VCT Stock Overview
Vector Limited, together with its subsidiaries, engages in electricity and gas distribution, natural gas and LPG sale, gas processing, metering, and telecommunication and energy businesses in New Zealand.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$4.22|
|52 Week High||NZ$4.44|
|52 Week Low||NZ$3.67|
|1 Month Change||0.96%|
|3 Month Change||4.20%|
|1 Year Change||5.24%|
|3 Year Change||9.33%|
|5 Year Change||26.35%|
|Change since IPO||39.74%|
Recent News & Updates
Slowing Rates Of Return At Vector (NZSE:VCT) Leave Little Room For Excitement
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Vector (NZSE:VCT) Is Due To Pay A Dividend Of NZ$0.087
The board of Vector Limited ( NZSE:VCT ) has announced that it will pay a dividend of NZ$0.087 per share on the 8th of...
|VCT||NZ Integrated Utilities||NZ Market|
Return vs Industry: VCT underperformed the NZ Integrated Utilities industry which returned 7.2% over the past year.
Return vs Market: VCT exceeded the NZ Market which returned -18.5% over the past year.
|VCT Average Weekly Movement||3.4%|
|Integrated Utilities Industry Average Movement||3.5%|
|Market Average Movement||4.5%|
|10% most volatile stocks in NZ Market||8.3%|
|10% least volatile stocks in NZ Market||3.0%|
Stable Share Price: VCT is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: VCT's weekly volatility (3%) has been stable over the past year.
About the Company
Vector Limited, together with its subsidiaries, engages in electricity and gas distribution, natural gas and LPG sale, gas processing, metering, and telecommunication and energy businesses in New Zealand. It operates through three segments: Regulated Networks, Gas Trading, and Metering. The company distributes electricity to residential and commercial customers in Auckland, from Wellsford to Papakura through its network consisting of approximately 18,000 kilometers of overhead lines and underground cables; natural gas to customers; bulk LPG to commercial customers; and bottled LPG to commercial and residential customers.
Vector Fundamentals Summary
|VCT fundamental statistics|
Is VCT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VCT income statement (TTM)|
|Cost of Revenue||NZ$669.40m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.21|
|Net Profit Margin||15.70%|
How did VCT perform over the long term?See historical performance and comparison
4.0%Current Dividend Yield
Is VCT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for VCT?
Other financial metrics that can be useful for relative valuation.
|What is VCT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does VCT's PE Ratio compare to its peers?
|VCT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
CEN Contact Energy
MCY Mercury NZ
GNE Genesis Energy
Price-To-Earnings vs Peers: VCT is good value based on its Price-To-Earnings Ratio (20.4x) compared to the peer average (52.2x).
Price to Earnings Ratio vs Industry
How does VCT's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?
Price-To-Earnings vs Industry: VCT is expensive based on its Price-To-Earnings Ratio (20.4x) compared to the Global Integrated Utilities industry average (19.5x)
Price to Earnings Ratio vs Fair Ratio
What is VCT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||20.4x|
|Fair PE Ratio||30.9x|
Price-To-Earnings vs Fair Ratio: VCT is good value based on its Price-To-Earnings Ratio (20.4x) compared to the estimated Fair Price-To-Earnings Ratio (30.9x).
Share Price vs Fair Value
What is the Fair Price of VCT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: VCT (NZ$4.22) is trading above our estimate of fair value (NZ$2.35)
Significantly Below Fair Value: VCT is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: VCT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is Vector forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VCT's earnings are forecast to decline over the next 3 years (-2.8% per year).
Earnings vs Market: VCT's earnings are forecast to decline over the next 3 years (-2.8% per year).
High Growth Earnings: VCT's earnings are forecast to decline over the next 3 years.
Revenue vs Market: VCT's revenue (2.3% per year) is forecast to grow slower than the NZ market (6.6% per year).
High Growth Revenue: VCT's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VCT's Return on Equity is forecast to be low in 3 years time (7.7%).
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How has Vector performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VCT has high quality earnings.
Growing Profit Margin: VCT's current net profit margins (15.7%) are higher than last year (9.4%).
Past Earnings Growth Analysis
Earnings Trend: VCT's earnings have grown by 4.1% per year over the past 5 years.
Accelerating Growth: VCT's earnings growth over the past year (76.9%) exceeds its 5-year average (4.1% per year).
Earnings vs Industry: VCT earnings growth over the past year (76.9%) exceeded the Integrated Utilities industry 10%.
Return on Equity
High ROE: VCT's Return on Equity (8.6%) is considered low.
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How is Vector's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: VCT's short term assets (NZ$268.9M) do not cover its short term liabilities (NZ$681.8M).
Long Term Liabilities: VCT's short term assets (NZ$268.9M) do not cover its long term liabilities (NZ$3.5B).
Debt to Equity History and Analysis
Debt Level: VCT's net debt to equity ratio (128.2%) is considered high.
Reducing Debt: VCT's debt to equity ratio has increased from 86.7% to 129.2% over the past 5 years.
Debt Coverage: VCT's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: VCT's interest payments on its debt are well covered by EBIT (3.3x coverage).
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What is Vector current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VCT's dividend (3.97%) is higher than the bottom 25% of dividend payers in the NZ market (3.09%).
High Dividend: VCT's dividend (3.97%) is low compared to the top 25% of dividend payers in the NZ market (6.15%).
Stability and Growth of Payments
Stable Dividend: VCT's dividends per share have been stable in the past 10 years.
Growing Dividend: VCT's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (81.1%), VCT's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (5982%), VCT's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Simon MacKenzie, Grad Dip BS (Dist), Dip Fin, NZCE, has been Group Chief Executive Officer of Vector Limited since February 2008 and served as Group General Manager of Strategy Regulation & Performance...
Experienced Management: VCT's management team is considered experienced (2.5 years average tenure).
Experienced Board: VCT's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Vector Limited's employee growth, exchange listings and data sources
- Name: Vector Limited
- Ticker: VCT
- Exchange: NZSE
- Founded: NaN
- Industry: Multi-Utilities
- Sector: Utilities
- Implied Market Cap: NZ$4.220b
- Shares outstanding: 999.97m
- Website: https://www.vector.co.nz
Number of Employees
- Vector Limited
- 101 Carlton Gore Road
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/02 00:00|
|End of Day Share Price||2022/07/01 00:00|
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 here.