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

NYSE:VEEV • US9224751084

Current stock price

173.745 USD
+17.78 (+11.4%)
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.
  • In the past year VEEV had a positive cash flow from operations.
  • Each year in the past 5 years VEEV has been profitable.
  • VEEV had a positive operating cash flow in each of the past 5 years.
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

  • VEEV's Return On Assets of 10.12% is amongst the best of the industry. VEEV outperforms 91.18% of its industry peers.
  • The Return On Equity of VEEV (12.60%) is better than 91.18% of its industry peers.
  • VEEV has a Return On Invested Capital of 9.92%. This is amongst the best in the industry. VEEV outperforms 91.18% 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 7.46%.
  • The last Return On Invested Capital (9.92%) for VEEV is above the 3 year average (8.63%), which is a sign of increasing profitability.
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

  • VEEV has a Profit Margin of 28.44%. This is amongst the best in the industry. VEEV outperforms 97.06% of its industry peers.
  • VEEV's Profit Margin has improved in the last couple of years.
  • VEEV's Operating Margin of 29.64% is amongst the best of the industry. VEEV outperforms 97.06% 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 79.41% of the companies in the same industry.
  • In the last couple of years the Gross Margin of VEEV has remained more or less at the same level.
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

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8

2. VEEV Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VEEV is destroying value.
  • The number of shares outstanding for VEEV has been increased compared to 1 year ago.
  • VEEV has more shares outstanding than it did 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

  • VEEV has an Altman-Z score of 10.90. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 10.90, VEEV belongs to the top of the industry, outperforming 85.29% 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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 10.9
ROIC/WACC0.99
WACC10%
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.
  • VEEV has a Current ratio of 4.89. This is amongst the best in the industry. VEEV outperforms 85.29% 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.
  • With an excellent Quick ratio value of 4.89, VEEV belongs to the best of the industry, outperforming 85.29% of the companies in the same industry.
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

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. VEEV Growth Analysis

3.1 Past

  • VEEV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.94%, which is quite impressive.
  • VEEV shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.35% yearly.
  • 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

  • The Earnings Per Share is expected to grow by 13.64% on average over the next years. This is quite good.
  • Based on estimates for the next years, VEEV will show a quite strong growth in Revenue. The Revenue will grow by 13.30% on average per year.
EPS Next Y11.63%
EPS Next 2Y11.61%
EPS Next 3Y12.14%
EPS Next 5Y13.64%
Revenue Next Year13.05%
Revenue Next 2Y12.61%
Revenue Next 3Y12.92%
Revenue Next 5Y13.3%

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.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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

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4

4. VEEV Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 21.56, 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 76.47% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.77, VEEV is valued at the same level.
  • The Price/Forward Earnings ratio is 19.31, which indicates a rather expensive current valuation of VEEV.
  • VEEV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VEEV is cheaper than 70.59% 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 21.75.
Industry RankSector Rank
PE 21.56
Fwd PE 19.31
VEEV Price Earnings VS Forward Price EarningsVEEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

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 the industry average as 70.59% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 20.47
EV/EBITDA 13.98
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 an expensive valuation of the company.
  • VEEV has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as VEEV's earnings are expected to grow with 12.14% in the coming years.
PEG (NY)1.85
PEG (5Y)0.96
EPS Next 2Y11.61%
EPS Next 3Y12.14%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. VEEV Dividend Analysis

5.1 Amount

  • No dividends for VEEV!.
Industry RankSector Rank
Dividend Yield 0%

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VEEV Fundamentals: All Metrics, Ratios and Statistics

VEEVA SYSTEMS INC-CLASS A

NYSE:VEEV (5/1/2026, 1:24:10 PM)

173.745

+17.78 (+11.4%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Technology
Industry Strength0.62
Industry Growth47.21
Earnings (Last)03-04
Earnings (Next)05-26
Inst Owners88.89%
Inst Owner Change0.48%
Ins Owners8.5%
Ins Owner Change0.12%
Market Cap28.38B
Revenue(TTM)3.20B
Net Income(TTM)908.91M
Analysts80
Price Target279.98 (61.14%)
Short Float %3.9%
Short Ratio2.69
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)-9.51%
PT rev (3m)-11.91%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)3.55%
EPS NY rev (1m)2.76%
EPS NY rev (3m)2.73%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.76%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.69%
Valuation
Industry RankSector Rank
PE 21.56
Fwd PE 19.31
P/S 8.88
P/FCF 20.47
P/OCF 20.05
P/B 3.93
P/tB 4.21
EV/EBITDA 13.98
EPS(TTM)8.06
EY4.64%
EPS(NY)9
Fwd EY5.18%
FCF(TTM)8.49
FCFY4.88%
OCF(TTM)8.66
OCFY4.99%
SpS19.56
BVpS44.17
TBVpS41.29
PEG (NY)1.85
PEG (5Y)0.96
Graham Number89.5028 (-48.49%)
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 10.9
F-Score7
WACC10%
ROIC/WACC0.99
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 Y11.63%
EPS Next 2Y11.61%
EPS Next 3Y12.14%
EPS Next 5Y13.64%
Revenue 1Y (TTM)16.34%
Revenue growth 3Y14.03%
Revenue growth 5Y16.88%
Sales Q2Q%15.96%
Revenue Next Year13.05%
Revenue Next 2Y12.61%
Revenue Next 3Y12.92%
Revenue Next 5Y13.3%
EBIT growth 1Y35.98%
EBIT growth 3Y27.3%
EBIT growth 5Y20.18%
EBIT Next Year15.78%
EBIT Next 3Y13.86%
EBIT Next 5Y14.79%
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 5 / 10 to VEEVA SYSTEMS INC-CLASS A (VEEV). This can be considered as Fairly Valued.


Can you provide the profitability details for VEEVA SYSTEMS INC-CLASS A?

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


What is the earnings growth outlook for VEEVA SYSTEMS INC-CLASS A?

The Earnings per Share (EPS) of VEEVA SYSTEMS INC-CLASS A (VEEV) is expected to grow by 11.63% in the next year.