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 4,720 - -
Change - -3.84% -7.48% 17.25% 16.1% -6.53% - -
Enterprise Value (EV) 1 7,467 5,943 5,839 6,498 7,332 7,164 7,301 7,365
Change - -20.41% -1.76% 11.3% 12.83% -2.29% 1.91% 0.87%
P/E 26.2x 2.34x 41.7x 26x 21x 19.3x 17.2x 14.8x
PBR 1.73x 1.02x 0.99x 1.21x 1.39x 1.31x 1.31x 1.3x
PEG - 0x -0.4x 0.3x 0.5x 11.11x 1.4x 0.9x
Capitalization / Revenue 3.11x 2.76x 3.25x 3.94x 4.22x 3.98x 3.71x 3.09x
EV / Revenue 5.58x 4.1x 5.12x 5.89x 6.13x 6.04x 5.75x 4.82x
EV / EBITDA 11.1x 11.4x 15.3x 15.7x 10.9x 9.85x 9.22x 8.44x
EV / EBIT 33.9x 22.4x 38.8x 35.9x 29.4x 15x 13.8x 12.3x
EV / FCF - - -134x 161x 72.5x -501x 86.7x 38.1x
FCF Yield - - -0.75% 0.62% 1.38% -0.2% 1.15% 2.62%
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% 5.78% 6.02% 6.37%
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 4.720 4.720 4.720
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.($)
12.85x5.56x11.89x4.34% 75.48B
11.98x1.4x7.28x6.22% 62.35B
15.57x6.15x13.71x3.36% 51.25B
15.55x1.1x9.2x3.48% 50.08B
19.35x2.66x9.21x2.22% 47.27B
15.95x4.8x9.29x4.72% 35.67B
16.17x4.64x12.17x3.92% 33.93B
57.01x18.47x32.9x0.27% 33.88B
18.52x5.48x12.31x3.01% 27.67B
Average 20.33x 5.59x 13.11x 3.5% 46.4B
Weighted average by Cap. 18.61x 5.05x 12.33x 3.74%

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