VEECO INSTRUMENTS INC (VECO) Stock Fundamental Analysis
USA - NASDAQ:VECO - US9224171002 - Common Stock
28.54 USD
-0.64 (-2.19%)
28.54 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to VECO. VECO was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. VECO has an average financial health and profitability rating. VECO is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
VECO had positive earnings in the past year.
VECO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: VECO reported negative net income in multiple years.
VECO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VECO has a Return On Assets of 3.82%. This is in the better half of the industry: VECO outperforms 65.18% of its industry peers.
VECO has a Return On Equity of 5.62%. This is in the better half of the industry: VECO outperforms 63.39% of its industry peers.
VECO has a better Return On Invested Capital (4.79%) than 63.39% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VECO is below the industry average of 10.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.82% | ||
| ROE | 5.62% | ||
| ROIC | 4.79% |
ROA(3y)6.07%
ROA(5y)4.03%
ROE(3y)11.31%
ROE(5y)7.56%
ROIC(3y)6.04%
ROIC(5y)5.39%
1.3 Margins
Looking at the Profit Margin, with a value of 7.23%, VECO is in the better half of the industry, outperforming 63.39% of the companies in the same industry.
In the last couple of years the Profit Margin of VECO has grown nicely.
VECO has a better Operating Margin (10.14%) than 65.18% of its industry peers.
In the last couple of years the Operating Margin of VECO has grown nicely.
The Gross Margin of VECO (40.93%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of VECO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.14% | ||
| PM (TTM) | 7.23% | ||
| GM | 40.93% |
OM growth 3Y10.9%
OM growth 5YN/A
PM growth 3Y32.11%
PM growth 5YN/A
GM growth 3Y0.67%
GM growth 5Y2.35%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VECO is destroying value.
The number of shares outstanding for VECO has been increased compared to 1 year ago.
Compared to 5 years ago, VECO has more shares outstanding
VECO has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.40 indicates that VECO is not in any danger for bankruptcy at the moment.
VECO has a Altman-Z score (3.40) which is in line with its industry peers.
The Debt to FCF ratio of VECO is 4.12, which is a neutral value as it means it would take VECO, 4.12 years of fcf income to pay off all of its debts.
VECO has a Debt to FCF ratio (4.12) which is comparable to the rest of the industry.
VECO has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of VECO (0.26) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 4.12 | ||
| Altman-Z | 3.4 |
ROIC/WACC0.46
WACC10.32%
2.3 Liquidity
VECO has a Current Ratio of 5.36. This indicates that VECO is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of VECO (5.36) is better than 76.79% of its industry peers.
VECO has a Quick Ratio of 3.62. This indicates that VECO is financially healthy and has no problem in meeting its short term obligations.
VECO has a better Quick ratio (3.62) than 70.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.36 | ||
| Quick Ratio | 3.62 |
3. Growth
3.1 Past
The earnings per share for VECO have decreased strongly by -18.48% in the last year.
Measured over the past 5 years, VECO shows a small growth in Earnings Per Share. The EPS has been growing by 6.76% on average per year.
VECO shows a decrease in Revenue. In the last year, the revenue decreased by -3.90%.
VECO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.34% yearly.
EPS 1Y (TTM)-18.48%
EPS 3Y6.76%
EPS 5YN/A
EPS Q2Q%-21.74%
Revenue 1Y (TTM)-3.9%
Revenue growth 3Y7.14%
Revenue growth 5Y11.34%
Sales Q2Q%-10.24%
3.2 Future
The Earnings Per Share is expected to grow by 2.93% on average over the next years.
Based on estimates for the next years, VECO will show a small growth in Revenue. The Revenue will grow by 3.07% on average per year.
EPS Next Y-22.89%
EPS Next 2Y-6.22%
EPS Next 3Y2.93%
EPS Next 5YN/A
Revenue Next Year-7.52%
Revenue Next 2Y0.19%
Revenue Next 3Y3.07%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 19.03, which indicates a rather expensive current valuation of VECO.
85.71% of the companies in the same industry are more expensive than VECO, based on the Price/Earnings ratio.
VECO is valuated rather cheaply when we compare the Price/Earnings ratio to 25.56, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 18.65, the valuation of VECO can be described as rather expensive.
VECO's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VECO is cheaper than 79.46% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VECO to the average of the S&P500 Index (34.62), we can say VECO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.03 | ||
| Fwd PE | 18.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VECO indicates a somewhat cheap valuation: VECO is cheaper than 77.68% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VECO indicates a somewhat cheap valuation: VECO is cheaper than 77.68% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.31 | ||
| EV/EBITDA | 15.93 |
4.3 Compensation for Growth
The decent profitability rating of VECO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.22%
EPS Next 3Y2.93%
5. Dividend
5.1 Amount
No dividends for VECO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
28.54
-0.64 (-2.19%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners102.01%
Inst Owner Change5.63%
Ins Owners2.54%
Ins Owner Change-6.69%
Market Cap1.72B
Revenue(TTM)681.41M
Net Income(TTM)49.24M
Analysts78.18
Price Target29.99 (5.08%)
Short Float %7.18%
Short Ratio4.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)41.39%
Min EPS beat(2)26.13%
Max EPS beat(2)56.66%
EPS beat(4)3
Avg EPS beat(4)23.92%
Min EPS beat(4)-0.12%
Max EPS beat(4)56.66%
EPS beat(8)6
Avg EPS beat(8)14.81%
EPS beat(12)10
Avg EPS beat(12)19.97%
EPS beat(16)14
Avg EPS beat(16)17.82%
Revenue beat(2)2
Avg Revenue beat(2)4.52%
Min Revenue beat(2)1.33%
Max Revenue beat(2)7.7%
Revenue beat(4)3
Avg Revenue beat(4)2.09%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)7.7%
Revenue beat(8)6
Avg Revenue beat(8)0.96%
Revenue beat(12)9
Avg Revenue beat(12)0.97%
Revenue beat(16)9
Avg Revenue beat(16)0.5%
PT rev (1m)8.89%
PT rev (3m)8.32%
EPS NQ rev (1m)-3.34%
EPS NQ rev (3m)-3.61%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)9.58%
Revenue NQ rev (1m)0.33%
Revenue NQ rev (3m)-1.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.03 | ||
| Fwd PE | 18.65 | ||
| P/S | 2.52 | ||
| P/FCF | 31.31 | ||
| P/OCF | 23.54 | ||
| P/B | 1.96 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 15.93 |
EPS(TTM)1.5
EY5.26%
EPS(NY)1.53
Fwd EY5.36%
FCF(TTM)0.91
FCFY3.19%
OCF(TTM)1.21
OCFY4.25%
SpS11.33
BVpS14.56
TBVpS10.88
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.82% | ||
| ROE | 5.62% | ||
| ROCE | 6.07% | ||
| ROIC | 4.79% | ||
| ROICexc | 7.09% | ||
| ROICexgc | 9.96% | ||
| OM | 10.14% | ||
| PM (TTM) | 7.23% | ||
| GM | 40.93% | ||
| FCFM | 8.05% |
ROA(3y)6.07%
ROA(5y)4.03%
ROE(3y)11.31%
ROE(5y)7.56%
ROIC(3y)6.04%
ROIC(5y)5.39%
ROICexc(3y)8.95%
ROICexc(5y)8.09%
ROICexgc(3y)13.67%
ROICexgc(5y)13.37%
ROCE(3y)7.64%
ROCE(5y)6.82%
ROICexgc growth 3Y-2.66%
ROICexgc growth 5YN/A
ROICexc growth 3Y4.46%
ROICexc growth 5YN/A
OM growth 3Y10.9%
OM growth 5YN/A
PM growth 3Y32.11%
PM growth 5YN/A
GM growth 3Y0.67%
GM growth 5Y2.35%
F-Score5
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 4.12 | ||
| Debt/EBITDA | 2.51 | ||
| Cap/Depr | 86.14% | ||
| Cap/Sales | 2.66% | ||
| Interest Coverage | 7.86 | ||
| Cash Conversion | 80.97% | ||
| Profit Quality | 111.38% | ||
| Current Ratio | 5.36 | ||
| Quick Ratio | 3.62 | ||
| Altman-Z | 3.4 |
F-Score5
WACC10.32%
ROIC/WACC0.46
Cap/Depr(3y)93.34%
Cap/Depr(5y)91.54%
Cap/Sales(3y)3.51%
Cap/Sales(5y)3.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.48%
EPS 3Y6.76%
EPS 5YN/A
EPS Q2Q%-21.74%
EPS Next Y-22.89%
EPS Next 2Y-6.22%
EPS Next 3Y2.93%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.9%
Revenue growth 3Y7.14%
Revenue growth 5Y11.34%
Sales Q2Q%-10.24%
Revenue Next Year-7.52%
Revenue Next 2Y0.19%
Revenue Next 3Y3.07%
Revenue Next 5YN/A
EBIT growth 1Y-21.75%
EBIT growth 3Y18.82%
EBIT growth 5YN/A
EBIT Next Year-22.78%
EBIT Next 3Y4.45%
EBIT Next 5YN/A
FCF growth 1Y21.07%
FCF growth 3Y19.03%
FCF growth 5YN/A
OCF growth 1Y11.72%
OCF growth 3Y-1.95%
OCF growth 5YN/A
VEECO INSTRUMENTS INC / VECO FAQ
Can you provide the ChartMill fundamental rating for VEECO INSTRUMENTS INC?
ChartMill assigns a fundamental rating of 5 / 10 to VECO.
What is the valuation status for VECO stock?
ChartMill assigns a valuation rating of 5 / 10 to VEECO INSTRUMENTS INC (VECO). This can be considered as Fairly Valued.
What is the profitability of VECO stock?
VEECO INSTRUMENTS INC (VECO) has a profitability rating of 6 / 10.
What are the PE and PB ratios of VEECO INSTRUMENTS INC (VECO) stock?
The Price/Earnings (PE) ratio for VEECO INSTRUMENTS INC (VECO) is 19.03 and the Price/Book (PB) ratio is 1.96.
What is the expected EPS growth for VEECO INSTRUMENTS INC (VECO) stock?
The Earnings per Share (EPS) of VEECO INSTRUMENTS INC (VECO) is expected to decline by -22.89% in the next year.