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

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.

A Closer Look at Growth for NYSE:VEEV

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NYSE:VEEV boasts a 8 out of 10:

• The Earnings Per Share has grown by an nice 12.56% over the past year.
• Measured over the past years, VEEV shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.47% on average per year.
• The Revenue has grown by 9.68% in the past year. This is quite good.
• 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.
• VEEV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.84% yearly.

Understanding NYSE:VEEV's Health Score

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 17.48 indicates that VEEV is not in any danger for bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 17.48, VEEV belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
• 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.
• With a decent Current ratio value of 4.24, VEEV is doing good in the industry, outperforming 74.36% of the companies in the same industry.
• VEEV has a Quick Ratio of 4.24. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
• VEEV has a better Quick ratio (4.24) than 74.36% of its industry peers.

Exploring NYSE:VEEV's Profitability

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:VEEV was assigned a score of 8 for profitability:

• The Return On Assets of VEEV (8.89%) is better than 94.87% of its industry peers.
• VEEV's Return On Equity of 11.32% is amongst the best of the industry. VEEV outperforms 94.87% of its industry peers.
• VEEV's Return On Invested Capital of 7.17% is amongst the best of the industry. VEEV outperforms 97.44% of its industry peers.
• The Average Return On Invested Capital over the past 3 years for VEEV is significantly above the industry average of 4.85%.
• The Profit Margin of VEEV (22.24%) is better than 94.87% of its industry peers.
• VEEV's Operating Margin of 18.16% is amongst the best of the industry. VEEV outperforms 97.44% of its industry peers.
• VEEV has a Gross Margin of 71.35%. This is in the better half of the industry: VEEV outperforms 71.79% of its industry peers.

Why is NYSE:VEEV a setup?

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NYSE:VEEV scores a 7 out of 10:

Although the technical rating is bad, VEEV does present a nice setup opportunity. 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 200.21, a Stop Loss order could be placed below this zone.

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

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

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.