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Composite 0-100 risk score aggregating litigation, regulatory actions, governance, accounting quality, and audit independence
| Sector | Companies | Avg Score | High/Critical | Distribution |
|---|---|---|---|---|
| Energy | 1 | 27 | 0 | |
| Materials | 10 | 22 | 0 | |
| Information Technology | 8 | 22 | 0 | |
| Real Estate | 15 | 19 | 0 | |
| Financials | 22 | 19 | 0 | |
| Healthcare | 12 | 18 | 0 | |
| Utilities | 7 | 18 | 0 | |
| Industrials | 23 | 16 | 0 | |
| Consumer Staples | 14 | 16 | 0 | |
| Consumer Discretionary | 15 | 16 | 0 | |
| Communication Services | 4 | 16 | 0 |
Sorted by composite risk score (highest risk first). Score range: 0 (lowest risk) to 100 (highest risk).
| Ticker | Company | Sector | Score | Rating | Lit | Reg | Gov | Fin | Top Signals |
|---|---|---|---|---|---|---|---|---|---|
| TCM | Taiko Critical Minerals Limited | Materials | 39 | Moderate | 0 | 0 | 83 | 100 |
The Corporate Risk Score aggregates 6 risk dimensions into a single 0-100 composite score. Higher scores indicate more risk signals detected. Scores are computed on-the-fly from the latest available data.
See also: Accounting Quality — M-score, Z-score, F-score analysis. · Regulatory Enforcement — FMA and regulatory actions database. · Court Litigation — court cases linked to NZX issuers. · Audit Independence — non-audit fee ratios and auditor changes.
Track FMA, Commerce Commission, and NZX enforcement actions against listed companies. Includes prohibited directors from Companies Office.
Track court cases involving NZX-listed companies and their directors from High Court, Court of Appeal, and Supreme Court. Includes case type, outcome, damages, and party roles.
Companies with multiple governance indicators below common thresholds. Flags include: low board independence (<50%), no female directors, resolutions not passed, directors with 12+ year tenure (NZX independence threshold), and low GRS scores (<50).
Data sourced from NZX governance data, court records, regulatory actions, and financial statement analysis. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz.
For informational purposes only. Not investment advice.
| Governance score below 40 (GRS 17.14); Z-score in distress zone; F-score indicates weak fundamentals |
| LOC | Locate Technologies Limited | Information Technology | 37 | Moderate | 0 | 0 | 74 | 100 | Governance score below 40 (GRS 25.71); M-score above manipulation threshold; Z-score in distress zone |
| CRP | Chatham Rock Phosphate Limited | Industrials | 35 | Moderate | 0 | 4 | 58 | 100 | 1 regulatory action; Z-score in distress zone; F-score indicates weak fundamentals |
| RGI | Rua Gold Inc | Materials | 34 | Moderate | 0 | 0 | 83 | 75 | Governance score below 40 (GRS 17.14); Z-score in distress zone |
| IPR | Iperion Limited | Real Estate | 30 | Moderate | 0 | 0 | 37 | 100 | Z-score in distress zone; F-score indicates weak fundamentals |
| NZL | New Zealand Rural Land Company Limited | Real Estate | 30 | Moderate | 0 | 0 | 39 | 100 | F-score indicates weak fundamentals |
| RTO | RTO Limited | Information Technology | 30 | Moderate | 0 | 0 | 36 | 100 | Z-score in distress zone; F-score indicates weak fundamentals |
| TRU | TRUSCREEN GROUP LIMITED | Industrials | 30 | Moderate | 0 | 8 | 31 | 100 | 2 regulatory actions; F-score indicates weak fundamentals |
| AFC | AFC Group Holdings Limited | Financials | 29 | Moderate | 0 | 0 | 33 | 100 | M-score above manipulation threshold; Z-score in distress zone; F-score indicates weak fundamentals |
| CCC | Cooks Coffee Company Limited | Consumer Staples | 29 | Moderate | 0 | 0 | 34 | 100 | F-score indicates weak fundamentals |
| HGH | Heartland Group Holdings Limited | Financials | 29 | Moderate | 0 | 0 | 30 | 100 | F-score indicates weak fundamentals |
| PYS | PaySauce Limited | Information Technology | 29 | Moderate | 0 | 0 | 33 | 100 | F-score indicates weak fundamentals |
| AOF | AoFrio Limited | Financials | 28 | Moderate | 0 | 0 | 25 | 100 | F-score indicates weak fundamentals |
| BFG | Burger Fuel Group Limited | Consumer Discretionary | 28 | Moderate | 0 | 0 | 28 | 100 | F-score indicates weak fundamentals |
| BGP | Briscoe Group Limited | Consumer Discretionary | 28 | Moderate | 0 | 0 | 29 | 100 | F-score indicates weak fundamentals |
| MKR | Manuka Resources Limited | Materials | 28 | Moderate | 0 | 0 | 26 | 100 | Z-score in distress zone; F-score indicates weak fundamentals |
| AFT | AFT Pharmaceuticals Limited | Healthcare | 27 | Moderate | 0 | 0 | 23 | 100 | F-score indicates weak fundamentals |
| BIF | Booster Innovation Fund | Financials | 27 | Moderate | 0 | 0 | 72 | 50 | Governance score below 40 (GRS 28.28); F-score indicates weak fundamentals |
| CHI | Channel Infrastructure NZ Limited | Energy | 27 | Moderate | 0 | 0 | 20 | 100 | F-score indicates weak fundamentals |
| CO2 | Carbon Fund | Financials | 27 | Moderate | 0 | 0 | 73 | 50 | Governance score below 40 (GRS 27.14); F-score indicates weak fundamentals |
| MFB | My Food Bag Group Limited | Financials | 27 | Moderate | 0 | 0 | 21 | 100 | F-score indicates weak fundamentals |
| VNT | Ventia Services Group Limited | Industrials | 27 | Moderate | 0 | 0 | 20 | 100 | F-score indicates weak fundamentals |
| BAI | Being AI | Healthcare | 26 | Moderate | 0 | 4 | 39 | 75 | 1 regulatory action; Z-score in distress zone |
| GNE | Genesis Energy Limited | Utilities | 26 | Moderate | 0 | 0 | 19 | 100 | F-score indicates weak fundamentals |
| PLP | Private Land and Property Fund | Real Estate | 26 | Moderate | 0 | 0 | 68 | 50 | Governance score below 40 (GRS 32.41); F-score indicates weak fundamentals |
| PHL | Promisia Healthcare Limited | Healthcare | 25 | Moderate | 0 | 0 | 14 | 100 | F-score indicates weak fundamentals |
| VHP | Vital Healthcare Property Trust | Real Estate | 25 | Moderate | 0 | 0 | 61 | 50 | Governance score below 40 (GRS 39.31); Z-score in distress zone |
| ARG | Argosy Property Limited | Real Estate | 23 | Moderate | 0 | 0 | 28 | 75 | Z-score in distress zone |
| ENS | Enprise Group Limited | Information Technology | 23 | Moderate | 0 | 8 | 43 | 50 | 2 regulatory actions; Z-score in distress zone |
| ERD | EROAD | Industrials | 23 | Moderate | 0 | 0 | 51 | 50 | Z-score in distress zone |
| MEX | Minerals Exploration Limited | Materials | 23 | Moderate | 0 | 0 | 50 | 50 | F-score indicates weak fundamentals |
| SKC | SkyCity Entertainment Group Limited | Consumer Discretionary | 23 | Moderate | 4 | 0 | 48 | 50 | 1 court case; Z-score in distress zone |
| 2CC | 2 Cheap Cars Group Limited | Financials | 22 | Moderate | 0 | 4 | 41 | 50 | 1 regulatory action |
| CVT | Comvita Limited | Industrials | 22 | Moderate | 4 | 0 | 58 | 33 | 1 court case; Z-score in distress zone |
| CDI | CDL Investments New Zealand Limited | Real Estate | 21 | Moderate | 0 | 4 | 23 | 67 | 1 regulatory action; M-score above manipulation threshold; F-score indicates weak fundamentals |
| FSF | Fonterra Shareholders' Fund | Consumer Staples | 21 | Moderate | 0 | 0 | 40 | 50 | Z-score in distress zone |
| NZM | NZME Limited | Communication Services | 21 | Moderate | 8 | 8 | 43 | 33 | 2 court cases; 2 regulatory actions; Z-score in distress zone |
| UVA | Uvre Limited | Materials | 21 | Moderate | 0 | 0 | 67 | 25 | Governance score below 40 (GRS 32.86) |
| WBC | Westpac Banking Corporation | Financials | 21 | Moderate | 0 | 0 | 43 | 50 | Z-score in distress zone |
| ANZ | ANZ Group Holdings Limited | Financials | 20 | Low | 0 | 4 | 32 | 50 | 1 regulatory action; Z-score in distress zone |
| FWL | Foley Wines Limited | Consumer Staples | 20 | Low | 0 | 0 | 36 | 50 | Z-score in distress zone |
| NZK | New Zealand King Salmon Investments Limited | Consumer Staples | 20 | Low | 0 | 0 | 39 | 0 | Non-audit fees exceed audit fees |
| OCA | Oceania Healthcare Limited | Healthcare | 20 | Low | 0 | 0 | 19 | 67 | M-score above manipulation threshold; Z-score in distress zone |
| AIR | Air New Zealand | Industrials | 19 | Low | 4 | 4 | 25 | 50 | 1 court case; 1 regulatory action; Z-score in distress zone |
| BPG | Black Pearl Group Limited | Information Technology | 19 | Low | 0 | 0 | 32 | 50 | F-score indicates weak fundamentals |
| CEN | Contact Energy Limited | Utilities | 19 | Low | 0 | 0 | 33 | 50 | No specific flags |
| MPG | Metro Performance Glass | Real Estate | 19 | Low | 0 | 0 | 30 | 50 | No specific flags |
| SMI | Santana Minerals Ltd | Materials | 19 | Low | 0 | 0 | 34 | 50 | F-score indicates weak fundamentals |
| SVR | Savor Limited | Consumer Staples | 19 | Low | 0 | 0 | 32 | 50 | No specific flags |
| WCO | WasteCo Group Limited | Industrials | 19 | Low | 0 | 0 | 33 | 50 | No specific flags |
| AGL | Accordant Group Limited | Utilities | 18 | Low | 0 | 0 | 28 | 50 | No specific flags |
| BIT | The Bankers Investment Trust PLC | Financials | 18 | Low | 0 | 0 | 26 | 50 | F-score indicates weak fundamentals |
| BRW | Bremworth Limited | Consumer Discretionary | 18 | Low | 0 | 0 | 28 | 50 | M-score above manipulation threshold |
| CNU | Chorus Limited | Communication Services | 18 | Low | 0 | 0 | 19 | 33 | Z-score in distress zone; Non-audit fee ratio elevated |
| GEN | General Capital Limited | Financials | 18 | Low | 0 | 0 | 27 | 50 | Z-score in distress zone |
| MEE | Me Today Limited | Consumer Staples | 18 | Low | 0 | 0 | 26 | 50 | Z-score in distress zone |
| PGW | PGG Wrightson Limited | Industrials | 18 | Low | 0 | 0 | 58 | 17 | No specific flags |
| RAD | Radius Residential Care Limited | Healthcare | 18 | Low | 0 | 0 | 26 | 50 | No specific flags |
| RUA | Rua Bioscience Limited | Healthcare | 18 | Low | 0 | 0 | 25 | 50 | Z-score in distress zone |
| STU | Steel & Tube Holdings Limited | Materials | 18 | Low | 4 | 4 | 21 | 50 | 1 court case; 1 regulatory action; Z-score in distress zone |
| TEM | Templeton Emerging Markets Investment Trust PLC | Financials | 18 | Low | 0 | 0 | 26 | 50 | M-score above manipulation threshold |
| HFL | Henderson Far East Income Limited | Financials | 17 | Low | 0 | 0 | 57 | 17 | No specific flags |
| KMD | KMD Brands Limited | Consumer Discretionary | 17 | Low | 0 | 0 | 21 | 50 | Z-score in distress zone |
| MFT | Mainfreight Limited | Industrials | 17 | Low | 0 | 0 | 24 | 50 | No specific flags |
| MLN | Marlin Global Limited | Financials | 17 | Low | 0 | 0 | 23 | 50 | M-score above manipulation threshold |
| PEB | Pacific Edge Limited | Healthcare | 17 | Low | 0 | 0 | 20 | 50 | Z-score in distress zone |
| POT | Port of Tauranga Limited | Industrials | 17 | Low | 4 | 0 | 34 | 33 | 1 court case; M-score above manipulation threshold |
| RAK | Rakon Limited | Information Technology | 17 | Low | 0 | 0 | 57 | 17 | No specific flags |
| SEK | Seeka Limited | Consumer Staples | 17 | Low | 0 | 0 | 23 | 50 | M-score above manipulation threshold |
| DGL | Delegat Group Limited | Consumer Staples | 16 | Low | 0 | 0 | 50 | 17 | No specific flags |
| GNZ | Goodman NZ | Real Estate | 16 | Low | 0 | 0 | 36 | 33 | M-score above manipulation threshold |
| IKE | ikeGPS Group Limited | Materials | 16 | Low | 0 | 0 | 34 | 33 | Z-score in distress zone |
| IPL | Investore Property Limited | Real Estate | 16 | Low | 0 | 0 | 33 | 33 | Z-score in distress zone |
| MEL | Meridian Energy Limited | Utilities | 16 | Low | 0 | 0 | 34 | 33 | No specific flags |
| MHJ | Michael Hill International Limited | Consumer Discretionary | 16 | Low | 0 | 0 | 32 | 33 | No specific flags |
| MOV | MOVE Logistics Group Limited | Industrials | 16 | Low | 0 | 0 | 33 | 33 | Z-score in distress zone |
| TRA | Turners Automotive Group | Consumer Discretionary | 16 | Low | 0 | 0 | 41 | 25 | No specific flags |
| VCT | Vector Limited | Utilities | 16 | Low | 0 | 0 | 35 | 33 | Z-score in distress zone |
| IFT | Infratil Limited | Utilities | 15 | Low | 0 | 0 | 31 | 33 | Z-score in distress zone |
| RBD | Restaurant Brands New Zealand Limited | Consumer Discretionary | 15 | Low | 0 | 0 | 27 | 33 | Z-score in distress zone |
| ALF | Allied Farmers Limited | Financials | 14 | Low | 0 | 0 | 23 | 33 | Z-score in distress zone |
| APL | Asset Plus | Real Estate | 14 | Low | 0 | 0 | 25 | 33 | M-score above manipulation threshold |
| ARB | ArborGen Holdings Limited | Industrials | 14 | Low | 0 | 0 | 40 | 17 | No specific flags |
| BRM | Barramundi Limited | Financials | 14 | Low | 0 | 0 | 23 | 33 | F-score indicates weak fundamentals |
| KFL | Kingfish Limited | Financials | 14 | Low | 0 | 0 | 25 | 33 | M-score above manipulation threshold |
| LIC | Livestock Improvement Corporation Limited | Financials | 14 | Low | 0 | 0 | 38 | 17 | No specific flags |
| PFI | Property for Industry Limited | Real Estate | 14 | Low | 0 | 0 | 23 | 33 | Z-score in distress zone |
| RYM | Ryman Healthcare Limited | Healthcare | 14 | Low | 4 | 0 | 22 | 33 | 1 court case; Z-score in distress zone |
| SKT | Sky Network Television Limited | Communication Services | 14 | Low | 0 | 0 | 24 | 33 | No specific flags |
| SUM | Summerset Group Holdings Limited | Healthcare | 14 | Low | 0 | 0 | 22 | 33 | Z-score in distress zone |
| THL | Tourism Holdings Limited | Consumer Discretionary | 14 | Low | 0 | 0 | 24 | 33 | Z-score in distress zone |
| TWL | TradeWindow Holdings Limited | Industrials | 14 | Low | 0 | 0 | 30 | 25 | No specific flags |
| FCT | F&C INVESTMENT TRUST PLC | Financials | 13 | Low | 0 | 0 | 37 | 17 | No specific flags |
| MCK | Millennium & Copthorne Hotels New Zealand Limited | Consumer Discretionary | 13 | Low | 0 | 4 | 31 | 17 | 1 regulatory action |
| MCY | Mercury NZ Limited | Utilities | 13 | Low | 4 | 0 | 14 | 33 | 1 court case; Z-score in distress zone |
| PCT | Precinct Properties New Zealand Limited | Real Estate | 13 | Low | 0 | 0 | 21 | 33 | Z-score in distress zone |
| SKO | Serko Limited | Industrials | 13 | Low | 0 | 0 | 29 | 25 | No specific flags |
| SML | Synlait Milk Limited | Consumer Staples | 13 | Low | 0 | 0 | 37 | 17 | No specific flags |
| VGL | Vista Group International Limited | Information Technology | 13 | Low | 0 | 0 | 54 | 0 | No specific flags |
| DOW | Downer EDI Limited | Industrials | 12 | Low | 0 | 0 | 30 | 17 | No specific flags |
| FBU | Fletcher Building | Materials | 12 | Low | 4 | 0 | 12 | 33 | 1 court case |
| GXH | Green Cross Health Limited | Healthcare | 12 | Low | 0 | 0 | 32 | 17 | No specific flags |
| KPG | Kiwi Property | Real Estate | 12 | Low | 0 | 0 | 14 | 33 | Z-score in distress zone |
| NTL | New Talisman Gold Mines Ltd | Industrials | 12 | Low | 0 | 0 | 47 | 0 | No specific flags |
| SDL | Solution Dynamics Limited | Consumer Discretionary | 12 | Low | 0 | 0 | 45 | 0 | No specific flags |
| SPG | Stride Property Limited | Real Estate | 12 | Low | 0 | 0 | 14 | 33 | Z-score in distress zone |
| SPK | Spark New Zealand Limited | Communication Services | 12 | Low | 4 | 0 | 26 | 17 | 1 court case |
| TGG | T&G Global Limited | Consumer Staples | 12 | Low | 0 | 0 | 28 | 17 | No specific flags |
| WIN | Winton Land Limited | Real Estate | 12 | Low | 0 | 0 | 29 | 17 | No specific flags |
| CMO | The Colonial Motor Company Limited | Consumer Discretionary | 11 | Low | 0 | 4 | 39 | 0 | 1 regulatory action |
| EBO | EBOS Group Limited | Healthcare | 11 | Low | 0 | 0 | 23 | 17 | No specific flags |
| FCG | Fonterra Co-operative Group Limited | Consumer Staples | 11 | Low | 4 | 4 | 32 | 0 | 1 court case; 1 regulatory action |
| SCT | Scott Technology Limited | Industrials | 11 | Low | 0 | 0 | 25 | 17 | No specific flags |
| WHS | The Warehouse Group Limited | Consumer Discretionary | 11 | Low | 0 | 0 | 23 | 17 | No specific flags |
| HLG | Hallenstein Glasson Holdings Limited | Consumer Discretionary | 10 | Low | 0 | 4 | 34 | 0 | 1 regulatory action |
| NZX | NZX Limited | Financials | 10 | Low | 0 | 8 | 13 | 17 | 2 regulatory actions |
| TWR | Tower Limited | Financials | 10 | Low | 4 | 4 | 30 | 0 | 1 court case; 1 regulatory action |
| VSL | Vulcan Steel Limited | Materials | 10 | Low | 0 | 0 | 36 | 0 | No specific flags |
| AFI | Australian Foundation Investment Company Limited | Financials | 9 | Low | 0 | 0 | 17 | 17 | No specific flags |
| AIA | Auckland International Airport Limited | Industrials | 9 | Low | 4 | 0 | 12 | 17 | 1 court case |
| GTK | Gentrack Group Limited | Information Technology | 9 | Low | 0 | 0 | 30 | 0 | No specific flags |
| TAH | Third Age Health Services Limited | Consumer Discretionary | 9 | Low | 0 | 0 | 30 | 0 | No specific flags |
| ATM | The a2 Milk Company Limited | Consumer Staples | 8 | Low | 4 | 0 | 25 | 0 | 1 court case |
| BLT | BLIS Technologies Limited | Consumer Staples | 8 | Low | 0 | 4 | 23 | 0 | 1 regulatory action |
| FPH | Fisher & Paykel Healthcare Corporation Limited | Healthcare | 8 | Low | 0 | 0 | 25 | 0 | No specific flags |
| FRW | Freightways Group Limited | Industrials | 8 | Low | 0 | 0 | 27 | 0 | No specific flags |
| SAN | Sanford Limited | Consumer Staples | 8 | Low | 4 | 0 | 21 | 0 | 1 court case |
| SCL | Scales Corporation Limited | Industrials | 8 | Low | 0 | 0 | 26 | 0 | No specific flags |
| SKL | Skellerup Holdings Limited | Industrials | 8 | Low | 0 | 4 | 24 | 0 | 1 regulatory action |
| NPH | Napier Port Holdings Limited | Industrials | 7 | Low | 0 | 0 | 21 | 0 | No specific flags |
| SPN | South Port New Zealand Limited | Industrials | 7 | Low | 0 | 0 | 21 | 0 | No specific flags |