VCT.NZ
BuyPremium GrowerAI neutralVector Limited · Utilities · New Zealand · $2.6B
NZD 4.72 -0.8% · close 5 Oct · scored 3 Oct
Premium Grower: Strong business with the market behind it, priced at a premium.
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Vector owns Auckland's electricity and gas distribution networks, and its returns are set by a regulator. Earnings are stable, but the business trades like a bond. Forward earnings estimates were cut about 4% over the past month, and higher-for-longer interest rates work against regulated utilities with meaningful debt.
ABOUT VECTOR LIMITED
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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.
FINANCIAL SUMMARY (NZD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2027E | 2028E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3B | 1.1B | 1.1B | 1.0B | -6.4% | 1.2B | 1.0B | 1.1B | 2.1% |
| EPS (NZD) | 0.16 | 1.71 | 0.09 | 0.17 | 1.5% | 0.24 | 0.11 | 0.13 | -7.5% |
| Shares | 1.0B | 1.0B | 1.0B | 1.0B | -0.0% | 1.0B | — | — | — |
| Debt | 3.3B | 2.3B | 2.1B | 2.1B | -13.6% | 2.3B | — | — | — |
| Equity | 2.4B | 3.9B | 3.8B | 3.6B | 14.3% | — | — | — | — |
| Op CF | 518.8M | 517.1M | 445.1M | 515.2M | -0.2% | 635.7M | — | — | — |
| Inv CF | -534.4M | 1.1B | -393.0M | -274.4M | — | — | — | — | — |
| Fin CF | 20.7M | -1.1B | -484.5M | -322.1M | — | — | — | — | — |
Calmer than 89% of stocks we rank over the past year (21% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of VCT.NZ are excluded.
Peer medians: ROE 4.6% · P/E 32.4x · Gross margin 32.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.