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New Zealand (NZX) Market Analysis & Valuation

UpdatedNov 08, 2024
DataAggregated Company Financials
Companies113
  • 7D-0.7%
  • 3M2.2%
  • 1Y7.9%
  • YTD3.3%

The market has been flat in the last week, however the Consumer Staples sector is down 5.0%. More promisingly, the market is up 7.9% 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 Nov 2024NZ$168.2bNZ$112.9bNZ$4.3b19.3x39.3x1.5x
Mon, 07 Oct 2024NZ$165.7bNZ$112.8bNZ$4.3b19x38.6x1.5x
Wed, 04 Sep 2024NZ$164.9bNZ$113.0bNZ$4.6b20.4x36x1.5x
Fri, 02 Aug 2024NZ$164.4bNZ$110.7bNZ$4.7b17.9x35.2x1.5x
Sun, 30 Jun 2024NZ$154.5bNZ$109.6bNZ$4.3b15x35.9x1.4x
Tue, 28 May 2024NZ$154.8bNZ$111.0bNZ$5.2b15.5x30x1.4x
Thu, 25 Apr 2024NZ$156.3bNZ$110.1bNZ$5.8b16.6x26.8x1.4x
Sat, 23 Mar 2024NZ$157.6bNZ$109.9bNZ$5.9b16.7x26.7x1.4x
Mon, 19 Feb 2024NZ$156.5bNZ$109.1bNZ$6.4b14.9x24.5x1.4x
Wed, 17 Jan 2024NZ$157.7bNZ$109.3bNZ$6.6b15.8x23.7x1.4x
Fri, 15 Dec 2023NZ$153.3bNZ$109.3bNZ$6.6b15.6x23.1x1.4x
Sun, 12 Nov 2023NZ$149.1bNZ$108.5bNZ$5.7b17.2x26x1.4x
Tue, 10 Oct 2023NZ$150.9bNZ$109.0bNZ$5.8b16.1x25.9x1.4x
Thu, 07 Sep 2023NZ$155.7bNZ$110.6bNZ$5.9b16.6x26.4x1.4x
Sat, 05 Aug 2023NZ$164.0bNZ$108.4bNZ$6.6b16.5x24.8x1.5x
Mon, 03 Jul 2023NZ$163.6bNZ$108.3bNZ$6.6b16.1x24.7x1.5x
Wed, 31 May 2023NZ$161.3bNZ$108.0bNZ$6.2b15.9x25.8x1.5x
Fri, 28 Apr 2023NZ$162.6bNZ$107.4bNZ$7.6b15.4x21.4x1.5x
Sun, 26 Mar 2023NZ$149.8bNZ$106.2bNZ$7.2b15.6x20.9x1.4x
Tue, 21 Feb 2023NZ$165.5bNZ$100.8bNZ$6.4b16.7x25.7x1.6x
Thu, 19 Jan 2023NZ$163.3bNZ$100.3bNZ$6.6b16.2x24.7x1.6x
Sat, 17 Dec 2022NZ$159.4bNZ$100.0bNZ$6.6b16.2x24.1x1.6x
Mon, 14 Nov 2022NZ$156.4bNZ$100.1bNZ$7.9b16x19.9x1.6x
Wed, 12 Oct 2022NZ$152.9bNZ$99.8bNZ$7.9b17.1x19.5x1.5x
Fri, 09 Sep 2022NZ$163.3bNZ$98.0bNZ$7.7b17.5x21.1x1.7x
Sun, 07 Aug 2022NZ$166.0bNZ$96.4bNZ$8.3b19.1x19.9x1.7x
Tue, 05 Jul 2022NZ$154.6bNZ$96.3bNZ$8.3b17.5x18.5x1.6x
Thu, 02 Jun 2022NZ$163.4bNZ$100.5bNZ$8.6b18x19x1.6x
Sat, 30 Apr 2022NZ$168.6bNZ$100.5bNZ$8.7b17.3x19.3x1.7x
Mon, 28 Mar 2022NZ$171.4bNZ$100.2bNZ$8.8b17.8x19.6x1.7x
Wed, 23 Feb 2022NZ$174.1bNZ$99.0bNZ$9.3b20.8x18.6x1.8x
Fri, 21 Jan 2022NZ$179.3bNZ$98.2bNZ$9.0b19.1x20x1.8x
Sun, 19 Dec 2021NZ$181.2bNZ$98.2bNZ$9.0b19x20.2x1.8x
Tue, 16 Nov 2021NZ$182.0bNZ$97.7bNZ$8.8b13x20.8x1.9x
Price to Earnings Ratio

20.8x


Total Market Cap: NZ$182.0bTotal Earnings: NZ$8.8bTotal Revenue: NZ$97.7bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 24.6x202220232024
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 39.3x which is higher than its 3-year average PE of 24.5x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have declined 21% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.1% 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-0.74%
Tech1.58%
Industrials0.62%
Materials0.42%
Telecom0.15%
Healthcare0.058%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Discretionary-0.098%
Financials-0.53%
Real Estate-1.21%
Utilities-1.44%
Energy-2.26%
Consumer Staples-4.98%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 99x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.8% 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?

CompanyLast Price7D1YValuationSector
FPH Fisher & Paykel HealthcareNZ$37.634.3%
+NZ$914.4m		73.3%PE166.3xHealthcare
SPK Spark New ZealandNZ$3.045.6%
+NZ$295.1m		-40.5%PE17.7xTelecom
AIA Auckland International AirportNZ$7.402.4%
+NZ$294.3m		-4.4%PE2262.6xIndustrials
EBO EBOS GroupNZ$37.304.0%
+NZ$280.3m		0.3%PE24.1xHealthcare
MFT MainfreightNZ$72.803.7%
+NZ$258.8m		15.3%PE35.1xIndustrials
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