NYSE:VEEV—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

Last update: Aug 16, 2024

Exploring Growth Potential: VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and VEEVA SYSTEMS INC-CLASS A has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected VEEVA SYSTEMS INC-CLASS A on our screen for growth with base formation, suggesting it merits a closer look.

Assessing Growth Metrics for NYSE:VEEV

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NYSE:VEEV has received a 8 out of 10:

The Earnings Per Share has grown by an impressive 28.67% over the past year.
The Earnings Per Share has been growing by 24.47% on average over the past years. This is a very strong growth
The Revenue has grown by 14.31% in the past year. This is quite good.
The Revenue has been growing by 22.35% on average over the past years. This is a very strong growth!
Based on estimates for the next years, VEEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.59% on average per year.
Based on estimates for the next years, VEEV will show a quite strong growth in Revenue. The Revenue will grow by 13.11% on average per year.

Health Assessment of NYSE:VEEV

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:VEEV has earned a 8 out of 10:

An Altman-Z score of 16.53 indicates that VEEV is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 16.53, VEEV belongs to the top of the industry, outperforming 94.74% 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.
VEEV has a Current Ratio of 4.29. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
VEEV's Current ratio of 4.29 is fine compared to the rest of the industry. VEEV outperforms 78.95% of its industry peers.
A Quick Ratio of 4.29 indicates that VEEV has no problem at all paying its short term obligations.
With a decent Quick ratio value of 4.29, VEEV is doing good in the industry, outperforming 78.95% of the companies in the same industry.

Profitability Analysis for NYSE:VEEV

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 7 for profitability:

Looking at the Return On Assets, with a value of 8.98%, VEEV belongs to the top of the industry, outperforming 94.74% of the companies in the same industry.
With an excellent Return On Equity value of 11.37%, VEEV belongs to the best of the industry, outperforming 92.11% of the companies in the same industry.
With an excellent Return On Invested Capital value of 8.40%, VEEV belongs to the best of the industry, outperforming 97.37% 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 above the industry average of 6.11%.
The Profit Margin of VEEV (22.34%) is better than 94.74% of its industry peers.
Looking at the Operating Margin, with a value of 21.22%, VEEV belongs to the top of the industry, outperforming 97.37% of the companies in the same industry.
With a decent Gross Margin value of 72.48%, VEEV is doing good in the industry, outperforming 73.68% of the companies in the same industry.

Looking at the Setup

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NYSE:VEEV is 8:

Although the technical rating is bad, VEEV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 192.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 190.28, 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.

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

Keep in mind

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.