VEEVA SYSTEMS INC-CLASS A (VEEV) Stock Fundamental Analysis

NYSE:VEEV • US9224751084

170.45 USD
-6.59 (-3.72%)
Last: Feb 12, 2026, 11:19 AM
Fundamental Rating

7

Taking everything into account, VEEV scores 7 out of 10 in our fundamental rating. VEEV was compared to 35 industry peers in the Health Care Technology industry. VEEV has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. VEEV is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! With these ratings, VEEV could be worth investigating further for growth and quality investing!.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year VEEV was profitable.
  • VEEV had a positive operating cash flow in the past year.
  • 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 200M 400M 600M 800M 1B

1.2 Ratios

  • VEEV has a better Return On Assets (10.63%) than 97.14% of its industry peers.
  • The Return On Equity of VEEV (12.22%) is better than 97.14% of its industry peers.
  • With an excellent Return On Invested Capital value of 10.39%, VEEV belongs to the best of the industry, outperforming 91.43% of the companies in the same industry.
  • VEEV had an Average Return On Invested Capital over the past 3 years of 9.16%. This is above the industry average of 6.72%.
  • The 3 year average ROIC (9.16%) for VEEV is below the current ROIC(10.39%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.63%
ROE 12.22%
ROIC 10.39%
ROA(3y)9.59%
ROA(5y)10.49%
ROE(3y)12.23%
ROE(5y)13.63%
ROIC(3y)9.16%
ROIC(5y)11.04%
VEEV Yearly ROA, ROE, ROICVEEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 27.93%, VEEV belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VEEV has remained more or less at the same level.
  • With an excellent Operating Margin value of 28.88%, VEEV belongs to the best of the industry, outperforming 97.14% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VEEV has remained more or less at the same level.
  • With a decent Gross Margin value of 75.67%, VEEV is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • VEEV's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 28.88%
PM (TTM) 27.93%
GM 75.67%
OM growth 3Y-2.45%
OM growth 5Y-0.44%
PM growth 3Y4.03%
PM growth 5Y-0.95%
GM growth 3Y0.79%
GM growth 5Y0.55%
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 20 40 60

9

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VEEV is still creating some value.
  • The number of shares outstanding for VEEV has been increased compared to 1 year ago.
  • Compared to 5 years ago, VEEV has more shares outstanding
  • VEEV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
VEEV Yearly Shares OutstandingVEEV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2B 4B 6B

2.2 Solvency

  • VEEV has an Altman-Z score of 18.90. This indicates that VEEV is financially healthy and has little risk of bankruptcy at the moment.
  • VEEV's Altman-Z score of 18.90 is amongst the best of the industry. VEEV outperforms 97.14% 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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 18.9
ROIC/WACC1.09
WACC9.54%
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 1B 2B 3B 4B 5B

2.3 Liquidity

  • VEEV has a Current Ratio of 7.53. This indicates that VEEV is financially healthy and has no problem in meeting its short term obligations.
  • VEEV has a Current ratio of 7.53. This is amongst the best in the industry. VEEV outperforms 91.43% of its industry peers.
  • VEEV has a Quick Ratio of 7.53. 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 7.53, VEEV belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 7.53
Quick Ratio 7.53
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 2B 4B 6B

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 23.84% 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 24.72% on average per year.
  • VEEV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.96%.
  • Measured over the past years, VEEV shows a quite strong growth in Revenue. The Revenue has been growing by 19.99% on average per year.
EPS 1Y (TTM)23.84%
EPS 3Y21.12%
EPS 5Y24.72%
EPS Q2Q%16.57%
Revenue 1Y (TTM)15.96%
Revenue growth 3Y14.06%
Revenue growth 5Y19.99%
Sales Q2Q%16.02%

3.2 Future

  • VEEV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.33% yearly.
  • The Revenue is expected to grow by 14.37% on average over the next years. This is quite good.
EPS Next Y22.5%
EPS Next 2Y15.11%
EPS Next 3Y14.76%
EPS Next 5Y15.33%
Revenue Next Year16.37%
Revenue Next 2Y14.31%
Revenue Next 3Y13.75%
Revenue Next 5Y14.37%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B
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

5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 22.02, VEEV is valued on the expensive side.
  • Based on the Price/Earnings ratio, VEEV is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of VEEV to the average of the S&P500 Index (28.18), we can say VEEV is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 19.46, the valuation of VEEV can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, VEEV is valued a bit cheaper than the industry average as 68.57% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, VEEV is valued a bit cheaper.
Industry RankSector Rank
PE 22.02
Fwd PE 19.46
VEEV Price Earnings VS Forward Price EarningsVEEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as VEEV.
  • Based on the Price/Free Cash Flow ratio, VEEV is valued a bit cheaper than the industry average as 65.71% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 20.74
EV/EBITDA 18.82
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap 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 14.76% in the coming years.
PEG (NY)0.98
PEG (5Y)0.89
EPS Next 2Y15.11%
EPS Next 3Y14.76%

0

5. Dividend

5.1 Amount

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

VEEVA SYSTEMS INC-CLASS A

NYSE:VEEV (2/12/2026, 11:19:02 AM)

170.45

-6.59 (-3.72%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Technology
Earnings (Last)11-20
Earnings (Next)03-04
Inst Owners90.27%
Inst Owner Change-1.39%
Ins Owners8.43%
Ins Owner Change-0.03%
Market Cap28.02B
Revenue(TTM)3.08B
Net Income(TTM)860.33M
Analysts78.46
Price Target313.73 (84.06%)
Short Float %3.22%
Short Ratio2.73
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)2.64%
Min EPS beat(2)2.55%
Max EPS beat(2)2.73%
EPS beat(4)4
Avg EPS beat(4)6.08%
Min EPS beat(4)2.55%
Max EPS beat(4)11.08%
EPS beat(8)8
Avg EPS beat(8)5.47%
EPS beat(12)12
Avg EPS beat(12)5.91%
EPS beat(16)15
Avg EPS beat(16)5%
Revenue beat(2)2
Avg Revenue beat(2)0.5%
Min Revenue beat(2)0.32%
Max Revenue beat(2)0.68%
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)4
Avg Revenue beat(8)0.17%
Revenue beat(12)5
Avg Revenue beat(12)-0.16%
Revenue beat(16)5
Avg Revenue beat(16)-0.26%
PT rev (1m)-1.66%
PT rev (3m)-3.04%
EPS NQ rev (1m)0.02%
EPS NQ rev (3m)2.02%
EPS NY rev (1m)0%
EPS NY rev (3m)1.71%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)1.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.97%
Valuation
Industry RankSector Rank
PE 22.02
Fwd PE 19.46
P/S 9.1
P/FCF 20.74
P/OCF 20.33
P/B 3.98
P/tB 4.27
EV/EBITDA 18.82
EPS(TTM)7.74
EY4.54%
EPS(NY)8.76
Fwd EY5.14%
FCF(TTM)8.22
FCFY4.82%
OCF(TTM)8.38
OCFY4.92%
SpS18.74
BVpS42.83
TBVpS39.96
PEG (NY)0.98
PEG (5Y)0.89
Graham Number86.37
Profitability
Industry RankSector Rank
ROA 10.63%
ROE 12.22%
ROCE 12.44%
ROIC 10.39%
ROICexc 144.3%
ROICexgc 1750.77%
OM 28.88%
PM (TTM) 27.93%
GM 75.67%
FCFM 43.86%
ROA(3y)9.59%
ROA(5y)10.49%
ROE(3y)12.23%
ROE(5y)13.63%
ROIC(3y)9.16%
ROIC(5y)11.04%
ROICexc(3y)59.89%
ROICexc(5y)59.49%
ROICexgc(3y)196.73%
ROICexgc(5y)318.62%
ROCE(3y)10.96%
ROCE(5y)13.22%
ROICexgc growth 3Y-36.21%
ROICexgc growth 5Y-13.57%
ROICexc growth 3Y1.45%
ROICexc growth 5Y14.29%
OM growth 3Y-2.45%
OM growth 5Y-0.44%
PM growth 3Y4.03%
PM growth 5Y-0.95%
GM growth 3Y0.79%
GM growth 5Y0.55%
F-Score7
Asset Turnover0.38
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 67.76%
Cap/Sales 0.87%
Interest Coverage 250
Cash Conversion 148.3%
Profit Quality 157.04%
Current Ratio 7.53
Quick Ratio 7.53
Altman-Z 18.9
F-Score7
WACC9.54%
ROIC/WACC1.09
Cap/Depr(3y)59.59%
Cap/Depr(5y)52.02%
Cap/Sales(3y)0.83%
Cap/Sales(5y)0.77%
Profit Quality(3y)158.47%
Profit Quality(5y)158.74%
High Growth Momentum
Growth
EPS 1Y (TTM)23.84%
EPS 3Y21.12%
EPS 5Y24.72%
EPS Q2Q%16.57%
EPS Next Y22.5%
EPS Next 2Y15.11%
EPS Next 3Y14.76%
EPS Next 5Y15.33%
Revenue 1Y (TTM)15.96%
Revenue growth 3Y14.06%
Revenue growth 5Y19.99%
Sales Q2Q%16.02%
Revenue Next Year16.37%
Revenue Next 2Y14.31%
Revenue Next 3Y13.75%
Revenue Next 5Y14.37%
EBIT growth 1Y38.28%
EBIT growth 3Y11.27%
EBIT growth 5Y19.47%
EBIT Next Year30.82%
EBIT Next 3Y19.61%
EBIT Next 5Y18.86%
FCF growth 1Y51.03%
FCF growth 3Y12.54%
FCF growth 5Y19.82%
OCF growth 1Y50.27%
OCF growth 3Y12.55%
OCF growth 5Y20.04%

VEEVA SYSTEMS INC-CLASS A / VEEV 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.


How profitable is VEEVA SYSTEMS INC-CLASS A (VEEV) stock?

VEEVA SYSTEMS INC-CLASS A (VEEV) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for VEEV stock?

The Price/Earnings (PE) ratio for VEEVA SYSTEMS INC-CLASS A (VEEV) is 22.02 and the Price/Book (PB) ratio is 3.98.


What is the financial health of VEEVA SYSTEMS INC-CLASS A (VEEV) stock?

The financial health rating of VEEVA SYSTEMS INC-CLASS A (VEEV) is 9 / 10.