VECO Valuation

Veeco Instruments Inc

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28.400

+1.25(4.604%)1D

Overview
Forecast
Valuation
Earnings

VECO Relative Valuation

VECO's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, VECO is overvalued; if below, it's undervalued.

Historical Valuation

Veeco Instruments Inc (VECO) is now in the Overvalued zone, suggesting that its current forward PE ratio of 21.76 is considered Overvalued compared with the five-year average of 16.59. The fair price of Veeco Instruments Inc (VECO) is between 20.30 to 25.66 according to relative valuation methord. Compared to the current price of 27.15 USD , Veeco Instruments Inc is Overvalued By 5.81%.

Relative Value

Fair Zone

20.30-25.66

Current Price：27.15

5.81%

Overvalued

21.76

Trailing

Forward

15.09

EV/EBITDA

Veeco Instruments Inc. (VECO) has a current EV/EBITDA of 15.09. The 5-year average EV/EBITDA is 12.51. The thresholds are as follows: Strongly Undervalued below 7.45, Undervalued between 7.45 and 9.98, Fairly Valued between 15.04 and 9.98, Overvalued between 15.04 and 17.57, and Strongly Overvalued above 17.57. The current Forward EV/EBITDA of 15.09 falls within the Overvalued range.

36.16

EV/EBIT

Veeco Instruments Inc. (VECO) has a current EV/EBIT of 36.16. The 5-year average EV/EBIT is 20.61. The thresholds are as follows: Strongly Undervalued below 10.95, Undervalued between 10.95 and 15.78, Fairly Valued between 25.44 and 15.78, Overvalued between 25.44 and 30.28, and Strongly Overvalued above 30.28. The current Forward EV/EBIT of 36.16 falls within the Strongly Overvalued range.

2.41

Veeco Instruments Inc. (VECO) has a current PS of 2.41. The 5-year average PS is 2.02. The thresholds are as follows: Strongly Undervalued below 1.07, Undervalued between 1.07 and 1.54, Fairly Valued between 2.49 and 1.54, Overvalued between 2.49 and 2.97, and Strongly Overvalued above 2.97. The current Forward PS of 2.41 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

Veeco Instruments Inc. (VECO) has a current P/OCF of 0.00. The 5-year average P/OCF is 5.77. The thresholds are as follows: Strongly Undervalued below -21.56, Undervalued between -21.56 and -7.90, Fairly Valued between 19.43 and -7.90, Overvalued between 19.43 and 33.09, and Strongly Overvalued above 33.09. The current Forward P/OCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/FCF

Veeco Instruments Inc. (VECO) has a current P/FCF of 0.00. The 5-year average P/FCF is 11.30. The thresholds are as follows: Strongly Undervalued below -46.52, Undervalued between -46.52 and -17.61, Fairly Valued between 40.21 and -17.61, Overvalued between 40.21 and 69.12, and Strongly Overvalued above 69.12. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

Veeco Instruments Inc (VECO) has a current Price-to-Book (P/B) ratio of 1.91. Compared to its 3-year average P/B ratio of 2.27 , the current P/B ratio is approximately -15.97% higher. Relative to its 5-year average P/B ratio of 2.43, the current P/B ratio is about -21.38% higher. Veeco Instruments Inc (VECO) has a Forward Free Cash Flow (FCF) yield of approximately 3.45%. Compared to its 3-year average FCF yield of 4.01%, the current FCF yield is approximately -14.16% lower. Relative to its 5-year average FCF yield of 3.68% , the current FCF yield is about -6.45% lower.

1.91

P/B

Median3y

2.27

Median5y

2.43

3.45

FCF Yield

Median3y

4.01

Median5y

3.68

Competitors Valuation Multiple

The average P/S ratio for VECO's competitors is 1.64, providing a benchmark for relative valuation. Veeco Instruments Inc Corp (VECO) exhibits a P/S ratio of 2.41, which is 47.00% above the industry average. Given its robust revenue growth of -5.56%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

VECO.O

Veeco Instruments Inc

Benchmark Electronics Inc

Vishay Intertechnology Inc

0.66

2.83%

2.14B

Performance Decomposition

Market capitalization of VECO decreased by 18.05% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 25.47 to 26.61.

The secondary factor is the Revenue Growth, contributed -5.56%to the performance.

Overall, the performance of VECO in the past 1 year is driven by P/E Change. Which is more unsustainable.

-5.56%

175.88M → 166.10M

Revenue Growth

-16.94%

8.50 → 7.06

Margin Expansion

4.45%

25.47 → 26.61

P/E Change

-18.05%