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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 : 8/10

vs
industry
vs
history
Cash to Debt 262.96
VECO's Cash to Debt is ranked higher than
76% of the 847 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.55 vs. VECO: 262.96 )
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: 262.96
Equity to Asset 0.78
VECO's Equity to Asset is ranked higher than
75% of the 842 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.62 vs. VECO: 0.78 )
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: 0.78
0.44
0.88
F-Score: 5
Z-Score: 4.32
M-Score: -3.04
WACC vs ROIC
6.97%
-39.86%
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 (%) -35.97
VECO's Operating margin (%) is ranked lower than
91% of the 843 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.33 vs. VECO: -35.97 )
Ranked among companies with meaningful Operating margin (%) only.
VECO' s Operating margin (%) Range Over the Past 10 Years
Min: -35.97  Med: -2.34 Max: 32.58
Current: -35.97
-35.97
32.58
Net-margin (%) -36.48
VECO's Net-margin (%) is ranked lower than
90% of the 842 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.81 vs. VECO: -36.48 )
Ranked among companies with meaningful Net-margin (%) only.
VECO' s Net-margin (%) Range Over the Past 10 Years
Min: -36.48  Med: -4.91 Max: 38.86
Current: -36.48
-36.48
38.86
ROE (%) -18.62
VECO's ROE (%) is ranked lower than
86% of the 827 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.98 vs. VECO: -18.62 )
Ranked among companies with meaningful ROE (%) only.
VECO' s ROE (%) Range Over the Past 10 Years
Min: -31.39  Med: -4.93 Max: 66.48
Current: -18.62
-31.39
66.48
ROA (%) -14.85
VECO's ROA (%) is ranked lower than
88% of the 851 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.16 vs. VECO: -14.85 )
Ranked among companies with meaningful ROA (%) only.
VECO' s ROA (%) Range Over the Past 10 Years
Min: -16.33  Med: -2.93 Max: 42.63
Current: -14.85
-16.33
42.63
ROC (Joel Greenblatt) (%) -144.61
VECO's ROC (Joel Greenblatt) (%) is ranked lower than
94% of the 849 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 7.44 vs. VECO: -144.61 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
VECO' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -144.61  Med: -3.88 Max: 282.35
Current: -144.61
-144.61
282.35
Revenue Growth (3Y)(%) 3.10
VECO's Revenue Growth (3Y)(%) is ranked lower than
64% of the 724 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.20 vs. VECO: 3.10 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
VECO' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -27.8  Med: -3.3 Max: 22.9
Current: 3.1
-27.8
22.9
EBITDA Growth (3Y)(%) -27.90
VECO's EBITDA Growth (3Y)(%) is ranked lower than
90% of the 530 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.80 vs. VECO: -27.90 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
VECO' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -63.2  Med: -10.3 Max: 143.2
Current: -27.9
-63.2
143.2
GuruFocus has detected 5 Warning Signs with Veeco Instruments Inc $VECO.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» VECO's 10-Y Financials

Financials


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

» Details

Guru Trades

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

Jim Simons 1,428,000 sh (+10.65%)
First Pacific Advisors 1,886,986 sh (+8.40%)
FPA Capital Fund 962,000 sh (+6.49%)
Ken Fisher 1,802,418 sh (+0.01%)
Chuck Royce 2,500 sh (unchged)
Paul Tudor Jones Sold Out
Barrow, Hanley, Mewhinney & Strauss 135,285 sh (-0.13%)
Arnold Schneider 196,441 sh (-0.24%)
» More
Q3 2016

VECO Guru Trades in Q3 2016

Chuck Royce 272,677 sh (+10807.08%)
Barrow, Hanley, Mewhinney & Strauss 176,546 sh (+30.50%)
Arnold Schneider 229,210 sh (+16.68%)
FPA Capital Fund 979,330 sh (+1.80%)
Ken Fisher 1,824,643 sh (+1.23%)
Jim Simons 1,438,400 sh (+0.73%)
First Pacific Advisors 1,831,856 sh (-2.92%)
» More
Q4 2016

VECO Guru Trades in Q4 2016

Ken Fisher 1,570,581 sh (-13.92%)
FPA Capital Fund 810,280 sh (-17.26%)
» 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    NAICS: 334519    SIC: 3674
Compare:NAS:BRKS, NAS:KLIC, OTCPK:BESIY, OTCPK:IGNMF, NAS:PLAB, NAS:AMBA, OTCPK:NDCVF, NAS:UTEK, NAS:NANO, OTCPK:SLOIF, NAS:XCRA, NAS:ACLS, NAS:NVMI, NAS:COHU, NYSE:PKE, NAS:AIXG, OTCPK:IQEPF, NAS:UCTT, NAS:TSRA, OTCPK:RNWEY » 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

FPA Capital Fund Continues to Buy Western Digital, Veeco The guru's largest buys during the last 2 quarters
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According to GuruFocus' list of five-year lows, these stocks have reached their five-year lows: Veeco Instruments Inc. (NASDAQ:VECO), Alon USA Energy Inc. (NYSE:ALJ), Bristow Group Inc. (NYSE:BRS) and Unisys Corp. (NYSE:UIS). Read more...
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Ratios

vs
industry
vs
history
Forward P/E 27.93
VECO's Forward P/E is ranked lower than
80% of the 109 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 19.16 vs. VECO: 27.93 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 1.93
VECO's P/B is ranked lower than
51% of the 825 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.80 vs. VECO: 1.93 )
Ranked among companies with meaningful P/B only.
VECO' s P/B Range Over the Past 10 Years
Min: 0.53  Med: 1.8 Max: 5.02
Current: 1.93
0.53
5.02
P/S 3.20
VECO's P/S is ranked lower than
73% of the 830 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.62 vs. VECO: 3.20 )
Ranked among companies with meaningful P/S only.
VECO' s P/S Range Over the Past 10 Years
Min: 0.33  Med: 1.82 Max: 4.74
Current: 3.2
0.33
4.74
EV-to-EBIT -7.34
VECO's EV-to-EBIT is ranked lower than
99.99% of the 567 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 17.73 vs. VECO: -7.34 )
Ranked among companies with meaningful EV-to-EBIT only.
VECO' s EV-to-EBIT Range Over the Past 10 Years
Min: -3408.5  Med: -3 Max: 370.5
Current: -7.34
-3408.5
370.5
EV-to-EBITDA -10.26
VECO's EV-to-EBITDA is ranked lower than
99.99% of the 631 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 12.88 vs. VECO: -10.26 )
Ranked among companies with meaningful EV-to-EBITDA only.
VECO' s EV-to-EBITDA Range Over the Past 10 Years
Min: -144.1  Med: 4.3 Max: 339.1
Current: -10.26
-144.1
339.1
Shiller P/E 144.45
VECO's Shiller P/E is ranked lower than
78% of the 99 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 41.81 vs. VECO: 144.45 )
Ranked among companies with meaningful Shiller P/E only.
VECO' s Shiller P/E Range Over the Past 10 Years
Min: 26.09  Med: 54.2 Max: 724.67
Current: 144.45
26.09
724.67
Current Ratio 3.44
VECO's Current Ratio is ranked higher than
69% of the 849 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.36 vs. VECO: 3.44 )
Ranked among companies with meaningful Current Ratio only.
VECO' s Current Ratio Range Over the Past 10 Years
Min: 2.31  Med: 3.39 Max: 7.31
Current: 3.44
2.31
7.31
Quick Ratio 2.85
VECO's Quick Ratio is ranked higher than
70% of the 848 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.81 vs. VECO: 2.85 )
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: 2.85
1.44
6.72
Days Inventory 139.35
VECO's Days Inventory is ranked lower than
82% of the 812 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 78.03 vs. VECO: 139.35 )
Ranked among companies with meaningful Days Inventory only.
VECO' s Days Inventory Range Over the Past 10 Years
Min: 60.33  Med: 101.21 Max: 168.67
Current: 139.35
60.33
168.67
Days Sales Outstanding 52.76
VECO's Days Sales Outstanding is ranked higher than
62% of the 768 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 63.33 vs. VECO: 52.76 )
Ranked among companies with meaningful Days Sales Outstanding only.
VECO' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.21  Med: 52.5 Max: 87.3
Current: 52.76
26.21
87.3
Days Payable 47.24
VECO's Days Payable is ranked lower than
53% of the 741 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 50.89 vs. VECO: 47.24 )
Ranked among companies with meaningful Days Payable only.
VECO' s Days Payable Range Over the Past 10 Years
Min: 24.43  Med: 38.61 Max: 60
Current: 47.24
24.43
60

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -1.00
VECO's 3-Year Average Share Buyback Ratio is ranked higher than
61% of the 589 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: -2.60 vs. VECO: -1.00 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
VECO' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -44.5  Med: -2.3 Max: 0.6
Current: -1
-44.5
0.6

Valuation & Return

vs
industry
vs
history
Price/Net Cash 6.84
VECO's Price/Net Cash is ranked higher than
63% of the 275 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9.70 vs. VECO: 6.84 )
Ranked among companies with meaningful Price/Net Cash only.
VECO' s Price/Net Cash Range Over the Past 10 Years
Min: 2.48  Med: 4.48 Max: 45.53
Current: 6.84
2.48
45.53
Price/Net Current Asset Value 3.40
VECO's Price/Net Current Asset Value is ranked higher than
62% of the 579 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.37 vs. VECO: 3.40 )
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: 1.45  Med: 4.27 Max: 267
Current: 3.4
1.45
267
Price/Tangible Book 2.75
VECO's Price/Tangible Book is ranked lower than
64% of the 797 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.93 vs. VECO: 2.75 )
Ranked among companies with meaningful Price/Tangible Book only.
VECO' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.03  Med: 2.93 Max: 9.83
Current: 2.75
1.03
9.83
Price/Projected FCF 1.66
VECO's Price/Projected FCF is ranked lower than
53% of the 470 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.42 vs. VECO: 1.66 )
Ranked among companies with meaningful Price/Projected FCF only.
VECO' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.52  Med: 1.75 Max: 40.81
Current: 1.66
0.52
40.81
Earnings Yield (Greenblatt) (%) -13.60
VECO's Earnings Yield (Greenblatt) (%) is ranked lower than
87% of the 839 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.60 vs. VECO: -13.60 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
VECO' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: -13.6  Med: 7.3 Max: 70.3
Current: -13.6
-13.6
70.3

More Statistics

Revenue (TTM) (Mil) $345.4
EPS (TTM) $ -3.24
Beta0.63
Short Percentage of Float13.84%
52-Week Range $15.26 - 30.45
Shares Outstanding (Mil)40.61

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 331 410 507
EPS ($) -0.69 0.82 1.30
EPS w/o NRI ($) -0.69 0.82 1.30
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($)
» More Articles for VECO

Headlines

Articles On GuruFocus.com
FPA Capital Fund Adds to 5 Holdings in 3rd Quarter Oct 10 2016 
FPA Capital's Top Performing Second Quarter Sales Aug 11 2016 
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 

More From Other Websites
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After hours buzz: UAL, PE & more Jan 10 2017
VEECO INSTRUMENTS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Jan 10 2017
Veeco Announces Public Offering of $200 Million of Convertible Senior Notes Due 2023 Jan 10 2017
Veeco Reports Preliminary Fourth Quarter and Full Year 2016 Financial Results Jan 10 2017
Veeco Sells Systems for New LED Production Facility in Malaysia Dec 19 2016
Veeco Sells Systems for New LED Production Facility in Malaysia Dec 19 2016
Veeco Instruments (VECO) Worth a Look: Stock Jumps 5.2% Dec 14 2016
Is Veeco Instruments Inc. (VECO) A Good Stock To Buy? Dec 12 2016
Why Veeco Instruments (VECO) Could Be Positioned for a Surge? Nov 30 2016
VEECO INSTRUMENTS INC Financials Nov 08 2016
Veeco Announces Upcoming Investor Events Nov 03 2016
Edited Transcript of VECO earnings conference call or presentation 1-Nov-16 9:00pm GMT Nov 01 2016
VEECO INSTRUMENTS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Nov 01 2016
Veeco Reports Third Quarter 2016 Financial Results Nov 01 2016
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