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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.
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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| MOVE Logistics Group Limited |
| Industrials |
| $0.18 |
| $0.98 |
| 0.18x |
| $1.32 |
| $0.29 |
| — |
| low |
| Trading 82% below composite DCF estimate |
| WHS | The Warehouse Group Limited | Consumer Discretionary | $0.69 | $3.80 | 0.18x | $5.56 | $0.29 | — | low | Trading 82% below composite DCF estimate |
| SVR | Savor Limited | Consumer Staples | $0.18 | $1.00 | 0.19x | $0.97 | — | $1.07 | high | Trading 81% below composite DCF estimate |
| CCC | Cooks Coffee Company Limited | Consumer Staples | $0.12 | $0.52 | 0.23x | $0.70 | — | $0.20 | low | Trading 77% below composite DCF estimate |
| STU | Steel & Tube Holdings Limited | Materials | $0.30 | $1.17 | 0.26x | $1.64 | $0.22 | — | low | Trading 74% below composite DCF estimate |
| KMD | KMD Brands Limited | Consumer Discretionary | $2.24 | $8.45 | 0.27x | $12.55 | $0.26 | — | low | Trading 73% 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 |
| GEN | General Capital Limited | Financials | $0.28 | $0.82 | 0.34x | $1.22 | $0.02 | — | low | Trading 66% below composite DCF estimate |
| MHJ | Michael Hill International Limited | Consumer Discretionary | $0.42 | $1.17 | 0.36x | $1.64 | $0.23 | — | low | Trading 64% below composite DCF estimate |
| SKT | Sky Network Television Limited | Communication Services | $3.78 | $9.38 | 0.40x | $9.38 | — | — | low | Trading 60% below composite DCF estimate |
| NZK | New Zealand King Salmon Investments Limited | Consumer Staples | $0.25 | $0.58 | 0.43x | $0.81 | $0.13 | $0.58 | low | Trading 57% below composite DCF estimate |
| ENS | Enprise Group Limited | Information Technology | $0.42 | $0.93 | 0.45x | $0.15 | $2.49 | — | low | Trading 55% below composite DCF estimate |
| LIC | Livestock Improvement Corporation Limited | Financials | $1.15 | $2.15 | 0.53x | $2.84 | $0.78 | — | low | Trading 47% below composite DCF estimate |
| SEK | Seeka Limited | Consumer Staples | $5.05 | $9.26 | 0.55x | $6.95 | $2.60 | $20.53 | low | Trading 45% below composite DCF estimate |
| AGL | Accordant Group Limited | Utilities | $0.14 | $0.24 | 0.60x | $0.26 | $0.20 | — | high | Trading 40% below composite DCF estimate |
| GXH | Green Cross Health Limited | Healthcare | $1.91 | $3.16 | 0.60x | $4.11 | $1.27 | — | low | Trading 40% below composite DCF estimate |
| NZM | NZME Limited | Communication Services | $0.96 | $1.42 | 0.68x | $2.00 | $0.27 | — | low | Trading 32% below composite DCF estimate |
| FSF | Fonterra Shareholders' Fund | Consumer Staples | $9.26 | $13.04 | 0.71x | $17.47 | $4.17 | — | low | Trading 29% below composite DCF estimate |
| FBU | Fletcher Building | Materials | $3.75 | $5.20 | 0.72x | — | $5.20 | — | low | Trading 28% below composite DCF estimate |
| DGL | Delegat Group Limited | Consumer Staples | $4.38 | $5.96 | 0.73x | — | $2.92 | $9.00 | low | Trading 27% below composite DCF estimate |
| FCG | Fonterra Co-operative Group Limited | Consumer Staples | $5.80 | $7.79 | 0.74x | $9.20 | — | $5.17 | medium | Trading 26% below composite DCF estimate |
| SPK | Spark New Zealand Limited | Communication Services | $2.13 | $2.71 | 0.79x | $3.83 | $0.48 | — | low | Trading 21% below composite DCF estimate |
| WBC | Westpac Banking Corporation | Financials | $45.70 | $57.96 | 0.79x | $57.96 | — | — | low | Trading 21% below composite DCF estimate |
| FWL | Foley Wines Limited | Consumer Staples | $0.60 | $0.70 | 0.86x | $0.63 | $0.13 | $1.41 | low | Trading 14% below composite DCF estimate |
| TWR | Tower Limited | Financials | $2.07 | $2.38 | 0.87x | $2.38 | — | — | low | Trading 13% below composite DCF estimate |
| SPG | Stride Property Limited | Real Estate | $1.13 | $1.10 | 1.03x | $1.58 | $0.13 | — | low | Trading near the composite DCF estimate |
| GNE | Genesis Energy Limited | Utilities | $2.39 | $2.12 | 1.13x | $2.75 | $0.87 | — | low | Trading 13% above composite DCF estimate |
| HLG | Hallenstein Glasson Holdings Limited | Consumer Discretionary | $14.25 | $12.46 | 1.14x | $17.19 | $3.00 | — | low | Trading 14% above composite DCF estimate |
| KFL | Kingfish Limited | Financials | $1.11 | $0.97 | 1.14x | $1.36 | $0.20 | — | low | Trading 14% above composite DCF estimate |
| NZX | NZX Limited | Financials | $1.55 | $1.34 | 1.16x | $1.83 | $0.35 | — | low | Trading 16% above composite DCF estimate |
| 2CC | 2 Cheap Cars Group Limited | Financials | $0.91 | $0.73 | 1.25x | $1.05 | $0.10 | — | low | Trading 25% above composite DCF estimate |
| BFG | Burger Fuel Group Limited | Consumer Discretionary | $0.37 | $0.29 | 1.28x | $0.29 | — | — | low | Trading 28% above composite DCF estimate |
| MFB | My Food Bag Group Limited | Financials | $0.32 | $0.25 | 1.28x | $0.32 | $0.11 | — | low | Trading 28% above composite DCF estimate |
| BGP | Briscoe Group Limited | Consumer Discretionary | $4.29 | $3.32 | 1.29x | $4.68 | $0.60 | — | low | Trading 29% above composite DCF estimate |
| CNU | Chorus Limited | Communication Services | $8.15 | $6.07 | 1.34x | — | $6.07 | — | low | Trading 34% above composite DCF estimate |
| TGG | T&G Global Limited | Consumer Staples | $2.23 | $1.62 | 1.38x | — | $0.63 | $2.60 | low | Trading 38% above composite DCF estimate |
| SAN | Sanford Limited | Consumer Staples | $6.84 | $4.86 | 1.41x | $5.38 | $0.52 | $8.17 | low | Trading 41% above composite DCF estimate |
| PGW | PGG Wrightson Limited | Industrials | $2.20 | $1.42 | 1.55x | $1.99 | $0.27 | — | low | Trading 55% above composite DCF estimate |
| ARB | ArborGen Holdings Limited | Industrials | $0.07 | $0.04 | 1.63x | $0.04 | — | — | low | Trading 63% above composite DCF estimate |
| SCL | Scales Corporation Limited | Industrials | $6.55 | $4.00 | 1.64x | $4.00 | — | — | low | Trading 64% above composite DCF estimate |
| TAH | Third Age Health Services Limited | Consumer Discretionary | $4.06 | $2.39 | 1.70x | $3.41 | $0.34 | — | low | Trading 70% above composite DCF estimate |
| MFT | Mainfreight Limited | Industrials | $66.55 | $37.60 | 1.77x | $52.25 | $8.30 | — | low | Trading 77% above composite DCF estimate |
| AFT | AFT Pharmaceuticals Limited | Healthcare | $4.52 | $2.21 | 2.05x | $2.49 | $1.64 | — | medium | Trading 105% above composite DCF estimate |
| VSL | Vulcan Steel Limited | Materials | $7.00 | $3.38 | 2.07x | $4.99 | $0.17 | — | low | Trading 107% above composite DCF estimate |
| ATM | The a2 Milk Company Limited | Consumer Staples | $8.87 | $4.24 | 2.09x | $5.28 | $1.32 | $5.07 | low | Trading 109% above composite DCF estimate |
| SKC | SkyCity Entertainment Group Limited | Consumer Discretionary | $0.70 | $0.30 | 2.35x | — | $0.30 | — | low | Trading 135% above composite DCF estimate |
| HGH | Heartland Group Holdings Limited | Financials | $1.25 | $0.53 | 2.36x | — | $0.53 | — | low | Trading 136% above composite DCF estimate |
| SCT | Scott Technology Limited | Industrials | $2.45 | $1.03 | 2.38x | $1.13 | $0.83 | — | high | Trading 138% above composite DCF estimate |
| SKL | Skellerup Holdings Limited | Industrials | $7.71 | $3.22 | 2.39x | $4.16 | $1.34 | — | low | Trading 139% above composite DCF estimate |
| BLT | BLIS Technologies Limited | Consumer Staples | $0.03 | $0.01 | 2.50x | — | — | $0.01 | low | Trading 150% above composite DCF estimate |
| MLN | Marlin Global Limited | Financials | $0.71 | $0.27 | 2.63x | $0.31 | $0.18 | — | medium | Trading 163% above composite DCF estimate |
| IPL | Investore Property Limited | Real Estate | $1.03 | $0.35 | 2.94x | $0.44 | $0.16 | — | low | Trading 194% above composite DCF estimate |
| RYM | Ryman Healthcare Limited | Healthcare | $1.85 | $0.63 | 2.94x | $0.69 | $0.52 | — | high | Trading 194% above composite DCF estimate |
| VCT | Vector Limited | Utilities | $4.54 | $1.49 | 3.05x | — | $1.49 | — | low | Trading 205% above composite DCF estimate |
| PYS | PaySauce Limited | Information Technology | $0.19 | $0.06 | 3.23x | $0.06 | — | — | low | Trading 223% above composite DCF estimate |
| PFI | Property for Industry Limited | Real Estate | $2.21 | $0.66 | 3.35x | $0.87 | $0.24 | — | low | Trading 235% above composite DCF estimate |
| MEL | Meridian Energy Limited | Utilities | $5.94 | $1.75 | 3.39x | $2.25 | $0.76 | — | low | Trading 239% above composite DCF estimate |
| VNT | Ventia Services Group Limited | Industrials | $6.29 | $1.85 | 3.40x | $2.43 | $0.70 | — | low | Trading 240% above composite DCF estimate |
| EBO | EBOS Group Limited | Healthcare | $21.40 | $5.99 | 3.57x | $6.40 | $5.18 | — | high | Trading 257% above composite DCF estimate |
| GNZ | Goodman NZ | Real Estate | $1.89 | $0.53 | 3.57x | $0.69 | $0.20 | — | low | Trading 257% above composite DCF estimate |
| CHI | Channel Infrastructure NZ Limited | Energy | $3.27 | $0.87 | 3.76x | — | $0.87 | — | low | Trading 276% above composite DCF estimate |
| MPG | Metro Performance Glass | Real Estate | $0.92 | $0.23 | 4.00x | — | $0.23 | — | low | Trading 300% above composite DCF estimate |
| NPH | Napier Port Holdings Limited | Industrials | $3.54 | $0.84 | 4.21x | $1.08 | $0.37 | — | low | Trading 321% above composite DCF estimate |
| RAD | Radius Residential Care Limited | Healthcare | $0.41 | $0.09 | 4.56x | — | $0.09 | — | low | Trading 356% above composite DCF estimate |
| OCA | Oceania Healthcare Limited | Healthcare | $0.65 | $0.14 | 4.64x | — | $0.14 | — | low | Trading 364% above composite DCF estimate |
| RBD | Restaurant Brands New Zealand Limited | Consumer Discretionary | $4.98 | $1.03 | 4.83x | — | $1.03 | — | lowSTALE | Trading 383% above composite DCF estimate |
| MCY | Mercury NZ Limited | Utilities | $6.64 | $1.32 | 5.03x | $1.65 | $0.66 | — | low | Trading 403% above composite DCF estimate |
| POT | Port of Tauranga Limited | Industrials | $8.21 | $1.59 | 5.16x | $1.55 | $1.67 | — | high | Trading 416% above composite DCF estimate |
| FRW | Freightways Group Limited | Industrials | $12.57 | $2.43 | 5.17x | $2.45 | $2.39 | — | high | Trading 417% above composite DCF estimate |
| AFI | Australian Foundation Investment Company Limited | Financials | $8.60 | $1.64 | 5.24x | $2.16 | $0.59 | — | low | Trading 424% above composite DCF estimate |
| HFL | Henderson Far East Income Limited | Financials | $5.89 | $1.11 | 5.31x | $1.47 | $0.40 | — | low | Trading 431% above composite DCF estimate |
| SDL | Solution Dynamics Limited | Consumer Discretionary | $0.65 | $0.12 | 5.42x | — | $0.12 | — | low | Trading 442% above composite DCF estimate |
| ANZ | ANZ Group Holdings Limited | Financials | $48.50 | $8.38 | 5.79x | — | $8.38 | — | low | Trading 479% above composite DCF estimate |
| PCT | Precinct Properties New Zealand Limited | Real Estate | $1.00 | $0.17 | 5.88x | — | $0.17 | — | low | Trading 488% above composite DCF estimate |
| ARG | Argosy Property Limited | Real Estate | $1.02 | $0.17 | 6.03x | — | $0.17 | — | low | Trading 503% above composite DCF estimate |
| KPG | Kiwi Property | Real Estate | $0.94 | $0.15 | 6.23x | — | $0.15 | — | low | Trading 523% above composite DCF estimate |
| GTK | Gentrack Group Limited | Information Technology | $4.80 | $0.76 | 6.32x | $1.01 | $0.27 | — | low | Trading 532% above composite DCF estimate |
| SPN | South Port New Zealand Limited | Industrials | $7.90 | $1.22 | 6.48x | — | $1.22 | — | low | Trading 548% above composite DCF estimate |
| VHP | Vital Healthcare Property Trust | Real Estate | $1.81 | $0.24 | 7.54x | — | $0.24 | — | low | Trading 654% above composite DCF estimate |
| ALF | Allied Farmers Limited | Financials | $0.63 | $0.08 | 7.81x | — | $0.08 | — | low | Trading 681% above composite DCF estimate |
| CMO | The Colonial Motor Company Limited | Consumer Discretionary | $6.81 | $0.86 | 7.92x | — | $0.86 | — | low | Trading 692% above composite DCF estimate |
| BIT | The Bankers Investment Trust PLC | Financials | $3.46 | $0.40 | 8.66x | $0.57 | $0.05 | — | lowSTALE | Trading 766% above composite DCF estimate |
| FPH | Fisher & Paykel Healthcare Corporation Limited | Healthcare | $48.44 | $5.36 | 9.04x | $7.07 | $1.94 | — | low | Trading 804% above composite DCF estimate |
| BRM | Barramundi Limited | Financials | $0.48 | $0.05 | 9.68x | $0.04 | $0.07 | — | medium | Trading 868% above composite DCF estimate |
| MCK | Millennium & Copthorne Hotels New Zealand Limited | Consumer Discretionary | $3.09 | $0.31 | 9.97x | — | $0.31 | — | low | Trading 897% above composite DCF estimate |
| CDI | CDL Investments New Zealand Limited | Real Estate | $0.62 | $0.06 | 10.33x | — | $0.06 | — | low | Trading 933% above composite DCF estimate |
| NZL | New Zealand Rural Land Company Limited | Real Estate | $0.91 | $0.08 | 11.38x | — | $0.08 | — | low | Trading 1038% above composite DCF estimate |
| TRA | Turners Automotive Group | Consumer Discretionary | $7.15 | $0.60 | 11.92x | — | $0.60 | — | low | Trading 1092% above composite DCF estimate |
| CVT | Comvita Limited | Industrials | $0.79 | $0.06 | 13.08x | — | $0.06 | — | low | Trading 1208% above composite DCF estimate |
| AIA | Auckland International Airport Limited | Industrials | $9.00 | $0.59 | 15.25x | — | $0.59 | — | low | Trading 1425% above composite DCF estimate |
| THL | Tourism Holdings Limited | Consumer Discretionary | $2.85 | $0.17 | 16.76x | — | $0.17 | — | low | Trading 1576% above composite DCF estimate |
| PLP | Private Land and Property Fund | Real Estate | $1.18 | $0.05 | 23.60x | — | $0.05 | — | low | Trading 2260% above composite DCF estimate |
| SUM | Summerset Group Holdings Limited | Healthcare | $6.28 | $0.23 | 27.30x | — | $0.23 | — | low | Trading 2630% above composite DCF estimate |
| IFT | Infratil Limited | Utilities | $13.66 | $0.48 | 28.46x | — | $0.48 | — | low | Trading 2746% above composite DCF estimate |
| WIN | Winton Land Limited | Real Estate | $1.16 | $0.03 | 38.67x | — | $0.03 | — | low | Trading 3767% above composite DCF estimate |
| VGL | Vista Group International Limited | Information Technology | $2.62 | $0.06 | 43.67x | — | $0.06 | — | low | Trading 4267% above composite DCF estimate |
| FCT | F&C INVESTMENT TRUST PLC | Financials | $7.91 | $0.06 | 131.80x | — | $0.06 | — | low | Trading 13080% above composite DCF estimate |