Projected Income Statement: Veeva Systems Inc.

Forecast Balance Sheet: Veeva Systems Inc.

Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -1,664 -2,376 -3,103 -4,028 -5,150 -6,647 -8,317 -9,448
Change - -42.79% -30.6% -29.81% -27.86% -29.06% -25.12% -13.6%
Announcement Date 3/2/21 3/2/22 3/1/23 2/29/24 3/5/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: Veeva Systems Inc.

Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 8.683 14.21 13.51 26.2 20.52 28.52 30.69 32.89
Change - 63.7% -4.94% 93.87% -21.67% 38.99% 7.61% 7.18%
Free Cash Flow (FCF) 1 542.6 750.2 767 885.1 1,070 1,329 1,536 1,708
Change - 38.28% 2.23% 15.41% 20.83% 24.29% 15.55% 11.22%
Announcement Date 3/2/21 3/2/22 3/1/23 2/29/24 3/5/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Veeva Systems Inc.

Fiscal Period: January 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 41.79% 42.47% 39.89% 37.03% 42.71% 45.3% 45.54% 47.95%
EBIT Margin (%) 39.78% 40.99% 38.54% 35.64% 41.95% 44.72% 44.46% 46.1%
EBT Margin (%) 26.89% 27.68% 23.62% 24.88% 33.47% 36.74% 36.1% 36.7%
Net margin (%) 25.94% 23.09% 22.63% 22.24% 26% 28.2% 28.65% 29.79%
FCF margin (%) 37.03% 40.54% 35.59% 37.45% 38.94% 41.92% 43.19% 42.63%
FCF / Net Income (%) 142.78% 175.54% 157.26% 168.37% 149.77% 148.65% 150.76% 143.08%

Profitability

        
ROA 14.29% 17.62% 16.14% 14.76% 16.46% 13.25% 12.82% 12.16%
ROE 24.07% 23.36% 20.99% 18.92% 20.82% 18.07% 16.66% 17.02%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 0.59% 0.77% 0.63% 1.11% 0.75% 0.9% 0.86% 0.82%
CAPEX / EBITDA (%) 1.42% 1.81% 1.57% 2.99% 1.75% 1.99% 1.89% 1.71%
CAPEX / FCF (%) 1.6% 1.89% 1.76% 2.96% 1.92% 2.15% 2% 1.93%

Items per share

        
Cash flow per share 1 3.43 4.711 4.805 5.574 6.597 8.517 9.361 10.41
Change - 37.34% 1.99% 16.02% 18.35% 29.1% 9.92% 11.2%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 15.04 18.88 22.88 28.41 35.3 44.9 52.99 61.49
Change - 25.53% 21.16% 24.18% 24.24% 27.21% 18.01% 16.05%
EPS 1 2.36 2.63 3 3.22 4.32 5.296 5.922 6.823
Change - 11.44% 14.07% 7.33% 34.16% 22.6% 11.82% 15.2%
Nbr of stocks (in thousands) 151,466 153,764 155,688 161,016 162,350 164,382 164,382 164,382
Announcement Date 3/2/21 3/2/22 3/1/23 2/29/24 3/5/25 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 34.9x 31.2x
PBR 4.11x 3.48x
EV / Sales 7.47x 6.19x
Yield - -
More valuation ratios * Estimated data

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AAA
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
33
Last Close Price
184.61USD
Average target price
308.63USD
Spread / Average Target
+67.18%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. VEEV Stock
  4. Financials Veeva Systems Inc.