Added to YB: 2024-12-23
Pitch date: 2024-12-20
VEEV [neutral]
Veeva Systems Inc.
+0.31%
current return
Author Info
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Company Info
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.
Market Cap
$37.7B
Pitch Price
$222.57
Price Target
N/A
Dividend
N/A
EV/EBITDA
32.89
P/E
44.67
EV/Sales
10.10
Sector
Health Care Technology
Category
growth
Veeva System Q3'24 - Migration accelerating
VEEV (pass): Q3'25 strong, migration to Vault accelerating. 3/20 top pharma committed, 7 by year-end. IQVIA partnership w/ Salesforce not a threat. Revenue growth 10-15%, subscription +17%. 43.5% op margin. FY25 outlook: 15% rev growth to $2.72B, 12% billing growth. Valuation less attractive at 33x EV/FCF vs 25x in Dec '23.
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