VENTIA SERVICES GROUP LIMITED (VNT)
Share Price Analysis and Chart

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VNT - VENTIA SERVICES GROUP LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers

Year End: December

GICS Industry Group : Capital Goods

Debt/EBITDA: 1.79

Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$4.12 22 Apr 2025	-0.060 OPEN $4.16	-1.44% HIGH $4.16	983,825 LOW $4.10

TARGET

$4.333

5.2% upside

Franking for last dividend paid out: 80%

OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	25.7	28.6	xxx
DPS (cps)	xxx	20.0	22.6	xxx
EPS Growth	xxx	16.0%	10.9%	xxx
DPS Growth	xxx	12.8%	13.1%	xxx
PE Ratio	xxx	N/A	14.7	xxx
Dividend Yield	xxx	N/A	5.4%	xxx
Div Pay Ratio(%)	xxx	77.6%	79.2%	xxx

Dividend yield today if purchased 3 years ago: 7.01%

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/02 - ex-div 9.41c (franking 80%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	25.7
DPS All	xxx	xxx	xxx	xxx	xxx	20.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	6,105.5 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	73.8
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	356.2 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	3.61 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	36.67 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	15.32 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	7.50 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	36.67 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	24.10 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	142.0 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	47 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	841 M
Total Debt	xxx	xxx	xxx	xxx	xxx	888 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	1,100 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	393 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	4.88

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Negative
Growth
Slowing

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	69.0 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	1.13 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	5,523 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	225 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	9 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Ord Minnett	xx/xx/xxxx	3	xxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Macquarie	20/02/2025	1	Outperform	$4.50	9.22%	Ventia Services' 2024 profit was up 16% year on year, above the guidance range and ahead of consensus. Ventia's 7-10% profit growth guidance highlights ongoing base business growth and also no material impact or contagion from recent ACCC allegations, Macquarie notes. It also reflects Ventia's essential services nature which continues to be resilient despite a tighter government budget backdrop. Gearing is down to 1.0x with up to a $100m buyback anounced which represents 3% of market cap. Macquarie notes the company offers defence renewals, bolt-on acquisition and/or capital management potential. Target rises to $4.50 from $4.26, Outperform retained. FORECAST Macquarie forecasts a full year FY25 dividend of 23.20 cents and EPS of 29.10 cents. Macquarie forecasts a full year FY26 dividend of 25.40 cents and EPS of 31.80 cents.
Morgans	xx/xx/xxxx	3	xxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Ord Minnett

xx/xx/xxxx

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

20/02/2025

Outperform

$4.50

9.22%

Ventia Services' 2024 profit was up 16% year on year, above the guidance range and ahead of consensus.

Ventia's 7-10% profit growth guidance highlights ongoing base business growth and also no material impact or contagion from recent ACCC allegations, Macquarie notes.

It also reflects Ventia's essential services nature which continues to be resilient despite a tighter government budget backdrop. Gearing is down to 1.0x with up to a $100m buyback anounced which represents 3% of market cap.

Macquarie notes the company offers defence renewals, bolt-on acquisition and/or capital management potential. Target rises to $4.50 from $4.26, Outperform retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 23.20 cents and EPS of 29.10 cents.
Macquarie forecasts a full year FY26 dividend of 25.40 cents and EPS of 31.80 cents.

Morgans

xx/xx/xxxx

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Canaccord Genuity	07/03/2025	1	Buy	$4.88	18.45%	Canaccord Genuity notes Ventia Services has effectively secured a five-year extension to its contract with NBN Co worth $2.1bn. The contract replaces two existing agreements that were due to expire in September. The broker estimates the new contract represents a 50% rise on current annual volumes, but is leaving forecasts unchanged at this stage. The broker reckons the company has already included the impact in its FY25 net profit guidance. Target price of $4.88 and Buy rating are unchanged. FORECAST Canaccord Genuity forecasts a full year FY25 dividend of 22.00 cents and EPS of 29.00 cents. Canaccord Genuity forecasts a full year FY26 dividend of 24.00 cents and EPS of 32.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Canaccord Genuity

07/03/2025

Buy

$4.88

18.45%

Canaccord Genuity notes Ventia Services has effectively secured a five-year extension to its contract with NBN Co worth $2.1bn. The contract replaces two existing agreements that were due to expire in September.

The broker estimates the new contract represents a 50% rise on current annual volumes, but is leaving forecasts unchanged at this stage. The broker reckons the company has already included the impact in its FY25 net profit guidance.

Target price of $4.88 and Buy rating are unchanged.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 22.00 cents and EPS of 29.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 24.00 cents and EPS of 32.00 cents.

Access Extra Coverage Research History >

VNT STOCK CHART

FNArena News on VNT

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Dividend Yield Today On Last Actual Payout :	4.75
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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VENTIA SERVICES GROUP LIMITED (VNT)
Share Price Analysis and Chart