Veeva Systems Inc

Technology
Computer Software: Prepackaged Software
www.veeva.com

Earnings Score
Moat Score

Market Cap $36.09B
PE 54
Debt -
Cash $1.05B
EV -
FCF -

Earnings

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Sales & Net Margins

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Earnings	$665.91M
EBIT	$856.94M
ROE	12%
ROA	13%
Equity	$5.50B
Growth Stability	100%
PE	54.19
PEG	3.45
PB	6.56
P/S	13.58
Price/Cash	0.03
Net Margins	26%
Gross Margins	74%
Op. Margins	32%
Earnings CAGR	32%
Sales Growth YoY	13%
Sales Growth QoQ	3%
Sales CAGR	25%
FCF CAGR	2%
Equity CAGR	32%
Earnings Stability	0.9
Earnings Growth YoY	37%

Earnings Growth QoQ	9%
Earnings CAGR 5Y	16%
Sales CAGR 5Y	19%
FCF CAGR 5Y	0%
Equity CAGR 5Y	28%
Earnings CAGR 3Y	13%
Sales CAGR 3Y	13%
Equity CAGR 3Y	26%
Market Cap	$36.09B
Revenue	$2.66B
Assets	$6.45B
Cash	$1.05B
Shares Outstanding	161.53M
Earnings Score	95%
Moat Score	94%
Working Capital	4.59B
Current Ratio	6.36
Gross Profit	$1.96B
Shares Growth 3y	2%
Equity Growth QoQ	6%
Equity Growth YoY	26%

Assets & ROA

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Stockholders Equity & ROE

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Veeva is a leading supplier of software solutions for the life sciences industry. The company's best-of-breed offering addresses operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise and cloud-based platform to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. As the vertical leader, Veeva innovates, increases wallet share at existing customers, and expands into other industries with similar regulations, protocols, and procedures, such as consumer goods, chemicals, and cosmetics.

SEC Filings

Direct access to Veeva Systems Inc (VEEV) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-K Jan 31
2023
- 10-Q Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-K Jan 31
2022
- 10-Q Oct 31
- 10-Q Jul 31
- 10-Q Apr 30
- 10-K Jan 31

Sector Comparison

How does Veeva Systems Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Veeva Systems Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 32%

Stability 90%

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Veeva Systems Inc Discounted Cash Flow

Fully customizable DCF calculator online for Veeva Systems Inc.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	01/2015	01/2016	01/2017	01/2018	01/2019	01/2020	01/2021	01/2022	01/2023	01/2024	TTM
Net Margins	13%	13%	13%	21%	27%	27%	26%	23%	23%	22%	26%
ROA	-	11%	12%	13%	14%	14%	13%	13%	11%	10%	13%
ROE	-	11%	11%	16%	19%	18%	17%	15%	13%	11%	12%

Good Net Margins (25.6%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	01/2015	01/2016	01/2017	01/2018	01/2019	01/2020	01/2021	01/2022	01/2023	01/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	01/2015	01/2016	01/2017	01/2018	01/2019	01/2020	01/2021	01/2022	01/2023	01/2024	CAGR 5Y
Revenue YoY growth	-	31%	33%	26%	26%	28%	33%	26%	16%	10%	19%
Earnings YoY growth	-	35%	26%	106%	62%	31%	26%	12%	14%	8%	16%
Equity YoY growth	-	24%	29%	33%	42%	35%	36%	28%	28%	25%	28%
FCF YoY growth	-	44%	132%	63%	35%	44%	-	-	-	-	0%