Vector (NZSE:VCT) - Stock Price, News & Analysis

VCT Stock Overview

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.

VCT fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	5/6
Financial Health	3/6
Dividends	3/6

Rewards

Earnings are forecast to grow 20.72% per year

Earnings grew by 10.5% over the past year

Risk Analysis

Dividend of 4.54% is not well covered by earnings or cash flows

Interest payments are not well covered by earnings

Vector Limited Competitors

Genesis Energy

NZSE:GNE

NZ$2.5b

Contact Energy

NZSE:CEN

NZ$6.1b

Mercury NZ

NZSE:MCY

NZ$8.0b

Meridian Energy

NZSE:MEL

NZ$12.5b

Price History & Performance

Summary of all time highs, changes and price drops for Vector
Historical stock prices
Current Share Price	NZ$3.69
52 Week High	NZ$4.46
52 Week Low	NZ$3.69
Beta	0.42
1 Month Change	-6.58%
3 Month Change	-8.44%
1 Year Change	-10.00%
3 Year Change	-12.97%
5 Year Change	8.85%
Change since IPO	22.19%

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

Oct 26

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

Jul 07

Recent updates

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

Sep 30

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

Aug 26

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

May 10

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

Apr 06

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

Mar 19

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

Mar 01

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

Feb 11

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

Jan 24

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

Jan 06

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

Dec 17

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

Dec 02

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

Nov 17

Shareholder Returns

	VCT	NZ Integrated Utilities	NZ Market
7D	-4.2%	0.2%	-2.0%
1Y	-10.0%	-3.7%	-7.2%

Return vs Industry: VCT underperformed the NZ Integrated Utilities industry which returned -3.7% over the past year.

Return vs Market: VCT underperformed the NZ Market which returned -7.2% over the past year.

Price Volatility

Is VCT's price volatile compared to industry and market?
VCT volatility
VCT Average Weekly Movement	1.7%
Integrated Utilities Industry Average Movement	3.1%
Market Average Movement	4.0%
10% most volatile stocks in NZ Market	7.4%
10% least volatile stocks in NZ Market	2.5%

Stable Share Price: VCT is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: VCT's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	n/a	Simon MacKenzie	https://www.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; and bottled LPG to commercial and residential customers, as well as processes, trades, and sells natural gas.

Vector Limited Fundamentals Summary

How do Vector's earnings and revenue compare to its market cap?
VCT fundamental statistics
Market Cap	NZ$3.69b
Earnings (TTM)	NZ$111.10m
Revenue (TTM)	NZ$1.19b

33.2x

P/E Ratio

3.1x

P/S Ratio

Is VCT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
VCT income statement (TTM)
Revenue	NZ$1.19b
Cost of Revenue	NZ$668.90m
Gross Profit	NZ$523.40m
Other Expenses	NZ$412.30m
Earnings	NZ$111.10m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.11
Gross Margin	43.90%
Net Profit Margin	9.32%
Debt/Equity Ratio	57.3%

How did VCT perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

151%

Payout Ratio

VCT Stock Overview

Rewards

Risk Analysis

Vector Limited Competitors

NZSE:GNE

NZ$2.5b

NZSE:CEN

NZ$6.1b

NZSE:MCY

NZ$8.0b

NZSE:MEL

NZ$12.5b

Price History & Performance

Recent News & Updates

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

Upcoming dividend of NZ$0.14 per share at 4.2% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Vector Limited to Report Fiscal Year 2023 Results on Aug 25, 2023

Vector Limited, Annual General Meeting, Sep 28, 2023

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

Recent updates

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

Upcoming dividend of NZ$0.14 per share at 4.2% yield

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Vector Limited to Report Fiscal Year 2023 Results on Aug 25, 2023

Vector Limited, Annual General Meeting, Sep 28, 2023

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

QIC Infrastructure fund, managed by QIC Private Capital Pty Ltd completed the acquisition of 50% stake in metering business from Vector Limited (NZSE:VCT).

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

Upcoming dividend of NZ$0.087 per share at 4.3% yield

Price target decreased by 7.3% to NZ$4.19

First half 2023 earnings released: EPS: NZ$0.067 (vs NZ$0.085 in 1H 2022)

Consensus EPS estimates increase by 84%

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

Vector Limited to Report First Half, 2023 Results on Feb 21, 2023

QIC Private Capital Pty Ltd entered into a conditional agreement to acquire a 50% stake in metering business from Vector Limited (NZSE:VCT) for NZD 1.7 billion.

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

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

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

Price target increased to NZ$4.59

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

Vector Limited Appoints Doug McKay as an Independent Director

Upcoming dividend of NZ$0.09 per share

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

Price target increased to NZ$4.44

Full year 2022 earnings: EPS misses analyst expectations

Vector Limited to Report Fiscal Year 2022 Results on Aug 26, 2022

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

Vector Limited, Annual General Meeting, Sep 29, 2022

High number of new directors

High number of new directors

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

Upcoming dividend of NZ$0.087 per share

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

First half 2022 earnings: EPS exceeds analyst expectations

Vector Limited Declares an Interim Dividend for the Year Ending 30 June 2022, Payable on 8 April 2022

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

High number of new and inexperienced directors

High number of new and inexperienced directors

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

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

Upcoming dividend of NZ$0.09 per share

Full year 2021 earnings released: EPS NZ$0.19 (vs NZ$0.095 in FY 2020)

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

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

Upcoming Dividend of NZ$0.087 Per Share

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

Analysts update estimates

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

First half 2021 earnings released: EPS NZ$0.10 (vs NZ$0.08 in 1H 2020)

Vector Limited Appoints Peter Ryan as Chief Operating Office Electricity, Gas and Fibre

New 90-day low: NZ$4.10

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

Vector Limited to Report First Half, 2021 Results on Feb 23, 2021

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

New 90-day low: NZ$4.11