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 4,860 - -
Change - 2.97% -3.84% -7.48% 17.25% 11.73% - -
Enterprise Value (EV) 1 7,123 7,467 5,943 5,839 6,498 7,029 7,172 7,308
Change - 4.83% -20.41% -1.76% 11.3% 8.17% 2.04% 1.9%
P/E 21x 26.2x 2.34x 41.7x 26x 21.7x 19.5x 18.7x
PBR 1.75x 1.73x 1.02x 0.99x 1.21x 1.36x 1.37x 1.38x
PEG - -1.5x 0x -0.4x 0.3x 0.6x 1.7x 4.35x
Capitalization / Revenue 3.17x 3.11x 2.76x 3.25x 3.94x 4.16x 4x 3.8x
EV / Revenue 5.57x 5.58x 4.1x 5.12x 5.89x 6.02x 5.9x 5.72x
EV / EBITDA 11.2x 11.1x 11.4x 15.3x 15.7x 10.2x 9.57x 9.25x
EV / EBIT 19.6x 33.9x 22.4x 38.8x 35.9x 15.6x 14.4x 13.9x
EV / FCF - - - -134x 161x 69.2x 42.5x 38.8x
FCF Yield - - - -0.75% 0.62% 1.45% 2.35% 2.58%
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% 5.43% 5.83% 6.16%
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 4.860 4.860 4.860
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.24x6.12x10.32x5.31% 2.91B
37.35x6.36x17.19x1.64% 82.04B
13.28x5.6x12.07x4.16% 79.43B
14.1x1.58x8.06x5.22% 75.19B
17.4x6.83x14.21x3% 57.35B
17.25x1.19x9.88x3.1% 57.2B
21.67x2.71x9.16x2.3% 46.32B
60.19x21.51x35.35x0.29% 40.43B
17.73x5.08x13x3.48% 38.18B
16.43x5.01x9.75x4.47% 37.44B
Average 23.76x 6.20x 13.90x 3.3% 51.65B
Weighted average by Cap. 23.15x 5.69x 13.75x 3.18%

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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