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Vector Group Ltd

Consumer Defensive US VGR

NoneUSD
-(-%)

Last update at 2024-11-06T19:01:19.057859Z

Day Range

--
LowHigh

52 Week Range

9.6813.43
LowHigh

Fundamentals

  • Previous Close 14.99
  • Market Cap1769.84M
  • VolumeNone
  • P/E Ratio10.23
  • Dividend Yield7.05%
  • EBITDA351.22M
  • Revenue TTM931.42M
  • Revenue Per Share TTM6.08
  • Gross Profit TTM 442.35M
  • Diluted EPS TTM1.11

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 220.56M 209.96M 134.72M 133.83M 79.56M
Minority interest 0.00000M 0.19M 0.00000M 0.04M -0.09800M
Net income 158.70M 147.15M 92.94M 100.97M 58.10M
Selling general administrative 103.10M 131.42M 329.52M 370.01M 355.51M
Selling and marketing expenses - - - - -
Gross profit 442.35M 451.16M 635.52M 602.13M 577.78M
Reconciled depreciation 7.22M 16.33M 17.63M 17.85M 18.81M
Ebit 339.01M 320.44M 245.14M 231.13M 231.40M
Ebitda 331.05M 343.35M 312.11M 251.14M 250.20M
Depreciation and amortization -7.95600M 22.91M 66.97M 20.01M 18.81M
Non operating income net other -1.83700M -8.00000M 55.81M -4.30100M -4.06600M
Operating income 339.01M 320.44M 245.14M 231.13M 224.05M
Other operating expenses 1101.76M 900.96M 1696.67M 1671.59M 1648.00M
Interest expense 110.67M 112.73M 121.54M 138.45M 203.78M
Tax provision 61.86M 62.81M 41.78M 32.81M 21.55M
Interest income 8.63M 88.22M 96.67M 12.59M 11.35M
Net interest income -110.66500M -112.72800M -121.54100M -125.85800M -192.43100M
Extraordinary items 0.00000M 72.31M -33.98400M 7.08M 2.69M
Non recurring 0.24M -0.69900M 60.86M -0.99000M 1.78M
Other items - - - - -
Income tax expense 61.86M 62.81M 41.78M 32.81M 21.55M
Total revenue 1441.01M 1220.70M 2002.67M 1903.71M 1870.26M
Total operating expenses 103.10M 131.42M 329.52M 370.01M 355.51M
Cost of revenue 998.66M 769.54M 1367.14M 1301.58M 1292.48M
Total other income expense net -118.44800M -110.47800M -110.42800M -97.30700M 61.07M
Discontinued operations - 72.31M 72.31M 72.31M 72.31M
Net income from continuing ops 158.70M 147.15M 137.64M 101.02M 58.01M
Net income applicable to common shares 158.70M 219.46M 92.94M 100.97M 58.10M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 908.59M 871.09M 1343.41M 1505.09M 1549.50M
Intangible assets 107.51M 107.51M 175.82M 187.99M 189.04M
Earning assets - - - - -
Other current assets 9.77M 10.07M 37.22M 44.91M 26.35M
Total liab 1716.47M 1712.64M 2003.10M 2190.11M 2096.87M
Total stockholder equity -807.87700M -841.55300M -659.68700M -685.46400M -548.05900M
Deferred long term liab 51.03M 34.77M 32.46M 33.70M 37.41M
Other current liab 92.62M 10.15M 223.07M 38.16M 31.28M
Common stock 15.48M 15.40M 15.33M 14.81M 14.09M
Capital stock 15.48M 15.40M 15.33M 14.81M 14.09M
Retained earnings -812.38000M -852.39800M -653.94500M -678.46400M -542.16900M
Other liab 145.11M 139.91M 171.85M 174.79M 225.25M
Good will - - 31.76M 78.01M 77.57M
Other assets 95.32M 85.75M 393.94M 126.27M 111.57M
Cash 224.58M 193.41M 352.84M 371.34M 584.58M
Cash and equivalents 224.58M 193.41M 352.84M 371.34M 584.58M
Total current liabilities 175.62M 165.29M 283.31M 461.13M 484.92M
Current deferred revenue 51.03M 141.78M 7.63M 185.19M 184.36M
Net debt 1196.77M 1217.95M 1234.85M 1410.40M 1058.25M
Short term debt 25.62M 3.92M 39.76M 227.56M 256.13M
Short long term debt 22.07M 0.08M 12.56M 209.27M 256.13M
Short long term debt total 1421.35M 1411.36M 1587.69M 1781.74M 1642.83M
Other stockholder equity 5.09M 11.17M -21.07400M 0.45M 0.69M
Property plant equipment 47.32M 9.10M 77.99M 82.16M 86.74M
Total current assets 492.37M 471.80M 663.90M 681.61M 872.22M
Long term investments 166.08M 53.07M 137.93M 129.64M 131.57M
Net tangible assets -915.38800M -789.71300M -659.68700M -951.45700M -814.67000M
Short term investments 116.44M 146.69M 135.59M 129.64M 131.57M
Net receivables 49.13M 27.02M 40.71M 36.96M 34.25M
Long term debt 1390.26M 1398.59M 1393.73M 1397.22M 1411.49M
Inventory 92.45M 94.61M 97.55M 98.76M 91.00M
Accounts payable 6.35M 9.44M 12.85M 10.22M 13.14M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - 0.45M 0.69M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -16.07300M -15.72300M -21.07400M -21.80800M -19.98200M
Additional paid in capital - - - - -
Common stock total equity 15.48M 15.40M 15.33M 14.81M 14.09M
Preferred stock total equity - - - - -
Retained earnings total equity -812.38000M -852.39800M -653.94500M -678.46400M -542.16900M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 44.28M 32.10M 35.81M 104.15M 79.16M
Deferred long term asset charges - - - - -
Non current assets total 416.23M 399.28M 679.51M 823.48M 677.28M
Capital lease obligations 9.02M 12.69M 181.41M 175.26M -
Long term debt total 1390.26M 1398.59M 1393.73M 1397.22M 1411.49M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 7.20M -47.28700M 19.03M 21.88M 18.63M
Change to liabilities -8.31800M 0.20M 3.24M -3.98300M 4.44M
Total cashflows from investing activities -3.72800M -61.97000M 7.34M -23.09900M 43.46M
Net borrowings 9.76M -8.05800M -209.94100M 230.00M 325.00M
Total cash from financing activities -122.06400M -364.07700M -288.68700M -313.22500M 55.49M
Change to operating activities -6.53100M -44.44000M 12.39M -20.71200M 29.24M
Net income 158.70M 219.27M 92.94M 101.02M 58.01M
Change in cash 55.52M -170.82800M -13.79900M -212.25300M 280.79M
Begin period cash flow 194.85M 365.68M 379.48M 591.73M 310.94M
End period cash flow 250.37M 194.85M 365.68M 379.48M 591.73M
Total cash from operating activities 181.32M 255.22M 267.55M 124.07M 181.83M
Issuance of capital stock 0.00000M 0.00000M 52.56M 0.00000M 0.00000M
Depreciation 7.22M 16.33M 17.63M 17.85M 18.81M
Other cashflows from investing activities -0.97500M -1.17700M 7.37M 0.02M 0.00900M
Dividends paid 128.26M 131.80M 128.23M 238.25M 225.37M
Change to inventory 2.17M 2.93M 1.22M -7.76700M -1.20700M
Change to account receivables -24.80400M -41.22000M -3.06200M -7.95000M -13.37200M
Sale purchase of stock 0.00000M 1.62M 130.74M 0.29M 2.52M
Other cashflows from financing activities 109.00M 658.56M -3.07800M 457.97M 620.10M
Change to netincome 43.97M 59.75M 31.13M -15.64300M 95.13M
Capital expenditures 9.96M 13.51M 19.06M 12.57M 17.68M
Change receivables -24.80400M -9.63000M -8.37100M -7.95000M -13.37200M
Cash flows other operating 2.38M -33.63600M 104.87M 40.55M 20.02M
Exchange rate changes - - - - -
Cash and cash equivalents changes 55.52M -170.82800M -13.79900M -212.25300M 280.79M
Change in working capital -37.48500M -50.94400M 8.47M -40.41200M 19.10M
Stock based compensation 7.85M 14.80M 9.48M 9.47M 9.95M
Other non cash items 29.81M 41.29M 139.70M 47.35M 93.60M
Free cash flow 171.36M 241.71M 248.48M 111.50M 164.15M

Peer Comparison

Sector: Consumer Defensive Industry: Tobacco

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
VGR
Vector Group Ltd
- -% - 10.23 9.69 1.88 - 1.81 7.19
PM
Philip Morris International Inc
-1.12 0.90% 123.43 18.05 14.08 4.17 - 5.47 13.66
BTAFF
British American Tobacco p.l.c
-0.69 1.86% 36.50 - 7.91 3.31 1.20 3.79 10.29
BTI
British American Tobacco p.l.c.
0.14 0.38% 37.14 - 7.99 3.19 1.21 3.78 10.26
MO
Altria Group
0.16 0.30% 53.41 8.24 8.09 3.47 27.30 4.61 7.77

Reports Covered

Stock Research & News

Profile

Vector Group Ltd., through its subsidiaries, manufactures and sells cigarettes in the United States. It operates in two segments, Tobacco and Real Estate. The company produces cigarettes under the EAGLE 20's, Pyramid, Montego, Grand Prix, Liggett Select, Eve, and USA brand names, as well as various partner and private label brands. It markets and sells its cigarettes to wholesalers and distributors of tobacco and convenience products, as well as grocery, drug, and convenience store chains. The company also engages in real estate investment business, operates apartment buildings, hotels, and commercial real estate ventures. The company was formerly known as Brooke Group Ltd. and changed its name to Vector Group Ltd. in May 2000. Vector Group Ltd. was founded in 1873 and is headquartered in Miami, Florida.

Vector Group Ltd

4400 Biscayne Boulevard, Miami, FL, United States, 33137

Key Executives

Name Title Year Born
Mr. Howard M. Lorber Pres, CEO & Director 1949
Mr. James Bryant Kirkland III Sr. VP, CFO & Treasurer 1966
Mr. Richard J. Lampen Exec. VP, COO & Director 1954
Mr. Marc N. Bell Sr. VP, Gen. Counsel & Sec. 1961
Mr. Nicholas P. Anson Pres & COO of Liggett Group LLC and Liggett Vector Brands LLC 1972
Mr. J. David Ballard Sr. VP of Enterprise Efficiency & CTO 1968
Mr. Fredrick W. Schmidt III, CPA VP & Controller 1945

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