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Fairly valued
Morningstar Quantitative Rating as of 5 NOV 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 5.32 Fair value 5.84 One-star price 6.42
Morningstar Quantitative Rating as of 5 NOV 2026.
Morningstar Quantitative Rating as of 5 NOV 2026. The slider runs from the five-star price (5.32) to the one-star price (6.42).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 5.73 |
| Price - 12 month high | 6.81 |
| Price - 12 month low | 4.91 |
| Pricing date | 5 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 3.34 |
| Market capitalization | 4,673.44 |
| 12 Month High price date | 24 JUN 2026 |
| 12 Month Low price date | 15 APR 2026 |
| Volume - avg. trading volume for the last 3 months | 2.44 |
| Price - 1 Day % Change | -2.22% |
| Price - 13 week price percent change | -5.13% |
| Price - 26 week price percent change | -2.72% |
| Price - 5 Day % Change | -1.21% |
| Price - 52 week price percent change | 1.42% |
| Price - YTD price percent change | -3.70% |
| Price % Change Month To Date | -6.07% |
| EPS excluding extraordinary items - most recent fiscal year | 0.320 |
| EPS excluding extraordinary items - trailing 12 month | 0.319 |
| EPS Normalized - most recent fiscal year | 0.303 |
| Revenue/share - most recent fiscal year | 7.220 |
| Revenue/share - trailing 12 month | 7.210 |
| Book value per share - most recent fiscal year | 0.679 |
| Book value per share - most recent half-year | 0.661 |
| Book value (tangible) per share - most recent fiscal year | -0.732 |
| Book value (tangible) per share - most recent half-year | -0.798 |
| Cash per share - most recent fiscal year | 0.286 |
| Cash per share - most recent half-year | 0.588 |
| Cash Flow per share - most recent fiscal year | 0.445 |
| Cash Flow per share - trailing 12 month | 0.449 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.243 |
| EBITD per share - trailing 12 month | 0.665 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.324 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.323 |
| EPS including extraordinary items - most recent fiscal year | 0.324 |
| EPS including extraordinary items - trailing 12 month | 0.323 |
| Free Cash Flow per share - trailing 12 month | 0.293 |
| P/E excluding extraordinary items, most recent fiscal year | 17.97 |
| P/E Normalized, most recent fiscal year | 17.89 |
| Price to sales - most recent fiscal year | 0.79 |
| Price to Tangible Book - most fiscal year | — |
| Price to Free Cash Flow per Share - most recent fiscal year | 19.53 |
| Price to Cash Flow per share - trailing 12 month | 12.76 |
| Price to Book - most recent fiscal year | 8.67 |
| P/E excluding extraordinary items high, trailing 12 months | 21.70 |
| P/E excluding extraordinary items low, trailing 12 months | 15.56 |
| Net Debt, LFI | 742.90 |
| Net Debt, LFY | 698.80 |
| Dividend Yield - 5 Year Average | 2.54% |
| Dividend Yield - indicated annual dividend divided by closing price | 4.24% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 4.24% |
| Free Cash Flow - most recent fiscal year | 268.80 |
| LT debt/equity - most recent fiscal year | 157.24% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 166.65% |
| LT debt/equity - most recent half-year | 217.72% |
| Total debt/total equity - most recent half-year | 226.53% |
| Free Cash Flow - trailing 12 month | 244.00 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 6,141.10 |
| Revenue - trailing 12 month | 5,997.50 |
| EBITD - most recent fiscal year | 557.00 |
| EBITD - trailing 12 month | 552.80 |
| Earnings before taxes - most recent fiscal year | 388.30 |
| Earnings before taxes - trailing 12 month | 377.20 |
| Net Income available to common - most recent fiscal year | 272.20 |
| Net Income available to common - trailing 12 months | 265.30 |
| Earnings before taxes Normalized - most recent fiscal year | 394.20 |
| Net Income Available to Common, Normalized - most recent fiscal year | 257.60 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.32 |
| Net Profit Margin % - 1st historical fiscal year | 4.43% |
| Net Profit Margin % - trailing 12 month | 4.42% |
| Operating margin - 1st historical fiscal year | 6.67% |
| Operating margin - trailing 12 month | 7.19% |
| Pretax margin - trailing 12 month | 6.29% |
| Pretax margin - 1st historical fiscal year | 6.32% |
| Operating Margin - 5 year average | 5.08% |
| Pretax Margin - 5 year average | 4.01% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 4.29% |
| Free Operating Cash Flow/Revenue, TTM | 4.07% |
| Net Profit Margin - 5 year average | 2.99% |
| Return on average assets - most recent fiscal year | 9.16% |
| Return on average assets - trailing 12 month | 8.63% |
| Return on average equity - most recent fiscal year | 45.90% |
| Return on average equity - trailing 12 month | 47.14% |
| Return on average assets - 5 year average | 6.62% |
| Return on average equity - 5 year average | 35.04% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | — |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | 33.64% |
| Revenue/share (5 yr growth) | — |
| Growth rate% - Revenue, 3 year | 5.92% |
| Growth rate% - EPS, 3 year | 12.86% |
| Book value per share growth rate, 5 year | — |
| Capital Spending growth rate, 5 year | — |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | |||||
| Estimate breakdown | ||||||||
Financials (AUD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Ventia’s selling history is best viewed as a textbook IPO vendor exit: structured, disclosed and ultimately absorbed without lasting damage to the share price. In fact, the stock re-rated significantly once Apollo and CIMIC had fully exited and the persistent vendor overhang was removed.
VNT is a $4.4bn infrastructure services provider, operating in Australia and New Zealand. It manages, operates and maintains critical public and private assets, including telecommunications, defence bases, energy networks, water systems, and road & rail infrastructure.
VNT -22.56% & DOW -5.95%: A tough day for both, though Ventia was the harder hit given the allegations are more influential to them. The ACCC announced civil proceedings against divisions of both companies as well as targeting four senior executives, for “alleged price fixing relating to estate maintenance and operation services for the Department of Defence. Both firms provide services to Department of Defence under separate billion-dollar contracts.
Ventia is an often-ignored $3.6bn infrastructure business that enjoys a few major tailwinds as we move into 2025. 8 analysts cover VNT and all are buy rated with a consensus price target of $4.56, implying 7% upside.
MM is bearish on VNT ~$6
MM is bullish towards VNT
MM has turned neutral on VNT, awaiting more information
MM likes VNT around $4.20
While Ventia is not the largest player with an estimated sub 10% share of addressable markets, it is nonetheless a leading infrastructure maintenance services provider in Australia and New Zealand. Its capabilities span the full asset lifecycle including operations and maintenance, facilities management, minor capital works, environmental services, and other solutions. And its business model is favorably capital-light via flexing of a large contractor base complementing a deep pool of talented employees. Ventia has long-term relationships with a diverse range of public and private sector clients with many client relationships maintained for decades. Contracts are favorably long with an average five-year duration at inception and most containing some form of embedded price escalation.
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