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Is this Large Market Cap Stock target price reasonable for Veeva Systems Inc. (NYSE:VEEV)?

The company in question is, Veeva Systems Inc. (NYSE:VEEV) currently with a stock price of 37.94 (0.08% today). The market cap for Veeva Systems Inc. is 5184.19, and is in the sector Technology, and Healthcare Information Services industry. The target price for Veeva Systems Inc. is 43.9. Currently Veeva Systems Inc. is trading with a P/E of 97.96, and a forward P/E of 50.35. Average volume for Veeva Systems Inc. is 1269.93 and so far today it is 481459.

Performance in the last year for Veeva Systems Inc. has been 54.04%. For EPS growth, Veeva Systems Inc. has seen a growth of 36.20%, and is looking to grow in the next year to 24.67%. More long term stats show that EPS growth has been 79.40% over the last five years and could be 24.25% for the next five years. Veeva Systems Inc. has seen sales growth quarter over quarter at -30.20%, with EPS growth quarter over quarter at -51.20%. The 20-day simple moving average is -4.71%, with the 200-day simple moving average coming to 20.68%.

Since the IPO date for Veeva Systems Inc. on the 10/16/2013, Veeva Systems Inc. has seen performance year to date to be 31.40%. With Veeva Systems Inc. trading at 37.94, the dividend yield is *TBA, and the EPS is 0.39.

So could Veeva Systems Inc., be undervalued? Well as said before P/E is 97.96. The PEG is 4.04, P/S is 10.98 and the P/B is at 9.07. The P/cash is 10.81, with P/free cash flow at 38.6.

Veeva Systems Inc. ability to deal with debt shows that the current ratio is 2.8, and the quick ratio is 2.8. This is with long term debt/equity at 0, and total debt/equity at 0.

In terms of margins, Veeva Systems Inc. has a gross margin of 66.10%, an operating margin of 16.30% and a profit margin of 11.30%.Payout ratio for Veeva Systems Inc. is 0.00%. Return on assets come to 7.50% with return on investment coming to 10.80%.

Insider ownership for Veeva Systems Inc., is at 0.10% and institutional ownership comes to 93.00%. Outstanding shares are at 136.75. While shares float is 93.8. The float short is currently 7.57%, and short ratio is 5.59.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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