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: 5.14
Index:

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.545

27 Aug
2026

-0.025

OPEN

$0.53

-4.39%

HIGH

$0.56

78,432

LOW

$0.53

TARGET
$0.85 56.0% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
VEE: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 12.4 1.1 xxx
DPS (cps) xxx 0.0 0.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 53.3 xxx
Dividend Yield xxx N/A 0.5% xxx
Div Pay Ratio(%) xxx N/A 28.6% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 06/03 - ex-div 0.23c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-12.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx51.5 M
Book Value Per Share xxxxxxxxxxxxxxx33.8
Net Operating Cash Flow xxxxxxxxxxxxxxx4.8 M
Net Profit Margin xxxxxxxxxxxxxxx-34.60 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-34.27 %
Return on Invested Capital xxxxxxxxxxxxxxx-27.27 %
Return on Assets xxxxxxxxxxxxxxx-19.82 %
Return on Equity xxxxxxxxxxxxxxx-34.27 %
Return on Total Capital xxxxxxxxxxxxxxx-1.49 %
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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx12 M
Total Debt xxxxxxxxxxxxxxx17 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx1.39

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx1.8 M
Capex % of Sales xxxxxxxxxxxxxxx3.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx46 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7 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

0.8

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

10/06/2026

1

Speculative Buy

$0.85

55.96%

Management at Veem has reported improved trading in 2H26, driven by higher Defence revenue from fulfilling Australian Submarine Corporation (ASC) orders and a recovery in propulsion sales.

FY26 revenue guidance of $50m-$52m was slightly below Morgans' expectations, but earnings (EBITDA) guidance of $3.25m-$3.75m materially exceeded forecasts due to improved operational efficiencies.

Commentary observes Veem has completed a 1,000sqm factory expansion and commissioned a government-supported 3D printer to support future growth across defence, propulsion and engineering.

Morgans lifts its FY26 earnings forecast by 140% to $3.6m and increases its target to $0.85 from $0.80. Morgans maintains a Speculative Buy rating.

FORECAST
Morgans forecasts a full year FY27 dividend of 0.20 cents and EPS of 0.80 cents.
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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
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VEE STOCK CHART

FNArena News on VEE

1
FNArena Corporate Results Monitor – 28-08-2026

Aug 28 2026 - Australia
2
Weekly Ratings, Targets, Forecast Changes – 27-03-26

Mar 30 2026 - Weekly Reports
3
Fortress Australia: Identifying The ‘Real’ Beneficiaries Of The $330bn Defence Pipeline

Mar 23 2026 - Small Caps
4
FNArena Corporate Results Monitor – 27-02-2026

Feb 27 2026 - Australia
5
Australian Broker Call *Extra* Edition – Dec 08, 2025

Dec 08 2025 - Daily Market Reports

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