Financials Veeva Systems Inc.

Equities

VEEV

US9224751084

Advanced Medical Equipment & Technology

Market Closed - Nyse Other stock markets 16:00:02 2024-12-06 EST			5-day change	1st Jan Change
250.45 ^USD	+8.11%		+9.92%	+30.09%

12-06	Veeva Systems Insider Sold Shares Worth $390,128, According to a Recent SEC Filing	MT
12-06	KeyBanc Raises Veeva Systems Price Target to $285 From $240, Maintains Overweight Rating	MT

Projected Income Statement: Veeva Systems Inc.

income-statement-evolution-chart VEEVA-SYSTEMS-INC

Fiscal Period: January	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,104	1,465	1,851	2,155	2,364	2,724	3,053	3,436
Change	-	32.7%	26.33%	16.44%	9.68%	15.26%	12.05%	12.57%
EBITDA ¹	440.1	612.3	786.1	859.6	875.2	1,143	1,273	1,456
Change	-	39.13%	28.39%	9.35%	1.81%	30.64%	11.34%	14.4%
EBIT ¹	412.2	582.8	758.7	830.5	842.5	1,122	1,240	1,426
Change	-	41.37%	30.17%	9.47%	1.45%	33.12%	10.56%	14.96%
Interest Paid	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	313.7	394	512.3	509.1	588	893.9	939.5	1,044
Change	-	25.6%	30.03%	-0.63%	15.5%	52.02%	5.1%	11.17%
Net income ¹	301.1	380	427.4	487.7	525.7	689.6	770.4	877
Change	-	26.2%	12.47%	14.11%	7.79%	31.17%	11.73%	13.84%
Announcement Date	3/3/20	3/2/21	3/2/22	3/1/23	2/29/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: January	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2
Net sales ¹	280.9	311.5	337.1	353.7	377.5	396.8	433.6	455.6	476.1	485.5	505.1	534.2	552.4	563.4	526.3	590.2	616.5	630.6	650.3	676.2	699.2	698.7	725.3	756.8	782.3	790.9	815.4	851.6
Change	-	10.89%	8.22%	4.92%	6.74%	5.1%	9.28%	5.08%	4.5%	1.97%	4.04%	5.76%	3.39%	2%	-6.58%	12.14%	4.45%	2.29%	3.13%	3.97%	3.41%	-0.08%	3.81%	4.34%	3.38%	1.1%	3.1%	4.43%
EBITDA ¹	117.3	114.6	137.6	151.7	163.1	159.9	188	198.5	206.3	193.3	206.6	209.3	226.7	217.1	164.5	219.9	243	247.7	264.6	285.9	309.1	283.9	297.3	318.3	331.6	328.7	335.9	363.1
Change	-	-2.28%	20.06%	10.3%	7.47%	-1.94%	17.57%	5.57%	3.97%	-6.33%	6.89%	1.29%	8.31%	-4.24%	-24.19%	33.66%	10.48%	1.93%	6.82%	8.05%	8.14%	-8.15%	4.69%	7.09%	4.15%	-0.87%	2.18%	8.13%
EBIT ¹	111.6	103.4	129.7	144.4	155.5	153.2	181.4	191.6	199.4	186.3	199.6	202	219.5	209.4	157	211.8	234.6	239.1	260.9	279.8	304	277.1	289.4	310.4	326.9	322.3	331.9	357.5
Change	-	-7.36%	25.42%	11.36%	7.7%	-1.52%	18.41%	5.64%	4.1%	-6.62%	7.14%	1.25%	8.64%	-4.61%	-25.02%	34.94%	10.75%	1.89%	9.12%	7.24%	8.68%	-8.87%	4.45%	7.27%	5.31%	-1.4%	2.96%	7.73%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	89.94	65.24	90.98	92.96	104.8	105.3	133	126.3	133.5	119.5	130.4	109.5	133.9	135.4	91.78	142.9	170.7	182.7	206.9	225.1	242.3	217.4	234.5	246.3	257.4	258.3	-	-
Change	-	-27.47%	39.46%	2.18%	12.69%	0.51%	26.32%	-5.05%	5.73%	-10.52%	9.12%	-16.02%	22.26%	1.12%	-32.2%	55.67%	19.46%	7.04%	13.25%	8.78%	7.66%	-10.25%	7.83%	5.04%	4.5%	0.37%	-100%	-
Net income ¹	82.24	66.18	86.57	93.55	96.96	102.9	115.6	108.9	105.9	97.1	100.1	90.6	108.5	188.5	131.5	111.6	135.2	147.4	161.7	171	185.8	171.1	183.1	196.6	203.8	204.1	202.5	223.7
Change	-	-19.53%	30.81%	8.06%	3.64%	6.15%	12.29%	-5.81%	-2.75%	-8.29%	3.11%	-9.5%	19.71%	73.83%	-30.24%	-15.13%	21.08%	9.06%	9.68%	5.8%	8.63%	-7.94%	7.06%	7.34%	3.68%	0.15%	-0.81%	10.47%
Announcement Date	11/26/19	3/3/20	5/28/20	8/27/20	12/1/20	3/2/21	5/27/21	9/1/21	12/1/21	3/2/22	6/1/22	8/31/22	12/1/22	3/1/23	5/31/23	8/30/23	12/6/23	2/29/24	5/30/24	8/28/24	12/5/24	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Veeva Systems Inc.

balance-sheet-analysis-chart VEEVA-SYSTEMS-INC

Fiscal Period: January	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-1,087	-1,664	-2,376	-3,103	-4,028	-5,066	-6,114	-7,339
Change	-	-253.08%	-242.79%	-230.6%	-229.81%	-225.78%	-220.69%	-220.04%
Announcement Date	3/3/20	3/2/21	3/2/22	3/1/23	2/29/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Veeva Systems Inc.

Fiscal Period: January	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	3.113	8.683	14.21	13.51	26.2	22.78	24.18	26.24
Change	-	178.93%	63.7%	-4.94%	93.87%	-13.05%	6.15%	8.54%
Free Cash Flow (FCF) ¹	433.1	542.6	750.2	767	885.1	1,061	1,205	1,399
Change	-	25.29%	38.28%	2.23%	15.41%	19.87%	13.57%	16.06%
Announcement Date	3/3/20	3/2/21	3/2/22	3/1/23	2/29/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Veeva Systems Inc.

Fiscal Period: January	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	39.86%	41.79%	42.47%	39.89%	37.03%	41.96%	41.7%	42.38%
EBIT Margin (%)	37.34%	39.78%	40.99%	38.54%	35.64%	41.17%	40.62%	41.48%
EBT Margin (%)	28.41%	26.89%	27.68%	23.62%	24.88%	32.81%	30.78%	30.39%
Net margin (%)	27.27%	25.94%	23.09%	22.63%	22.24%	25.31%	25.24%	25.52%
FCF margin (%)	39.22%	37.03%	40.54%	35.59%	37.45%	38.94%	39.48%	40.7%
FCF / Net Income (%)	143.82%	142.78%	175.54%	157.26%	168.37%	153.87%	156.42%	159.47%
Profitability
ROA	15.34%	14.29%	17.62%	16.14%	14.76%	18.28%	17.47%	18.12%
ROE	23.9%	24.07%	23.36%	20.99%	18.92%	20.05%	18.27%	17.41%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	0.28%	0.59%	0.77%	0.63%	1.11%	0.84%	0.79%	0.76%
CAPEX / EBITDA (%)	0.71%	1.42%	1.81%	1.57%	2.99%	1.99%	1.9%	1.8%
CAPEX / FCF (%)	0.72%	1.6%	1.89%	1.76%	2.96%	2.15%	2.01%	1.88%
Items per share
Cash flow per share ¹	2.763	3.43	4.711	4.805	5.574	6.503	7.48	8.69
Change	-	24.14%	37.34%	1.99%	16.02%	16.66%	15.03%	16.17%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	11.27	15.04	18.88	22.88	28.41	36.23	42.71	50.59
Change	-	33.48%	25.53%	21.16%	24.18%	27.51%	17.91%	18.43%
EPS ¹	1.9	2.36	2.63	3	3.22	4.194	4.61	5.12
Change	-	24.21%	11.44%	14.07%	7.33%	30.26%	9.92%	11.05%
Nbr of stocks (in thousands)	148,587	151,466	153,764	155,688	161,016	161,934	161,934	161,934
Announcement Date	3/3/20	3/2/21	3/2/22	3/1/23	2/29/24	-	-	-