VEECO INSTRUMENTS INC (VECO) Fundamental Analysis & Valuation

NASDAQ:VECO • US9224171002

Current stock price

30.95 USD
-0.51 (-1.62%)
At close:
30.95 USD
0 (0%)
After Hours:

This VECO fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. VECO Profitability Analysis

1.1 Basic Checks

  • In the past year VECO was profitable.
  • VECO had a positive operating cash flow in the past year.
  • Of the past 5 years VECO 4 years were profitable.
  • In the past 5 years VECO always reported a positive cash flow from operatings.
VECO Yearly Net Income VS EBIT VS OCF VS FCFVECO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M -300M -400M

1.2 Ratios

  • VECO has a Return On Assets (2.67%) which is comparable to the rest of the industry.
  • With a Return On Equity value of 4.00%, VECO perfoms like the industry average, outperforming 56.52% of the companies in the same industry.
  • VECO has a Return On Invested Capital of 3.49%. This is comparable to the rest of the industry: VECO outperforms 58.26% of its industry peers.
  • VECO had an Average Return On Invested Capital over the past 3 years of 5.96%. This is below the industry average of 10.52%.
Industry RankSector Rank
ROA 2.67%
ROE 4%
ROIC 3.49%
ROA(3y)2.03%
ROA(5y)4.75%
ROE(3y)3.01%
ROE(5y)8.77%
ROIC(3y)5.96%
ROIC(5y)6.26%
VECO Yearly ROA, ROE, ROICVECO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60 -80

1.3 Margins

  • VECO has a Profit Margin (5.33%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of VECO has declined.
  • Looking at the Operating Margin, with a value of 6.72%, VECO is in line with its industry, outperforming 59.13% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VECO has grown nicely.
  • With a Gross Margin value of 39.95%, VECO perfoms like the industry average, outperforming 43.48% of the companies in the same industry.
  • VECO's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 6.72%
PM (TTM) 5.33%
GM 39.95%
OM growth 3Y-10.39%
OM growth 5Y5%
PM growth 3Y-40.92%
PM growth 5YN/A
GM growth 3Y-0.63%
GM growth 5Y-1.36%
VECO Yearly Profit, Operating, Gross MarginsVECO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 -60

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6

2. VECO Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VECO is destroying value.
  • VECO has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for VECO has been increased compared to 5 years ago.
  • VECO has a better debt/assets ratio than last year.
VECO Yearly Shares OutstandingVECO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
VECO Yearly Total Debt VS Total AssetsVECO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 3.36 indicates that VECO is not in any danger for bankruptcy at the moment.
  • VECO's Altman-Z score of 3.36 is in line compared to the rest of the industry. VECO outperforms 45.22% of its industry peers.
  • VECO has a debt to FCF ratio of 4.24. This is a neutral value as VECO would need 4.24 years to pay back of all of its debts.
  • VECO has a Debt to FCF ratio of 4.24. This is comparable to the rest of the industry: VECO outperforms 60.00% of its industry peers.
  • VECO has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.26, VECO is in line with its industry, outperforming 43.48% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 4.24
Altman-Z 3.36
ROIC/WACC0.31
WACC11.23%
VECO Yearly LT Debt VS Equity VS FCFVECO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 4.75 indicates that VECO has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 4.75, VECO is doing good in the industry, outperforming 69.57% of the companies in the same industry.
  • A Quick Ratio of 3.20 indicates that VECO has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 3.20, VECO is doing good in the industry, outperforming 66.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.75
Quick Ratio 3.2
VECO Yearly Current Assets VS Current LiabilitesVECO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

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5

3. VECO Growth Analysis

3.1 Past

  • The earnings per share for VECO have decreased strongly by -23.56% in the last year.
  • VECO shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.37% yearly.
  • VECO shows a decrease in Revenue. In the last year, the revenue decreased by -7.39%.
  • Measured over the past years, VECO shows a small growth in Revenue. The Revenue has been growing by 7.90% on average per year.
EPS 1Y (TTM)-23.56%
EPS 3Y-5.18%
EPS 5Y9.37%
EPS Q2Q%-41.46%
Revenue 1Y (TTM)-7.39%
Revenue growth 3Y0.93%
Revenue growth 5Y7.9%
Sales Q2Q%-9.4%

3.2 Future

  • VECO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.49% yearly.
  • VECO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.42% yearly.
EPS Next Y28.25%
EPS Next 2Y28.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year15.99%
Revenue Next 2Y14.42%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
VECO Yearly Revenue VS EstimatesVECO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M
VECO Yearly EPS VS EstimatesVECO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1 1.5 2

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5

4. VECO Valuation Analysis

4.1 Price/Earnings Ratio

  • VECO is valuated rather expensively with a Price/Earnings ratio of 23.27.
  • Based on the Price/Earnings ratio, VECO is valued cheaper than 87.83% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of VECO to the average of the S&P500 Index (25.70), we can say VECO is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 18.15, VECO is valued on the expensive side.
  • VECO's Price/Forward Earnings ratio is rather cheap when compared to the industry. VECO is cheaper than 87.83% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of VECO to the average of the S&P500 Index (23.84), we can say VECO is valued slightly cheaper.
Industry RankSector Rank
PE 23.27
Fwd PE 18.15
VECO Price Earnings VS Forward Price EarningsVECO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VECO is valued a bit cheaper than the industry average as 73.91% of the companies are valued more expensively.
  • 78.26% of the companies in the same industry are more expensive than VECO, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 35.07
EV/EBITDA 23.34
VECO Per share dataVECO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • VECO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as VECO's earnings are expected to grow with 28.49% in the coming years.
PEG (NY)0.82
PEG (5Y)2.48
EPS Next 2Y28.49%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. VECO Dividend Analysis

5.1 Amount

  • No dividends for VECO!.
Industry RankSector Rank
Dividend Yield 0%

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VECO Fundamentals: All Metrics, Ratios and Statistics

VEECO INSTRUMENTS INC

NASDAQ:VECO (3/13/2026, 8:02:10 PM)

After market: 30.95 0 (0%)

30.95

-0.51 (-1.62%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners105.95%
Inst Owner Change-2.53%
Ins Owners2.24%
Ins Owner Change5.95%
Market Cap1.87B
Revenue(TTM)664.29M
Net Income(TTM)35.39M
Analysts78
Price Target32.64 (5.46%)
Short Float %7.88%
Short Ratio5.63
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1
Avg EPS beat(2)11.78%
Min EPS beat(2)-2.57%
Max EPS beat(2)26.13%
EPS beat(4)3
Avg EPS beat(4)23.31%
Min EPS beat(4)-2.57%
Max EPS beat(4)56.66%
EPS beat(8)5
Avg EPS beat(8)12.17%
EPS beat(12)9
Avg EPS beat(12)18.44%
EPS beat(16)13
Avg EPS beat(16)16.72%
Revenue beat(2)1
Avg Revenue beat(2)-0.34%
Min Revenue beat(2)-2.01%
Max Revenue beat(2)1.33%
Revenue beat(4)2
Avg Revenue beat(4)1.42%
Min Revenue beat(4)-2.01%
Max Revenue beat(4)7.7%
Revenue beat(8)5
Avg Revenue beat(8)0.63%
Revenue beat(12)9
Avg Revenue beat(12)1.34%
Revenue beat(16)9
Avg Revenue beat(16)0.42%
PT rev (1m)-2.44%
PT rev (3m)-2.44%
EPS NQ rev (1m)-37.42%
EPS NQ rev (3m)-34.35%
EPS NY rev (1m)5.62%
EPS NY rev (3m)6.43%
Revenue NQ rev (1m)-2.89%
Revenue NQ rev (3m)-2.14%
Revenue NY rev (1m)5.19%
Revenue NY rev (3m)5.54%
Valuation
Industry RankSector Rank
PE 23.27
Fwd PE 18.15
P/S 2.81
P/FCF 35.07
P/OCF 26.9
P/B 2.11
P/tB 2.81
EV/EBITDA 23.34
EPS(TTM)1.33
EY4.3%
EPS(NY)1.71
Fwd EY5.51%
FCF(TTM)0.88
FCFY2.85%
OCF(TTM)1.15
OCFY3.72%
SpS11
BVpS14.66
TBVpS11.01
PEG (NY)0.82
PEG (5Y)2.48
Graham Number20.95
Profitability
Industry RankSector Rank
ROA 2.67%
ROE 4%
ROCE 3.89%
ROIC 3.49%
ROICexc 5.29%
ROICexgc 7.47%
OM 6.72%
PM (TTM) 5.33%
GM 39.95%
FCFM 8.02%
ROA(3y)2.03%
ROA(5y)4.75%
ROE(3y)3.01%
ROE(5y)8.77%
ROIC(3y)5.96%
ROIC(5y)6.26%
ROICexc(3y)8.76%
ROICexc(5y)9.26%
ROICexgc(3y)13.05%
ROICexgc(5y)14.6%
ROCE(3y)6.63%
ROCE(5y)6.96%
ROICexgc growth 3Y-20.68%
ROICexgc growth 5Y-6.65%
ROICexc growth 3Y-17.84%
ROICexc growth 5Y1.26%
OM growth 3Y-10.39%
OM growth 5Y5%
PM growth 3Y-40.92%
PM growth 5YN/A
GM growth 3Y-0.63%
GM growth 5Y-1.36%
F-Score5
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 4.24
Debt/EBITDA 3.5
Cap/Depr 80.92%
Cap/Sales 2.44%
Interest Coverage 5.42
Cash Conversion 107.52%
Profit Quality 150.59%
Current Ratio 4.75
Quick Ratio 3.2
Altman-Z 3.36
F-Score5
WACC11.23%
ROIC/WACC0.31
Cap/Depr(3y)88.28%
Cap/Depr(5y)103.3%
Cap/Sales(3y)3.05%
Cap/Sales(5y)3.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.56%
EPS 3Y-5.18%
EPS 5Y9.37%
EPS Q2Q%-41.46%
EPS Next Y28.25%
EPS Next 2Y28.49%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.39%
Revenue growth 3Y0.93%
Revenue growth 5Y7.9%
Sales Q2Q%-9.4%
Revenue Next Year15.99%
Revenue Next 2Y14.42%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-53.09%
EBIT growth 3Y-9.55%
EBIT growth 5Y13.3%
EBIT Next Year40.64%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y16.61%
FCF growth 3Y-14.04%
FCF growth 5Y8.04%
OCF growth 1Y8.9%
OCF growth 3Y-13.8%
OCF growth 5Y10.08%

VEECO INSTRUMENTS INC / VECO Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for VEECO INSTRUMENTS INC?

ChartMill assigns a fundamental rating of 5 / 10 to VECO.


Can you provide the valuation status for VEECO INSTRUMENTS INC?

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 4 / 10.


Can you provide the PE and PB ratios for VECO stock?

The Price/Earnings (PE) ratio for VEECO INSTRUMENTS INC (VECO) is 23.27 and the Price/Book (PB) ratio is 2.11.


Can you provide the expected EPS growth for VECO stock?

The Earnings per Share (EPS) of VEECO INSTRUMENTS INC (VECO) is expected to grow by 28.25% in the next year.