Estimating The Fair Value Of Mainfreight Limited (NZSE:MFT)
Sep 01
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New Zealand (NZX) Market Analysis & Valuation
UpdatedSep 03, 2025
DataAggregated Company Financials
Companies105
- 7D1.6%
- 3M5.8%
- 1Y4.3%
- YTD1.6%
The market has climbed 1.6% in the last 7 days, lead by the Utilities sector with a gain of 4.5%. Meanwhile, the Healthcare sector has underperformed, shrinking 3.1% in that time. In the last year, the market has climbed 4.3%. Looking forward, earnings are forecast to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Wed, 03 Sep 2025 | NZ$175.5b | NZ$115.6b | NZ$3.6b | 18x | 48.2x | 1.5x |
| Fri, 01 Aug 2025 | NZ$170.4b | NZ$115.7b | NZ$3.5b | 19.4x | 49.1x | 1.5x |
| Sun, 29 Jun 2025 | NZ$167.7b | NZ$116.0b | NZ$3.5b | 19.1x | 48.5x | 1.4x |
| Tue, 27 May 2025 | NZ$167.4b | NZ$115.3b | NZ$2.9b | 18.3x | 58.2x | 1.5x |
| Thu, 24 Apr 2025 | NZ$158.8b | NZ$115.2b | NZ$2.6b | 18.2x | 60.6x | 1.4x |
| Sat, 22 Mar 2025 | NZ$160.4b | NZ$115.3b | NZ$2.6b | 19x | 62.5x | 1.4x |
| Mon, 17 Feb 2025 | NZ$171.7b | NZ$113.7b | NZ$3.2b | 20x | 54.4x | 1.5x |
| Wed, 15 Jan 2025 | NZ$169.0b | NZ$113.6b | NZ$3.1b | 20.4x | 53.9x | 1.5x |
| Fri, 13 Dec 2024 | NZ$167.9b | NZ$113.6b | NZ$3.1b | 19.7x | 53.5x | 1.5x |
| Sun, 10 Nov 2024 | NZ$169.7b | NZ$112.9b | NZ$4.2b | 19.3x | 40.2x | 1.5x |
| Tue, 08 Oct 2024 | NZ$165.8b | NZ$112.9b | NZ$4.3b | 19.2x | 38.6x | 1.5x |
| Thu, 05 Sep 2024 | NZ$164.4b | NZ$112.9b | NZ$4.7b | 20.5x | 35.3x | 1.5x |
| Sat, 03 Aug 2024 | NZ$164.0b | NZ$110.6b | NZ$4.7b | 18x | 35.2x | 1.5x |
| Mon, 01 Jul 2024 | NZ$154.5b | NZ$109.6b | NZ$4.3b | 15x | 35.9x | 1.4x |
| Wed, 29 May 2024 | NZ$154.9b | NZ$111.0b | NZ$5.2b | 15.5x | 30x | 1.4x |
| Fri, 26 Apr 2024 | NZ$156.3b | NZ$110.1b | NZ$5.8b | 16.6x | 26.8x | 1.4x |
| Sun, 24 Mar 2024 | NZ$156.8b | NZ$109.9b | NZ$5.9b | 16.7x | 26.6x | 1.4x |
| Tue, 20 Feb 2024 | NZ$155.3b | NZ$109.4b | NZ$6.6b | 13.9x | 23.6x | 1.4x |
| Thu, 18 Jan 2024 | NZ$157.8b | NZ$109.2b | NZ$6.6b | 15.5x | 23.7x | 1.4x |
| Sat, 16 Dec 2023 | NZ$154.3b | NZ$109.3b | NZ$6.6b | 15.7x | 23.2x | 1.4x |
| Mon, 13 Nov 2023 | NZ$149.1b | NZ$108.5b | NZ$5.7b | 17.2x | 26x | 1.4x |
| Wed, 11 Oct 2023 | NZ$152.1b | NZ$109.0b | NZ$5.8b | 16.1x | 26.1x | 1.4x |
| Fri, 08 Sep 2023 | NZ$155.3b | NZ$110.6b | NZ$5.9b | 16.7x | 26.3x | 1.4x |
| Sun, 06 Aug 2023 | NZ$164.0b | NZ$108.4b | NZ$6.6b | 16.5x | 24.8x | 1.5x |
| Tue, 04 Jul 2023 | NZ$163.6b | NZ$108.3b | NZ$6.6b | 16.2x | 24.7x | 1.5x |
| Thu, 01 Jun 2023 | NZ$160.7b | NZ$108.0b | NZ$6.2b | 16.4x | 25.8x | 1.5x |
| Sat, 29 Apr 2023 | NZ$164.1b | NZ$107.3b | NZ$7.6b | 15.2x | 21.6x | 1.5x |
| Mon, 27 Mar 2023 | NZ$149.8b | NZ$106.3b | NZ$7.2b | 15.6x | 20.9x | 1.4x |
| Wed, 22 Feb 2023 | NZ$163.1b | NZ$101.2b | NZ$6.2b | 16.8x | 26.1x | 1.6x |
| Fri, 20 Jan 2023 | NZ$163.4b | NZ$100.3b | NZ$6.6b | 16.5x | 24.7x | 1.6x |
| Sun, 18 Dec 2022 | NZ$159.7b | NZ$99.9b | NZ$6.6b | 16.2x | 24.2x | 1.6x |
| Tue, 15 Nov 2022 | NZ$156.3b | NZ$100.1b | NZ$7.9b | 16.1x | 19.9x | 1.6x |
| Thu, 13 Oct 2022 | NZ$152.0b | NZ$99.8b | NZ$7.9b | 17.4x | 19.4x | 1.5x |
| Sat, 10 Sep 2022 | NZ$164.2b | NZ$98.0b | NZ$7.7b | 17.9x | 21.2x | 1.7x |
Price to Earnings Ratio
21.2x
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 48.2x which is higher than its 3-year average PE of 34.1x.
Past Earnings Growth
- The earnings for New Zealander listed companies have declined 22% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.7% 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% | |
| Energy | 4.91% | |
| Utilities | 4.47% | |
| Industrials | 3.87% | |
| Real Estate | 3.15% | |
| Telecom | 2.19% | |
| Materials | 1.96% | |
| Consumer Staples | 1.53% | |
| Consumer Discretionary | 1.27% | |
| Tech | -0.42% | |
| Financials | -0.59% | |
| Healthcare | -3.09% | |
Sector PE
- Investors favour the Utilities sector the most for future growth, which is trading above its 3-year average PE ratio of 44.0x.
- Analysts are expecting annual earnings growth of 20.9%, which is lower than the prior year's growth of 34.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 100% over the next 5 years.
- In contrast, the Industrials sector is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|---|
| MEL Meridian Energy | NZ$5.86 | 7.4% +NZ$1.1b | -5.1% | PS3.2x | Utilities | |
| MFT Mainfreight | NZ$63.25 | 7.2% +NZ$428.0m | -12.1% | PE23.2x | Industrials | |
| POT Port of Tauranga | NZ$7.40 | 7.2% +NZ$340.1m | 33.8% | PE29x | Industrials | |
| MCY Mercury NZ | NZ$6.72 | 3.5% +NZ$323.6m | 5.8% | PE9454.8x | Utilities | |
| CEN Contact Energy | NZ$9.15 | 3.4% +NZ$295.6m | 7.6% | PE27.2x | Utilities |
