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Provides infrastructure maintenance services for roads, telecoms, defense bases and utilities across Australia and New Zealand.
Provides infrastructure maintenance services for roads, telecoms, defense bases and utilities across Australia and New Zealand.
Contracts are multi-year, mostly with government departments and utilities, and typically pay a fixed fee plus extras for maintaining roads, networks and defense bases, so revenue recurs; renewals are won by tender. Small cost slips on fixed-fee work can hurt margins.
In one line: An infrastructure-services contractor, like a smaller AECOM facilities arm.
Moat: narrow (switching costs, regulatory licence). Long-term, multi-year government/utility maintenance contracts create high switching costs.
Headquarters: Sydney, Australia · Founded: 2015 · Employees: 35,000
Size Ventia Services (VNT.AX) is an Australia Industrials company (Engineering & Construction) with a market value of $3.24B, the 93rd largest of 316 Australia companies the cockpit tracks. Shares closed at A$5.73 on 6 Nov 2026.
Performance Over six months the shares fell 2.0%, against -15.1% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue fell 1.0% over the last twelve months (peer median +4.1%); the operating margin is 7.2% (peer median 5.5%).
Valuation It trades at 16.1× forward earnings against a peer median of 13.0× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.0 points above its cost of capital (7.6% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$6.00B | A$6.14B | A$6.11B | A$5.68B | A$5.17B |
| Revenue growth | — | +1% | +8% | +10% | — |
| Gross profit | A$607M | A$618M | A$583M | A$481M | A$452M |
| EBITDA | A$552M | A$531M | A$496M | A$462M | A$411M |
| Net income | A$265M | A$272M | A$220M | A$190M | A$191M |
| Free cash flow | A$303M | A$305M | A$301M | A$266M | A$258M |
| Capital expenditure | A$130M | A$110M | A$69.0M | A$50.9M | A$38.4M |
| Total debt | n/a | A$935M | A$888M | A$879M | A$877M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ventia Services VNT.AX | $3.24B | -2% | -1% | 7% | 16.1× | -1.4% |
| Downer EDI DOW.AX | $3.21B | -6% | -7% | 4% | 15.8× | 11.1% |
| Service Stream SSM.AX | $943M | +7% | +1% | 3% | 17.6× | 11.7% |
| Monadelphous MND.AX | $1.98B | -4% | +29% | 5% | 22.7× | 5.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VNT.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.1% | -5.6% | 11th highest of 21 |
| 6-month return | -2.0% | -15.1% | 6th highest of 21 |
| Distance from 52-week high | -15.9% | -28.3% | 5th highest of 21 |
| Revenue growth (TTM) | -1.0% | +4.1% | 6th lowest of 21 |
| Operating margin | 7.2% | 5.5% | 8th highest of 21 |
| Forward P/E | 16.1× | 13.0× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.4% | 4.3% | 6th least demanding of 17 |
| Growth delivered (Del g) | +13.7% | +5.0% | 5th highest of 17 |
| Hurdle (Req g minus delivered) | -15.1 pp | -4.4 pp | 4th least demanding of 17 |
| ROIC minus cost of capital | +16.0 pp | +2.0 pp | 2nd highest of 19 |
| EV / EBITDA | 9.8× | 8.5× | 4th most expensive of 13 |
| Net debt / EBITDA | 1.4× | 1.0× | 7th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ventia Services VNT.AX | Australia | $3.24B | -2% | -1% | 7% | 16.1× | -1.4% | +13.7% |
| Downer EDI DOW.AX | Australia | $3.21B | -6% | -7% | 4% | 15.8× | 11.1% | -3.4% |
| China Communications Services 0552.HK | Hong Kong | $3.19B | -19% | 0% | 2% | 5.7× | n/a | n/a |
| Sinoma International Engineering 600970.SS | China | $3.15B | -14% | +3% | 5% | 9.2× | -8.3% | +10.3% |
| Veidekke VEI.OL | Norway | $3.13B | +25% | +8% | 5% | 17.1× | -3.5% | +2.5% |
| Kraftia 1959.T | Japan | $3.10B | -29% | +5% | 12% | 10.8× | 2.8% | +4.0% |
| Worley WOR.AX | Australia | $3.39B | -16% | -5% | 4% | 12.6× | 5.2% | +2.3% |
| Alten ATE.PA | France | $3.43B | +43% | 0% | 8% | 11.4× | 3.5% | +11.9% |
| SINOPEC Engineering (Group) 2386.HK | Hong Kong | $3.05B | -13% | +14% | 2% | 9.0× | n/a | n/a |
| Legence LGN | United States | $3.02B | -72% | +69% | 3% | 12.2× | 29.7% | +69.2% |
| Bravida BRAV.ST | Sweden | $3.00B | +30% | +4% | 6% | 19.0× | 5.3% | +5.9% |
| L&K Engineering (Suzhou) 603929.SS | China | $2.99B | -50% | +43% | 25% | 14.8× | 7.5% | +39.5% |
| Primoris Services PRIM | United States | $3.52B | -38% | -5% | 3% | 13.7× | 22.8% | +16.8% |
| Comsys 1721.T | Japan | $3.55B | -15% | +4% | 8% | 13.3× | -0.7% | +2.3% |
| ACME Solar ACMESOLAR.NS | India | $2.95B | +32% | +54% | 66% | 29.6× | n/a | n/a |
| Jgc 1963.T | Japan | $2.94B | -18% | -15% | 6% | 10.0× | n/a | n/a |
| Sacyr SCYR.MC | Spain | $3.58B | -14% | +6% | 24% | 20.5× | -5.4% | +0.5% |
| Shanghai Construction 600170.SS | China | $2.89B | -20% | -22% | 1% | 16.7× | -10.4% | -2.3% |
| EXEO 1951.T | Japan | $2.84B | -22% | +18% | 7% | 12.2× | -5.0% | +6.6% |
| China Southern Power Grid Technology 688248.SS | China | $3.71B | -20% | +28% | 12% | 47.6× | 25.8% | +27.0% |
| Peab PEAB-B.ST | Sweden | $2.80B | +5% | +4% | 4% | 11.4× | 6.6% | -0.4% |