VEECO INSTRUMENTS INC (VECO) Stock Fundamental Analysis
USA - NASDAQ:VECO - US9224171002 - Common Stock
29.29 USD
+0.22 (+0.76%)
Overall VECO gets a fundamental rating of 5 out of 10. We evaluated VECO against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of VECO get a neutral evaluation. Nothing too spectacular is happening here. VECO has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year VECO was profitable.
In the past year VECO had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: VECO reported negative net income in multiple years.
Each year in the past 5 years VECO had a positive operating cash flow.
1.2 Ratios
VECO has a Return On Assets of 4.75%. This is in the better half of the industry: VECO outperforms 69.64% of its industry peers.
VECO's Return On Equity of 7.08% is fine compared to the rest of the industry. VECO outperforms 66.07% of its industry peers.
The Return On Invested Capital of VECO (5.85%) is better than 68.75% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VECO is below the industry average of 10.94%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 7.08% | ||
| ROIC | 5.85% |
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
VECO has a better Profit Margin (8.65%) than 66.96% of its industry peers.
In the last couple of years the Profit Margin of VECO has grown nicely.
The Operating Margin of VECO (11.83%) is better than 69.64% of its industry peers.
In the last couple of years the Operating Margin of VECO has grown nicely.
VECO has a Gross Margin of 41.46%. This is comparable to the rest of the industry: VECO outperforms 41.96% of its industry peers.
In the last couple of years the Gross Margin of VECO has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.83% | ||
| PM (TTM) | 8.65% | ||
| GM | 41.46% |
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
VECO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for VECO has been increased compared to 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.
2.2 Solvency
VECO has an Altman-Z score of 3.39. This indicates that VECO is financially healthy and has little risk of bankruptcy at the moment.
VECO has a Altman-Z score of 3.39. This is comparable to the rest of the industry: VECO outperforms 48.21% of its industry peers.
VECO has a debt to FCF ratio of 4.06. This is a neutral value as VECO would need 4.06 years to pay back of all of its debts.
VECO has a Debt to FCF ratio (4.06) 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.
VECO has a Debt to Equity ratio of 0.26. This is comparable to the rest of the industry: VECO outperforms 41.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 4.06 | ||
| Altman-Z | 3.39 |
ROIC/WACC0.52
WACC11.16%
2.3 Liquidity
A Current Ratio of 5.10 indicates that VECO has no problem at all paying its short term obligations.
VECO's Current ratio of 5.10 is fine compared to the rest of the industry. VECO outperforms 74.11% of its industry peers.
VECO has a Quick Ratio of 3.43. This indicates that VECO is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.43, VECO is in the better half of the industry, outperforming 65.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.1 | ||
| Quick Ratio | 3.43 |
3. Growth
3.1 Past
VECO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.23%.
The Earnings Per Share has been growing slightly by 6.76% on average over the past years.
The Revenue has decreased by -0.19% in the past year.
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)-16.23%
EPS 3Y6.76%
EPS 5YN/A
EPS Q2Q%-14.29%
Revenue 1Y (TTM)-0.19%
Revenue growth 3Y7.14%
Revenue growth 5Y11.34%
Sales Q2Q%-5.56%
3.2 Future
The Earnings Per Share is expected to grow by 3.57% on average over the next years.
VECO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.07% yearly.
EPS Next Y-22.86%
EPS Next 2Y-5.78%
EPS Next 3Y3.57%
EPS Next 5YN/A
Revenue Next Year-7.52%
Revenue Next 2Y0.19%
Revenue Next 3Y3.07%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 18.31, the valuation of VECO can be described as rather expensive.
VECO's Price/Earnings ratio is rather cheap when compared to the industry. VECO is cheaper than 89.29% of the companies in the same industry.
VECO's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.53.
VECO is valuated rather expensively with a Price/Forward Earnings ratio of 18.96.
Based on the Price/Forward Earnings ratio, VECO is valued cheaply inside the industry as 83.93% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.04. VECO is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.31 | ||
| Fwd PE | 18.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VECO is valued cheaply inside the industry as 83.04% of the companies are valued more expensively.
VECO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VECO is cheaper than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.74 | ||
| EV/EBITDA | 13.83 |
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-5.78%
EPS Next 3Y3.57%
5. Dividend
5.1 Amount
No dividends for VECO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:VECO (10/16/2025, 11:26:07 AM)
29.29
+0.22 (+0.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners102.01%
Inst Owner Change-0.08%
Ins Owners2.54%
Ins Owner Change-1.35%
Market Cap1.76B
Analysts81.54
Price Target27.54 (-5.97%)
Short Float %6.65%
Short Ratio4.36
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)34.83%
Min EPS beat(2)13%
Max EPS beat(2)56.66%
EPS beat(4)3
Avg EPS beat(4)17.43%
Min EPS beat(4)-0.12%
Max EPS beat(4)56.66%
EPS beat(8)6
Avg EPS beat(8)16.81%
EPS beat(12)10
Avg EPS beat(12)18.43%
EPS beat(16)14
Avg EPS beat(16)16.97%
Revenue beat(2)1
Avg Revenue beat(2)3.18%
Min Revenue beat(2)-1.34%
Max Revenue beat(2)7.7%
Revenue beat(4)3
Avg Revenue beat(4)1.85%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)7.7%
Revenue beat(8)6
Avg Revenue beat(8)1.24%
Revenue beat(12)8
Avg Revenue beat(12)0.74%
Revenue beat(16)9
Avg Revenue beat(16)0.45%
PT rev (1m)0%
PT rev (3m)-0.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.67%
EPS NY rev (1m)0%
EPS NY rev (3m)9.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.35%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.31 | ||
| Fwd PE | 18.96 | ||
| P/S | 2.52 | ||
| P/FCF | 31.74 | ||
| P/OCF | 23.48 | ||
| P/B | 2.06 | ||
| P/tB | 2.78 | ||
| EV/EBITDA | 13.83 |
EPS(TTM)1.6
EY5.46%
EPS(NY)1.54
Fwd EY5.27%
FCF(TTM)0.92
FCFY3.15%
OCF(TTM)1.25
OCFY4.26%
SpS11.64
BVpS14.23
TBVpS10.54
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.75% | ||
| ROE | 7.08% | ||
| ROCE | 7.4% | ||
| ROIC | 5.85% | ||
| ROICexc | 8.56% | ||
| ROICexgc | 12.07% | ||
| OM | 11.83% | ||
| PM (TTM) | 8.65% | ||
| GM | 41.46% | ||
| FCFM | 7.93% |
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%
ROICexcg growth 3Y-2.66%
ROICexcg 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 Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 4.06 | ||
| Debt/EBITDA | 2.14 | ||
| Cap/Depr | 87.65% | ||
| Cap/Sales | 2.79% | ||
| Interest Coverage | 8.77 | ||
| Cash Conversion | 71.37% | ||
| Profit Quality | 91.61% | ||
| Current Ratio | 5.1 | ||
| Quick Ratio | 3.43 | ||
| Altman-Z | 3.39 |
F-Score5
WACC11.16%
ROIC/WACC0.52
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)-16.23%
EPS 3Y6.76%
EPS 5YN/A
EPS Q2Q%-14.29%
EPS Next Y-22.86%
EPS Next 2Y-5.78%
EPS Next 3Y3.57%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.19%
Revenue growth 3Y7.14%
Revenue growth 5Y11.34%
Sales Q2Q%-5.56%
Revenue Next Year-7.52%
Revenue Next 2Y0.19%
Revenue Next 3Y3.07%
Revenue Next 5YN/A
EBIT growth 1Y-4.04%
EBIT growth 3Y18.82%
EBIT growth 5YN/A
EBIT Next Year-22.78%
EBIT Next 3Y4.45%
EBIT Next 5YN/A
FCF growth 1Y-35%
FCF growth 3Y19.03%
FCF growth 5YN/A
OCF growth 1Y-28.81%
OCF growth 3Y-1.95%
OCF growth 5YN/A