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New Zealand (NZX) Financials Sector Analysis

UpdatedMay 18, 2024
DataAggregated Company Financials
Companies9
  • 7D-1.6%
  • 3M-9.7%
  • 1Y-19.5%
  • YTD-12.6%

In the last week, the Financials industry is down 1.6% with Being AI down the most at 6.2%. However, the industry is down 19% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.

Sector Valuation and Performance

Has the New Zealand Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024NZ$2.3bNZ$964.7mNZ$158.1m12.9x14.7x2.4x
Tue, 16 Apr 2024NZ$2.2bNZ$964.7mNZ$158.1m11.4x14.2x2.3x
Thu, 14 Mar 2024NZ$2.1bNZ$964.7mNZ$158.1m10.8x13.4x2.2x
Sat, 10 Feb 2024NZ$2.1bNZ$951.6mNZ$147.6m12.9x14.5x2.3x
Mon, 08 Jan 2024NZ$3.9bNZ$1.3bNZ$184.4m18.7x21x3x
Wed, 06 Dec 2023NZ$3.9bNZ$1.3bNZ$184.4m18.5x21.3x3x
Fri, 03 Nov 2023NZ$3.9bNZ$1.3bNZ$191.3m18.6x20.4x3.1x
Sun, 01 Oct 2023NZ$4.1bNZ$1.3bNZ$191.3m19.1x21.5x3.3x
Tue, 29 Aug 2023NZ$4.1bNZ$1.3bNZ$191.7m21.8x21.3x3.2x
Thu, 27 Jul 2023NZ$4.0bNZ$1.2bNZ$168.5m27.4x24x3.3x
Sat, 24 Jun 2023NZ$3.8bNZ$1.2bNZ$168.5m25.8x22.7x3.1x
Mon, 22 May 2023NZ$3.7bNZ$1.2bNZ$177.4m13x21x3.2x
Wed, 19 Apr 2023NZ$3.7bNZ$1.2bNZ$177.8m13.7x21x3.2x
Fri, 17 Mar 2023NZ$1.8bNZ$772.8mNZ$135.0m11.6x13.2x2.3x
Sun, 12 Feb 2023NZ$2.0bNZ$758.5mNZ$134.4m13.5x14.7x2.6x
Tue, 10 Jan 2023NZ$2.0bNZ$758.5mNZ$134.4m13.4x14.7x2.6x
Thu, 08 Dec 2022NZ$2.0bNZ$758.5mNZ$134.4m13.6x14.7x2.6x
Sat, 05 Nov 2022NZ$1.9bNZ$739.3mNZ$127.8m12.7x14.6x2.5x
Mon, 03 Oct 2022NZ$1.8bNZ$739.3mNZ$127.8m12.3x14.4x2.5x
Wed, 31 Aug 2022NZ$1.9bNZ$739.3mNZ$127.8m12.7x14.9x2.6x
Fri, 29 Jul 2022NZ$2.1bNZ$769.4mNZ$169.4m17.1x12.3x2.7x
Sun, 26 Jun 2022NZ$2.0bNZ$769.3mNZ$169.0m15.1x12.1x2.7x
Tue, 24 May 2022NZ$2.2bNZ$759.1mNZ$177.7m14.1x12.7x3x
Thu, 21 Apr 2022NZ$2.4bNZ$759.1mNZ$177.7m14.8x13.2x3.1x
Sat, 19 Mar 2022NZ$2.3bNZ$759.1mNZ$177.7m14.8x13x3x
Mon, 14 Feb 2022NZ$2.5bNZ$778.6mNZ$197.6m16.1x12.9x3.3x
Wed, 12 Jan 2022NZ$2.7bNZ$778.6mNZ$197.6m8.7x13.5x3.4x
Fri, 10 Dec 2021NZ$2.5bNZ$778.6mNZ$197.6m19.9x12.8x3.2x
Sun, 07 Nov 2021NZ$2.5bNZ$764.9mNZ$187.6m22.7x13.1x3.2x
Tue, 05 Oct 2021NZ$2.5bNZ$764.9mNZ$187.6m22.9x13.2x3.2x
Thu, 02 Sep 2021NZ$2.5bNZ$764.9mNZ$187.6m23.6x13.4x3.3x
Sat, 31 Jul 2021NZ$2.4bNZ$764.9mNZ$187.6m23.4x12.7x3.1x
Price to Earnings Ratio

14.2x


Total Market Cap: NZ$2.4bTotal Earnings: NZ$166.3mTotal Revenue: NZ$736.6mTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Financials Sector Price to Earnings3Y Average 15.9x202220232024
Current Industry PE
  • Investors are relatively neutral on the New Zealander Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.0x.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 9.4% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the New Zealand Financials sector?

NZ Market0.062%
Financials-1.55%
Mortgage Finance0%
Mortgage REITs0%
Banks-1.00%
Insurance-1.25%
Capital Markets-1.76%
Diversified Financial-2.72%
Consumer Finance-3.70%
Industry PE
  • Investors are most optimistic about the Insurance industry which is trading above its 3-year average PE ratio of 36.4x.
    • Analysts are expecting annual earnings growth of 46.6%, which is higher than its past year's earnings decline of 86.5% per year.
  • Investors are most pessimistic about the Consumer Finance industry, which is trading close to its 3-year average of 7.8x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance industry, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings decline of 87% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MLN Marlin GlobalNZ$1.012.0%
+NZ$4.3m		13.5%PE4.8x
GEN General CapitalNZ$0.082.6%
+NZ$727.2k		23.1%PE12.9x
RTO RTONZ$0.00433.3%
+NZ$673.8k		33.3%PS3702x
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