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 Undervalued zone, suggesting that its current forward PE ratio of 17.46 is considered Undervalued compared with the five-year average of 16.45. The fair price of Veeco Instruments Inc (VECO) is between 24.14 to 29.18 according to relative valuation methord. Compared to the current price of 20.44 USD , Veeco Instruments Inc is Undervalued By 15.31%.
Relative Value
Fair Zone
24.14-29.18
Current Price：20.44
15.31%
Undervalued
17.46
PE
1Y
3Y
5Y
Trailing
Forward
11.59
EV/EBITDA
Veeco Instruments Inc. (VECO) has a current EV/EBITDA of 11.59. The 5-year average EV/EBITDA is 12.39. The thresholds are as follows: Strongly Undervalued below 7.24, Undervalued between 7.24 and 9.82, Fairly Valued between 14.97 and 9.82, Overvalued between 14.97 and 17.54, and Strongly Overvalued above 17.54. The current Forward EV/EBITDA of 11.59 falls within the Historic Trend Line -Fairly Valued range.
36.07
EV/EBIT
Veeco Instruments Inc. (VECO) has a current EV/EBIT of 36.07. The 5-year average EV/EBIT is 20.41. The thresholds are as follows: Strongly Undervalued below 10.96, Undervalued between 10.96 and 15.69, Fairly Valued between 25.13 and 15.69, Overvalued between 25.13 and 29.85, and Strongly Overvalued above 29.85. The current Forward EV/EBIT of 36.07 falls within the Strongly Overvalued range.
1.93
PS
Veeco Instruments Inc. (VECO) has a current PS of 1.93. The 5-year average PS is 2.00. The thresholds are as follows: Strongly Undervalued below 1.02, Undervalued between 1.02 and 1.51, Fairly Valued between 2.48 and 1.51, Overvalued between 2.48 and 2.97, and Strongly Overvalued above 2.97. The current Forward PS of 1.93 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 6.98. The thresholds are as follows: Strongly Undervalued below -23.27, Undervalued between -23.27 and -8.14, Fairly Valued between 22.10 and -8.14, Overvalued between 22.10 and 37.22, and Strongly Overvalued above 37.22. 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 15.77. The thresholds are as follows: Strongly Undervalued below -61.60, Undervalued between -61.60 and -22.92, Fairly Valued between 54.45 and -22.92, Overvalued between 54.45 and 93.14, and Strongly Overvalued above 93.14. 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 1.47. Compared to its 3-year average P/B ratio of 2.31 , the current P/B ratio is approximately -36.47% higher. Relative to its 5-year average P/B ratio of 2.42, the current P/B ratio is about -39.45% higher. Veeco Instruments Inc (VECO) has a Forward Free Cash Flow (FCF) yield of approximately 4.46%. Compared to its 3-year average FCF yield of 3.96%, the current FCF yield is approximately 12.46% lower. Relative to its 5-year average FCF yield of 3.63% , the current FCF yield is about 22.64% lower.
1.47
P/B
Median3y
2.31
Median5y
2.42
4.46
FCF Yield
Median3y
3.96
Median5y
3.63
Competitors Valuation Multiple
The average P/S ratio for VECO's competitors is 2.69, providing a benchmark for relative valuation. Veeco Instruments Inc Corp (VECO) exhibits a P/S ratio of 1.93, which is -28.44% above the industry average. Given its robust revenue growth of -4.12%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of VECO decreased by 42.41% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 18.33 to 19.18.
The secondary factor is the Revenue Growth, contributed -4.12%to the performance.
Overall, the performance of VECO in the past 1 year is driven by P/E Change. Which is more unsustainable.
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