Financials Veeco Instruments Inc.

Equities

VECO

US9224171002

Semiconductor Equipment & Testing

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
35.16 USD +2.21% Intraday chart for Veeco Instruments Inc. +7.92% +13.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 718.1 861.3 1,438 955.5 1,748 1,980 - -
Enterprise Value (EV) 1 773.7 863 1,443 927.7 1,718 1,843 1,758 1,676
P/E ratio -8.85 x -102 x 58.1 x 6.86 x -55.4 x 27.7 x 20.3 x -
Yield - - - - - - - -
Capitalization / Revenue 1.71 x 1.9 x 2.47 x 1.48 x 2.62 x 2.76 x 2.51 x 2.4 x
EV / Revenue 1.84 x 1.9 x 2.47 x 1.44 x 2.58 x 2.57 x 2.23 x 2.03 x
EV / EBITDA 148 x 15.8 x 17.4 x 10.8 x 18.1 x 14.6 x 12 x 11.7 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book - - - - - - - -
Nbr of stocks (in thousands) 48,903 49,612 50,504 51,425 56,342 56,313 - -
Reference price 2 14.68 17.36 28.47 18.58 31.03 35.16 35.16 35.16
Announcement Date 2/13/20 2/11/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 419.3 454.2 583.3 646.1 666.4 716.8 789.7 826.1
EBITDA 1 5.244 54.64 82.77 85.94 94.91 126 146.2 143
EBIT 1 -39.58 22.56 56.71 60.3 69.94 95.68 120.3 100.1
Operating Margin -9.44% 4.97% 9.72% 9.33% 10.49% 13.35% 15.24% 12.12%
Earnings before Tax (EBT) 1 -77.96 -8.464 25.68 50.98 -28.34 86.62 108.8 95.05
Net income 1 -78.73 -8.391 26.04 166.9 -30.37 75.31 98.76 76.99
Net margin -18.78% -1.85% 4.46% 25.84% -4.56% 10.51% 12.51% 9.32%
EPS 2 -1.660 -0.1700 0.4900 2.710 -0.5600 1.270 1.730 -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 2/13/20 2/11/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 150.2 153 156.4 164 171.9 153.8 153.5 161.6 177.4 173.9 170.6 175.2 184.5 186.5 184.3
EBITDA 1 - - - - - - - - 28.44 30.53 29.16 30.43 32.65 35.21 34.1
EBIT 1 16.42 17.63 16.52 12.82 17.56 13.39 9.806 13.69 22.26 24.18 20.94 22.21 25.53 27 24.3
Operating Margin 10.93% 11.52% 10.56% 7.82% 10.22% 8.71% 6.39% 8.47% 12.55% 13.9% 12.27% 12.68% 13.84% 14.48% 13.18%
Earnings before Tax (EBT) 1 9.404 6.817 13.71 10.19 15.25 11.83 9.004 -84.04 22.51 24.18 20.29 21.37 25.66 26.82 24.6
Net income 1 8.993 8.204 13.33 9.655 15.04 128.9 8.741 -85.32 24.57 21.64 17.2 18.52 21.48 22.97 21.6
Net margin 5.99% 5.36% 8.52% 5.89% 8.75% 83.82% 5.69% -52.78% 13.85% 12.44% 10.08% 10.57% 11.64% 12.31% 11.72%
EPS 2 0.1700 0.1500 0.2400 0.1800 0.2700 2.000 0.1700 -1.610 0.4200 0.3700 0.2750 0.2900 0.3450 0.3600 0.3300
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 11/2/21 2/16/22 5/9/22 8/8/22 11/7/22 2/15/23 5/8/23 8/7/23 11/6/23 2/14/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 55.5 1.72 5.51 - - - - -
Net Cash position 1 - - - 27.8 30.5 137 222 304
Leverage (Debt/EBITDA) 10.59 x 0.0315 x 0.0666 x - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) - - 17.4% 17.6% 15.7% 12.2% 12.9% -
ROA (Net income/ Total Assets) - - - - - 8% 8.8% -
Assets 1 - - - - - 941.4 1,122 -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/13/20 2/11/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
35.16 USD
Average target price
39.71 USD
Spread / Average Target
+12.95%
Consensus
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