Financials VEEM Ltd

Equities

VEE

AU000000VEE3

Shipbuilding

Market Closed - Australian S.E. 01:52:05 2024-04-26 am EDT 5-day change 1st Jan Change
1.75 AUD -2.51% Intraday chart for VEEM Ltd 0.00% +59.09%

Valuation

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 52 172.9 51.57 54.29 237.5 - -
Enterprise Value (EV) 1 52 172.9 58.45 67.01 249.2 247.3 245
P/E ratio 27.8 x 35.9 x 40.9 x 13.2 x 36.5 x 31.8 x 27.8 x
Yield - 0.5% 1.13% 1.28% 0.82% 0.93% 1.08%
Capitalization / Revenue - 2.91 x 0.95 x 0.91 x 3.16 x 2.9 x 2.71 x
EV / Revenue - 2.91 x 1.08 x 1.12 x 3.32 x 3.02 x 2.8 x
EV / EBITDA - 17 x 9.58 x 6.73 x 18 x 15.5 x 13.8 x
EV / FCF - 63,149,898 x - - - - -
FCF Yield - 0% - - - - -
Price to Book - - 1.18 x 1.16 x 4.48 x 4.04 x 3.63 x
Nbr of stocks (in thousands) 130,000 130,000 135,719 135,719 135,719 - -
Reference price 2 0.4000 1.330 0.3800 0.4000 1.750 1.750 1.750
Announcement Date 8/31/20 8/3/21 8/18/22 8/23/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 59.5 54.2 59.58 75.13 81.96 87.59
EBITDA 1 - 10.2 6.1 9.95 13.84 15.92 17.8
EBIT 1 - 4.93 1.897 5.872 9.008 10.69 11.99
Operating Margin - 8.29% 3.5% 9.86% 11.99% 13.04% 13.69%
Earnings before Tax (EBT) 1 - - 1.4 4.886 7.7 9.5 11
Net income 1 2.47 4.9 1.266 4.112 6.5 7.4 8.5
Net margin - 8.24% 2.34% 6.9% 8.65% 9.03% 9.7%
EPS 2 0.0144 0.0370 0.009300 0.0303 0.0480 0.0550 0.0630
Free Cash Flow - 2.738 - - - - -
FCF margin - 4.6% - - - - -
FCF Conversion (EBITDA) - 26.84% - - - - -
FCF Conversion (Net income) - 55.88% - - - - -
Dividend per Share 2 - 0.006600 0.004300 0.005100 0.0144 0.0164 0.0189
Announcement Date 8/31/20 8/3/21 8/18/22 8/23/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2021 S1 2022 S1 2023 S1 2023 S2 2024 S1
Net sales 1 28.4 - - 32.22 37.49
EBITDA 1 5.7 - - 5.8 6.9
EBIT 1 3.86 - - 3.617 4.574
Operating Margin 13.59% - - 11.22% 12.2%
Earnings before Tax (EBT) - - - - -
Net income 1 3 0.3304 1.826 2.287 3.497
Net margin 10.56% - - 7.1% 9.33%
EPS 2 0.0230 0.002400 0.0135 0.0168 0.0258
Dividend per Share 2 0.004300 - - 0.001100 0.007700
Announcement Date 2/4/21 2/21/22 2/22/23 8/23/23 2/21/24
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 6.88 12.7 11.7 9.81 7.46
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - 1.127 x 1.278 x 0.8457 x 0.6165 x 0.4192 x
Free Cash Flow - 2.74 - - - - -
ROE (net income / shareholders' equity) - 10.1% 3.16% 9.1% 13.1% 13.2% 13.8%
ROA (Net income/ Total Assets) - 7.22% 1.67% 4.77% 6.9% 7.3% 8%
Assets 1 - 67.89 75.67 86.28 94.2 101.4 106.2
Book Value Per Share 2 - - 0.3200 0.3400 0.3900 0.4300 0.4800
Cash Flow per Share 2 - - 0.0200 0.0500 0.0600 0.0800 0.0900
Capex 1 - 3.55 4.95 5.19 4.04 4.54 5.05
Capex / Sales - 5.97% 9.13% 8.7% 5.37% 5.54% 5.76%
Announcement Date 8/31/20 8/3/21 8/18/22 8/23/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
1.75 AUD
Average target price
1.497 AUD
Spread / Average Target
-14.48%
Consensus