Veeva Systems
Market Cap
US$40.2b
Last Updated
2021/05/05 22:06 UTC
Data Sources
Company Financials +
Executive Summary
Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. More Details
Rewards
PE ratio (103.2x) is below the Healthcare Services industry average (104.8x)
Risk Analysis
VEEV passed our risk checks.
Snowflake Analysis
Flawless balance sheet with acceptable track record.
Similar Companies
Share Price & News
How has Veeva Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VEEV is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: VEEV's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-9.1%
VEEV
-7.8%
US Healthcare Services
-1.6%
US Market
1 Year Return
34.9%
VEEV
32.0%
US Healthcare Services
52.8%
US Market
Return vs Industry: VEEV matched the US Healthcare Services industry which returned 34.4% over the past year.
Return vs Market: VEEV underperformed the US Market which returned 52.4% over the past year.
Shareholder returns
| VEEV | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.1% | -7.8% | -1.6% |
| 30 Day | -1.2% | -3.0% | 1.3% |
| 90 Day | -10.2% | -20.2% | 3.5% |
| 1 Year | 34.9%34.9% | 32.3%32.0% | 55.4%52.8% |
| 3 Year | 241.9%241.9% | 132.0%130.2% | 63.5%53.2% |
| 5 Year | 849.2%849.2% | 236.4%232.1% | 125.8%100.7% |
Long-Term Price Volatility Vs. Market
How volatile is Veeva Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Announcing: Veeva Systems (NYSE:VEEV) Stock Soared An Exciting 952% In The Last Five Years1 month ago | Simply Wall St
Here's Why We Think Veeva Systems (NYSE:VEEV) Is Well Worth Watching2 months ago | Simply Wall St
Here's What To Make Of Veeva Systems' (NYSE:VEEV) Returns On CapitalValuation
Is Veeva Systems undervalued compared to its fair value and its price relative to the market?
103.23x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VEEV ($260.37) is trading above our estimate of fair value ($233)
Significantly Below Fair Value: VEEV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VEEV is good value based on its PE Ratio (103.2x) compared to the US Healthcare Services industry average (104.8x).
PE vs Market: VEEV is poor value based on its PE Ratio (103.2x) compared to the US market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: VEEV is poor value based on its PEG Ratio (6.8x)
Price to Book Ratio
PB vs Industry: VEEV is overvalued based on its PB Ratio (17.5x) compared to the US Healthcare Services industry average (6.4x).
Future Growth
How is Veeva Systems forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
15.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VEEV's forecast earnings growth (15.2% per year) is above the savings rate (2%).
Earnings vs Market: VEEV's earnings (15.2% per year) are forecast to grow slower than the US market (16% per year).
High Growth Earnings: VEEV's earnings are forecast to grow, but not significantly.
Revenue vs Market: VEEV's revenue (15.1% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: VEEV's revenue (15.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VEEV's Return on Equity is forecast to be low in 3 years time (18.4%).
Past Performance
How has Veeva Systems performed over the past 5 years?
36.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VEEV has high quality earnings.
Growing Profit Margin: VEEV's current net profit margins (25.9%) are lower than last year (27.3%).
Past Earnings Growth Analysis
Earnings Trend: VEEV's earnings have grown significantly by 36% per year over the past 5 years.
Accelerating Growth: VEEV's earnings growth over the past year (26.1%) is below its 5-year average (36% per year).
Earnings vs Industry: VEEV earnings growth over the past year (26.1%) exceeded the Healthcare Services industry 18.1%.
Return on Equity
High ROE: VEEV's Return on Equity (16.8%) is considered low.
Financial Health
How is Veeva Systems's financial position?
Financial Position Analysis
Short Term Liabilities: VEEV's short term assets ($2.3B) exceed its short term liabilities ($716.0M).
Long Term Liabilities: VEEV's short term assets ($2.3B) exceed its long term liabilities ($63.8M).
Debt to Equity History and Analysis
Debt Level: VEEV is debt free.
Reducing Debt: VEEV has not had any debt for past 5 years.
Debt Coverage: VEEV has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VEEV has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Veeva Systems's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VEEV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VEEV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VEEV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VEEV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VEEV's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Peter Gassner (55 yo)
14.33yrs
Tenure
US$325,000
Compensation
Mr. Peter P. Gassner Co-founded Veeva Systems Inc. in 2007 and has been its Chief Executive Officer since January 2007. Mr. Gassner is responsible for the overall direction and management of Verticals on D...
CEO Compensation Analysis
Compensation vs Market: Peter's total compensation ($USD325.00K) is below average for companies of similar size in the US market ($USD11.13M).
Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: VEEV's management team is considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: VEEV insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Veeva Systems Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Veeva Systems Inc.
- Ticker: VEEV
- Exchange: NYSE
- Founded: 2007
- Industry: Health Care Technology
- Sector: Healthcare
- Market Cap: US$40.228b
- Shares outstanding: 152.22m
- Website: https://www.veeva.com
Number of Employees
Location
- Veeva Systems Inc.
- 4280 Hacienda Drive
- Pleasanton
- California
- 94588
- United States
Listings
Biography
Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial C...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/05 22:06 |
| End of Day Share Price | 2021/05/05 00:00 |
| Earnings | 2021/01/31 |
| Annual Earnings | 2021/01/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.