Discounted Cash Flow

Veeco Instruments Inc.

VECO · Based on 10 years of SEC filings

DCF estimate unavailable — only_4_profitable_out_of_10

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $332.5m $-122.2m $-35.3m -36.8% $-3.11
2017 $484.8m (45.8%) $-44.8m (63.3%) $9.9m (128.0%) -9.2% (74.9%) $-1.01 (67.5%)
2018 $542.1m (11.8%) $-407.1m (-808.8%) $-50.4m (-610.4%) -75.1% (-712.7%) $-8.63 (-754.5%)
2019 $419.3m (-22.6%) $-78.7m (80.7%) $-18.3m (63.7%) -18.8% (75.0%) $-1.66 (80.8%)
2020 $454.2m (8.3%) $-8.4m (89.3%) $36.2m (298.0%) -1.8% (90.2%) $-0.17 (89.8%)
2021 $583.3m (28.4%) $26.0m (410.3%) $27.1m (-25.2%) 4.5% (341.6%) $0.53 (411.8%)
2022 $646.1m (10.8%) $166.9m (541.1%) $83.9m (209.5%) 25.8% (478.8%) $3.35 (532.1%)
2023 $666.4m (3.1%) $-30.4m (-118.2%) $33.7m (-59.8%) -4.6% (-117.6%) $-0.56 (-116.7%)
2024 $717.3m (7.6%) $73.7m (342.7%) $45.7m (35.4%) 10.3% (325.5%) $1.31 (333.9%)
2025 $664.3m (-7.4%) $35.4m (-52.0%) $53.3m (16.6%) 5.3% (-48.2%) $0.60 (-54.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

only_4_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.