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Veem Ltd
(Sydney:VEE)
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Rating:52Neutral
Price Target:
AU$0.55
▼(-1.79% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by the major 2026 earnings and margin breakdown despite prior profitability, which materially weakens near-term financial performance. Technicals are neutral with slight bearish bias (below the 200-day average and mildly negative MACD), while valuation is challenging to assess positively because the negative P/E reflects current losses and no dividend yield is provided.
Positive Factors
Manageable Leverage
Lower gearing and substantial equity provide financial flexibility, helping the company absorb operating volatility and fund recovery without the same balance-sheet pressure implied by its historically higher leverage.
Negative Factors
Revenue Contraction
A material decline in revenue weakens operating leverage, customer demand visibility and the base from which future growth must be generated. Sustained contraction could make margin recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Lower gearing and substantial equity provide financial flexibility, helping the company absorb operating volatility and fund recovery without the same balance-sheet pressure implied by its historically higher leverage.
Read all positive factors
Veem Ltd (VEE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$81.45M
Dividend YieldN/A
Average Volume (3M)394.18K
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue Growth-24.91%
EPS Growth-672.97%
CountryAU
Employees180
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
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<0.01
Price to Book (P/B)1.36
Price to Sales (P/S)1.31
P/FCF Ratio19.42
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 Upside51.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.01
Revenue Forecast (FY)AU$65.23M
Veem Ltd Business Overview & Revenue Model
Company Description
VEEM Ltd engages in designing, manufacturing, and selling of marine propulsion and stabilization systems in Australia. It offers gyrostabilizers; CNC machined monobloc propellers; and forever pipe, a piping solution for the processing industry. Th...
How the Company Makes Money
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Veem Ltd Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 51.49M | 68.62M | 80.53M | 59.54M | 54.20M |
| Gross Profit | 5.69M | 40.80M | 44.75M | 10.26M | 6.55M |
| EBITDA | 3.29M | 6.64M | 14.78M | 9.95M | 6.14M |
| Net Income | -17.81M | 3.02M | 6.99M | 4.11M | 1.27M |
Balance Sheet | |||||
| Total Assets | 82.54M | 97.22M | 93.97M | 91.50M | 80.80M |
| Cash, Cash Equivalents and Short-Term Investments | 9.37M | 813.36K | 170.56K | 2.42M | 2.63M |
| Total Debt | 16.91M | 22.32M | 21.98M | 26.17M | 21.67M |
| Total Liabilities | 32.87M | 42.93M | 41.68M | 44.68M | 37.20M |
| Stockholders Equity | 49.67M | 54.29M | 52.28M | 46.82M | 43.60M |
Cash Flow | |||||
| Free Cash Flow | 3.48M | 3.33M | 5.13M | 933.08K | -2.43M |
| Operating Cash Flow | 4.84M | 4.27M | 8.36M | 6.12M | 2.52M |
| Investing Cash Flow | -1.10M | -1.74M | -3.23M | -5.19M | -4.82M |
| Financing Cash Flow | 7.38M | -4.42M | -7.38M | -1.17M | 2.59M |
Veem Ltd Technical Analysis
Positive
0.56
Price Trends
0.54
Positive
0.54
Positive
0.62
Negative
Market Momentum
>-0.01
Negative
55.20
Neutral
64.58
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 0.56 is above the 20-day moving average (MA) of 0.53, above the 50-day MA of 0.54, and below the 200-day MA of 0.62, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.20 is Neutral, neither overbought nor oversold. The STOCH value of 64.58 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$1.46B | 16.25 | 29.94% | 3.82% | 10.49% | 5.31% | |
70 Outperform | AU$326.47M | 17.82 | 10.76% | 4.47% | 15.47% | 60.30% | |
64 Neutral | AU$210.53M | 59.62 | 11.79% | ― | 18.25% | 2.90% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | AU$81.45M | -4.32 | -36.52% | ― | -24.91% | -672.97% | |
51 Neutral | AU$75.52M | -8.65 | -6.36% | ― | -19.61% | -81.96% | |
50 Neutral | AU$8.22M | -12.19 | -39.38% | ― | 8.65% | 55.56% |
* Industrials Sector Average
AU:VEE
Veem Ltd
0.56
-0.57
-50.45%
AU:SIQ
Smartgroup Corporation Ltd
10.56
2.00
23.39%
AU:CUP
Countplus Limited
1.53
0.57
59.35%
AU:KPG
Kelly Partners Group Holdings Ltd.
4.65
-6.40
-57.92%
AU:HMI
Hiremii Ltd.
0.04
>-0.01
-15.22%
AU:PPE
Peoplein Limited
0.69
-0.02
-2.82%
Veem Ltd Corporate Events
VEEM sets October AGM, invites shareholders to tour defence and marine facilities
Aug 27, 2026
VEEM Limited has scheduled its Annual General Meeting for 3 p.m. AWST on 20 October 2026 in Canning Vale, Western Australia, and set 7 September 2026 as the deadline for director nominations, which must be lodged at its registered office by 5 p.m....
Veem Ltd Releases FY26 Investor Presentation With Strong Disclaimers
Aug 26, 2026
Veem Ltd has released its FY26 results presentation dated 27 August 2026, outlining performance and investor information for the period. The document is framed strictly as an informational investor presentation, explicitly stating that it is not a...
VEEM CEO Steps Down as Managing Director Reaffirms FY27 Growth Strategy
Jul 27, 2026
VEEM Limited has announced that Chief Executive Officer Trevor Raman will step down to pursue other career opportunities, with Managing Director Mark Miocevich overseeing the transition and retaining executive leadership of the company. The leader...
Veem to unveil FY26 results with investor webinar on 27 August
Jul 23, 2026
Veem Limited has scheduled the release of its financial results for the year ended 30 June 2026 on 27 August 2026, underscoring the company’s ongoing transparency with investors as it advances its marine propulsion and gyro stabiliser busine...
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.