Company Valuation: Vector Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,050 4,170 4,010 3,710 4,350 4,970 - -
Change - 2.97% -3.84% -7.48% 17.25% 14.26% - -
Enterprise Value (EV) 1 7,123 7,467 5,943 5,839 6,498 7,139 7,282 7,418
Change - 4.83% -20.41% -1.76% 11.3% 9.86% 2.01% 1.87%
P/E 21x 26.2x 2.34x 41.7x 26x 22.2x 19.9x 19.1x
PBR 1.75x 1.73x 1.02x 0.99x 1.21x 1.39x 1.4x 1.42x
PEG - -1.5x 0x -0.4x 0.3x 0.7x 1.7x 4.44x
Capitalization / Revenue 3.17x 3.11x 2.76x 3.25x 3.94x 4.26x 4.09x 3.89x
EV / Revenue 5.57x 5.58x 4.1x 5.12x 5.89x 6.12x 5.99x 5.8x
EV / EBITDA 11.2x 11.1x 11.4x 15.3x 15.7x 10.3x 9.72x 9.39x
EV / EBIT 19.6x 33.9x 22.4x 38.8x 35.9x 15.9x 14.7x 14.1x
EV / FCF - - - -134x 161x 70.3x 43.1x 39.4x
FCF Yield - - - -0.75% 0.62% 1.42% 2.32% 2.54%
Dividend per Share 2 0.1675 0.1675 0.1675 0.2225 0.25 0.2638 0.2833 0.2993
Rate of return 4.14% 4.02% 4.18% 6% 5.75% 5.31% 5.7% 6.02%
EPS 2 0.193 0.159 1.714 0.089 0.167 0.2234 0.2492 0.2599
Distribution rate 86.8% 105% 9.77% 250% 150% 118% 114% 115%
Net sales 1 1,279 1,339 1,451 1,141 1,104 1,167 1,216 1,278
EBITDA 1 634.3 672.5 523.3 381.8 414 691.6 749.1 790.1
EBIT 1 364.2 220.2 265.2 150.4 181 449.8 497 527.6
Net income 1 193.2 158.9 1,714 88.6 166.5 226.9 256.3 273.7
Net Debt 1 3,073 3,297 1,933 2,129 2,148 2,169 2,312 2,448
Reference price 2 4.050 4.170 4.010 3.710 4.350 4.970 4.970 4.970
Nbr of stocks (in thousands) 999,916 999,972 999,974 999,974 999,974 1,000,000 - -
Announcement Date 23/08/21 26/08/22 25/08/23 26/08/24 25/08/25 - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.71x6.01x10.15x5.44% 2.78B
34x6.25x16.98x1.67% 80.81B
13.65x5.57x12.18x4.06% 80.53B
14.4x1.57x8.08x5.11% 75.65B
17.88x6.96x14.58x2.89% 59.89B
16.27x1.15x9.49x3.32% 53.27B
22.19x2.59x9.33x2.35% 44.99B
65.56x21.98x38.18x0.29% 40.49B
18.54x5.24x13.25x3.32% 40.17B
18.11x5.2x10.12x4.36% 39.07B
Average 24.23x 6.25x 14.23x 3.28% 51.76B
Weighted average by Cap. 23.26x 5.77x 14.03x 3.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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-40%: Exceptional extension
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