Morningstar lifts Australia's Ventia fair value, says stock somewhat overvalued

Ventia Services

18/06/2026 23:18

** Morningstar raises its fair value estimate for Australia's Ventia Services Group VNT.AX to A$5.90, still below its last close of A$6.63
** Says stock is 'somewhat overvalued' implying 7.7% revenue growth, slightly above the mid-point of the company's target range
** Adds that VNT well-positioned for growth on favorable structural dynamics, but sees 5.1% compound annual revenue growth rate for the four years to 2029, toward the low end of the company's 5%-10% target
** The revenue guidance assumes a more modest gain in market share to just over 7%, compared to the company's 8% guidance - Morningstar
** Notes that A$1.2 billion ($842.04 million) in new and renewed contracts in H1 2026 is a step back from 2025, which was a standout year for large contract wins
** Seven of 11 analysts rate the stock "buy" or higher, and four "hold"; their median price target is A$6.27, as per data compiled by LSEG
** Up ~11% YTD, as of last close 
     
($1 = 1.4251 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))