Venture (V03) AI Stock Analysis

• Market Cap: $3.37B
• Dividend Yield: 8.54%
• Average Volume (3M): 512.55K
• Price to Earnings (P/E): 13.9
• Beta (1Y): 0.86
• Revenue Growth: -9.56%
• EPS Growth: -8.94%
• Country: SG
• Employees: 9,987
• Sector: Technology
• Sector Strength: 86
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.19
• Shares Outstanding: 289,121,200
• 10 Day Avg. Volume: 539,400
• 30 Day Avg. Volume: 512,553
• PEG Ratio: 0.72
• Price to Book (P/B): 1.75
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 21.07
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $11.38
• Price Target Upside: -3.38% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 79 Outperform
• Price Target: S$13.00 ▲(10.36%Upside)

The overall stock score of 79 reflects Venture's strong financial stability and attractive valuation, particularly due to its low debt and high dividend yield. However, the score is moderated by mixed technical indicators and concerns over declining profit margins and inconsistent revenue growth.

Positive Factors

Dividends

The company maintains a dividend of 75 cents, representing a record payout ratio of 89%.

Financial Stability

Venture ended FY24 with net cash of S$1.3bn, providing financial stability.

Market Positioning

VMS is well-positioned to proactively create competitive solutions for its customers and partners, with opportunities to expand market share in several technology domains.

Negative Factors

Earnings

Venture Corporation's 1Q25 earnings of S$56m missed expectations, forming only 22% of the full-year estimate due to lower demand in the Lifestyle Consumer technology domain.

Economic Environment

The ongoing tariff situation has created significant uncertainty in the global economic environment, with no clear visibility in the tariff landscape.

Revenue Performance

Revenue has been falling for eight consecutive quarters, with 4Q24 revenue being the lowest since FY16.

Venture Business Overview & Revenue Model

Company Description

Venture (V03) is an innovative technology company that operates in the sectors of e-commerce, digital payments, and logistics. It specializes in providing a seamless online shopping experience through its advanced platform that integrates secure payment solutions and efficient delivery services. Venture (V03) aims to enhance the digital marketplace by offering a comprehensive suite of products and services designed to cater to both consumers and businesses.

How the Company Makes Money

Venture (V03) generates revenue through multiple streams: First, it collects transaction fees from sellers and buyers using its e-commerce platform, which serves as a marketplace for a wide range of products. Second, the company earns money through its digital payment gateway by charging a percentage fee on each transaction processed. Additionally, Venture (V03) has significant partnerships with logistics companies, allowing it to offer integrated shipping solutions, for which it receives a commission on each delivery. These combined revenue streams, along with potential premium service offerings and advertising opportunities on its platform, contribute to its overall earnings.

Venture Financial Statement Overview

Summary

Venture exhibits a solid financial foundation with strong cash flow and balance sheet metrics. However, the income statement highlights concerns with declining profit margins and inconsistent revenue growth, suggesting potential competitive and market challenges. The company's low leverage and high equity ratio provide financial stability, while efficient cash management supports operational resilience.

Income Statement

The income statement reveals a mixed trend. The gross profit margin for the latest year is approximately 26.0%, a solid indication of effective cost management. However, the net profit margin has decreased from 8.9% in 2022 to 8.3% in 2023, suggesting reduced profitability. Revenue growth has been inconsistent, with a decline in recent years, indicating potential challenges in market expansion or competition pressures. The EBIT margin is unavailable for the latest year, but past data suggests decreasing profitability. The EBITDA margin shows a decrease from 10.4% in 2022 to 9.3% in 2023, further indicating declining profitability.

Balance Sheet

The balance sheet is relatively strong with a low debt-to-equity ratio of approximately 0.01, indicating low financial leverage. Return on Equity (ROE) has decreased from 9.7% in 2022 to 8.5% in 2023, reflecting reduced profit generation relative to equity. The equity ratio is robust at approximately 77.9%, highlighting financial stability and significant asset backing. Overall, the company maintains a strong balance sheet position with minimal debt and a high equity base.

Cash Flow

The cash flow statement shows positive free cash flow growth, indicating effective cash management and operational efficiency. The operating cash flow to net income ratio is strong at 1.78, suggesting efficient cash generation relative to earnings. However, the free cash flow to net income ratio shows a slight decline to 1.72, though it remains robust. Overall, the company demonstrates strong cash flow performance, supporting ongoing operations and potential investments.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.74B	3.03B	3.86B	3.11B	3.01B
Gross Profit	711.15M	770.01M	939.03M	808.77M	792.35M
EBITDA	340.25M	315.82M	481.94M	396.69M	384.94M
Net Income	245.03M	270.02M	369.62M	312.05M	297.32M
Balance Sheet
Total Assets	3.70B	3.55B	3.75B	3.64B	3.24B
Cash, Cash Equivalents and Short-Term Investments	1.32B	1.06B	812.59M	807.93M	928.74M
Total Debt	30.25M	27.53M	24.29M	13.53M	20.95M
Total Liabilities	805.62M	716.93M	908.51M	915.81M	650.44M
Stockholders Equity	2.89B	2.83B	2.84B	2.72B	2.59B
Cash Flow
Free Cash Flow	465.74M	473.89M	235.49M	90.47M	425.10M
Operating Cash Flow	482.51M	521.42M	269.08M	101.83M	453.15M
Investing Cash Flow	10.49M	-47.56M	-24.88M	-2.09M	-19.89M
Financing Cash Flow	-248.95M	-236.47M	-226.73M	-225.72M	-214.25M

Venture Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:V03, the sentiment is Positive. The current price of 11.78 is above the 20-day moving average (MA) of 11.38, above the 50-day MA of 11.17, and below the 200-day MA of 12.05, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 68.52 is Neutral, neither overbought nor oversold. The STOCH value of 95.24 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:V03.

Venture Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
V03	79 Outperform	$3.37B	13.85	8.59%	8.54%	-9.56%	-8.94%
8AZ	79 Outperform	S$432.20M	6.13	20.62%	35.09%	-30.65%	-29.55%
E28	69 Neutral	S$533.86M	14.38	8.89%	2.63%	6.93%	14.19%
Sector *	63 Neutral	$33.61B	6.06	-11.53%	1.82%	5.53%	-18.79%
MZH	61 Neutral	S$423.62M	55.08	2.02%	1.30%	15.39%	140.82%
AWX	55 Neutral	S$463.80M	40.71	2.40%	―	-20.96%	―

Venture Corporate Events

Venture Corporation Appoints New Independent Director

Venture Corporation Limited has announced the appointment of Mr. Robert William Mahlik as an Independent Non-Executive Director, effective July 1, 2025. This appointment enhances the board’s composition, potentially strengthening the company’s governance and strategic oversight, which could positively impact its market positioning and stakeholder confidence.

The most recent analyst rating on (SG:V03) stock is a Hold with a S$14.00 price target. To see the full list of analyst forecasts on Venture stock, see the SG:V03 Stock Forecast page.

Venture Corporation Holds 40th Annual General Meeting

Venture Corporation Limited held its 40th Annual General Meeting on April 24, 2025, in Singapore, attended by its board of directors, management team, and representatives from Deloitte & Touche LLP and Rajah & Tann Singapore LLP. The meeting was a significant event for the company, indicating its ongoing commitment to transparency and stakeholder engagement, and it provided an opportunity for shareholders to engage with the company’s leadership.

The most recent analyst rating on (SG:V03) stock is a Hold with a S$14.00 price target. To see the full list of analyst forecasts on Venture stock, see the SG:V03 Stock Forecast page.

Venture Corporation Updates Board and Committees

Venture Corporation Limited has announced changes to its Board of Directors and Board Committees following its Annual General Meeting on April 24, 2025. These adjustments reflect the company’s strategic focus on strengthening its governance structure, potentially enhancing its operational efficiency and market competitiveness.