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Vector (VCT) Price & Analysis

VCT Stock Chart & Stats

NZ$4.55NZ$0.00(0.00%)
At close: 4:00 PM EDT
NZD 4.5NZD 4.75NZD 53 Aug17 Aug31 Aug14 Sep28 Sep12 Oct27 Oct
Day’s Range
NZD 4.54 - NZD 4.70
52-Week Range
NZD 4.40 - NZD 5.30
Previous Close
NZD 4.55
Volume
99.70K
Average Volume (3M)
189.81K
Market Cap
NZD 4.55B
Enterprise Value
NZD 7.35B
Total Cash (Recent Filing)
NZD 5.40M
Total Debt (Recent Filing)
NZD 2.31B
Price to Earnings (P/E)
19.0
Beta
0.18
Next Earnings
Feb 22, 2027
EPS Estimate
N/A
Next Dividend Ex-Date
N/A
Dividend Yield
5.72%

Bulls Say, Bears Say

Bulls Say

Profitability Growth

Strong EBITDA and NPAT growth indicates improved earnings capacity, supported by higher regulated electricity revenue and the absence of a prior gas impairment. Management’s FY27 EBITDA guidance of $540–$560 million suggests this stronger profitability is expected to continue.

Electricity Network Position

Vector’s Auckland electricity network is benefiting from customer growth and rising demand, while record investment supports capacity and resilience. Its large connection base and role in electrification provide a durable platform for regulated infrastructure earnings over coming periods.

Improved Leverage And Credit

Lower debt-to-equity and a BBB+ rating with positive outlook indicate a more resilient balance sheet for a capital-intensive utility. This supports access to funding and provides greater financial stability as Vector executes its long-term network investment programme.

Bears Say

Heavy Capital Intensity

Persistent heavy capital requirements absorb much of Vector’s operating cash flow, leaving free cash flow thin and volatile. This reduces flexibility for debt reduction, dividends, or other investment if operating conditions weaken, especially as FY27 capex is guided to another record level.

Gas Distribution Decline

Declining gas volumes and connections point to a contracting part of Vector’s portfolio, while management also cited market uncertainty and a shift toward maintenance spending. This can limit growth and reduce the contribution from gas assets as customer energy preferences change.

Debt And Refinancing Pressure

Higher net debt alongside elevated investment increases funding demands at a time when refinancing is approaching. Although leverage remains manageable, refinancing needs can constrain capital allocation and leave Vector more exposed to financing conditions while it funds substantial network expenditure.

Vector News

VCT FAQ

What was Vector’s price range in the past 12 months?
Vector lowest stock price was NZ$4.40 and its highest was NZ$5.30 in the past 12 months.
What is Vector’s market cap?
Vector’s market cap is NZ$4.55B.
When is Vector’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were Vector’s earnings last quarter?
Vector released its earnings results on Aug 18, 2026. The company reported NZ$0.127 earnings per share for the quarter.
Is Vector overvalued?
Not enough analysts have published a price target to calculate whether the price is overvalued.
Does Vector pay dividends?
Vector pays a Semiannually dividend of NZ$0.135 which represents an annual dividend yield of 5.72%. See more information on Vector dividends here
What is Vector’s EPS estimate?
Vector’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Vector have?
Vector has 1,000,000,000 shares outstanding.
What happened to Vector’s price movement after its last earnings report?
Vector reported an EPS of NZ$0.127 in its last earnings report. Following the earnings report the stock price went up 1.011%.
Which hedge fund is a major shareholder of Vector?
Currently, no hedge funds are holding shares in NZ:VCT
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology