Veem Ltd (VEE) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Veem Ltd A$0.43, price A$0.49, upside -12.2%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$0.3674 – A$1.98 · fair‑value band A$0.2700 – A$0.5100 · the A$0.4900 price screens above the A$0.4300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 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. The company also provides conquest propellers, shaft lines, and marine ride control fins.
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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. 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$0.4900, while our model-based Fair Value estimate is A$0.4300, implying the stock looks roughly 13.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of A$0.5200 per share, and 10 of the 24 models we run sit above the A$0.4900 price.
Bear case: the Earnings-Based group reads lowest at A$0.1400, and 14 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.2700 (bear) to A$0.5100 (bull), the price of A$0.4900 sits inside 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 52/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Veem Ltd reported revenue of A$68.6M in FY2025 versus A$59.5M in FY2021, a compound +3.6%/yr. Reported net income was A$3.0M in FY2025, compounding −11.5%/yr from FY2021.
Key figures
Market cap A$80.7M (≈ $56.8M) · P/S ratio 1.38 · EPS (TTM) A$−0.1200 · Dividend yield 1.7% · Net margin 4.4% · Return on equity −35.0% · Return on assets (EBIT) 7.3% · Operating margin −10.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 74% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −12%, VEE screens cheaper than that median.
Fair Value models
Bear A$0.2700Fair Value A$0.4300Bull A$0.5100
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.4%
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+4.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)1.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3% vs −46%, picking up
Profit margin 2019 to 2024 ⓘ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.6% → 12%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 40.8%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+19.8%
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 +16.3% 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 · 230 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−16% · Above median
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−30% · Bottom 25%
Operating margin (TTM)−11% · Bottom 25%
Growth and dividend
Revenue growth−30% · Bottom 25%
Dividend yield (TTM)1.7% · Top 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
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 Sep 23, 2026, our model estimates a fair value of A$0.4300 versus a price of A$0.4900, about −12% upside (overvalued).
What is the fair value of VEE?
Our model-based fair value for Veem Ltd is A$0.4300 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.4900.
What is the quality score of VEE?
Veem Ltd has a Quality Score of 52/100. 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$0.4300 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario A$0.2700, optimistic scenario A$0.5100. 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$0.4300, about −12% upside versus a price of A$0.4900 (overvalued). Cautious scenario A$0.2700, optimistic scenario A$0.5100. 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$58.5M (latest available figure, as of Sep 23, 2026).
Does Veem Ltd pay a dividend?
Veem Ltd currently shows a dividend yield of about 1.68% relative to its recent price (as of Sep 23, 2026).
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 +19.8 % 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 +9.1 % per year. As of Sep 23, 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 1.20, 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 +19.8 % per year a year over ten years, 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 +9.1 % a year. The price currently implies +19.8 % per year free-cash-flow growth a 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 +4.6 % a year. That is the yardstick for the growth priced into Veem Ltd (+19.8 % per year a 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 5.01 %: 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$0.4300 per share (as of Sep 23, 2026), against a price of A$0.4900. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Veem Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, VEE trades above its calculated fair value: price A$0.4900, fair value A$0.4300, a gap of about −12% (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$0.4900); the fair value is what the company's own numbers justify (A$0.4300). For Veem Ltd the two are A$0.0600 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$80.7M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.4900; our models calculate a fair value of A$0.4300 per share.
What do the bullish and bearish scenarios say about VEE?
Our models span a range for Veem Ltd: cautious scenario A$0.2700, base A$0.4300, optimistic A$0.5100 per share (as of Sep 23, 2026, price A$0.4900). 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 Sep 23, 2026): return on equity −35.0%, debt of 0.09 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is VEE from its 52-week high?
Veem Ltd trades at A$0.4900, about 74% below its 52-week high of A$1.87 and 9% above the low of A$0.4500 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.4300 is for.
Which stocks are comparable to Veem Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, 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 Sep 23, 2026: price A$0.4900, calculated fair value A$0.4300 (−12%), Quality Score 52/100, from 24 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 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.4300, 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 13.0 % 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 Sep 24, 2026 was A$0.4900. Our model-based fair value is A$0.4300, about −12% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Veem Ltd right now?
Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (A$0.2700 to A$0.5100) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Veem Ltd (VEE) come from?
Earnings per share at Veem Ltd grew −12.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −6.2 %, EBIT margin −2.9 %, tax rate +0.0 %, residual (interest, one-offs) −3.4 %. 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$80.7M (≈ $56.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Veem Ltd (VEE)?
The price-to-sales ratio of Veem Ltd is 1.38 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Veem Ltd (VEE)?
Earnings per share at Veem Ltd are A$−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 1.7%. 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 4.4% (fiscal year 2025). 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 −35.0% (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 7.3% (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 −10.5% (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 −30.2% versus a year earlier (3y avg +8.2%). 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 −42.6% 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$21.5M (fiscal year 2025, ≈ 6.5 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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Thin data
Sep 23, 2026