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 4,570 - -
Change - -3.84% -7.48% 17.25% 16.1% -9.5% - -
Enterprise Value (EV) 1 7,467 5,943 5,839 6,498 7,332 7,014 7,151 7,215
Change - -20.41% -1.76% 11.3% 12.83% -4.33% 1.96% 0.89%
P/E 26.2x 2.34x 41.7x 26x 21x 18.7x 16.7x 14.3x
PBR 1.73x 1.02x 0.99x 1.21x 1.39x 1.27x 1.27x 1.26x
PEG - 0x -0.4x 0.3x 0.5x 10.76x 1.4x 0.9x
Capitalization / Revenue 3.11x 2.76x 3.25x 3.94x 4.22x 3.85x 3.6x 2.99x
EV / Revenue 5.58x 4.1x 5.12x 5.89x 6.13x 5.91x 5.63x 4.72x
EV / EBITDA 11.1x 11.4x 15.3x 15.7x 10.9x 9.64x 9.03x 8.27x
EV / EBIT 33.9x 22.4x 38.8x 35.9x 29.4x 14.7x 13.5x 12x
EV / FCF - - -134x 161x 72.5x -491x 84.9x 37.3x
FCF Yield - - -0.75% 0.62% 1.38% -0.2% 1.18% 2.68%
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% 5.96% 6.22% 6.58%
EPS 2 0.159 1.714 0.089 0.167 0.24 0.2442 0.2736 0.3189
Distribution rate 105% 9.77% 250% 150% 108% 112% 104% 94.3%
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 4.570 4.570 4.570
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.($)
18.72x5.91x9.64x5.96% 2.58B
12.72x5.53x11.83x4.38% 74.69B
12.37x1.42x7.39x6.03% 64.75B
15.45x6.12x14.08x3.39% 50.83B
15.69x1.11x9.23x3.43% 51.12B
19.66x2.67x9.22x2.22% 47.79B
16.5x4.94x9.55x4.57% 36.89B
58.72x18.92x33.7x0.26% 34.9B
15.81x4.59x12.02x4.01% 33.17B
18.38x5.43x12.32x3.03% 27.46B
Average 20.40x 5.66x 12.90x 3.73% 42.42B
Weighted average by Cap. 18.89x 5.09x 12.45x 3.73%

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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