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VEEM Ltd

Industrials AU VEE

1.675AUD
-0.005(0.30%)

Last update at 2024-10-23T03:55:00Z

Day Range

1.671.68
LowHigh

52 Week Range

0.552.01
LowHigh

Fundamentals

  • Previous Close 1.68
  • Market Cap206.37M
  • Volume12095
  • P/E Ratio30.40
  • Dividend Yield1.01%
  • EBITDA11.86M
  • Revenue TTM80.55M
  • Revenue Per Share TTM0.59
  • Gross Profit TTM 36.13M
  • Diluted EPS TTM0.05

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax 4.89M 1.40M 5.91M 3.24M 2.14M
Minority interest - - - - -
Net income 4.11M 1.27M 4.91M 2.47M 2.47M
Selling general administrative 24.56M 22.62M 21.39M 18.43M 21.10M
Selling and marketing expenses 0.56M 0.30M 0.23M 0.39M 0.95M
Gross profit 37.60M 31.99M 33.75M 27.67M 28.97M
Reconciled depreciation 4.08M 4.02M 3.64M 3.39M 1.75M
Ebit 5.87M 2.05M 6.63M 4.11M 2.64M
Ebitda 9.95M 6.07M 10.27M 7.51M 4.40M
Depreciation and amortization 4.08M 4.02M 3.64M 3.39M 1.75M
Non operating income net other - - - - -
Operating income 5.88M 2.13M 5.45M 2.58M 2.64M
Other operating expenses 53.71M 52.21M 52.91M 40.26M 42.32M
Interest expense 0.99M 0.65M 0.72M 0.87M 0.50M
Tax provision 0.77M 0.13M 1.00M 0.77M -0.41284M
Interest income 0.99M 0.74M 1.11M 0.91M 0.51M
Net interest income -0.98565M -0.65122M -0.72018M -0.87183M -0.49574M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.77M 0.13M 1.00M 0.77M -0.08893M
Total revenue 59.54M 54.20M 59.45M 44.36M 44.94M
Total operating expenses 32.56M 30.17M 28.50M 25.11M 26.35M
Cost of revenue 21.94M 22.21M 25.70M 16.68M 15.97M
Total other income expense net 0.83M 0.23M 1.38M 1.55M -0.50054M
Discontinued operations - - - - -
Net income from continuing ops 4.11M 1.27M 4.91M 2.47M 2.23M
Net income applicable to common shares 4.11M 1.27M 4.91M 2.47M 2.55M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 93.97M 91.50M 81.06M 70.28M 65.81M
Intangible assets - 21.02M 18.05M 15.71M 13.33M
Earning assets - - - - -
Other current assets 1.26M 1.34M 1.19M 2.18M 2.26M
Total liab 41.68M 44.68M 37.46M 33.66M 33.25M
Total stockholder equity 52.28M 46.82M 43.60M 36.62M 32.56M
Deferred long term liab - 20.79M 17.81M 15.30M 12.78M
Other current liab 5.76M 11.91M 8.18M 0.72M 6.54M
Common stock 11.54M 11.51M 11.51M 5.14M 5.14M
Capital stock - 11.51M 11.51M 5.14M 5.14M
Retained earnings 40.60M 35.35M 32.07M 31.48M 27.42M
Other liab - 8.01M 5.82M 4.28M 3.70M
Good will - - - - -
Other assets - 4.27M 20.67M 16.60M 14.37M
Cash 0.17M 2.42M 2.63M 2.23M 3.62M
Cash and equivalents - - - - 3.62M
Total current liabilities 16.56M 16.79M 12.85M 12.12M 9.62M
Current deferred revenue - -6.28310M -6.15267M 4.29M -3.11531M
Net debt 21.81M 23.75M 19.03M 17.81M 19.42M
Short term debt 4.52M 6.28M 2.88M 2.78M 3.12M
Short long term debt - 4.63M 1.39M 1.17M 0.86M
Short long term debt total 21.98M 26.17M 21.67M 20.04M 23.04M
Other stockholder equity - -46.86162M -43.57729M -36.62245M -32.56278M
Property plant equipment - 31.20M 28.22M 25.03M 27.31M
Total current assets 39.24M 35.01M 31.93M 28.25M 23.59M
Long term investments - - - - -
Net tangible assets - 46.59M 43.36M 36.22M 32.02M
Short term investments - - - - -
Net receivables 13.56M 10.11M 10.33M 9.82M 9.47M
Long term debt - 4.43M 8.12M 5.28M 6.46M
Inventory 24.25M 20.94M 17.59M 12.99M 8.24M
Accounts payable 6.29M 4.88M 7.95M 4.33M 3.08M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.14M -0.03976M 0.02M 0.02M -27.94152M
Additional paid in capital - - - - -
Common stock total equity - - - - 5.14M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 21.90M -31.43749M -28.46542M -25.43237M -27.85062M
Deferred long term asset charges - - - - -
Non current assets total 54.73M 56.49M 49.13M 42.03M 42.22M
Capital lease obligations - 11.03M 12.16M 13.17M 15.72M
Long term debt total - 19.89M 18.79M 17.26M 19.93M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments -5.18615M -4.82360M -3.54800M -2.57207M -1.06456M
Change to liabilities 0.52M 0.50M 1.57M -1.36415M 0.03M
Total cashflows from investing activities -5.18615M -4.82360M -3.54800M -2.57207M -1.06456M
Net borrowings -0.33979M -3.10292M -3.20343M -1.92935M -3.65958M
Total cash from financing activities -1.16767M 2.59M -4.05493M -2.67165M -4.19258M
Change to operating activities 0.29M 0.14M 0.00535M -0.07871M -0.01165M
Net income 4.11M 1.27M 4.91M 2.47M 2.23M
Change in cash -0.21119M 0.40M -1.38509M 0.74M 3.20M
Begin period cash flow 2.63M 2.23M 3.62M 2.87M -0.32474M
End period cash flow 2.42M 2.63M 2.23M 3.62M 2.87M
Total cash from operating activities 6.12M 2.52M 6.29M 5.96M 8.43M
Issuance of capital stock - 6.37M - - -
Depreciation 3.80M 4.02M 3.64M 3.39M 1.75M
Other cashflows from investing activities 0.00000M 0.12M 0.00679M 0.00000M 0.02M
Dividends paid 0.83M 0.68M 0.85M 0.74M 0.53M
Change to inventory -3.64852M -4.60075M -4.75312M 2.80M 2.31M
Change to account receivables -0.04364M 0.99M -1.90266M -2.68608M 1.93M
Sale purchase of stock 0.00000M -3.90386M -6.36900M - -
Other cashflows from financing activities 0.86M 2.59M -1.25773M -0.05328M 1.00M
Change to netincome 0.05M -0.16954M 1.37M 0.12M -0.13003M
Capital expenditures 5.19M 4.95M 3.55M 2.57M 1.08M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -3.69215M -3.61289M -6.65578M 0.11M -0.84081M
Stock based compensation 0.04M 0.02M - - -
Other non cash items -1.79181M -2.76837M 4.40M -0.01588M -3.98379M
Free cash flow 0.93M -2.42695M 2.74M 3.39M 7.35M

Peer Comparison

Sector: Industrials Industry: Aerospace & Defense

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
VEE
VEEM Ltd
-0.005 0.30% 1.68 30.40 - 2.46 3.80 2.74 14.94
ASB
Austal Ltd
0.03 0.79% 3.17 80.25 6.49 0.79 1.11 0.83 9.59
EOS
Electro Optic Systems Holdings
0.04 2.36% 1.52 - 22.73 1.03 1.25 1.09 8.83
OEC
Orbital Corporation Ltd
0.01 9.52% 0.12 - - 1.63 1.89 1.67 12.70
QHL
Quickstep Holdings Ltd
-0.02 6.90% 0.27 - 6.18 0.22 1.79 0.49 9.95

Reports Covered

Stock Research & News

Profile

VEEM Ltd engages in the design, manufacture, and sale of marine propulsion and stabilization systems. It offers gyrostabilizers; CNC machined monobloc and fixed pitch propellers; and forever pipe, a piping solution for the processing industry. The company also provides conquest propeller, shaft lines, and marine ride control fins. In addition, it manufactures bespoke engineered products and services for marine, defense, and mining industries; and provides engineering products and services. The company was founded in 1968 and is headquartered in Canning Vale, Australia. VEEM Ltd operates as a subsidiary of Veem Corporation Pty Ltd.

VEEM Ltd

22 Baile Road, Canning Vale, WA, Australia, 6155

Key Executives

Name Title Year Born
Mr. Mark David Miocevich MD & Director NA
Mr. David James Rich B.Com., F.C.A. CFO & Company Sec. NA
Mr. Brett Wayne Silich Global Commercial Mang. NA
Mr. David James Rich B.Com., F.C.A. CFO & Company Secretary NA
Mr. Trevor Raman Operations Manager NA
Mr. David James Wood Global Commercial Manager NA
Mr. David James Rich B.Com., F.C.A. CFO & Company Secretary NA
Mr. Trevor Raman Operations Manager NA
Mr. David James Wood Global Commercial Manager NA
Mr. David James Rich B.Com., F.C.A. CFO & Company Secretary NA

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