Is Mercury NZ (NZSE:MCY) A Risky Investment?
May 28
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New Zealand (NZX) Market Analysis & Valuation
UpdatedMay 29, 2025
DataAggregated Company Financials
Companies107
- 7D-2.6%
- 3M-1.8%
- 1Y3.9%
- YTD-4.8%
Over the last 7 days, the market has dropped 2.6%, driven by a decline of 3.8% in the Utilities sector. In the last year, the market is actually up 3.9%. As for the next few years, earnings are expected to grow by 25% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 30 May 2025 | NZ$165.1b | NZ$115.6b | NZ$3.3b | 18.9x | 50.1x | 1.4x |
| Sun, 27 Apr 2025 | NZ$160.2b | NZ$115.2b | NZ$2.6b | 18.2x | 61.1x | 1.4x |
| Tue, 25 Mar 2025 | NZ$160.6b | NZ$115.4b | NZ$2.5b | 18.7x | 63x | 1.4x |
| Thu, 20 Feb 2025 | NZ$173.0b | NZ$114.3b | NZ$3.2b | 20.4x | 54.8x | 1.5x |
| Sat, 18 Jan 2025 | NZ$171.0b | NZ$113.7b | NZ$3.1b | 20.5x | 54.4x | 1.5x |
| Mon, 16 Dec 2024 | NZ$167.6b | NZ$113.6b | NZ$3.1b | 19.7x | 53.4x | 1.5x |
| Wed, 13 Nov 2024 | NZ$170.6b | NZ$112.9b | NZ$4.2b | 19.6x | 40.4x | 1.5x |
| Fri, 11 Oct 2024 | NZ$168.1b | NZ$112.9b | NZ$4.3b | 19.3x | 39.2x | 1.5x |
| Sun, 08 Sep 2024 | NZ$164.8b | NZ$112.9b | NZ$4.7b | 20.1x | 35.4x | 1.5x |
| Tue, 06 Aug 2024 | NZ$161.8b | NZ$110.5b | NZ$4.7b | 17.7x | 34.7x | 1.5x |
| Thu, 04 Jul 2024 | NZ$155.9b | NZ$109.6b | NZ$4.3b | 15.1x | 36.2x | 1.4x |
| Sat, 01 Jun 2024 | NZ$151.9b | NZ$110.8b | NZ$5.3b | 14.9x | 28.7x | 1.4x |
| Mon, 29 Apr 2024 | NZ$154.9b | NZ$110.1b | NZ$5.8b | 17x | 26.6x | 1.4x |
| Wed, 27 Mar 2024 | NZ$157.2b | NZ$109.9b | NZ$5.9b | 17.1x | 26.6x | 1.4x |
| Fri, 23 Feb 2024 | NZ$154.7b | NZ$110.3b | NZ$6.5b | 15x | 23.9x | 1.4x |
| Sun, 21 Jan 2024 | NZ$156.0b | NZ$109.3b | NZ$6.7b | 15.7x | 23.5x | 1.4x |
| Tue, 19 Dec 2023 | NZ$154.7b | NZ$109.3b | NZ$6.6b | 15.9x | 23.3x | 1.4x |
| Thu, 16 Nov 2023 | NZ$149.8b | NZ$108.6b | NZ$5.7b | 17x | 26.5x | 1.4x |
| Sat, 14 Oct 2023 | NZ$151.7b | NZ$109.0b | NZ$5.8b | 16.2x | 26x | 1.4x |
| Mon, 11 Sep 2023 | NZ$154.1b | NZ$110.6b | NZ$5.9b | 16.7x | 26.1x | 1.4x |
| Wed, 09 Aug 2023 | NZ$162.9b | NZ$108.3b | NZ$6.6b | 17.2x | 24.8x | 1.5x |
| Fri, 07 Jul 2023 | NZ$164.3b | NZ$108.2b | NZ$6.6b | 16.7x | 24.8x | 1.5x |
| Sun, 04 Jun 2023 | NZ$161.7b | NZ$108.1b | NZ$6.2b | 16.1x | 26x | 1.5x |
| Tue, 02 May 2023 | NZ$163.9b | NZ$107.3b | NZ$7.6b | 15.1x | 21.6x | 1.5x |
| Thu, 30 Mar 2023 | NZ$160.9b | NZ$107.2b | NZ$7.5b | 15.6x | 21.5x | 1.5x |
| Sat, 25 Feb 2023 | NZ$163.9b | NZ$105.4b | NZ$6.8b | 16.4x | 24x | 1.6x |
| Mon, 23 Jan 2023 | NZ$164.2b | NZ$100.2b | NZ$6.6b | 16.2x | 24.8x | 1.6x |
| Wed, 21 Dec 2022 | NZ$157.4b | NZ$100.0b | NZ$6.6b | 15.8x | 23.8x | 1.6x |
| Fri, 18 Nov 2022 | NZ$155.6b | NZ$100.4b | NZ$7.9b | 16.1x | 19.7x | 1.5x |
| Sun, 16 Oct 2022 | NZ$151.7b | NZ$99.7b | NZ$7.9b | 17.4x | 19.3x | 1.5x |
| Tue, 13 Sep 2022 | NZ$164.9b | NZ$98.1b | NZ$7.7b | 17.8x | 21.3x | 1.7x |
| Thu, 11 Aug 2022 | NZ$166.3b | NZ$96.4b | NZ$8.3b | 18.7x | 19.9x | 1.7x |
| Sat, 09 Jul 2022 | NZ$158.7b | NZ$96.4b | NZ$8.4b | 18.4x | 19x | 1.6x |
| Mon, 06 Jun 2022 | NZ$164.1b | NZ$100.6b | NZ$8.6b | 18.9x | 19.1x | 1.6x |
Price to Earnings Ratio
19.1x
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 50.1x which is higher than its 3-year average PE of 31.6x.
Past Earnings Growth
- The earnings for New Zealander listed companies have declined 27% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.8% 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 | -2.61% | |
| Materials | 3.01% | |
| Energy | 2.48% | |
| Tech | 1.68% | |
| Consumer Discretionary | 0.097% | |
| Real Estate | 0.069% | |
| Telecom | -0.12% | |
| Consumer Staples | -1.95% | |
| Industrials | -2.05% | |
| Healthcare | -2.88% | |
| Utilities | -3.81% | |
| Financials | -6.77% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 40.9x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 20.5% which is higher than its past year's earnings decline of 38.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 85% over the next 5 years.
- In contrast, the Energy sector is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|---|
| ERD EROAD | NZ$1.42 | 56.0% +NZ$95.4m | 37.9% | PE189.7x | Tech | |
| MFT Mainfreight | NZ$67.00 | 1.0% +NZ$64.4m | -2.5% | PE34x | Industrials | |
| GTK Gentrack Group | NZ$11.80 | 3.2% +NZ$39.9m | 21.0% | PE111.5x | Tech | |
| VHP Vital Healthcare Property Trust | NZ$1.87 | 2.5% +NZ$30.5m | -2.6% | PB0.7x | Real Estate | |
| CDI CDL Investments New Zealand | NZ$0.88 | 11.4% +NZ$26.3m | 26.6% | PE16.7x | Real Estate |
