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New Zealand (NZX) Electric Utilities Industry Analysis

UpdatedApr 11, 2024
DataAggregated Company Financials
Companies4
  • 7D0.3%
  • 3M2.9%
  • 1Y4.5%
  • YTD3.4%

Over the last 7 days, the Electric Utilities industry has dropped 1.1%, driven by a pullback from Genesis Energy of 2.2%. In the past year, the industry has gained 4.6%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Apr 2024NZ$20.2bNZ$8.5bNZ$526.0m26x38.4x2.4x
Sun, 10 Mar 2024NZ$20.3bNZ$8.5bNZ$526.0m26.3x38.6x2.4x
Tue, 06 Feb 2024NZ$19.9bNZ$7.6bNZ$538.0m32.1x37x2.6x
Thu, 04 Jan 2024NZ$19.5bNZ$7.6bNZ$538.0m31.6x36.2x2.5x
Sat, 02 Dec 2023NZ$18.8bNZ$7.6bNZ$538.0m30.7x34.9x2.5x
Mon, 30 Oct 2023NZ$18.0bNZ$7.7bNZ$522.4m31.1x34.4x2.3x
Wed, 27 Sep 2023NZ$19.1bNZ$7.7bNZ$522.4m32.7x36.5x2.5x
Fri, 25 Aug 2023NZ$19.2bNZ$7.7bNZ$522.4m32.8x36.8x2.5x
Sun, 23 Jul 2023NZ$28.8bNZ$9.7bNZ$1.0b26.2x28.6x3x
Tue, 20 Jun 2023NZ$27.1bNZ$9.7bNZ$1.0b25x26.9x2.8x
Thu, 18 May 2023NZ$26.4bNZ$9.1bNZ$785.1m32.3x33.6x2.9x
Sat, 15 Apr 2023NZ$25.9bNZ$8.9bNZ$724.1m43.2x35.7x2.9x
Mon, 13 Mar 2023NZ$25.2bNZ$8.9bNZ$724.1m43x34.8x2.8x
Wed, 08 Feb 2023NZ$26.1bNZ$8.8bNZ$1.0b33.4x26.1x3x
Fri, 06 Jan 2023NZ$24.4bNZ$8.8bNZ$1.0b33.2x24.4x2.8x
Sun, 04 Dec 2022NZ$24.5bNZ$8.8bNZ$1.0b32.9x24.4x2.8x
Tue, 01 Nov 2022NZ$24.9bNZ$8.6bNZ$1.0b17.2x24.4x2.9x
Thu, 29 Sep 2022NZ$24.8bNZ$8.6bNZ$1.0b16.6x24.3x2.9x
Sat, 27 Aug 2022NZ$25.9bNZ$8.6bNZ$1.0b18.1x25.4x3x
Mon, 25 Jul 2022NZ$24.7bNZ$8.9bNZ$896.2m23.8x27.5x2.8x
Wed, 22 Jun 2022NZ$23.3bNZ$8.9bNZ$896.2m23.3x26x2.6x
Fri, 20 May 2022NZ$25.0bNZ$9.4bNZ$824.2m22.8x30.3x2.7x
Sun, 17 Apr 2022NZ$25.4bNZ$10.1bNZ$833.1m22.1x30.5x2.5x
Tue, 15 Mar 2022NZ$24.5bNZ$10.1bNZ$833.1m21.8x29.4x2.4x
Thu, 10 Feb 2022NZ$25.2bNZ$10.2bNZ$447.4mn/a56.3x2.5x
Sat, 08 Jan 2022NZ$25.9bNZ$10.2bNZ$447.4mn/a57.9x2.5x
Mon, 06 Dec 2021NZ$25.8bNZ$10.2bNZ$447.4m45.5x57.7x2.5x
Wed, 03 Nov 2021NZ$26.4bNZ$9.9bNZ$274.8mn/a96.2x2.7x
Fri, 01 Oct 2021NZ$26.9bNZ$9.9bNZ$274.8m64.9x97.9x2.7x
Sun, 29 Aug 2021NZ$26.8bNZ$9.9bNZ$274.8m69.1x97.6x2.7x
Mon, 05 Jul 2021NZ$27.2bNZ$9.9bNZ$274.8m69.3x98.8x2.8x
Price to Earnings Ratio

79.1x


Total Market Cap: NZ$26.8bTotal Earnings: NZ$338.8mTotal Revenue: NZ$9.2bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Electric Utilities Industry Price to Earnings3Y Average 44.4x202220232024
Current Industry PE
  • Investors are pessimistic on the New Zealander Electric 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 38.3x which is lower than its 3-year average PE of 44.4x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 16% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

NZ Market-0.57%
Utilities-0.80%
Electric Utilities0.32%
Electric Utilities0.32%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CEN Contact EnergyNZ$8.491.1%
+NZ$71.0m		10.7%PE23.3x
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Latest News

GNE

NZ$2.37

Genesis Energy

7D

-2.3%

1Y

-12.7%

MCY

NZ$6.72

Mercury NZ

7D

-1.8%

1Y

6.7%

CEN

NZ$8.49

Contact Energy

7D

1.1%

1Y

10.7%

MNW

NZ$4.54

Manawa Energy

7D

-2.8%

1Y

-7.2%