Hinge Health Inc. (HNGE) vs Veeva Systems Inc. (VEEV)

Hinge Health Inc. and Veeva Systems Inc. are both Health Information Services companies. Veeva Systems Inc. is the larger, with a market value of $50.7B against $8.5B — 6.0× the size. Veeva Systems Inc. trades at the lower P/E: 50.0× against 73.5×. Hinge Health Inc. grew revenue faster over the last twelve months: 58.8% against 16.5%. Veeva Systems Inc. has the higher net margin (29.3% vs 14.9%) and the higher return on invested capital (343.1% vs 0.00%). Across the 19 metrics below, Veeva Systems Inc. leads on 11 and Hinge Health Inc. on 8.

Valuation

Metric HNGE VEEV Health Information Services median
P/E 73.45 49.97 39.82
P/S 10.87 14.57 2.24
P/B 22.74 6.78 1.79
Price to free cash flow 27.58 30.74 19.04
EV/EBITDA 46.16 39.74 11.52
EV/Sales 10.33 12.47 2.64
Earnings yield 1.36% 2.00% (2.45%)
Free cash flow yield 3.63% 3.25% 0.00%

Profitability

Metric HNGE VEEV Health Information Services median
Gross margin 84.49% 74.96% 62.87%
Operating margin 13.01% 29.93% (9.45%)
Net margin 14.91% 29.34% (15.48%)
Free cash flow margin 39.43% 47.39% 0.00%
Return on equity 41.44% 14.42% (6.91%)
Return on assets 14.12% 11.90% (6.28%)
Return on invested capital 0.00% 343.12% 0.00%

Growth

Metric HNGE VEEV Health Information Services median
Revenue growth (TTM) 58.83% 16.50% 8.78%
EPS growth (last fiscal year) (782.85%) 25.93% 57.06%
Revenue growth, 5-year CAGR — 16.88% 11.91%
Net income growth, 5-year CAGR — 19.05% 0.00%

Health

Metric HNGE VEEV Health Information Services median
Debt to equity 0.00 0.00 0.00
Current ratio 1.34 5.46 2.31
Net debt to EBITDA 0.74 (6.83) 0.48

Dividend

Metric HNGE VEEV Health Information Services median
Dividend yield — — —
Payout ratio — — —

Size

Metric HNGE VEEV Health Information Services median
Market cap 8.47b 50.68b 332.37m

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