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New Zealand (NZX) Market Analysis & Valuation

UpdatedAug 23, 2024
DataAggregated Company Financials
Companies112
  • 7D-1.6%
  • 3M4.9%
  • 1Y3.5%
  • YTD3.8%

Over the last 7 days, the market has dropped 1.6%, driven by a decline of 3.3% in the Utilities sector. In contrast to the last week, the market is actually up 3.5% over the past year. Earnings are forecast to grow by 20% annually.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Aug 2024NZ$164.2bNZ$112.0bNZ$4.6b19.3x35.9x1.5x
Mon, 22 Jul 2024NZ$163.1bNZ$110.9bNZ$4.7b17.1x34.9x1.5x
Wed, 19 Jun 2024NZ$154.0bNZ$109.5bNZ$4.3b14.8x35.8x1.4x
Fri, 17 May 2024NZ$153.8bNZ$110.0bNZ$5.8b15.4x26.4x1.4x
Sun, 14 Apr 2024NZ$156.4bNZ$110.0bNZ$5.8b17x26.9x1.4x
Tue, 12 Mar 2024NZ$156.9bNZ$111.1bNZ$5.7b17x27.3x1.4x
Thu, 08 Feb 2024NZ$158.9bNZ$109.2bNZ$6.6b14x23.9x1.5x
Sat, 06 Jan 2024NZ$157.7bNZ$109.3bNZ$6.6b15.8x23.7x1.4x
Mon, 04 Dec 2023NZ$152.3bNZ$109.3bNZ$6.6b15.6x22.9x1.4x
Wed, 01 Nov 2023NZ$144.8bNZ$109.3bNZ$5.8b16.4x24.8x1.3x
Fri, 29 Sep 2023NZ$150.8bNZ$109.0bNZ$5.9b16.2x25.7x1.4x
Sun, 27 Aug 2023NZ$156.6bNZ$110.7bNZ$6.3b17.2x24.9x1.4x
Tue, 25 Jul 2023NZ$164.5bNZ$108.4bNZ$6.6b16.7x24.8x1.5x
Thu, 22 Jun 2023NZ$161.6bNZ$108.5bNZ$6.6b15.8x24.4x1.5x
Sat, 20 May 2023NZ$165.3bNZ$107.3bNZ$7.7b15.5x21.6x1.5x
Mon, 17 Apr 2023NZ$162.5bNZ$107.4bNZ$7.6b15.6x21.4x1.5x
Wed, 15 Mar 2023NZ$159.8bNZ$104.7bNZ$7.3b15.9x21.8x1.5x
Fri, 10 Feb 2023NZ$167.0bNZ$100.5bNZ$6.6b16.8x25.2x1.7x
Sun, 08 Jan 2023NZ$159.7bNZ$100.3bNZ$6.6b16x24.2x1.6x
Tue, 06 Dec 2022NZ$160.2bNZ$100.1bNZ$6.6b16.6x24.2x1.6x
Thu, 03 Nov 2022NZ$156.9bNZ$99.4bNZ$7.9b16.9x19.9x1.6x
Sat, 01 Oct 2022NZ$154.8bNZ$99.9bNZ$7.9b17x19.7x1.5x
Mon, 29 Aug 2022NZ$163.3bNZ$97.8bNZ$7.7b18x21.3x1.7x
Wed, 27 Jul 2022NZ$158.2bNZ$96.4bNZ$8.3b19.2x19x1.6x
Fri, 24 Jun 2022NZ$153.5bNZ$96.3bNZ$8.4b17.7x18.4x1.6x
Sun, 22 May 2022NZ$161.3bNZ$99.5bNZ$8.8b17.5x18.4x1.6x
Tue, 19 Apr 2022NZ$168.8bNZ$100.5bNZ$8.7b18.4x19.3x1.7x
Thu, 17 Mar 2022NZ$169.3bNZ$99.2bNZ$8.8b16.2x19.3x1.7x
Sat, 12 Feb 2022NZ$177.1bNZ$98.3bNZ$9.0b16.7x19.7x1.8x
Mon, 10 Jan 2022NZ$184.3bNZ$98.2bNZ$9.0b19.2x20.5x1.9x
Wed, 08 Dec 2021NZ$179.0bNZ$98.0bNZ$9.0b18.7x20x1.8x
Fri, 05 Nov 2021NZ$182.1bNZ$96.7bNZ$8.1b20.9x22.4x1.9x
Sun, 03 Oct 2021NZ$186.3bNZ$96.0bNZ$8.0b23x23.3x1.9x
Tue, 31 Aug 2021NZ$186.3bNZ$95.4bNZ$8.0b21.8x23.4x2x
Price to Earnings Ratio

23.4x


Total Market Cap: NZ$186.3bTotal Earnings: NZ$8.0bTotal Revenue: NZ$95.4bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 23.5x202220232024
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 35.9x which is higher than its 3-year average PE of 23.5x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have declined 17% 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-1.64%
Energy2.61%
Real Estate2.08%
Financials1.77%
Consumer Discretionary1.72%
Materials0.076%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-1.12%
Healthcare-2.28%
Telecom-2.62%
Consumer Staples-2.73%
Utilities-3.34%
Tech-4.10%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 40.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.4% which is higher than its past year's earnings decline of 22.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings decline of 38% per year.
  • In contrast, the Financials industry is expected to see its earnings growth to stay flat 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$35.406.6%
+NZ$1.3b		58.9%PE156.4xHealthcare
FCG Fonterra Co-operative GroupNZ$3.3511.3%
+NZ$546.4m		34.0%PE4.3xConsumer Staples
IFT InfratilNZ$10.981.0%
+NZ$106.3m		9.5%PE12.4xFinancials
RYM Ryman HealthcareNZ$5.012.7%
+NZ$89.1m		-24.1%PE718.9xHealthcare
BAI Being AINZ$0.077120.0%
+NZ$78.5m		n/aPS3.6xFinancials
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-9.5%

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NZ$36.00

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7D

-2.1%

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-8.9%

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NZ$9.54

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3.5%

1Y

10.9%

FCG

NZ$3.35

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34.0%

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FBU

NZ$3.00

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1Y

-38.5%

KMD

NZ$0.56

KMD Brands

7D

17.9%

1Y

-33.3%

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NZ$10.98

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9.5%

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