Projected Income Statement: Vector Limited

Forecast Balance Sheet: Vector Limited

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,073 3,297 1,933 2,129 2,148 2,169 2,312 2,448
Change - 7.29% -41.37% 10.14% 0.89% 0.96% 6.59% 5.88%
Announcement Date 8/23/21 8/26/22 8/25/23 8/26/24 8/25/25 - - -
1NZD in Million
Estimates

Cash Flow Forecast: Vector Limited

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 516.2 558.8 639 488.7 474.9 453 506.2 464.2
Change - 8.25% 14.35% -23.52% -2.82% -4.61% 11.74% -8.3%
Free Cash Flow (FCF) 1 - - - -43.6 40.3 101.6 168.8 188.4
Change - - - - 192.43% 152.11% 66.14% 11.61%
Announcement Date 8/23/21 8/26/22 8/25/23 8/26/24 8/25/25 - - -
1NZD in Million
Estimates

Forecast Financial Ratios: Vector Limited

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 49.58% 50.22% 36.06% 33.46% 37.5% 59.26% 61.62% 61.81%
EBIT Margin (%) 28.47% 16.45% 18.28% 13.18% 16.39% 38.54% 40.88% 41.28%
EBT Margin (%) 19.98% 17.76% 20.3% 17.18% 22.83% 29.4% 31.78% 32.14%
Net margin (%) 15.1% 11.87% 118.14% 7.76% 15.08% 19.44% 21.08% 21.41%
FCF margin (%) - - - -3.82% 3.65% 8.71% 13.88% 14.74%
FCF / Net Income (%) - - - -49.21% 24.2% 44.78% 65.86% 68.84%

Profitability

        
ROA 3% 3.48% - 1.21% 2.37% 6.27% 6.79% 7.31%
ROE 8.47% 6.71% 2.59% 2.3% 4.52% 6.5% 7.23% 7.7%

Financial Health

        
Leverage (Debt/EBITDA) 4.85x 4.9x 3.69x 5.58x 5.19x 3.14x 3.09x 3.1x
Debt / Free cash flow - - - -48.82x 53.31x 21.35x 13.7x 13x

Capital Intensity

        
CAPEX / Current Assets (%) 40.35% 41.73% 44.04% 42.82% 43.02% 38.81% 41.63% 36.31%
CAPEX / EBITDA (%) 81.38% 83.09% 122.11% 128% 114.71% 65.5% 67.57% 58.75%
CAPEX / FCF (%) - - - -1,120.87% 1,178.41% 445.86% 299.88% 246.38%

Items per share

        
Cash flow per share 1 0.4992 0.5188 0.5171 0.4451 0.5152 0.5671 0.6468 0.684
Change - 3.94% -0.33% -13.92% 15.75% 10.07% 14.07% 5.74%
Dividend per Share 1 0.1675 0.1675 0.1675 0.2225 0.25 0.2638 0.2833 0.2993
Change - 0% 0% 32.84% 12.36% 5.5% 7.42% 5.64%
Book Value Per Share 1 2.32 2.414 3.943 3.762 3.601 3.58 3.548 3.509
Change - 4.06% 63.33% -4.6% -4.27% -0.59% -0.9% -1.09%
EPS 1 0.193 0.159 1.714 0.089 0.167 0.2234 0.2492 0.2599
Change - -17.62% 977.99% -94.81% 87.64% 33.8% 11.51% 4.3%
Nbr of stocks (in thousands) 999,916 999,972 999,974 999,974 999,974 1,000,000 1,000,000 1,000,000
Announcement Date 8/23/21 8/26/22 8/25/23 8/26/24 8/25/25 - - -
1NZD
Estimates
2026 *2027 *
P/E 21.7x 19.5x
PBR 1.35x 1.37x
EV / Sales 6.01x 5.89x
Yield 5.44% 5.84%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
4.850NZD
Average target price
5.015NZD
Spread / Average Target
+3.40%

Annual profits - Rate of surprise

  1. Stock Market
  2. Stocks
  3. VCT Stock
  4. Financials Vector Limited