Veem Ltd (VEE) AI Stock Analysis

• Market Cap: AU$213.86M
• Dividend Yield: 0.68%
• Average Volume (3M): 379.90K
• Price to Earnings (P/E): 66.0
• Beta (1Y): 1.40
• Revenue Growth: -14.88%
• EPS Growth: -56.89%
• Country: AU
• Employees: 180
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): 0.01
• Shares Outstanding: 145,980,150
• 10 Day Avg. Volume: 713,114
• 30 Day Avg. Volume: 379,897
• PEG Ratio: -0.65
• Price to Book (P/B): 2.07
• Price to Sales (P/S): 1.63
• P/FCF Ratio: 33.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.68
• Price Target Upside: 9.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 66 Neutral
• Price Target: AU$2.00 ▲(29.87% Upside)

Veem Ltd's overall stock score reflects a balance of strong technical momentum and financial performance concerns. The stock shows bullish technical indicators, but financial challenges such as declining revenue and cash flow issues weigh on the score. The high P/E ratio suggests overvaluation, further impacting the overall assessment.

Veem Ltd Business Overview & Revenue Model

Company Description

Veem Ltd (VEE) is a financial technology company that specializes in providing a platform for businesses to make and receive payments across borders. Operating primarily in the fintech sector, Veem offers a suite of services designed to streamline the payment process for small and medium-sized enterprises (SMEs), including foreign exchange solutions, payment tracking, and invoicing services. The company leverages blockchain technology to facilitate faster, more secure transactions, thereby enhancing the efficiency of international payments.

How the Company Makes Money

Veem 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

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

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

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.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	68.63M	68.62M	80.53M	59.54M	54.20M	59.45M
Gross Profit	25.46M	40.80M	44.75M	10.26M	6.55M	9.92M
EBITDA	8.06M	6.64M	14.78M	9.95M	6.14M	10.32M
Net Income	3.00M	3.02M	6.99M	4.11M	1.27M	4.91M
Balance Sheet
Total Assets	97.22M	97.22M	93.97M	91.50M	80.80M	70.28M
Cash, Cash Equivalents and Short-Term Investments	813.36K	813.36K	170.56K	2.42M	2.63M	2.23M
Total Debt	22.32M	22.32M	21.98M	26.17M	21.67M	20.04M
Total Liabilities	42.93M	42.93M	41.68M	44.68M	37.20M	33.66M
Stockholders Equity	54.29M	54.29M	52.28M	46.82M	43.60M	36.62M
Cash Flow
Free Cash Flow	3.98M	3.33M	5.13M	933.08K	-2.43M	2.74M
Operating Cash Flow	4.29M	4.27M	8.36M	6.12M	2.52M	6.29M
Investing Cash Flow	-1.74M	-1.74M	-3.23M	-5.19M	-4.82M	-3.55M
Financing Cash Flow	-4.42M	-4.42M	-7.38M	-1.17M	2.59M	-4.05M

Veem Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VEE, the sentiment is Positive. The current price of 1.54 is above the 20-day moving average (MA) of 1.47, above the 50-day MA of 1.26, and above the 200-day MA of 1.00, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 56.11 is Neutral, neither overbought nor oversold. The STOCH value of 12.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:VEE.

Veem Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WWG	78 Outperform	AU$37.59M	8.40	20.77%	4.55%	66.80%	625.00%
ASB	73 Outperform	$3.54B	36.11	7.54%	―	24.13%	474.03%
VEE	66 Neutral	AU$213.86M	65.99	5.66%	0.68%	-14.88%	-56.89%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
EOS	55 Neutral	$1.66B	46.91	-28.75%	―	-72.88%	―
OEC	55 Neutral	$47.45M	57.41	-42.31%	―	-34.48%	-26000.00%
AVA	46 Neutral	AU$22.68M	―	-25.77%	―	4.84%	-12.12%

Veem Ltd Corporate Events

VEEM Limited Announces Resignation of Joint Company Secretary

VEEM Limited, listed on the Australian Securities Exchange under the ticker VEE, has announced the resignation of Mr. David Rich from his position as Joint Company Secretary, effective June 30, 2025. Mr. Tino Kapfumo will continue as the sole Company Secretary, maintaining his role as the primary contact for ASX communications. This change in the company’s executive team may influence its administrative operations, but the continuation of Mr. Kapfumo ensures stability in ASX-related communications.

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 Ltd Issues Investor Presentation with Important Disclaimers

Veem Ltd has released a document that serves as an investor presentation, highlighting that it is not an offer or advertisement for securities. The document emphasizes that it should not be used as a basis for investment decisions and does not constitute financial advice. It also clarifies that the information provided is general in nature and advises potential investors to conduct their own investigations and seek appropriate advice. The document includes disclaimers about the accuracy of forward-looking statements and the company’s liability for the information provided.

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 Secures $2 Million in Defense Grants to Boost Manufacturing Capacity

VEEM Limited has been awarded $2 million in grants under the Defence Industry Development Grants Program to enhance its manufacturing capabilities for the defense sector. The funding will be used to purchase and install a 3D sand printer and a multi-axis CNC machine, which will aid in the production of critical components for naval vessels, including nuclear-powered submarines. This expansion is part of VEEM’s strategic efforts to increase its capacity and capability in the defense industry, aligning with opportunities from the AUKUS agreement and other naval shipbuilding programs.

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.