VECTOR LIMITED |
End-of-day quote
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|
5-day change | 1st Jan Change | ||
| 3.68 NZD | -1.08% |
|
-0.54% | -1.34% |
| Apr. 22 | Vector Limited Reports Operating Results for the Nine Months Ended March 31, 2024 | CI |
| Apr. 04 | Dowlais begins new share buyback programme of up to GBP50 million | AN |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,779 | 3,600 | 4,050 | 4,170 | 4,010 | 3,680 | - | - |
| Enterprise Value (EV) 1 | 6,407 | 6,482 | 7,123 | 7,467 | 5,943 | 5,768 | 5,944 | 6,082 |
| P/E ratio | 45.5 x | 37.9 x | 21 x | 26.2 x | 2.34 x | 22.3 x | 15.9 x | 14.8 x |
| Yield | 4.37% | 4.58% | 4.14% | 4.02% | 4.18% | 5.23% | 5.33% | 5.45% |
| Capitalization / Revenue | 2.87 x | 2.78 x | 3.17 x | 3.11 x | 2.76 x | 3.06 x | 3.04 x | 2.85 x |
| EV / Revenue | 4.86 x | 5.01 x | 5.57 x | 5.58 x | 4.1 x | 4.79 x | 4.9 x | 4.72 x |
| EV / EBITDA | 13.2 x | 11.3 x | 11.2 x | 11.1 x | 11.4 x | 10.3 x | 9.1 x | 8.61 x |
| EV / FCF | -91.1 x | - | - | - | - | -66.6 x | 425 x | 74.8 x |
| FCF Yield | -1.1% | - | - | - | - | -1.5% | 0.24% | 1.34% |
| Price to Book | 1.62 x | 1.6 x | 1.75 x | 1.73 x | 1.02 x | 0.97 x | 0.97 x | 0.96 x |
| Nbr of stocks (in thousands) | 999,867 | 999,882 | 999,916 | 999,972 | 999,974 | 999,974 | - | - |
| Reference price 2 | 3.780 | 3.600 | 4.050 | 4.170 | 4.010 | 3.680 | 3.680 | 3.680 |
| Announcement Date | 8/22/19 | 8/27/20 | 8/23/21 | 8/26/22 | 8/25/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,319 | 1,294 | 1,279 | 1,339 | 1,451 | 1,205 | 1,212 | 1,289 |
| EBITDA 1 | 485.8 | 573.8 | 634.3 | 672.5 | 523.3 | 557.9 | 653.2 | 706.1 |
| EBIT 1 | 239 | 311 | 364.2 | 220.2 | 265.2 | 327 | 414.9 | 456.7 |
| Operating Margin | 18.13% | 24.03% | 28.47% | 16.45% | 18.28% | 27.14% | 34.22% | 35.43% |
| Earnings before Tax (EBT) 1 | 136.5 | 152.5 | 255.6 | 237.8 | 294.6 | 227.6 | 312 | 346.7 |
| Net income 1 | 82.9 | 95.4 | 193.2 | 158.9 | 1,714 | 155.5 | 230.8 | 249 |
| Net margin | 6.29% | 7.37% | 15.1% | 11.87% | 118.14% | 12.91% | 19.04% | 19.32% |
| EPS 2 | 0.0830 | 0.0950 | 0.1930 | 0.1590 | 1.714 | 0.1650 | 0.2310 | 0.2493 |
| Free Cash Flow 1 | -70.3 | - | - | - | - | -86.6 | 14 | 81.3 |
| FCF margin | -5.33% | - | - | - | - | -7.19% | 1.15% | 6.31% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 2.14% | 11.51% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 6.07% | 32.65% |
| Dividend per Share 2 | 0.1650 | 0.1650 | 0.1675 | 0.1675 | 0.1675 | 0.1926 | 0.1961 | 0.2005 |
| Announcement Date | 8/22/19 | 8/27/20 | 8/23/21 | 8/26/22 | 8/25/23 | - | - | - |
1NZD in Million2NZD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 |
|---|---|---|---|---|---|---|
| Net sales 1 | 699.6 | - | - | 684.6 | - | 744.3 |
| EBITDA 1 | - | - | 360.5 | 263.6 | - | 274 |
| EBIT | - | - | 223.5 | - | - | - |
| Operating Margin | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | 122.8 | - | - | - |
| Net income | - | 101.1 | - | - | 44.4 | - |
| Net margin | - | - | - | - | - | - |
| EPS | 0.0800 | 0.1010 | - | - | - | - |
| Dividend per Share 2 | - | - | 0.0850 | 0.0825 | - | 0.0825 |
| Announcement Date | 2/25/20 | 2/23/21 | 8/23/21 | 2/25/22 | 8/26/22 | 2/21/23 |
1NZD in Million2NZD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,628 | 2,882 | 3,073 | 3,297 | 1,933 | 2,088 | 2,264 | 2,402 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.409 x | 5.023 x | 4.845 x | 4.902 x | 3.694 x | 3.743 x | 3.466 x | 3.403 x |
| Free Cash Flow 1 | -70.3 | - | - | - | - | -86.6 | 14 | 81.3 |
| ROE (net income / shareholders' equity) | 3.47% | 4.17% | 8.47% | 6.71% | 2.59% | 5.53% | 5.98% | 6.4% |
| ROA (Net income/ Total Assets) | 1.4% | - | 3% | 3.48% | - | 4.28% | 5.88% | 5.94% |
| Assets 1 | 5,934 | - | 6,450 | 4,566 | - | 3,636 | 3,922 | 4,191 |
| Book Value Per Share 2 | 2.330 | 2.240 | 2.320 | 2.410 | 3.940 | 3.800 | 3.810 | 3.830 |
| Cash Flow per Share 2 | 0.3500 | 0.4000 | 0.5000 | 0.5200 | 0.5200 | 0.4600 | 0.6100 | 0.6600 |
| Capex 1 | 418 | 476 | 516 | 559 | 639 | 499 | 525 | 561 |
| Capex / Sales | 31.73% | 36.82% | 40.35% | 41.73% | 44.04% | 41.42% | 43.3% | 43.5% |
| Announcement Date | 8/22/19 | 8/27/20 | 8/23/21 | 8/26/22 | 8/25/23 | - | - | - |
1NZD in Million2NZD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
4
Last Close Price
3.68
NZD
Average target price
3.982
NZD
Spread / Average Target
+8.22%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -1.34% | 2.26B | |
| -17.71% | 88.15B | |
| +41.61% | 70.93B | |
| -12.23% | 57.32B | |
| -.--% | 51.55B | |
| +0.60% | 47.58B | |
| -10.70% | 37.29B | |
| +21.98% | 37.15B | |
| +0.21% | 34.45B | |
| -19.72% | 26.64B |
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