Vector Limited (VETTF)
Vector Limited operates in the Diversified Utilities industry of the Utilities sector, headquartered in Auckland, NZ. The stock last traded at $2.23, down 18.32% on the session, giving a market capitalisation of $2.23B. On trailing twelve-month figures it carries a trailing P/E of 19.71, a net margin of 20.1%. Its beta of 0.37 implies it has historically moved less than the broad market.
Vector Limited, along with its associated companies, functions as a diverse energy and infrastructure services provider throughout New Zealand. Its core activities span electricity and gas distribution, natural gas and LPG sales, gas processing, metering services, telecommunications, and innovative energy solutions. The company segments its operations into Regulated Networks, Gas Trading, and Metering. In Auckland, Vector manages an extensive electricity grid, spanning approximately 18,000 kilometers of overhead lines and subterranean cables, supplying power to residential and commercial clients across the region from Wellsford to Papakura. The company also handles natural gas, encompassing its processing, trading, and sale, and supplies LPG both in bulk to commercial entities and in bottled form to homes and businesses. Beyond these fundamental services, Vector provides a range of specialized offerings, including its own solar energy systems. It also delivers comprehensive electricity and gas metering services, generating data for an estimated two million residential and business customers. In the telecommunications sector, Vector designs, builds, and maintains fiber optic network solutions that connect about 800 buildings within Auckland. Further services include an application for electric vehicle charging stations, management and distribution of bulk LPG storage, trustee and technology provisions, and the assembly of ventilation, heating, and water systems. Vector Limited's headquarters are located in Auckland, New Zealand, and it operates as a subsidiary of Entrust.
Vector Limited is most often compared with the following Utilities names: