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Veeva Systems

NYSE:VEEV
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VEEV
NYSE
$18B
Market Cap
  1. Home
  2. US
  3. Healthcare
Company description

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The last earnings update was 23 days ago. More info.


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  • Veeva Systems has significant price volatility in the past 3 months.
VEEV Share Price and Events
7 Day Returns
1.8%
NYSE:VEEV
1.7%
US Healthcare Services
1.2%
US Market
1 Year Returns
65.9%
NYSE:VEEV
21.4%
US Healthcare Services
3%
US Market
VEEV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Veeva Systems (VEEV) 1.8% 3.5% 53.8% 65.9% 404.1% 379.1%
US Healthcare Services 1.7% -0.7% 19.3% 21.4% 62.8% 24.4%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • VEEV outperformed the Healthcare Services industry which returned 21.4% over the past year.
  • VEEV outperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
VEEV
Industry
5yr Volatility vs Market
Related Companies

VEEV Value

 Is Veeva Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Veeva Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Veeva Systems.

NYSE:VEEV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:VEEV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Healthcare Services Unlevered Beta Simply Wall St/ S&P Global 1.22
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.221 (1 + (1- 21%) (0%))
1.148
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.148 * 5.96%)
9.57%

Discounted Cash Flow Calculation for NYSE:VEEV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Veeva Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:VEEV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.57%)
2019 284.19 Analyst x10 259.36
2020 343.08 Analyst x11 285.75
2021 422.87 Analyst x11 321.44
2022 497.04 Analyst x3 344.82
2023 564.95 Analyst x2 357.68
2024 651.80 Analyst x2 376.62
2025 721.64 Est @ 10.72% 380.55
2026 781.69 Est @ 8.32% 376.20
2027 833.61 Est @ 6.64% 366.14
2028 879.20 Est @ 5.47% 352.43
Present value of next 10 years cash flows $3,420.98
NYSE:VEEV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $879.20 × (1 + 2.73%) ÷ (9.57% – 2.73%)
$13,199.77
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $13,199.77 ÷ (1 + 9.57%)10
$5,291.12
NYSE:VEEV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,420.98 + $5,291.12
$8,712.10
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,712.10 / 145.30
$59.96
NYSE:VEEV Discount to Share Price
Calculation Result
Value per share (USD) From above. $59.96
Current discount Discount to share price of $124.57
= -1 x ($124.57 - $59.96) / $59.96
-107.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Veeva Systems is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Veeva Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Veeva Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:VEEV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $1.59
NYSE:VEEV Share Price ** NYSE (2019-03-20) in USD $124.57
United States of America Healthcare Services Industry PE Ratio Median Figure of 14 Publicly-Listed Healthcare Services Companies 73.33x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Veeva Systems.

NYSE:VEEV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:VEEV Share Price ÷ EPS (both in USD)

= 124.57 ÷ 1.59

78.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Veeva Systems is overvalued based on earnings compared to the US Healthcare Services industry average.
  • Veeva Systems is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Veeva Systems's expected growth come at a high price?
Raw Data
NYSE:VEEV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 78.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
13.8%per year
United States of America Healthcare Services Industry PEG Ratio Median Figure of 13 Publicly-Listed Healthcare Services Companies 2.94x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:VEEV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 78.18x ÷ 13.8%

5.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Veeva Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Veeva Systems's assets?
Raw Data
NYSE:VEEV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $8.50
NYSE:VEEV Share Price * NYSE (2019-03-20) in USD $124.57
United States of America Healthcare Services Industry PB Ratio Median Figure of 35 Publicly-Listed Healthcare Services Companies 4.39x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:VEEV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:VEEV Share Price ÷ Book Value per Share (both in USD)

= 124.57 ÷ 8.50

14.66x

* Primary Listing of Veeva Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Veeva Systems is overvalued based on assets compared to the US Healthcare Services industry average.
X
Value checks
We assess Veeva Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Healthcare Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Healthcare Services industry average (and greater than 0)? (1 check)
  5. Veeva Systems has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VEEV Future Performance

 How is Veeva Systems expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Veeva Systems expected to grow at an attractive rate?
  • Veeva Systems's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Veeva Systems's earnings growth is positive but not above the United States of America market average.
  • Veeva Systems's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:VEEV Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:VEEV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 13.8%
NYSE:VEEV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 15.1%
United States of America Healthcare Services Industry Earnings Growth Rate Market Cap Weighted Average 21.9%
United States of America Healthcare Services Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:VEEV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:VEEV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 1,998 645 523 2
2023-01-31 1,708 560 431 2
2022-01-31 1,435 514 371 6
2021-01-31 1,218 430 297 16
2020-01-31 1,031 352 253 17
NYSE:VEEV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 862 311 230
2018-10-31 811 280 190
2018-07-31 763 271 161
2018-04-30 721 242 149
2018-01-31 686 233 142
2017-10-31 655 230 132
2017-07-31 620 223 119
2017-04-30 584 177 93
2017-01-31 544 144 69
2016-10-31 508 150 65
2016-07-31 472 144 54
2016-04-30 439 148 54

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Veeva Systems's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Veeva Systems's revenue is expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:VEEV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Veeva Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VEEV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31 3.04 3.04 3.04 1.00
2023-01-31 2.55 2.55 2.55 1.00
2022-01-31 2.24 2.32 2.16 2.00
2021-01-31 1.86 2.19 1.68 8.00
2020-01-31 1.62 1.96 1.40 9.00
NYSE:VEEV Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 1.59
2018-10-31 1.33
2018-07-31 1.13
2018-04-30 1.06
2018-01-31 1.01
2017-10-31 0.95
2017-07-31 0.86
2017-04-30 0.68
2017-01-31 0.51
2016-10-31 0.48
2016-07-31 0.40
2016-04-30 0.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Veeva Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Veeva Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Veeva Systems has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VEEV Past Performance

  How has Veeva Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Veeva Systems's growth in the last year to its industry (Healthcare Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Veeva Systems has delivered over 20% year on year earnings growth in the past 5 years.
  • Veeva Systems's 1-year earnings growth exceeds its 5-year average (61.9% vs 43.7%)
  • Veeva Systems's earnings growth has exceeded the US Healthcare Services industry average in the past year (61.9% vs 39.9%).
Earnings and Revenue History
Veeva Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Veeva Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VEEV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 862.21 229.83 235.28 158.78
2018-10-31 810.88 190.12 226.91 153.05
2018-07-31 763.16 160.96 213.90 147.09
2018-04-30 721.35 149.28 201.81 140.94
2018-01-31 685.57 141.97 191.29 132.05
2017-10-31 654.73 132.23 182.67 121.13
2017-07-31 620.50 118.93 175.45 112.10
2017-04-30 584.05 93.29 170.57 102.99
2017-01-31 544.04 68.80 165.64 96.75
2016-10-31 508.16 64.68 158.91 90.75
2016-07-31 472.30 53.52 149.22 83.40
2016-04-30 439.06 53.95 134.88 75.09
2016-01-31 409.22 54.41 120.24 65.98
2015-10-31 381.96 50.12 104.86 57.62
2015-07-31 358.87 49.85 97.35 50.59
2015-04-30 336.42 45.97 90.88 45.12
2015-01-31 313.22 40.14 86.44 41.16
2014-10-31 289.01 32.64 82.29 37.27
2014-07-31 260.17 24.83 76.47 33.22
2014-04-30 234.08 16.61 69.76 29.79
2014-01-31 210.15 10.41 61.92 26.33
2013-10-31 187.14 5.76 51.61 23.16
2013-07-31 167.95 4.43 42.15 20.18
2013-04-30 147.83 7.24 33.90 17.11
2013-01-31 129.55 3.48 27.86 14.64

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Veeva Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Veeva Systems used its assets more efficiently than the US Healthcare Services industry average last year based on Return on Assets.
  • Veeva Systems has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Veeva Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Healthcare Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Veeva Systems has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VEEV Health

 How is Veeva Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Veeva Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Veeva Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Veeva Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Veeva Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Veeva Systems has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Veeva Systems Company Filings, last reported 1 month ago.

NYSE:VEEV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 1,237.75 0.00 1,090.16
2018-10-31 1,138.31 0.00 1,051.93
2018-07-31 1,050.38 0.00 1,010.43
2018-04-30 974.44 0.00 918.31
2018-01-31 871.53 0.00 761.96
2017-10-31 818.47 0.00 758.08
2017-07-31 766.60 0.00 724.65
2017-04-30 708.90 0.00 663.92
2017-01-31 652.65 0.00 518.87
2016-10-31 605.91 0.00 510.81
2016-07-31 565.11 0.00 479.56
2016-04-30 530.55 0.00 457.44
2016-01-31 505.25 0.00 346.20
2015-10-31 473.98 0.00 339.47
2015-07-31 453.64 0.00 437.97
2015-04-30 428.95 0.00 428.51
2015-01-31 406.83 0.00 397.87
2014-10-31 381.21 0.00 392.87
2014-07-31 357.39 0.00 350.20
2014-04-30 330.29 0.00 345.50
2014-01-31 280.10 0.00 288.13
2013-10-31 270.65 0.00 273.38
2013-07-31 47.40 0.00 52.88
2013-04-30 39.93 0.00 59.20
2013-01-31 33.97 0.00 46.17
  • Veeva Systems has no debt.
  • Veeva Systems has not taken on any debt in the past 5 years.
  • Veeva Systems has no debt, it does not need to be covered by operating cash flow.
  • Veeva Systems has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Veeva Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Veeva Systems has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VEEV Dividends

 What is Veeva Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Veeva Systems dividends. Estimated to be 0% next year.
If you bought $2,000 of Veeva Systems shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Veeva Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Veeva Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:VEEV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Global Healthcare Services Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:VEEV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31
2021-01-31 0.00 1.00
2020-01-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Veeva Systems has not reported any payouts.
  • Unable to verify if Veeva Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Veeva Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Veeva Systems has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Veeva Systems's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Veeva Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Veeva Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Veeva Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VEEV Management

 What is the CEO of Veeva Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Gassner
COMPENSATION $88,143,333
AGE 53
TENURE AS CEO 12.2 years
CEO Bio

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 onDemand. Mr. Gassner is a twenty year veteran of the software industry. From 2003 to 2005, Mr. Gassner served as Senior Vice President of Technology for salesforce.com where he had responsibility for building the salesforce.com platform including product, marketing and developer relations. From 1995 to 2003, Mr. Gassner served as Chief Architect, Vice President and General Manager of PeopleTools at PeopleSoft. He served as the President of Veeva Systems. Mr. Gassner began his career with IBM in relational database development and research at IBM Silicon Valley Lab and then at IBM Almaden Research Center where he had the privilege of working closely with some of the inventors of relational database technology. He is a technology leader, responsible for creating some of the most widely deployed platforms and solutions in the enterprise software. He was early pioneer in major technology shifts from mainframe to client server and the move to cloud. He has been a Director of Veeva Systems, Inc. since January 2007. He has been an Independent Director of Zoom Video Communications, Inc. since November 2015. He has been a Director of Guidewire Software, Inc. since June 2015 and its Chairman since March 2017. Mr. Gassner holds a Bachelor of Science degree in Computer Science from Oregon State University.

CEO Compensation
  • Peter's compensation has increased by more than 20% in the past year.
  • Peter's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Veeva Systems management team in years:

6.3
Average Tenure
49
Average Age
  • The average tenure for the Veeva Systems management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Peter Gassner

TITLE
Founder
COMPENSATION
$88M
AGE
53
TENURE
12.2 yrs

Matt Wallach

TITLE
Co-Founder & President
COMPENSATION
$300K
AGE
46

Tim Cabral

TITLE
Chief Financial Officer
COMPENSATION
$258K
AGE
51
TENURE
9.1 yrs

Josh Faddis

TITLE
Senior VP
COMPENSATION
$874K
AGE
46
TENURE
6.5 yrs

Eleni Zuppas

TITLE
Chief Marketing Officer
COMPENSATION
$300K
AGE
48
TENURE
6 yrs

Alan Mateo

TITLE
Executive Vice President of Global Sales
COMPENSATION
$300K
AGE
56
TENURE
3.9 yrs

Frederic Lequient

TITLE
Senior Vice President of Global Customer Services
COMPENSATION
$794K
AGE
49
TENURE
3.1 yrs

Doug Ostler

TITLE
Co-Founder & VP of Products
TENURE
12.2 yrs

Catherine Allshouse

TITLE
Global Chief Information Officer & Head of Operations
TENURE
1.2 yrs

Rick Lund

TITLE
Investor Relations Director
Board of Directors Tenure

Average tenure and age of the Veeva Systems board of directors in years:

4.1
Average Tenure
56
Average Age
  • The tenure for the Veeva Systems board of directors is about average.
Board of Directors

Gordon Ritter

TITLE
Chairman of the Board
COMPENSATION
$275K
AGE
53

Peter Gassner

TITLE
Founder
COMPENSATION
$88M
AGE
53
TENURE
12.2 yrs

Ron Codd

TITLE
Director
COMPENSATION
$262K
AGE
63
TENURE
7.1 yrs

Tim Barabe

TITLE
Director
COMPENSATION
$225K
AGE
65
TENURE
3.5 yrs

Paul Sekhri

TITLE
Director
COMPENSATION
$200K
AGE
60
TENURE
4.7 yrs

Paul Chamberlain

TITLE
Director
COMPENSATION
$225K
AGE
54
TENURE
3.3 yrs

Mark Carges

TITLE
Director
COMPENSATION
$179K
AGE
56
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Sep 18 Sell Timothy Barabe Individual 27. Sep 18 27. Sep 18 -727 $105.00 $-76,335
04. Jun 18 Sell Timothy Barabe Individual 31. May 18 31. May 18 -701 $77.54 $-54,356
X
Management checks
We assess Veeva Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Veeva Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VEEV News

Simply Wall St News

Why Veeva Systems Inc. (NYSE:VEEV) Could Have A Place In Your Portfolio

(NYSE:VEEV) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of VEEV, it.

Simply Wall St -

Have Insiders Been Selling Veeva Systems Inc. (NYSE:VEEV) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Veeva Systems Inc. … Veeva Systems Insider Transactions Over The Last Year. … In the last twelve months, the biggest single sale by an insider was when Director Timothy Barabe sold US$76k worth of shares at a price of US$105 per share.

Simply Wall St -

Are Veeva Systems Inc.’s (NYSE:VEEV) High Returns Really That Great?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Veeva Systems Shareholders Have Enjoyed A Whopping 414% Share Price Gain

(NYSE:VEEV), which saw its share price soar 414% in three years. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Veeva Systems was able to grow its EPS at 62% per year over three years, sending the share price higher.

Simply Wall St -

What Does Veeva Systems Inc.'s (NYSE:VEEV) P/E Ratio Tell You?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … How Do I Calculate Veeva Systems's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Do Analysts Think About The Future Of Veeva Systems Inc.'s (NYSE:VEEV)?

Based on Veeva Systems Inc.'s (NYSE:VEEV) earnings update in October 2018,. … it seems that analyst expectations are fairly bearish, … the higher past 5-year average growth rate of 44%

Simply Wall St -

Is It Too Late To Buy Veeva Systems Inc. (NYSE:VEEV) At Its January Price?

(NYSE:VEEV) is considered a high growth stock. … However its last closing price of $106.03 left investors wondering whether this growth has already been factored into the share price. … If you are bullish about Veeva Systems's growth potential then you are certainly not alone

Simply Wall St -

Is Veeva Systems Inc. (NYSE:VEEV) A Financially Strong Company?

Most investors favour these big stocks due to their strong balance sheet and high market liquidity, meaning there are an abundance of stock in the public market available for trading. … These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates. … Assessing the most recent data for VEEV, I will take you through the key ratios to measure financial health, in particular, its solvency and liquidity.

Simply Wall St -

Does Veeva Systems Inc.'s (NYSE:VEEV) CEO Pay Reflect Performance?

First, this article will compare CEO compensation with compensation at other large companies. … How Does Peter Gassner's Compensation Compare With Similar Sized Companies. … has a market cap of US$13b, and is paying total annual CEO compensation of US$88m.

Simply Wall St -

Who Has Been Selling Veeva Systems Inc (NYSE:VEEV) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Veeva Systems Inc (NYSE:VEEV). … That means that an insider was selling shares at below the current price (US$88.56). … Over the last year we saw more insider selling of Veeva Systems shares, than buying.

Simply Wall St -

VEEV Company Info

Description

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety. It also provides professional and support services in the areas of implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; technical consulting services related to data migration and systems integrations; training on its solutions; and ongoing managed services that include outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was founded in 2007 and is headquartered in Pleasanton, California.

Details
Name: Veeva Systems Inc.
VEEV
Exchange: NYSE
Founded: 2007
$18,100,209,100
145,301,510
Website: http://www.veeva.com
Address: Veeva Systems Inc.
4280 Hacienda Drive,
Pleasanton,
California, 94588,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE VEEV Class A Common Stock New York Stock Exchange US USD 16. Oct 2013
DB VEE Class A Common Stock Deutsche Boerse AG DE EUR 16. Oct 2013
LSE 0LO3 Class A Common Stock London Stock Exchange GB USD 16. Oct 2013
BMV VEEV * Class A Common Stock Bolsa Mexicana de Valores MX MXN 16. Oct 2013
Number of employees
Current staff
Staff numbers
2,171
Veeva Systems employees.
Industry
Health Care Technology
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:45
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/27
Last earnings filing: 2019/02/26
Last earnings reported: 2019/01/31
Last annual earnings reported: 2019/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.