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New Zealand (NZX) Electric Utilities Industry Analysis

UpdatedMay 09, 2025
DataAggregated Company Financials
Companies4
  • 7D3.1%
  • 3M-2.6%
  • 1Y0.2%
  • YTD-0.7%

The Electric Utilities industry is up 5.5% in the last week, with Manawa Energy up 27%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 May 2025NZ$20.0bNZ$10.8bNZ$399.9m32x50.1x1.8x
Sun, 06 Apr 2025NZ$19.5bNZ$10.8bNZ$399.9m33x48.8x1.8x
Tue, 04 Mar 2025NZ$19.9bNZ$10.8bNZ$399.9m33.4x49.7x1.8x
Thu, 30 Jan 2025NZ$20.2bNZ$9.9bNZ$619.9m29.6x32.6x2x
Sat, 28 Dec 2024NZ$20.2bNZ$9.9bNZ$619.9m29.6x32.5x2x
Mon, 25 Nov 2024NZ$20.4bNZ$9.9bNZ$619.9m29.4x32.9x2.1x
Wed, 23 Oct 2024NZ$20.5bNZ$9.8bNZ$679.4m31.1x30.1x2.1x
Fri, 20 Sep 2024NZ$18.9bNZ$9.8bNZ$679.4m28.3x27.8x1.9x
Sun, 18 Aug 2024NZ$20.3bNZ$8.5bNZ$437.0m40.9x46.4x2.4x
Tue, 16 Jul 2024NZ$19.8bNZ$8.5bNZ$437.0m41.5x45.3x2.3x
Thu, 13 Jun 2024NZ$20.2bNZ$8.5bNZ$437.0m42.1x46.3x2.4x
Sat, 11 May 2024NZ$19.7bNZ$8.5bNZ$526.0m26x37.5x2.3x
Mon, 08 Apr 2024NZ$20.1bNZ$8.5bNZ$526.0m26.4x38.2x2.4x
Wed, 06 Mar 2024NZ$20.1bNZ$8.5bNZ$526.0m26.2x38.2x2.4x
Fri, 02 Feb 2024NZ$19.8bNZ$7.6bNZ$538.0m32.4x36.8x2.6x
Sun, 31 Dec 2023NZ$19.5bNZ$7.6bNZ$538.0m31.7x36.3x2.6x
Tue, 28 Nov 2023NZ$18.5bNZ$7.6bNZ$538.0m30.3x34.3x2.4x
Thu, 26 Oct 2023NZ$18.2bNZ$7.7bNZ$522.4m31.3x34.9x2.4x
Sat, 23 Sep 2023NZ$19.1bNZ$7.7bNZ$522.4m32.8x36.5x2.5x
Mon, 21 Aug 2023NZ$20.8bNZ$7.8bNZ$778.2m26.2x26.7x2.7x
Wed, 19 Jul 2023NZ$28.7bNZ$9.7bNZ$1.0b26.2x28.5x2.9x
Fri, 16 Jun 2023NZ$27.3bNZ$9.7bNZ$1.0b25.6x27.2x2.8x
Sun, 14 May 2023NZ$26.5bNZ$8.9bNZ$724.1m43.8x36.5x3x
Tue, 11 Apr 2023NZ$25.9bNZ$8.9bNZ$724.1m42.6x35.7x2.9x
Thu, 09 Mar 2023NZ$25.8bNZ$8.9bNZ$724.1m43.7x35.6x2.9x
Sat, 04 Feb 2023NZ$26.2bNZ$8.8bNZ$1.0b33.3x26.1x3x
Mon, 02 Jan 2023NZ$24.3bNZ$8.8bNZ$1.0b33.2x24.3x2.7x
Wed, 30 Nov 2022NZ$23.8bNZ$8.8bNZ$1.0b31.5x23.7x2.7x
Fri, 28 Oct 2022NZ$23.9bNZ$8.6bNZ$1.0b16.3x23.4x2.8x
Sun, 25 Sep 2022NZ$25.8bNZ$8.6bNZ$1.0b17.6x25.2x3x
Tue, 23 Aug 2022NZ$26.6bNZ$8.6bNZ$1.0b18.7x26x3.1x
Thu, 21 Jul 2022NZ$24.7bNZ$8.9bNZ$896.2m24x27.6x2.8x
Sat, 18 Jun 2022NZ$23.4bNZ$8.9bNZ$896.2m22.9x26.1x2.6x
Mon, 16 May 2022NZ$24.3bNZ$10.1bNZ$833.1m21.4x29.1x2.4x
Price to Earnings Ratio

29.1x


Total Market Cap: NZ$24.3bTotal Earnings: NZ$833.1mTotal Revenue: NZ$10.1bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Electric Utilities Industry Price to Earnings3Y Average 33.5x202320242025
Current Industry PE
  • Investors are optimistic on the New Zealander Electric Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 49.9x which is higher than its 3-year average PE of 33.5x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have declined 22% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.4% 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 industry?

NZ Market2.69%
Utilities1.96%
Electric Utilities3.11%
Electric Utilities3.11%
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
MNW Manawa EnergyNZ$6.2629.1%
+NZ$441.3m		49.0%PS3.5x
MCY Mercury NZNZ$6.123.9%
+NZ$323.6m		-4.4%PE175.7x
GNE Genesis EnergyNZ$2.281.8%
+NZ$44.0m		0.7%PE15.4x
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Latest News

MNW

NZ$6.26

Manawa Energy

7D

29.1%

1Y

49.0%

MCY

NZ$6.12

Mercury NZ

7D

3.9%

1Y

-4.4%

GNE

NZ$2.28

Genesis Energy

7D

1.8%

1Y

0.7%