Veem Ltd (AU:VEE)
ASX:VEE
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Veem Ltd
(Sydney:VEE)
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Rating:54Neutral
Price Target:
AU$0.50
▼(-14.66% Downside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weak technicals (price below all key moving averages with negative MACD and low RSI) and a recent deterioration in operating performance (revenue decline, margin compression, and weaker cash-flow conversion). These are partially offset by a healthier balance sheet with improving leverage and a relatively high dividend yield, though the negative P/E limits valuation support.
Positive Factors
Improving leverage and balance-sheet strength
Debt-to-equity materially declined and equity has grown, giving the company greater financial flexibility. A stronger balance sheet supports capital allocation, withstands cyclical shocks, and preserves optionality for investment, M&A or dividend support over the coming months.
Negative Factors
Revenue decline and net-margin compression
A roughly 10% revenue decline paired with a halving of net margin signals demand weakness or cost pressure. Persistent top-line deterioration and compressed margins erode scale benefits and make it harder to sustain investment and returns without structural changes to sales or cost base.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage and balance-sheet strength
Debt-to-equity materially declined and equity has grown, giving the company greater financial flexibility. A stronger balance sheet supports capital allocation, withstands cyclical shocks, and preserves optionality for investment, M&A or dividend support over the coming months.
Read all positive factors
Veem Ltd (VEE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$77.04M
Dividend Yield1.28%
Average Volume (3M)394.18K
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth-23.73%
EPS Growth-473.80%
CountryAU
Employees180
SectorIndustrials
Sector Strength72
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.13
Shares Outstanding146,749,370
10 Day Avg. Volume405,436
30 Day Avg. Volume394,175
Financial Highlights & Ratios
PEG Ratio-0.65
Price to Book (P/B)2.07
Price to Sales (P/S)1.63
P/FCF Ratio33.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.85Price Target Upside46.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.01
Revenue Forecast (FY)AU$51.93M
Veem Ltd Business Overview & Revenue Model
Company Description
VEEM Ltd manufactures and sells propulsion and stabilization systems. The company offers gyrostabilizers, CNC machined monobloc propellers shaft lines, and marine ride control fins; forever pipe, a bimetal centrifugally cast hollow bars; and engin...
How the Company Makes Money
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Veem Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.46M | 68.62M | 80.53M | 59.54M | 54.20M | 59.45M |
| Gross Profit | 21.68M | 40.80M | 44.75M | 10.26M | 6.55M | 9.92M |
| EBITDA | 2.61M | 6.64M | 14.78M | 9.95M | 6.14M | 10.32M |
| Net Income | -17.52M | 3.02M | 6.99M | 4.11M | 1.27M | 4.91M |
Balance Sheet | ||||||
| Total Assets | 79.88M | 97.22M | 93.97M | 91.50M | 80.80M | 70.28M |
| Cash, Cash Equivalents and Short-Term Investments | 9.14M | 813.36K | 170.56K | 2.42M | 2.63M | 2.23M |
| Total Debt | 22.66M | 22.32M | 21.98M | 26.17M | 21.67M | 20.04M |
| Total Liabilities | 32.01M | 42.93M | 41.68M | 44.68M | 37.20M | 33.66M |
| Stockholders Equity | 47.88M | 54.29M | 52.28M | 46.82M | 43.60M | 36.62M |
Cash Flow | ||||||
| Free Cash Flow | 5.32M | 3.33M | 5.13M | 933.08K | -2.43M | 2.74M |
| Operating Cash Flow | 6.54M | 4.27M | 8.36M | 6.12M | 2.52M | 6.29M |
| Investing Cash Flow | -1.99M | -1.74M | -3.23M | -5.19M | -4.82M | -3.55M |
| Financing Cash Flow | 6.20M | -4.42M | -7.38M | -1.17M | 2.59M | -4.05M |
Veem Ltd Technical Analysis
Neutral
0.58
Price Trends
0.58
Negative
0.67
Negative
0.94
Negative
Market Momentum
-0.02
Negative
53.42
Neutral
60.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VEE, the sentiment is Neutral. The current price of 0.58 is above the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.58, and below the 200-day MA of 0.94, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 53.42 is Neutral, neither overbought nor oversold. The STOCH value of 60.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:VEE.
Veem Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$47.35M | 4.98 | 15.85% | 4.55% | 41.51% | 432.79% | |
65 Neutral | AU$1.77B | 23.05 | 7.21% | ― | 33.61% | 209.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | AU$1.92B | -16.16 | 7.19% | ― | -27.25% | ― | |
54 Neutral | AU$77.04M | -1.38 | -34.30% | 1.28% | -23.73% | -473.80% | |
53 Neutral | AU$17.47M | -4.31 | -36.07% | ― | -13.33% | -144.86% | |
49 Neutral | AU$32.28M | -4.07 | -41.28% | ― | -5.85% | -777.78% |
* Industrials Sector Average
AU:VEE
Veem Ltd
0.53
-0.39
-42.31%
AU:ASB
Austal
4.20
-0.88
-17.32%
AU:EOS
Electro Optic Systems Holdings Limited
9.97
8.82
766.96%
AU:OEC
Orbital Corporation Limited
0.18
0.09
104.55%
AU:AVA
Ava Risk Group Ltd.
0.06
-0.04
-36.84%
AU:WWG
Wiseway Group Ltd.
0.28
0.15
116.54%
Veem Ltd Corporate Events
Veem Ltd Issues Cautious Disclaimer With FY26 Half-Year Investor Presentation
Feb 24, 2026
Veem Ltd has released an investor presentation outlining its half-year FY26 results, framed strictly as an informational document rather than an offer or solicitation to buy securities. The company emphasizes that the presentation is not a prospec...
Veem posts soft half-year but strengthens balance sheet and bets on defence-led growth
Feb 24, 2026
Veem reported half-year revenue of $23.4 million, down 30% year on year, and an EBITDA loss of $0.2 million, but delivered strong operating cash flow of $4 million and cut net debt from $13.7 million in June to a small net cash position by January...
Veem Swings to Loss as Revenue Falls but Tangible Asset Backing Per Share Rises
Feb 24, 2026
Veem Ltd reported a 30% fall in revenue from ordinary activities to A$23.4 million for the half year ended 31 December 2025, alongside a sharp swing to a net loss of A$19.5 million attributable to members, representing a more than twentyfold deter...
Veem flags major gyro write-down as it readies Mark III, core operations stay cash-generative
Feb 22, 2026
Veem reported preliminary unaudited first-half FY26 results showing revenue of about $23.4 million, slightly below prior guidance, with EBITDA near the guided range and operating cash flow up 128% to $4 million, underscoring resilience in its core...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.