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Estimated fair values for NZX companies using 3 standard valuation models: Discounted Cash Flow (DCF), Dividend Discount Model (Gordon Growth), and EV/EBITDA relative valuation. All assumptions are transparent and adjustable on individual company pages.
| Ticker | Company | Sector | Price | Fair Value | P/FV | DCF | DDM | EV/EBITDA | Confidence | Assessment |
|---|---|---|---|---|---|---|---|---|---|---|
| BFG | Burger Fuel Group Limited | Consumer Discretionary | $0.35 | $425.77 | 0.00x | $249.58 | — | $752.98 | low | Insufficient data for fair value assessment |
| GEN | General Capital Limited | Financials | $0.24 | $815.64 | 0.00x | $1222.89 | $1.15 | — | low | Insufficient data for fair value assessment |
Data sourced from publicly available records. 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.
Methodology
DCF: 2-3 year average free cash flow projected forward using historical revenue growth (capped -5% to +15%), discounted at 10% WACC with 2.5% terminal growth. Net debt subtracted from enterprise value.
DDM (Gordon Growth): Latest DPS grown at historical CAGR (capped -5% to +12%), divided by (required return - growth rate). Only applicable for dividend payers with 3+ years history.
EV/EBITDA Relative: Company EBITDA × sector median EV/EBITDA multiple, minus net debt. Excludes banks/financials. Requires 3+ sector peers.
Composite: Weighted average — DCF 50%, DDM 25%, EV/EBITDA 25% (non-dividend payers: DCF 65%, EV/EBITDA 35%).
These are automated estimates using standard financial models. They are not target prices, investment recommendations, or financial advice. Different assumptions produce materially different estimates. Visit individual company pages to adjust assumptions with interactive sliders.
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| IPR |
| Iperion Limited |
| Real Estate |
| $0.00 |
| $0.37 |
| 0.01x |
| $0.37 |
| — |
| — |
| low |
| Trading 99% below composite DCF estimate |
| SML | Synlait Milk Limited | Consumer Staples | $0.40 | $17.50 | 0.02x | $26.80 | — | $0.24 | low | Trading 98% below composite DCF estimate |
| FSF | Fonterra Shareholders' Fund | Consumer Staples | $8.40 | $116.07 | 0.07x | $137.99 | — | $75.35 | medium | Trading 93% below composite DCF estimate |
| AGL | Accordant Group Limited | Utilities | $0.18 | $1.34 | 0.13x | — | $0.20 | $2.47 | low | Trading 87% below composite DCF estimate |
| MOV | MOVE Logistics Group Limited | Industrials | $0.18 | $1.11 | 0.16x | $0.90 | $0.31 | $2.32 | low | Trading 84% below composite DCF estimate |
| AIR | Air New Zealand | Industrials | $0.41 | $2.21 | 0.18x | $2.60 | $0.11 | $3.51 | low | Trading 82% below composite DCF estimate |
| STU | Steel & Tube Holdings Limited | Materials | $0.30 | $1.16 | 0.26x | $1.63 | $0.22 | — | low | Trading 74% below composite DCF estimate |
| ERD | EROAD | Industrials | $1.04 | $3.65 | 0.28x | — | — | $3.65 | low | Trading 72% below composite DCF estimate |
| WHS | The Warehouse Group Limited | Consumer Discretionary | $0.60 | $2.17 | 0.28x | — | $0.29 | $4.06 | low | Trading 72% below composite DCF estimate |
| APL | Asset Plus | Real Estate | $0.17 | $0.50 | 0.34x | $0.73 | $0.05 | — | low | Trading 66% below composite DCF estimate |
| LIC | Livestock Improvement Corporation Limited | Financials | $1.15 | $3.27 | 0.35x | $4.52 | $0.78 | — | low | Trading 65% below composite DCF estimate |
| NZK | New Zealand King Salmon Investments Limited | Consumer Staples | $0.24 | $0.59 | 0.41x | $0.81 | $0.21 | $0.51 | low | Trading 59% below composite DCF estimate |
| MHJ | Michael Hill International Limited | Consumer Discretionary | $0.42 | $0.99 | 0.42x | $1.11 | $0.23 | $1.50 | low | Trading 58% below composite DCF estimate |
| FWL | Foley Wines Limited | Consumer Staples | $0.56 | $1.30 | 0.43x | $2.24 | $0.18 | $0.54 | low | Trading 57% below composite DCF estimate |
| PGW | PGG Wrightson Limited | Industrials | $2.12 | $4.00 | 0.53x | — | $0.27 | $7.73 | low | Trading 47% below composite DCF estimate |
| FCG | Fonterra Co-operative Group Limited | Consumer Staples | $4.98 | $8.93 | 0.56x | $11.03 | — | $5.04 | medium | Trading 44% below composite DCF estimate |
| GNE | Genesis Energy Limited | Utilities | $2.51 | $4.17 | 0.60x | $4.49 | $1.87 | $5.83 | low | Trading 40% below composite DCF estimate |
| CVT | Comvita Limited | Industrials | $0.77 | $1.19 | 0.64x | — | $0.06 | $2.32 | low | Trading 36% below composite DCF estimate |
| ENS | Enprise Group Limited | Information Technology | $0.40 | $0.61 | 0.66x | — | $0.61 | — | low | Trading 34% below composite DCF estimate |
| SPK | Spark New Zealand Limited | Communication Services | $1.93 | $2.81 | 0.69x | $3.98 | $0.48 | — | low | Trading 31% below composite DCF estimate |
| RAD | Radius Residential Care Limited | Healthcare | $0.42 | $0.60 | 0.71x | — | $0.54 | $0.65 | high | Trading 29% below composite DCF estimate |
| SDL | Solution Dynamics Limited | Consumer Discretionary | $0.62 | $0.87 | 0.71x | $0.36 | $0.11 | $2.64 | low | Trading 29% below composite DCF estimate |
| TEM | Templeton Emerging Markets Investment Trust PLC | Financials | $7.90 | $11.00 | 0.72x | $11.00 | — | — | low | Trading 28% below composite DCF estimate |
| ALF | Allied Farmers Limited | Financials | $0.58 | $0.77 | 0.76x | $1.12 | $0.08 | — | low | Trading 24% below composite DCF estimate |
| ARB | ArborGen Holdings Limited | Industrials | $0.07 | $0.09 | 0.76x | $0.03 | — | $0.21 | low | Trading 24% below composite DCF estimate |
| NZM | NZME Limited | Communication Services | $1.06 | $1.37 | 0.77x | $1.96 | $0.18 | — | low | Trading 23% below composite DCF estimate |
| THL | Tourism Holdings Limited | Consumer Discretionary | $2.86 | $3.48 | 0.82x | — | $1.75 | $5.21 | low | Trading 18% below composite DCF estimate |
| TWR | Tower Limited | Financials | $1.99 | $2.38 | 0.84x | $2.38 | — | — | low | Trading 16% below composite DCF estimate |
| 2CC | 2 Cheap Cars Group Limited | Financials | $0.88 | $1.01 | 0.87x | $1.45 | $0.14 | — | low | Trading 13% below composite DCF estimate |
| FBU | Fletcher Building | Materials | $3.56 | $3.16 | 1.13x | $2.14 | $5.20 | — | low | Trading 13% above composite DCF estimate |
| VCT | Vector Limited | Utilities | $4.73 | $4.20 | 1.13x | — | $3.16 | $5.24 | medium | Trading 13% above composite DCF estimate |
| MFB | My Food Bag Group Limited | Financials | $0.29 | $0.25 | 1.16x | $0.32 | $0.12 | — | low | Trading 16% above composite DCF estimate |
| CEN | Contact Energy Limited | Utilities | $8.65 | $7.04 | 1.23x | $6.93 | — | $7.24 | high | Trading 23% above composite DCF estimate |
| SKC | SkyCity Entertainment Group Limited | Consumer Discretionary | $0.66 | $0.50 | 1.32x | — | $0.30 | $0.70 | lowSTALE | Trading 32% above composite DCF estimate |
| SCL | Scales Corporation Limited | Industrials | $6.77 | $4.97 | 1.36x | $3.55 | — | $7.62 | low | Trading 36% above composite DCF estimate |
| DOW | Downer EDI Limited | Industrials | $5.65 | $4.10 | 1.38x | $5.11 | $2.08 | — | low | Trading 38% above composite DCF estimate |
| EBO | EBOS Group Limited | Healthcare | $19.50 | $13.95 | 1.40x | $12.53 | $3.38 | $27.36 | low | Trading 40% above composite DCF estimate |
| MFT | Mainfreight Limited | Industrials | $66.50 | $45.51 | 1.46x | $42.75 | $5.05 | $91.47 | low | Trading 46% above composite DCF estimate |
| SCT | Scott Technology Limited | Industrials | $2.66 | $1.73 | 1.54x | $1.13 | $0.25 | $4.41 | low | Trading 54% above composite DCF estimate |
| SAN | Sanford Limited | Consumer Staples | $6.75 | $4.26 | 1.58x | $6.25 | $0.33 | $4.20 | low | Trading 58% above composite DCF estimate |
| RBD | Restaurant Brands New Zealand Limited | Consumer Discretionary | $4.98 | $2.90 | 1.72x | $3.22 | $1.03 | $4.13 | low | Trading 72% above composite DCF estimate |
| GTK | Gentrack Group Limited | Information Technology | $3.84 | $2.07 | 1.86x | $1.33 | $0.27 | $5.34 | low | Trading 86% above composite DCF estimate |
| OCA | Oceania Healthcare Limited | Healthcare | $0.74 | $0.38 | 1.96x | — | $0.25 | $0.51 | medium | Trading 96% above composite DCF estimate |
| MEL | Meridian Energy Limited | Utilities | $5.46 | $2.77 | 1.97x | $2.31 | — | $3.63 | medium | Trading 97% above composite DCF estimate |
| KMD | KMD Brands Limited | Consumer Discretionary | $1.92 | $0.97 | 1.98x | $0.67 | $1.02 | $1.52 | low | Trading 98% above composite DCF estimate |
| SEK | Seeka Limited | Consumer Staples | $5.25 | $2.54 | 2.07x | $0.05 | — | $7.16 | low | Trading 107% above composite DCF estimate |
| TAH | Third Age Health Services Limited | Consumer Discretionary | $4.76 | $2.13 | 2.23x | $2.32 | $0.23 | $3.64 | low | Trading 123% above composite DCF estimate |
| BGP | Briscoe Group Limited | Consumer Discretionary | $4.45 | $1.97 | 2.26x | $2.65 | $0.60 | — | low | Trading 126% above composite DCF estimate |
| VNT | Ventia Services Group Limited | Industrials | $7.40 | $3.26 | 2.27x | $2.82 | $0.70 | $6.68 | low | Trading 127% above composite DCF estimate |
| ATM | The a2 Milk Company Limited | Consumer Staples | $8.29 | $3.63 | 2.28x | — | $3.63 | — | low | Trading 128% above composite DCF estimate |
| PYS | PaySauce Limited | Information Technology | $0.23 | $0.09 | 2.56x | $0.06 | — | $0.14 | low | Trading 156% above composite DCF estimate |
| DGL | Delegat Group Limited | Consumer Staples | $4.25 | $1.64 | 2.59x | $0.46 | $1.48 | $4.16 | low | Trading 159% above composite DCF estimate |
| AFT | AFT Pharmaceuticals Limited | Healthcare | $4.39 | $1.64 | 2.68x | — | $1.64 | — | lowSTALE | Trading 168% above composite DCF estimate |
| FRW | Freightways Group Limited | Industrials | $12.75 | $4.52 | 2.82x | $2.45 | — | $8.35 | low | Trading 182% above composite DCF estimate |
| VGL | Vista Group International Limited | Information Technology | $2.76 | $0.98 | 2.82x | — | $0.11 | $1.85 | low | Trading 182% above composite DCF estimate |
| MPG | Metro Performance Glass | Real Estate | $0.85 | $0.28 | 3.04x | $0.30 | $0.23 | — | high | Trading 204% above composite DCF estimate |
| AIA | Auckland International Airport Limited | Industrials | $8.55 | $2.69 | 3.18x | — | $0.51 | $4.86 | low | Trading 218% above composite DCF estimate |
| POT | Port of Tauranga Limited | Industrials | $8.25 | $2.58 | 3.20x | — | $1.67 | $3.48 | low | Trading 220% above composite DCF estimate |
| WBC | Westpac Banking Corporation | Financials | $42.80 | $12.28 | 3.49x | — | $12.28 | — | low | Trading 249% above composite DCF estimate |
| NPH | Napier Port Holdings Limited | Industrials | $3.74 | $1.07 | 3.50x | $1.07 | — | — | low | Trading 250% above composite DCF estimate |
| TGG | T&G Global Limited | Consumer Staples | $2.30 | $0.63 | 3.65x | — | $0.63 | — | low | Trading 265% above composite DCF estimate |
| RYM | Ryman Healthcare Limited | Healthcare | $1.96 | $0.52 | 3.76x | — | $0.52 | — | low | Trading 276% above composite DCF estimate |
| NZX | NZX Limited | Financials | $1.48 | $0.38 | 3.89x | — | $0.38 | — | low | Trading 289% above composite DCF estimate |
| IFT | Infratil Limited | Utilities | $14.30 | $3.60 | 3.97x | — | $2.34 | $4.85 | medium | Trading 297% above composite DCF estimate |
| BRM | Barramundi Limited | Financials | $0.45 | $0.11 | 4.09x | — | $0.11 | — | low | Trading 309% above composite DCF estimate |
| KFL | Kingfish Limited | Financials | $1.08 | $0.26 | 4.15x | — | $0.26 | — | low | Trading 315% above composite DCF estimate |
| PHL | Promisia Healthcare Limited | Healthcare | $0.71 | $0.17 | 4.21x | — | — | $0.17 | low | Trading 321% above composite DCF estimate |
| FPH | Fisher & Paykel Healthcare Corporation Limited | Healthcare | $45.00 | $9.90 | 4.55x | $9.90 | — | — | low | Trading 355% above composite DCF estimate |
| SKO | Serko Limited | Industrials | $1.33 | $0.26 | 5.12x | $0.26 | — | — | low | Trading 412% above composite DCF estimate |
| CNU | Chorus Limited | Communication Services | $8.43 | $1.61 | 5.24x | — | $1.61 | — | low | Trading 424% above composite DCF estimate |
| KPG | Kiwi Property | Real Estate | $0.91 | $0.17 | 5.35x | — | $0.17 | — | low | Trading 435% above composite DCF estimate |
| HFL | Henderson Far East Income Limited | Financials | $6.40 | $1.13 | 5.66x | $1.49 | $0.40 | — | lowSTALE | Trading 466% above composite DCF estimate |
| MCY | Mercury NZ Limited | Utilities | $6.85 | $1.19 | 5.76x | — | $1.19 | — | low | Trading 476% above composite DCF estimate |
| AFI | Australian Foundation Investment Company Limited | Financials | $8.19 | $1.31 | 6.25x | — | $1.31 | — | low | Trading 525% above composite DCF estimate |
| MLN | Marlin Global Limited | Financials | $0.70 | $0.11 | 6.36x | — | $0.11 | — | low | Trading 536% above composite DCF estimate |
| MCK | Millennium & Copthorne Hotels New Zealand Limited | Consumer Discretionary | $3.06 | $0.44 | 6.95x | — | $0.44 | — | lowSTALE | Trading 595% above composite DCF estimate |
| HLG | Hallenstein Glasson Holdings Limited | Consumer Discretionary | $13.25 | $1.65 | 8.03x | — | $1.65 | — | low | Trading 703% above composite DCF estimate |
| GNZ | Goodman NZ | Real Estate | $1.90 | $0.23 | 8.26x | — | $0.23 | — | low | Trading 726% above composite DCF estimate |
| SPG | Stride Property Limited | Real Estate | $1.08 | $0.13 | 8.31x | — | $0.13 | — | low | Trading 731% above composite DCF estimate |
| CMO | The Colonial Motor Company Limited | Consumer Discretionary | $7.31 | $0.86 | 8.50x | — | $0.86 | — | low | Trading 750% above composite DCF estimate |
| ARG | Argosy Property Limited | Real Estate | $1.01 | $0.11 | 9.23x | — | $0.11 | — | low | Trading 823% above composite DCF estimate |
| ANZ | ANZ Group Holdings Limited | Financials | $46.88 | $5.03 | 9.32x | $3.35 | $8.38 | — | low | Trading 832% above composite DCF estimate |
| CDI | CDL Investments New Zealand Limited | Real Estate | $0.57 | $0.06 | 9.50x | — | $0.06 | — | low | Trading 850% above composite DCF estimate |
| IPL | Investore Property Limited | Real Estate | $1.01 | $0.10 | 10.10x | — | $0.10 | — | low | Trading 910% above composite DCF estimate |
| PCT | Precinct Properties New Zealand Limited | Real Estate | $0.92 | $0.09 | 10.22x | — | $0.09 | — | low | Trading 922% above composite DCF estimate |
| NZL | New Zealand Rural Land Company Limited | Real Estate | $0.94 | $0.08 | 11.75x | — | $0.08 | — | low | Trading 1075% above composite DCF estimate |
| VHP | Vital Healthcare Property Trust | Real Estate | $1.84 | $0.15 | 12.27x | — | $0.15 | — | low | Trading 1127% above composite DCF estimate |
| TRA | Turners Automotive Group | Consumer Discretionary | $7.54 | $0.51 | 14.78x | — | $0.51 | — | low | Trading 1378% above composite DCF estimate |
| PFI | Property for Industry Limited | Real Estate | $2.29 | $0.14 | 16.36x | — | $0.14 | — | lowSTALE | Trading 1536% above composite DCF estimate |
| PLP | Private Land and Property Fund | Real Estate | $1.25 | $0.04 | 31.25x | — | $0.04 | — | low | Trading 3025% above composite DCF estimate |
| SUM | Summerset Group Holdings Limited | Healthcare | $7.68 | $0.23 | 33.39x | — | $0.23 | — | low | Trading 3239% above composite DCF estimate |
| WIN | Winton Land Limited | Real Estate | $1.10 | $0.03 | 36.67x | — | $0.03 | — | low | Trading 3567% above composite DCF estimate |
| VSL | Vulcan Steel Limited | Materials | $7.00 | $0.17 | 41.18x | — | $0.17 | — | low | Trading 4018% above composite DCF estimate |
| BIT | The Bankers Investment Trust PLC | Financials | $3.54 | $0.05 | 70.80x | — | $0.05 | — | lowSTALE | Trading 6980% above composite DCF estimate |
| FCT | F&C INVESTMENT TRUST PLC | Financials | $8.00 | $0.06 | 133.30x | — | $0.06 | — | low | Trading 13230% above composite DCF estimate |