Why NYSE:VEEV Is a Standout High-Growth Stock in a Consolidation Phase.

For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but VEEVA SYSTEMS INC-CLASS A has caught our attention on our screen for growth with base formation. It may warrant additional investigation.

A Closer Look at Growth 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 12.56%, which is quite good.
• The Earnings Per Share has been growing by 24.47% on average over the past years. This is a very strong growth
• VEEV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.68%.
• Measured over the past years, VEEV shows a very strong growth in Revenue. The Revenue has been growing by 22.35% on average per year.
• The Earnings Per Share is expected to grow by 10.62% on average over the next years. This is quite good.
• The Revenue is expected to grow by 13.84% on average over the next years. This is quite good.

Assessing Health 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 8 out of 10:

• An Altman-Z score of 19.63 indicates that VEEV is not in any danger for bankruptcy at the moment.
• VEEV's Altman-Z score of 19.63 is amongst the best of the industry. VEEV outperforms 92.50% 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.
• A Current Ratio of 4.24 indicates that VEEV has no problem at all paying its short term obligations.
• VEEV has a better Current ratio (4.24) than 72.50% of its industry peers.
• A Quick Ratio of 4.24 indicates that VEEV has no problem at all paying its short term obligations.
• VEEV has a Quick ratio of 4.24. This is in the better half of the industry: VEEV outperforms 72.50% of its industry peers.

Analyzing Profitability Metrics

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 8:

• The Return On Assets of VEEV (8.89%) is better than 95.00% of its industry peers.
• VEEV has a better Return On Equity (11.32%) than 95.00% of its industry peers.
• With an excellent Return On Invested Capital value of 7.17%, VEEV belongs to the best of the industry, outperforming 97.50% of the companies in the same industry.
• VEEV had an Average Return On Invested Capital over the past 3 years of 10.05%. This is significantly above the industry average of 4.28%.
• VEEV has a better Profit Margin (22.24%) than 95.00% of its industry peers.
• The Operating Margin of VEEV (18.16%) is better than 97.50% of its industry peers.
• Looking at the Gross Margin, with a value of 71.35%, VEEV is in the better half of the industry, outperforming 72.50% of the companies in the same industry.

How does the Setup look for NYSE:VEEV

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:VEEV currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

VEEV has an excellent technical rating and also presents 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.

More Strong Growth stocks can be found in our Strong Growth screener.

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

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

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.