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 4,900 - -
Change - 2.97% -3.84% -7.48% 17.25% 12.65% - -
Enterprise Value (EV) 1 7,123 7,467 5,943 5,839 6,498 7,069 7,212 7,348
Change - 4.83% -20.41% -1.76% 11.3% 8.78% 2.03% 1.89%
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 4.2x 4.03x 3.83x
EV / Revenue 5.57x 5.58x 4.1x 5.12x 5.89x 6.06x 5.93x 5.75x
EV / EBITDA 11.2x 11.1x 11.4x 15.3x 15.7x 10.2x 9.63x 9.3x
EV / EBIT 19.6x 33.9x 22.4x 38.8x 35.9x 15.7x 14.5x 13.9x
EV / FCF - - - -134x 161x 69.6x 42.7x 39x
FCF Yield - - - -0.75% 0.62% 1.44% 2.34% 2.56%
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) 9,99,916 9,99,972 9,99,974 9,99,974 9,99,974 10,00,000 - -
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.($)
21.75x6.02x10.16x5.43% 285.85Cr
37.35x6.36x17.19x1.64% 8.2TCr
13.27x5.6x12.07x4.17% 7.95TCr
14.08x1.57x8.03x5.23% 7.51TCr
17.19x1.18x9.77x3.11% 5.71TCr
17.19x6.78x14.1x3.03% 5.66TCr
21.51x2.68x9.06x2.32% 4.6TCr
59.58x21.34x35.05x0.29% 4TCr
16.72x5.08x9.89x4.39% 3.81TCr
17.63x5.02x13.45x3.49% 3.8TCr
Average 23.63x 6.16x 13.88x 3.31% 5.15TCr
Weighted average by Cap. 23.04x 5.66x 13.71x 3.19%

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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