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Exploring the Growth Potential of NYSE:VEEV as It Nears a Breakout.

By Mill Chart

Last update: Sep 26, 2023

Exploring Growth Potential: VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and VEEVA SYSTEMS INC-CLASS A has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected VEEVA SYSTEMS INC-CLASS A on our screen for growth with base formation, suggesting it merits a closer look.

Growth Analysis for NYSE:VEEV

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NYSE:VEEV has earned a 8 for growth:

  • VEEV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.11%, which is quite good.
  • Measured over the past years, VEEV shows a very strong growth in Earnings Per Share. The EPS has been growing by 35.83% on average per year.
  • Looking at the last year, VEEV shows a quite strong growth in Revenue. The Revenue has grown by 11.56% in the last year.
  • The Revenue has been growing by 25.56% on average over the past years. This is a very strong growth!
  • Based on estimates for the next years, VEEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.61% on average per year.
  • The Revenue is expected to grow by 14.40% on average over the next years. This is quite good.

What does the Health looks like for NYSE:VEEV

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NYSE:VEEV was assigned a score of 8 for health:

  • An Altman-Z score of 18.74 indicates that VEEV is not in any danger for bankruptcy at the moment.
  • VEEV has a Altman-Z score of 18.74. This is amongst the best in the industry. VEEV outperforms 97.50% of its industry peers.
  • There is no outstanding debt for VEEV. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
  • A Current Ratio of 4.35 indicates that VEEV has no problem at all paying its short term obligations.
  • The Current ratio of VEEV (4.35) is better than 72.50% of its industry peers.
  • VEEV has a Quick Ratio of 4.35. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Quick ratio value of 4.35, VEEV is doing good in the industry, outperforming 72.50% of the companies in the same industry.

Profitability Examination for NYSE:VEEV

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NYSE:VEEV scores a 9 out of 10:

  • The Return On Assets of VEEV (10.33%) is better than 100.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 13.01%, VEEV belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • VEEV has a better Return On Invested Capital (8.39%) than 97.50% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VEEV is significantly above the industry average of 3.72%.
  • The last Return On Invested Capital (8.39%) for VEEV is well below the 3 year average (13.53%), which needs to be investigated, but indicates that VEEV had better years and this may not be a problem.
  • VEEV's Profit Margin of 24.20% is amongst the best of the industry. VEEV outperforms 92.50% of its industry peers.
  • VEEV has a Operating Margin of 17.74%. This is amongst the best in the industry. VEEV outperforms 95.00% of its industry peers.
  • VEEV has a Gross Margin of 70.71%. This is in the better half of the industry: VEEV outperforms 72.50% of its industry peers.

Why is NYSE:VEEV a setup?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:VEEV is 7:

VEEV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 196.95, a Stop Loss order could be placed below this zone.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

For an up to date full fundamental analysis you can check the fundamental report of VEEV

For an up to date full technical analysis you can check the technical report of VEEV

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.

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VEEVA SYSTEMS INC-CLASS A

NYSE:VEEV (2/21/2024, 4:18:18 PM)

After market: 218 +1.63 (+0.75%)

216.37

-2.39 (-1.09%)

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