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New Zealand (NZX) Telecom Sector Analysis

UpdatedApr 14, 2025
DataAggregated Company Financials
Companies5
  • 7D-1.0%
  • 3M-18.7%
  • 1Y-37.8%
  • YTD-20.8%

The Telecom is pretty flat in the last 7 days, but Chorus has stood out, gaining 3.9%. As for the longer term, the industry has declined 38% in the last year. Earnings are forecast to grow by 29% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Apr 2025NZ$7.9bNZ$6.0bNZ$176.6m19.2x44.9x1.3x
Thu, 13 Mar 2025NZ$8.2bNZ$6.0bNZ$176.6m19.8x46.4x1.4x
Sat, 08 Feb 2025NZ$9.7bNZ$6.0bNZ$368.2m16.7x26.2x1.6x
Mon, 06 Jan 2025NZ$9.9bNZ$6.0bNZ$368.2m16.9x26.8x1.6x
Wed, 04 Dec 2024NZ$9.7bNZ$6.0bNZ$368.2m16.6x26.4x1.6x
Fri, 01 Nov 2024NZ$10.0bNZ$6.0bNZ$368.2m16.7x27.1x1.7x
Sun, 29 Sep 2024NZ$9.9bNZ$6.0bNZ$368.2m16.6x26.9x1.7x
Tue, 27 Aug 2024NZ$11.3bNZ$6.0bNZ$368.8m18.1x30.7x1.9x
Thu, 25 Jul 2024NZ$11.6bNZ$6.1bNZ$514.4m17.8x22.6x1.9x
Sat, 22 Jun 2024NZ$11.1bNZ$6.1bNZ$514.4m17.2x21.7x1.8x
Mon, 20 May 2024NZ$11.2bNZ$6.1bNZ$514.4m17.8x21.8x1.9x
Wed, 17 Apr 2024NZ$12.3bNZ$6.1bNZ$514.4m19.9x24x2x
Fri, 15 Mar 2024NZ$13.0bNZ$6.1bNZ$514.4m21.1x25.2x2.1x
Sun, 11 Feb 2024NZ$13.5bNZ$6.6bNZ$1.2b9.6x11x2x
Tue, 09 Jan 2024NZ$13.4bNZ$6.6bNZ$1.2b9.8x10.9x2x
Thu, 07 Dec 2023NZ$13.2bNZ$6.6bNZ$1.2b8.8x10.7x2x
Sat, 04 Nov 2023NZ$13.0bNZ$6.6bNZ$1.2b8.7x10.6x2x
Mon, 02 Oct 2023NZ$12.7bNZ$6.6bNZ$1.2b8.8x10.3x1.9x
Wed, 30 Aug 2023NZ$13.3bNZ$6.6bNZ$1.2b9.1x10.8x2x
Fri, 28 Jul 2023NZ$13.7bNZ$6.5bNZ$1.2b8.3x11.8x2.1x
Sun, 25 Jun 2023NZ$13.7bNZ$6.5bNZ$1.2b8.3x11.7x2.1x
Tue, 23 May 2023NZ$14.0bNZ$6.5bNZ$1.2b8.6x12x2.2x
Thu, 20 Apr 2023NZ$14.0bNZ$6.5bNZ$1.2b8.6x12x2.2x
Sat, 18 Mar 2023NZ$13.2bNZ$6.5bNZ$1.2b8.5x11.3x2x
Mon, 13 Feb 2023NZ$14.4bNZ$5.8bNZ$554.1m15.2x25.9x2.5x
Wed, 11 Jan 2023NZ$14.1bNZ$5.8bNZ$554.1m15x25.5x2.4x
Fri, 09 Dec 2022NZ$14.1bNZ$5.8bNZ$554.1m14.9x25.4x2.4x
Sun, 06 Nov 2022NZ$13.8bNZ$5.8bNZ$554.1m15x24.9x2.4x
Tue, 04 Oct 2022NZ$13.3bNZ$5.8bNZ$554.1m14.4x24.1x2.3x
Thu, 01 Sep 2022NZ$14.4bNZ$5.8bNZ$554.1m15.8x26x2.5x
Sat, 30 Jul 2022NZ$13.8bNZ$5.7bNZ$548.3m17.1x25.1x2.4x
Mon, 27 Jun 2022NZ$12.8bNZ$5.7bNZ$548.3m16.5x23.4x2.2x
Wed, 25 May 2022NZ$12.8bNZ$5.7bNZ$548.3m16.8x23.4x2.2x
Fri, 22 Apr 2022NZ$13.3bNZ$5.7bNZ$548.3m17.6x24.3x2.3x
Price to Earnings Ratio

24.3x


Total Market Cap: NZ$13.3bTotal Earnings: NZ$548.3mTotal Revenue: NZ$5.7bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Telecom Sector Price to Earnings3Y Average 21.2x202320242025
Current Industry PE
  • Investors are optimistic on the New Zealander Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 44.9x which is higher than its 3-year average PE of 21.2x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 31% per year 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 decreased profits.

Industry Trends

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

NZ Market-1.36%
Telecom-0.96%
Wireless Telecom2.08%
Media1.09%
Interactive Media and Services0%0
Telecom Services and Carriers-1.11%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 32.3%, which is higher than its past year's earnings decline of 66.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 32% over the next 5 years.
  • This is better than its past earnings decline of 66% per year.
  • In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 29% 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
CNU ChorusNZ$8.003.9%
+NZ$130.2m		6.2%PS3.4x
SPK Spark New ZealandNZ$2.072.0%
+NZ$75.6m		-55.8%PE20.2x
SKT SKY Network TelevisionNZ$2.466.5%
+NZ$20.7m		-14.0%PE18.7x
NZM NZMENZ$1.103.8%
+NZ$7.5m		20.9%PS0.6x
VTL VitalNZ$0.242.1%
+NZ$207.7k		-2.0%PS0.4x
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SPK

NZ$2.07

Spark New Zealand

7D

2.0%

1Y

-55.8%

NZM

NZ$1.10

NZME

7D

3.8%

1Y

20.9%

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SKT

NZ$2.46

SKY Network Television

7D

6.5%

1Y

-14.0%

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Mar 16 Completion of Project Migrate and transition to IP will enhance reliability and customer retention, positively impacting future revenues and net margins.

CNU

NZ$8.00

Chorus

7D

3.9%

1Y

6.2%

VTL

NZ$0.24

Vital

7D

2.1%

1Y

-2.0%