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New Zealand (NZX) Renewable Energy Industry Analysis

UpdatedMar 26, 2024
DataAggregated Company Financials
Companies2
  • 7D1.0%
  • 3M5.4%
  • 1Y13.8%
  • YTDn/a

In the last week, Renewable Energy has been flat. The past year has been better, since the industry has gained 14% in that time. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

Has the New Zealand Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 Mar 2024NZ$15.4bNZ$3.9bNZ$74.8m180.2x206.2x4x
Fri, 23 Feb 2024NZ$14.8bNZ$3.2bNZ$89.7m158.5x164.9x4.6x
Sun, 21 Jan 2024NZ$14.2bNZ$3.2bNZ$89.7m148.7x158x4.4x
Tue, 19 Dec 2023NZ$14.0bNZ$3.2bNZ$89.7m146.8x156.6x4.3x
Thu, 16 Nov 2023NZ$13.1bNZ$3.2bNZ$89.7m139.4x145.6x4x
Sat, 14 Oct 2023NZ$13.3bNZ$3.2bNZ$89.7m139.2x147.8x4.1x
Mon, 11 Sep 2023NZ$13.4bNZ$3.2bNZ$89.7m140.6x149.3x4.1x
Wed, 09 Aug 2023NZ$14.2bNZ$3.6bNZ$509.6m21.2x28x4x
Fri, 07 Jul 2023NZ$14.4bNZ$3.6bNZ$509.6m21.3x28.2x4x
Sun, 04 Jun 2023NZ$14.4bNZ$3.6bNZ$509.6m21.5x28.3x4x
Tue, 02 May 2023NZ$14.0bNZ$3.6bNZ$509.6m21.2x27.5x3.9x
Thu, 30 Mar 2023NZ$13.5bNZ$3.6bNZ$509.6m20.3x26.6x3.8x
Sat, 25 Feb 2023NZ$13.9bNZ$3.7bNZ$456.2m19.3x30.5x3.7x
Mon, 23 Jan 2023NZ$13.9bNZ$3.7bNZ$456.2m19.4x30.4x3.7x
Wed, 21 Dec 2022NZ$13.5bNZ$3.7bNZ$456.2m19.3x29.6x3.6x
Fri, 18 Nov 2022NZ$11.8bNZ$3.7bNZ$456.2m17.8x25.9x3.2x
Sun, 16 Oct 2022NZ$11.9bNZ$3.7bNZ$456.2m17.8x26.1x3.2x
Tue, 13 Sep 2022NZ$12.9bNZ$3.7bNZ$456.2m19.5x28.3x3.5x
Thu, 11 Aug 2022NZ$13.6bNZ$4.3bNZ$350.4m26x38.8x3.2x
Sat, 09 Jul 2022NZ$12.3bNZ$4.3bNZ$350.4m24.2x35.1x2.9x
Mon, 06 Jun 2022NZ$12.4bNZ$4.3bNZ$350.4m23.8x35.4x2.9x
Wed, 04 May 2022NZ$12.1bNZ$4.3bNZ$350.4m23.8x34.7x2.8x
Fri, 01 Apr 2022NZ$13.1bNZ$4.3bNZ$350.4m25.7x37.3x3x
Sun, 27 Feb 2022NZ$12.6bNZ$4.3bNZ$346.3m110.8x36.5x2.9x
Tue, 25 Jan 2022NZ$11.7bNZ$4.3bNZ$428.3m115.5x27.4x2.7x
Thu, 23 Dec 2021NZ$12.7bNZ$4.3bNZ$428.3mn/a29.6x2.9x
Sat, 20 Nov 2021NZ$12.1bNZ$4.3bNZ$428.3mn/a28.2x2.8x
Mon, 18 Oct 2021NZ$12.5bNZ$4.3bNZ$428.3m123.3x29.1x2.9x
Wed, 15 Sep 2021NZ$13.3bNZ$4.3bNZ$428.3m121.7x31x3.1x
Fri, 13 Aug 2021NZ$13.2bNZ$4.3bNZ$428.3m142.5x30.9x3.1x
Tue, 08 Jun 2021NZ$13.5bNZ$3.9bNZ$320.9m55.1x41.9x3.4x
Price to Earnings Ratio

43.2x


Total Market Cap: NZ$13.9bTotal Earnings: NZ$320.9mTotal Revenue: NZ$3.9bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Renewable Energy Industry Price to Earnings3Y Average 56.3x202220232024
Current Industry PE
    There are only 2 companies in the New Zealander Renewable Electricity industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Renewable Electricity industry have declined 38% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does New Zealand Renewable Energy compare with similar industries?

NZ Market1.32%
Utilities0.73%
Renewable Energy0.96%
Renewable Energy0.96%
Independent Power Producers and Energy Traders0%
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
MEL Meridian EnergyNZ$5.850.9%
+NZ$142.3m
13.8%PE178x
NWF NZ WindfarmsNZ$0.145.4%
+NZ$2.5m
7.9%PS4.1x
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