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 4,850 - -
Change - 2.97% -3.84% -7.48% 17.25% 11.5% - -
Enterprise Value (EV) 1 7,123 7,467 5,943 5,839 6,498 7,019 7,162 7,298
Change - 4.83% -20.41% -1.76% 11.3% 8.01% 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 1.35x 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 3.99x 3.79x
EV / Revenue 5.57x 5.58x 4.1x 5.12x 5.89x 6.01x 5.89x 5.71x
EV / EBITDA 11.2x 11.1x 11.4x 15.3x 15.7x 10.1x 9.56x 9.24x
EV / EBIT 19.6x 33.9x 22.4x 38.8x 35.9x 15.6x 14.4x 13.8x
EV / FCF - - - -134x 161x 69.1x 42.4x 38.7x
FCF Yield - - - -0.75% 0.62% 1.45% 2.36% 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% 5.44% 5.84% 6.17%
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 4.850 4.850 4.850
Nbr of stocks (in thousands) 999,916 999,972 999,974 999,974 999,974 1,000,000 - -
Announcement Date 8/23/21 A 8/26/22 A 8/25/23 A 8/26/24 A 8/25/25 A - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.07x6.33x17.08x1.65% 81.43B
13.41x5.63x12.13x4.12% 80.58B
14.02x1.57x7.98x5.26% 75.12B
17.26x1.18x9.79x3.1% 57.5B
16.64x5.91x15.38x3.12% 54.85B
21.36x2.67x9.01x2.33% 45.87B
58.61x21.05x34.58x0.3% 39.38B
16.66x5.07x9.87x4.41% 37.98B
17.88x4.85x12.8x3.52% 37.71B
Average 23.66x 6.03x 14.29x 3.09% 56.71B
Weighted average by Cap. 22.83x 5.50x 13.73x 3.2%

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