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Veem Ltd (AU:VEE)
ASX:VEE
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Veem Ltd (VEE) AI Stock Analysis

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AU:VEE

Veem Ltd

(Sydney:VEE)

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Neutral 61 (OpenAI - 4o)
Rating:61Neutral
Price Target:
AU$1.50
▲(4.90% Upside)
Veem Ltd's overall stock score of 61 reflects a mixed financial performance with strong gross margins but declining revenue and profit margins. Technical analysis shows a neutral to slightly positive outlook, while high valuation metrics suggest the stock may be overvalued. The lack of earnings call and corporate events data limits further insights.

Veem Ltd (VEE) vs. iShares MSCI Australia ETF (EWA)

Veem Ltd Business Overview & Revenue Model

Company DescriptionVEEM 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 engineering services. It also manufactures bespoke components for defense, mining, and processing industries. The company was founded in 1968 and is headquartered in Canning Vale, Australia. VEEM Ltd is a subsidiary of Veem Corporation Pty Ltd.
How the Company Makes MoneyVeem generates revenue through transaction fees charged on cross-border payments made using its platform. The company typically earns a percentage of the transaction amount, which varies depending on the currency and payment method used. Additionally, Veem may monetize its services through value-added features such as premium account services and advanced reporting tools for businesses that require more comprehensive payment solutions. Key revenue streams also come from partnerships with financial institutions and payment networks that enhance its service offerings and expand its customer base. The company’s focus on SMEs, along with its innovative use of technology, positions it favorably in the competitive fintech landscape.

Veem Ltd Financial Statement Overview

Summary
Veem Ltd's financial statements present a mixed picture. The company maintains a strong gross profit margin, but declining revenue and profit margins raise concerns about growth and profitability. The balance sheet shows moderate leverage, but low return on equity suggests limited returns for shareholders. Cash flow challenges, particularly in free cash flow growth, highlight potential liquidity issues.
Income Statement
65
Positive
Veem Ltd's income statement shows a mixed performance. The company has maintained a decent gross profit margin of 59.45% in the latest year, indicating effective cost management. However, the net profit margin has decreased to 4.40%, reflecting challenges in converting revenue into profit. The revenue growth rate has turned negative at -10.43%, suggesting a decline in sales. EBIT and EBITDA margins have also decreased, indicating pressure on operating efficiency.
Balance Sheet
70
Positive
The balance sheet of Veem Ltd reflects moderate financial stability. The debt-to-equity ratio stands at 0.41, showing a manageable level of leverage. Return on equity is relatively low at 5.56%, indicating limited profitability from shareholders' investments. The equity ratio is not explicitly provided, but the company's equity position appears stable given the total assets and stockholders' equity figures.
Cash Flow
60
Neutral
Veem Ltd's cash flow statement highlights some concerns. The free cash flow growth rate is negative at -35.06%, indicating a significant decline in cash available for reinvestment or debt repayment. The operating cash flow to net income ratio is 0.21, suggesting that cash generation from operations is not fully supporting net income. However, the free cash flow to net income ratio of 0.78 indicates some level of cash profitability.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue68.63M68.62M80.53M59.54M54.20M59.45M
Gross Profit25.46M40.80M44.75M10.26M6.55M9.92M
EBITDA8.06M6.64M14.78M9.95M6.14M10.32M
Net Income3.00M3.02M6.99M4.11M1.27M4.91M
Balance Sheet
Total Assets97.22M97.22M93.97M91.50M80.80M70.28M
Cash, Cash Equivalents and Short-Term Investments813.36K813.36K170.56K2.42M2.63M2.23M
Total Debt22.32M22.32M21.98M26.17M21.67M20.04M
Total Liabilities42.93M42.93M41.68M44.68M37.20M33.66M
Stockholders Equity54.29M54.29M52.28M46.82M43.60M36.62M
Cash Flow
Free Cash Flow3.98M3.33M5.13M933.08K-2.43M2.74M
Operating Cash Flow4.29M4.27M8.36M6.12M2.52M6.29M
Investing Cash Flow-1.74M-1.74M-3.23M-5.19M-4.82M-3.55M
Financing Cash Flow-4.42M-4.42M-7.38M-1.17M2.59M-4.05M

Veem Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price1.43
Price Trends
50DMA
1.36
Positive
100DMA
1.14
Positive
200DMA
1.02
Positive
Market Momentum
MACD
<0.01
Positive
RSI
49.93
Neutral
STOCH
68.51
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 1.43 is below the 20-day moving average (MA) of 1.44, above the 50-day MA of 1.36, and above the 200-day MA of 1.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.93 is Neutral, neither overbought nor oversold. The STOCH value of 68.51 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

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AU$39.30M8.7820.77%3.85%66.80%625.00%
$2.86B28.797.54%24.13%474.03%
$10.79B15.437.44%2.01%2.89%-14.66%
AU$189.77M58.565.66%0.71%-14.88%-56.89%
$1.28B37.76-28.75%-72.88%
AU$21.81M-25.77%4.84%-12.12%
AU$34.92M-42.31%-34.48%-26000.00%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:VEE
Veem Ltd
1.42
-0.02
-1.39%
AU:ASB
Austal
6.81
3.50
105.74%
AU:EOS
Electro Optic Systems Holdings Limited
6.65
5.22
363.41%
AU:OEC
Orbital Corporation Limited
0.19
0.10
111.11%
AU:AVA
Ava Risk Group Ltd.
0.08
-0.05
-38.46%
AU:WWG
Wiseway Group Ltd.
0.26
0.13
100.00%

Veem Ltd Corporate Events

Veem Ltd Releases Annual Report Highlighting Strategic Market Position
Oct 22, 2025

Veem Ltd has released its annual report, highlighting its continued commitment to innovation in marine propulsion and stabilization systems. The report underscores the company’s strategic positioning in the market and its focus on enhancing operational efficiencies, which is likely to have positive implications for stakeholders and strengthen its industry standing.

The most recent analyst rating on (AU:VEE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

Veem Ltd Adopts Comprehensive Corporate Governance Plan
Oct 22, 2025

Veem Ltd has released its Corporate Governance Statement, detailing its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The company has adopted a Corporate Governance Plan that outlines the roles and responsibilities of its Board and management, and has decided not to form individual Board committees due to its current size and operations. Instead, the full Board carries out these duties collectively. This approach reflects the company’s belief that its existing Board’s experience and skills are sufficient for its governance needs at this stage.

The most recent analyst rating on (AU:VEE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Limited Announces Annual General Meeting and Facility Tours
Oct 22, 2025

VEEM Limited has announced that its Annual General Meeting will take place on November 27, 2025, at its gyrostabilizer facility in Canning Vale, Western Australia. Shareholders are invited to attend a tour of the company’s manufacturing facilities before the meeting, with an additional tour of the gyrostabilizer facility offered afterward. This event provides an opportunity for stakeholders to engage with the company’s operations and management, potentially enhancing transparency and investor relations.

The most recent analyst rating on (AU:VEE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Limited Announces AGM and Facility Tour for Stakeholders
Oct 8, 2025

VEEM Limited announced that its Annual General Meeting will be held on 27 November 2025, with a facility tour offered to shareholders and guests. This announcement highlights VEEM’s engagement with its stakeholders and its ongoing efforts to showcase its manufacturing capabilities. The event provides an opportunity for shareholders to gain insights into the company’s operations and future directions, potentially strengthening its market positioning and stakeholder relations.

The most recent analyst rating on (AU:VEE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Limited Strengthens Financial Position with New Share Placement
Oct 8, 2025

VEEM Limited has issued 10,000,000 new fully paid ordinary shares at $1.30 each to institutional and sophisticated investors as part of a placement announced on 30 September 2025. This move is expected to strengthen the company’s financial position and enhance its market presence, potentially impacting its operations and stakeholder interests positively.

The most recent analyst rating on (AU:VEE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

Veem Ltd Appoints New Director with No Initial Securities Interest
Sep 30, 2025

Veem Ltd has announced the appointment of David Singleton as a director, effective from September 30, 2025. The initial director’s interest notice indicates that Singleton currently holds no relevant interests in securities, either as a registered holder or otherwise, and has no interests in contracts related to the company.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

Veem Ltd Announces Proposed Securities Issue
Sep 30, 2025

Veem Ltd has announced a proposed issue of 10,769,231 ordinary fully paid securities, with a planned issue date of October 8, 2025. This move is part of a placement or other type of issue, as per the company’s announcement to the ASX. The issuance of these securities is intended to be quoted on the ASX, potentially impacting the company’s market operations and positioning.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

Veem Ltd Issues Capital Raise Presentation with Disclaimers
Sep 30, 2025

Veem Ltd has released a document related to a capital raise presentation, emphasizing that it is not an offer or advertisement for securities. The document highlights that it does not constitute a recommendation or invitation to purchase shares and underscores the absence of liability for the information provided. The release also includes disclaimers about forward-looking statements, emphasizing the inherent risks and uncertainties, and advises potential investors to conduct their own assessments.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Limited Strengthens Board with New Appointment
Sep 30, 2025

VEEM Limited announced the appointment of David Singleton as an independent Non-Executive Director, effective 30 September 2025, while Michael Bailey will retire at the 2025 AGM. Singleton brings over 40 years of engineering and leadership experience, particularly in the defence sector, which aligns with VEEM’s strategic focus on expanding its defence market involvement. His appointment is expected to provide valuable insights and contribute to VEEM’s growth in international defence markets, enhancing its industry positioning.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Limited Secures $14 Million for Defense Expansion and Signs Key U.S. Defense Agreements
Sep 30, 2025

VEEM Limited has successfully completed a $14 million placement to accelerate its growth in the defense sector. The funds will be used to strengthen working capital and balance sheet, as well as to capitalize on increasing defense expenditure. VEEM has signed a 9-year Manufacturing Licence Agreement with Northrop Grumman, valued initially at up to US$33 million, allowing it to supply parts for the Virginia Class submarine program. Additionally, VEEM has achieved Level 1 accreditation with Huntington Ingalls Incorporated, positioning itself as a key supplier in the U.S. defense industry. These developments enhance VEEM’s market positioning and offer significant opportunities for growth within the global defense sector.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Limited Initiates Trading Halt for Capital Raising and Contract Announcement
Sep 26, 2025

VEEM Limited has requested a trading halt on its securities as it prepares to announce a proposed capital raising and a significant customer contract. This strategic move is expected to impact the company’s operations and market positioning, potentially influencing stakeholder interests and future growth prospects.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Limited Secures Supplier Status with Huntington Ingalls
Aug 20, 2025

VEEM Limited has achieved approved supplier status with Huntington Ingalls Incorporated Newport News Shipbuilding, a significant milestone that allows it to receive requests for quotations for the US Submarine Industrial Base. This achievement, facilitated by the Australian Submarine Supplier Qualification program, positions VEEM to enter the US defense supply chain, enhancing its reputation and opening new business opportunities in the defense sector.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$1.90 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Secures $65 Million Defense Contract Renewal with ASC
Aug 11, 2025

VEEM Limited has secured a six-year, $65 million contract renewal with ASC Pty Ltd to supply critical components for Australia’s Collins Class submarines, reinforcing its longstanding relationship and reputation in the defense sector. The contract is expected to boost orders in FY26, particularly in the second half, aligning with the company’s growth trajectory and strategic focus on the defense segment, despite a recent decline in ASC revenue.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$2.25 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

VEEM Limited to Announce FY25 Financial Results and Host Webinar
Aug 8, 2025

VEEM Limited announced it will release its financial results for the year ending 30 June 2025 on 21 August 2025. The company will also host a webinar on the same day to present the results, featuring presentations from key executives, which may impact stakeholders’ understanding of the company’s financial health and market positioning.

The most recent analyst rating on (AU:VEE) stock is a Buy with a A$2.25 price target. To see the full list of analyst forecasts on Veem Ltd stock, see the AU:VEE Stock Forecast page.

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.Date of analysis: Oct 23, 2025