Veeco Instruments Inc.

Veeco Instruments Inc.

VECOยทNASDAQ

$60.46

-0.40%
TechnologySemiconductors

Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test, hard disk drive, and photonics manufacturers; and research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.

At a Glance

Live Snapshot
Market Cap$3.69B
EPS0.6000
P/E Ratio100.77
Earnings Date08/05/2026
Veeco Instruments Inc.

Veeco Instruments Inc. Fair Value Envelope

VECO ยท NASDAQ

Our analysis suggests that VECO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $60.46, this represents a potential HIDDEN relative to our calculated worth for Veeco Instruments Inc..

Intrinsic Value
Current Price: $60.46

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$877.9M
+ Cash & Equivalents$163.5M
Firm Value$1.0B
- Debt$257.8M
Equity Value$783.5M
/ Shares Outstanding60,162,500B
DCF Value$13
OVERVALUED BY 78%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$63.8M
$63.8M
$63.8M
$63.8M
$63.8M
$63.8M
$63.8M
$63.8M
$63.8M
$63.8M
Maintenance CapEx
-$3.6M
-$3.6M
-$3.6M
-$3.6M
-$3.6M
-$3.6M
-$3.6M
-$3.6M
-$3.6M
-$3.6M
Owner Earnings
$60.2M
$60.2M
$60.2M
$60.2M
$60.2M
$60.2M
$60.2M
$60.2M
$60.2M
$60.2M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$55.7M
$51.6M
$47.8M
$44.2M
$41.0M
$37.9M
$35.1M
$32.5M
$30.1M
$27.9M
Terminal Value represents 54.0% of Enterprise Value