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 4,760 - -
Change - -3.84% -7.48% 17.25% 16.1% -5.74% - -
Enterprise Value (EV) 1 7,467 5,943 5,839 6,498 7,332 7,204 7,341 7,405
Change - -20.41% -1.76% 11.3% 12.83% -1.74% 1.9% 0.86%
P/E 26.2x 2.34x 41.7x 26x 21x 19.5x 17.4x 14.9x
PBR 1.73x 1.02x 0.99x 1.21x 1.39x 1.32x 1.32x 1.31x
PEG - 0x -0.4x 0.3x 0.5x 11.22x 1.4x 0.9x
Capitalization / Revenue 3.11x 2.76x 3.25x 3.94x 4.22x 4.01x 3.75x 3.12x
EV / Revenue 5.58x 4.1x 5.12x 5.89x 6.13x 6.07x 5.78x 4.85x
EV / EBITDA 11.1x 11.4x 15.3x 15.7x 10.9x 9.9x 9.27x 8.49x
EV / EBIT 33.9x 22.4x 38.8x 35.9x 29.4x 15.1x 13.9x 12.3x
EV / FCF - - -134x 161x 72.5x -504x 87.2x 38.3x
FCF Yield - - -0.75% 0.62% 1.38% -0.2% 1.15% 2.61%
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% 5.73% 5.97% 6.32%
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 4.760 4.760 4.760
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.($)
19.37x6.05x9.86x5.76% 2.65B
12.71x5.52x11.82x4.38% 74.55B
11.84x1.39x7.23x6.29% 61.66B
15.51x6.13x13.67x3.37% 51.04B
15.32x1.1x9.13x3.53% 49.35B
19.12x2.64x9.13x2.25% 46.72B
16.2x4.86x9.41x4.65% 36.21B
16.13x4.64x12.15x3.93% 33.84B
56.15x18.25x32.5x0.27% 33.37B
18.46x5.47x12.29x3.02% 27.58B
Average 20.08x 5.60x 12.72x 3.75% 41.7B
Weighted average by Cap. 18.43x 5.03x 12.24x 3.78%

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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