The Returns On Capital At Gentrack Group (NZSE:GTK) Don't Inspire Confidence
Oct 25
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New Zealand (NZX) Market Analysis & Valuation
UpdatedOct 28, 2024
DataAggregated Company Financials
Companies113
- 7D-0.1%
- 3M2.9%
- 1Y13.6%
- YTD4.9%
In the last week, the market has stayed flat, however the Consumer Staples sector stood out, gaining 4.5%. Meanwhile, the market is actually up 14% over the past year. Looking forward, earnings are forecast to grow by 15% annually.
Trending IndustriesSoftware
Market Valuation and Performance
Has the New Zealand Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 28 Oct 2024 | NZ$170.2b | NZ$112.8b | NZ$4.3b | 19.4x | 39.7x | 1.5x |
| Wed, 25 Sep 2024 | NZ$160.5b | NZ$113.0b | NZ$4.6b | 19x | 35.1x | 1.4x |
| Fri, 23 Aug 2024 | NZ$164.2b | NZ$112.0b | NZ$4.6b | 19.3x | 35.9x | 1.5x |
| Sun, 21 Jul 2024 | NZ$163.1b | NZ$110.9b | NZ$4.7b | 17.1x | 34.9x | 1.5x |
| Tue, 18 Jun 2024 | NZ$153.6b | NZ$109.5b | NZ$4.3b | 15x | 35.7x | 1.4x |
| Thu, 16 May 2024 | NZ$151.1b | NZ$110.1b | NZ$5.8b | 15.2x | 26x | 1.4x |
| Sat, 13 Apr 2024 | NZ$156.4b | NZ$110.0b | NZ$5.8b | 17x | 26.9x | 1.4x |
| Mon, 11 Mar 2024 | NZ$157.6b | NZ$111.1b | NZ$5.7b | 17.2x | 27.4x | 1.4x |
| Wed, 07 Feb 2024 | NZ$158.4b | NZ$109.2b | NZ$6.6b | 14x | 23.8x | 1.5x |
| Fri, 05 Jan 2024 | NZ$157.1b | NZ$109.3b | NZ$6.6b | 15.9x | 23.6x | 1.4x |
| Sun, 03 Dec 2023 | NZ$152.3b | NZ$109.3b | NZ$6.6b | 15.6x | 22.9x | 1.4x |
| Tue, 31 Oct 2023 | NZ$144.5b | NZ$109.3b | NZ$5.8b | 16.2x | 24.8x | 1.3x |
| Thu, 28 Sep 2023 | NZ$152.5b | NZ$109.0b | NZ$5.9b | 15.9x | 26x | 1.4x |
| Sat, 26 Aug 2023 | NZ$156.6b | NZ$109.0b | NZ$5.8b | 16.2x | 27x | 1.4x |
| Mon, 24 Jul 2023 | NZ$163.3b | NZ$108.4b | NZ$6.6b | 16.7x | 24.6x | 1.5x |
| Wed, 21 Jun 2023 | NZ$161.7b | NZ$108.5b | NZ$6.6b | 15.9x | 24.4x | 1.5x |
| Fri, 19 May 2023 | NZ$163.8b | NZ$107.4b | NZ$7.7b | 15.6x | 21.4x | 1.5x |
| Sun, 16 Apr 2023 | NZ$162.5b | NZ$107.4b | NZ$7.6b | 15.6x | 21.4x | 1.5x |
| Tue, 14 Mar 2023 | NZ$160.4b | NZ$104.8b | NZ$7.3b | 15.9x | 21.9x | 1.5x |
| Thu, 09 Feb 2023 | NZ$166.2b | NZ$100.5b | NZ$6.6b | 16.8x | 25.1x | 1.7x |
| Sat, 07 Jan 2023 | NZ$159.7b | NZ$100.3b | NZ$6.6b | 16x | 24.2x | 1.6x |
| Mon, 05 Dec 2022 | NZ$160.1b | NZ$100.1b | NZ$6.6b | 16.4x | 24.2x | 1.6x |
| Wed, 02 Nov 2022 | NZ$157.2b | NZ$99.5b | NZ$7.9b | 17x | 20x | 1.6x |
| Fri, 30 Sep 2022 | NZ$156.3b | NZ$99.9b | NZ$7.9b | 17.1x | 19.9x | 1.6x |
| Sun, 28 Aug 2022 | NZ$163.3b | NZ$97.8b | NZ$7.7b | 18x | 21.3x | 1.7x |
| Tue, 26 Jul 2022 | NZ$158.8b | NZ$96.4b | NZ$8.3b | 19.2x | 19.1x | 1.6x |
| Thu, 23 Jun 2022 | NZ$151.8b | NZ$96.3b | NZ$8.4b | 17.6x | 18.2x | 1.6x |
| Sat, 21 May 2022 | NZ$161.3b | NZ$99.5b | NZ$8.8b | 17.5x | 18.4x | 1.6x |
| Mon, 18 Apr 2022 | NZ$168.8b | NZ$100.5b | NZ$8.7b | 18.4x | 19.3x | 1.7x |
| Wed, 16 Mar 2022 | NZ$168.2b | NZ$99.2b | NZ$8.8b | 16.2x | 19.2x | 1.7x |
| Fri, 11 Feb 2022 | NZ$177.3b | NZ$98.3b | NZ$9.0b | 19.9x | 19.8x | 1.8x |
| Sun, 09 Jan 2022 | NZ$184.3b | NZ$98.2b | NZ$9.0b | 19.2x | 20.5x | 1.9x |
| Tue, 07 Dec 2021 | NZ$179.0b | NZ$98.0b | NZ$9.0b | 18.7x | 20x | 1.8x |
| Thu, 04 Nov 2021 | NZ$182.8b | NZ$96.1b | NZ$8.0b | 21.9x | 22.9x | 1.9x |
Price to Earnings Ratio
22.9x
Current Market PE
- Investors are optimistic on the New Zealander market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 39.7x which is higher than its 3-year average PE of 24.4x.
Past Earnings Growth
- The earnings for New Zealander listed companies have declined 19% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.5% 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.
Sector Trends
Which sectors have driven the changes within the New Zealand Market?
| NZ Market | -0.13% | |
| Consumer Staples | 4.46% | |
| Financials | 3.78% | |
| Healthcare | 0.47% | |
| Energy | 0% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.58% | |
| Real Estate | -0.68% | |
| Consumer Discretionary | -0.85% | |
| Telecom | -1.25% | |
| Materials | -1.56% | |
| Utilities | -2.50% | |
| Tech | -3.82% | |
Sector PE
- Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 82.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 23.0% which is higher than its past year's earnings decline of 5.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 61% over the next 5 years.
- This is better than its past earnings decline of 84% per year.
- In contrast, the Financials sector is expected to see its earnings decline by 30% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| FCG Fonterra Co-operative Group | NZ$4.49 | 12.3% +NZ$786.1m | 99.6% | PE6.2x | Consumer Staples | |
| IFT Infratil | NZ$12.85 | 5.2% +NZ$608.9m | 29.0% | PE14.5x | Financials | |
| EBO EBOS Group | NZ$37.35 | 2.5% +NZ$175.2m | 8.6% | PE24.2x | Healthcare | |
| MFT Mainfreight | NZ$72.75 | 1.9% +NZ$135.9m | 27.6% | PE35.1x | Industrials | |
| THL Tourism Holdings | NZ$2.15 | 17.5% +NZ$70.4m | -34.7% | PE12x | Industrials |
