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New Zealand (NZX) Market Analysis & Valuation
UpdatedFeb 22, 2025
DataAggregated Company Financials
Companies110
- 7D-1.5%
- 3M-1.4%
- 1Y4.6%
- YTD-1.2%
Over the last 7 days, the market has dropped 1.5%, driven by pullbacks in the Communication Services and Healthcare sectors of 9.9% and 2.8%, respectively. In contrast, the Consumer Staples sector has actually gained 12%. In the last year, the market is actually up 4.6%. Earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Sun, 23 Feb 2025 | NZ$169.5b | NZ$113.3b | NZ$2.9b | 20.7x | 57.6x | 1.5x |
| Tue, 21 Jan 2025 | NZ$172.7b | NZ$113.6b | NZ$3.1b | 19.9x | 55x | 1.5x |
| Thu, 19 Dec 2024 | NZ$169.3b | NZ$113.6b | NZ$3.1b | 19.7x | 54.1x | 1.5x |
| Sat, 16 Nov 2024 | NZ$169.6b | NZ$113.5b | NZ$3.1b | 19.7x | 54.2x | 1.5x |
| Mon, 14 Oct 2024 | NZ$169.9b | NZ$112.9b | NZ$4.3b | 19.1x | 39.6x | 1.5x |
| Wed, 11 Sep 2024 | NZ$164.8b | NZ$112.9b | NZ$4.6b | 19.5x | 36x | 1.5x |
| Fri, 09 Aug 2024 | NZ$161.0b | NZ$110.7b | NZ$4.6b | 17.8x | 34.7x | 1.5x |
| Sun, 07 Jul 2024 | NZ$156.0b | NZ$110.7b | NZ$4.7b | 15.6x | 33.3x | 1.4x |
| Tue, 04 Jun 2024 | NZ$156.4b | NZ$110.7b | NZ$5.3b | 15.1x | 29.5x | 1.4x |
| Thu, 02 May 2024 | NZ$155.5b | NZ$110.1b | NZ$5.8b | 16.4x | 26.7x | 1.4x |
| Sat, 30 Mar 2024 | NZ$158.5b | NZ$110.0b | NZ$5.9b | 17.2x | 26.9x | 1.4x |
| Mon, 26 Feb 2024 | NZ$156.6b | NZ$111.0b | NZ$6.4b | 17.2x | 24.4x | 1.4x |
| Wed, 24 Jan 2024 | NZ$157.5b | NZ$109.4b | NZ$6.7b | 15.7x | 23.7x | 1.4x |
| Fri, 22 Dec 2023 | NZ$154.8b | NZ$109.3b | NZ$6.6b | 15.7x | 23.3x | 1.4x |
| Sun, 19 Nov 2023 | NZ$149.6b | NZ$109.1b | NZ$6.8b | 15.8x | 21.9x | 1.4x |
| Tue, 17 Oct 2023 | NZ$151.7b | NZ$109.0b | NZ$5.8b | 16.2x | 26x | 1.4x |
| Thu, 14 Sep 2023 | NZ$153.9b | NZ$110.6b | NZ$5.9b | 16.3x | 26.1x | 1.4x |
| Sat, 12 Aug 2023 | NZ$162.5b | NZ$108.4b | NZ$6.4b | 16.7x | 25.5x | 1.5x |
| Mon, 10 Jul 2023 | NZ$164.7b | NZ$108.2b | NZ$6.6b | 16.9x | 24.9x | 1.5x |
| Wed, 07 Jun 2023 | NZ$161.5b | NZ$107.9b | NZ$6.2b | 16.5x | 26x | 1.5x |
| Fri, 05 May 2023 | NZ$163.7b | NZ$107.2b | NZ$7.6b | 15x | 21.6x | 1.5x |
| Sun, 02 Apr 2023 | NZ$162.9b | NZ$107.2b | NZ$7.6b | 15.7x | 21.5x | 1.5x |
| Tue, 28 Feb 2023 | NZ$162.3b | NZ$105.1b | NZ$7.3b | 16.5x | 22.1x | 1.5x |
| Thu, 26 Jan 2023 | NZ$163.7b | NZ$100.4b | NZ$6.6b | 16.4x | 24.8x | 1.6x |
| Sat, 24 Dec 2022 | NZ$158.0b | NZ$100.1b | NZ$6.6b | 16.1x | 23.9x | 1.6x |
| Mon, 21 Nov 2022 | NZ$157.3b | NZ$100.3b | NZ$7.4b | 16x | 21.4x | 1.6x |
| Wed, 19 Oct 2022 | NZ$150.9b | NZ$99.6b | NZ$7.9b | 16.9x | 19.2x | 1.5x |
| Fri, 16 Sep 2022 | NZ$162.9b | NZ$98.1b | NZ$7.7b | 17.6x | 21.1x | 1.7x |
| Sun, 14 Aug 2022 | NZ$166.0b | NZ$96.3b | NZ$8.2b | 19x | 20.2x | 1.7x |
| Tue, 12 Jul 2022 | NZ$158.2b | NZ$96.4b | NZ$8.4b | 18.5x | 18.9x | 1.6x |
| Thu, 09 Jun 2022 | NZ$161.8b | NZ$100.6b | NZ$8.6b | 17.9x | 18.9x | 1.6x |
| Sat, 07 May 2022 | NZ$164.4b | NZ$100.7b | NZ$8.7b | 17.6x | 18.8x | 1.6x |
| Mon, 04 Apr 2022 | NZ$172.2b | NZ$100.4b | NZ$8.8b | 17.8x | 19.6x | 1.7x |
| Wed, 02 Mar 2022 | NZ$174.1b | NZ$97.9b | NZ$8.8b | 16.4x | 19.8x | 1.8x |
Price to Earnings Ratio
19.8x
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 57.8x which is higher than its 3-year average PE of 27.8x.
Past Earnings Growth
- The earnings for New Zealander listed companies have declined 30% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.1% 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 | -1.46% | |
| Consumer Staples | 12.33% | |
| Energy | 1.01% | |
| Materials | 0.91% | |
| Information Technology | 0% | 0 |
| Financials | 0% | 0 |
| Health Care | 0% | 0 |
| Industrials | 0% | 0 |
| Tech | -0.78% | |
| Consumer Discretionary | -1.18% | |
| Industrials | -1.89% | |
| Real Estate | -1.95% | |
| Utilities | -1.96% | |
| Healthcare | -2.83% | |
| Financials | -3.35% | |
| Telecom | -9.89% | |
Sector PE
- Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 37.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 22.9% which is higher than its past year's earnings decline of 22.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Financials sector, expecting annual earnings growth of 67% 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 9.3% 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 | |
|---|---|---|---|---|---|---|
| ATM a2 Milk | NZ$8.51 | 29.3% +NZ$1.4b | 37.3% | PE35.4x | Consumer Staples | |
| FCG Fonterra Co-operative Group | NZ$4.70 | 5.1% +NZ$369.0m | 104.3% | PE6.5x | Consumer Staples | |
| FBU Fletcher Building | NZ$3.34 | 5.0% +NZ$171.0m | -12.1% | PS0.5x | Industrials | |
| CNU Chorus | NZ$8.93 | 2.9% +NZ$110.6m | 12.9% | PS3.8x | Telecom | |
| SML Synlait Milk | NZ$0.91 | 18.2% +NZ$84.4m | 30.0% | PS0.3x | Consumer Staples |
