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

Last update: Nov 7, 2024

In this article we will dive into VEEVA SYSTEMS INC-CLASS A (NYSE:VEEV) as a possible candidate for growth investing. Investors should always do their own research, but we noticed VEEVA SYSTEMS INC-CLASS A showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.

ChartMill's Evaluation of Growth

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 32.73%, which is quite impressive.
VEEV shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.47% yearly.
The Revenue has grown by 15.29% in the past year. This is quite good.
VEEV shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.35% yearly.
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.
The Revenue is expected to grow by 13.11% on average over the next years. This is quite good.

Assessing 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 9 out of 10:

VEEV has an Altman-Z score of 20.23. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 20.23, VEEV belongs to the best of the industry, outperforming 91.67% 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 5.01. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 5.01, VEEV belongs to the top of the industry, outperforming 86.11% of the companies in the same industry.
A Quick Ratio of 5.01 indicates that VEEV has no problem at all paying its short term obligations.
The Quick ratio of VEEV (5.01) is better than 86.11% of its industry peers.

Profitability Insights: NYSE:VEEV

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NYSE:VEEV, the assigned 7 is noteworthy for profitability:

VEEV has a better Return On Assets (9.72%) than 94.44% of its industry peers.
The Return On Equity of VEEV (11.87%) is better than 94.44% of its industry peers.
VEEV has a better Return On Invested Capital (8.87%) than 97.22% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VEEV is above the industry average of 6.15%.
With an excellent Profit Margin value of 23.91%, VEEV belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
With an excellent Operating Margin value of 22.94%, VEEV belongs to the best of the industry, outperforming 97.22% of the companies in the same industry.
Looking at the Gross Margin, with a value of 73.35%, VEEV is in the better half of the industry, outperforming 72.22% of the companies in the same industry.

How do we evaluate the setup for NYSE:VEEV?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:VEEV this score is currently 8:

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 220.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 214.28, 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.

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

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

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.