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

USA • New York Stock Exchange • NYSE:VEEV • US9224751084

183.65 USD
-0.2 (-0.11%)
At close: Feb 6, 2026
183.65 USD
0 (0%)
After Hours: 2/6/2026, 8:10:20 PM
Fundamental Rating

7

VEEV gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 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 not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make VEEV suitable 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.
  • In the past 5 years VEEV has always been profitable.
  • In the past 5 years VEEV always reported a positive cash flow from operatings.
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

  • The Return On Assets of VEEV (10.63%) is better than 97.14% of its industry peers.
  • VEEV's Return On Equity of 12.22% is amongst the best of the industry. VEEV outperforms 97.14% of its industry peers.
  • The Return On Invested Capital of VEEV (10.39%) is better than 91.43% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VEEV is above the industry average of 6.63%.
  • The last Return On Invested Capital (10.39%) for VEEV is above the 3 year average (9.16%), which is a sign of increasing profitability.
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

  • VEEV has a better Profit Margin (27.93%) than 97.14% of its industry peers.
  • In the last couple of years the Profit Margin of VEEV has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 28.88%, VEEV belongs to the top of the industry, outperforming 97.14% of the companies in the same industry.
  • VEEV's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 75.67%, VEEV is in the better half of the industry, outperforming 80.00% 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 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.
  • The number of shares outstanding for VEEV has been increased compared to 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 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

  • An Altman-Z score of 19.51 indicates that VEEV is not in any danger for bankruptcy at the moment.
  • VEEV has a better Altman-Z score (19.51) than 94.29% 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 19.51
ROIC/WACC1.1
WACC9.45%
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

  • A Current Ratio of 7.53 indicates that VEEV has no problem at all paying its short term obligations.
  • VEEV's Current ratio of 7.53 is amongst the best of the industry. VEEV outperforms 88.57% 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.
  • VEEV has a better Quick ratio (7.53) than 88.57% of its industry peers.
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.
  • The Earnings Per Share has been growing by 24.72% on average over the past years. This is a very strong growth
  • Looking at the last year, VEEV shows a quite strong growth in Revenue. The Revenue has grown by 15.96% in the last year.
  • 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

  • Based on estimates for the next years, VEEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.33% on average per year.
  • 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

  • The Price/Earnings ratio is 23.73, 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 77.14% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of VEEV to the average of the S&P500 Index (27.93), we can say VEEV is valued inline with the index average.
  • The Price/Forward Earnings ratio is 20.97, which indicates a rather expensive current valuation of VEEV.
  • Based on the Price/Forward Earnings ratio, VEEV is valued a bit cheaper than 71.43% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.77, VEEV is valued a bit cheaper.
Industry RankSector Rank
PE 23.73
Fwd PE 20.97
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

  • 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 65.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.34
EV/EBITDA 19.99
VEEV Per share dataVEEV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • VEEV's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of VEEV may justify a higher PE ratio.
  • VEEV's earnings are expected to grow with 14.76% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.05
PEG (5Y)0.96
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 (2/6/2026, 8:10:20 PM)

After market: 183.65 0 (0%)

183.65

-0.2 (-0.11%)

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 Cap30.19B
Revenue(TTM)3.08B
Net Income(TTM)860.33M
Analysts78.46
Price Target313.73 (70.83%)
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 23.73
Fwd PE 20.97
P/S 9.8
P/FCF 22.34
P/OCF 21.91
P/B 4.29
P/tB 4.6
EV/EBITDA 19.99
EPS(TTM)7.74
EY4.21%
EPS(NY)8.76
Fwd EY4.77%
FCF(TTM)8.22
FCFY4.48%
OCF(TTM)8.38
OCFY4.56%
SpS18.74
BVpS42.83
TBVpS39.96
PEG (NY)1.05
PEG (5Y)0.96
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 19.51
F-Score7
WACC9.45%
ROIC/WACC1.1
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 23.73 and the Price/Book (PB) ratio is 4.29.


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.