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New Zealand (NZX) Utilities Sector Analysis

UpdatedJul 14, 2025
DataAggregated Company Financials
Companies6
  • 7D-0.04%
  • 3M1.5%
  • 1Y-4.0%
  • YTD0.9%

The Utilities industry has stayed flat over the last week. Unfortunately though, the industry is down 4.0% over the past 12 months. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Jul 2025NZ$39.8bNZ$16.5bNZ$736.2m32.4x54.1x2.4x
Wed, 11 Jun 2025NZ$40.1bNZ$17.0bNZ$735.4m28.6x54.6x2.4x
Fri, 09 May 2025NZ$39.1bNZ$17.1bNZ$700.0m27.4x55.8x2.3x
Sun, 06 Apr 2025NZ$38.6bNZ$17.1bNZ$700.0m27.7x55.1x2.3x
Tue, 04 Mar 2025NZ$39.3bNZ$17.1bNZ$700.0m28.2x56.1x2.3x
Thu, 30 Jan 2025NZ$39.4bNZ$15.9bNZ$1.1b33.7x35x2.5x
Sat, 28 Dec 2024NZ$39.7bNZ$15.9bNZ$1.1b33.8x35.2x2.5x
Mon, 25 Nov 2024NZ$39.6bNZ$15.9bNZ$1.1b34x35.2x2.5x
Wed, 23 Oct 2024NZ$39.8bNZ$15.8bNZ$1.2b36.1x33.6x2.5x
Fri, 20 Sep 2024NZ$38.5bNZ$15.8bNZ$1.2b36.8x32.5x2.4x
Sun, 18 Aug 2024NZ$41.4bNZ$13.6bNZ$580.7m54.4x71.4x3x
Tue, 16 Jul 2024NZ$40.4bNZ$13.6bNZ$580.7m55x69.6x3x
Thu, 13 Jun 2024NZ$40.7bNZ$13.6bNZ$580.7m56.7x70.2x3x
Sat, 11 May 2024NZ$39.4bNZ$13.6bNZ$669.6m40.2x58.8x2.9x
Mon, 08 Apr 2024NZ$39.3bNZ$13.6bNZ$669.6m42.5x58.7x2.9x
Wed, 06 Mar 2024NZ$39.2bNZ$13.6bNZ$669.6m42.4x58.5x2.9x
Fri, 02 Feb 2024NZ$38.0bNZ$12.1bNZ$738.8m42.3x51.4x3.1x
Sun, 31 Dec 2023NZ$37.6bNZ$12.1bNZ$738.8m41.6x50.9x3.1x
Tue, 28 Nov 2023NZ$35.6bNZ$12.1bNZ$738.8m40.3x48.2x3x
Thu, 26 Oct 2023NZ$34.6bNZ$12.1bNZ$723.2m41.4x47.9x2.9x
Sat, 23 Sep 2023NZ$36.6bNZ$12.1bNZ$723.2m42.8x50.6x3x
Mon, 21 Aug 2023NZ$38.8bNZ$12.7bNZ$1.4b27.4x27.1x3x
Wed, 19 Jul 2023NZ$46.8bNZ$14.7bNZ$1.7b27x28.3x3.2x
Fri, 16 Jun 2023NZ$45.3bNZ$14.7bNZ$1.7b26.5x27.3x3.1x
Sun, 14 May 2023NZ$44.7bNZ$13.8bNZ$1.4b30.4x32.5x3.2x
Tue, 11 Apr 2023NZ$43.7bNZ$13.8bNZ$1.4b30.3x31.8x3.2x
Thu, 09 Mar 2023NZ$43.3bNZ$13.9bNZ$1.4b30.5x31.5x3.1x
Sat, 04 Feb 2023NZ$44.4bNZ$13.9bNZ$1.6b29.1x27.5x3.2x
Mon, 02 Jan 2023NZ$42.0bNZ$13.9bNZ$1.6b28x26x3x
Wed, 30 Nov 2022NZ$40.2bNZ$13.9bNZ$1.6b26.4x24.8x2.9x
Fri, 28 Oct 2022NZ$40.2bNZ$13.6bNZ$1.6b21x24.5x2.9x
Sun, 25 Sep 2022NZ$43.0bNZ$13.6bNZ$1.6b22.3x26.3x3.2x
Tue, 23 Aug 2022NZ$45.1bNZ$14.2bNZ$1.6b20.7x28.6x3.2x
Thu, 21 Jul 2022NZ$41.6bNZ$14.5bNZ$1.5b22.7x28.7x2.9x
Price to Earnings Ratio

28.7x


Total Market Cap: NZ$41.6bTotal Earnings: NZ$1.5bTotal Revenue: NZ$14.5bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Utilities Sector Price to Earnings3Y Average 42x202320242025
Current Industry PE
  • Investors are optimistic on the New Zealander Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 54.1x which is higher than its 3-year average PE of 42.0x.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.3% per year.
  • This means that although more sales are being generated, 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 Utilities sector?

NZ Market-0.58%
Utilities-0.036%
Other Utilities2.06%
Electric Utilities0.71%
Renewable Energy-1.60%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 93.6x.
    • Analysts are expecting annual earnings growth of 21.1%, which is lower than the prior year's growth of 37.6% per year.
  • Investors are most pessimistic about the Other Utilities industry, which is trading below its 3-year average of 36.1x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 21% over the next 5 years.
  • However this is lower than its past earnings growth rate of 38% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 10% 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
CEN Contact EnergyNZ$9.040.1%
+NZ$1.7b		6.7%PE39.8x
VCT VectorNZ$4.432.5%
+NZ$110.0m		19.7%PE25x
GNE Genesis EnergyNZ$2.362.6%
+NZ$66.0m		8.3%PE15.9x
MCY Mercury NZNZ$6.170.4%
+NZ$35.2m		-9.1%PE177x
MNW Manawa EnergyNZ$6.370.3%
+NZ$6.3m		50.6%PS4.1x

Latest News

CEN
NZ$9.04
Contact Energy
7D
0.1%
1Y
6.7%
MNW
NZ$6.37
Manawa Energy
7D
0.3%
1Y
50.6%
VCT
NZ$4.43
Vector
7D
2.5%
1Y
19.7%

Is There An Opportunity With Vector Limited's (NZSE:VCT) 30% Undervaluation?

Jun 30
Is There An Opportunity With Vector Limited's (NZSE:VCT) 30% Undervaluation?
MCY
NZ$6.17
Mercury NZ
7D
0.4%
1Y
-9.1%
MEL
NZ$5.76
Meridian Energy
7D
-1.1%
1Y
-11.7%
GNE
NZ$2.36
Genesis Energy
7D
2.6%
1Y
8.3%