Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. More Details
No risks detected for VECO from our risk checks.
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has Veeco Instruments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VECO has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VECO underperformed the US Semiconductor industry which returned 35.4% over the past year.
Return vs Market: VECO underperformed the US Market which returned 12.9% over the past year.
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
3 weeks ago | Simply Wall StVeeco Instruments (NASDAQ:VECO) Share Prices Have Dropped 45% In The Last Five Years
2 months ago | Simply Wall StHere's Why Veeco Instruments (NASDAQ:VECO) Can Afford Some Debt
3 months ago | Simply Wall StWho Has Been Selling Veeco Instruments Inc. (NASDAQ:VECO) Shares?
Is Veeco Instruments undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: VECO ($12.08) is trading below our estimate of fair value ($33.05)
Significantly Below Fair Value: VECO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VECO is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.
PE vs Market: VECO is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VECO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VECO is good value based on its PB Ratio (1.5x) compared to the US Semiconductor industry average (3.2x).
How is Veeco Instruments forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VECO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: VECO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: VECO's is expected to become profitable in the next 3 years.
Revenue vs Market: VECO's revenue (12.1% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: VECO's revenue (12.1% 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?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VECO is currently unprofitable.
Growing Profit Margin: VECO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: VECO is unprofitable, and losses have increased over the past 5 years at a rate of 19.8% per year.
Accelerating Growth: Unable to compare VECO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VECO is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (7.5%).
Return on Equity
High ROE: VECO has a negative Return on Equity (-13.53%), as it is currently unprofitable.
How is Veeco Instruments's financial position?
Financial Position Analysis
Short Term Liabilities: VECO's short term assets ($538.4M) exceed its short term liabilities ($127.5M).
Long Term Liabilities: VECO's short term assets ($538.4M) exceed its long term liabilities ($342.3M).
Debt to Equity History and Analysis
Debt Level: VECO's debt to equity ratio (80.3%) is considered high.
Reducing Debt: VECO's debt to equity ratio has increased from 0.2% to 80.3% over the past 5 years.
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.
Stable Cash Runway: Whilst unprofitable VECO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VECO is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 19.3% per year.
What is Veeco Instruments's current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VECO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Miller (52 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 ($USD3.77M) is above average for companies of similar size in the US market ($USD1.98M).
Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.
|CEO & Director||1.92yrs||US$3.77m||0.47% |
|Senior VP & CFO||0.67yr||US$504.20k||0.11% |
|Senior Vice President of Global Operations||no data||no data||no data|
|Chief Technology Officer||2.75yrs||no data||no data|
|Chief Administrative Officer||no data||no data||no data|
|Head of Investor Relations||no data||no data||no data|
|VP, Head of Legal & Secretary||no data||no data||no data|
|Chief Marketing Officer||1.67yrs||no data||no data|
|Vice President of Global Sales||1.67yrs||no data||no data|
|Senior Vice President of Global Sales & Services||0.42yr||no data||0.13% |
|Senior Vice President of Product Line Management||1.67yrs||no data||no data|
|Senior Vice President of Unified Engineering||3yrs||no data||0.15% |
Experienced Management: VECO's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|CEO & Director||1.92yrs||US$3.77m||0.47% |
|Independent Chairman||0.33yr||US$218.00k||0.25% |
|Independent Director||4.17yrs||US$205.00k||0.076% |
|Independent Director||4.33yrs||US$197.50k||0.076% |
|Independent Director||8.58yrs||US$210.00k||0.11% |
|Independent Director||16.17yrs||US$210.00k||0.095% |
|Independent Director||10.25yrs||US$210.00k||0.11% |
|Independent Director||0.83yr||US$129.53k||0.027% |
Experienced Board: VECO's board of directors are considered experienced (4.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 company bio, employee growth, exchange listings and data sources
- Name: Veeco Instruments Inc.
- Ticker: VECO
- Exchange: NasdaqGS
- Founded: 1945
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$599.398m
- Shares outstanding: 49.62m
- Website: https://www.veeco.com
Number of Employees
- Veeco Instruments Inc.
- 1 Terminal Drive
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VECO||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1994|
|VEO||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1994|
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 i ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/22 06:27|
|End of Day Share Price||2020/09/21 00:00|