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New Zealand (NZX) Market Analysis & Valuation

UpdatedFeb 02, 2025
DataAggregated Company Financials
Companies110
  • 7D0.1%
  • 3M3.0%
  • 1Y5.2%
  • YTD0.1%

The Materials sector gained 4.4% while the market remained flat over the last week. As for the longer term, the market has risen 5.2% in the past 12 months. As for the next few years, earnings are expected to grow by 24% per annum.

Trending IndustriesSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 02 Feb 2025NZ$171.3bNZ$113.6bNZ$3.2b20.2x54.4x1.5x
Tue, 31 Dec 2024NZ$172.5bNZ$113.6bNZ$3.1b20.1x55.1x1.5x
Thu, 28 Nov 2024NZ$173.1bNZ$113.3bNZ$3.1b20.3x56.1x1.5x
Sat, 26 Oct 2024NZ$170.2bNZ$112.8bNZ$4.3b19.4x39.7x1.5x
Mon, 23 Sep 2024NZ$162.7bNZ$113.0bNZ$4.6b19x35.6x1.4x
Wed, 21 Aug 2024NZ$165.0bNZ$111.6bNZ$5.0b20x33.3x1.5x
Fri, 19 Jul 2024NZ$162.9bNZ$110.8bNZ$4.7b16.5x34.8x1.5x
Sun, 16 Jun 2024NZ$155.8bNZ$109.5bNZ$4.3b14.9x36.2x1.4x
Tue, 14 May 2024NZ$152.6bNZ$110.1bNZ$5.8b15.3x26.2x1.4x
Thu, 11 Apr 2024NZ$157.1bNZ$110.0bNZ$5.8b17.1x27x1.4x
Sat, 09 Mar 2024NZ$156.4bNZ$111.1bNZ$5.8b17.2x27.2x1.4x
Mon, 05 Feb 2024NZ$158.5bNZ$109.2bNZ$6.6b15.6x23.9x1.5x
Wed, 03 Jan 2024NZ$157.6bNZ$109.3bNZ$6.6b15.8x23.7x1.4x
Fri, 01 Dec 2023NZ$150.4bNZ$109.1bNZ$6.7b15.6x22.6x1.4x
Sun, 29 Oct 2023NZ$144.9bNZ$109.3bNZ$5.8b16.2x24.8x1.3x
Tue, 26 Sep 2023NZ$153.7bNZ$109.4bNZ$5.9b16.4x26.1x1.4x
Thu, 24 Aug 2023NZ$158.3bNZ$109.1bNZ$6.0b16.6x26.5x1.5x
Sat, 22 Jul 2023NZ$163.3bNZ$108.4bNZ$6.6b16.7x24.6x1.5x
Mon, 19 Jun 2023NZ$161.0bNZ$108.5bNZ$6.6b16x24.3x1.5x
Wed, 17 May 2023NZ$163.3bNZ$107.4bNZ$7.6b15.4x21.4x1.5x
Fri, 14 Apr 2023NZ$163.1bNZ$107.4bNZ$7.6b15.6x21.5x1.5x
Sun, 12 Mar 2023NZ$160.9bNZ$104.8bNZ$7.3b16.1x22x1.5x
Tue, 07 Feb 2023NZ$167.1bNZ$100.4bNZ$6.6b16.8x25.3x1.7x
Thu, 05 Jan 2023NZ$158.8bNZ$100.4bNZ$6.6b15.9x24x1.6x
Sat, 03 Dec 2022NZ$160.0bNZ$100.1bNZ$6.9b16.5x23.2x1.6x
Mon, 31 Oct 2022NZ$154.8bNZ$99.5bNZ$7.9b16.5x19.7x1.6x
Wed, 28 Sep 2022NZ$156.8bNZ$99.9bNZ$7.9b17.3x19.9x1.6x
Fri, 26 Aug 2022NZ$163.9bNZ$96.9bNZ$7.8b18.1x21.1x1.7x
Sun, 24 Jul 2022NZ$159.4bNZ$96.4bNZ$8.3b18.7x19.1x1.7x
Tue, 21 Jun 2022NZ$150.7bNZ$96.3bNZ$8.4b17.5x18x1.6x
Thu, 19 May 2022NZ$161.6bNZ$100.0bNZ$8.7b17.3x18.5x1.6x
Sat, 16 Apr 2022NZ$168.8bNZ$100.5bNZ$8.7b18.4x19.3x1.7x
Mon, 14 Mar 2022NZ$168.7bNZ$99.3bNZ$8.8b16.4x19.2x1.7x
Wed, 09 Feb 2022NZ$175.6bNZ$98.3bNZ$9.0b19.2x19.6x1.8x
Price to Earnings Ratio

19.6x


Total Market Cap: NZ$175.6bTotal Earnings: NZ$9.0bTotal Revenue: NZ$98.3bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Market Price to Earnings3Y Average 27.1x202320242025
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 54.4x which is higher than its 3-year average PE of 27.1x.
Past Earnings Growth
  • The earnings for New Zealander listed companies have declined 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.9% 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 Market0.12%
Materials4.43%
Tech2.63%
Real Estate1.21%
Utilities0.60%
Consumer Discretionary0.46%
Healthcare0.37%
Telecom0.21%
Industrials0.11%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Consumer Staples-0.52%
Energy-1.55%
Financials-2.90%
Sector PE
  • Investors favour the Consumer Discretionary sector the most for future growth, which is trading above its 3-year average PE ratio of 382x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 24.1% which is higher than its past year's earnings decline of 6.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 69% over the next 5 years.
  • This is better than its past earnings growth rate of 41% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 8.7% 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
EBO EBOS GroupNZ$40.007.4%
+NZ$537.3m		8.1%PE26xHealthcare
MCY Mercury NZNZ$6.314.6%
+NZ$391.9m		-5.1%PE30.5xUtilities
POT Port of TaurangaNZ$6.503.7%
+NZ$156.5m		19.5%PE48.7xIndustrials
MEL Meridian EnergyNZ$5.900.7%
+NZ$104.3m		6.9%PE35.8xUtilities
MFT MainfreightNZ$72.001.2%
+NZ$88.6m		2.1%PE36.5xIndustrials
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EBO

NZ$40.00

EBOS Group

7D

7.4%

1Y

8.1%

GTK

NZ$12.71

Gentrack Group

7D

5.1%

1Y

88.6%

MEL

NZ$5.90

Meridian Energy

7D

0.7%

1Y

6.9%

There's Reason For Concern Over Meridian Energy Limited's (NZSE:MEL) Price

Jan 25
There's Reason For Concern Over Meridian Energy Limited's (NZSE:MEL) Price

MCY

NZ$6.31

Mercury NZ

7D

4.6%

1Y

-5.1%

POT

NZ$6.50

Port of Tauranga

7D

3.7%

1Y

19.5%

Port of Tauranga (NZSE:POT) Might Be Having Difficulty Using Its Capital Effectively

Jan 20
Port of Tauranga (NZSE:POT) Might Be Having Difficulty Using Its Capital Effectively

VCT

NZ$3.94

Vector

7D

2.1%

1Y

4.8%

Vector Limited (NZSE:VCT) Not Flying Under The Radar

Jan 17
Vector Limited (NZSE:VCT) Not Flying Under The Radar

ATM

NZ$6.44

a2 Milk

7D

-1.1%

1Y

20.4%

FBU

NZ$2.86

Fletcher Building

7D

-1.4%

1Y

-37.0%

AIA

NZ$8.64

Auckland International Airport

7D

-1.6%

1Y

1.4%

MFT

NZ$72.00

Mainfreight

7D

1.2%

1Y

2.1%

Why Investors Shouldn't Be Surprised By Mainfreight Limited's (NZSE:MFT) P/E

Jan 01
Why Investors Shouldn't Be Surprised By Mainfreight Limited's (NZSE:MFT) P/E

CEN

NZ$9.30

Contact Energy

7D

-3.1%

1Y

13.7%

Here's Why Contact Energy (NZSE:CEN) Can Manage Its Debt Responsibly

Dec 19
Here's Why Contact Energy (NZSE:CEN) Can Manage Its Debt Responsibly

GNE

NZ$2.20

Genesis Energy

7D

-3.9%

1Y

-14.4%

FPH

NZ$37.60

Fisher & Paykel Healthcare

7D

-2.1%

1Y

54.4%

GMT

NZ$2.09

Goodman Property Trust

7D

1.7%

1Y

-4.4%

FCG

NZ$4.45

Fonterra Co-operative Group

7D

-1.1%

1Y

103.2%

Here's Why Fonterra Co-operative Group (NZSE:FCG) Has A Meaningful Debt Burden

Dec 06
Here's Why Fonterra Co-operative Group (NZSE:FCG) Has A Meaningful Debt Burden

IFT

NZ$11.21

Infratil

7D

-3.9%

1Y

6.8%