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VEE · ASX

Veem Ltd (ASX:VEE)

AU$1.86

 0.005 (0.27%)
ASX:Live
17/05/2024 04:10:34 PM
HALO Ords HALO Dividend Growth GROWTH AUS All-Consensus All-Companies
Consensus Score
/10
Recommend
Target Price
Deviation
Unlock Full Consensus Insights

VEE Overview

VEE Health Scores

Short Term

Mean Revision

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Strong

GARP

Strong

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Weak

Earnings

Very Strong

Growth

Earnings

Strong

Dividends

Very Weak

Quality

Capital Efficiency

Weak

Balance Sheet

Strong

About VEE

Website

Veem Ltd

Telephone

Address

Description

Veem Ltd. engages in the provision of stabilization systems and propulsion products and services to marine, defence and mining industries. It operates through the following business units: Veem Propellers, Veem Gyro, Timcast Hollowbar, Veem 24/7, Conquest Propeller, and Timcast Hollowbar. The company was founded by Voyka Miocevich and Elizabeth Elsie Miocevich in 1968 and is headquartered in Canning Vale, Australia.

VEE Price Chart

Key Stats

Market Cap

AU$251.85M

PE

20.50

EV/EBITDA

7.9

Dividends Overview

DIV Yield

1.4%

Franking

N/A

Ex Dividend Date (est.)

N/A

Market Data

52 weeks range

Low 0.38 - 2.02

Trade Value (12mth)

AU$32,711.00

1 week

-0.53%

1 month

6.29%

YTD

69.09%

1 year

317.98%

All time high

2.0199999809265137

Key Fundamentals

EPS 3 yr Growth

59.500%

EBITDA Margin

15.50%

Operating Cashflow

$6m

Free Cash Flow Return

9.50%

ROIC

6.40%

Interest Coverage

8.80

Quick Ratio

0.80

Other Data

Shares on Issue (Fully Dilluted)

136m

HALO Sector

Next Company Report Date

21-Aug-24

Ex Dividend Date (est.)

N/A

Next Dividend Pay Date (est.)

N/A

Reporting Currency

AUD

Short Sell (% of issue)

0.00

VEE Announcements

Latest Announcements

Date Announcements

13 May 24

Change in substantial holding

×

Change in substantial holding

03 May 24

Change in substantial holding

×

Change in substantial holding

01 May 24

Application for quotation of securities - VEE

×

Application for quotation of securities - VEE

29 April 24

Acceptance of Sharrow Propeller Performance Results

×

Acceptance of Sharrow Propeller Performance Results

27 March 24

Presentation - ASX Small & Mid-Cap Conference

×

Presentation - ASX Small & Mid-Cap Conference

27 February 24

Change in substantial holding

×

Change in substantial holding

22 February 24

Appendix 4D and Half Year Financial Statements

×

Appendix 4D and Half Year Financial Statements

22 February 24

Half Year Results Presentation - Strong Profit Growth

×

Half Year Results Presentation - Strong Profit Growth

22 February 24

VEEM Reports Strong Profit Growth for 1HFY24

×

VEEM Reports Strong Profit Growth for 1HFY24

22 February 24

Dividend/Distribution - VEE

×

Dividend/Distribution - VEE

15 February 24

Notification of Results Reporting Date & Webinar

×

Notification of Results Reporting Date & Webinar

01 February 24

Change in substantial holding

×

Change in substantial holding

11 December 23

Issue of Incentive Performance Rights

×

Issue of Incentive Performance Rights

11 December 23

Notification regarding unquoted securities - VEE

×

Notification regarding unquoted securities - VEE

30 November 23

Change in substantial holding

×

Change in substantial holding

22 November 23

Managing Director's AGM Presentation and Trading Update

×

Managing Director's AGM Presentation and Trading Update

22 November 23

Results of AGM

×

Results of AGM

17 November 23

Strategic Marine Accelerates VEEM Gyro Orders

×

Strategic Marine Accelerates VEEM Gyro Orders

20 October 23

Notice of Annual General Meeting/Proxy Form

×

Notice of Annual General Meeting/Proxy Form

20 October 23

Annual Report to shareholders

×

Annual Report to shareholders

20 October 23

Corporate Governance Statement and Appendix 4G

×

Corporate Governance Statement and Appendix 4G

10 October 23

Ceasing to be a substantial holder

×

Ceasing to be a substantial holder

06 October 23

Presentation on Sharrow Agreement - Hidden Gems Webinar

×

Presentation on Sharrow Agreement - Hidden Gems Webinar

05 October 23

VEEM to Present at ShareCafe Hidden Gems Webinar

×

VEEM to Present at ShareCafe Hidden Gems Webinar

03 October 23

AGM and Tour Date and Closing Date for Director Nominations

×

AGM and Tour Date and Closing Date for Director Nominations

VEE Fundamentals

Per Share Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.04 0.01 0.03 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.04 0.01 0.03 Lock Lock Lock
     Growth % Lock Lock Lock Lock 98.9 -75.4 225.8 Lock Lock Lock
     PE X Lock Lock Lock Lock 51.2 59.1 20.5 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 15.1 12.9 7.9 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.08 0.04 0.06 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock 0.04 -0.00 0.03 Lock Lock Lock
     Growth % Lock Lock Lock Lock 65.7 -50.6 63.9 Lock Lock Lock
     Yield % Lock Lock Lock Lock 2.7 -0.1 6.5 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.01 0.00 0.01 Lock Lock Lock
     Growth % Lock Lock Lock Lock 104.2 -68.2 225.0 Lock Lock Lock
     Yield % Lock Lock Lock Lock 0.5 0.5 1.4 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 23 30 30 Lock Lock Lock
BPS $ Lock Lock Lock Lock 0.28 0.32 0.34 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 0.16 0.19 0.19 Lock Lock Lock
     Growth % Lock Lock Lock Lock 8.7 17.0 1.0 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 130 136 136 Lock Lock Lock
Basic m Lock Lock Lock Lock 130 136 136 Lock Lock Lock

Financial Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Income Statement
Sales $m Lock Lock Lock Lock 59 54 60 Lock Lock Lock
     Growth % Lock Lock Lock Lock 34.0 -8.8 9.8 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 5 5 5 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 10 7 10 Lock Lock Lock
     Growth % Lock Lock Lock Lock 42.5 -34.0 56.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 16.7 12.1 17.2 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 83 88 83 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 9 6 9 Lock Lock Lock
     Growth % Lock Lock Lock Lock 49.4 -33.9 54.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 15.2 11.0 15.5 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 4 4 4 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 5 2 5 Lock Lock Lock
     Growth % Lock Lock Lock Lock 103.7 -63.9 164.7 Lock Lock Lock
     Margin % Lock Lock Lock Lock 9.1 3.6 8.7 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 6 1 5 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 1 0 1 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 5 1 4 Lock Lock Lock
     Growth % Lock Lock Lock Lock 98.8 -74.2 224.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 8.3 2.3 6.9 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 6 3 6 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 4 5 5 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -4 -5 -5 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -4 3 -1 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 6 1 4 Lock Lock Lock
     Growth % Lock Lock Lock Lock 28.1 -89.0 610.8 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.1 0.0 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock N/A N/A 0 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 2 3 2 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 70 81 92 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 17 19 20 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 18 19 24 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 34 37 45 Lock Lock Lock
Equity $m Lock Lock Lock Lock 37 44 47 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 54 62 67 Lock Lock Lock
     Growth % Lock Lock Lock Lock 2.7 15.8 6.9 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 7.0 1.6 4.5 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 13.4 2.9 8.8 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 9.6 3.2 7.5 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 9.2 2.2 6.4 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 11.8 4.3 9.5 Lock Lock Lock

Ratios Records

Historical data

Forecasted data

AUD 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Leverage
Interest Cover X Lock Lock Lock Lock 11.6 8.4 8.8 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 2.0 3.2 2.6 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 48.6 43.7 50.7 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 2.3 2.5 2.1 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 1.1 1.1 0.8 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 7.9 8.2 6.9 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 51.9 19.6 36.5 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 5.7 5.2 5.7 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 4.1 2.8 2.5 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 3.7 2.8 3.3 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 7.3 8.1 8.2 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.8 0.7 0.7 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.8 0.7 0.7 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 9.9 2.6 8.2 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 8.4 1.7 5.3 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 16.9 9.6 15.8 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 7.0 1.6 4.5 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 1.9 1.9 2.0 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 13.4 2.9 8.8 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 76.7 69.9 70.0 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 10.3 2.0 6.1 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 88.3 128.4 148.5 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 64.4 70.2 63.8 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 152.7 198.6 212.4 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 24.2 31.4 32.2 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 128.5 167.2 180.2 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

N/A

DIV Yield

1.4%

Franking Level

N/A

DPSg

225.00%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

0.00%

Value ($M)

0

Prior Change

N/A

7 Day Change

N/A

1 Month Change

N/A

3 Month Change

N/A

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VEE Shortsell

Frequently Asked Questions

The current share price of Veem Ltd (VEE:ASX) is AU$1.86.
The 52-week high share price for Veem Ltd (VEE:ASX) is AU$2.02.
The 52-week low share price for Veem Ltd (VEE:ASX)? is AU$0.38.
The current TTM dividend payout for Veem Ltd (VEE:ASX) is 1.40.
The last dividend payment of Veem Ltd (VEE:ASX) is AU$0.01.
Veem Ltd (VEE:ASX) has a franking level of 0.0%.
Veem Ltd (VEE:ASX) is classified in the Industrials.
The current P/E ratio for Veem Ltd (VEE:ASX) is 20.50.