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 5,000 - -
Change - 2.97% -3.84% -7.48% 17.25% 14.95% - -
Enterprise Value (EV) 1 7,123 7,467 5,943 5,839 6,498 7,169 7,312 7,448
Change - 4.83% -20.41% -1.76% 11.3% 10.32% 2% 1.86%
P/E 21x 26.2x 2.34x 41.7x 26x 22.4x 20.1x 19.2x
PBR 1.75x 1.73x 1.02x 0.99x 1.21x 1.4x 1.41x 1.42x
PEG - -1.5x 0x -0.4x 0.3x 0.7x 1.7x 4.46x
Capitalization / Revenue 3.17x 3.11x 2.76x 3.25x 3.94x 4.28x 4.11x 3.91x
EV / Revenue 5.57x 5.58x 4.1x 5.12x 5.89x 6.14x 6.01x 5.83x
EV / EBITDA 11.2x 11.1x 11.4x 15.3x 15.7x 10.4x 9.76x 9.43x
EV / EBIT 19.6x 33.9x 22.4x 38.8x 35.9x 15.9x 14.7x 14.1x
EV / FCF - - - -134x 161x 70.6x 43.3x 39.5x
FCF Yield - - - -0.75% 0.62% 1.42% 2.31% 2.53%
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% 5.28% 5.67% 5.99%
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 5.000 5.000 5.000
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.($)
13.96x5.75x12.4x3.96% 83.18B
37.07x6.33x17.08x1.65% 81.43B
14.6x1.58x8.12x5.04% 76.49B
18.5x7.03x14.75x2.82% 60.83B
17.78x1.21x10.03x3.01% 58.48B
23.74x2.61x9.74x2.22% 47.5B
57.24x20.65x33.92x0.31% 38.48B
15.89x4.87x9.49x4.63% 36.21B
Average 24.85x 6.25x 14.44x 2.96% 60.32B
Weighted average by Cap. 23.55x 5.61x 13.76x 3.07%

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