VECTOR LIMITED

VCT
End-of-day quote. End-of-day quote  - 12/03
4.04NZD +0.50%
Valuation
Fiscal Period: June 2021 2022
Capitalization1 4 0504 040
Entreprise Value (EV)1 7 1237 264
P/E ratio 21,0x22,6x
Yield 4,14%4,18%
Capitalization / Revenue 3,17x3,05x
EV / Revenue 5,57x5,49x
EV / EBITDA 11,2x11,2x
Price to Book 1,75x1,73x
Nbr of stocks (in thousands) 999 916999 918
Reference price (NZD) 4,054,04
Announcement Date 08/23/2021-
Previous period Next period
1 NZD in Million
Estimates
Income Statement Evolution
Annual Income Statement Data
Fiscal Period: June 2021 2022
Net sales1 1 2791 323
EBITDA1 634647
Operating profit (EBIT)1 364365
Operating Margin 28,5%27,6%
Pre-Tax Profit (EBT)1 256257
Net income1 193179
Net margin 15,1%13,5%
EPS2 0,190,18
Dividend per Share2 0,170,17
Announcement Date 08/23/2021-
Previous period Next period
1 NZD in Million
2 NZD
Finances - Leverage
Fiscal Period: June 2021 2022
Net Debt1 3 0733 225
Net Cash position1 --
Leverage (Debt / EBITDA) 4,85x4,99x
Free Cash Flow --
ROE (Net Profit / Equities) 8,47%7,70%
Shareholders' equity1 2 2812 325
ROA (Net Profit / Asset) 3,00%-
Assets1 6 450-
Book Value Per Share2 2,322,33
Cash Flow per Share2 0,500,56
Capex1 516523
Capex / Sales 40,4%39,5%
Announcement Date 08/23/2021-
Previous period Next period
1 NZD in Million
2 NZD
Financial Ratios
Size 2022e 2023e
Capitalization 4 040 M NZD -
Entreprise Value (EV) 7 264 M NZD 7 412 M NZD
Valuation 2022e 2023e
P/E ratio (Price / EPS) 22,6x 21,9x
Capitalization / Revenue 3,05x 2,98x
EV / Revenue 5,49x 5,36x
EV / EBITDA 11,2x 11,0x
Yield (DPS / Price) 4,18% 4,22%
Price to book (Price / BVPS) 1,73x 1,72x
Profitability 2022e 2023e
Operating Margin (EBIT / Sales) 27,6% 27,1%
Operating Leverage (Delta EBIT / Delta Sales) 0,10x 0,16x
Net Margin (Net Profit / Revenue) 13,5% 13,6%
ROA (Net Profit / Asset) - -
ROE (Net Profit / Equities) 7,70% 7,82%
Rate of Dividend 94,2% 92,7%
Balance Sheet Analysis 2022e 2023e
CAPEX / Sales   39,5% 39,0%
Cash Flow / Sales 42,7% 43,7%
Capital Intensity (Assets / Sales) - -
Financial Leverage (Net Debt / EBITDA) 4,99x 5,11x
Price Earning Ratio
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
EPS & Dividend