Vista Group International Limited (NZSE:VGL) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
Jan 30
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New Zealand (NZX) Tech Sector Analysis
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies11
- 7D-6.8%
- 3M-13.0%
- 1Y-23.8%
- YTD-9.1%
Over the last 7 days, the Tech industry has dropped 6.8%, driven by declines in Gentrack Group and Vista Group International of 5.7% and 9.5%, respectively. Meanwhile, Black Pearl Group actually outperformed within the industry, gaining 22% in the last week. The industry has fallen 24% in the last year. Looking forward, earnings are forecast to grow by 53% annually.
Sector Valuation and Performance
Has the New Zealand Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | NZ$2.5b | NZ$917.3m | -NZ$160,966,950.92 | 39.3x | -15.7x | 2.8x |
| Fri, 02 Jan 2026 | NZ$2.8b | NZ$917.3m | -NZ$160,977,788.11 | 45.4x | -17.1x | 3x |
| Sun, 30 Nov 2025 | NZ$3.0b | NZ$910.3m | -NZ$158,866,706.00 | 55.5x | -18.8x | 3.3x |
| Tue, 28 Oct 2025 | NZ$2.9b | NZ$866.3m | -NZ$32,451,685.00 | 84.4x | -89.2x | 3.3x |
| Thu, 25 Sep 2025 | NZ$3.2b | NZ$866.4m | -NZ$32,224,685.00 | 93.3x | -99x | 3.7x |
| Sat, 23 Aug 2025 | NZ$3.1b | NZ$866.3m | -NZ$31,289,685.00 | 53.3x | -98.7x | 3.6x |
| Mon, 21 Jul 2025 | NZ$3.2b | NZ$858.9m | -NZ$32,189,685.00 | 62.5x | -99.2x | 3.7x |
| Wed, 18 Jun 2025 | NZ$3.0b | NZ$858.9m | -NZ$32,189,685.00 | 59.9x | -93x | 3.5x |
| Fri, 16 May 2025 | NZ$3.1b | NZ$830.6m | -NZ$29,294,044.00 | 15.4x | -106.7x | 3.8x |
| Sun, 13 Apr 2025 | NZ$2.8b | NZ$830.7m | -NZ$29,294,044.00 | 15.4x | -97.3x | 3.4x |
| Tue, 11 Mar 2025 | NZ$3.1b | NZ$830.7m | -NZ$29,294,044.00 | 17.8x | -104.4x | 3.7x |
| Thu, 06 Feb 2025 | NZ$3.2b | NZ$818.0m | -NZ$36,762,044.00 | 76.8x | -87.3x | 3.9x |
| Sat, 04 Jan 2025 | NZ$3.1b | NZ$818.0m | -NZ$36,762,044.00 | 72.5x | -84.9x | 3.8x |
| Mon, 02 Dec 2024 | NZ$3.1b | NZ$818.0m | -NZ$36,761,615.00 | 78.3x | -85.5x | 3.8x |
| Wed, 30 Oct 2024 | NZ$2.7b | NZ$803.4m | -NZ$29,954,615.00 | 37.8x | -91.3x | 3.4x |
| Fri, 27 Sep 2024 | NZ$2.8b | NZ$797.1m | -NZ$31,881,615.00 | 47.3x | -88.2x | 3.5x |
| Sun, 25 Aug 2024 | NZ$2.8b | NZ$796.8m | -NZ$37,722,615.00 | 36.8x | -74.2x | 3.5x |
| Tue, 23 Jul 2024 | NZ$2.7b | NZ$797.7m | -NZ$43,400,615.00 | 36.8x | -61.8x | 3.4x |
| Thu, 20 Jun 2024 | NZ$2.5b | NZ$797.7m | -NZ$43,400,615.00 | 33.8x | -56.6x | 3.1x |
| Sat, 18 May 2024 | NZ$2.2b | NZ$801.6m | -NZ$44,547,398.00 | 26.3x | -49.1x | 2.7x |
| Mon, 15 Apr 2024 | NZ$2.4b | NZ$801.6m | -NZ$44,547,398.00 | 34.9x | -52.8x | 2.9x |
| Wed, 13 Mar 2024 | NZ$2.3b | NZ$801.6m | -NZ$44,547,398.00 | 36.9x | -51.2x | 2.8x |
| Fri, 09 Feb 2024 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 37.2x | -41.7x | 2.8x |
| Sun, 07 Jan 2024 | NZ$2.2b | NZ$804.3m | -NZ$53,647,398.00 | 36.9x | -40.7x | 2.7x |
| Tue, 05 Dec 2023 | NZ$2.0b | NZ$804.3m | -NZ$53,647,398.00 | 18x | -37.4x | 2.5x |
| Thu, 02 Nov 2023 | NZ$1.8b | NZ$797.6m | -NZ$43,077,466.00 | 6.5x | -41.6x | 2.2x |
| Sat, 30 Sep 2023 | NZ$1.8b | NZ$797.5m | -NZ$44,351,466.00 | 7.2x | -41.2x | 2.3x |
| Mon, 28 Aug 2023 | NZ$1.9b | NZ$796.1m | -NZ$37,916,466.00 | 8.4x | -49.1x | 2.3x |
| Wed, 26 Jul 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 10.1x | -40.5x | 2.4x |
| Fri, 23 Jun 2023 | NZ$1.8b | NZ$788.2m | -NZ$47,453,466.00 | 10.5x | -37.3x | 2.2x |
| Sun, 21 May 2023 | NZ$1.6b | NZ$727.8m | -NZ$53,295,090.00 | 9.6x | -29.7x | 2.2x |
| Tue, 18 Apr 2023 | NZ$1.4b | NZ$712.3m | -NZ$64,052,090.00 | 9x | -22x | 2x |
| Thu, 16 Mar 2023 | NZ$3.1b | NZ$1.1b | -NZ$21,126,019.00 | 24.4x | -149x | 2.8x |
| Sat, 11 Feb 2023 | NZ$3.4b | NZ$1.1b | -NZ$18,949,323.00 | 26.7x | -181.3x | 3.1x |
Price to Earnings Ratio
-181.3x
Current Industry PE
- Investors are relatively neutral on the New Zealander Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have deteriorated over the last three years.
- Revenues have also declined 5.6% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the New Zealand Tech sector?
| NZ Market | -0.31% | |
| Tech | -6.77% | |
| IT | 0% | 0 |
| Electronic Equipment and Components | -5.06% | |
| Software | -7.44% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 81% over the next 5 years.
- In contrast, the Software industry is expected to see its earnings grow by 41% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BPG Black Pearl Group | NZ$1.20 | 21.8% +NZ$20.4m | 27.7% | n/a | |
| RAK Rakon | NZ$1.43 | 1.1% +NZ$3.4m | 150.0% | PE207.5x |