Veeva Systems Intrinsic Value – VEEVA SYSTEMS Reports Non-GAAP EPS of $1.34, Revenue of $616.51M In-Line with Expectations
December 7, 2023
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VEEVA ($NYSE:VEEV) Systems, a leading provider of cloud-based solutions for the life sciences industry, reported non-GAAP earnings per share (EPS) of $1.34 and revenue of $616.51 million during its recent financial quarter. This was in-line with market expectations, while the EPS exceeded expectations by $0.05. The company is based in California and offers cloud-based software, data, and content management solutions to the pharmaceutical and biotechnology industries. Their software solutions are designed to help customers manage their commercial operations more effectively. VEEVA Systems provides solutions for customer relationship management, product launch and management, medical affairs, commercial compliance, and many other areas of life science operations.
The company has experienced tremendous growth in recent years and is now leveraging its technology to expand into new markets and provide newer, more comprehensive solutions. The company is currently well positioned to continue this growth moving forward.
Earnings
Total revenue earned amounted to 455.59 million USD, while net income totaled 108.86 million USD. Compared to the same time last year, this represents a 14.7% decrease in total revenue and a 20.2% increase in net income. Over the past 3 years, VEEVA SYSTEMS‘s total revenue has grown from 455.59 million USD to 590.22 million USD, illustrating the company’s long-term success and sustainability.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veeva Systems. More…
| Total Revenues | Net Income | Net Margin |
| 2.23k | 540.14 | 24.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veeva Systems. More…
| Operations | Investing | Financing |
| 977.03 | -1.36k | -11.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veeva Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.23k | 1.08k | 25.92 |
Key Ratios Snapshot
Some of the financial key ratios for Veeva Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.3% | 7.5% | 17.7% |
| FCF Margin | ROE | ROA |
| 43.8% | 6.1% | 4.7% |
Price History
VEEVA SYSTEMS reported their financial results for the fourth quarter of fiscal 2021 with non-GAAP EPS of $1.34 and revenue of $616.51M, which was in line with expectations. On Wednesday, VEEVA SYSTEMS stock opened at $179.0 and closed at $178.4, representing a slight 0.2% increase from the previous closing price of 178.0. Despite the minor uptick in stock price following the report, the company’s shares have seen a substantial decline since the beginning of the year. Live Quote…
Analysis – Veeva Systems Intrinsic Value
At GoodWhale, we recently conducted an analysis of VEEVA SYSTEMS‘s wellbeing. Through our proprietary Valuation Line, we determined that the fair value of VEEVA SYSTEMS’s share is around $258.3. However, the stock is currently being traded at $178.4, making it undervalued by 30.9%. Our research also indicates that with the current momentum in the market, investors are likely to benefit from buying the stock now. Therefore, we recommend that investors keep a close watch on VEEVA SYSTEMS’s stock and consider buying it if the market conditions remain favorable. More…
Peers
The company’s competitors include ORHub Inc, Essence Information Technology Co Ltd, and Xybion Digital Inc.
– ORHub Inc ($OTCPK:ORHB)
CrowdStrike Holdings, Inc. is an American cybersecurity technology firm headquartered in Sunnyvale, California. It provides endpoint security, threat intelligence, and cyber attack response services. The company was founded in 2011 by George Kurtz and Dmitri Alperovitch.
– Essence Information Technology Co Ltd ($SHSE:688555)
Essence Information Technology Co Ltd is a Chinese company that provides information technology services. It has a market cap of 1.01B as of 2022 and a Return on Equity of -2.84%. The company offers services in areas such as cloud computing, big data, and artificial intelligence.
– Xybion Digital Inc ($TSXV:XYBN)
Xybion Digital Inc is a publicly traded company with a market capitalization of $157.07 million as of 2022. The company has a negative return on equity of 12.47% and is involved in the digital media industry. Xybion Digital Inc owns and operates a number of online properties, including social media, video, and email platforms. The company has a strong presence in the United States, Canada, and Europe.
Summary
VEEVA Systems reported its non-GAAP EPS of $1.34, beating analyst expectations by $0.05. This result is a positive sign for investors, as it indicates that the company has maintained its strong performance despite the economic uncertainty caused by the pandemic. Going forward, VEEVA Systems is well-positioned to benefit from its cloud-based offerings and services, and investors are optimistic about the future of the company.
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