Veem Ltd
VEEM Ltd engages in designing, manufacturing, and selling of marine propulsion and stabilization systems in Australia. It offers gyrostabilizers; CNC machined monobloc propellers; and forever pipe, a piping solution for the processing industry. The company also provides conquest propellers, shaft lines, and marine ride control fins. In addition, it offers bespoke engineered products and services … Read more
Veem Ltd (VEE) - Net Assets
Latest net assets as of June 2025: AU$54.29 Million AUD
Based on the latest financial reports, Veem Ltd (VEE) has net assets worth AU$54.29 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$97.22 Million) and total liabilities (AU$42.93 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$54.29 Million |
| % of Total Assets | 55.85% |
| Annual Growth Rate | 8.48% |
| 5-Year Change | 48.25% |
| 10-Year Change | 124.19% |
| Growth Volatility | 5.76 |
Veem Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Veem Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Veem Ltd (2013–2025)
The table below shows the annual net assets of Veem Ltd from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$54.29 Million | +3.84% |
| 2024-06-30 | AU$52.28 Million | +11.66% |
| 2023-06-30 | AU$46.82 Million | +7.38% |
| 2022-06-30 | AU$43.60 Million | +19.06% |
| 2021-06-30 | AU$36.62 Million | +12.47% |
| 2020-06-30 | AU$32.56 Million | +5.34% |
| 2019-06-30 | AU$30.91 Million | +4.87% |
| 2018-06-30 | AU$29.48 Million | +2.33% |
| 2017-06-30 | AU$28.81 Million | +18.95% |
| 2016-06-30 | AU$24.22 Million | +6.67% |
| 2015-06-30 | AU$22.70 Million | +0.68% |
| 2014-06-30 | AU$22.55 Million | +10.31% |
| 2013-06-30 | AU$20.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Veem Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 111.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$42.30 Million | 77.92% |
| Common Stock | AU$11.66 Million | 21.48% |
| Other Comprehensive Income | AU$324.96K | 0.60% |
| Other Components | AU$1.00 | 0.00% |
| Total Equity | AU$54.29 Million | 100.00% |
Veem Ltd Competitors by Market Cap
The table below lists competitors of Veem Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deniz Gayrimenkul Yatirim Ortakligi AS
IS:DZGYO
|
$24.40 Million |
|
Transport and Industry Development Investment JSC
VN:TCD
|
$24.40 Million |
|
Winix Inc
KQ:044340
|
$24.40 Million |
|
Peña Verde S.A.B
MX:PV
|
$24.42 Million |
|
Ninety One Ltd
JSE:NY1
|
$24.39 Million |
|
6K Additive Inc
AU:6KA
|
$24.39 Million |
|
EuroDry Ltd
NASDAQ:EDRY
|
$24.38 Million |
|
Cartier Resources Inc
PINK:ECRFF
|
$24.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Veem Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 52,283,528 to 54,293,090, a change of 2,009,562 (3.8%).
- Net income of 3,018,687 contributed positively to equity growth.
- Dividend payments of 1,358,180 reduced retained earnings.
- Other comprehensive income increased equity by 183,255.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$3.02 Million | +5.56% |
| Dividends Paid | AU$1.36 Million | -2.5% |
| Other Comprehensive Income | AU$183.25K | +0.34% |
| Other Changes | AU$165.80K | +0.31% |
| Total Change | AU$- | 3.84% |
Book Value vs Market Value Analysis
This analysis compares Veem Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.45x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.01x to 1.45x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-06-30 | AU$51.02 | AU$0.58 | x |
| 2014-06-30 | AU$56.28 | AU$0.58 | x |
| 2015-06-30 | AU$56.66 | AU$0.58 | x |
| 2016-06-30 | AU$0.19 | AU$0.58 | x |
| 2017-06-30 | AU$0.24 | AU$0.58 | x |
| 2018-06-30 | AU$0.23 | AU$0.58 | x |
| 2019-06-30 | AU$0.24 | AU$0.58 | x |
| 2020-06-30 | AU$0.25 | AU$0.58 | x |
| 2021-06-30 | AU$0.28 | AU$0.58 | x |
| 2022-06-30 | AU$0.32 | AU$0.58 | x |
| 2023-06-30 | AU$0.34 | AU$0.58 | x |
| 2024-06-30 | AU$0.38 | AU$0.58 | x |
| 2025-06-30 | AU$0.40 | AU$0.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Veem Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.40%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.79x
- Recent ROE (5.56%) is below the historical average (12.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 19.19% | 10.36% | 1.18x | 1.57x | AU$1.88 Million |
| 2014 | 23.98% | 13.58% | 1.15x | 1.54x | AU$3.15 Million |
| 2015 | 17.85% | 10.53% | 1.17x | 1.45x | AU$1.78 Million |
| 2016 | 20.71% | 12.12% | 1.12x | 1.53x | AU$2.59 Million |
| 2017 | 13.36% | 10.11% | 0.86x | 1.53x | AU$968.17K |
| 2018 | 9.35% | 6.77% | 0.79x | 1.75x | AU$-190.70K |
| 2019 | 7.22% | 4.96% | 0.88x | 1.65x | AU$-860.38K |
| 2020 | 7.59% | 5.57% | 0.67x | 2.02x | AU$-786.02K |
| 2021 | 13.41% | 8.26% | 0.85x | 1.92x | AU$1.25 Million |
| 2022 | 2.90% | 2.34% | 0.67x | 1.85x | AU$-3.09 Million |
| 2023 | 8.78% | 6.91% | 0.65x | 1.95x | AU$-569.98K |
| 2024 | 13.36% | 8.68% | 0.86x | 1.80x | AU$1.76 Million |
| 2025 | 5.56% | 4.40% | 0.71x | 1.79x | AU$-2.41 Million |
Industry Comparison
This section compares Veem Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $30,846,790
- Average return on equity (ROE) among peers: -7.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Veem Ltd (VEE) | AU$54.29 Million | 19.19% | 0.79x | $24.40 Million |
| Droneshield Ltd (DRO) | $19.59 Million | -29.95% | 0.18x | $1.92 Billion |
| Highcom Ltd (HCL) | $42.10 Million | 14.47% | 0.81x | $9.01 Million |