NYSE:VEEV—A High-Growth Stock Gearing Up for Its Next Upward Move.

In this article, we'll take a closer look at VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) as a potential candidate for growth investing. While it's important for investors to conduct their own research, VEEVA SYSTEMS INC-CLASS A has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.

Growth Assessment of NYSE:VEEV

To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NYSE:VEEV has achieved 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.
• Looking at the last year, VEEV shows a quite strong growth in Revenue. The Revenue has grown by 10.55% in the last year.
• Measured over the past years, VEEV shows a very strong growth in Revenue. The Revenue has been growing by 25.56% on average per year.
• Based on estimates for the next years, VEEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.87% on average per year.
• The Revenue is expected to grow by 12.03% on average over the next years. This is quite good.

A Closer Look at Health for NYSE:VEEV

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:VEEV has received a 8 out of 10:

• An Altman-Z score of 26.92 indicates that VEEV is not in any danger for bankruptcy at the moment.
• VEEV's Altman-Z score of 26.92 is amongst the best of the industry. VEEV outperforms 95.00% 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.
• VEEV has a Current 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 Current ratio (5.64) than 80.00% 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.
• Looking at the Quick ratio, with a value of 5.64, VEEV is in the better half of the industry, outperforming 80.00% of the companies in the same industry.

How do we evaluate the Profitability for 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:

• Looking at the Return On Assets, with a value of 10.85%, VEEV belongs to the top of the industry, outperforming 97.50% of the companies in the same industry.
• The Return On Equity of VEEV (12.94%) is better than 95.00% of its industry peers.
• VEEV has a better Return On Invested Capital (8.10%) 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 4.47%.
• The 3 year average ROIC (13.53%) for VEEV is well above the current ROIC(8.10%). The reason for the recent decline needs to be investigated.
• The Profit Margin of VEEV (24.68%) is better than 95.00% of its industry peers.
• VEEV has a Operating Margin of 17.54%. This is amongst the best in the industry. VEEV outperforms 95.00% of its industry peers.
• The Gross Margin of VEEV (70.93%) is better than 72.50% of its industry peers.

How does the Setup look for NYSE:VEEV

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:VEEV has a 7 as its setup rating:

VEEV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 222.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 218.54, 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.

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

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

Keep in mind

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.