Veem Share Price and Company Fundamentals
Last traded: Today at 5:13 AM
VEEM Ltd manufactures and sells propulsion and stabilization systems. It offers propellers, centrifugally cast hollow bars, and gyrostabilizers; and manufactures bespoke products and services to the marine, defense, and mining industries. The company was founded in 1968 and is headquartered in Canning Vale, Australia. VEEM Ltd operates as a subsidiary of Veem Corporation Pty Ltd.
|Primary activities||High technology marine propulsion and stabilisation|
|Industry / Sector||Aerospace & Defense / Industrials|
|Full time employees||180|
|Mailing address||22 Baile Road Canning Vale WA 6155 Australia|
|Phone / Fax||61 8 9455 9355 / 61 8 9455 9333|
|Share registry||COMPUTERSHARE INVESTOR SERVICES PTY LIMITED|
Veem paid $0.01 dividend and the ex-dividend date was 05 Mar 2021.The dividend payout ratio is 12.28%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.VEE dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.
VEE's forward dividend amount is $0.01 and the forward dividend yield is 0.51%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.
As of Aug 2021, following are the company executives and directors listed on Veem.
|Mr. Mark David Miocevich||MD & Director||415.33k|
|Mr. David Rich B.Com., F.C.A.||CFO & Joint Company Sec.||294.63k|
|Ms. Tracy Pauline Caudwell AssocDipAcct, B.Acct, Cert.Bus.Stud||Joint Company Sec.|
Profitability and management effectiveness
Return on assets
Return on equity
Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.
The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.
Valuation and Trading Info
The market capitalization of Veem is 162.5M and its enterprise value is 176.09M. The enterprise value to revenue ratio of VEE is 3.40.
The VEE's stocks Beta value is 0.47 making it 53% less volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.
Companies similar to Veem (VEE)
- Austal (ASB)
- Cimic Group (CIM)
- Gwa Group (GWA)
- Monadelphous Group (MND)
- Nrw Holdings (NWH)
- Reliance Worldwide Corporation (RWC)
- Service Stream (SSM)
- Seven Group Holdings (SVW)
Veem (ASX:VEE) Frequently Asked Questions
1. What is Veem's Stock Symbol?
Veem trades on ASX under the ticker symbol "VEE".
2. What is Veem's stock price today?
One share of VEE stock can currently be purchased for approximately $1.25.
3. How can I contact Veem?
Veem's mailing address is 22 Baile Road Canning Vale WA 6155 Australia. The company can be reached via phone at 61 8 9455 9355.
4. What is Veem's official website?
The official website of Veem is http://www.veem.com.au.
5. Which share registry manages Veem's stock?
Veem's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.