Veeva Systems (NYSE:VEEV) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Sep 11
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U.S. Healthtech Industry Analysis
UpdatedSep 12, 2024
DataAggregated Company Financials
Companies66
- 7D1.3%
- 3M12.6%
- 1Y-2.2%
- YTD1.5%
Over the last 7 days, the Healthtech industry has risen 1.3%, driven by gains from Veeva Systems of 3.3%. During this same period, the GoodRx Holdings underperformed, falling 6.3%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the U.S. Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 12 Sep 2024 | US$66.2b | US$14.0b | -US$3,301,808,821.00 | 56.6x | -20x | 4.7x |
| Sat, 10 Aug 2024 | US$56.1b | US$13.9b | -US$3,383,950,990.00 | 51x | -16.6x | 4x |
| Mon, 08 Jul 2024 | US$56.6b | US$13.7b | -US$1,860,692,542.00 | 49.9x | -30.4x | 4.1x |
| Wed, 05 Jun 2024 | US$52.3b | US$12.9b | -US$1,837,470,856.00 | 46.9x | -28.5x | 4.1x |
| Fri, 03 May 2024 | US$57.5b | US$12.7b | -US$1,488,470,679.00 | 48.3x | -38.6x | 4.5x |
| Sun, 31 Mar 2024 | US$64.9b | US$12.7b | -US$1,619,250,494.00 | 56.1x | -40.1x | 5.1x |
| Tue, 27 Feb 2024 | US$63.9b | US$14.0b | -US$1,904,502,794.00 | 54.7x | -33.6x | 4.6x |
| Thu, 25 Jan 2024 | US$74.7b | US$18.3b | -US$5,780,316,752.00 | 59.4x | -12.9x | 4.1x |
| Sat, 23 Dec 2023 | US$72.1b | US$18.3b | -US$5,781,192,665.00 | 58.8x | -12.5x | 3.9x |
| Mon, 20 Nov 2023 | US$65.6b | US$18.2b | -US$5,940,504,804.00 | 52.5x | -11x | 3.6x |
| Wed, 18 Oct 2023 | US$70.5b | US$18.0b | -US$5,559,240,965.00 | 53.5x | -12.7x | 3.9x |
| Fri, 15 Sep 2023 | US$73.0b | US$18.0b | -US$5,504,236,389.00 | 49.7x | -13.3x | 4.1x |
| Sun, 13 Aug 2023 | US$73.2b | US$17.9b | -US$5,549,925,391.00 | 59.9x | -13.2x | 4.1x |
| Tue, 11 Jul 2023 | US$76.8b | US$17.7b | -US$8,580,548,318.00 | 61.3x | -9x | 4.3x |
| Thu, 08 Jun 2023 | US$76.4b | US$17.7b | -US$8,580,932,209.00 | 60.6x | -8.9x | 4.3x |
| Sat, 06 May 2023 | US$72.0b | US$17.6b | -US$8,608,911,925.00 | 58.7x | -8.4x | 4.1x |
| Mon, 03 Apr 2023 | US$74.1b | US$17.7b | -US$15,356,692,891.00 | 56.4x | -4.8x | 4.2x |
| Wed, 01 Mar 2023 | US$71.4b | US$17.7b | -US$15,303,929,751.00 | 53.4x | -4.7x | 4x |
| Fri, 27 Jan 2023 | US$71.8b | US$17.5b | -US$10,800,869,310.00 | 46.7x | -6.6x | 4.1x |
| Sun, 25 Dec 2022 | US$68.1b | US$35.5b | -US$8,691,192,310.00 | 34.4x | -7.8x | 1.9x |
| Tue, 22 Nov 2022 | US$70.6b | US$17.4b | -US$10,606,274,505.00 | 43.5x | -6.7x | 4.1x |
| Thu, 20 Oct 2022 | US$65.9b | US$17.1b | -US$10,593,627,342.00 | 27.9x | -6.2x | 3.8x |
| Sat, 17 Sep 2022 | US$75.0b | US$17.1b | -US$10,593,627,342.00 | 32x | -7.1x | 4.4x |
| Mon, 15 Aug 2022 | US$89.6b | US$17.0b | -US$10,461,057,994.00 | 37.3x | -8.6x | 5.3x |
| Wed, 13 Jul 2022 | US$90.7b | US$17.4b | -US$8,004,455,621.00 | 60.3x | -11.3x | 5.2x |
| Fri, 10 Jun 2022 | US$116.2b | US$23.2b | -US$7,414,957,621.00 | 49x | -15.7x | 5x |
| Sun, 08 May 2022 | US$119.6b | US$23.9b | -US$7,203,881,919.00 | 62x | -16.6x | 5x |
| Tue, 05 Apr 2022 | US$144.8b | US$23.4b | -US$645,602,428.00 | 78x | -224.4x | 6.2x |
| Thu, 03 Mar 2022 | US$146.0b | US$23.5b | -US$566,974,262.00 | 79.9x | -257.5x | 6.2x |
| Sat, 29 Jan 2022 | US$147.4b | US$23.7b | -US$1,724,466,532.00 | 94.5x | -85.5x | 6.2x |
| Mon, 27 Dec 2021 | US$171.2b | US$23.3b | -US$1,593,453,566.00 | 102.4x | -107.5x | 7.3x |
| Wed, 24 Nov 2021 | US$175.5b | US$23.0b | -US$1,113,720,605.00 | 105.8x | -157.5x | 7.6x |
| Fri, 22 Oct 2021 | US$198.5b | US$22.1b | -US$1,254,921,150.00 | 91.6x | -158.2x | 9x |
| Sun, 19 Sep 2021 | US$204.0b | US$22.0b | -US$1,255,851,452.00 | 109.2x | -162.5x | 9.3x |
Price to Earnings Ratio
-162.5x
Current Industry PE
- Investors are relatively neutral on the American Healthcare Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have deteriorated over the last three years.
- Revenues have also declined 14% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the U.S. Healthcare industry?
| US Market | 0.30% | |
| Healthcare | -0.51% | |
| Healthtech | 1.34% | |
| Healthtech | 1.34% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VEEV Veeva Systems | US$223.90 | 3.3% +US$1.1b | 4.0% | PE58.9x | |
| DOCS Doximity | US$36.83 | 1.8% +US$122.5m | 71.1% | PE42.6x | |
| HCAT Health Catalyst | US$7.95 | 5.4% +US$24.8m | -29.0% | PS1.6x | |
| SDGR Schrödinger | US$20.58 | 1.1% +US$16.7m | -38.1% | PS7.5x | |
| SOPH SOPHiA GENETICS | US$4.00 | 6.4% +US$15.9m | 72.4% | PS4.1x |
