NZX stock analysis
NZX (5NZ) Stock Price & Analysis
5NZ Stock Chart & Stats
- Day’s Range
- EUR 0.69 - EUR 0.69
- 52-Week Range
- EUR 0.56 - EUR 1.10
- Previous Close
- EUR 0.69
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 260.80M
- Enterprise Value
- EUR 502.62M
- Total Cash (Recent Filing)
- EUR 35.14M
- Total Debt (Recent Filing)
- EUR 73.53M
- Price to Earnings (P/E)
- 22.6
- Beta
- 0.26
- Next Earnings
- Feb 19, 2027 (Est.)
- EPS Estimate
- 0.02
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 4.77%
Bulls Say, Bears Say
Bulls Say
Diversified Earnings Growth
NZX is demonstrating that growth is not dependent on one market activity alone. Smartshares, wealth technology and derivatives contributed alongside its core exchange operations, supporting resilience, broader revenue opportunities and a stronger platform for investment over the next several quarters.
Steady Revenue And Operating Profitability
A multi-year revenue uptrend combined with strong gross and operating margins indicates a fundamentally profitable market-infrastructure model. This earnings base can support continued investment in products and technology while providing greater durability than growth driven only by temporary trading conditions.
Improved Global Market Connectivity
Adding a major international clearing participant strengthens NZX’s market infrastructure and broadens access for intermediaries and investors. Greater connectivity can improve the exchange’s relevance to global capital, reinforce ecosystem resilience and support longer-term participation across its services.
Bears Say
Sharp Decline In Capital Raising
A sustained slowdown in new issuance reduces activity linked to listings and capital formation, potentially limiting issuer-service growth and weakening the pipeline of future listed companies. This creates a structural headwind even while trading and funds businesses remain comparatively stronger.
Net Income And Margin Pressure
The decline in net income and net margin despite revenue growth shows that top-line expansion is not translating fully into bottom-line earnings. If this pressure persists, it could constrain reinvestment, reduce earnings predictability and weaken the financial benefits of NZX’s otherwise profitable model.
Uneven Cash Conversion
Improving recent cash generation is encouraging, but the history of negative free cash flow and fluctuating conversion makes internally generated funding less predictable. Uneven cash realization can complicate capital allocation and reduce flexibility when NZX is investing in growth initiatives.
NZX News
5NZ FAQ
What was NZX’s price range in the past 12 months?
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When is NZX’s upcoming earnings report date?
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What is NZX’s EPS estimate?
How many shares outstanding does NZX have?
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What is the TipRanks Smart Score and how is it calculated?
Company Description
NZX
NZX Limited functions as the primary operator of New Zealand's stock exchange. The company's diverse activities are structured across five principal divisions. Its Capital Markets Origination segment offers essential services to both existing and potential issuers aiming to raise capital. The Secondary Markets division handles trading and post-trade operations for both securities and derivatives, in addition to serving as a central securities depository. This segment also performs market operator duties for key entities such as the Fonterra Co-Operative Group, the Electricity Authority, and the Ministry for the Environment. Through its Data & Insights segment, NZX delivers crucial information services for the securities and derivatives sectors, alongside providing specialized analytical data for the dairy industry. The Funds Management segment is responsible for offering superannuation schemes, KiwiSaver products, and Smartshares exchange-traded funds (ETFs). Finally, the Wealth Technologies division provides comprehensive funds administration and custodial services, including the proprietary NZX Wealth Technologies platform, designed to empower financial advisors and brokers in managing their clients' investment portfolios effectively. Established in 1866, NZX Limited is based in Wellington, New Zealand.
- Sector
- Financial
- Industry
- Financial - Data & Stock Exchanges
- CEO
- Hishaam Mirza
- Employees
- 356
- Website
- www.nzx.com
- Address
- NZX Centre, Wellington, WGN, 6011, NZ
NZX (5NZ) Earnings & Revenues
5NZ Company Deck
5NZ Earnings Call
Earnings Call SentimentPositive
The call presented a largely positive operational and financial story: revenue up 7.3%, EBITDA (pre‑one‑offs) up 11.6%, strong growth in Smart and Wealth Technologies (ARR +22.2%, FUA +23.1%, average FUM +20.3%), improved margin (41.5%), and a higher dividend supported by stronger free cash flow (+25%). Offsetting these positives were headwinds in the Markets business (impacted by the Fonterra contract move and lower contractual revenues), a headline NPAT decline driven by prior year accounting items, targeted integration and restructuring costs, and near‑term uncertainty from macro and regulatory factors. On balance the company showed solid momentum in its growth businesses and healthy cash generation, while managing legacy market and one‑off pressures.
View all DE:5NZ earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 15 | 3 | 3 |
| Technical Analysis | 3 | 3 | 3 |
| Moving Averages | 12 | 0 | 0 |









