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New Zealand (NZX) Utilities Sector Analysis

UpdatedMay 19, 2024
DataAggregated Company Financials
Companies7
  • 7D-0.3%
  • 3M1.5%
  • 1Y3.1%
  • YTD4.9%

The Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 3.1% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 May 2024NZ$39.2bNZ$13.6bNZ$669.6m40.1x58.6x2.9x
Tue, 16 Apr 2024NZ$38.6bNZ$13.6bNZ$669.6m41.5x57.6x2.8x
Thu, 14 Mar 2024NZ$38.5bNZ$13.6bNZ$669.6m42.2x57.5x2.8x
Sat, 10 Feb 2024NZ$38.5bNZ$12.1bNZ$738.8m42.5x52.1x3.2x
Mon, 08 Jan 2024NZ$37.9bNZ$12.1bNZ$738.8m41.8x51.2x3.1x
Wed, 06 Dec 2023NZ$35.8bNZ$12.1bNZ$738.8m40.4x48.5x3x
Fri, 03 Nov 2023NZ$35.1bNZ$12.1bNZ$723.2m41.3x48.5x2.9x
Sun, 01 Oct 2023NZ$36.1bNZ$12.1bNZ$723.2m42.7x49.9x3x
Tue, 29 Aug 2023NZ$37.1bNZ$12.4bNZ$1.1b27.3x32.5x3x
Thu, 27 Jul 2023NZ$47.3bNZ$14.7bNZ$1.7b27.1x28.5x3.2x
Sat, 24 Jun 2023NZ$46.4bNZ$14.7bNZ$1.7b26.3x28x3.2x
Mon, 22 May 2023NZ$44.9bNZ$14.0bNZ$1.4b28.1x31.3x3.2x
Wed, 19 Apr 2023NZ$43.4bNZ$13.8bNZ$1.4b29.8x31.6x3.1x
Fri, 17 Mar 2023NZ$42.7bNZ$13.8bNZ$1.4b29.7x31.1x3.1x
Sun, 12 Feb 2023NZ$44.3bNZ$13.9bNZ$1.6b29x27.4x3.2x
Tue, 10 Jan 2023NZ$42.5bNZ$13.9bNZ$1.6b28.5x26.3x3.1x
Thu, 08 Dec 2022NZ$41.2bNZ$13.9bNZ$1.6b27.3x25.5x3x
Sat, 05 Nov 2022NZ$41.1bNZ$13.6bNZ$1.6b21.7x25.1x3x
Mon, 03 Oct 2022NZ$41.2bNZ$13.6bNZ$1.6b21.2x25.1x3x
Wed, 31 Aug 2022NZ$43.4bNZ$13.6bNZ$1.6b23.1x26.5x3.2x
Fri, 29 Jul 2022NZ$41.6bNZ$14.5bNZ$1.5b22.4x28.6x2.9x
Sun, 26 Jun 2022NZ$39.4bNZ$14.5bNZ$1.5b22.1x27.1x2.7x
Tue, 24 May 2022NZ$41.3bNZ$14.5bNZ$1.5b22.8x28.4x2.8x
Thu, 21 Apr 2022NZ$42.7bNZ$15.7bNZ$1.4b21.2x30.7x2.7x
Sat, 19 Mar 2022NZ$42.0bNZ$15.7bNZ$1.4b19.5x30.2x2.7x
Mon, 14 Feb 2022NZ$41.5bNZ$15.8bNZ$1.1b33.6x38.8x2.6x
Wed, 12 Jan 2022NZ$41.9bNZ$15.8bNZ$1.1bn/a39.2x2.7x
Fri, 10 Dec 2021NZ$42.0bNZ$15.8bNZ$1.1b20.8x39.3x2.7x
Sun, 07 Nov 2021NZ$42.6bNZ$15.4bNZ$896.3m58.5x47.5x2.8x
Tue, 05 Oct 2021NZ$44.0bNZ$15.4bNZ$896.3m63x49.1x2.9x
Thu, 02 Sep 2021NZ$44.6bNZ$15.4bNZ$896.3m64.4x49.8x2.9x
Sat, 31 Jul 2021NZ$44.2bNZ$15.4bNZ$896.3m63.9x49.3x2.9x
Price to Earnings Ratio

54.4x


Total Market Cap: NZ$44.3bTotal Earnings: NZ$814.7mTotal Revenue: NZ$14.4bTotal Market Cap vs Earnings and Revenue0%0%0%
New Zealand Utilities Sector Price to Earnings3Y Average 38.6x202220232024
Current Industry PE
  • Investors are optimistic on the New Zealander Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 58.6x which is higher than its 3-year average PE of 38.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have declined 6.3% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

NZ Market0.062%
Utilities-0.28%
Electric Utilities0.32%
Other Utilities0.27%
Gas Utilities0%
Water Utilities0%
Renewable Energy-1.16%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 64.4x.
    • Analysts are expecting annual earnings growth of 27.1%, which is higher than its past year's earnings decline of 83.2% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading below its 3-year average of 43.1x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 83% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 11% 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
MCY Mercury NZNZ$6.450.7%
+NZ$62.7m		-0.8%PE236.4x
MNW Manawa EnergyNZ$4.353.6%
+NZ$46.9m		-9.4%PE12.1x
VCT VectorNZ$3.650.3%
+NZ$10.0m		-9.2%PE53x
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