VEEVA SYSTEMS INC-CLASS A (VEEV) Fundamental Analysis & Valuation

NYSE:VEEV • US9224751084

Current stock price

187.79 USD
+2.51 (+1.35%)
Last:

This VEEV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. VEEV Profitability Analysis

1.1 Basic Checks

  • In the past year VEEV was profitable.
  • VEEV had a positive operating cash flow in the past year.
  • Each year in the past 5 years VEEV has been profitable.
  • In the past 5 years VEEV always reported a positive cash flow from operatings.
VEEV Yearly Net Income VS EBIT VS OCF VS FCFVEEV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B

1.2 Ratios

  • The Return On Assets of VEEV (10.12%) is better than 91.43% of its industry peers.
  • VEEV has a Return On Equity of 12.60%. This is amongst the best in the industry. VEEV outperforms 91.43% of its industry peers.
  • VEEV's Return On Invested Capital of 9.92% is amongst the best of the industry. VEEV outperforms 91.43% of its industry peers.
  • VEEV had an Average Return On Invested Capital over the past 3 years of 8.63%. This is in line with the industry average of 7.42%.
  • The 3 year average ROIC (8.63%) for VEEV is below the current ROIC(9.92%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.12%
ROE 12.6%
ROIC 9.92%
ROA(3y)9.58%
ROA(5y)10.02%
ROE(3y)12.05%
ROE(5y)12.79%
ROIC(3y)8.63%
ROIC(5y)9.65%
VEEV Yearly ROA, ROE, ROICVEEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 28.44%, VEEV belongs to the top of the industry, outperforming 97.14% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VEEV has grown nicely.
  • VEEV has a better Operating Margin (29.64%) than 97.14% of its industry peers.
  • VEEV's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 75.53%, VEEV is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • VEEV's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.64%
PM (TTM) 28.44%
GM 75.53%
OM growth 3Y11.63%
OM growth 5Y2.82%
PM growth 3Y7.92%
PM growth 5Y1.86%
GM growth 3Y1.74%
GM growth 5Y0.94%
VEEV Yearly Profit, Operating, Gross MarginsVEEV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20 40 60

9

2. VEEV Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VEEV is still creating some value.
  • Compared to 1 year ago, VEEV has more shares outstanding
  • The number of shares outstanding for VEEV has been increased compared to 5 years ago.
  • 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.
VEEV Yearly Shares OutstandingVEEV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50M 100M 150M
VEEV Yearly Total Debt VS Total AssetsVEEV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 12.59 indicates that VEEV is not in any danger for bankruptcy at the moment.
  • VEEV's Altman-Z score of 12.59 is amongst the best of the industry. VEEV outperforms 88.57% 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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 12.59
ROIC/WACC1.04
WACC9.56%
VEEV Yearly LT Debt VS Equity VS FCFVEEV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 4.89 indicates that VEEV has no problem at all paying its short term obligations.
  • The Current ratio of VEEV (4.89) is better than 85.71% of its industry peers.
  • VEEV has a Quick Ratio of 4.89. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
  • VEEV's Quick ratio of 4.89 is amongst the best of the industry. VEEV outperforms 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 4.89
Quick Ratio 4.89
VEEV Yearly Current Assets VS Current LiabilitesVEEV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2B 4B 6B

7

3. VEEV Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 21.94% over the past year.
  • The Earnings Per Share has been growing by 22.35% on average over the past years. This is a very strong growth
  • The Revenue has grown by 16.34% in the past year. This is quite good.
  • Measured over the past years, VEEV shows a quite strong growth in Revenue. The Revenue has been growing by 16.88% on average per year.
EPS 1Y (TTM)21.94%
EPS 3Y23.3%
EPS 5Y22.35%
EPS Q2Q%18.39%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y14.03%
Revenue growth 5Y16.88%
Sales Q2Q%15.96%

3.2 Future

  • VEEV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.39% yearly.
  • VEEV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.80% yearly.
EPS Next Y8.63%
EPS Next 2Y11.32%
EPS Next 3Y11.47%
EPS Next 5Y12.39%
Revenue Next Year12.28%
Revenue Next 2Y12.47%
Revenue Next 3Y13.16%
Revenue Next 5Y13.8%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
VEEV Yearly Revenue VS EstimatesVEEV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B
VEEV Yearly EPS VS EstimatesVEEV Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5 10 15

4

4. VEEV Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 23.30, which indicates a rather expensive current valuation of VEEV.
  • VEEV's Price/Earnings ratio is a bit cheaper when compared to the industry. VEEV is cheaper than 74.29% of the companies in the same industry.
  • VEEV is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 21.45, VEEV is valued on the expensive side.
  • VEEV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VEEV is cheaper than 71.43% of the companies in the same industry.
  • VEEV's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.04.
Industry RankSector Rank
PE 23.3
Fwd PE 21.45
VEEV Price Earnings VS Forward Price EarningsVEEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VEEV is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, VEEV is valued a bit cheaper than 65.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.27
EV/EBITDA 19.04
VEEV Per share dataVEEV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VEEV does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of VEEV may justify a higher PE ratio.
PEG (NY)2.7
PEG (5Y)1.04
EPS Next 2Y11.32%
EPS Next 3Y11.47%

0

5. VEEV Dividend Analysis

5.1 Amount

  • VEEV does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

VEEV Fundamentals: All Metrics, Ratios and Statistics

VEEVA SYSTEMS INC-CLASS A

NYSE:VEEV (3/17/2026, 10:52:09 AM)

187.79

+2.51 (+1.35%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Technology
Earnings (Last)03-04
Earnings (Next)05-26
Inst Owners88.29%
Inst Owner Change-2.61%
Ins Owners8.44%
Ins Owner Change-0.04%
Market Cap30.87B
Revenue(TTM)3.20B
Net Income(TTM)908.91M
Analysts80
Price Target309.41 (64.76%)
Short Float %3.72%
Short Ratio2.53
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.51%
Min EPS beat(2)2.55%
Max EPS beat(2)4.48%
EPS beat(4)4
Avg EPS beat(4)5.21%
Min EPS beat(4)2.55%
Max EPS beat(4)11.08%
EPS beat(8)8
Avg EPS beat(8)5.51%
EPS beat(12)12
Avg EPS beat(12)5.58%
EPS beat(16)15
Avg EPS beat(16)5.27%
Revenue beat(2)2
Avg Revenue beat(2)0.71%
Min Revenue beat(2)0.32%
Max Revenue beat(2)1.1%
Revenue beat(4)4
Avg Revenue beat(4)0.94%
Min Revenue beat(4)0.32%
Max Revenue beat(4)1.66%
Revenue beat(8)5
Avg Revenue beat(8)0.37%
Revenue beat(12)6
Avg Revenue beat(12)-0.06%
Revenue beat(16)6
Avg Revenue beat(16)-0.19%
PT rev (1m)-1.38%
PT rev (3m)-3.02%
EPS NQ rev (1m)2.94%
EPS NQ rev (3m)2.94%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)0.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.03%
Valuation
Industry RankSector Rank
PE 23.3
Fwd PE 21.45
P/S 9.66
P/FCF 22.27
P/OCF 21.81
P/B 4.28
P/tB 4.58
EV/EBITDA 19.04
EPS(TTM)8.06
EY4.29%
EPS(NY)8.76
Fwd EY4.66%
FCF(TTM)8.43
FCFY4.49%
OCF(TTM)8.61
OCFY4.58%
SpS19.44
BVpS43.89
TBVpS41.03
PEG (NY)2.7
PEG (5Y)1.04
Graham Number89.22
Profitability
Industry RankSector Rank
ROA 10.12%
ROE 12.6%
ROCE 12.9%
ROIC 9.92%
ROICexc 93.17%
ROICexgc 233.9%
OM 29.64%
PM (TTM) 28.44%
GM 75.53%
FCFM 43.38%
ROA(3y)9.58%
ROA(5y)10.02%
ROE(3y)12.05%
ROE(5y)12.79%
ROIC(3y)8.63%
ROIC(5y)9.65%
ROICexc(3y)69.24%
ROICexc(5y)64.67%
ROICexgc(3y)190.78%
ROICexgc(5y)289.89%
ROCE(3y)11.23%
ROCE(5y)12.55%
ROICexgc growth 3Y4.54%
ROICexgc growth 5Y-1.37%
ROICexc growth 3Y22.4%
ROICexc growth 5Y16.41%
OM growth 3Y11.63%
OM growth 5Y2.82%
PM growth 3Y7.92%
PM growth 5Y1.86%
GM growth 3Y1.74%
GM growth 5Y0.94%
F-Score7
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 76.72%
Cap/Sales 0.91%
Interest Coverage 250
Cash Conversion 143.68%
Profit Quality 152.5%
Current Ratio 4.89
Quick Ratio 4.89
Altman-Z 12.59
F-Score7
WACC9.56%
ROIC/WACC1.04
Cap/Depr(3y)69.7%
Cap/Depr(5y)61.46%
Cap/Sales(3y)0.92%
Cap/Sales(5y)0.83%
Profit Quality(3y)156.88%
Profit Quality(5y)160.69%
High Growth Momentum
Growth
EPS 1Y (TTM)21.94%
EPS 3Y23.3%
EPS 5Y22.35%
EPS Q2Q%18.39%
EPS Next Y8.63%
EPS Next 2Y11.32%
EPS Next 3Y11.47%
EPS Next 5Y12.39%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y14.03%
Revenue growth 5Y16.88%
Sales Q2Q%15.96%
Revenue Next Year12.28%
Revenue Next 2Y12.47%
Revenue Next 3Y13.16%
Revenue Next 5Y13.8%
EBIT growth 1Y35.98%
EBIT growth 3Y27.3%
EBIT growth 5Y20.18%
EBIT Next Year14.38%
EBIT Next 3Y14.77%
EBIT Next 5Y16.1%
FCF growth 1Y29.6%
FCF growth 3Y21.81%
FCF growth 5Y20.64%
OCF growth 1Y29.83%
OCF growth 3Y21.94%
OCF growth 5Y20.75%

VEEVA SYSTEMS INC-CLASS A / VEEV Fundamental Analysis FAQ

What is the fundamental rating for VEEV stock?

ChartMill assigns a fundamental rating of 7 / 10 to VEEV.


What is the valuation status for VEEV stock?

ChartMill assigns a valuation rating of 4 / 10 to VEEVA SYSTEMS INC-CLASS A (VEEV). This can be considered as Fairly Valued.


How profitable is VEEVA SYSTEMS INC-CLASS A (VEEV) stock?

VEEVA SYSTEMS INC-CLASS A (VEEV) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for VEEV stock?

The Price/Earnings (PE) ratio for VEEVA SYSTEMS INC-CLASS A (VEEV) is 23.3 and the Price/Book (PB) ratio is 4.28.


What is the financial health of VEEVA SYSTEMS INC-CLASS A (VEEV) stock?

The financial health rating of VEEVA SYSTEMS INC-CLASS A (VEEV) is 9 / 10.