Vector (VQA) Stock Overview

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

VQA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	1/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 30.6% below our estimate of its fair value

Earnings are forecast to grow 16.62% per year

Risk Analysis

Shares are highly illiquid

Dividend of 5.12% is not well covered by earnings or free cash flows

Has a high level of debt

VQA Community Fair Values

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Vector Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Vector
Historical stock prices
Current Share Price	NZ$2.32
52 Week High	NZ$2.52
52 Week Low	NZ$2.20
Beta	0.36
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	3.57%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	VQA	DE Integrated Utilities	DE Market
7D	3.6%	1.1%	2.9%
1Y	n/a	36.5%	12.1%

Return vs Industry: Insufficient data to determine how VQA performed against the German Integrated Utilities industry.

Return vs Market: Insufficient data to determine how VQA performed against the German Market.

Price Volatility

Is VQA's price volatile compared to industry and market?
VQA volatility
VQA Average Weekly Movement	n/a
Integrated Utilities Industry Average Movement	3.7%
Market Average Movement	6.1%
10% most volatile stocks in DE Market	13.8%
10% least volatile stocks in DE Market	2.7%

Stable Share Price: VQA's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine VQA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1990	n/a	Chris Blenkiron	www.vector.co.nz

Vector Limited, together with its subsidiaries, engages in electricity and gas distribution, telecommunication and new energy solutions businesses in New Zealand. The company operates in two segments, Electricity and Gas Distribution. It provides electricity to residential and commercial customers in Auckland through its network consisting of approximately 19,000 kilometers of electricity lines; and technology services.

Vector Limited Fundamentals Summary

How do Vector's earnings and revenue compare to its market cap?
VQA fundamental statistics
Market cap	€2.43b
Earnings (TTM)	€74.54m
Revenue (TTM)	€566.96m

32.6x

P/E Ratio

4.3x

P/S Ratio

Is VQA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VQA income statement (TTM)
Revenue	NZ$1.14b
Cost of Revenue	NZ$505.30m
Gross Profit	NZ$632.60m
Other Expenses	NZ$483.00m
Earnings	NZ$149.60m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.15
Gross Margin	55.59%
Net Profit Margin	13.15%
Debt/Equity Ratio	58.7%

How did VQA perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

170%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/10 10:38
End of Day Share Price	2026/04/10 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 7 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.

Analyst	Institution
Grant Swanepoel	Deutsche Bank
Andrew Harvey-Green	Forsyth Barr Group Ltd.
Matthew Henry	Goldman Sachs