New Zealand (NZX) Tech Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies12
- 7D-4.2%
- 3M-13.7%
- 1Y6.6%
- YTD10.4%
Over the last 7 days, the Tech industry has dropped 4.2%, driven by Serko declining 7.9%. In contrast, Black Pearl Group has gained 8.9%. In the past year, the industry has gained 6.6%. Earnings are forecast to grow by 52% annually.
Sector Valuation and Performance
Has the New Zealand Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | NZ$1.8b | NZ$797.6m | -NZ$43,077,466.00 | 6.8x | -40.7x | 2.2x |
| Wed, 27 Sep 2023 | NZ$1.9b | NZ$797.5m | -NZ$44,351,466.00 | 7.2x | -41.7x | 2.3x |
| Fri, 25 Aug 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 9.6x | -40.1x | 2.4x |
| Sun, 23 Jul 2023 | NZ$1.9b | NZ$788.2m | -NZ$47,453,466.00 | 10.1x | -40.4x | 2.4x |
| Tue, 20 Jun 2023 | NZ$1.8b | NZ$788.2m | -NZ$47,453,466.00 | 10.5x | -37.4x | 2.3x |
| Thu, 18 May 2023 | NZ$1.5b | NZ$707.7m | -NZ$63,284,090.00 | 9.4x | -24.4x | 2.2x |
| Sat, 15 Apr 2023 | NZ$1.4b | NZ$712.3m | -NZ$64,052,090.00 | 8.9x | -22.2x | 2x |
| Mon, 13 Mar 2023 | NZ$3.2b | NZ$1.1b | -NZ$20,715,426.00 | 24.4x | -153.1x | 2.8x |
| Wed, 08 Feb 2023 | NZ$3.4b | NZ$1.1b | -NZ$18,838,601.00 | 26.5x | -180.6x | 3.1x |
| Fri, 06 Jan 2023 | NZ$3.3b | NZ$1.1b | -NZ$18,792,467.00 | 26.7x | -173.3x | 3x |
| Sun, 04 Dec 2022 | NZ$3.4b | NZ$1.1b | -NZ$19,264,645.00 | 26.5x | -176.6x | 3.1x |
| Tue, 01 Nov 2022 | NZ$3.2b | NZ$1.0b | -NZ$112,531.00 | 18.8x | -28416.8x | 3.1x |
| Thu, 29 Sep 2022 | NZ$3.1b | NZ$1.1b | -NZ$22,653,716.00 | 17x | -137.3x | 2.9x |
| Sat, 27 Aug 2022 | NZ$3.6b | NZ$1.0b | -NZ$12,387,300.00 | 20.9x | -287.5x | 3.5x |
| Mon, 25 Jul 2022 | NZ$3.6b | NZ$1.0b | -NZ$12,406,068.00 | 20.4x | -286.9x | 3.5x |
| Wed, 22 Jun 2022 | NZ$3.4b | NZ$999.7m | -NZ$12,967,238.00 | 20.5x | -260.9x | 3.4x |
| Fri, 20 May 2022 | NZ$3.6b | NZ$933.9m | NZ$1.0m | 20.1x | 3478.7x | 3.9x |
| Sun, 17 Apr 2022 | NZ$3.8b | NZ$888.3m | NZ$4.3m | 19.1x | 878.6x | 4.2x |
| Tue, 15 Mar 2022 | NZ$3.7b | NZ$886.4m | NZ$3.8m | 18.8x | 987.4x | 4.2x |
| Thu, 10 Feb 2022 | NZ$4.3b | NZ$876.0m | NZ$5.2m | 19.2x | 813.6x | 4.9x |
| Sat, 08 Jan 2022 | NZ$4.9b | NZ$871.3m | NZ$4.3m | 21.2x | 1134.5x | 5.6x |
| Mon, 06 Dec 2021 | NZ$4.7b | NZ$871.0m | NZ$4.3m | 24x | 1108.9x | 5.4x |
| Wed, 03 Nov 2021 | NZ$5.3b | NZ$798.7m | -NZ$37,500,400.00 | n/a | -141.5x | 6.6x |
| Fri, 01 Oct 2021 | NZ$5.3b | NZ$808.7m | -NZ$35,765,562.00 | 32.3x | -147.5x | 6.5x |
| Sun, 29 Aug 2021 | NZ$5.0b | NZ$806.0m | -NZ$36,239,528.60 | 39.8x | -138.7x | 6.2x |
| Mon, 05 Jul 2021 | NZ$4.9b | NZ$806.0m | -NZ$36,239,528.60 | 43.5x | -134.8x | 6.1x |
| Thu, 08 Apr 2021 | NZ$4.9b | NZ$799.9m | -NZ$55,192,228.60 | 22.1x | -88.6x | 6.1x |
| Sun, 10 Jan 2021 | NZ$4.3b | NZ$770.5m | -NZ$80,263,506.50 | 16.6x | -53.9x | 5.6x |
Price to Earnings Ratio
-60.3x
Current Industry PE
- Investors are pessimistic on the New Zealander Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have improved over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.
Industry Trends
Which industries have driven the changes within the New Zealand Tech sector?
| NZ Market | -2.02% | |
| Tech | -4.24% | |
| IT | 0% | |
| Communications | 0% | |
| Tech Hardware | 0% | |
| Semiconductors | 0% | |
| Electronic Equipment and Components | -2.85% | |
| Software | -4.63% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Components industry even though it's trading below its 3-year average PE ratio of 118x.
- Analysts are expecting annual earnings growth of 55.2%, which is higher than its past year's earnings decline of 29.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Components industry, expecting annual earnings growth of 55% over the next 5 years.
- This is better than its past earnings decline of 30% per year.
- In contrast, the Software industry is expected to see its earnings grow by 51% 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 | |
|---|---|---|---|---|---|
| BPG Black Pearl Group | NZ$0.60 | 7.1% +NZ$1.6m | n/a | n/a |