VEEV - Embedded Expectations Analysis - 2021 05 18
Veeva Systems Inc. (VEEV:USA) currently trades near historical highs relative to UAFRS-based (Uniform) earnings with a 91.6x Uniform P/E, implying bullish expectations for the firm. However, management appears concerned about billings growth, contract research organization (CRO) partnerships, and the Vault platformSpecifically, management may lack confidence in their ability to sustain record wins for Quality and Regulatory, maintain strong total billings improvements, and cultivate further Commercial Cloud growth. Furthermore, they may be concerned about their transition to a public benefit corporation (PBC), and they may be overstating the potential of their contract research organization (CRO) partnerships and the capabilities of the Vault platform. Moreover, management may lack confidence in their ability to secure more sign-ups for Site Connect, capitalize on potential business opportunities outside of life sciences, and optimize Veeva Business Consulting by leveraging new technology. In addition, they may be overstating their position as the preferred healthcare CRM platform and they may be concerned about rising travel and event-related expenses as well as the adoption rate of Vault eTMF
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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