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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 211.90
VECO's Cash to Debt is ranked higher than
84% of the 1219 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.89 vs. VECO: 211.90 )
VECO' s 10-Year Cash to Debt Range
Min: 0.44   Max: No Debt
Current: 211.9

Equity to Asset 0.80
VECO's Equity to Asset is ranked higher than
84% of the 1180 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.63 vs. VECO: 0.80 )
VECO' s 10-Year Equity to Asset Range
Min: 0.44   Max: 0.87
Current: 0.8

0.44
0.87
F-Score: 5
Z-Score: 4.55
M-Score: -1.90
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 : 4/10

vs
industry
vs
history
Operating margin (%) -20.16
VECO's Operating margin (%) is ranked lower than
59% of the 1201 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.16 vs. VECO: -20.16 )
VECO' s 10-Year Operating margin (%) Range
Min: -46.14   Max: 32.58
Current: -20.16

-46.14
32.58
Net-margin (%) -17.04
VECO's Net-margin (%) is ranked lower than
57% of the 1201 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.46 vs. VECO: -17.04 )
VECO' s 10-Year Net-margin (%) Range
Min: -41.4   Max: 38.86
Current: -17.04

-41.4
38.86
ROE (%) -8.53
VECO's ROE (%) is ranked lower than
52% of the 1198 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.69 vs. VECO: -8.53 )
VECO' s 10-Year ROE (%) Range
Min: -33.83   Max: 64.51
Current: -8.53

-33.83
64.51
ROA (%) -7.05
VECO's ROA (%) is ranked lower than
54% of the 1219 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.20 vs. VECO: -7.05 )
VECO' s 10-Year ROA (%) Range
Min: -18.18   Max: 41.26
Current: -7.05

-18.18
41.26
ROC (Joel Greenblatt) (%) -78.91
VECO's ROC (Joel Greenblatt) (%) is ranked lower than
63% of the 1215 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9.20 vs. VECO: -78.91 )
VECO' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -94.36   Max: 271.67
Current: -78.91

-94.36
271.67
Revenue Growth (3Y)(%) -25.10
VECO's Revenue Growth (3Y)(%) is ranked higher than
51% of the 859 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: -1.60 vs. VECO: -25.10 )
VECO' s 10-Year Revenue Growth (3Y)(%) Range
Min: -26.9   Max: 19.1
Current: -25.1

-26.9
19.1
» VECO's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2014

VECO Guru Trades in Q2 2014

Chuck Royce 2,080,464 sh (+7.15%)
Murray Stahl 9,700 sh (+2.11%)
FPA Capital Fund 241,700 sh (unchged)
First Pacific Advisors 492,800 sh (-0.20%)
Ken Fisher 2,150,726 sh (-10.24%)
Robert Karr 1,347,800 sh (-11.98%)
» More
Q3 2014

VECO Guru Trades in Q3 2014

Caxton Associates 51,200 sh (New)
First Pacific Advisors 512,900 sh (+4.08%)
Murray Stahl 9,700 sh (unchged)
FPA Capital Fund 241,700 sh (unchged)
Ken Fisher 2,149,221 sh (-0.07%)
Chuck Royce 1,979,164 sh (-4.87%)
Robert Karr 1,093,387 sh (-18.88%)
» More
Q4 2014

VECO Guru Trades in Q4 2014

Chuck Royce 1,687,311 sh (unchged)
Murray Stahl 9,700 sh (unchged)
Robert Karr 698,156 sh (unchged)
FPA Capital Fund 241,700 sh (unchged)
Ken Fisher 2,122,674 sh (unchged)
Caxton Associates Sold Out
First Pacific Advisors 509,700 sh (-0.62%)
Ken Fisher 2,122,674 sh (-1.24%)
Chuck Royce 1,687,311 sh (-14.75%)
Robert Karr 698,156 sh (-36.15%)
» More
Q1 2015

VECO Guru Trades in Q1 2015

FPA Capital Fund 241,700 sh (unchged)
» 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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Guru Investment Theses on Veeco Instruments Inc

FPA Capital Fund Comments on Veeco Instruments - Jul 23, 2014

Among a few stocks that had negative returns in the quarter, Veeco Instruments (VECO) and Titan International (TWI) are also among the smaller positions in the portfolio. VECO declined 11.1% in the June quarter, but not enough for us to add to the position.

From FPA Capital Fund (Trades, Portfolio)’s Second Quarter 2014 Commentary.

Check out FPA Capital Fund latest stock trades

Top Ranked Articles about Veeco Instruments Inc

FPA Capital Fund Comments on Veeco Instruments
Among a few stocks that had negative returns in the quarter, Veeco Instruments (VECO) and Titan International (TWI) are also among the smaller positions in the portfolio. VECO declined 11.1% in the June quarter, but not enough for us to add to the position. Read more...

Ratios

vs
industry
vs
history
Forward P/E 24.57
VECO's Forward P/E is ranked higher than
73% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.00 vs. VECO: 24.57 )
N/A
P/B 1.70
VECO's P/B is ranked higher than
68% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.25 vs. VECO: 1.70 )
VECO' s 10-Year P/B Range
Min: 0.48   Max: 4.99
Current: 1.7

0.48
4.99
P/S 3.20
VECO's P/S is ranked lower than
61% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.95 vs. VECO: 3.20 )
VECO' s 10-Year P/S Range
Min: 0.3   Max: 4.66
Current: 3.2

0.3
4.66
PFCF 46.20
VECO's PFCF is ranked higher than
66% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 435.77 vs. VECO: 46.20 )
VECO' s 10-Year PFCF Range
Min: 3.89   Max: 3815
Current: 46.2

3.89
3815
POCF 28.88
VECO's POCF is ranked higher than
65% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 25.21 vs. VECO: 28.88 )
VECO' s 10-Year POCF Range
Min: 2.85   Max: 3983
Current: 28.88

2.85
3983
EV-to-EBIT -10.68
VECO's EV-to-EBIT is ranked higher than
52% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 46.26 vs. VECO: -10.68 )
VECO' s 10-Year EV-to-EBIT Range
Min: -315   Max: 99.2
Current: -10.68

-315
99.2
Shiller P/E 19.60
VECO's Shiller P/E is ranked higher than
93% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.00 vs. VECO: 19.60 )
VECO' s 10-Year Shiller P/E Range
Min: 14.65   Max: 61.01
Current: 19.6

14.65
61.01
Current Ratio 3.30
VECO's Current Ratio is ranked higher than
77% of the 1206 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.59 vs. VECO: 3.30 )
VECO' s 10-Year Current Ratio Range
Min: 2.36   Max: 6.63
Current: 3.3

2.36
6.63
Quick Ratio 2.93
VECO's Quick Ratio is ranked higher than
80% of the 1206 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.91 vs. VECO: 2.93 )
VECO' s 10-Year Quick Ratio Range
Min: 1.5   Max: 6.1
Current: 2.93

1.5
6.1
Days Inventory 75.90
VECO's Days Inventory is ranked higher than
71% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 90.89 vs. VECO: 75.90 )
VECO' s 10-Year Days Inventory Range
Min: 62.28   Max: 220.32
Current: 75.9

62.28
220.32
Days Sales Outstanding 55.82
VECO's Days Sales Outstanding is ranked higher than
75% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 68.70 vs. VECO: 55.82 )
VECO' s 10-Year Days Sales Outstanding Range
Min: 26.21   Max: 91.33
Current: 55.82

26.21
91.33

Valuation & Return

vs
industry
vs
history
Price/Net Cash 6.20
VECO's Price/Net Cash is ranked higher than
90% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.00 vs. VECO: 6.20 )
VECO' s 10-Year Price/Net Cash Range
Min: 2.55   Max: 34.78
Current: 6.2

2.55
34.78
Price/Net Current Asset Value 3.41
VECO's Price/Net Current Asset Value is ranked higher than
87% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.00 vs. VECO: 3.41 )
VECO' s 10-Year Price/Net Current Asset Value Range
Min: 1.39   Max: 33.52
Current: 3.41

1.39
33.52
Price/Tangible Book 2.68
VECO's Price/Tangible Book is ranked higher than
58% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.70 vs. VECO: 2.68 )
VECO' s 10-Year Price/Tangible Book Range
Min: 1.06   Max: 15.72
Current: 2.68

1.06
15.72
Price/DCF (Projected) 1.00
VECO's Price/DCF (Projected) is ranked higher than
93% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.00 vs. VECO: 1.00 )
VECO' s 10-Year Price/DCF (Projected) Range
Min: 0.52   Max: 5.83
Current: 1

0.52
5.83
Price/Median PS Value 1.84
VECO's Price/Median PS Value is ranked lower than
53% of the 1303 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.30 vs. VECO: 1.84 )
VECO' s 10-Year Price/Median PS Value Range
Min: 0.27   Max: 2.31
Current: 1.84

0.27
2.31
Earnings Yield (Greenblatt) -9.30
VECO's Earnings Yield (Greenblatt) is ranked lower than
63% of the 1190 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.00 vs. VECO: -9.30 )
VECO' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1   Max: 86.8
Current: -9.3

1
86.8
Forward Rate of Return (Yacktman) 0.54
VECO's Forward Rate of Return (Yacktman) is ranked higher than
71% of the 442 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.82 vs. VECO: 0.54 )
VECO' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -1.2   Max: 16.5
Current: 0.54

-1.2
16.5

Business Description

Industry: Semiconductors » Semiconductor Equipment & Materials
Compare:ASML, AMAT, TOELY, KLAC, LRCX » details
Traded in other countries:VEO.Germany,
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 primarily 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. Its two business segments are LED & Solar and Data Storage. 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.
» More Articles for VECO

Headlines

Articles On GuruFocus.com
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 
FPA Capital Fund Second Quarter 2014 Commentary Jul 23 2014 
Guru Robert Karr’s Top Five in Last Quarter as Money Manager May 15 2014 
Guru Robert Karr Closes Fund Joho Capital - His Top Five Q4 Stocks Feb 17 2014 
Follow Robert Karr Hunting for Quality Globally Feb 12 2014 
Weekly Insider Sells Highlight: FRX, AXP, WFC, BBT, VECO Jan 26 2014 
Will Robert Karr Be Lit in the Coming Years? I Bet It Will Be with LED Light Nov 25 2013 
comment on VECO Apr 05 2013 

More From Other Websites
University of Cambridge Selects Veeco MOCVD System for Power Electronics and LED Development Apr 20 2015
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VEECO INSTRUMENTS INC Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Financial... Mar 19 2015
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VEECO INSTRUMENTS INC Files SEC form 10-K, Annual Report Feb 24 2015
Veeco Announces Upcoming Investor Events Feb 19 2015
Veeco reports 4Q loss Feb 17 2015
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VEECO INSTRUMENTS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Feb 17 2015
Veeco Reports Fourth Quarter 2014 Financial Results Feb 17 2015
Q4 2014 Veeco Instruments Inc Earnings Release - After Market Close Feb 17 2015
VEECO INSTRUMENTS INC Files SEC form 8-K, Change in Directors or Principal Officers Feb 12 2015
Veeco Instruments Inc. (VECO), Archer Daniels Midland Company (ADM): Hugh Hendry’s Bullish Picks... Feb 12 2015
Veeco Announces Date for Release of Fourth Quarter and Year-End 2014 Financial Results Feb 06 2015
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