VEEM Past Earnings Performance

Past criteria checks 5/6

VEEM has been growing earnings at an average annual rate of 10.4%, while the Machinery industry saw earnings growing at 30.2% annually. Revenues have been growing at an average rate of 8.5% per year. VEEM's return on equity is 11.6%, and it has net margins of 8.3%.

Key information

10.4%

Earnings growth rate

9.2%

EPS growth rate

Machinery Industry Growth	29.3%
Revenue growth rate	8.5%
Return on equity	11.6%
Net Margin	8.3%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How VEEM makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

CHIA:VEE Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	70	6	28
30 Sep 23	65	5	26
30 Jun 23	60	4	25
31 Mar 23	58	3	24
31 Dec 22	56	3	23
30 Sep 22	55	2	23
30 Jun 22	54	1	23
31 Mar 22	56	2	23
31 Dec 21	57	2	23
30 Sep 21	58	4	22
30 Jun 21	60	5	22
31 Mar 21	56	5	21
31 Dec 20	52	5	20
30 Sep 20	48	4	19
30 Jun 20	44	2	19
31 Mar 20	45	3	20
31 Dec 19	45	3	21
30 Sep 19	45	3	21
30 Jun 19	45	3	22
31 Mar 19	43	2	19
31 Dec 18	41	2	17
30 Sep 18	41	2	16
30 Jun 18	41	3	15
31 Mar 18	39	3	16
31 Dec 17	37	4	17
30 Sep 17	38	4	17
30 Jun 17	38	4	18
31 Mar 17	42	4	18
31 Dec 16	46	4	19
30 Sep 16	43	5	19
30 Jun 16	41	5	19
30 Jun 15	38	4	18
30 Jun 14	40	5	18
30 Jun 13	38	4	16

Quality Earnings: VEE has high quality earnings.

Growing Profit Margin: VEE's current net profit margins (8.3%) are higher than last year (5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: VEE's earnings have grown by 10.4% per year over the past 5 years.

Accelerating Growth: VEE's earnings growth over the past year (109.5%) exceeds its 5-year average (10.4% per year).

Earnings vs Industry: VEE earnings growth over the past year (109.5%) exceeded the Machinery industry 41%.

VEEM Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

VEEM Ltd to Report First Half, 2024 Results on Feb 22, 2024

Full year 2023 earnings released: EPS: AU$0.03 (vs AU$0.009 in FY 2022)

VEEM Ltd to Report Fiscal Year 2023 Results on Aug 24, 2023

First half 2023 earnings released: EPS: AU$0.014 (vs AU$0.002 in 1H 2022)

Full year 2022 earnings released: EPS: AU$0.009 (vs AU$0.038 in FY 2021)

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Recent updates

VEEM Ltd Appoints Angus Murnaghan as an Independent Non-Executive Director and Ian Barsden to Retire as a Director Effective 30 June 2024

Investor sentiment improves as stock rises 20%

Investor sentiment improves as stock rises 18%

First half dividend increased to AU$0.0077

VEEM Ltd to Report First Half, 2024 Results on Feb 22, 2024

Investor sentiment improves as stock rises 17%

VEEM Ltd, Annual General Meeting, Nov 22, 2023

Full year 2023 earnings released: EPS: AU$0.03 (vs AU$0.009 in FY 2022)

Veem Ltd Recommends A Final Unfranked Ordinary Dividend for the Six Months Ended 30 June 2023, Payable on 20 September 2023

VEEM Ltd to Report Fiscal Year 2023 Results on Aug 24, 2023

Less than half of directors are independent

First half 2023 earnings released: EPS: AU$0.014 (vs AU$0.002 in 1H 2022)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

VEEM Ltd, Annual General Meeting, Nov 23, 2022

Full year 2022 earnings released: EPS: AU$0.009 (vs AU$0.038 in FY 2021)

VEEM Ltd Recommends Final Unfranked Ordinary Dividend for the Year Ended 30 June 2022., Payable on or Around 21 September 2022

Less than half of directors are independent

Less than half of directors are independent

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

VEEM Ltd. Declares Ordinary Dividend for the Period of Six Months Ended December 31, 2021, Payable on April 19, 2022

VEEM Ltd to Report First Half, 2022 Results on Feb 22, 2022

Full year 2021 earnings released: EPS AU$0.038 (vs AU$0.019 in FY 2020)

VEEM Ltd announced that it has received funding from Repay Holdings Corporation

VEEM Ltd announced that it expects to receive AUD 6 million in funding

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS AU$0.037 (vs AU$0.019 in FY 2020)

Investor sentiment improved over the past week

VEEM Ltd to Report First Half, 2021 Results on Feb 25, 2021

First half 2021 earnings released: EPS AU$0.023 (vs AU$0.007 in 1H 2020)

Full year earnings released - EPS AU$0.019

Full year earnings released - EPS AU$0.019

Revenue & Expenses Breakdown

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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