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New Zealand (NZX) Tech Sector Analysis

UpdatedNov 23, 2024
DataAggregated Company Financials
Companies10
  • 7D5.1%
  • 3M2.8%
  • 1Y55.2%
  • YTD30.3%

In the last week, the Tech industry is up 5.1%, with all of the companies up. In the last 12 months, the industry was up 55%. Looking forward, earnings are forecast to grow by 48% annually.

Sector Valuation and Performance

Has the New Zealand Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Nov 2024NZ$2.9bNZ$804.3m-NZ$30,215,615.0034.8x-94.3x3.5x
Tue, 22 Oct 2024NZ$2.8bNZ$797.0m-NZ$32,010,615.0037.3x-87.7x3.5x
Thu, 19 Sep 2024NZ$2.8bNZ$797.1m-NZ$31,881,615.0047.8x-88.2x3.5x
Sat, 17 Aug 2024NZ$2.9bNZ$797.6m-NZ$37,100,615.0040.3x-78.5x3.7x
Mon, 15 Jul 2024NZ$2.6bNZ$797.7m-NZ$43,400,615.0038.8x-60.8x3.3x
Wed, 12 Jun 2024NZ$2.4bNZ$797.7m-NZ$43,400,615.0037.8x-55.9x3x
Fri, 10 May 2024NZ$2.2bNZ$801.6m-NZ$44,547,398.0028.4x-49.6x2.8x
Sun, 07 Apr 2024NZ$2.4bNZ$801.6m-NZ$44,547,398.0034x-52.8x2.9x
Tue, 05 Mar 2024NZ$2.3bNZ$801.6m-NZ$44,547,398.0038.4x-50.6x2.8x
Thu, 01 Feb 2024NZ$2.2bNZ$804.3m-NZ$53,647,398.0038.1x-40.9x2.7x
Sat, 30 Dec 2023NZ$2.2bNZ$804.3m-NZ$53,647,398.0036.4x-40.9x2.7x
Mon, 27 Nov 2023NZ$1.8bNZ$788.7m-NZ$46,115,936.0017.7x-39.8x2.3x
Wed, 25 Oct 2023NZ$1.8bNZ$797.6m-NZ$43,077,466.007x-41.9x2.3x
Fri, 22 Sep 2023NZ$1.8bNZ$797.5m-NZ$44,351,466.007.2x-40.2x2.2x
Sun, 20 Aug 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.009.6x-39.6x2.4x
Tue, 18 Jul 2023NZ$1.9bNZ$788.2m-NZ$47,453,466.009.9x-40.4x2.4x
Thu, 15 Jun 2023NZ$1.8bNZ$788.2m-NZ$47,453,466.0010.7x-37.1x2.2x
Sat, 13 May 2023NZ$1.5bNZ$707.7m-NZ$63,284,090.009.7x-23x2.1x
Mon, 10 Apr 2023NZ$1.4bNZ$712.3m-NZ$64,052,090.008.9x-22.3x2x
Wed, 08 Mar 2023NZ$3.1bNZ$1.1b-NZ$21,481,818.0025.3x-145.4x2.8x
Fri, 03 Feb 2023NZ$3.4bNZ$1.1b-NZ$20,065,766.0027.1x-170.6x3.2x
Sun, 01 Jan 2023NZ$3.2bNZ$1.1b-NZ$19,106,178.0026.7x-169.9x3x
Tue, 29 Nov 2022NZ$3.2bNZ$1.1b-NZ$23,969,540.0026.1x-134.3x3x
Thu, 27 Oct 2022NZ$3.1bNZ$1.0bNZ$148.0k18.2x21234.2x3.1x
Sat, 24 Sep 2022NZ$3.2bNZ$1.0b-NZ$24,554,347.0018x-131.5x3.1x
Mon, 22 Aug 2022NZ$3.7bNZ$1.0b-NZ$11,530,909.0021.1x-320.9x3.7x
Wed, 20 Jul 2022NZ$3.5bNZ$1.0b-NZ$11,434,040.0020.1x-309.5x3.5x
Fri, 17 Jun 2022NZ$3.4bNZ$1.0b-NZ$12,118,802.0020.5x-284.5x3.4x
Sun, 15 May 2022NZ$3.8bNZ$936.2mNZ$3.1m20.9x1218.4x4.1x
Tue, 12 Apr 2022NZ$3.9bNZ$885.4mNZ$3.7m19.5x1047.9x4.4x
Thu, 10 Mar 2022NZ$3.7bNZ$885.2mNZ$3.6m18.8x1044x4.2x
Sat, 05 Feb 2022NZ$4.3bNZ$874.5mNZ$4.9m18.5x863x4.9x
Mon, 03 Jan 2022NZ$5.0bNZ$867.4mNZ$3.5m21.2x1400.4x5.7x
Wed, 01 Dec 2021NZ$4.6bNZ$861.6m-NZ$2,059,259.0023x-2218.5x5.3x
Price to Earnings Ratio

-2218.5x


Total Market Cap: NZ$4.6bTotal Earnings: -NZ$2,059,259.00Total Revenue: NZ$861.6mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Tech Sector Price to Earnings3Y Average 74x202220232024
Current Industry PE
  • Investors are optimistic on the New Zealander Information Technology industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have deteriorated over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

Which industries have driven the changes within the New Zealand Tech sector?

NZ Market1.93%
Tech5.08%
Electronic Equipment and Components5.81%
Software4.95%
IT0%
Communications0%
Tech Hardware0%
Semiconductors0%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 60% over the next 5 years.
    • This is better than its past earnings decline of 81% per year.
    • In contrast, the Software industry is expected to see its earnings grow by 46% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    GTK Gentrack GroupNZ$10.907.1%
    +NZ$74.7m
    113.7%PE150.7x
    SKO SerkoNZ$3.914.8%
    +NZ$21.9m
    -10.9%PS6.4x
    VGL Vista Group InternationalNZ$2.952.4%
    +NZ$16.6m
    106.3%PS4.9x
    ERD EROADNZ$0.967.9%
    +NZ$13.1m
    29.7%PS1x
    IKE ikeGPS GroupNZ$0.617.0%
    +NZ$6.4m
    10.9%PS4.3x
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    Latest News

    IKE

    NZ$0.61

    ikeGPS Group

    7D

    7.0%

    1Y

    10.9%

    GTK

    NZ$10.90

    Gentrack Group

    7D

    7.1%

    1Y

    113.7%

    ERD

    NZ$0.96

    EROAD

    7D

    7.9%

    1Y

    29.7%

    SKO

    NZ$3.91

    Serko

    7D

    4.8%

    1Y

    -10.9%

    ENS

    NZ$0.77

    Enprise Group

    7D

    6.9%

    1Y

    26.2%

    RAK

    NZ$0.69

    Rakon

    7D

    3.0%

    1Y

    15.0%

    BPG

    NZ$1.36

    Black Pearl Group

    7D

    0.7%

    1Y

    186.3%