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VCT logo

Vector NZSE:VCT Stock Report

Last Price

NZ$4.00

Market Cap

NZ$4.0b

7D

-2.0%

1Y

7.0%

Updated

24 Apr, 2025

Data

Company Financials +

Vector Limited

NZSE:VCT Stock Report

Market Cap: NZ$4.0b

VCT Stock Overview

Engages in electricity and gas distribution, natural gas and LPG sale, and telecommunication and new energy solutions businesses in New Zealand. More details

VCT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance4/6
Financial Health3/6
Dividends3/6

Rewards

Trading at 49.6% below our estimate of its fair value

Earnings are forecast to grow 9.28% per year

Earnings grew by 217.4% over the past year

Risk Analysis

Dividend of 6.5% is not well covered by earnings or free cash flows

Has a high level of debt


Vector Limited Competitors

Genesis Energy

NZSE:GNE

NZ$2.4b

Contact Energy

NZSE:CEN

NZ$7.2b

Mercury NZ

NZSE:MCY

NZ$8.1b

Meridian Energy

NZSE:MEL

NZ$14.9b

Price History & Performance

Summary of share price highs, lows and changes for Vector
Historical stock prices
Current Share PriceNZ$4.00
52 Week HighNZ$4.22
52 Week LowNZ$3.59
Beta0.40
1 Month Change3.09%
3 Month Change3.63%
1 Year Change6.95%
3 Year Change-9.30%
5 Year Change13.31%
Change since IPO32.45%

Recent News & Updates

Is Vector (NZSE:VCT) A Risky Investment?

Mar 21
Is Vector (NZSE:VCT) A Risky Investment?
author-image

Investments In Digital Solutions And Alliances With Amazon Web Services And X Will Improve Future Network Capabilities

Feb 09 Strategic alliances and technological investments are set to enhance network capabilities, leading to increased revenue and improved future earnings.

Recent updates

Is Vector (NZSE:VCT) A Risky Investment?

Mar 21
Is Vector (NZSE:VCT) A Risky Investment?
author-image

Investments In Digital Solutions And Alliances With Amazon Web Services And X Will Improve Future Network Capabilities

Feb 09 Strategic alliances and technological investments are set to enhance network capabilities, leading to increased revenue and improved future earnings.

Vector Limited (NZSE:VCT) Not Flying Under The Radar

Jan 17
Vector Limited (NZSE:VCT) Not Flying Under The Radar

Is Vector (NZSE:VCT) A Risky Investment?

Dec 10
Is Vector (NZSE:VCT) A Risky Investment?

Vector (NZSE:VCT) Is Increasing Its Dividend To NZ$0.1475

Aug 29
Vector (NZSE:VCT) Is Increasing Its Dividend To NZ$0.1475

Time To Worry? Analysts Just Downgraded Their Vector Limited (NZSE:VCT) Outlook

Aug 28
Time To Worry? Analysts Just Downgraded Their Vector Limited (NZSE:VCT) Outlook

With Vector Limited (NZSE:VCT) It Looks Like You'll Get What You Pay For

Aug 16
With Vector Limited (NZSE:VCT) It Looks Like You'll Get What You Pay For

Vector (NZSE:VCT) Is Reinvesting At Lower Rates Of Return

Jun 28
Vector (NZSE:VCT) Is Reinvesting At Lower Rates Of Return

Is Vector (NZSE:VCT) Using Too Much Debt?

May 07
Is Vector (NZSE:VCT) Using Too Much Debt?

Estimating The Intrinsic Value Of Vector Limited (NZSE:VCT)

Apr 12
Estimating The Intrinsic Value Of Vector Limited (NZSE:VCT)

Vector (NZSE:VCT) Is Paying Out A Dividend Of NZ$0.0925

Feb 29
Vector (NZSE:VCT) Is Paying Out A Dividend Of NZ$0.0925

Market Participants Recognise Vector Limited's (NZSE:VCT) Earnings

Feb 12
Market Participants Recognise Vector Limited's (NZSE:VCT) Earnings

Vector Limited's (NZSE:VCT) Intrinsic Value Is Potentially 22% Below Its Share Price

Dec 20
Vector Limited's (NZSE:VCT) Intrinsic Value Is Potentially 22% Below Its Share Price

These 4 Measures Indicate That Vector (NZSE:VCT) Is Using Debt Extensively

Oct 26
These 4 Measures Indicate That Vector (NZSE:VCT) Is Using Debt Extensively

Are Investors Undervaluing Vector Limited (NZSE:VCT) By 41%?

Jul 07
Are Investors Undervaluing Vector Limited (NZSE:VCT) By 41%?

The Returns At Vector (NZSE:VCT) Aren't Growing

Apr 10
The Returns At Vector (NZSE:VCT) Aren't Growing

A Look At The Intrinsic Value Of Vector Limited (NZSE:VCT)

Feb 09
A Look At The Intrinsic Value Of Vector Limited (NZSE:VCT)

Here's Why Vector (NZSE:VCT) Has A Meaningful Debt Burden

Dec 16
Here's Why Vector (NZSE:VCT) Has A Meaningful Debt Burden

Calculating The Intrinsic Value Of Vector Limited (NZSE:VCT)

Nov 05
Calculating The Intrinsic Value Of Vector Limited (NZSE:VCT)

The Returns At Vector (NZSE:VCT) Aren't Growing

Oct 18
The Returns At Vector (NZSE:VCT) Aren't Growing

Vector (NZSE:VCT) Will Pay A Dividend Of NZ$0.0895

Aug 29
Vector (NZSE:VCT) Will Pay A Dividend Of NZ$0.0895

Vector (NZSE:VCT) Has Some Way To Go To Become A Multi-Bagger

Jul 19
Vector (NZSE:VCT) Has Some Way To Go To Become A Multi-Bagger

Slowing Rates Of Return At Vector (NZSE:VCT) Leave Little Room For Excitement

Apr 14
Slowing Rates Of Return At Vector (NZSE:VCT) Leave Little Room For Excitement

Vector (NZSE:VCT) Is Due To Pay A Dividend Of NZ$0.087

Feb 28
Vector (NZSE:VCT) Is Due To Pay A Dividend Of NZ$0.087

Is There An Opportunity With Vector Limited's (NZSE:VCT) 41% Undervaluation?

Feb 13
Is There An Opportunity With Vector Limited's (NZSE:VCT) 41% Undervaluation?

Returns At Vector (NZSE:VCT) Appear To Be Weighed Down

Nov 27
Returns At Vector (NZSE:VCT) Appear To Be Weighed Down

These 4 Measures Indicate That Vector (NZSE:VCT) Is Using Debt Extensively

Nov 04
These 4 Measures Indicate That Vector (NZSE:VCT) Is Using Debt Extensively

Vector Limited (NZSE:VCT) Shares Could Be 37% Below Their Intrinsic Value Estimate

Sep 30
Vector Limited (NZSE:VCT) Shares Could Be 37% Below Their Intrinsic Value Estimate

Vector (NZSE:VCT) Is Increasing Its Dividend To NZ$0.09

Aug 26
Vector (NZSE:VCT) Is Increasing Its Dividend To NZ$0.09

Slowing Rates Of Return At Vector (NZSE:VCT) Leave Little Room For Excitement

May 10
Slowing Rates Of Return At Vector (NZSE:VCT) Leave Little Room For Excitement

These 4 Measures Indicate That Vector (NZSE:VCT) Is Using Debt Extensively

Apr 06
These 4 Measures Indicate That Vector (NZSE:VCT) Is Using Debt Extensively

Does Vector Limited (NZSE:VCT) Have A Place In Your Dividend Stock Portfolio?

Mar 19
Does Vector Limited (NZSE:VCT) Have A Place In Your Dividend Stock Portfolio?

Should You Be Worried About Vector Limited's (NZSE:VCT) 5.2% Return On Equity?

Mar 01
Should You Be Worried About Vector Limited's (NZSE:VCT) 5.2% Return On Equity?

Did You Participate In Any Of Vector's (NZSE:VCT) Respectable 74% Return?

Feb 11
Did You Participate In Any Of Vector's (NZSE:VCT) Respectable 74% Return?

Are Vector's (NZSE:VCT) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Jan 24
Are Vector's (NZSE:VCT) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Returns On Capital At Vector (NZSE:VCT) Paint An Interesting Picture

Jan 06
Returns On Capital At Vector (NZSE:VCT) Paint An Interesting Picture

Read This Before Buying Vector Limited (NZSE:VCT) For Its Dividend

Dec 17
Read This Before Buying Vector Limited (NZSE:VCT) For Its Dividend

Vector (NZSE:VCT) Has A Somewhat Strained Balance Sheet

Dec 02
Vector (NZSE:VCT) Has A Somewhat Strained Balance Sheet

Read This Before Judging Vector Limited's (NZSE:VCT) ROE

Nov 17
Read This Before Judging Vector Limited's (NZSE:VCT) ROE

Shareholder Returns

VCTNZ Integrated UtilitiesNZ Market
7D-2.0%0.9%-1.1%
1Y7.0%12.4%-2.1%

Return vs Industry: VCT underperformed the NZ Integrated Utilities industry which returned 12.4% over the past year.

Return vs Market: VCT exceeded the NZ Market which returned -2.1% over the past year.

Price Volatility

Is VCT's price volatile compared to industry and market?
VCT volatility
VCT Average Weekly Movement3.7%
Integrated Utilities Industry Average Movement3.8%
Market Average Movement4.6%
10% most volatile stocks in NZ Market9.6%
10% least volatile stocks in NZ Market3.1%

Stable Share Price: VCT has not had significant price volatility in the past 3 months compared to the NZ market.

Volatility Over Time: VCT's weekly volatility (4%) has been stable over the past year.

Community vs My Fair Value

Select a narrative for quick price alerts from the community, or create your own.

VCT logo
Vector
AN
AnalystConsensusTarget
Consensus Narrative from 4 Analysts

Bluecurrent's Smart Meter Rollout And DPP4 Will Create Future Opportunities

Key Takeaways Strategic adjustments in regulated pricing and smart meter installations present significant opportunities for revenue and margin growth. Revised dividend policy and capital contributions from infrastructure projects position Vector for improved shareholder returns and expanded network capacity.
View narrative
NZ$4.31
FV
7.2% undervalued intrinsic discount
3.38%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
Updated narrative
View Vector Community

About the Company

FoundedEmployeesCEOWebsite
1990n/aSimon MacKenziewww.vector.co.nz

Vector Limited, together with its subsidiaries, engages in electricity and gas distribution, natural gas and LPG sale, and telecommunication and new energy solutions businesses in New Zealand. The company operates through two segments, Regulated Networks and Gas Trading. It distributes electricity to residential and commercial customers in Auckland through its network consisting of approximately 19,000 kilometers of electricity lines; bulk LPG to commercial customers; bottled LPG to commercial and residential customers; and owns, operates, and distributes natural gas.

Vector Limited Fundamentals Summary

How do Vector's earnings and revenue compare to its market cap?
VCT fundamental statistics
Market capNZ$4.00b
Earnings (TTM)NZ$177.10m
Revenue (TTM)NZ$1.20b

22.6x

P/E Ratio

3.3x

P/S Ratio

Is VCT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VCT income statement (TTM)
RevenueNZ$1.20b
Cost of RevenueNZ$580.40m
Gross ProfitNZ$618.60m
Other ExpensesNZ$441.50m
EarningsNZ$177.10m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin51.59%
Net Profit Margin14.77%
Debt/Equity Ratio58.4%

How did VCT perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

141%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/24 21:01
End of Day Share Price 2025/04/24 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vector Limited is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Grant SwanepoelCredit Suisse
Grant SwanepoelDeutsche Bank
Andrew Harvey-GreenForsyth Barr Group Ltd.