VEE is expecting growth across all their businesses categories of defence, propulsion, gyrostabilisers and engineering. They raised $14m in FY25 to help with working capital in readiness for increase in defence and gyrostabilisers orders and expanded their propulsion capacity to accommodate for expected future demand.
VEE are also exploring entry into the US defence supply chain and see this potentially as a significant growth area. As I have noted in previous analysis VEE are a world class manufacturer of precision marine parts, products and systems via their in-house research and development. With this being their competitive advantage.
The next 2-3 years are looking positive for VEE and they have balance sheet strength and the technical capabilities to take advantage of the demand for their products and knowhow.
They are currently trading on a PE of 23.6 which is at the lower end of their PE range.
The market has gotten carried away with VEE before and I am not expecting this to happen again, but as demand keeps increasing and more orders start coming in. I will be expecting positive market updates and results to follow and I can see their PE ratio and share price heading higher.
I am waiting for their annual report due for release on 27th August 2026, before I do a more in-depth analysis and valuation. You can read previous articles here.
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Reference to specific securities (if any) is included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same. All securities mentioned herein may or may not form part of my holdings at a certain point in time, and the holdings may change over time.
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