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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 2.54
VECO's Cash-to-Debt is ranked higher than
57% of the 861 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.73 vs. VECO: 2.54 )
Ranked among companies with meaningful Cash-to-Debt only.
VECO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 4.21 Max: No Debt
Current: 2.54
Equity-to-Asset 0.62
VECO's Equity-to-Asset is ranked higher than
50% of the 857 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 0.63 vs. VECO: 0.62 )
Ranked among companies with meaningful Equity-to-Asset only.
VECO' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.05  Med: 0.66 Max: 0.88
Current: 0.62
-0.05
0.88
Piotroski F-Score: 4
Altman Z-Score: 2.30
Beneish M-Score: -3.51
WACC vs ROIC
7.44%
-37.04%
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 : 2/10

vs
industry
vs
history
Operating Margin % -31.81
VECO's Operating Margin % is ranked lower than
90% of the 862 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.18 vs. VECO: -31.81 )
Ranked among companies with meaningful Operating Margin % only.
VECO' s Operating Margin % Range Over the Past 10 Years
Min: -36.22  Med: -3.94 Max: 32.58
Current: -31.81
-36.22
32.58
Net Margin % -30.27
VECO's Net Margin % is ranked lower than
88% of the 862 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.81 vs. VECO: -30.27 )
Ranked among companies with meaningful Net Margin % only.
VECO' s Net Margin % Range Over the Past 10 Years
Min: -36.76  Med: -6.11 Max: 38.86
Current: -30.27
-36.76
38.86
ROE % -16.45
VECO's ROE % is ranked lower than
85% of the 841 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.82 vs. VECO: -16.45 )
Ranked among companies with meaningful ROE % only.
VECO' s ROE % Range Over the Past 10 Years
Min: -30.15  Med: -5.32 Max: 64.51
Current: -16.45
-30.15
64.51
ROA % -12.32
VECO's ROA % is ranked lower than
86% of the 869 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.65 vs. VECO: -12.32 )
Ranked among companies with meaningful ROA % only.
VECO' s ROA % Range Over the Past 10 Years
Min: -15.68  Med: -3.31 Max: 41.26
Current: -12.32
-15.68
41.26
ROC (Joel Greenblatt) % -132.10
VECO's ROC (Joel Greenblatt) % is ranked lower than
93% of the 866 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9.53 vs. VECO: -132.10 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
VECO' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -154.46  Med: -16.25 Max: 273.13
Current: -132.1
-154.46
273.13
3-Year Revenue Growth Rate -0.40
VECO's 3-Year Revenue Growth Rate is ranked lower than
58% of the 745 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.60 vs. VECO: -0.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
VECO' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -26.9  Med: -3.1 Max: 19.1
Current: -0.4
-26.9
19.1
3-Year EBITDA Growth Rate 17.80
VECO's 3-Year EBITDA Growth Rate is ranked higher than
69% of the 570 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 5.40 vs. VECO: 17.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
VECO' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -65.2  Med: 4.6 Max: 135.6
Current: 17.8
-65.2
135.6
3-Year EPS without NRI Growth Rate 41.80
VECO's 3-Year EPS without NRI Growth Rate is ranked higher than
84% of the 519 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.90 vs. VECO: 41.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
VECO' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -80.8  Med: -13.7 Max: 330.9
Current: 41.8
-80.8
330.9
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 30-Y Financials

Financials (Next Earnings Date: 2017-08-04 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

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Business Description

Industry: Semiconductors » Semiconductor Equipment & Materials    NAICS: 334519    SIC: 3674
Compare:NAS:KLIC, NAS:XPER, NAS:UTEK, NAS:AMBA, OTCPK:AIXNY, OTCPK:IQEPF, OTCPK:SCIPF, NAS:ACLS, NAS:UCTT, NAS:BRKS, NAS:NANO, NAS:PLAB, NAS:NVMI, OTCPK:NDCVF, OTCPK:IGNMF, NAS:ICHR, NAS:XCRA, NAS:COHU, OTCPK:BESIY, NYSE:PKE » details
Traded in other countries:VEO.Germany,
Headquarter Location:USA
Veeco Instruments Inc is a semiconductor manufacturer. It develops thin film equipment, which is used in making electronic devices including LED, power electronics, wireless devises and hard disk drives.

Veeco Instruments is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.

Guru Investment Theses on Veeco Instruments Inc

FPA Capital Comments on Veeco Instruments - Jan 30, 2017

VECO (NASDAQ:VECO) contributed 1.16% to the Fund’s quarterly return, nearly equaling AAN’s contribution in the quarter. VECO appreciated over 48% in the quarter due to an acceleration of orders for its key MOCVD tools. These tools are the main manufacturing equipment used to produce LEDs, whether they are for display screens or, increasingly, for lighting products. We estimate that VECO currently has roughly 80% global market share for MOCVD tools used to make LEDs.



 



From FPA Capital's fourth quarter 2016 commentary.



Check out FPA Capital Fund latest stock trades

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FPA Capital Comments on Veeco Instruments Guru stock highlight
VECO (NASDAQ:VECO) contributed 1.16% to the Fund’s quarterly return, nearly equaling AAN’s contribution in the quarter. VECO appreciated over 48% in the quarter due to an acceleration of orders for its key MOCVD tools. These tools are the main manufacturing equipment used to produce LEDs, whether they are for display screens or, increasingly, for lighting products. We estimate that VECO currently has roughly 80% global market share for MOCVD tools used to make LEDs. Read more...
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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...

Ratios

vs
industry
vs
history
Forward PE Ratio 30.86
VECO's Forward PE Ratio is ranked lower than
79% of the 111 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 19.80 vs. VECO: 30.86 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 1.78
VECO's PB Ratio is ranked higher than
52% of the 838 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.88 vs. VECO: 1.78 )
Ranked among companies with meaningful PB Ratio only.
VECO' s PB Ratio Range Over the Past 10 Years
Min: 0.48  Med: 1.8 Max: 5.03
Current: 1.78
0.48
5.03
PS Ratio 3.31
VECO's PS Ratio is ranked lower than
73% of the 844 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.74 vs. VECO: 3.31 )
Ranked among companies with meaningful PS Ratio only.
VECO' s PS Ratio Range Over the Past 10 Years
Min: 0.3  Med: 1.94 Max: 4.66
Current: 3.31
0.3
4.66
Price-to-Operating-Cash-Flow 1079.63
VECO's Price-to-Operating-Cash-Flow is ranked lower than
100% of the 490 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 13.91 vs. VECO: 1079.63 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
VECO' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 2.85  Med: 14.18 Max: 1991.5
Current: 1079.63
2.85
1991.5
Shiller PE Ratio 105.99
VECO's Shiller PE Ratio is ranked lower than
87% of the 140 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 45.52 vs. VECO: 105.99 )
Ranked among companies with meaningful Shiller PE Ratio only.
VECO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 26.9  Med: 55.18 Max: 735.5
Current: 105.99
26.9
735.5
Current Ratio 6.19
VECO's Current Ratio is ranked higher than
87% of the 863 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.38 vs. VECO: 6.19 )
Ranked among companies with meaningful Current Ratio only.
VECO' s Current Ratio Range Over the Past 10 Years
Min: 1.54  Med: 3.34 Max: 7.31
Current: 6.19
1.54
7.31
Quick Ratio 5.71
VECO's Quick Ratio is ranked higher than
88% of the 862 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.83 vs. VECO: 5.71 )
Ranked among companies with meaningful Quick Ratio only.
VECO' s Quick Ratio Range Over the Past 10 Years
Min: 0.85  Med: 2.51 Max: 6.72
Current: 5.71
0.85
6.72
Days Inventory 135.39
VECO's Days Inventory is ranked lower than
81% of the 828 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 78.00 vs. VECO: 135.39 )
Ranked among companies with meaningful Days Inventory only.
VECO' s Days Inventory Range Over the Past 10 Years
Min: 62.28  Med: 100.25 Max: 160.71
Current: 135.39
62.28
160.71
Days Sales Outstanding 53.82
VECO's Days Sales Outstanding is ranked higher than
58% of the 783 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 60.75 vs. VECO: 53.82 )
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: 53.82
26.21
87.3
Days Payable 52.48
VECO's Days Payable is ranked higher than
51% of the 760 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 52.14 vs. VECO: 52.48 )
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: 57.09
Current: 52.48
24.43
57.09

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -0.80
VECO's 3-Year Average Share Buyback Ratio is ranked higher than
68% of the 580 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: -3.30 vs. VECO: -0.80 )
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: -78.5  Med: -6.2 Max: 0.6
Current: -0.8
-78.5
0.6

Valuation & Return

vs
industry
vs
history
Price-to-Net-Cash 4.46
VECO's Price-to-Net-Cash is ranked higher than
73% of the 281 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 9.89 vs. VECO: 4.46 )
Ranked among companies with meaningful Price-to-Net-Cash only.
VECO' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 2.55  Med: 4.65 Max: 82.09
Current: 4.46
2.55
82.09
Price-to-Net-Current-Asset-Value 2.92
VECO's Price-to-Net-Current-Asset-Value is ranked higher than
68% of the 581 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 4.61 vs. VECO: 2.92 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
VECO' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.39  Med: 4.28 Max: 259.44
Current: 2.92
1.39
259.44
Price-to-Tangible-Book 2.39
VECO's Price-to-Tangible-Book is ranked lower than
58% of the 807 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 2.05 vs. VECO: 2.39 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
VECO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.06  Med: 3.12 Max: 9.81
Current: 2.39
1.06
9.81
Price-to-Intrinsic-Value-Projected-FCF 1.85
VECO's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
62% of the 488 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.54 vs. VECO: 1.85 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
VECO' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.52  Med: 1.88 Max: 12.39
Current: 1.85
0.52
12.39
Price-to-Median-PS-Value 1.70
VECO's Price-to-Median-PS-Value is ranked lower than
79% of the 816 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 1.17 vs. VECO: 1.70 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
VECO' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.2  Med: 0.88 Max: 3.82
Current: 1.7
0.2
3.82
Earnings Yield (Greenblatt) % -14.19
VECO's Earnings Yield (Greenblatt) % is ranked lower than
89% of the 865 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 3.04 vs. VECO: -14.19 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
VECO' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -60.3  Med: -1.35 Max: 85.9
Current: -14.19
-60.3
85.9
Forward Rate of Return (Yacktman) % -36.74
VECO's Forward Rate of Return (Yacktman) % is ranked lower than
95% of the 385 Companies
in the Global Semiconductor Equipment & Materials industry.

( Industry Median: 7.30 vs. VECO: -36.74 )
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: -36.74  Med: 4.5 Max: 16.5
Current: -36.74
-36.74
16.5

More Statistics

Revenue (TTM) (Mil) $348.83
EPS (TTM) $ -2.69
Beta0.88
Short Percentage of Float15.06%
52-Week Range $15.53 - 34.38
Shares Outstanding (Mil)40.58

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 499 664 758
EPS ($) 0.90 1.66 2.10
EPS without NRI ($) 0.90 1.66 2.10
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for VECO

Headlines

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