| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | 4 | — | — | 1 | — | 1 | 2 | — | — | 1 | 2 | 2 |
| total | individual payouts | |
|---|---|---|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | ‡‡‡‡‡ |
|
| 2025 | ‡‡‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 4,027.76 | 5,150.23 | 6,560.81 | 7,242.95 |
| Receivables | 888.54 | 1,057.12 | 1,310.35 | 565.65 |
| Inventory | — | — | — | — |
| Other | 86.92 | 101.46 | — | — |
| 5,003.21 | 6,308.80 | 7,997.63 | 7,946.23 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 31.51 | 30.45 | 37.64 | 35.98 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 1,178.88 | 1,398.40 | 1,637.06 | 1,455.95 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 882.95 | 927.96 | — | — |
—
|
| ’26 | 759.04 | 789.08 | 811.24 | 835.95 |
3,195.31
|
| ’25 | 650.35 | 676.18 | 699.21 | 720.89 |
2,746.62
|
| ’24 | 526.33 | 590.23 | 616.51 | 630.62 |
2,363.67
|
| ’23 | 505.10 | 534.22 | 552.35 | 563.39 |
2,155.06
|
| ’22 | 433.57 | 455.59 | 476.11 | 485.50 |
1,850.78
|
| ’21 | 337.11 | 353.68 | 377.52 | 396.76 |
1,465.07
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 1,127.12 | 238.71 | — | — |
—
|
| ’26 | 877.16 | 238.43 | 192.79 | 106.85 |
1,415.23
|
| ’25 | 763.52 | 92.87 | 164.12 | 69.54 |
1,090.05
|
| ’24 | 505.94 | 265.04 | 82.60 | 57.77 |
911.34
|
| ’23 | 481.03 | 93.39 | 142.66 | 63.40 |
780.47
|
| ’22 | 478.39 | 119.07 | 112.96 | 54.05 |
764.46
|
| ’21 | 282.17 | 105.32 | 95.40 | 68.35 |
551.25
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 1,125.37 | 230.69 | — | — |
—
|
| ’26 | 871.25 | 232.13 | 182.90 | 99.82 |
1,386.09
|
| ’25 | 755.04 | 89.82 | 159.85 | 64.82 |
1,069.53
|
| ’24 | 502.98 | 255.44 | 76.69 | 50.03 |
885.14
|
| ’23 | 478.69 | 91.72 | 137.05 | 59.49 |
766.96
|
| ’22 | 475.73 | 113.74 | 110.65 | 50.14 |
750.25
|
| ’21 | 282.44 | 99.91 | 92.09 | 68.12 |
542.56
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 1.57 | 1.66 | — | — |
—
|
| ’26 | 1.37 | 1.19 | 1.40 | 1.45 |
5.44
|
| ’25 | 0.98 | 1.04 | 1.13 | 1.18 |
4.32
|
| ’24 | 0.81 | 0.68 | 0.83 | 0.90 |
3.22
|
| ’23 | 0.62 | 0.56 | 0.67 | 1.16 |
3.00
|
| ’22 | 0.71 | 0.67 | 0.65 | 0.60 |
2.63
|
| ’21 | 0.54 | 0.58 | 0.60 | 0.64 |
2.36
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 151.02 | 157.00 | 170.25 | 201.54 | 148.05 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 257.68 | 225.49 | 258.93 | 310.50 | 296.24 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,482 | 6,744 | 7,172 | 7,291 | 7,928 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.34 | 0.32 | 0.33 | 0.38 | 0.40 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,850.78 | 2,155.06 | 2,363.67 | 2,746.62 | 3,195.31 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 72.79% | 71.72% | 71.35% | 74.53% | 75.53% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 512.31 | 509.10 | 588.02 | 919.38 | 1,194.51 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.68% | 23.62% | 24.88% | 33.47% | 37.38% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 427.39 | 487.71 | 525.71 | 714.14 | 908.91 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 59.76 | 47.59 | 24.29 | 30.47 | 44.70 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.08 | 13.87 | 14.72 | 16.97 | 19.52 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 2.79 | 3.14 | 3.27 | 4.41 | 5.55 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.99 | 5.02 | 5.68 | 6.73 | 8.65 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.09) | (0.09) | (0.16) | (0.13) | (0.18) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.90 | 4.94 | 5.51 | 6.61 | 8.47 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.00 | 23.92 | 28.93 | 36.03 | 44.08 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 153.25 | 155.39 | 160.53 | 161.88 | 163.67 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 84.78 | 54.49 | 63.23 | 52.89 | 36.57 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.59 | 12.30 | 14.09 | 13.75 | 10.42 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.45 | 7.13 | 7.17 | 6.47 | 4.61 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 18.33 | 10.89 | 12.41 | 11.89 | 8.38 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 45.22 | 30.59 | 33.13 | 30.54 | 19.32 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 764.46 | 780.47 | 911.34 | 1,090.05 | 1,415.23 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.21) | (13.51) | (26.20) | (20.52) | (29.13) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 750.25 | 766.96 | 885.14 | 1,069.53 | 1,386.09 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,266.40 | 2,962.51 | 3,824.33 | 4,910.40 | 6,360.57 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | 55.00 | 61.00 | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2,321.10) | (3,041.63) | (4,027.76) | (5,150.23) | (6,560.81) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,911.64 | 3,716.25 | 4,644.82 | 5,832.37 | 7,214.75 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.46% | 11.31% | 9.81% | 10.78% | 11.14% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 53.50% | 42.53% | 43.49% | 63.35% | 87.58% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.51% | 14.72% | 12.58% | 13.63% | 13.93% | — | — | — |
ROE
|
Veeva Systems (VEEV), a cloud software powerhouse for life sciences, has delivered impressive growth with revenue surging at a 28% CAGR from 2016 to 2023, reaching $2.75 billion in 2024, fueled by CRM, Vault, and regulatory tools amid pharma’s digital shift. A pristine balance sheet—boasting $5.15 billion in net cash and ROIC at 43%—underpins steady profitability, with EPS climbing 698% over the decade and free cash flow per share hitting $5.51. Yet, as growth moderates to 12-15% through 2027 and gross margins stabilize near 75%, the stock trades at elevated 33x forward EV/FCF, sensitive to macro headwinds and post-pandemic normalization.
Analyst targets signal strong upside—84% on average, up to 118%—betting on AI integrations, international expansion, and cross-selling to top pharma clients. Operational efficiency shines through revenue per employee rebounding to $377,000 and minimal capex, positioning Veeva as a quality compounder. However, red flags like $9.85 million in insider selling with zero buys raise eyebrows, echoing 2022’s 30% drawdown amid competition from Salesforce and Medidata.
This resilient performer merits a hold for conservative portfolios, but flawless execution is key amid risks of R&D budget scrutiny and inefficient cash deployment. Dive into the full analysis for the data-driven narrative on whether Veeva’s fortress holds or cracks under normalizing growth.
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