A Business at a Glance
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VEECO INSTRUMENTS INC
VECO
$3.1B
Mkt Cap
$51.66
-5.35%
VEECO INSTRUMENTS INC (VECO) has a current P/E ratio of 87.6, compared to its historical median P/E of 36.0. The stock is currently considered Expensive based on its historical valuation range.
VEECO INSTRUMENTS INC (VECO) has a 5-year average return on invested capital (ROIC) of 9.1%. This is below average and may indicate limited pricing power.
VEECO INSTRUMENTS INC (VECO) has a market capitalization of $3.2B. It is classified as a mid-cap stock.
VEECO INSTRUMENTS INC (VECO) does not currently pay a regular dividend.
Based on historical P/E analysis, VEECO INSTRUMENTS INC (VECO) appears expensive. The current P/E of 87.6 is 143% above its historical median of 36.0. The estimated fair value CAGR (P/E method) is 50.5%.
VEECO INSTRUMENTS INC (VECO) operates in the Special Industry Machinery, Nec industry, within the Industrials sector.
VEECO INSTRUMENTS INC (VECO) reported annual revenue of $664 million in its most recent fiscal year, based on SEC EDGAR filings.
VEECO INSTRUMENTS INC operates in the Special Industry Machinery, Nec industry, Industrials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 655M | 664M | 717M | 666M | 646M | 583M |
| Net Income | 23M | 35M | 74M | -30M | 167M | 26M |
| EPS | $0.38 | $0.59 | $1.23 | $-0.56 | $2.71 | $0.49 |
| Free Cash Flow | 43M | 53M | 46M | 34M | 84M | 27M |
| ROIC | 2.5% | 4.3% | 8.8% | 10.1% | 10.3% | 11.9% |
| Gross Margin | 38.6% | 40.0% | 42.4% | 42.8% | 40.7% | 41.5% |
| Debt/Equity | 0.30 | 0.32 | 0.44 | 0.49 | 0.57 | 0.60 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 19M | 36M | 67M | 70M | 62M | 57M |
| Operating Margin | 2.9% | 5.4% | 9.3% | 10.5% | 9.7% | 9.7% |
| ROE | 2.6% | 4.3% | 9.6% | -4.5% | 28.9% | 5.9% |
| Shares Outstanding | 61M | 60M | 60M | 54M | 62M | 53M |
VEECO INSTRUMENTS INC passes 2 of 9 quality checks, indicating weak fundamentals.
VEECO INSTRUMENTS INC trades at 87.6x trailing earnings, compared to its 15-year median P/E of 36.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 58.5x vs a median of 36.2x. The company's 5-year average ROIC is 9.1% with a gross margin of 41.5%. At current prices, the estimated annualized return to fair value is +16.4%.
VEECO INSTRUMENTS INC (VECO) has a net profit margin of 5.3%. This is a modest margin.
VEECO INSTRUMENTS INC (VECO) generated $53 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
VEECO INSTRUMENTS INC (VECO) has a debt-to-equity ratio of 0.32. This indicates a conservatively financed balance sheet.
VEECO INSTRUMENTS INC (VECO) reported earnings per share (EPS) of $0.59 in its most recent fiscal year.
VEECO INSTRUMENTS INC (VECO) has a return on equity (ROE) of 4.3%. This indicates moderate shareholder returns.
VEECO INSTRUMENTS INC (VECO) has a 5-year average gross margin of 41.5%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for VEECO INSTRUMENTS INC (VECO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
VEECO INSTRUMENTS INC (VECO) has a book value per share of $14.76, based on its most recent annual SEC filing.