Risk factor
Very high price volatility
Profitability factor
Very favourable analyst view
About
VEEM Ltd specializes in the production and distribution of marine propulsion and stabilization systems. Its diverse product portfolio includes gyroscopic stabilizers, precision CNC-machined monobloc propellers, robust shaft lines, and advanced marine ride control fins. The company also fabricates "forever pipe," which are bimetallic hollow bars created through centrifugal casting, and offers a range of engineering services. Additionally, VEEM develops custom-engineered components tailored for the defense, mining, and processing sectors. Established in 1968, the firm is headquartered in Canning Vale, Australia, and operates as a subsidiary of Veem Corporation Pty Ltd.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. Specifically, the stock is 'expensive' on P/E, neutral on EV/EBITDA
Target Price
The average target price of VEE.AX is 0.86 and suggests 46% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr