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New Zealand (NZX) Market Analysis & Valuation

UpdatedNov 02, 2024
DataAggregated Company Financials
Companies113
  • 7D-1.6%
  • 3M0.2%
  • 1Y8.7%
  • YTD3.2%

Over the last 7 days, the market has dropped 1.6%, driven by a decline of 2.1% in the Healthcare sector. In the last year, the market is actually up 8.7%. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 02 Nov 2024NZ$167.4bNZ$112.8bNZ$4.3b19.5x39.1x1.5x
Mon, 30 Sep 2024NZ$164.4bNZ$112.3bNZ$4.4b19.1x37.5x1.5x
Wed, 28 Aug 2024NZ$163.8bNZ$111.9bNZ$4.4b20.5x36.9x1.5x
Fri, 26 Jul 2024NZ$163.4bNZ$110.8bNZ$4.7b17.6x35x1.5x
Sun, 23 Jun 2024NZ$154.2bNZ$109.5bNZ$4.3b14.8x35.7x1.4x
Tue, 21 May 2024NZ$154.8bNZ$110.1bNZ$5.9b15.5x26.4x1.4x
Thu, 18 Apr 2024NZ$154.8bNZ$110.0bNZ$5.8b16.7x26.6x1.4x
Sat, 16 Mar 2024NZ$155.2bNZ$111.2bNZ$5.7b16.6x27x1.4x
Mon, 12 Feb 2024NZ$157.9bNZ$109.1bNZ$6.6b14.1x23.8x1.4x
Wed, 10 Jan 2024NZ$157.7bNZ$109.3bNZ$6.6b16.3x23.7x1.4x
Fri, 08 Dec 2023NZ$153.3bNZ$109.2bNZ$6.6b15.4x23.1x1.4x
Sun, 05 Nov 2023NZ$149.0bNZ$109.3bNZ$5.8b16.4x25.6x1.4x
Tue, 03 Oct 2023NZ$151.8bNZ$110.2bNZ$5.9b16.7x25.9x1.4x
Thu, 31 Aug 2023NZ$157.2bNZ$110.6bNZ$5.9b16.4x26.6x1.4x
Sat, 29 Jul 2023NZ$164.0bNZ$108.3bNZ$6.6b16.7x24.7x1.5x
Mon, 26 Jun 2023NZ$161.5bNZ$108.4bNZ$6.6b16.1x24.4x1.5x
Wed, 24 May 2023NZ$162.0bNZ$107.0bNZ$7.3b15.4x22.2x1.5x
Fri, 21 Apr 2023NZ$162.1bNZ$107.5bNZ$7.6b15.2x21.3x1.5x
Sun, 19 Mar 2023NZ$148.5bNZ$102.2bNZ$7.0b16.2x21.3x1.5x
Tue, 14 Feb 2023NZ$166.0bNZ$100.4bNZ$6.6b17.1x25.1x1.7x
Thu, 12 Jan 2023NZ$159.5bNZ$100.3bNZ$6.6b15.7x24.1x1.6x
Sat, 10 Dec 2022NZ$159.4bNZ$100.1bNZ$6.6b16.3x24.1x1.6x
Mon, 07 Nov 2022NZ$156.3bNZ$99.4bNZ$7.9b16.7x19.9x1.6x
Wed, 05 Oct 2022NZ$154.9bNZ$99.9bNZ$7.9b17x19.7x1.6x
Fri, 02 Sep 2022NZ$163.1bNZ$98.1bNZ$7.7b17.8x21.1x1.7x
Sun, 31 Jul 2022NZ$162.6bNZ$96.5bNZ$8.3b19.3x19.5x1.7x
Tue, 28 Jun 2022NZ$156.0bNZ$96.3bNZ$8.4b17.8x18.7x1.6x
Thu, 26 May 2022NZ$160.3bNZ$99.6bNZ$8.6b16.7x18.6x1.6x
Sat, 23 Apr 2022NZ$169.0bNZ$100.5bNZ$8.7b18.4x19.4x1.7x
Mon, 21 Mar 2022NZ$172.7bNZ$100.3bNZ$8.8b16x19.6x1.7x
Wed, 16 Feb 2022NZ$171.5bNZ$98.2bNZ$8.9b21.1x19.2x1.7x
Fri, 14 Jan 2022NZ$182.1bNZ$98.2bNZ$9.0b16.8x20.3x1.9x
Sun, 12 Dec 2021NZ$180.8bNZ$98.1bNZ$9.0b19.3x20.2x1.8x
Tue, 09 Nov 2021NZ$183.8bNZ$96.8bNZ$8.2b14.9x22.4x1.9x
Price to Earnings Ratio

22.4x


Total Market Cap: NZ$183.8bTotal Earnings: NZ$8.2bTotal Revenue: NZ$96.8bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 24.4x202220232024
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 39.1x which is higher than its 3-year average PE of 24.4x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.2% 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-1.62%
Materials1.83%
Tech1.73%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Utilities-1.07%
Financials-1.14%
Consumer Discretionary-1.21%
Industrials-1.39%
Real Estate-2.05%
Healthcare-2.14%
Telecom-2.34%
Consumer Staples-2.66%
Energy-3.74%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 90.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.9% 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
SKO SerkoNZ$3.5222.6%
+NZ$78.8m
-13.1%PS5.7xTech
FRW Freightways GroupNZ$10.504.0%
+NZ$71.5m
33.2%PE26.5xIndustrials
SCT Scott TechnologyNZ$2.2823.2%
+NZ$35.0m
-39.0%PE23.6xIndustrials
MCK Millennium & Copthorne Hotels New ZealandNZ$1.827.1%
+NZ$19.0m
1.1%PE78.3xConsumer Discretionary
BAI Being AINZ$0.6015.4%
+NZ$15.0m
n/aPS2.8xFinancials
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SKO

NZ$3.52

Serko

7D

22.6%

1Y

-13.1%

SPK

NZ$2.88

Spark New Zealand

7D

-3.8%

1Y

-42.5%

SCL

NZ$4.01

Scales

7D

1.8%

1Y

29.4%

SCT

NZ$2.28

Scott Technology

7D

23.2%

1Y

-39.0%

MCK

NZ$1.82

Millennium & Copthorne Hotels New Zealand

7D

7.1%

1Y

1.1%

EBO

NZ$35.86

EBOS Group

7D

-4.0%

1Y

-3.3%

BAI

NZ$0.60

Being AI

7D

15.4%

1Y

n/a

OCA

NZ$0.79

Oceania Healthcare

7D

1.3%

1Y

12.9%

ERD

NZ$0.95

EROAD

7D

5.6%

1Y

37.7%