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New Zealand (NZX) Electric Utilities Industry Analysis
UpdatedNov 27, 2022
DataAggregated Company Financials
Companies5
- 7D-0.9%
- 3M-5.5%
- 1Y-4.8%
- YTD-7.7%
In the last week, Electric Utilities has been flat. Unfortunately though, the industry is down 4.8% over the past 12 months. As for the next few years, earnings are forecast to decline by 10% per annum.
Industry Valuation and Performance
Has the New Zealand Electric Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 27 Nov 2022 | NZ$24.3b | NZ$8.8b | NZ$1.0b | 32.1x | 24.3x | 2.8x |
| Tue, 25 Oct 2022 | NZ$23.2b | NZ$8.6b | NZ$1.0b | 15.6x | 22.7x | 2.7x |
| Thu, 22 Sep 2022 | NZ$26.1b | NZ$8.6b | NZ$1.0b | 18x | 25.5x | 3x |
| Sat, 20 Aug 2022 | NZ$26.4b | NZ$8.9b | NZ$866.2m | 33.7x | 30.5x | 3x |
| Mon, 18 Jul 2022 | NZ$24.5b | NZ$8.9b | NZ$896.2m | 24x | 27.4x | 2.8x |
| Wed, 15 Jun 2022 | NZ$23.1b | NZ$8.9b | NZ$896.2m | 22.8x | 25.8x | 2.6x |
| Fri, 13 May 2022 | NZ$24.7b | NZ$10.1b | NZ$833.1m | 21.6x | 29.7x | 2.5x |
| Sun, 10 Apr 2022 | NZ$26.1b | NZ$10.1b | NZ$833.1m | 22.7x | 31.3x | 2.6x |
| Tue, 08 Mar 2022 | NZ$25.4b | NZ$10.1b | NZ$833.1m | 22.4x | 30.5x | 2.5x |
| Thu, 03 Feb 2022 | NZ$24.3b | NZ$10.2b | NZ$447.4m | n/a | 54.2x | 2.4x |
| Sat, 01 Jan 2022 | NZ$25.6b | NZ$10.2b | NZ$447.4m | 46.1x | 57.3x | 2.5x |
| Mon, 29 Nov 2021 | NZ$25.3b | NZ$10.2b | NZ$447.4m | 45.1x | 56.6x | 2.5x |
| Wed, 27 Oct 2021 | NZ$26.5b | NZ$9.9b | NZ$274.8m | 63.8x | 96.5x | 2.7x |
| Fri, 24 Sep 2021 | NZ$27.0b | NZ$9.9b | NZ$274.8m | 65.8x | 98.1x | 2.7x |
| Sun, 22 Aug 2021 | NZ$27.0b | NZ$9.9b | NZ$274.8m | 70.4x | 98.3x | 2.7x |
| Fri, 09 Jul 2021 | NZ$27.2b | NZ$9.9b | NZ$274.8m | 69.3x | 98.8x | 2.8x |
| Thu, 01 Apr 2021 | NZ$25.7b | NZ$9.2b | NZ$338.8m | 51.9x | 75.7x | 2.8x |
| Sun, 03 Jan 2021 | NZ$26.8b | NZ$8.7b | NZ$795.1m | 39.8x | 33.7x | 3.1x |
| Wed, 07 Oct 2020 | NZ$20.6b | NZ$8.6b | NZ$768.4m | 30.1x | 26.8x | 2.4x |
| Tue, 30 Jun 2020 | NZ$19.6b | NZ$8.6b | NZ$728.3m | 30.6x | 26.9x | 2.3x |
| Fri, 03 Apr 2020 | NZ$17.1b | NZ$8.7b | NZ$289.7m | 26.8x | 58.9x | 2x |
| Mon, 06 Jan 2020 | NZ$20.8b | NZ$9.1b | NZ$443.9m | 34.2x | 46.8x | 2.3x |
Price to Earnings Ratio
34.4x
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 24.1x which is lower than its 3-year average PE of 48.3x.
- The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Electric Utilities industry have grown 19% per year over the last three years.
- Meanwhile revenues for these companies have declined 2.1% 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 | -0.15% | |
| Utilities | 0.12% | |
| Electric Utilities | -0.86% | |
| Electric Utilities | -0.86% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MNW Manawa Energy | NZ$5.19 | 3.0% +NZ$46.9m | -27.4% | PE45.5x | |
| IFT Infratil | NZ$8.72 | 0.5% +NZ$29.0m | 9.0% | PE68x |