Veem Ltd (VEE) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Veem Ltd stock A$0.28, price A$0.48, that is 41.7% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range A$0.3674 – A$1.98 · fair‑value band A$0.2200 – A$0.3400 · the A$0.4800 price screens above the A$0.2800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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VEEM Ltd engages in designing, manufacturing, and selling of marine propulsion and stabilization systems in Australia. It offers gyrostabilizers; CNC machined monobloc propellers; and forever pipe, a piping solution for the processing industry.
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The company also provides conquest propellers, shaft lines, and marine ride control fins. In addition, it offers bespoke engineered products and services for marine, defense, and mining industries; and hollow bar products.
The company was founded in 1968 and is headquartered in Canning Vale, Australia. VEEM Ltd is a subsidiary of Veem Corporation Pty Ltd.
Stock analysis
Veem Ltd (VEE) currently trades at A$0.4800, while our model-based Fair Value estimate is A$0.2800, 42% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of A$0.2950 per share, and 0 of the 10 models we run sit above the A$0.4800 price.
Bear case: the Asset-Based group reads lowest at A$0.1000, and 10 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.2200 (bear) to A$0.3400 (bull), the price of A$0.4800 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Industrials sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Veem Ltd reported revenue of A$51.5M in FY2026 versus A$54.2M in FY2022, a compound −1.3%/yr. Reported net income was −A$17.8M in FY2026.
Key figures
Market cap A$70.4M (≈ $48.6M) Micro · P/S ratio 1.40 · EPS (TTM) A$−0.1200 · Dividend yield 1.9% · Net margin −34.4% · Return on equity −34.3% · Return on assets (EBIT) 5.5% (5-year average) · Operating margin 5.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at −42%, VEE screens richer than that median.
Fair Value models
BearA$0.2200Fair Value A$0.2800BullA$0.3400
Price A$0.4800 · Downside -41.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
9.1% (2021) → −2.1% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+16.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +13.5% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Aerospace & Defense · 238 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−41.7% · Above median
Profitability
Return on assets−21.6% · Bottom 25%
Net margin (12 months)−34.4% · Bottom 25%
Operating margin (12 months)5.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)−19.3% · Bottom 25%
Dividend yield (12 months)1.9% · Top 25%
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/B1.42× · Cheapest 25%
P/S (12 months)1.36× · Cheapest 25%
Price / free cash flow (fiscal year)20.3× · Cheaper than median
EV/EBITDA37.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 65
PAST (return on equity)0· sector 41
HEALTH (low debt)94· sector 94
DIVIDEND (yield)37· sector 19
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Veem Ltd Fair Value". https://www.fairvalue-calculator.com/stock/VEE
Frequently asked questions
Is Veem Ltd (VEE) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of A$0.2800 versus a price of A$0.4800, about 42% lower (overvalued).
What is the fair value of VEE?
Our model-based fair value for Veem Ltd is A$0.2800 (as of Nov 9, 2026), built from audited fundamentals. The current price: A$0.4800.
What is the quality score of VEE?
Veem Ltd has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Veem Ltd (VEE)?
Our model-based price target is the fair value of A$0.2800 (as of Nov 9, 2026) from 10 valuation models. Cautious scenario A$0.2200, optimistic scenario A$0.3400. It is a calculation from audited fundamentals, not an analyst target.
What is the Veem Ltd stock forecast for 2026?
Our models put fair value at A$0.2800, about 42% lower versus a price of A$0.4800 (overvalued). Cautious scenario A$0.2200, optimistic scenario A$0.3400. The calculation is refreshed regularly with new filings.
What is the revenue of Veem Ltd (VEE)?
Veem Ltd reported trailing-twelve-month revenue of about A$51.7M (latest available figure, as of Nov 9, 2026).
Does Veem Ltd pay a dividend?
Veem Ltd currently shows a dividend yield of 1.87% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Veem Ltd (VEE)?
Veem Ltd has a dividend yield of 1.9%.
What growth is priced into Veem Ltd (VEE)?
For today's price to be fair in a discounted-cash-flow model, Veem Ltd would have to grow free cash flow by +16.8 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.8 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of VEE use?
Our models discount Veem Ltd at 13.1 %: a base by market capitalisation (micro), damped by beta 1.19, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Veem Ltd that is +16.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Veem Ltd (VEE) delivered so far?
Over the past 5 years revenue at Veem Ltd grew -2.8 % a year. The price currently implies free-cash-flow growth of +16.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Veem Ltd (VEE) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Veem Ltd (+16.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Veem Ltd (VEE)?
The free-cash-flow yield on the price is 4.93 %: that much free cash flow Veem Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Veem Ltd (VEE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Veem Ltd it is A$0.2800 per share (as of Nov 9, 2026), against a price of A$0.4800. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Veem Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, VEE trades above its calculated fair value: price A$0.4800, fair value A$0.2800, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VEE?
No. The price is what the market pays today (A$0.4800); the fair value is what the company's own numbers justify (A$0.2800). For Veem Ltd the two are A$0.2000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Veem Ltd worth?
The market values Veem Ltd at about A$70.4M (market capitalisation, as of Nov 9, 2026). Per share that is A$0.4800; our models calculate a fair value of A$0.2800 per share.
What do the bullish and bearish scenarios say about VEE?
Our models span a range for Veem Ltd: cautious scenario A$0.2200, base A$0.2800, optimistic A$0.3400 per share (as of Nov 9, 2026, price A$0.4800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Veem Ltd (VEE)?
Balance-sheet figures for Veem Ltd (as of Nov 9, 2026): return on equity −34.3%, debt of 0.13 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is VEE from its 52-week high?
Veem Ltd trades at A$0.4800, about 60% below its 52-week high of A$1.19 and 7% above the low of A$0.4500 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.2800 is for.
Which stocks are comparable to Veem Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Veem Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price A$0.4800, calculated fair value A$0.2800 (−42%), Quality Score 41/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VEE calculated?
We run Veem Ltd through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of A$0.2800 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Veem Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Veem Ltd (VEE)?
The closing price on Nov 9, 2026 was A$0.4800. Our model-based fair value is A$0.2800, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Veem Ltd right now?
The price sits above even our optimistic bull case (A$0.3400). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Veem Ltd (VEE) come from?
Earnings per share at Veem Ltd grew −3.9 % a year from 2015 to 2026. Broken into its drivers: revenue per share +1.8 %, EBIT margin −1.9 %, tax rate +0.4 %, residual (interest, one-offs) −4.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Veem Ltd
How large is the market capitalisation of Veem Ltd (VEE)?
The market capitalisation of Veem Ltd is A$70.4M (≈ $48.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Veem Ltd (VEE)?
The price-to-sales ratio of Veem Ltd is 1.40 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Veem Ltd (VEE)?
Earnings per share at Veem Ltd are A$−0.1200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Veem Ltd (VEE)?
The dividend yield of Veem Ltd is 1.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Veem Ltd (VEE)?
The net margin of Veem Ltd is −34.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Veem Ltd (VEE)?
The return on equity (ROE) of Veem Ltd is −34.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Veem Ltd (VEE)?
On an EBIT basis the return on assets of Veem Ltd is 5.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Veem Ltd (VEE)?
The operating margin of Veem Ltd is 5.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Veem Ltd (VEE)?
Revenue at Veem Ltd is growing −19.3% versus a year earlier (3y avg −4.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Veem Ltd (VEE)?
Earnings per share at Veem Ltd are growing −20.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Veem Ltd (VEE) carry?
The net debt of Veem Ltd is A$7.5M (fiscal year 2026, ≈ 2.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026