Did an exercise to see how far the NZX10 will have to fall to get to 2009 levels from a pe and yield perspective.
From a div yield perspective, it needs to drop about 9.6%
From a pe perspective, it needs to drop about 28%
|
|
2009 |
|
2015 |
|
|
|
pe |
yield |
pe |
yield |
Fletcher Building Ltd |
FBU |
9.8 |
5.78 |
12.92 |
4.91 |
Spark New Zealand Ltd |
SPK |
10.42 |
8.79 |
14.98 |
6.29 |
Auckland Intl Airport Ltd |
AIA |
18.61 |
5.09 |
35.54 |
2.07 |
Ryman Healthcare Group Ltd |
RYM |
13.25 |
3.72 |
28.1 |
1.8 |
Fisher & Paykel Healthcare Corporation Limited |
FPH |
26.78 |
3.92 |
34.29 |
2.07 |
Meridian Energy Ltd |
MEL |
|
|
|
|
SkyCity Entertainment Group |
SKC |
12 |
5.78 |
15.2 |
5.05 |
Sky Network Television Limited |
SKT |
18.32 |
3.37 |
11.51 |
5.75 |
Contact Energy Ltd |
CEN |
12 |
4.79 |
15.2 |
9.66 |
Infratil Ltd |
IFT |
|
|
|
|
|
|
15.1 |
5.2 |
21.0 |
4.7 |
Did not include IFT because it was loss making
Did not include MEL as it was not listed