Want to see AU:VEE full AI Analyst Report?
Top Page
Veem Ltd
(Sydney:VEE)
Select Model
Select Model
Rating:52Neutral
Price Target:
AU$0.50
▼(-10.71% 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 leverage and substantial equity relative to assets provide a stronger capital base than in prior years. This improves financial flexibility and may help Veem absorb operating volatility or fund necessary investment without relying as heavily on additional borrowing.
Negative Factors
Revenue contraction
A substantial decline in revenue weakens operating leverage and reduces the scale available to cover fixed costs, making a return to sustainable profitability more difficult. Continued contraction would also constrain reinvestment and signal pressure on demand or business activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Lower leverage and substantial equity relative to assets provide a stronger capital base than in prior years. This improves financial flexibility and may help Veem absorb operating volatility or fund necessary investment without relying as heavily on additional borrowing.
Read all positive factors
Veem Ltd (VEE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$72.64M
Dividend Yield1.2%
Average Volume (3M)41.23K
Price to Earnings (P/E)―
Beta (1Y)1.37
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. Volume48,552
30 Day Avg. Volume41,230
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$65.60M
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...
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 | 9.05M | 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
Negative
0.56
Price Trends
0.52
Negative
0.53
Negative
0.55
Negative
Market Momentum
>-0.01
Positive
46.80
Neutral
30.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VEE, the sentiment is Negative. The current price of 0.56 is above the 20-day moving average (MA) of 0.52, above the 50-day MA of 0.52, and above the 200-day MA of 0.55, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.80 is Neutral, neither overbought nor oversold. The STOCH value of 30.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$1.67B | 18.83 | 29.94% | 4.53% | 10.49% | 5.31% | |
70 Outperform | AU$281.30M | 15.30 | 10.76% | 3.82% | 15.47% | 60.30% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | AU$193.78M | 53.46 | 11.79% | 0.91% | 18.25% | 2.90% | |
52 Neutral | AU$72.64M | -3.82 | -36.52% | 1.20% | -24.91% | -672.97% | |
49 Neutral | AU$51.58M | -5.69 | -8.44% | 9.71% | -28.17% | 27.32% | |
43 Neutral | AU$6.75M | -10.00 | -39.38% | ― | 8.65% | 55.56% |
* Industrials Sector Average
AU:VEE
Veem Ltd
0.50
-0.92
-65.02%
AU:SIQ
Smartgroup Corporation Ltd
12.15
4.54
59.68%
AU:CUP
Countplus Limited
1.31
0.29
27.80%
AU:KPG
Kelly Partners Group Holdings Ltd.
4.28
-5.82
-57.62%
AU:HMI
Hiremii Ltd.
0.03
>-0.01
-15.79%
AU:PPE
Peoplein Limited
0.51
-0.41
-44.57%
Veem Ltd Corporate Events
Veem shareholders back all resolutions at annual meeting
Oct 20, 2026
Veem Limited has reported that all resolutions put to shareholders at its latest annual general meeting were passed by poll, including the adoption of the remuneration report and the re-election of directors Angus Murnaghan and John Bradley Miocev...
Veem underscores regulatory caution in 2026 AGM investor presentation
Oct 20, 2026
Veem Ltd used its 2026 AGM presentation to brief investors on its operations and strategic positioning, while stressing that the material should not be treated as an offer or solicitation to buy securities. The company reiterated legal and regulat...
Veem Secures Landmark Virginia-Class Submarine Orders as First AUSSQ-Qualified Australian Supplier
Oct 20, 2026
Veem Ltd has become the first AUSSQ-qualified Australian supplier to secure purchase orders from U.S. defence contractor HII for the Virginia-class submarine new-build program. The initial orders, valued at about A$0.8 million, follow more than a ...
Veem Ltd cancels 133,581 lapsed performance rights
Oct 5, 2026
Veem Ltd has announced the cessation of 133,581 performance rights, classified under the ASX security code VEEAA, following the lapse of conditional rights that could not be satisfied. The move slightly reduces the company’s pool of outstand...
Veem Ltd Outlines Governance Structure and Corporate Framework
Sep 18, 2026
Veem Ltd has released its latest annual corporate information, detailing its governance structure and key professional relationships. The company outlines its board composition, including a mix of executive and independent non-executive directors,...
Veem formalises governance framework in updated corporate statement
Sep 18, 2026
Veem Ltd has released an updated Corporate Governance Statement outlining how it aligns with the ASX Corporate Governance Council’s fourth edition principles and recommendations. The company explains that while most recommendations are follo...
Veem sets October AGM and offers facility tours to shareholders
Sep 18, 2026
Veem Ltd has dispatched the Notice of Meeting for its upcoming Annual General Meeting to shareholders, with the AGM scheduled for 3:00 p.m. AWST on 20 October 2026 at the company’s gyrostabilizer facility in Canning Vale, Western Australia. ...
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...
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.