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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 | 21 | 0 | |
| Information Technology | 8 | 20 | 0 | |
| Real Estate | 15 | 19 | 0 | |
| Financials | 22 | 18 | 0 | |
| Industrials | 23 | 16 | 0 | |
| Communication Services | 4 | 16 | 0 | |
| Consumer Staples | 14 | 15 | 0 | |
| Utilities | 7 | 15 | 0 | |
| Consumer Discretionary | 15 | 14 | 0 | |
| Healthcare | 12 | 13 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| LOC | Locate Technologies Limited | Information Technology | 37 | Moderate | 0 | 0 | 74 | 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 25.71); M-score above manipulation threshold; Z-score in distress zone |
| CRP | Chatham Rock Phosphate Limited | Industrials | 34 | Moderate | 0 | 0 | 58 | 100 | 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 |
| NZL | New Zealand Rural Land Company Limited | Real Estate | 31 | Moderate | 0 | 0 | 40 | 100 | F-score indicates weak fundamentals |
| IPR | Iperion Limited | Real Estate | 30 | Moderate | 0 | 0 | 37 | 100 | Z-score in distress zone; 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 |
| VNT | Ventia Services Group Limited | Industrials | 30 | Moderate | 0 | 0 | 35 | 100 | 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 |
| AOF | AoFrio Limited | Financials | 28 | Moderate | 0 | 0 | 26 | 100 | F-score indicates weak fundamentals |
| MKR | Manuka Resources Limited | Materials | 28 | Moderate | 0 | 0 | 29 | 100 | Z-score in distress zone; F-score indicates weak fundamentals |
| TRU | TRUSCREEN GROUP LIMITED | Industrials | 28 | Moderate | 0 | 0 | 28 | 100 | Z-score in distress zone; 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 | 21 | 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 |
| HGH | Heartland Group Holdings Limited | Financials | 27 | Moderate | 0 | 0 | 24 | 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 |
| WCO | WasteCo Group Limited | Industrials | 26 | Moderate | 0 | 0 | 33 | 83 | M-score above manipulation threshold; Z-score in distress zone |
| TWL | TradeWindow Holdings Limited | Industrials | 25 | Moderate | 0 | 0 | 28 | 83 | M-score above manipulation threshold; Z-score in distress zone |
| ARG | Argosy Property Limited | Real Estate | 24 | Moderate | 0 | 0 | 30 | 75 | Z-score in distress zone |
| TCM | Taiko Critical Minerals Limited | Materials | 24 | Moderate | 0 | 0 | 83 | 25 | Governance score below 40 (GRS 17.14) |
| VHP | Vital Healthcare Property Trust | Real Estate | 24 | Moderate | 0 | 0 | 57 | 50 | Z-score in distress zone |
| ENS | Enprise Group Limited | Information Technology | 23 | Moderate | 0 | 0 | 50 | 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 | 46 | 50 | 1 court case; Z-score in distress zone |
| 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 | 0 | 23 | 67 | 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 |
| UVA | Uvre Limited | Materials | 21 | Moderate | 0 | 0 | 67 | 25 | Governance score below 40 (GRS 32.86) |
| 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 | 18 | 67 | M-score above manipulation threshold; Z-score in distress zone |
| WBC | Westpac Banking Corporation | Financials | 20 | Low | 0 | 0 | 37 | 50 | Z-score in distress zone |
| ANZ | ANZ Group Holdings Limited | Financials | 19 | Low | 0 | 0 | 32 | 50 | Z-score in distress zone |
| BPG | Black Pearl Group Limited | Information Technology | 19 | Low | 0 | 0 | 32 | 50 | F-score indicates weak fundamentals |
| CNU | Chorus Limited | Communication Services | 19 | Low | 0 | 0 | 24 | 33 | Z-score in distress zone; Non-audit fee ratio elevated |
| ERD | EROAD | Industrials | 19 | Low | 0 | 0 | 32 | 50 | Z-score in distress zone |
| MPG | Metro Performance Glass | Real Estate | 19 | Low | 0 | 0 | 30 | 50 | Z-score in distress zone |
| RYM | Ryman Healthcare Limited | Healthcare | 19 | Low | 4 | 0 | 30 | 50 | 1 court case; Z-score in distress zone |
| SEK | Seeka Limited | Consumer Staples | 19 | Low | 0 | 0 | 34 | 50 | M-score above manipulation threshold |
| SMI | Santana Minerals Ltd | Materials | 19 | Low | 0 | 0 | 34 | 50 | F-score indicates weak fundamentals |
| AIR | Air New Zealand | Industrials | 18 | Low | 4 | 0 | 25 | 50 | 1 court case; Z-score in distress zone |
| BIT | The Bankers Investment Trust PLC | Financials | 18 | Low | 0 | 0 | 29 | 50 | F-score indicates weak fundamentals |
| BRW | Bremworth Limited | Consumer Discretionary | 18 | Low | 0 | 0 | 28 | 50 | M-score above manipulation threshold |
| CEN | Contact Energy Limited | Utilities | 18 | Low | 0 | 0 | 27 | 50 | No specific flags |
| 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 |
| STU | Steel & Tube Holdings Limited | Materials | 18 | Low | 4 | 0 | 22 | 50 | 1 court case; Z-score in distress zone |
| TRA | Turners Automotive Group | Consumer Discretionary | 18 | Low | 0 | 0 | 46 | 33 | Z-score in distress zone |
| GEN | General Capital Limited | Financials | 17 | Low | 0 | 0 | 24 | 50 | Z-score in distress zone |
| HFL | Henderson Far East Income Limited | Financials | 17 | Low | 0 | 0 | 57 | 17 | No specific flags |
| IKE | ikeGPS Group Limited | Materials | 17 | Low | 0 | 0 | 37 | 33 | Z-score in distress zone |
| KMD | KMD Brands Limited | Consumer Discretionary | 17 | Low | 0 | 0 | 21 | 50 | Z-score in distress zone |
| LIC | Livestock Improvement Corporation Limited | Financials | 17 | Low | 0 | 0 | 54 | 17 | No specific flags |
| MFB | My Food Bag Group Limited | Financials | 17 | Low | 0 | 0 | 20 | 50 | M-score above manipulation threshold |
| MLN | Marlin Global Limited | Financials | 17 | Low | 0 | 0 | 23 | 50 | M-score above manipulation threshold |
| RAK | Rakon Limited | Information Technology | 17 | Low | 0 | 0 | 57 | 17 | No specific flags |
| CCC | Cooks Coffee Company Limited | Consumer Staples | 16 | Low | 0 | 0 | 34 | 33 | Z-score in distress zone |
| GMT | Goodman Property Trust | Real Estate | 16 | Low | 0 | 0 | 36 | 33 | M-score above manipulation threshold |
| IPL | Investore Property Limited | Real Estate | 16 | Low | 0 | 0 | 32 | 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 | 33 | 33 | No specific flags |
| NZM | NZME Limited | Communication Services | 16 | Low | 8 | 0 | 27 | 33 | 2 court cases; Z-score in distress zone |
| PEB | Pacific Edge Limited | Healthcare | 16 | Low | 0 | 0 | 16 | 50 | Z-score in distress zone |
| POT | Port of Tauranga Limited | Industrials | 16 | Low | 4 | 0 | 31 | 33 | 1 court case; M-score above manipulation threshold |
| RUA | Rua Bioscience Limited | Healthcare | 16 | Low | 0 | 0 | 18 | 50 | Z-score in distress zone |
| SKT | Sky Network Television Limited | Communication Services | 16 | Low | 0 | 0 | 32 | 33 | No specific flags |
| SVR | Savor Limited | Consumer Staples | 16 | Low | 0 | 0 | 32 | 33 | Z-score in distress zone |
| THL | Tourism Holdings Limited | Consumer Discretionary | 16 | Low | 0 | 0 | 33 | 33 | Z-score in distress zone |
| VCT | Vector Limited | Utilities | 16 | Low | 0 | 0 | 32 | 33 | Z-score in distress zone |
| AGL | Accordant Group Limited | Utilities | 15 | Low | 0 | 0 | 28 | 33 | No specific flags |
| APL | Asset Plus | Real Estate | 15 | Low | 0 | 0 | 30 | 33 | M-score above manipulation threshold |
| ARB | ArborGen Holdings Limited | Industrials | 15 | Low | 0 | 0 | 43 | 17 | No specific flags |
| BFG | Burger Fuel Group Limited | Consumer Discretionary | 15 | Low | 0 | 0 | 28 | 33 | Z-score in distress zone |
| DGL | Delegat Group Limited | Consumer Staples | 15 | Low | 0 | 0 | 47 | 17 | No specific flags |
| IFT | Infratil Limited | Utilities | 15 | Low | 0 | 0 | 31 | 33 | Z-score in distress zone |
| MOV | MOVE Logistics Group Limited | Industrials | 15 | Low | 0 | 0 | 30 | 33 | Z-score in distress zone |
| PCT | Precinct Properties New Zealand Limited | Real Estate | 15 | Low | 0 | 0 | 30 | 33 | Z-score in distress zone |
| PYS | PaySauce Limited | Information Technology | 15 | Low | 0 | 0 | 28 | 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 |
| 2CC | 2 Cheap Cars Group Limited | Financials | 14 | Low | 0 | 0 | 39 | 17 | No specific flags |
| ALF | Allied Farmers Limited | Financials | 14 | Low | 0 | 0 | 26 | 33 | Z-score in distress zone |
| BRM | Barramundi Limited | Financials | 14 | Low | 0 | 0 | 25 | 33 | F-score indicates weak fundamentals |
| GNE | Genesis Energy Limited | Utilities | 14 | Low | 0 | 0 | 24 | 33 | Z-score in distress zone |
| KFL | Kingfish Limited | Financials | 14 | Low | 0 | 0 | 25 | 33 | M-score above manipulation threshold |
| PFI | Property for Industry Limited | Real Estate | 14 | Low | 0 | 0 | 23 | 33 | Z-score in distress zone |
| RAD | Radius Residential Care Limited | Healthcare | 14 | Low | 0 | 0 | 26 | 33 | Z-score in distress zone |
| DOW | Downer EDI Limited | Industrials | 13 | Low | 0 | 0 | 34 | 17 | No specific flags |
| FBU | Fletcher Building | Materials | 13 | Low | 4 | 0 | 14 | 33 | 1 court case |
| FCT | F&C INVESTMENT TRUST PLC | Financials | 13 | Low | 0 | 0 | 37 | 17 | No specific flags |
| KPG | Kiwi Property | Real Estate | 13 | Low | 0 | 0 | 19 | 33 | Z-score in distress zone |
| MCY | Mercury NZ Limited | Utilities | 13 | Low | 4 | 0 | 17 | 33 | 1 court case; Z-score in distress zone |
| SKO | Serko Limited | Industrials | 13 | Low | 0 | 0 | 28 | 25 | No specific flags |
| SML | Synlait Milk Limited | Consumer Staples | 13 | Low | 0 | 0 | 37 | 17 | No specific flags |
| SUM | Summerset Group Holdings Limited | Healthcare | 13 | Low | 0 | 0 | 21 | 33 | Z-score in distress zone |
| BAI | Being AI | Healthcare | 12 | Low | 0 | 0 | 46 | 0 | No specific flags |
| GXH | Green Cross Health Limited | Healthcare | 12 | Low | 0 | 0 | 31 | 17 | No specific flags |
| MCK | Millennium & Copthorne Hotels New Zealand Limited | Consumer Discretionary | 12 | Low | 0 | 0 | 31 | 17 | No specific flags |
| NTL | New Talisman Gold Mines Ltd | Industrials | 12 | Low | 0 | 0 | 47 | 0 | No specific flags |
| PHL | Promisia Healthcare Limited | Healthcare | 12 | Low | 0 | 0 | 16 | 33 | Z-score in distress zone |
| 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 | 28 | 17 | 1 court case |
| TGG | T&G Global Limited | Consumer Staples | 12 | Low | 0 | 0 | 28 | 17 | No specific flags |
| AIA | Auckland International Airport Limited | Industrials | 11 | Low | 4 | 0 | 19 | 17 | 1 court case |
| EBO | EBOS Group Limited | Healthcare | 11 | Low | 0 | 0 | 26 | 17 | No specific flags |
| FCG | Fonterra Co-operative Group Limited | Consumer Staples | 11 | Low | 4 | 0 | 37 | 0 | 1 court case |
| SCT | Scott Technology Limited | Industrials | 11 | Low | 0 | 0 | 25 | 17 | No specific flags |
| SDL | Solution Dynamics Limited | Consumer Discretionary | 11 | Low | 0 | 0 | 42 | 0 | No specific flags |
| WHS | The Warehouse Group Limited | Consumer Discretionary | 11 | Low | 0 | 0 | 25 | 17 | No specific flags |
| WIN | Winton Land Limited | Real Estate | 11 | Low | 0 | 0 | 26 | 17 | No specific flags |
| AFI | Australian Foundation Investment Company Limited | Financials | 10 | Low | 0 | 0 | 21 | 17 | No specific flags |
| BLT | BLIS Technologies Limited | Consumer Staples | 10 | Low | 0 | 0 | 39 | 0 | No specific flags |
| CMO | The Colonial Motor Company Limited | Consumer Discretionary | 10 | Low | 0 | 0 | 37 | 0 | No specific flags |
| HLG | Hallenstein Glasson Holdings Limited | Consumer Discretionary | 10 | Low | 0 | 0 | 37 | 0 | No specific flags |
| NZX | NZX Limited | Financials | 10 | Low | 0 | 0 | 19 | 17 | No specific flags |
| TWR | Tower Limited | Financials | 10 | Low | 4 | 0 | 35 | 0 | 1 court case |
| VSL | Vulcan Steel Limited | Materials | 10 | Low | 0 | 0 | 36 | 0 | No specific flags |
| ATM | The a2 Milk Company Limited | Consumer Staples | 9 | Low | 4 | 0 | 29 | 0 | 1 court case |
| FPH | Fisher & Paykel Healthcare Corporation Limited | Healthcare | 9 | Low | 0 | 0 | 31 | 0 | No specific flags |
| 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 |
| TEM | Templeton Emerging Markets Investment Trust PLC | Financials | 9 | Low | 0 | 0 | 30 | 0 | No specific flags |
| BGP | Briscoe Group Limited | Consumer Discretionary | 8 | Low | 0 | 0 | 29 | 0 | No specific flags |
| FRW | Freightways Group Limited | Industrials | 8 | Low | 0 | 0 | 27 | 0 | No specific flags |
| MFT | Mainfreight Limited | Industrials | 8 | Low | 0 | 0 | 28 | 0 | No specific flags |
| SAN | Sanford Limited | Consumer Staples | 8 | Low | 4 | 0 | 21 | 0 | 1 court case |
| SPN | South Port New Zealand Limited | Industrials | 8 | Low | 0 | 0 | 28 | 0 | No specific flags |
| VGL | Vista Group International Limited | Information Technology | 8 | Low | 0 | 0 | 29 | 0 | No specific flags |
| AFT | AFT Pharmaceuticals Limited | Healthcare | 7 | Low | 0 | 0 | 23 | 0 | No specific flags |
| NPH | Napier Port Holdings Limited | Industrials | 7 | Low | 0 | 0 | 23 | 0 | No specific flags |
| SCL | Scales Corporation Limited | Industrials | 7 | Low | 0 | 0 | 24 | 0 | No specific flags |
| SKL | Skellerup Holdings Limited | Industrials | 7 | Low | 0 | 0 | 24 | 0 | No specific flags |