VECO Stock Overview
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide.
VECO passed our risk checks.
Veeco Instruments Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$21.94|
|52 Week High||US$32.40|
|52 Week Low||US$18.68|
|1 Month Change||-7.97%|
|3 Month Change||-19.63%|
|1 Year Change||-0.59%|
|3 Year Change||75.52%|
|5 Year Change||-30.13%|
|Change since IPO||100.59%|
Recent News & Updates
Veeco Instruments (NASDAQ:VECO) Could Easily Take On More Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|VECO||US Semiconductor||US Market|
Return vs Industry: VECO underperformed the US Semiconductor industry which returned 4.6% over the past year.
Return vs Market: VECO exceeded the US Market which returned -10.4% over the past year.
|VECO Average Weekly Movement||7.1%|
|Semiconductor Industry Average Movement||8.6%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: VECO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: VECO's weekly volatility (7%) has been stable over the past year.
About the Company
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices.
Veeco Instruments Fundamentals Summary
|VECO fundamental statistics|
Is VECO overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VECO income statement (TTM)|
|Cost of Revenue||US$352.62m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.73|
|Net Profit Margin||6.08%|
How did VECO perform over the long term?See historical performance and comparison
Is Veeco Instruments undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VECO ($21.94) is trading below our estimate of fair value ($42.59)
Significantly Below Fair Value: VECO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VECO is poor value based on its PE Ratio (30.1x) compared to the US Semiconductor industry average (18.7x).
PE vs Market: VECO is poor value based on its PE Ratio (30.1x) compared to the US market (15.5x).
Price to Earnings Growth Ratio
PEG Ratio: VECO is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: VECO is good value based on its PB Ratio (2.7x) compared to the US Semiconductor industry average (3.4x).
How is Veeco Instruments forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VECO's forecast earnings growth (32.6% per year) is above the savings rate (1.9%).
Earnings vs Market: VECO's earnings (32.6% per year) are forecast to grow faster than the US market (12.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: VECO's revenue (10.1% per year) is forecast to grow faster than the US market (8% per year).
High Growth Revenue: VECO's revenue (10.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if VECO's Return on Equity is forecast to be high in 3 years time
How has Veeco Instruments performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VECO has high quality earnings.
Growing Profit Margin: VECO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: VECO has become profitable over the past 5 years, growing earnings by 35.5% per year.
Accelerating Growth: VECO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: VECO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (77.9%).
Return on Equity
High ROE: VECO's Return on Equity (9.1%) is considered low.
How is Veeco Instruments's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: VECO's short term assets ($570.0M) exceed its short term liabilities ($220.7M).
Long Term Liabilities: VECO's short term assets ($570.0M) exceed its long term liabilities ($296.1M).
Debt to Equity History and Analysis
Debt Level: VECO's net debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: VECO's debt to equity ratio has increased from 40.2% to 67.9% over the past 5 years.
Debt Coverage: VECO's debt is well covered by operating cash flow (30%).
Interest Coverage: VECO's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Veeco Instruments's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VECO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VECO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VECO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VECO's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as VECO has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Miller (53 yo)
Dr. William John Miller, also known as Bill, Ph D, has been Chief Executive Officer and Director of Veeco Instruments Inc. since October 1, 2018 and served as its President from January 4, 2016 to October...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD4.53M) is about average for companies of similar size in the US market ($USD3.88M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Experienced Management: VECO's management team is considered experienced (3 years average tenure).
Experienced Board: VECO's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VECO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Veeco Instruments Inc.'s employee growth, exchange listings and data sources
- Name: Veeco Instruments Inc.
- Ticker: VECO
- Exchange: NasdaqGS
- Founded: 1945
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: US$1.110b
- Shares outstanding: 50.58m
- Website: https://www.veeco.com
Number of Employees
- Veeco Instruments Inc.
- 1 Terminal Drive
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/15 00:00|
|End of Day Share Price||2022/05/13 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.