0R15 9025.0 0.0% 0R1E 9410.0 0.0% 0M69 None None% 0R2V 247.99 9682.643% 0QYR 1567.5 0.0% 0QYP 439.3701 -2.9016% 0RUK None None% 0RYA 1597.0 1.2682% 0RIH 195.55 0.0% 0RIH 191.4 -2.1222% 0R1O 225.5 9683.0803% 0R1O None None% 0QFP 10475.8496 107.8542% 0M2Z 252.573 0.2373% 0VSO 33.0 -7.3164% 0R1I None None% 0QZI 622.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 222.05 -4.1318%
The Offering
Company Overview
Ventia Services Group Limited is one of the largest providers of infrastructure services in Australia & New Zealand. The Company was founded in 2015. The Company provides minor capital works, operations and maintenance, asset management and facilities management.
Revenue Mix
Source: Company Filing
Key Highlights
Source: IPO Prospectus
Source: IPO Prospectus
Total estimated addressable market for Maintenance Services across Australia and New Zealand ($bn)
Source: IPO Prospectus
Financial Highlights
Source: IPO Prospectus
Key Management Highlights
Risk Associated (Moderate to High)
Investment in the IPO of "VNT" is exposed to a variety of risks such as:
Conclusion
The company operates in a large and growing market backed by several growth catalysts for demand drivers, including population growth, size and growth of the asset base, increasing outsourcing rates, technology adoption and automation and environmental regulations.
Moreover, the company maintains strong earnings quality with operating cash flow conversion of between 80% and 90% of EBITDA, and this percentage is expected to improve in the upcoming financial year. Further, the company has a strong balance sheet with robust debt protection metrics.
However, Ventia is also exposed to various risks ranging from failure to renew existing contracts successfully to winning new contracts, which could negatively impact Ventia’s financial performance. In addition, a resurgence in COVID-19 cases could also have a significant impact on the company’s performance.
Therefore, given the robust business model, strong client base, superior earnings quality, and vital risk metrics, the IPO of Ventia Services Group Limited is looking “Attractive“ at the current price band. However, the risk associated with this IPO ranges from Moderate to High Risk.
Disclaimer
References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.
This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.
The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. No advice or information, whether oral or written, obtained by you from Kalkine or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation.
Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall NOT be held liable for any investment or trading losses you may incur by using the opinions expressed in our publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.
Kalkine Media Limited, an affiliate of Kalkine Limited, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.