How to buy VEEM shares
Own VEEM shares in just a few minutes.
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VEEM Ltd is an aerospace & defense business based in Australia. VEEM shares (VEE) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. VEEM has a trailing 12-month revenue of around $44.4 million.
How to buy shares in VEEM
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for VEEM . Find the share by name or ticker symbol: VEE. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until VEEM reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $0.575, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of VEEM . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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How has coronavirus impacted VEEM 's share price?
Since the stock market crash in March caused by coronavirus, VEEM 's share price has had significant positive movement.
Its last market close was $0.575, which is 18.26% up on its pre-crash value of $0.47 and 33.72% up on the lowest point reached during the March crash when the shares fell as low as $0.43.
If you had bought $1,000 worth of VEEM shares at the start of February 2020, those shares would have been worth $877.55 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,173.47.
VEEM share priceUse our graph to track the performance of VEE stocks over time.
VEEM shares at a glance
|52-week range||$0.385 - $0.58|
|50-day moving average||$0.4957|
|200-day moving average||$0.4512|
|Dividend yield||$0.01 (0.76%)|
|Earnings per share (TTM)||$0.019|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy VEEM stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
VEEM price performance over time
|1 week (2021-01-07)||-30.30%|
|1 month (2020-12-17)||-17.27%|
|3 months (2020-10-16)||2.68%|
|6 months (2020-07-17)||29.21%|
|1 year (2020-01-17)||17.35%|
|2 years (2019-01-17)||15.00%|
|3 years (2018-01-17)||6.48%|
|5 years (2016-01-13)||N/A|
Is VEEM under- or over-valued?
Valuing VEEM stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of VEEM 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
VEEM 's P/E ratio
VEEM 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 29x. In other words, VEEM shares trade at around 29x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
VEEM 's EBITDA
VEEM 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $4.2 million (£0.0 million).
The EBITDA is a measure of a VEEM 's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$44.4 million|
|Operating margin TTM||5.81%|
|Gross profit TTM||$26.1 million|
|Return on assets TTM||2.76%|
|Return on equity TTM||7.78%|
|Market capitalisation||$74.8 million|
TTM: trailing 12 months
VEEM share dividends
Dividend payout ratio: 21.55% of net profits
Recently VEEM has paid out, on average, around 21.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.76% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), VEEM shareholders could enjoy a 0.76% return on their shares, in the form of dividend payments. In VEEM 's case, that would currently equate to about A$0.01 per share.
While VEEM 's payout ratio might seem low, this can signify that VEEM is investing more in its future growth.
The latest dividend was paid out to all shareholders who bought their shares by 11 September 2020 (the "ex-dividend date").
VEEM share price volatility
Over the last 12 months, VEEM 's shares have ranged in value from as little as $0.385 up to $0.58. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while VEEM 's is 0.1364. This would suggest that VEEM 's shares are less volatile than average (for this exchange).
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.
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