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Why NYSE:VEEV Is a Promising High-Growth Stock in the Midst of Consolidation.

By Mill Chart

Last update: Nov 6, 2023

In this article we will dive into VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) as a possible candidate for growth investing. Investors should always do their own research, but we noticed VEEVA SYSTEMS INC-CLASS A showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.

A Closer Look at Growth for NYSE:VEEV

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NYSE:VEEV has received a 8 out of 10:

  • 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.
  • The Revenue has grown by 11.56% in the past year. This is quite good.
  • VEEV shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 25.56% yearly.
  • The Earnings Per Share is expected to grow by 13.33% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 12.76% on average over the next years. This is quite good.

Understanding NYSE:VEEV's Health Score

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NYSE:VEEV has earned a 8 out of 10:

  • VEEV has an Altman-Z score of 19.55. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
  • VEEV has a better Altman-Z score (19.55) than 97.67% of its industry peers.
  • VEEV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
  • VEEV has a Current Ratio of 4.35. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
  • VEEV's Current ratio of 4.35 is fine compared to the rest of the industry. VEEV outperforms 72.09% of its industry peers.
  • A Quick Ratio of 4.35 indicates that VEEV has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 4.35, VEEV is in the better half of the industry, outperforming 72.09% of the companies in the same industry.

Profitability Insights: NYSE:VEEV

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:VEEV has achieved a 9:

  • VEEV's Return On Assets of 10.33% is amongst the best of the industry. VEEV outperforms 100.00% of its industry peers.
  • VEEV has a Return On Equity of 13.01%. This is amongst the best in the industry. VEEV outperforms 100.00% of its industry peers.
  • VEEV's Return On Invested Capital of 8.39% is amongst the best of the industry. VEEV outperforms 97.67% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VEEV is significantly above the industry average of 3.71%.
  • The 3 year average ROIC (13.53%) for VEEV is well above the current ROIC(8.39%). The reason for the recent decline needs to be investigated.
  • With an excellent Profit Margin value of 24.20%, VEEV belongs to the best of the industry, outperforming 95.35% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 17.74%, VEEV belongs to the top of the industry, outperforming 95.35% of the companies in the same industry.
  • VEEV has a Gross Margin of 70.71%. This is in the better half of the industry: VEEV outperforms 72.09% of its industry peers.

Looking at the Setup

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:VEEV this score is currently 7:

Although the technical rating is only medium, VEEV does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 187.61, a Stop Loss order could be placed below this zone.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

Our latest full fundamental report of VEEV contains the most current fundamental analsysis.

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

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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VEEVA SYSTEMS INC-CLASS A

NYSE:VEEV (2/21/2024, 7:13:42 PM)

Premarket: 219.14 +2.77 (+1.28%)

216.37

-2.39 (-1.09%)

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