VEEM LIMITED (VEE)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

VEE - VEEM LIMITED

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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.29

24 Dec
2024

0.010

OPEN

$1.26

0.78%

HIGH

$1.29

17,946

LOW

$1.24

TARGET
$1.80 39.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
3DA . ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGL . EGN . EVS . FLC . IPG . LBL . MAD . PPK . RWL . SDV . SHA . SND . SSM . VNT .
FNARENA'S MARKET CONSENSUS FORECASTS
VEE: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 5.2 3.0 xxx
DPS (cps) xxx 1.5 0.9 xxx
EPS Growth xxx 70.0% - 42.7% xxx
DPS Growth xxx 69.2% - 41.6% xxx
PE Ratio xxx N/A 43.7 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx 29.9% 30.5% xxx

Dividend yield today if purchased 3 years ago: 1.69%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.19

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: 05/09 - ex-div 0.51c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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

Ord Minnett

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

19/11/2024

1

Add

$1.70

31.78%

Veem's trading update and FY25 guidance at the AGM fell below Morgans' expectations due to weakness in gyrostabilisers and defence sales, partially offset by higher industrial product sales. FY25 earnings are "likely" to be below FY24 levels but above FY23.

Morgans highlights strong propeller sales, averaging around $2.5m per month or $30m annually. The Sharrow propeller rollout program is expected to continue, with the company focusing on specialised products for specific customers.

The broker lowers EBITDA forecasts by -23% and -29% for FY25–FY27 due to reduced 'gyros' and defence sales, coupled with softer margin expectations.

The target price is reduced to $1.70 from $2.25. No change to Add rating.

FORECAST
Morgans forecasts a full year FY25 dividend of 1.10 cents and EPS of 3.60 cents.
Morgans forecasts a full year FY26 dividend of 1.50 cents and EPS of 4.90 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

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
Access Extra Coverage Research History >

VEE STOCK CHART

FNArena News on VEE

1
FNArena Corporate Results Monitor – 26-08-2024

Aug 26 2024 - Australia
2
February Small Cap Winners & Losers

Feb 29 2024 - Small Caps
3
FNArena Corporate Results Monitor – 23-02-2024

Feb 23 2024 - Australia
4
Rudi’s View: Corporate Travel, Hansen, IPH, NextDC & Macquarie Technology

Feb 08 2024 - Rudi's View
5
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia

Latest Industrial Sector Contractors & Engineers News

1
Rising Margins Boost ALS’ Favourable Outlook

Nov 22 2024 - Australia
2
A Golden Era For Engineering Services?

Oct 30 2024 - Feature Stories
3
How the Tides Turn: Water Scarcity And Services In Australia

Oct 14 2024 - ESG Focus
4
Transitory Headwinds For ALS

Sep 30 2024 - Australia
5
Cleanaway’s Efforts Not Wasted

Sep 23 2024 - Australia
6
IPD Group’s Future Remains Electrifying

Sep 06 2024 - Small Caps
7
It’s Electric Under The Southern Cross

Jul 24 2024 - Small Caps
8
Ventia Services: Unique Mix Of Growth & Defence

Jul 09 2024 - Small Caps
9
In The Bin; ASX-Listed Waste Companies

Nov 02 2023 - Australia
10
Treasure Chest: ALS Has A Turn-Around Option

Sep 19 2023 - Treasure Chest