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New Zealand (NZX) Market Analysis & Valuation

UpdatedDec 07, 2022
DataAggregated Company Financials
Companies121
  • 7D0.6%
  • 3M-2.3%
  • 1Y-13.9%
  • YTD-15.8%

Over the last 7 days, the market has risen 2.1%, driven by gains of 4.2% in the Utilities sector. Over the past year the market is down 12%. As for the next few years, earnings are expected to grow by 9.0% per annum.

Trending IndustriesSoftware

Market Valuation and Performance

Has the New Zealand Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Dec 2022NZ$160.5bNZ$100.1bNZ$6.6b16.3x24.3x1.6x
Fri, 04 Nov 2022NZ$156.9bNZ$99.4bNZ$7.9b16.9x19.9x1.6x
Sun, 02 Oct 2022NZ$154.8bNZ$99.9bNZ$7.9b17x19.7x1.5x
Tue, 30 Aug 2022NZ$162.0bNZ$97.8bNZ$7.7b18x21.2x1.7x
Thu, 28 Jul 2022NZ$157.9bNZ$96.5bNZ$8.3b19x18.9x1.6x
Sat, 25 Jun 2022NZ$153.5bNZ$96.3bNZ$8.4b17.7x18.4x1.6x
Mon, 23 May 2022NZ$161.3bNZ$99.0bNZ$8.9b17.3x18.1x1.6x
Wed, 20 Apr 2022NZ$168.3bNZ$100.5bNZ$8.7b18.3x19.3x1.7x
Fri, 18 Mar 2022NZ$170.3bNZ$99.2bNZ$8.8b16.2x19.4x1.7x
Sun, 13 Feb 2022NZ$174.3bNZ$98.3bNZ$9.0b17.8x19.4x1.8x
Tue, 11 Jan 2022NZ$184.0bNZ$98.2bNZ$9.0b21.1x20.5x1.9x
Thu, 09 Dec 2021NZ$177.9bNZ$98.1bNZ$9.0b19.1x19.8x1.8x
Sat, 06 Nov 2021NZ$183.7bNZ$96.7bNZ$8.1b21x22.6x1.9x
Mon, 04 Oct 2021NZ$186.3bNZ$96.0bNZ$8.0b23x23.3x1.9x
Wed, 01 Sep 2021NZ$186.5bNZ$95.4bNZ$8.0b22x23.4x2x
Thu, 08 Jul 2021NZ$180.3bNZ$95.4bNZ$8.0b21x22.6x1.9x
Wed, 31 Mar 2021NZ$181.2bNZ$94.0bNZ$6.6b22.1x27.4x1.9x
Sat, 02 Jan 2021NZ$188.5bNZ$92.2bNZ$4.9b21.5x38.3x2x
Tue, 06 Oct 2020NZ$165.8bNZ$93.0bNZ$4.2b21.4x39.2x1.8x
Fri, 10 Jul 2020NZ$160.2bNZ$93.5bNZ$3.8b19.6x42.2x1.7x
Thu, 02 Apr 2020NZ$134.4bNZ$94.1bNZ$4.3b16.5x31.6x1.4x
Sun, 05 Jan 2020NZ$163.1bNZ$94.8bNZ$5.5b20.9x29.4x1.7x
Price to Earnings Ratio

29.4x


Total Market Cap: NZ$163.1bTotal Earnings: NZ$5.5bTotal Revenue: NZ$94.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 28x20212022
Current Market PE
  • Investors are pessimistic on the New Zealander market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 24.2x which is lower than its 3-year average PE of 28.0x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have grown 6.1% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the New Zealand Market?

NZ Market0.61%
Consumer Staples1.72%
Healthcare1.54%
Utilities0.85%
Telecom0.81%
Tech0.44%
Real Estate0.058%
Consumer Discretionary-0.23%
Industrials-0.40%
Financials-0.50%
Energy-0.97%
Materials-4.29%
Sector PE
  • Investors are most optimistic about the Industrials sector which is trading above its 3-year average PE ratio of 2.3x.
    • Analysts are expecting annual earnings growth of 13.2%, which is lower than the prior year's growth of 19.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 81% over the next 5 years.
  • In contrast, the Utilities sector is expected to see its earnings decline by 5.2% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
MEL Meridian EnergyNZ$5.032.8%
+NZ$348.5m
5.5%PE28.8xUtilities
FPH Fisher & Paykel HealthcareNZ$24.051.9%
+NZ$259.9m
-27.1%PE55.3xHealthcare
THL Tourism HoldingsNZ$3.63-1.6%
NZ$200.0m
26.0%PS2.2xIndustrials
CEN Contact EnergyNZ$7.723.1%
+NZ$180.1m
-1.7%PE33.2xUtilities
SML Synlait MilkNZ$3.5215.4%
+NZ$102.7m
1.4%PE20xConsumer Staples
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Market Insights

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MNW

NZ$5.09

Manawa Energy

7D

-2.1%

1Y

-31.2%

IFT

NZ$8.76

Infratil

7D

-1.0%

1Y

7.1%

SML

NZ$3.52

Synlait Milk

7D

15.4%

1Y

1.4%

FPH

NZ$24.05

Fisher & Paykel Healthcare

7D

1.9%

1Y

-27.1%

SPG

NZ$1.45

Stride Property Group

7D

-3.3%

1Y

-30.0%

MFT

NZ$70.60

Mainfreight

7D

-1.3%

1Y

-21.6%

NPH

NZ$2.74

Napier Port Holdings

7D

-4.9%

1Y

-10.5%

GMT

NZ$2.05

Goodman Property Trust

7D

-1.4%

1Y

-20.8%

ATM

NZ$6.80

a2 Milk

7D

2.3%

1Y

15.5%

VCT

NZ$4.05

Vector

7D

-3.1%

1Y

0.2%

THL

NZ$3.63

Tourism Holdings

7D

-1.6%

1Y

26.0%

SPK

NZ$5.20

Spark New Zealand

7D

1.0%

1Y

15.0%

POT

NZ$6.27

Port of Tauranga

7D

-1.1%

1Y

-10.4%