Most Shareholders Will Probably Find That The CEO Compensation For Fletcher Building Limited (NZSE:FBU) Is Reasonable
Oct 20
New Zealand (NZX) Industrials Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies19
- 7D-3.6%
- 3M-11.4%
- 1Y-8.2%
- YTD-7.1%
Over the last 7 days, the Industrials industry has dropped 3.6%, driven by Mainfreight declining 7.9%. The industry has fallen 8.2% in the last year. Earnings are forecast to grow by 15% annually.
Sector Valuation and Performance
Has the New Zealand Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | NZ$38.4b | NZ$26.9b | NZ$1.8b | 18.2x | 21.8x | 1.4x |
| Wed, 27 Sep 2023 | NZ$41.1b | NZ$26.8b | NZ$1.8b | 18.6x | 23.4x | 1.5x |
| Fri, 25 Aug 2023 | NZ$41.7b | NZ$26.6b | NZ$1.7b | 17.7x | 23.9x | 1.6x |
| Sun, 23 Jul 2023 | NZ$35.2b | NZ$23.0b | NZ$1.1b | 19.3x | 32.8x | 1.5x |
| Tue, 20 Jun 2023 | NZ$35.2b | NZ$23.0b | NZ$1.1b | 19.6x | 32.8x | 1.5x |
| Thu, 18 May 2023 | NZ$35.6b | NZ$23.3b | NZ$1.1b | 17.1x | 32.3x | 1.5x |
| Sat, 15 Apr 2023 | NZ$35.4b | NZ$23.3b | NZ$1.1b | 19.1x | 32.2x | 1.5x |
| Mon, 13 Mar 2023 | NZ$35.3b | NZ$23.3b | NZ$1.1b | 18.5x | 32.1x | 1.5x |
| Wed, 08 Feb 2023 | NZ$36.7b | NZ$20.7b | NZ$763.6m | 17.7x | 48.1x | 1.8x |
| Fri, 06 Jan 2023 | NZ$34.1b | NZ$20.7b | NZ$763.6m | 17.1x | 44.7x | 1.6x |
| Sun, 04 Dec 2022 | NZ$35.0b | NZ$20.7b | NZ$763.6m | 17.9x | 45.8x | 1.7x |
| Tue, 01 Nov 2022 | NZ$35.0b | NZ$19.9b | NZ$677.4m | 21x | 51.7x | 1.8x |
| Thu, 29 Sep 2022 | NZ$33.0b | NZ$19.9b | NZ$673.8m | 21.6x | 49x | 1.7x |
| Sat, 27 Aug 2022 | NZ$35.3b | NZ$19.9b | NZ$677.7m | 22.3x | 52x | 1.8x |
| Mon, 25 Jul 2022 | NZ$33.2b | NZ$19.2b | NZ$1.0b | 20.6x | 32x | 1.7x |
| Wed, 22 Jun 2022 | NZ$31.8b | NZ$19.2b | NZ$1.0b | 20x | 30.7x | 1.7x |
| Fri, 20 May 2022 | NZ$34.1b | NZ$18.2b | NZ$931.0m | 23.8x | 36.7x | 1.9x |
| Sun, 17 Apr 2022 | NZ$34.9b | NZ$18.2b | NZ$931.0m | 25.1x | 37.5x | 1.9x |
| Tue, 15 Mar 2022 | NZ$34.1b | NZ$18.1b | NZ$931.1m | 23.3x | 36.6x | 1.9x |
| Thu, 10 Feb 2022 | NZ$36.6b | NZ$18.1b | NZ$968.1m | 17.1x | 37.8x | 2x |
| Sat, 08 Jan 2022 | NZ$38.4b | NZ$18.1b | NZ$968.1m | 20.8x | 39.7x | 2.1x |
| Mon, 06 Dec 2021 | NZ$38.0b | NZ$18.1b | NZ$968.1m | 28.8x | 39.3x | 2.1x |
| Wed, 03 Nov 2021 | NZ$38.4b | NZ$17.4b | NZ$916.3m | 19.1x | 41.9x | 2.2x |
| Fri, 01 Oct 2021 | NZ$39.1b | NZ$17.4b | NZ$910.0m | 28.4x | 43x | 2.2x |
| Sun, 29 Aug 2021 | NZ$37.6b | NZ$17.5b | NZ$905.1m | 26.5x | 41.5x | 2.2x |
| Mon, 05 Jul 2021 | NZ$36.2b | NZ$17.5b | NZ$905.1m | 24.3x | 40x | 2.1x |
| Thu, 08 Apr 2021 | NZ$36.2b | NZ$17.3b | NZ$307.4m | 33.5x | 117.7x | 2.1x |
| Sun, 10 Jan 2021 | NZ$34.4b | NZ$17.0b | -NZ$347,281,408.00 | 32.3x | -99.1x | 2x |
Price to Earnings Ratio
-106.8x
Current Industry PE
- Investors are pessimistic on the New Zealander Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 21.8x which is lower than its 3-year average PE of 24.6x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- Total earnings for the Industrials industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the New Zealand Industrials sector?
| NZ Market | -2.02% | |
| Industrials | -3.56% | |
| Electrical | 8.20% | |
| Building | 0.72% | |
| Machinery | 0.40% | |
| Aerospace & Defense | 0% | |
| Construction | 0% | |
| Trade Distributors | 0% | |
| Marine and Shipping | 0% | |
| Professional Services | -1.28% | |
| Industrials | -1.87% | |
| Commercial Services | -3.08% | |
| Transportation | -3.80% | |
| Infrastructure | -3.99% | |
| Airlines | -4.41% | |
| Logistics | -6.80% | |
Industry PE
- Investors are most optimistic about the Professional Services industry which is trading above its 3-year average PE ratio of 19.7x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 16% per year.
- In contrast, the Airlines industry is expected to see its earnings decline by 2.5% 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 | |
|---|---|---|---|---|---|
| SCT Scott Technology | NZ$3.66 | 3.1% +NZ$8.9m | 30.2% | PE19.1x | |
| AOF AoFrio | NZ$0.066 | 8.2% +NZ$2.2m | -52.9% | PE11.6x | |
| MPG Metro Performance Glass | NZ$0.14 | 7.4% +NZ$1.9m | -34.1% | PS0.1x |
