VEECO INSTRUMENTS INC (VECO) Fundamental Analysis & Valuation

NASDAQ:VECO • US9224171002

Current stock price

42.66 USD
+1.94 (+4.76%)
At close:
42.68 USD
+0.02 (+0.05%)
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.
  • Each year in the past 5 years VECO had a positive operating cash flow.
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 in line with its industry peers.
  • VECO has a Return On Equity (4.00%) which is in line with its industry peers.
  • VECO has a Return On Invested Capital (3.49%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for VECO is below the industry average of 10.70%.
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 comparable to the rest of the industry.
  • VECO's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 6.72%, VECO perfoms like the industry average, outperforming 59.13% of the companies in the same industry.
  • VECO's Operating Margin has improved in the last couple of years.
  • VECO has a Gross Margin of 39.95%. This is comparable to the rest of the industry: VECO outperforms 43.48% of its industry peers.
  • In the last couple of years the Gross Margin of VECO has remained more or less at the same level.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VECO is destroying value.
  • Compared to 1 year ago, VECO has more shares outstanding
  • Compared to 5 years ago, VECO has more shares outstanding
  • Compared to 1 year ago, VECO has an improved debt to assets ratio.
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

  • VECO has an Altman-Z score of 4.12. This indicates that VECO is financially healthy and has little risk of bankruptcy at the moment.
  • VECO's Altman-Z score of 4.12 is in line compared to the rest of the industry. VECO outperforms 47.83% 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.
  • With a Debt to FCF ratio value of 4.24, VECO perfoms like the industry average, outperforming 58.26% of the companies in the same 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 RankSector Rank
Debt/Equity 0.26
Debt/FCF 4.24
Altman-Z 4.12
ROIC/WACC0.3
WACC11.5%
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

  • VECO has a Current Ratio of 4.75. This indicates that VECO is financially healthy and has no problem in meeting its short term obligations.
  • VECO has a better Current ratio (4.75) than 69.57% of its industry peers.
  • A Quick Ratio of 3.20 indicates that VECO has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 3.20, VECO is in the better half of the industry, outperforming 65.22% 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

  • VECO shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.56%.
  • The Earnings Per Share has been growing by 9.37% on average over the past years. This is quite good.
  • The Revenue has decreased by -7.39% in the past year.
  • 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

  • The Earnings Per Share is expected to grow by 26.73% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, VECO will show a quite strong growth in Revenue. The Revenue will grow by 13.23% on average per year.
EPS Next Y26.68%
EPS Next 2Y26.73%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.07%
Revenue Next 2Y13.23%
Revenue Next 3YN/A
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 accelerating.
  • 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

  • Based on the Price/Earnings ratio of 32.08, the valuation of VECO can be described as expensive.
  • Based on the Price/Earnings ratio, VECO is valued cheaply inside the industry as 86.09% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of VECO to the average of the S&P500 Index (27.38), we can say VECO is valued inline with the index average.
  • A Price/Forward Earnings ratio of 25.32 indicates a quite expensive valuation of VECO.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of VECO indicates a rather cheap valuation: VECO is cheaper than 81.74% of the companies listed in the same industry.
  • VECO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 38.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 32.08
Fwd PE 25.32
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

  • 73.04% of the companies in the same industry are more expensive than VECO, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, VECO is valued a bit cheaper than 74.78% of the companies in the same industry.
Industry RankSector Rank
P/FCF 48.34
EV/EBITDA 32
VECO Per share dataVECO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • VECO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • VECO's earnings are expected to grow with 26.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.2
PEG (5Y)3.42
EPS Next 2Y26.73%
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%

More info and screens

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VECO Fundamentals: All Metrics, Ratios and Statistics

VEECO INSTRUMENTS INC

NASDAQ:VECO (4/15/2026, 8:24:54 PM)

After market: 42.68 +0.02 (+0.05%)

42.66

+1.94 (+4.76%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners105.28%
Inst Owner Change-0.02%
Ins Owners2.99%
Ins Owner Change14.83%
Market Cap2.58B
Revenue(TTM)664.29M
Net Income(TTM)35.39M
Analysts78
Price Target33.15 (-22.29%)
Short Float %9.99%
Short Ratio5.2
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)1.56%
PT rev (3m)-0.91%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-25.26%
EPS NY rev (1m)-1.22%
EPS NY rev (3m)4.48%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-1.65%
Revenue NY rev (1m)-1.66%
Revenue NY rev (3m)4.06%
Valuation
Industry RankSector Rank
PE 32.08
Fwd PE 25.32
P/S 3.88
P/FCF 48.34
P/OCF 37.07
P/B 2.91
P/tB 3.87
EV/EBITDA 32
EPS(TTM)1.33
EY3.12%
EPS(NY)1.68
Fwd EY3.95%
FCF(TTM)0.88
FCFY2.07%
OCF(TTM)1.15
OCFY2.7%
SpS11
BVpS14.66
TBVpS11.01
PEG (NY)1.2
PEG (5Y)3.42
Graham Number20.9474 (-50.9%)
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 4.12
F-Score5
WACC11.5%
ROIC/WACC0.3
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 Y26.68%
EPS Next 2Y26.73%
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 Year14.07%
Revenue Next 2Y13.23%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-53.09%
EBIT growth 3Y-9.55%
EBIT growth 5Y13.3%
EBIT Next Year37.15%
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.


How profitable is VEECO INSTRUMENTS INC (VECO) stock?

VEECO INSTRUMENTS INC (VECO) has a profitability rating of 4 / 10.


What is the valuation of VEECO INSTRUMENTS INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for VEECO INSTRUMENTS INC (VECO) is 32.08 and the Price/Book (PB) ratio is 2.91.