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New Zealand (NZX) Utilities Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies7
- 7D2.2%
- 3M1.1%
- 1Y3.8%
- YTD3.7%
Mercury NZ is up 5.6%, leading the way for the Utilities industry, which has gained 2.1%. This takes the industry's 12 month performance to a gain of 3.8%. Looking forward, earnings are forecast to grow by 8.6% annually.
Sector Valuation and Performance
Has the New Zealand Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | NZ$39.0b | NZ$15.9b | NZ$1.1b | 32.8x | 34.6x | 2.5x |
| Tue, 19 Nov 2024 | NZ$39.4b | NZ$15.9b | NZ$1.1b | 34.2x | 34.9x | 2.5x |
| Thu, 17 Oct 2024 | NZ$39.3b | NZ$15.8b | NZ$1.2b | 35.8x | 33.1x | 2.5x |
| Sat, 14 Sep 2024 | NZ$39.7b | NZ$15.8b | NZ$1.2b | 38.5x | 33.5x | 2.5x |
| Mon, 12 Aug 2024 | NZ$39.3b | NZ$13.6b | NZ$580.7m | 53.9x | 67.6x | 2.9x |
| Wed, 10 Jul 2024 | NZ$40.7b | NZ$13.6b | NZ$580.7m | 54.7x | 70.1x | 3x |
| Fri, 07 Jun 2024 | NZ$41.0b | NZ$13.6b | NZ$580.7m | 55.7x | 70.6x | 3x |
| Sun, 05 May 2024 | NZ$39.2b | NZ$13.6b | NZ$669.6m | 40.7x | 58.5x | 2.9x |
| Tue, 02 Apr 2024 | NZ$39.8b | NZ$13.6b | NZ$669.6m | 43x | 59.4x | 2.9x |
| Thu, 29 Feb 2024 | NZ$38.9b | NZ$12.9b | NZ$679.6m | 42.1x | 57.2x | 3x |
| Sat, 27 Jan 2024 | NZ$37.9b | NZ$12.1b | NZ$738.8m | 42.2x | 51.3x | 3.1x |
| Mon, 25 Dec 2023 | NZ$37.3b | NZ$12.1b | NZ$738.8m | 41.7x | 50.5x | 3.1x |
| Wed, 22 Nov 2023 | NZ$35.1b | NZ$12.1b | NZ$738.8m | 40.1x | 47.5x | 2.9x |
| Fri, 20 Oct 2023 | NZ$35.7b | NZ$12.1b | NZ$723.2m | 42.1x | 49.4x | 3x |
| Sun, 17 Sep 2023 | NZ$36.8b | NZ$12.1b | NZ$723.2m | 42.8x | 50.9x | 3x |
| Tue, 15 Aug 2023 | NZ$39.3b | NZ$12.9b | NZ$1.3b | 28.1x | 29.3x | 3.1x |
| Thu, 13 Jul 2023 | NZ$47.3b | NZ$14.7b | NZ$1.7b | 27.1x | 28.6x | 3.2x |
| Sat, 10 Jun 2023 | NZ$44.2b | NZ$14.7b | NZ$1.7b | 25.1x | 26.7x | 3x |
| Mon, 08 May 2023 | NZ$44.1b | NZ$13.8b | NZ$1.4b | 30.5x | 32.1x | 3.2x |
| Wed, 05 Apr 2023 | NZ$43.7b | NZ$13.8b | NZ$1.4b | 30.2x | 31.8x | 3.2x |
| Fri, 03 Mar 2023 | NZ$43.7b | NZ$13.9b | NZ$1.4b | 30.5x | 31.7x | 3.2x |
| Sun, 29 Jan 2023 | NZ$43.5b | NZ$13.9b | NZ$1.6b | 28.9x | 26.9x | 3.1x |
| Tue, 27 Dec 2022 | NZ$41.7b | NZ$13.9b | NZ$1.6b | 27.6x | 25.8x | 3x |
| Thu, 24 Nov 2022 | NZ$40.4b | NZ$13.9b | NZ$1.6b | 26.6x | 25x | 2.9x |
| Sat, 22 Oct 2022 | NZ$38.9b | NZ$13.6b | NZ$1.6b | 20.6x | 23.8x | 2.9x |
| Mon, 19 Sep 2022 | NZ$43.7b | NZ$13.6b | NZ$1.6b | 22.7x | 26.7x | 3.2x |
| Wed, 17 Aug 2022 | NZ$45.1b | NZ$14.3b | NZ$1.4b | 28.3x | 32.4x | 3.1x |
| Fri, 15 Jul 2022 | NZ$41.7b | NZ$14.5b | NZ$1.5b | 22.6x | 28.7x | 2.9x |
| Sun, 12 Jun 2022 | NZ$40.6b | NZ$14.5b | NZ$1.5b | 22.3x | 27.9x | 2.8x |
| Tue, 10 May 2022 | NZ$41.0b | NZ$15.7b | NZ$1.4b | 21.2x | 29.5x | 2.6x |
| Thu, 07 Apr 2022 | NZ$43.0b | NZ$15.7b | NZ$1.4b | 19.8x | 30.9x | 2.7x |
| Sat, 05 Mar 2022 | NZ$42.8b | NZ$15.7b | NZ$1.4b | 18.6x | 30.8x | 2.7x |
| Mon, 31 Jan 2022 | NZ$39.0b | NZ$15.8b | NZ$1.1b | 31.5x | 36.5x | 2.5x |
| Wed, 29 Dec 2021 | NZ$42.3b | NZ$15.8b | NZ$1.1b | 32.9x | 39.5x | 2.7x |
Price to Earnings Ratio
39.5x
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 33.9x which is lower than its 3-year average PE of 39.1x.
- The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.4x.
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 Market | 1.18% | |
| Utilities | 2.17% | |
| Renewable Energy | 2.77% | |
| Electric Utilities | 1.88% | |
| Other Utilities | 1.28% | |
| Gas Utilities | 0% | |
| Water Utilities | 0% | |
Industry PE
- Investors are most optimistic about the Other Utilities industry which is trading above its 3-year average PE ratio of 33.8x.
- 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 33.7x.
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 7.0% 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 | |
|---|---|---|---|---|---|
| MCY Mercury NZ | NZ$6.04 | 5.6% +NZ$447.8m | -6.6% | PE29.1x | |
| MEL Meridian Energy | NZ$5.88 | 2.8% +NZ$417.0m | 7.3% | PE35.7x | |
| GNE Genesis Energy | NZ$2.27 | 4.1% +NZ$98.2m | -10.5% | PE18.9x | |
| VCT Vector | NZ$3.95 | 1.3% +NZ$50.0m | 5.6% | PE51x |
