Company Valuation: Vector Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,170 4,010 3,710 4,350 5,050 4,940 - -
Change - -3.84% -7.48% 17.25% 16.1% -2.18% - -
Enterprise Value (EV) 1 7,467 5,943 5,839 6,498 7,332 7,384 7,521 7,585
Change - -20.41% -1.76% 11.3% 12.83% 0.71% 1.86% 0.84%
P/E 26.2x 2.34x 41.7x 26x 21x 20.2x 18.1x 15.4x
PBR 1.73x 1.02x 0.99x 1.21x 1.39x 1.37x 1.37x 1.36x
PEG - 0x -0.4x 0.3x 0.5x 11.63x 1.5x 0.9x
Capitalization / Revenue 3.11x 2.76x 3.25x 3.94x 4.22x 4.16x 3.89x 3.23x
EV / Revenue 5.58x 4.1x 5.12x 5.89x 6.13x 6.23x 5.92x 4.97x
EV / EBITDA 11.1x 11.4x 15.3x 15.7x 10.9x 10.1x 9.5x 8.69x
EV / EBIT 33.9x 22.4x 38.8x 35.9x 29.4x 15.5x 14.2x 12.6x
EV / FCF - - -134x 161x 72.5x -516x 89.3x 39.2x
FCF Yield - - -0.75% 0.62% 1.38% -0.19% 1.12% 2.55%
Dividend per Share 2 0.1675 0.1675 0.2225 0.25 0.26 0.2726 0.2841 0.3006
Rate of return 4.02% 4.18% 6% 5.75% 5.15% 5.52% 5.75% 6.09%
EPS 2 0.159 1.714 0.089 0.167 0.24 0.2442 0.2736 0.3199
Distribution rate 105% 9.77% 250% 150% 108% 112% 104% 94%
Net sales 1 1,339 1,451 1,141 1,104 1,195 1,186 1,271 1,527
EBITDA 1 672.5 523.3 381.8 414 673.6 727.6 791.6 872.6
EBIT 1 220.2 265.2 150.4 181 249.2 477.1 529.3 599.7
Net income 1 158.9 1,714 88.6 166.5 240.2 247.5 280.2 328.2
Net Debt 1 3,297 1,933 2,129 2,148 2,282 2,444 2,581 2,645
Reference price 2 4.170 4.010 3.710 4.350 5.050 4.940 4.940 4.940
Nbr of stocks (in thousands) 999,972 999,974 999,974 999,974 1,000,000 1,000,000 - -
Announcement Date 26/08/22 25/08/23 26/08/24 25/08/25 18/08/26 - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.23x6.23x10.15x5.52% 2.93B
37.07x6.33x17.08x1.65% 81.42B
13.21x5.62x12.04x4.19% 79.97B
13.1x1.48x7.69x5.63% 70.72B
16.94x6.51x13.99x3.09% 55.76B
16.35x1.12x9.31x3.3% 54.48B
19.7x2.78x9.08x2.29% 47.61B
61.26x21.42x34.78x0.29% 40.16B
17.58x4.88x12.79x3.6% 36.9B
15.84x4.95x9.57x4.68% 36.48B
Average 23.13x 6.13x 13.65x 3.42% 50.64B
Weighted average by Cap. 22.75x 5.66x 13.55x 3.28%

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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