NasdaqGS:VECO

Stock Analysis Report

Executive Summary

Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide.

Snowflake

Fundamentals

Adequate balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Veeco Instruments's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.8%

NasdaqGS:VECO

0.4%

US Semiconductor

0.8%

US Market


1 Year Return

8.1%

NasdaqGS:VECO

10.7%

US Semiconductor

1.9%

US Market

VECO underperformed the Semiconductor industry which returned 10.7% over the past year.

VECO outperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

VECOIndustryMarket
7 Day6.8%0.4%0.8%
30 Day7.3%7.8%3.4%
90 Day2.8%12.6%2.1%
1 Year8.1%8.1%12.7%10.7%4.2%1.9%
3 Year-38.7%-38.7%84.2%73.5%46.7%37.2%
5 Year-65.9%-65.9%124.2%101.4%62.3%44.5%

Price Volatility Vs. Market

How volatile is Veeco Instruments's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Veeco Instruments undervalued based on future cash flows and its price relative to the stock market?

1.4x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Veeco Instruments to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Veeco Instruments to establish if it is available at substantial discount.


Price Based on Earnings

Veeco Instruments is loss making, we can't compare its value to the US Semiconductor industry average.

Veeco Instruments is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Veeco Instruments, we can't assess if its growth is good value.


Price Based on Value of Assets

Veeco Instruments is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Veeco Instruments expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

84.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Veeco Instruments's revenue is expected to grow by 10.4% yearly, however this is not considered high growth (20% yearly).

Veeco Instruments's earnings are expected to grow significantly at over 20% yearly.

Veeco Instruments's revenue growth is expected to exceed the United States of America market average.

Veeco Instruments's earnings growth is expected to exceed the United States of America market average.

Veeco Instruments's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Veeco Instruments will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Veeco Instruments performed over the past 5 years?

-41.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Veeco Instruments does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Veeco Instruments's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Veeco Instruments's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Veeco Instruments has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Veeco Instruments has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Veeco Instruments improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Veeco Instruments's financial position?


Financial Position Analysis

Veeco Instruments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Veeco Instruments's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Veeco Instruments's level of debt (71.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (0.2% vs 71.4% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.7x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Veeco Instruments has sufficient cash runway for more than 3 years based on current free cash flow.

Veeco Instruments has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 1.2% each year.


Next Steps

Dividend

What is Veeco Instruments's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Veeco Instruments's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Veeco Instruments's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Veeco Instruments has not reported any payouts.

Unable to verify if Veeco Instruments's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Veeco Instruments has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Veeco Instruments's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Veeco Instruments's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Bill Miller (51yo)

0.9yrs

Tenure

US$3,568,558

Compensation

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

Bill's remuneration is higher than average for companies of similar size in United States of America.

Bill's compensation has increased whilst company is loss making.


Management Age and Tenure

2.3yrs

Average Tenure

56yo

Average Age

The tenure for the Veeco Instruments management team is about average.


Board Age and Tenure

5.5yrs

Average Tenure

64.5yo

Average Age

The tenure for the Veeco Instruments board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • John Peeler (64yo)

    Executive Chairman

    • Tenure: 7.3yrs
    • Compensation: US$1.71m
  • John Kiernan (57yo)

    Senior VP of Finance

    • Tenure: 14.2yrs
    • Compensation: US$526.37k
  • Ajit Paranjpe (56yo)

    Chief Technology Officer

    • Tenure: 1.8yrs
  • Sam Maheshwari (47yo)

    Executive VP

    • Tenure: 5.3yrs
    • Compensation: US$2.47m
  • Scott Kroeger

    Chief Marketing Officer

    • Tenure: 0.7yrs
  • Robert Bradshaw

    Senior Vice President of Human Resources

    • Tenure: 14.1yrs
  • Bill Miller (51yo)

    CEO & Director

    • Tenure: 0.9yrs
    • Compensation: US$3.57m
  • Greg Robbins

    Senior VP

    • Tenure: 19.8yrs
  • Paul Antolli

    Senior Vice President of Global Sales

    • Tenure: 2.3yrs
  • Anthony Bencivenga

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Rich D’Amore (66yo)

    Lead Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$218.00k
  • John Peeler (64yo)

    Executive Chairman

    • Tenure: 7.3yrs
    • Compensation: US$1.71m
  • Kathy Bayless (63yo)

    Independent Director

    • Tenure: 3.2yrs
    • Compensation: US$200.00k
  • Tom Dennis (65yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$197.50k
  • Keith Jackson (64yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: US$210.00k
  • Pete Simone (72yo)

    Independent Director

    • Tenure: 15.2yrs
    • Compensation: US$215.00k
  • Gordon Hunter (67yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: US$210.00k
  • Bill Miller (51yo)

    CEO & Director

    • Tenure: 0.9yrs
    • Compensation: US$3.57m

Company Information

Veeco Instruments Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Veeco Instruments Inc.
  • Ticker: VECO
  • Exchange: NasdaqGS
  • Founded: 1989
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$574.434m
  • Shares outstanding: 48.97m
  • Website: https://www.veeco.com

Number of Employees


Location

  • Veeco Instruments Inc.
  • 1 Terminal Drive
  • Plainview
  • New York
  • 11803
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VECONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1994
VEODB (Deutsche Boerse AG)YesCommon StockDEEURNov 1994

Biography

Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. It offers m ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 23:41
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.