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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 240.32
VECO's Cash to Debt is ranked higher than
75% of the 857 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.73 vs. VECO: 240.32 )
Ranked among companies with meaningful Cash to Debt only.
VECO' s Cash to Debt Range Over the Past 10 Years
Min: 0.44  Med: 2.96 Max: No Debt
Current: 240.32
Equity to Asset 0.80
VECO's Equity to Asset is ranked higher than
77% of the 852 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.64 vs. VECO: 0.80 )
Ranked among companies with meaningful Equity to Asset only.
VECO' s Equity to Asset Range Over the Past 10 Years
Min: 0.44  Med: 0.64 Max: 0.88
Current: 0.8
0.44
0.88
F-Score: 7
Z-Score: 3.22
M-Score: -2.69
WACC vs ROIC
4.26%
-8.79%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating margin (%) -4.97
VECO's Operating margin (%) is ranked lower than
76% of the 854 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.25 vs. VECO: -4.97 )
Ranked among companies with meaningful Operating margin (%) only.
VECO' s Operating margin (%) Range Over the Past 10 Years
Min: -21.65  Med: -2.48 Max: 29.74
Current: -4.97
-21.65
29.74
Net-margin (%) -6.22
VECO's Net-margin (%) is ranked lower than
76% of the 855 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.20 vs. VECO: -6.22 )
Ranked among companies with meaningful Net-margin (%) only.
VECO' s Net-margin (%) Range Over the Past 10 Years
Min: -17.04  Med: -4.20 Max: 38.76
Current: -6.22
-17.04
38.76
ROE (%) -3.97
VECO's ROE (%) is ranked lower than
74% of the 838 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.55 vs. VECO: -3.97 )
Ranked among companies with meaningful ROE (%) only.
VECO' s ROE (%) Range Over the Past 10 Years
Min: -28.5  Med: -4.86 Max: 64.51
Current: -3.97
-28.5
64.51
ROA (%) -3.10
VECO's ROA (%) is ranked lower than
74% of the 862 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.45 vs. VECO: -3.10 )
Ranked among companies with meaningful ROA (%) only.
VECO' s ROA (%) Range Over the Past 10 Years
Min: -14.82  Med: -3.06 Max: 41.26
Current: -3.1
-14.82
41.26
ROC (Joel Greenblatt) (%) -26.18
VECO's ROC (Joel Greenblatt) (%) is ranked lower than
84% of the 860 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 7.69 vs. VECO: -26.18 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
VECO' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -92.49  Med: -5.39 Max: 250.13
Current: -26.18
-92.49
250.13
Revenue Growth (3Y)(%) -3.20
VECO's Revenue Growth (3Y)(%) is ranked lower than
62% of the 740 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.70 vs. VECO: -3.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
VECO' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -27  Med: -3.20 Max: 19.2
Current: -3.2
-27
19.2
EBITDA Growth (3Y)(%) -32.30
VECO's EBITDA Growth (3Y)(%) is ranked lower than
89% of the 540 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.00 vs. VECO: -32.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
VECO' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -60.9  Med: -1.90 Max: 129.5
Current: -32.3
-60.9
129.5
» VECO's 10-Y Financials

Financials (Next Earnings Date: 2016-08-01)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q3 2015

VECO Guru Trades in Q3 2015

Jim Simons 642,100 sh (+134.26%)
FPA Capital Fund 792,390 sh (+121.69%)
First Pacific Advisors 1,568,075 sh (+103.54%)
Chuck Royce 2,208,281 sh (+9.69%)
Murray Stahl Sold Out
Ken Fisher 1,830,608 sh (-3.11%)
» More
Q4 2015

VECO Guru Trades in Q4 2015

Joel Greenblatt 20,189 sh (New)
Paul Tudor Jones 49,663 sh (New)
Barrow, Hanley, Mewhinney & Strauss 87,748 sh (New)
Arnold Schneider 97,031 sh (New)
Jim Simons 1,088,360 sh (+69.50%)
FPA Capital Fund 830,928 sh (+4.86%)
First Pacific Advisors 1,628,053 sh (+3.82%)
Ken Fisher 1,828,598 sh (-0.11%)
Chuck Royce 190,472 sh (-91.37%)
» More
Q1 2016

VECO Guru Trades in Q1 2016

Arnold Schneider 196,911 sh (+102.94%)
Barrow, Hanley, Mewhinney & Strauss 135,465 sh (+54.38%)
Jim Simons 1,290,500 sh (+18.57%)
FPA Capital Fund 903,340 sh (+8.71%)
First Pacific Advisors 1,740,820 sh (+6.93%)
Joel Greenblatt Sold Out
Ken Fisher 1,802,323 sh (-1.44%)
Paul Tudor Jones 17,692 sh (-64.38%)
Chuck Royce 2,500 sh (-98.69%)
» More
Q2 2016

VECO Guru Trades in Q2 2016

FPA Capital Fund 962,000 sh (+6.49%)
» More
» Details

Insider Trades

Latest Guru Trades with VECO

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Semiconductors » Semiconductor Equipment & Materials
Compare:NAS:UTEK, OTCPK:NDCVF, NAS:AIXG, NAS:PLAB, OTCPK:IGNMF, OTCPK:OXINF, NAS:NANO, NAS:BRKS, NAS:IMOS, NAS:KLIC, OTCPK:RNWEY, NAS:CSCD, OTCPK:BESIY, NYSE:PKE, NAS:XCRA, NAS:ACLS, NAS:NVMI, NAS:COHU, NAS:MTSN, NYSE:DQ » details
Traded in other countries:VEO.Germany,
Veeco Instruments Inc design, manufacture, and market thin film equipment. The Company's equipment are sold to make electronic devices including LED, power electronics, wireless devises, hard disk drives and semiconductors.

Veeco Instruments Inc was organized as a Delaware corporation in 1989. The Company through its subsidiaries creates Process Equipment solutions that enable technologies for a cleaner and more productive world. The Company designs, manufactures and markets equipment sold to make light emitting diodes and hard-disk drives, as well as for emerging applications such as concentrator photovoltaics, power semiconductors, wireless components, micro-electromechanical systems, and other next-generation devices. LED & Solar segment designs and manufactures metal organic chemical vapor deposition and molecular beam epitaxy systems and components sold to manufacturers of LEDs, wireless devices, power semiconductors, and concentrator photovoltaics, as well as to R&D applications. Data Storage segment designs and manufactures the critical technologies used to create thin film magnetic heads that read and write data on hard disk drives. These technologies include ion beam etch, ion beam deposition, diamond-like carbon, physical vapor deposition, chemical vapor deposition, and slicing, dicing and lapping systems. The Company sells its products and services through various strategically located sales and service facilities in the U.S., Europe and Asia Pacific. The Company sells its products to many of the many HB LED, solar and hard drive manufacturers as well as to customers in other industries, research centers, and universities. It currently outsources certain functions to third parties, including the manufacture of all or substantially all of its new MOCVD systems, Data Storage systems and ion sources. The Company competes with manufacturers such as Aixtron, Applied Materials, Canon Anelva Corporation, DCA Instruments, Leybold Optics, Oerlikon Balzers, Oxford Instruments, Toyo Nippon Sanso and Riber. The Company is subject to environmental, health and safety regulations in connection with its business operations, including but not limited to regulations related to the development, manufacture, and use of its products.

Top Ranked Articles about Veeco Instruments Inc

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Ratios

vs
industry
vs
history
P/B 0.97
VECO's P/B is ranked higher than
74% of the 878 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.61 vs. VECO: 0.97 )
Ranked among companies with meaningful P/B only.
VECO' s P/B Range Over the Past 10 Years
Min: 0.48  Med: 1.86 Max: 4.99
Current: 0.97
0.48
4.99
P/S 1.49
VECO's P/S is ranked higher than
50% of the 880 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.48 vs. VECO: 1.49 )
Ranked among companies with meaningful P/S only.
VECO' s P/S Range Over the Past 10 Years
Min: 0.3  Med: 1.74 Max: 4.66
Current: 1.49
0.3
4.66
EV-to-EBITDA 20.52
VECO's EV-to-EBITDA is ranked lower than
72% of the 668 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 11.70 vs. VECO: 20.52 )
Ranked among companies with meaningful EV-to-EBITDA only.
VECO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -150  Med: 6.20 Max: 201
Current: 20.52
-150
201
Shiller P/E 29.27
VECO's Shiller P/E is ranked higher than
68% of the 102 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 38.91 vs. VECO: 29.27 )
Ranked among companies with meaningful Shiller P/E only.
VECO' s Shiller P/E Range Over the Past 10 Years
Min: 27.72  Med: 54.17 Max: 1471
Current: 29.27
27.72
1471
Current Ratio 3.29
VECO's Current Ratio is ranked higher than
65% of the 851 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.45 vs. VECO: 3.29 )
Ranked among companies with meaningful Current Ratio only.
VECO' s Current Ratio Range Over the Past 10 Years
Min: 2.31  Med: 3.35 Max: 7.31
Current: 3.29
2.31
7.31
Quick Ratio 2.80
VECO's Quick Ratio is ranked higher than
68% of the 851 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.86 vs. VECO: 2.80 )
Ranked among companies with meaningful Quick Ratio only.
VECO' s Quick Ratio Range Over the Past 10 Years
Min: 1.44  Med: 2.52 Max: 6.72
Current: 2.8
1.44
6.72
Days Inventory 89.21
VECO's Days Inventory is ranked lower than
57% of the 823 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 78.19 vs. VECO: 89.21 )
Ranked among companies with meaningful Days Inventory only.
VECO' s Days Inventory Range Over the Past 10 Years
Min: 61.27  Med: 100.25 Max: 148.22
Current: 89.21
61.27
148.22
Days Sales Outstanding 44.83
VECO's Days Sales Outstanding is ranked higher than
70% of the 785 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 58.94 vs. VECO: 44.83 )
Ranked among companies with meaningful Days Sales Outstanding only.
VECO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.21  Med: 52.50 Max: 71.66
Current: 44.83
26.21
71.66
Days Payable 39.55
VECO's Days Payable is ranked lower than
62% of the 774 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 47.66 vs. VECO: 39.55 )
Ranked among companies with meaningful Days Payable only.
VECO' s Days Payable Range Over the Past 10 Years
Min: 24.03  Med: 38.20 Max: 60
Current: 39.55
24.03
60

Valuation & Return

vs
industry
vs
history
Price/Net Cash 3.82
VECO's Price/Net Cash is ranked higher than
77% of the 311 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9.40 vs. VECO: 3.82 )
Ranked among companies with meaningful Price/Net Cash only.
VECO' s Price/Net Cash Range Over the Past 10 Years
Min: 2.55  Med: 4.56 Max: 82.09
Current: 3.82
2.55
82.09
Price/Net Current Asset Value 1.96
VECO's Price/Net Current Asset Value is ranked higher than
77% of the 615 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.88 vs. VECO: 1.96 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
VECO' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 1.39  Med: 4.76 Max: 259.44
Current: 1.96
1.39
259.44
Price/Tangible Book 1.51
VECO's Price/Tangible Book is ranked higher than
56% of the 850 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.78 vs. VECO: 1.51 )
Ranked among companies with meaningful Price/Tangible Book only.
VECO' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.06  Med: 3.34 Max: 9.81
Current: 1.51
1.06
9.81
Price/Projected FCF 0.67
VECO's Price/Projected FCF is ranked higher than
85% of the 495 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.32 vs. VECO: 0.67 )
Ranked among companies with meaningful Price/Projected FCF only.
VECO' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.52  Med: 1.88 Max: 103.17
Current: 0.67
0.52
103.17
Price/Median PS Value 0.86
VECO's Price/Median PS Value is ranked higher than
71% of the 857 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.05 vs. VECO: 0.86 )
Ranked among companies with meaningful Price/Median PS Value only.
VECO' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.26  Med: 1.00 Max: 3.96
Current: 0.86
0.26
3.96
Earnings Yield (Greenblatt) (%) -6.60
VECO's Earnings Yield (Greenblatt) (%) is ranked lower than
78% of the 898 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.00 vs. VECO: -6.60 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
VECO' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -6.7  Med: 6.55 Max: 76.7
Current: -6.6
-6.7
76.7
Forward Rate of Return (Yacktman) (%) -35.82
VECO's Forward Rate of Return (Yacktman) (%) is ranked lower than
95% of the 356 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.73 vs. VECO: -35.82 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
VECO' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 0.4  Med: 4.20 Max: 16.5
Current: -35.82
0.4
16.5

More Statistics

Revenue (TTM) (Mil) $456.7
EPS (TTM) $ -0.73
Beta0.35
Short Percentage of Float15.07%
52-Week Range $15.26 - 26.48
Shares Outstanding (Mil)39.84

Analyst Estimate


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Dec16 Dec17 Dec18
Revenue (Mil $) 334 406 386
EPS ($) -0.79 0.08 0.55
EPS w/o NRI ($) -0.79 0.08 0.55
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($)
» More Articles for VECO

Headlines

Articles On GuruFocus.com
Companies' Prices Near 5-Year Lows Jul 08 2016 
FPA Capital's Largest 1st-Quarter Buys May 04 2016 
Stocks FPA Capital Keeps On Buying Apr 19 2016 
Most-Bought Small Cap Stocks During 4th Quarter Mar 28 2016 
Arnold Schneider Buys 9 New Stakes in 4th Quarter Feb 22 2016 
FPA Capital Fund Buys Apollo Education Feb 02 2016 
FPA Capital Fund new buys in Q2 2015 Jul 14 2015 
Veeco's Long-Term Growth Prospects Nov 26 2014 
Veeco May Illuminate Your Portfolio Aug 19 2014 
FPA Capital Fund Comments on Veeco Instruments Jul 23 2014 

More From Other Websites
VEECO INSTRUMENTS INC Files SEC form 8-K, Change in Directors or Principal Officers Jul 22 2016
Veeco Appoints Kathleen Bayless to Its Board of Directors Jul 22 2016
Veeco Appoints Kathleen Bayless to Its Board of Directors Jul 22 2016
Veeco Appoints Kathleen Bayless to Its Board of Directors Jul 21 2016
Veeco Instruments, Inc. – Value Analysis (NASDAQ:VECO) : July 19, 2016 Jul 19 2016
FPA Capital Fund Buys More Shares of 5 of Its Current Holdings Jul 13 2016
Veeco Instruments, Inc. breached its 50 day moving average in a Bullish Manner : VECO-US : July 13,... Jul 13 2016
Veeco Announces Date for Second Quarter 2016 Financial Results and Conference Call Jul 12 2016
Companies' Prices Near 5-Year Lows Jul 08 2016
Veeco Delivers Quest Broadband Monitor System to Accelerate Optical Coating Production Jun 21 2016
Veeco Receives Landmark Order for MBE R&D System from Prominent Chinese University Jun 14 2016
Veeco Instruments, Inc. breached its 50 day moving average in a Bullish Manner : VECO-US : June 3,... Jun 03 2016
Coverage initiated on Veeco Instruments by Pacific Crest May 13 2016
Semiconductor Devices of Israel Selects Veeco MBE Technology for Production of Infrared Detectors May 12 2016
VEECO INSTRUMENTS INC Financials May 12 2016
Veeco Instruments, Inc. :VECO-US: Earnings Analysis: Q1, 2016 By the Numbers May 10 2016
VEECO INSTRUMENTS INC Files SEC form 8-K, Change in Directors or Principal Officers, Submission of... May 06 2016
Veeco Announces Upcoming Investor Events May 05 2016
Edited Transcript of VECO earnings conference call or presentation 4-May-16 9:00pm GMT May 04 2016
Veeco reports 1Q loss May 04 2016

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