An Intrinsic Calculation For EBOS Group Limited (NZSE:EBO) Suggests It's 22% Undervalued
Sep 15
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New Zealand (NZX) Market Analysis & Valuation
UpdatedSep 17, 2024
DataAggregated Company Financials
Companies112
- 7D0.3%
- 3M6.3%
- 1Y6.3%
- YTD4.4%
Over the last 7 days, the market has remained flat, although notably the Materials sector declined by 4.8%. As for the longer term, the market has risen 6.3% in the past 12 months. Looking forward, earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Tue, 17 Sep 2024 | NZ$165.2b | NZ$113.0b | NZ$4.6b | 19.4x | 36.1x | 1.5x |
| Thu, 15 Aug 2024 | NZ$165.4b | NZ$110.8b | NZ$4.8b | 18.7x | 34.7x | 1.5x |
| Sat, 13 Jul 2024 | NZ$160.0b | NZ$110.9b | NZ$4.7b | 16.5x | 34.2x | 1.4x |
| Mon, 10 Jun 2024 | NZ$155.7b | NZ$109.4b | NZ$4.3b | 15.3x | 36.1x | 1.4x |
| Wed, 08 May 2024 | NZ$154.2b | NZ$110.1b | NZ$5.8b | 15.9x | 26.5x | 1.4x |
| Fri, 05 Apr 2024 | NZ$158.1b | NZ$110.0b | NZ$5.8b | 17.6x | 27.1x | 1.4x |
| Sun, 03 Mar 2024 | NZ$156.1b | NZ$111.2b | NZ$5.8b | 17.2x | 27.1x | 1.4x |
| Tue, 30 Jan 2024 | NZ$158.8b | NZ$109.3b | NZ$6.6b | 15.7x | 23.9x | 1.5x |
| Thu, 28 Dec 2023 | NZ$156.4b | NZ$109.3b | NZ$6.6b | 15.7x | 23.5x | 1.4x |
| Sat, 25 Nov 2023 | NZ$150.2b | NZ$109.2b | NZ$6.6b | 15.6x | 22.8x | 1.4x |
| Mon, 23 Oct 2023 | NZ$147.9b | NZ$109.2b | NZ$5.8b | 16.5x | 25.4x | 1.4x |
| Wed, 20 Sep 2023 | NZ$153.6b | NZ$110.7b | NZ$5.9b | 16x | 26x | 1.4x |
| Fri, 18 Aug 2023 | NZ$160.2b | NZ$108.0b | NZ$6.4b | 16.4x | 25.2x | 1.5x |
| Sun, 16 Jul 2023 | NZ$164.5b | NZ$108.2b | NZ$6.6b | 17x | 24.9x | 1.5x |
| Tue, 13 Jun 2023 | NZ$157.9b | NZ$108.0b | NZ$6.2b | 15.8x | 25.4x | 1.5x |
| Thu, 11 May 2023 | NZ$164.2b | NZ$107.2b | NZ$7.6b | 15.1x | 21.6x | 1.5x |
| Sat, 08 Apr 2023 | NZ$162.6b | NZ$107.2b | NZ$7.6b | 15.6x | 21.4x | 1.5x |
| Mon, 06 Mar 2023 | NZ$163.3b | NZ$105.0b | NZ$7.4b | 16.5x | 22.1x | 1.6x |
| Wed, 01 Feb 2023 | NZ$164.3b | NZ$100.4b | NZ$6.6b | 16.8x | 24.9x | 1.6x |
| Fri, 30 Dec 2022 | NZ$158.7b | NZ$100.1b | NZ$6.6b | 15.9x | 24x | 1.6x |
| Sun, 27 Nov 2022 | NZ$157.0b | NZ$100.4b | NZ$7.0b | 16.1x | 22.4x | 1.6x |
| Tue, 25 Oct 2022 | NZ$150.3b | NZ$99.5b | NZ$7.9b | 16.7x | 19.1x | 1.5x |
| Thu, 22 Sep 2022 | NZ$160.8b | NZ$98.3b | NZ$7.7b | 17.6x | 20.8x | 1.6x |
| Sat, 20 Aug 2022 | NZ$165.3b | NZ$96.8b | NZ$7.9b | 18.5x | 20.8x | 1.7x |
| Mon, 18 Jul 2022 | NZ$157.9b | NZ$96.4b | NZ$8.4b | 18.5x | 18.9x | 1.6x |
| Wed, 15 Jun 2022 | NZ$151.6b | NZ$96.4b | NZ$8.4b | 17.9x | 18.1x | 1.6x |
| Fri, 13 May 2022 | NZ$161.5b | NZ$100.6b | NZ$8.7b | 17x | 18.5x | 1.6x |
| Sun, 10 Apr 2022 | NZ$171.3b | NZ$100.2b | NZ$8.8b | 18.5x | 19.5x | 1.7x |
| Tue, 08 Mar 2022 | NZ$173.5b | NZ$99.3b | NZ$8.8b | 16.7x | 19.8x | 1.7x |
| Thu, 03 Feb 2022 | NZ$172.2b | NZ$98.3b | NZ$9.0b | 17.2x | 19.2x | 1.8x |
| Sat, 01 Jan 2022 | NZ$184.9b | NZ$98.2b | NZ$9.0b | 19.5x | 20.6x | 1.9x |
| Mon, 29 Nov 2021 | NZ$177.9b | NZ$98.0b | NZ$9.0b | 19.8x | 19.9x | 1.8x |
| Wed, 27 Oct 2021 | NZ$183.9b | NZ$96.1b | NZ$8.0b | 22x | 23x | 1.9x |
| Fri, 24 Sep 2021 | NZ$186.4b | NZ$95.0b | NZ$8.0b | 22.1x | 23.2x | 2x |
Price to Earnings Ratio
23.2x
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 36.1x which is higher than its 3-year average PE of 23.8x.
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 5.9% 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 | 0.29% | |
| Healthcare | 2.09% | |
| Consumer Discretionary | 1.40% | |
| Financials | 0.86% | |
| Consumer Staples | 0.30% | |
| Real Estate | 0.023% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Utilities | -0.067% | |
| Energy | -0.58% | |
| Industrials | -0.81% | |
| Telecom | -1.55% | |
| Tech | -2.30% | |
| Materials | -4.76% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 32.8x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 22.2% which is higher than its past year's earnings decline of 23.4% 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 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?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| FPH Fisher & Paykel Healthcare | NZ$38.03 | 1.6% +NZ$351.7m | 73.6% | PE168.1x | Healthcare | |
| MEL Meridian Energy | NZ$6.16 | 2.2% +NZ$349.5m | 15.4% | PE37.2x | Utilities | |
| MNW Manawa Energy | NZ$5.10 | 26.6% +NZ$334.9m | 15.4% | PE68.4x | Utilities | |
| IFT Infratil | NZ$12.30 | 2.1% +NZ$241.6m | 20.1% | PE13.9x | Financials | |
| EBO EBOS Group | NZ$36.20 | 2.0% +NZ$135.6m | 3.4% | PE23.7x | Healthcare |
