Veeco Instruments designs, manufactures, and markets thin film equipment to make light emitting diodes, power electronics, wireless devices, hard disk drives, and semiconductors worldwide. The company was founded in 1945 and is based in Plainview, New York.
VECO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Veeco Instruments Inc. To summarize, we found that Veeco Instruments Inc ranked in the 15th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Veeco Instruments Inc, consider:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 75. Its equity weight surpasses that of merely 16.58% of free cash flow generating stocks in the Technology sector.
Veeco Instruments Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Veeco Instruments Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.7. This coverage rate is greater than that of only 21.79% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CAMP, COHU, INOV, QCOM, and ANSS can be thought of as valuation peers to VECO, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
PLAINVIEW, N.Y., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter and full year 2020 financial results after the market closes on Thursday, February 11, 2021. The company will host a conference call to review these results starting at 5:00pm ET that day. To join the call, dial 1-866-248-8441 (toll free) or 1-929-477-0577 and use passcode 7940308. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00pm ET that same evening. About Veeco Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our proven ion beam, laser annealing, lithogr...
SAN DIEGO, Jan. 21, 2021 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for investors who formerly held Ultratech, Inc. (NASDAQ: UTEK) shares and received Veevo Instruments Inc (NASDAQ: VECO) shares as a result of the takeover. Investors, who held shares of Ultratech, Inc. (NASDAQ: UTEK) and received Veevo Instruments Inc (NASDAQ: VECO) shares as a result of the takeover, might have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.On February 2, 2017, Veeco Instruments Inc. and Ultratech, Inc. announced that they have signed an agreement for Veeco Instruments Inc. to acquire Ultratech, Inc. Under the terms of the transaction Ultratech shareholders will receive $21.75 pe...
PLAINVIEW, N.Y., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that management is scheduled to present at the Needham Virtual Growth Conference at 5:00 PM ET on Tuesday, January 12, 2021. The presentation will be broadcast live and can be accessed on the investor relations section of Veeco's website at ir.veeco.com. A webcast replay will be made available on the website for a minimum of two weeks following the original date.About Veeco Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our proven ion beam, laser annealing, lithography, MOCVD and single wafer etch & clean technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize...