Veem Ltd (AU:VEE)
ASX:VEE
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Veem Ltd
(Sydney:VEE)
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Rating:56Neutral
Price Target:
AU$0.61
▲(4.83% Upside)
Action:Reiterated
Date:06/10/26
The score is driven primarily by middling financial performance: improving leverage is a positive, but the latest year showed weaker revenue, margins, ROE, and cash-flow conversion. Technicals are mixed with short-term support but a broader downtrend and negative MACD. Valuation is a drag due to a negative P/E and no dividend yield.
Positive Factors
Improving leverage and balance-sheet strength
A materially lower debt-to-equity ratio and rising equity provide durable financial flexibility: reduced default risk, better borrowing terms and greater capacity to fund strategic investment or absorb shocks without needing urgent external financing, supporting long-term stability.
Negative Factors
Recent material revenue decline
Sustained or recurring revenue declines erode scale, weaken pricing leverage and magnify fixed-cost absorption problems. Over months, top-line shrinkage constrains reinvestment, raises breakeven risks and heightens execution pressure on management to restore growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage and balance-sheet strength
A materially lower debt-to-equity ratio and rising equity provide durable financial flexibility: reduced default risk, better borrowing terms and greater capacity to fund strategic investment or absorb shocks without needing urgent external financing, supporting long-term stability.
Read all positive factors
Veem Ltd (VEE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$83.65M
Dividend Yield1.28%
Average Volume (3M)394.18K
Price to Earnings (P/E)―
Beta (1Y)1.51
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$0.88Price Target Upside50.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$51.48M
Veem Ltd Business Overview & Revenue Model
Company Description
VEEM Ltd specializes in the production and distribution of marine propulsion and stabilization systems. Its diverse product portfolio includes gyroscopic stabilizers, precision CNC-machined monobloc propellers, robust shaft lines, and advanced mar...
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
Positive
0.58
Price Trends
0.53
Positive
0.56
Positive
0.83
Negative
Market Momentum
0.01
Negative
54.88
Neutral
57.46
Neutral
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 0.58 is above the 20-day moving average (MA) of 0.53, above the 50-day MA of 0.53, and below the 200-day MA of 0.83, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 54.88 is Neutral, neither overbought nor oversold. The STOCH value of 57.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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$49.93M | 13.06 | 15.85% | 4.55% | 41.51% | 432.79% | |
65 Neutral | AU$1.88B | 19.57 | 7.21% | ― | 33.61% | 209.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | AU$83.65M | -4.58 | -34.30% | 1.28% | -23.73% | -473.80% | |
52 Neutral | AU$2.02B | 96.83 | 7.19% | ― | -27.25% | ― | |
48 Neutral | AU$11.35M | -1.49 | -36.07% | ― | -13.33% | -144.86% | |
41 Neutral | AU$27.80M | -7.09 | -41.28% | ― | -5.85% | -777.78% |
* Industrials Sector Average
AU:VEE
Veem Ltd
0.57
-0.13
-17.99%
AU:ASB
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Veem Ltd Corporate Events
Veem outlines investor roadshow under strict legal and risk disclaimers
Jun 8, 2026
Veem Ltd has released an investor roadshow presentation dated 9 June 2026, framed by extensive legal and regulatory disclaimers that emphasise the document is not a prospectus, offer, or solicitation to buy or sell shares. The company underlines t...
Veem completes factory expansion and lifts FY26 outlook on defence-led rebound
Jun 8, 2026
Veem Limited has completed construction of a 1,000 square metre factory extension in Western Australia, creating capacity for new CNC machines and future equipment to support growth in propulsion, defence and engineering lines. The company has als...
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.