NYSE:VEEV, a strong growth stock, setting up for a breakout.

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.

Growth Examination for NYSE:VEEV

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NYSE:VEEV scores a 8 out of 10:

• VEEV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.83%, 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.
• VEEV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.55%.
• 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 11.87% on average over the next years. This is quite good.
• The Revenue is expected to grow by 12.03% on average over the next years. This is quite good.

Health Analysis for NYSE:VEEV

Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:VEEV has achieved a 9 out of 10:

• An Altman-Z score of 26.04 indicates that VEEV is not in any danger for bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 26.04, VEEV belongs to the top of the industry, outperforming 95.12% of the companies in the same industry.
• 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 5.64 indicates that VEEV has no problem at all paying its short term obligations.
• VEEV's Current ratio of 5.64 is amongst the best of the industry. VEEV outperforms 80.49% of its industry peers.
• VEEV has a Quick Ratio of 5.64. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
• VEEV has a better Quick ratio (5.64) than 80.49% of its industry peers.

Assessing Profitability for NYSE:VEEV

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:VEEV, the assigned 9 is a significant indicator of profitability:

• VEEV has a Return On Assets of 10.85%. This is amongst the best in the industry. VEEV outperforms 97.56% of its industry peers.
• With an excellent Return On Equity value of 12.94%, VEEV belongs to the best of the industry, outperforming 95.12% of the companies in the same industry.
• With an excellent Return On Invested Capital value of 8.10%, VEEV belongs to the best of the industry, outperforming 97.56% of the companies in the same industry.
• The Average Return On Invested Capital over the past 3 years for VEEV is significantly above the industry average of 4.22%.
• The last Return On Invested Capital (8.10%) 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.
• With an excellent Profit Margin value of 24.68%, VEEV belongs to the best of the industry, outperforming 95.12% of the companies in the same industry.
• VEEV has a better Operating Margin (17.54%) than 95.12% of its industry peers.
• VEEV has a better Gross Margin (70.93%) than 73.17% of its industry peers.

How do we evaluate the setup for NYSE:VEEV?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:VEEV exhibits a 7 setup rating, indicating its consolidation status in recent days and weeks.

Besides having an excellent technical rating, VEEV also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 199.55, 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.

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

Check the latest full technical report of VEEV for a complete technical analysis.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.