Compounding Value through Disciplined Capital Allocation.
FOR
INVESTORS
VALTERAS offers investors exposure to a diversified portfolio of high-quality, cash-generative Malaysian SMEs, supercharged by a disciplined M&A engine.
The "Math" of the Model:
- Multiple Arbitrage: We acquire private companies at attractive private-market valuations. By aggregating these into a diversified, resilient group, we unlock shareholder value through the "conglomerate premium" of stability and scale.
- The Reinvestment Runway: A single mature SME often generates more cash than it can reinvest at high rates of return. Valteras solves this "reinvestment risk" by sweeping that cash and deploying it into new high-return acquisitions. This allows us to compound capital at rates significantly higher than the underlying organic growth of the economy.
- Risk Mitigation: By diversifying across sectors (Industry, Infrastructure, Services) and end-markets, we decouple our performance from the volatility of any single industry.
Financial Targets
- EBITA Growth: >15% per annum (Organic + Acquired).
- Return on Working Capital (P/WC): >45% (Focus on capital efficiency, a la Addtech ).
- Dividend Policy: Balanced approach to prioritize reinvestment for growth.
Our Advantage
Traditional conglomerates often fail because of bloated overhead and bad capital allocation. Valteras avoids this through:
- Strict Hurdle Rates: We only deploy capital where the Return on Capital Employed (ROCE) meets our high targets.
- Risk Spreading: By owning niche businesses across unconnected sectors (Industrial, Trade, Infrastructure), we are resilient to industry-specific downturns. When one sector slows, another accelerates.
We are a conglomerate of independent winners. We believe 10 speedboats are faster and safer than one giant Titanic.