VEEV - Embedded Expectations Analysis - 2019 08 12
Veeva Systems (VEEV:USA) currently trades at the higher end of historical averages relative to UAFRS-based (Uniform) Earnings with a 58.1x Uniform P/E, implying bullish expectations for the firm. Management appears to be concerned about growth, innovation, new products, and improving efficienciesValens' qualitative analysis of the firm's Q1 2019 earnings call highlights that management may be overstating the potential of AI as a method of improving their products. Moreover, management may be concerned by the company's ability to drive efficiency going forward. Also, they may be overstating their confidence about sustaining their net income growth and may be downplaying concerns about Veeva Nitro
Management also appears to be downplaying concerns about growing their customer base and current customer adoption of their tools. Finally, management may be overstating how confident they are about continuing Veeva Vault's success
Veeva Systems provides industry cloud solutions for the life sciences industry. Veeva Commercial Cloud is a suite of multichannel customer relationship management applications, a commercial data warehouse, territory allocation and alignment applications, master data management applications and customer reference and data and services. Veeva Vault is the company's suite of cloud-based, enterprise content management applications that address the content management requirements for the company's customers'commercial functions, including medical and sales and marketing, and key research and development functions, including clinical, regulatory, quality, and, when available, safety.
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