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  2. •

    Utilities

  3. •

    Electric utilities
Vector Limited

Vector Limited

4.52
NZD
+0.02
(+0.44%)
0.24EPS
21.02P/E
5.05BMarket Cap
Feb 22Next Earn
Vector Limited
NZX:VCT
(New Zealand Exchange)

Recent

price

4.52

P/E

ratio

21.02

div

yld

5.64%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
NZD
1.2
1.26
1.28
1.26
1.24
1.1
1.16
1.24
1.23
1.22
1.2
1.27
1.13
1.08
1.04
1.16
Revenue per Share
0.2
0.2
0.2
0.17
0.15
0.27
0.17
0.15
0.08
0.1
0.19
0.16
1.71
0.09
0.17
0.24
Basic EPS, GAAP
0.12
0.13
0.14
0.04
0.06
0.01
-0.02
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
0.14
0.15
0.15
0.16
0.16
0.16
0.16
0.16
0.16
0.17
0.17
0.17
0.17
0.23
0.27
0.26
Dividend per Share
2.1
2.14
2.25
2.3
2.29
2.39
2.44
2.44
2.33
2.24
2.32
2.41
3.94
3.76
3.6
3.63
Book Value per Share
0.48
0.52
0.61
0.66
0.64
1.11
1.04
1.04
0.98
0.96
1.03
1.15
2.73
2.63
2.55
2.58
Tangible Book Value per Share
996
996
997
996
996
996
996
998
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Basic Weighted Avg Shares
1,195
1,252
1,279
1,258
1,237
1,093
1,160
1,239
1,230
1,219
1,200
1,265
1,129
1,075
1,039
1,162
Sales/Revenue/Turnover
34.86
36.22
35.68
31.73
28.28
25.68
23.66
18.25
18.68
19.54
23.38
23.39
21.65
23.27
30.31
35.83
Operating Margin (%)
170
173
174
184
195
195
200
226
247
263
270
290
205
231
231
233
Depreciation Expense
201
199
203
169
146
271
166
148
83
95
193
159
1,714
89
167
240
Net Income, GAAP
28.92
28.79
28.84
26.95
29.11
42.91
16.81
19.72
38.46
36.2
23.87
32.34
29.49
55.64
35.86
29.64
Effective Tax Rate (%)
16.86
15.87
15.9
13.39
11.81
24.85
14.3
11.96
6.74
7.83
16.1
12.56
151.87
8.24
16.03
20.67
Profit Margin (%)
-171
40
-51
-435
-548
31
-775
-238
-450
-414
-244
-365
210
-175
-8
-197
Working Capital
2,103
2,437
2,420
4,537
5,171
2,005
3,541
2,171
3,012
2,791
2,867
2,877
2,085
1,850
2,095
2,132
LT Debt
2,113
2,148
2,258
2,308
2,299
2,398
2,448
2,458
2,349
2,260
2,335
2,430
3,958
3,777
3,601
3,629
Total Equity
7.19
7.02
6.94
4.84
3.21
1.94
3.93
3.12
2.11
2.33
3.93
3.11
2.88
1.39
3.08
5.03
Return on Invested Capital (%)
7.23
7.05
6.91
4.85
3.57
5.8
4.94
4.35
3.05
3.09
5.06
4.12
30.36
2.15
3.9
5.29
Return on Capital (%)
9.68
9.41
9.3
7.44
6.39
11.64
6.89
6.08
3.47
4.17
8.47
6.71
53.94
2.3
4.52
6.64
Return on Common Equity (%)

Capital Structure

NZD

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

NZD

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

NZD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.61%
11.69%
0.78%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
102.24%
199.69%
44.26%
Sales/Revenue/Turnover
0.82%
-0.32%
11.89%
Total Cash Common Dividend
5.41%
10%
-5.1%

Semi-annual Revenue

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,075
2025
- -
- -
1,039
2026
- -
- -
1,162

Semi-annual Earnings Per Share

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.09
2025
- -
- -
0.17
2026
- -
- -
0.24

Semi-annual Dividends Per Share

NZD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.23
2025
- -
- -
0.27
2026
- -
- -
0.26
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Business
Vector Limited (NZX:VCT), New Zealand's largest distributor of electricity and gas, owns and operates extensive electricity sub-transmission and distribution networks spanning the majority of the Auckland region from Wellsford to central Papakura and Waiheke Island, encompassing 19,594 km of lines serving over 616,000 customer connections; gas distribution networks in Auckland and northern Waikato covering 7,014 km and 120,000 connections; Vector Fibre optic networks for high-speed business data services; a 50% stake in Bluecurrent for electricity and gas metering deployments; bottled gas operations via natural gas and LPG sales, storage, and processing; new energy solutions including solar infrastructure, EV charging, home ventilation, heating, and water filtration through its HRV business; and technology services such as cybersecurity, data platforms, and digital energy solutions via Vector Technology Solutions. Headquartered in Auckland and founded in 1999 from the corporatization of the Auckland Electric Power Board, Vector delivers energy-related services to more than 620,000 residential and commercial customers primarily across New Zealand's North Island, with 75.1% ownership by Entrust on behalf of Auckland electricity consumers and the balance publicly traded. Recent developments include the sale of its LPG assets in February 2025, the divestment of natural gas trading and Vector Ongas businesses, and the August 2025 agreement to sell the HRV business for NZ$2.5 million to a consortium of franchisees and management to refocus on core regulated networks and growth areas like metering and technology solutions; entry into the Commerce Commission's DPP4 regulatory cycle for electricity networks from April 2025; a new five-year drone and helicopter network inspection program; deployment of GridAware optimization tools from partnerships with X and Tapestry; the appointment of a new group chief executive in September 2025 following Simon Mackenzie's departure; and full-year 2025 results showing adjusted EBITDA up 16% to $401.1 million for continuing operations with capital expenditure of $470.1 million.