VEEM LIMITED (VEE)
Share Price Analysis and Chart

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VEE

VEE - VEEM LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.48
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.00

07 Aug
2025

0.010

OPEN

$0.98

1.01%

HIGH

$1.00

25,749

LOW

$0.98

TARGET
$1.70 70.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BOL . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . EVS . FLC . IPG . LBL . MAD . PPK . RWL . SDV . SHA . SND . SSM . SYL . VNT . VYS .
FNARENA'S MARKET CONSENSUS FORECASTS
VEE: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 5.2 2.7 xxx
DPS (cps) xxx 1.5 0.9 xxx
EPS Growth xxx 70.0% - 47.6% xxx
DPS Growth xxx 69.2% - 44.8% xxx
PE Ratio xxx N/A 36.7 xxx
Dividend Yield xxx N/A 0.9% xxx
Div Pay Ratio(%) xxx 29.9% 31.5% xxx

Dividend yield today if purchased 3 years ago: 3.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.56

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/03 - ex-div 0.77c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx5.2
DPS All xxxxxxxxxxxxxxx1.5
Sales/Revenue xxxxxxxxxxxxxxx80.5 M
Book Value Per Share xxxxxxxxxxxxxxx38.5
Net Operating Cash Flow xxxxxxxxxxxxxxx8.4 M
Net Profit Margin xxxxxxxxxxxxxxx8.68 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx14.10 %
Return on Invested Capital xxxxxxxxxxxxxxx10.24 %
Return on Assets xxxxxxxxxxxxxxx7.53 %
Return on Equity xxxxxxxxxxxxxxx14.10 %
Return on Total Capital xxxxxxxxxxxxxxx12.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx5 M
Long Term Debt xxxxxxxxxxxxxxx17 M
Total Debt xxxxxxxxxxxxxxx22 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx0 M
Price To Book Value xxxxxxxxxxxxxxx4.54

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx3.2 M
Capex % of Sales xxxxxxxxxxxxxxx4.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx65 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx6 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

21/02/2025

1

Buy

$1.90

90.00%

Veem's 1H earnings (EBITDA) came in at the top end of management's guidance range, supporting Ord Minnett's forecast for double-digit earnings growth from FY26 onwards.

Earnings of $3.9m compared to the broker's $3.5m forecast. An unfranked dividend of $0.0023 was declared.

Management also announced a restructuring of the agreement with US-based Sharrow aimed at speeding up the rollout of the Sharrow by Veem in-board propellers. Material sales volumes are expected from this source from FY27 onwards.

The Buy rating and $1.90 target are maintained.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 1.00 cents and EPS of 3.20 cents.
Ord Minnett forecasts a full year FY26 dividend of 1.60 cents and EPS of 5.50 cents.
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EXTRA COVERAGE
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No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
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VEE STOCK CHART

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