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 4,860 - -
Change - -3.84% -7.48% 17.25% 16.1% -3.76% - -
Enterprise Value (EV) 1 7,467 5,943 5,839 6,498 7,332 7,304 7,441 7,505
Change - -20.41% -1.76% 11.3% 12.83% -0.38% 1.88% 0.85%
P/E 26.2x 2.34x 41.7x 26x 21x 19.9x 17.8x 15.2x
PBR 1.73x 1.02x 0.99x 1.21x 1.39x 1.35x 1.35x 1.34x
PEG - 0x -0.4x 0.3x 0.5x 11.45x 1.5x 0.9x
Capitalization / Revenue 3.11x 2.76x 3.25x 3.94x 4.22x 4.1x 3.82x 3.18x
EV / Revenue 5.58x 4.1x 5.12x 5.89x 6.13x 6.16x 5.86x 4.91x
EV / EBITDA 11.1x 11.4x 15.3x 15.7x 10.9x 10x 9.4x 8.6x
EV / EBIT 33.9x 22.4x 38.8x 35.9x 29.4x 15.3x 14.1x 12.5x
EV / FCF - - -134x 161x 72.5x -511x 88.4x 38.8x
FCF Yield - - -0.75% 0.62% 1.38% -0.2% 1.13% 2.58%
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% 5.61% 5.84% 6.19%
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 4.860 4.860 4.860
Nbr of stocks (in thousands) 999,972 999,974 999,974 999,974 1,000,000 1,000,000 - -
Announcement Date 26/8/22 25/8/23 26/8/24 25/8/25 18/8/26 - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.9x6.16x10.04x5.61% 2.86B
12.86x5.58x11.82x4.3% 77.44B
12.77x1.44x7.53x5.86% 67.86B
16.7x6.41x14.47x3.13% 54.95B
16x1.11x9.21x3.37% 53.17B
19.86x2.64x9.17x2.26% 48.23B
64.94x20.99x36.34x0.23% 38.93B
16.54x4.95x9.72x4.52% 37.16B
17.51x4.86x12.75x3.62% 36.73B
19.73x5.63x12.82x2.83% 29.48B
Average 21.68x 5.98x 13.39x 3.57% 44.68B
Weighted average by Cap. 20.17x 5.44x 12.99x 3.58%

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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