VEEM LIMITED (VEE)
Share Price Analysis and Chart

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VEE - VEEM LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 2.83
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.865

30 Nov
2023

-0.005

OPEN

$0.89

-0.57%

HIGH

$0.90

22,285

LOW

$0.87

TARGET
$1.00 15.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . AVD . BSA . CG1 . CLG . CVL . CWY . CXL . DOW . DUR . EGN . EVS . FLC . IPG . LBL . MAD . PPK . SDV . SHA . SND . SSM .
FNARENA'S MARKET CONSENSUS FORECASTS
VEE: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 3.0 3.4 xxx
DPS (cps) xxx 0.9 1.0 xxx
EPS Growth xxx 100.0% 12.2% xxx
DPS Growth xxx 100.0% 9.9% xxx
PE Ratio xxx N/A 25.9 xxx
Dividend Yield xxx N/A 1.1% xxx
Div Pay Ratio(%) xxx 30.0% 29.4% xxx

Dividend yield today if purchased 3 years ago: 1.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.03

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/09 - ex-div 0.51c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx0.9
Sales/Revenue xxxxxxxxxxxxxxx59.5 M
Book Value Per Share xxxxxxxxxxxxxxx34.5
Net Operating Cash Flow xxxxxxxxxxxxxxx6.1 M
Net Profit Margin xxxxxxxxxxxxxxx6.91 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.10 %
Return on Invested Capital xxxxxxxxxxxxxxx6.37 %
Return on Assets xxxxxxxxxxxxxxx4.77 %
Return on Equity xxxxxxxxxxxxxxx9.10 %
Return on Total Capital xxxxxxxxxxxxxxx7.45 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx3.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx20 M
Total Debt xxxxxxxxxxxxxxx26 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2 M
Price To Book Value xxxxxxxxxxxxxxx1.16

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx5.2 M
Capex % of Sales xxxxxxxxxxxxxxx8.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx49 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx5 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

27/11/2023

1

Add

$1.00

15.61%

First half earnings and profit guidance provided as part of Veem's AGM trading update was well above Morgans expectations, despite the inclusion of one-off costs related to the Sharrow Engineering (propellers) project.

Management noted trading for the first four months of FY24 had been strong with momentum flowing through from the later months of FY23.

The broker raises FY24-26 earnings (EBITDA) forecasts by between 10-12% and increases the target for Veem to $1.00 from 91c. The Add rating is maintained. It's felt earnings are underpinned by recent deals with Sharrow and Strategic Marine (gyros).

FORECAST
Morgans forecasts a full year FY24 dividend of 1.00 cents and EPS of 3.40 cents.
Morgans forecasts a full year FY25 dividend of 1.40 cents and EPS of 4.80 cents.
Access Stockbroker Research History >

VEE STOCK CHART

FNArena News on VEE

1
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia
2
FNArena Corporate Results Monitor – 24-02-2023

Feb 24 2023 - Australia
3
Rudi’s View: Woodside, REA, QBE, Appen & Megaport

Sep 08 2022 - Rudi's View
4
FNArena Corporate Results Monitor – 22-08-2022

Aug 22 2022 - Australia
5
FNArena Corporate Results Monitor – 23-02-2022

Feb 23 2022 - Australia

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