The current NZX companies that most clearly illustrate each Annolyse principle, selected from the latest generated rankings.
Examples generated 08-06-2026 9:22pm NZT from principles snapshot 08-06-2026 9:22pm NZT.
The quality of the business trajectory and the quality of the market outcome are separate signals.
PEB
Pacific Edge currently illustrates the opposite side of process versus outcome: fundamentals are deteriorating while the share price is up +209.3% over 12 months. The price outcome looks good, but the business-direction signal is weaker.
RAK
Rakon currently illustrates a decoupled Mr. Market case: fundamentals are classified as stable while the share price moved +176.8% over 12 months. That difference is the useful part of the signal, not a recommendation. Historical context adds: PBT growth: 73.6%, above normal range; 3-period mean -3218.6%, range -9571.7%-14.9%.
ArborGen Holdings currently illustrates process versus outcome because fundamentals are classified as improving while the share price is down -38.6% over 12 months. The market outcome looks poor; the business-direction signal is stronger than the price chart alone suggests. Historical context adds: EBITDA margin: 16.8%, below normal range; 3-period mean 19.1%, range 17.7%-21.2%.
Vista Group International currently illustrates process versus outcome because fundamentals are classified as improving while the share price is down -38.0% over 12 months. The market outcome looks poor; the business-direction signal is stronger than the price chart alone suggests.
Michael Hill International currently illustrates process versus outcome because fundamentals are classified as improving while the share price is down -11.4% over 12 months. The market outcome looks poor; the business-direction signal is stronger than the price chart alone suggests. Historical context adds: Debtor days: 0.0 days, below normal range; 3-period mean 8.0 days, range 7.2 days-9.6 days.
Large market moves are most useful when viewed beside the underlying business volatility.
Scott Technology is a euphoric Mr. Market example: fundamentals are stable while the share price rose +44.9%. The noise ratio is 8.3×, so the price range moved much more than the business inputs.
KMD
KMD Brands is a panicking Mr. Market example: fundamentals are stable while the share price fell -76.1%. The noise ratio is 7.0×, so the market moved much more than the business inputs.
EBO
EBOS Group is a panicking Mr. Market example: fundamentals are stable while the share price fell -46.7%. The noise ratio is 5.8×, so the market moved much more than the business inputs.
Fonterra Co-operative Group is a euphoric Mr. Market example: fundamentals are stable while the share price rose +39.4%. The noise ratio is 5.1×, so the price range moved much more than the business inputs.
Livestock Improvement Corporation is a euphoric Mr. Market example: fundamentals are stable while the share price rose +27.4%. The noise ratio is 4.9×, so the price range moved much more than the business inputs.
For accumulators, the useful question is whether each new dollar now buys more earnings or cash flow while the business held up.
KMD
KMD Brands is currently net-buyer favourable: earnings yield improved by n/a, FCF yield moved by +4142 bps, and fundamentals are classified as stable. That makes the accumulation arithmetic more favourable than it was around the lookback anchor.
New Talisman Gold Mines is a caution example: yield improved, but fundamentals are classified as deteriorating. That is the pattern where a higher yield may reflect real business repricing rather than a cleaner opportunity.
Promisia Healthcare is currently net-buyer favourable: earnings yield improved by +2785 bps, FCF yield moved by n/a, and fundamentals are classified as improving. That makes the accumulation arithmetic more favourable than it was around the lookback anchor. Historical context adds: OCF / EBITDA cash conversion: 96.2%, below normal range; 3-period mean 167.2%, range 107.1%-197.5%.
Sky Network Television is currently net-buyer favourable: earnings yield improved by n/a, FCF yield moved by +2220 bps, and fundamentals are classified as improving. That makes the accumulation arithmetic more favourable than it was around the lookback anchor. Historical context adds: OCF / EBITDA cash conversion: 126.7%, above normal range; 3-period mean 85.5%, range 76.2%-103.4%.
T&G Global Limited and subsidiary companies is currently net-buyer favourable: earnings yield improved by n/a, FCF yield moved by +1387 bps, and fundamentals are classified as improving. That makes the accumulation arithmetic more favourable than it was around the lookback anchor. Historical context adds: ROE: 2.0%, above normal range; 4-period mean -3.2%, range -10.1%-1.5%.