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 4,590 - -
Change - -3.84% -7.48% 17.25% 16.1% -9.11% - -
Enterprise Value (EV) 1 7,467 5,943 5,839 6,498 7,332 7,034 7,171 7,235
Change - -20.41% -1.76% 11.3% 12.83% -4.06% 1.95% 0.88%
P/E 26.2x 2.34x 41.7x 26x 21x 18.8x 16.8x 14.4x
PBR 1.73x 1.02x 0.99x 1.21x 1.39x 1.27x 1.28x 1.27x
PEG - 0x -0.4x 0.3x 0.5x 10.82x 1.4x 0.9x
Capitalization / Revenue 3.11x 2.76x 3.25x 3.94x 4.22x 3.87x 3.61x 3.01x
EV / Revenue 5.58x 4.1x 5.12x 5.89x 6.13x 5.93x 5.64x 4.74x
EV / EBITDA 11.1x 11.4x 15.3x 15.7x 10.9x 9.67x 9.06x 8.29x
EV / EBIT 33.9x 22.4x 38.8x 35.9x 29.4x 14.7x 13.5x 12.1x
EV / FCF - - -134x 161x 72.5x -492x 85.2x 37.4x
FCF Yield - - -0.75% 0.62% 1.38% -0.2% 1.17% 2.67%
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% 5.94% 6.19% 6.55%
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 4.590 4.590 4.590
Nbr of stocks (in thousands) 999,972 999,974 999,974 999,974 1,000,000 1,000,000 - -
Announcement Date 8/26/22 8/25/23 8/26/24 8/25/25 8/18/26 - - -
1NZD in Million2NZD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.68x5.56x11.81x4.4% 76.07B
12.76x1.44x7.52x5.87% 67.69B
16.56x6.37x13.93x3.16% 54.5B
16.08x1.12x9.35x3.35% 53.51B
19.88x2.69x9.32x2.19% 49.35B
65.56x20.7x36.88x0.23% 38.95B
17.05x5.07x9.81x4.41% 38.11B
17.19x4.81x12.62x3.69% 36.08B
19.43x5.59x12.72x2.87% 29.04B
Average 21.91x 5.93x 13.77x 3.35% 49.26B
Weighted average by Cap. 20.21x 5.41x 13.00x 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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