VEECO INSTRUMENTS INC (VECO)
US9224171002 - Common Stock
Overall VECO gets a fundamental rating of 5 out of 10. We evaluated VECO against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. VECO has an average financial health and profitability rating. VECO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year VECO was profitable.
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 4 of the past 5 years.
1.2 Ratios
VECO has a better Return On Assets (6.32%) than 69.44% of its industry peers.
The Return On Equity of VECO (10.77%) is better than 69.44% of its industry peers.
VECO has a Return On Invested Capital of 6.59%. This is in the better half of the industry: VECO outperforms 71.30% of its industry peers.
VECO had an Average Return On Invested Capital over the past 3 years of 5.78%. This is significantly below the industry average of 11.05%.
The 3 year average ROIC (5.78%) for VECO is below the current ROIC(6.59%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.32% | ||
| ROE | 10.77% | ||
| ROIC | 6.59% |
ROA(3y)5.07%
ROA(5y)0.93%
ROE(3y)10.1%
ROE(5y)1.45%
ROIC(3y)5.78%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of VECO (11.34%) is better than 66.67% of its industry peers.
With a decent Operating Margin value of 12.45%, VECO is doing good in the industry, outperforming 69.44% of the companies in the same industry.
VECO's Operating Margin has improved in the last couple of years.
VECO has a Gross Margin (43.53%) which 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 | 12.45% | ||
| PM (TTM) | 11.34% | ||
| GM | 43.53% |
OM growth 3Y26.53%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0%
GM growth 5Y3.66%
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
The debt/assets ratio for VECO has been reduced compared to a year ago.
2.2 Solvency
VECO has an Altman-Z score of 2.50. This is not the best score and indicates that VECO is in the grey zone with still only limited risk for bankruptcy at the moment.
VECO has a Altman-Z score (2.50) which is comparable to the rest of the industry.
VECO has a debt to FCF ratio of 6.69. This is a slightly negative value and a sign of low solvency as VECO would need 6.69 years to pay back of all of its debts.
With a Debt to FCF ratio value of 6.69, VECO perfoms like the industry average, outperforming 54.63% of the companies in the same industry.
VECO has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.33, VECO is doing worse than 62.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 6.69 | ||
| Altman-Z | 2.5 |
ROIC/WACC0.47
WACC14.06%
2.3 Liquidity
A Current Ratio of 3.54 indicates that VECO has no problem at all paying its short term obligations.
VECO has a Current ratio of 3.54. This is comparable to the rest of the industry: VECO outperforms 59.26% of its industry peers.
VECO has a Quick Ratio of 2.41. This indicates that VECO is financially healthy and has no problem in meeting its short term obligations.
With a Quick ratio value of 2.41, VECO perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.54 | ||
| Quick Ratio | 2.41 |
3. Growth
3.1 Past
VECO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.20%, which is quite good.
Measured over the past years, VECO shows a very strong growth in Earnings Per Share. The EPS has been growing by 41.47% on average per year.
VECO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.72%.
Measured over the past years, VECO shows a small growth in Revenue. The Revenue has been growing by 4.22% on average per year.
EPS 1Y (TTM)17.2%
EPS 3Y25.99%
EPS 5Y41.47%
EPS Q2Q%-13.21%
Revenue 1Y (TTM)9.72%
Revenue growth 3Y13.63%
Revenue growth 5Y4.22%
Sales Q2Q%4.2%
3.2 Future
The Earnings Per Share is expected to grow by 8.86% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.80% on average over the next years.
EPS Next Y4.64%
EPS Next 2Y7.77%
EPS Next 3Y8.86%
EPS Next 5YN/A
Revenue Next Year7.5%
Revenue Next 2Y5.75%
Revenue Next 3Y4.8%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 14.42 indicates a correct valuation of VECO.
Based on the Price/Earnings ratio, VECO is valued cheaper than 89.81% of the companies in the same industry.
VECO's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.96.
With a Price/Forward Earnings ratio of 13.44, VECO is valued correctly.
Based on the Price/Forward Earnings ratio, VECO is valued cheaper than 87.96% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VECO to the average of the S&P500 Index (23.82), we can say VECO is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 13.44 |
4.2 Price Multiples
VECO's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VECO is cheaper than 84.26% of the companies in the same industry.
VECO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. VECO is cheaper than 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.54 | ||
| EV/EBITDA | 11.46 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of VECO may justify a higher PE ratio.
PEG (NY)3.11
PEG (5Y)0.35
EPS Next 2Y7.77%
EPS Next 3Y8.86%
5. Dividend
5.1 Amount
No dividends for VECO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
VEECO INSTRUMENTS INC
NASDAQ:VECO (11/21/2024, 8:00:02 PM)
After market: 26.54 0 (0%)26.54
+0.39 (+1.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.51B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.42 | ||
| Fwd PE | 13.44 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.11
PEG (5Y)0.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.32% | ||
| ROE | 10.77% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.45% | ||
| PM (TTM) | 11.34% | ||
| GM | 43.53% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.54 | ||
| Quick Ratio | 2.41 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)17.2%
EPS 3Y25.99%
EPS 5Y
EPS Q2Q%
EPS Next Y4.64%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.72%
Revenue growth 3Y13.63%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y