The current NZX companies that most clearly illustrate each Annolyse principle, selected from the latest generated rankings.
Examples generated 23-07-2026 10:18am NZT from principles snapshot 23-07-2026 10:18am 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 +154.7% 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: Revenue growth: 30.2%, above normal range; 3-period mean -19.9%, range -32.0%-2.0%.
ArborGen Holdings currently illustrates process versus outcome because fundamentals are classified as improving while the share price is down -43.5% 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 -29.8% over 12 months. The market outcome looks poor; the business-direction signal is stronger than the price chart alone suggests.
Rua Bioscience currently illustrates process versus outcome because fundamentals are classified as improving while the share price is down -20.0% over 12 months. The market outcome looks poor; the business-direction signal is stronger than the price chart alone suggests. Historical context adds: Revenue growth: 92.2%, above normal range; 3-period mean -31.8%, range -100.0%-33.8%.
Large market moves are most useful when viewed beside the underlying business volatility.
Spark New Zealand is a panicking Mr. Market example: fundamentals are stable while the share price fell -26.0%. The noise ratio is 17.1×, so the market moved much more than the business inputs. Historical context adds: OCF / EBITDA cash conversion: 134.6%, above normal range; 3-period mean 69.5%, range 57.9%-85.1%.
Scott Technology is a euphoric Mr. Market example: fundamentals are stable while the share price rose +25.0%. The noise ratio is 7.2×, so the price range moved much more than the business inputs.
EBO
EBOS Group is a panicking Mr. Market example: fundamentals are stable while the share price fell -44.4%. The noise ratio is 5.8×, so the market moved much more than the business inputs.
KMD
KMD Brands is a panicking Mr. Market example: fundamentals are stable while the share price fell -56.7%. The noise ratio is 5.4×, so the market moved much more than the business inputs.
Livestock Improvement Corporation is a euphoric Mr. Market example: fundamentals are stable while the share price rose +28.4%. The noise ratio is 5.0×, 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.
Promisia Healthcare is currently net-buyer favourable: earnings yield improved by +3488 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%.
KMD
KMD Brands is currently net-buyer favourable: earnings yield improved by n/a, FCF yield moved by +2706 bps, and fundamentals are classified as stable. That makes the accumulation arithmetic more favourable than it was around the lookback anchor.
T&G Global Limited and subsidiary companies is currently net-buyer favourable: earnings yield improved by n/a, FCF yield moved by +1649 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%.
Sky Network Television is currently net-buyer favourable: earnings yield improved by +1229 bps, FCF yield moved by +2093 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%.
Delegat Group is currently net-buyer favourable: earnings yield improved by +1155 bps, FCF yield moved by +803 bps, and fundamentals are classified as improving. That makes the accumulation arithmetic more favourable than it was around the lookback anchor.