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Veeva Systems (Veeva Systems) Cyclically Adjusted Price-to-FCF : 71.13 (As of May. 15, 2024)


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What is Veeva Systems Cyclically Adjusted Price-to-FCF?

As of today (2024-05-15), Veeva Systems's current share price is $210.535. Veeva Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was $2.96. Veeva Systems's Cyclically Adjusted Price-to-FCF for today is 71.13.

The historical rank and industry rank for Veeva Systems's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

VEEV' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 55.96   Med: 74.08   Max: 163.5
Current: 68.94

During the past years, Veeva Systems's highest Cyclically Adjusted Price-to-FCF was 163.50. The lowest was 55.96. And the median was 74.08.

VEEV's Cyclically Adjusted Price-to-FCF is ranked worse than
81.87% of 171 companies
in the Healthcare Providers & Services industry
Industry Median: 23.21 vs VEEV: 68.94

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Veeva Systems's adjusted free cash flow per share data for the three months ended in Jan. 2024 was $0.351. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.96 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Veeva Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Veeva Systems's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veeva Systems Cyclically Adjusted Price-to-FCF Chart

Veeva Systems Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 120.35 71.81 70.14

Veeva Systems Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.81 66.18 70.85 65.38 70.14

Competitive Comparison of Veeva Systems's Cyclically Adjusted Price-to-FCF

For the Health Information Services subindustry, Veeva Systems's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Veeva Systems's Cyclically Adjusted Price-to-FCF Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Veeva Systems's Cyclically Adjusted Price-to-FCF falls into.



Veeva Systems Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Veeva Systems's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=210.535/2.96
=71.13

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Veeva Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Veeva Systems's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.351/129.4194*129.4194
=0.351

Current CPI (Jan. 2024) = 129.4194.

Veeva Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.123 100.023 0.159
201407 -0.058 100.520 -0.075
201410 0.231 100.176 0.298
201501 -0.014 98.604 -0.018
201504 0.256 99.824 0.332
201507 0.032 100.691 0.041
201510 0.105 100.346 0.135
201601 0.008 99.957 0.010
201604 0.735 100.947 0.942
201607 0.074 101.524 0.094
201610 0.159 101.988 0.202
201701 -0.033 102.456 -0.042
201704 0.910 103.167 1.142
201707 0.357 103.278 0.447
201710 0.196 104.070 0.244
201801 -0.003 104.578 -0.004
201804 0.966 105.708 1.183
201807 0.552 106.324 0.672
201810 0.236 106.695 0.286
201901 0.182 106.200 0.222
201904 1.486 107.818 1.784
201907 0.633 108.250 0.757
201910 0.387 108.577 0.461
202001 0.246 108.841 0.293
202004 1.769 108.173 2.116
202007 0.565 109.318 0.669
202010 0.590 109.861 0.695
202101 0.424 110.364 0.497
202104 2.949 112.673 3.387
202107 0.732 115.183 0.822
202110 0.693 116.696 0.769
202201 0.335 118.619 0.366
202204 2.971 121.978 3.152
202207 0.576 125.002 0.596
202210 0.879 125.734 0.905
202301 0.389 126.223 0.399
202304 3.113 127.992 3.148
202307 1.623 128.974 1.629
202310 0.504 129.810 0.502
202401 0.351 129.419 0.351

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Veeva Systems  (NYSE:VEEV) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Veeva Systems Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Veeva Systems's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Veeva Systems (Veeva Systems) Business Description

Address
4280 Hacienda Drive, Pleasanton, CA, USA, 94588
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.
Executives
Thomas D. Schwenger officer: President and COO C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Alan Mateo officer: EVP Global Sales C/O VEEVA SYSTEMS, 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Eleni Nitsa Zuppas officer: Chief Marketing Officer C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Matthew J Wallach officer: President C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Mary Lynne Hedley director C/O TESARO, INC., 1000 WINTER ST., STE 3300, WALTHAM MA 02451
Timothy S Cabral officer: Chief Financial Officer C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Paul J Sekhri director C/O VEEVA SYSTEMS INC., 4637 CHABOT DRIVE, SUITE 210, PLEASANTON CA 94588
Kristine Diamond officer: Chief Accounting Officer 345 ENCINAL STREET, SANTA CRUZ CA 95060
Paul Edward Chamberlain director C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Michele O'connor officer: Chief Accounting Officer C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Peter P Gassner director, 10 percent owner, officer: Chief Executive Officer C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Codd Ronald E F director C/O INTERWOVEN INC, 803 11TH AVE, SUNNYVALE CA 94089
Nimrata Hunt director IDEXX LABORATORIES, INC., WESTBROOK ME 04092
Priscilla Hung director C/O GUIDEWIRE SOFTWARE, INC., 970 PARK PL, SUITE 200, SAN MATEO CA 94403
Marshall Mohr director C/O INTUITIVE SURGICAL, INC, 1266 KIFER ROAD, SUNNYVALE CA 94086