Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

New Zealand (NZX) Utilities Sector Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies7
  • 7D0.5%
  • 3M-0.5%
  • 1Y5.1%
  • YTD0.6%

Over the last 7 days, the Utilities industry has remained flat. The past year has been better, since the industry has gained 5.1% in that time. As for the next few years, earnings are expected to grow by 8.7% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jan 2025NZ$40.2bNZ$15.9bNZ$1.1b34.1x35.7x2.5x
Fri, 20 Dec 2024NZ$38.5bNZ$15.9bNZ$1.1b32.2x34.2x2.4x
Sun, 17 Nov 2024NZ$39.2bNZ$15.9bNZ$1.1b33.9x34.8x2.5x
Tue, 15 Oct 2024NZ$39.2bNZ$15.8bNZ$1.2b35.5x33.1x2.5x
Thu, 12 Sep 2024NZ$38.9bNZ$15.8bNZ$1.2b37.1x32.8x2.5x
Sat, 10 Aug 2024NZ$39.3bNZ$13.6bNZ$580.7m53.9x67.6x2.9x
Mon, 08 Jul 2024NZ$41.2bNZ$13.6bNZ$580.7m55.1x70.9x3x
Wed, 05 Jun 2024NZ$40.7bNZ$13.6bNZ$580.7m55.7x70.1x3x
Fri, 03 May 2024NZ$39.1bNZ$13.6bNZ$669.6m41.1x58.3x2.9x
Sun, 31 Mar 2024NZ$39.8bNZ$13.6bNZ$669.6m43x59.4x2.9x
Tue, 27 Feb 2024NZ$38.8bNZ$12.9bNZ$726.8m32.3x53.5x3x
Thu, 25 Jan 2024NZ$38.1bNZ$12.1bNZ$738.8m42.2x51.5x3.2x
Sat, 23 Dec 2023NZ$37.3bNZ$12.1bNZ$738.8m41.7x50.5x3.1x
Mon, 20 Nov 2023NZ$35.2bNZ$12.1bNZ$738.8m40.7x47.6x2.9x
Wed, 18 Oct 2023NZ$36.1bNZ$12.1bNZ$723.2m42.2x49.9x3x
Fri, 15 Sep 2023NZ$36.3bNZ$12.1bNZ$723.2m42.6x50.2x3x
Sun, 13 Aug 2023NZ$39.2bNZ$12.9bNZ$1.3b27.9x29.2x3.1x
Tue, 11 Jul 2023NZ$47.8bNZ$14.7bNZ$1.7b27.8x28.9x3.3x
Thu, 08 Jun 2023NZ$45.4bNZ$14.7bNZ$1.7b25.8x27.4x3.1x
Sat, 06 May 2023NZ$44.1bNZ$13.8bNZ$1.4b30.5x32.1x3.2x
Mon, 03 Apr 2023NZ$43.6bNZ$13.8bNZ$1.4b30.4x31.7x3.1x
Wed, 01 Mar 2023NZ$43.0bNZ$14.0bNZ$1.3b31.2x32.6x3.1x
Fri, 27 Jan 2023NZ$43.9bNZ$13.9bNZ$1.6b29.4x27.1x3.2x
Sun, 25 Dec 2022NZ$41.7bNZ$13.9bNZ$1.6b27.6x25.8x3x
Tue, 22 Nov 2022NZ$41.1bNZ$13.9bNZ$1.6b26.9x25.4x3x
Thu, 20 Oct 2022NZ$39.0bNZ$13.6bNZ$1.6b20.5x23.9x2.9x
Sat, 17 Sep 2022NZ$43.7bNZ$13.6bNZ$1.6b22.7x26.7x3.2x
Mon, 15 Aug 2022NZ$44.8bNZ$14.5bNZ$1.5b23.8x30.8x3.1x
Wed, 13 Jul 2022NZ$41.6bNZ$14.5bNZ$1.5b22.4x28.6x2.9x
Fri, 10 Jun 2022NZ$40.6bNZ$14.5bNZ$1.5b22.1x28x2.8x
Sun, 08 May 2022NZ$41.5bNZ$15.7bNZ$1.4b21.3x29.9x2.6x
Tue, 05 Apr 2022NZ$42.8bNZ$15.7bNZ$1.4b19.5x30.8x2.7x
Thu, 03 Mar 2022NZ$42.7bNZ$15.7bNZ$1.4b26.5x30.8x2.7x
Sat, 29 Jan 2022NZ$40.0bNZ$15.8bNZ$1.1bn/a37.5x2.5x
Price to Earnings Ratio

37.5x


Total Market Cap: NZ$40.0bTotal Earnings: NZ$1.1bTotal Revenue: NZ$15.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Utilities Sector Price to Earnings3Y Average 38.9x202320242025
Current Industry PE
  • Investors are pessimistic on the New Zealander Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 35.7x which is lower than its 3-year average PE of 38.9x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Utilities industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

NZ Market1.72%
Utilities0.51%
Electric Utilities2.02%
Gas Utilities0%0
Water Utilities0%0
Other Utilities-0.25%
Renewable Energy-1.17%
Industry PE
  • Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 34.7x.
    • Analysts are expecting annual earnings growth of 17.5%, which is higher than its past year's earnings decline of 23.0% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading close to its 3-year average of 33.0x.
Forecasted Growth
  • Analysts are most optimistic on the Other Utilities industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 7.3% 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
MCY Mercury NZNZ$6.081.9%
+NZ$160.9m		-7.2%PE29.3x
CEN Contact EnergyNZ$9.401.8%
+NZ$135.7m		16.2%PE31.9x
GNE Genesis EnergyNZ$2.201.6%
+NZ$38.2m		-13.1%PE18.3x
MEL Meridian EnergyNZ$5.860.2%
+NZ$26.1m		4.6%PE35.6x
NWF NZ WindfarmsNZ$0.131.5%
+NZ$727.8k		-6.3%PE330.8x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlans & PricingLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

MCY

NZ$6.08

Mercury NZ

7D

1.9%

1Y

-7.2%

CEN

NZ$9.40

Contact Energy

7D

1.8%

1Y

16.2%

Here's Why Contact Energy (NZSE:CEN) Can Manage Its Debt Responsibly

Dec 19
Here's Why Contact Energy (NZSE:CEN) Can Manage Its Debt Responsibly

GNE

NZ$2.20

Genesis Energy

7D

1.6%

1Y

-13.1%

MEL

NZ$5.86

Meridian Energy

7D

0.2%

1Y

4.6%

NWF

NZ$0.13

NZ Windfarms

7D

1.5%

1Y

-6.3%

MNW

NZ$5.66

Manawa Energy

7D

-2.4%

1Y

28.6%