Veeco Instruments Inc
NASDAQ:VECO

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Veeco Instruments Inc
NASDAQ:VECO
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Price: 19.42 USD -1.27% Market Closed
Market Cap: 1.1B USD

Relative Value

The Relative Value of one VECO stock under the Base Case scenario is 31.8 USD. Compared to the current market price of 19.42 USD, Veeco Instruments Inc is Undervalued by 39%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

VECO Relative Value
Base Case
31.8 USD
Undervaluation 39%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
77
vs Industry
60
Median 3Y
2.1
Median 5Y
2.1
Industry
2.8
Forward
1.6
vs History
53
vs Industry
41
Median 3Y
20.3
Median 5Y
17.8
Industry
23.1
Forward
13.2
vs History
63
vs Industry
30
Median 3Y
16.8
Median 5Y
20.7
Industry
15.6
vs History
50
vs Industry
21
Median 3Y
49.1
Median 5Y
31.4
Industry
21.2
vs History
93
vs Industry
58
Median 3Y
2.4
Median 5Y
2.5
Industry
2
vs History
93
vs Industry
60
Median 3Y
2
Median 5Y
2.1
Industry
2.8
Forward
1.4
vs History
95
vs Industry
71
Median 3Y
4.9
Median 5Y
5
Industry
9.2
vs History
96
vs Industry
45
Median 3Y
13.8
Median 5Y
17
Industry
14.2
Forward
9.6
vs History
92
vs Industry
42
Median 3Y
18.8
Median 5Y
24
Industry
19.1
Forward
10.6
vs History
68
vs Industry
31
Median 3Y
16.6
Median 5Y
20.7
Industry
14.4
vs History
74
vs Industry
24
Median 3Y
33.7
Median 5Y
35.4
Industry
19.1
vs History
88
vs Industry
56
Median 3Y
1.7
Median 5Y
1.8
Industry
1.9

Multiples Across Competitors

VECO Competitors Multiples
Veeco Instruments Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Veeco Instruments Inc
NASDAQ:VECO
1.1B USD 1.5 15 8.4 10.6
NL
ASML Holding NV
AEX:ASML
236.6B EUR 8.4 31.2 22.9 25.2
US
Brooks Automation Inc
LSE:0HQ1
238.7B USD 367.4 -1 475.1 8 294.3 -4 088.5
US
Applied Materials Inc
NASDAQ:AMAT
126.2B USD 4.6 20 14.5 15.2
US
Lam Research Corp
NASDAQ:LRCX
93.7B USD 5.5 20.2 16.2 17.4
US
KLA Corp
NASDAQ:KLAC
90.5B USD 8.4 28.3 19.6 21.4
JP
Tokyo Electron Ltd
TSE:8035
9.7T JPY 4.2 18.4 13.1 14.3
CN
NAURA Technology Group Co Ltd
SZSE:002371
244.2B CNY 7.6 40.2 33.6 33.6
JP
Advantest Corp
TSE:6857
4.6T JPY 6 28.8 17.2 19.3
NL
ASM International NV
AEX:ASM
21.2B EUR 7.2 30.9 20.3 25.3
JP
Disco Corp
TSE:6146
3.1T JPY 7.8 24.9 15.9 17.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Veeco Instruments Inc
NASDAQ:VECO
Average EV/EBITDA: 770.6
8.4
6%
1.4
NL
ASML Holding NV
AEX:ASML
22.9
19%
1.2
US
B
Brooks Automation Inc
LSE:0HQ1
8 294.3
78%
106.3
US
Applied Materials Inc
NASDAQ:AMAT
14.5
9%
1.6
US
Lam Research Corp
NASDAQ:LRCX
16.2
16%
1
US
KLA Corp
NASDAQ:KLAC
19.6
14%
1.4
JP
Tokyo Electron Ltd
TSE:8035
13.1
23%
0.6
CN
NAURA Technology Group Co Ltd
SZSE:002371
33.6
32%
1
JP
Advantest Corp
TSE:6857
17.2
N/A N/A
NL
ASM International NV
AEX:ASM
20.3
21%
1
JP
Disco Corp
TSE:6146
15.9
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Veeco Instruments Inc
NASDAQ:VECO
Average EV/EBIT: 19.9
10.6
-2%
N/A
NL
ASML Holding NV
AEX:ASML
25.2
18%
1.4
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -4 088.5 N/A N/A
US
Applied Materials Inc
NASDAQ:AMAT
15.2
9%
1.7
US
Lam Research Corp
NASDAQ:LRCX
17.4
16%
1.1
US
KLA Corp
NASDAQ:KLAC
21.4
15%
1.4
JP
Tokyo Electron Ltd
TSE:8035
14.3
N/A N/A
CN
NAURA Technology Group Co Ltd
SZSE:002371
33.6
27%
1.2
JP
Advantest Corp
TSE:6857
19.3
N/A N/A
NL
ASM International NV
AEX:ASM
25.3
20%
1.3
JP
Disco Corp
TSE:6146
17.1
N/A N/A