VEEM LIMITED (VEE)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

VEE - VEEM LIMITED

Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 2.83
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.86

28 May
2024

-0.020

OPEN

$1.88

-1.06%

HIGH

$1.88

93,250

LOW

$1.83

TARGET
$2.25 21.0% upside
Franking for last dividend paid out: 0%
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ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGN . EVS . FLC . IPG . LBL . MAD . PPK . SDV . SHA . SND . SSM .
FNARENA'S MARKET CONSENSUS FORECASTS
VEE: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 3.0 4.8 xxx
DPS (cps) xxx 0.9 1.4 xxx
EPS Growth xxx 100.0% 58.4% xxx
DPS Growth xxx 100.0% 53.8% xxx
PE Ratio xxx N/A 38.5 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx 30.0% 29.2% xxx

Dividend yield today if purchased 3 years ago: 0.69%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.49

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx0.9
Sales/Revenue xxxxxxxxxxxxxxx59.5 M
Book Value Per Share xxxxxxxxxxxxxxx34.5
Net Operating Cash Flow xxxxxxxxxxxxxxx6.1 M
Net Profit Margin xxxxxxxxxxxxxxx6.91 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.10 %
Return on Invested Capital xxxxxxxxxxxxxxx6.37 %
Return on Assets xxxxxxxxxxxxxxx4.77 %
Return on Equity xxxxxxxxxxxxxxx9.10 %
Return on Total Capital xxxxxxxxxxxxxxx7.45 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx3.5 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx20 M
Total Debt xxxxxxxxxxxxxxx26 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2 M
Price To Book Value xxxxxxxxxxxxxxx1.16

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx5.2 M
Capex % of Sales xxxxxxxxxxxxxxx8.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx49 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx5 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

01/05/2024

1

Add

$2.25

20.97%

After months of collaborative design work and testing, Veem has formally accepted the Sharrow propeller design for inboard vessels.

Compared to standard propellers, these propellers were able to show a dramatic reduction in noise and vibration, better fuel efficiency, improved handling, and excellent reverse thrust, Morgans notes.

The total addressable market for inboard propellers is estimated at US$2.6bn, of which US$338m pa is new builds. The broker believes the next phase of commercialisation of ‘Sharrow by Veem’ propellers will deliver a strong uplift in Veem’s earnings growth potential over the long term.

Target rises to $2.25 from $1.50, Add retained.

FORECAST
Morgans forecasts a full year FY24 dividend of 1.40 cents and EPS of 4.80 cents.
Morgans forecasts a full year FY25 dividend of 1.70 cents and EPS of 5.70 cents.

VEE STOCK CHART