Veeva Systems Inc. Financial Ratios — VEEV Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Return on Common Equity (%)	137.7	120.9	64.28	58.75	46.89	43.55	50.2	45.58	39.14	34.24	28.24	24.75	21.22	23.06	23.25
Return on Assets (%)	20.43	28.63	10.26	8.82	8.71	9.56	14.08	15.94	15.34	14.29	12.46	11.31	9.81	10.78	11.14
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	61.15	73.66	14.98	12.11	11.86	13.14	18.36	19.92	18.47	17.88	15.8	12.94	8.99	10.09	10.54
Gross Margin (%)	52.57	55.99	60.69	63.07	65.25	68.45	69.38	71.55	72.52	72.09	72.79	71.72	71.35	74.53	75.53
EBITDA Margin (%)	11.5	23.79	19.85	23.59	21.27	24.43	24.94	27.48	27.72	27.8	28.8	22.65	19.54	26.61	29.87
Operating Margin (%)	10.84	23.18	18.7	22.34	19.2	21.92	22.87	25.85	25.92	25.79	27.31	21.3	18.16	25.17	28.68
Incremental Operating Margin (%)	4.81	34.26	11.5	29.75	8.98	29.79	26.6	37.83	26.19	25.37	33.11	-15.25	-14.26	68.44	50.13
Pretax Margin (%)	10.86	22.46	18.32	21.45	19.21	22.22	24.01	27.68	28.41	26.89	27.68	23.62	24.88	33.47	37.38
Profit Margin (%)	6.9	14.5	11.24	12.89	13.31	14.09	21.89	26.66	27.27	25.94	23.09	22.63	22.24	26	28.44
Net Income to Common Margin (%)	6.9	14.5	11.24	12.89	13.31	14.09	21.89	26.66	27.27	25.94	23.09	22.63	22.24	26	28.44
Effective Tax Rate (%)	36.42	35.44	38.66	39.89	30.73	36.6	8.8	3.69	4.01	3.55	16.58	4.2	10.6	22.32	23.91
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	137.7	120.9	64.28	58.75	46.89	43.55	50.2	45.58	39.14	34.24	28.24	24.75	21.22	23.06	23.25

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	55	63	55	61	56	76	96
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	10	12	11	11	9	10	12
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	45	51	44	50	46	66	84
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	0.18	0.15	0.1	0.12	0.12	0.1	0.1
Net Debt/EBITDA	-2.4	-1.03	-6.29	-1.75	-1.52	-1.62	-1.86	-2.33	-1.56	-1.79	-2.14	-1.82	-1.52	-1.53	-1.49
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	0.19	0.17	0.11	0.13	0.13	0.11	0.1
Net Debt/EBIT	-2.54	-1.06	-6.68	-1.85	-1.68	-1.8	-2.03	-2.47	-1.67	-1.93	-2.25	-1.93	-1.64	-1.62	-1.55
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	14.84	27.75	13.11	16.32	20.32	23.21	31.65	37.44	40.48	42.67	45.25	46.1	46.36	47.07	48.59
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	2.69	2.27	1.5	1.34	1	1.13	1.16
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	4.6	3.77	2.45	2.18	1.66	1.86	1.88
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	1.97	1.69	1.14	1.03	0.79	0.9	0.93
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.29	2.79	1.87	1.64	1.2	1.3	1.33
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	5.63	4.63	3.06	2.68	1.99	2.15	2.15
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	2.41	2.07	1.43	1.27	0.94	1.03	1.07
Net Debt to Equity	-119.69	-93.89	-93.72	-31.77	-26.16	-33.34	-35.33	-44.51	-28.62	-32.23	-39.09	-23.85	-15.15	-19.18	-19.7
Net Debt/Capital (%)	443.86	106,300	122.69	320.51	-1,179.43	4,609.32	-462.81	-807.56	-95.78	-115.54	-176.83	-63.81	-33.62	-46.39	-46.78
EBITDA	7	31	42	74	87	135	172	237	306	407	533	488	462	731	954
EBITDA-CapEx	6	29	39	47	65	128	163	228	303	407	533	488	462	731	954
Operating Income (Loss)	7	30	39	70	79	121	158	223	286	378	505	459	429	691	916

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Cash Ratio	0.64	0.85	3.33	2.94	1.86	2.1	2.49	2.72	1.97	2.32	2.83	3.08	3.42	3.68	4.01
Current Ratio	1.51	1.6	4.08	3.7	2.69	2.88	3.31	3.57	2.78	3.23	3.7	3.94	4.24	4.51	4.89
Quick Ratio	1.48	1.56	4	3.62	2.64	2.84	3.27	3.52	2.74	3.18	3.65	3.86	4.17	4.44	4.81
CFO/Avg Current Liab	0.36	0.77	0.59	0.61	0.5	0.67	0.84	0.88	0.92	0.87	0.98	0.84	0.83	0.85	0.93
Common Equity/Total Assets	14.84	27.75	13.11	16.32	20.32	23.21	31.65	37.44	40.48	42.67	45.25	46.1	46.36	47.07	48.59
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	2.69	2.27	1.5	1.34	1	1.13	1.16
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	4.6	3.77	2.45	2.18	1.66	1.86	1.88
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	1.97	1.69	1.14	1.03	0.79	0.9	0.93
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	3.29	2.79	1.87	1.64	1.2	1.3	1.33
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	5.63	4.63	3.06	2.68	1.99	2.15	2.15
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	2.41	2.07	1.43	1.27	0.94	1.03	1.07
CFO/Total Liabilities	17.34	55.14	46.28	48.95	39.97	54.4	72.03	74.71	72.15	70.7	84.49	71.73	71.98	72.31	80.2
CFO/CapEx	3.97	19.82	14.03	2.55	3.69	20.8	24.23	36.83	140.5	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.64	3.4	12.97	18.04	11.74	15.33	18.69	25.1	24.1	34.63	26.68	17.03	18.04	17.33	13.69

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Accounts Receivable Turnover	5.96	4.49	4.4	4.15	3.45	3.36	3.39	3.27	3.19	3.07	3.1	3.23	3.04	2.94	2.81
Days Sales Outstanding	61.27	81.23	82.96	88.04	105.9	108.6	107.69	111.79	114.58	118.85	117.89	112.99	120.08	124.15	130
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	38.41	23.5	30.27	38.53	33.52	33.8	33.5	30.56	21.27	19.17	23.1	19.65	18.51	22.58	22.97
Accounts Payable Turnover Days	9.5	15.53	12.06	9.47	10.89	10.8	10.89	11.94	17.16	19.04	15.8	18.58	19.72	16.16	15.89
Cash Conversion Cycle	51.77	65.7	70.9	78.56	95.01	97.8	96.79	99.84	97.41	99.8	102.09	94.41	100.36	107.99	114.11
Inventory to Cash Days	61.27	81.23	82.96	88.04	105.9	108.6	107.69	111.79	114.58	118.85	117.89	112.99	120.08	124.15	130
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Market Capitalization	- -	- -	1,644	3,673	3,182	5,744	8,820	15,731	21,668	41,650	36,250	26,501	33,296	37,760	33,375
- Cash & Cash Equivalents	17	32	263	129	132	218	320	551	477	731	1,138	886	703	1,119	1,421
+ Preferred Equity and Hybrid Capital	7	7	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	55	63	55	61	56	76	96
Enterprise Value	-10	-39	1,356	3,275	2,835	5,225	8,058	14,641	20,636	40,050	33,928	23,459	29,324	32,685	26,910
Total Capital	13	32	49	89	143	213	389	619	974	1,363	1,782	2,276	2,796	3,530	4,459
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	5.63	4.63	3.06	2.68	1.99	2.15	2.15
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	6.45	10.46	6.93	9.49	11.67	16.98	18.69	27.34	18.33	10.89	12.41	11.9	8.42
EV/EBITDA	- -	- -	32.51	44.32	32.57	38.85	46.79	61.79	67.42	98.34	63.66	48.05	63.48	44.72	28.2
EV/EBIT	- -	- -	34.51	46.81	36.08	43.3	51.02	65.69	72.1	106.01	67.12	51.1	68.3	47.27	29.37
EV/Cash Flow to Firm	- -	- -	32.48	48.47	35.38	36.28	34.52	47.1	47.18	72.65	44.38	30.06	32.18	29.99	19.01
EV/Free Cash Flow to Firm	- -	- -	30.32	34.8	27.83	34.62	33.15	45.86	46.85	72.65	44.38	30.06	32.18	29.99	19.01
Diluted Market Cap	- -	- -	4,109	4,147	3,494	6,247	9,660	17,026	23,208	44,433	38,385	27,704	33,909	38,542	34,054
Diluted Enterprise Value	-10	-25	3,847	4,018	3,362	6,029	9,340	16,475	22,786	43,765	37,302	26,878	33,261	37,499	32,728
EV per Share	- -	- -	26.22	25.64	21.48	38.51	57.43	101.5	139.63	265.82	221.39	150.98	182.67	201.91	164.42
TTM Sales	61	130	210	313	409	551	691	862	1,104	1,465	1,851	2,155	2,364	2,747	3,195
TTM EBITDA	7	31	42	74	87	135	172	237	306	407	533	488	462	731	954
TTM Operating Income	7	30	39	70	79	121	158	223	286	378	505	459	429	691	916
TTM Cash Flow to Firm	5	31	42	68	80	144	233	311	437	551	764	780	911	1,090	1,415
TTM Free Cash Flow to Firm	6	32	45	94	102	151	243	319	440	551	764	780	911	1,090	1,415

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Price/Free Cash Flow	- -	- -	91.87	44.07	34.3	41.39	39.74	53.33	52.69	80.6	50.21	35.5	37.21	35.36	24.06
EV/EBIT	- -	- -	34.51	46.81	36.08	43.3	51.02	65.69	72.1	106.01	67.12	51.1	68.3	47.27	29.37
Enterprise Value	-10	-39	1,356	3,275	2,835	5,225	8,058	14,641	20,636	40,050	33,928	23,459	29,324	32,685	26,910
Low Price	- -	- -	28.71	17.11	22.11	19.97	41.3	52.17	107.84	118.11	212.49	151.02	160.21	170.25	201.54
EV/Sales	- -	- -	6.45	10.46	6.93	9.49	11.67	16.98	18.69	27.34	18.33	10.89	12.41	11.9	8.42
EV/EBITDA	- -	- -	32.51	44.32	32.57	38.85	46.79	61.79	67.42	98.34	63.66	48.05	63.48	44.72	28.2
Price/Earnings	- -	- -	69.63	90.95	58.42	74.05	58.34	68.45	71.96	109.61	84.82	54.34	63.34	52.87	36.72
Price/Earnings Average	- -	- -	80.07	84.05	64.86	61.03	52.75	52.9	71.43	92.68	103.11	59.76	57.65	47.47	46.21
Price/Earnings High	- -	- -	107.33	125.9	80.24	83.88	63.18	69.04	86.83	124.49	123.34	76.36	68.86	58.69	55.91
Price/Earnings Low	- -	- -	62.89	54.11	53.6	34.93	38.33	32.74	52.93	46.83	76.19	48.12	48.92	38.59	36.29
Price/Book Value	- -	- -	33.87	41.3	22.19	26.98	22.65	25.41	23.56	32.05	20.99	11.97	12.15	10.93	7.65
Price/Book Value Average	- -	- -	38.95	38.17	24.64	22.24	20.48	19.64	23.39	27.1	25.52	13.16	11.06	9.81	9.62
Price/Book Value High	- -	- -	52.21	57.17	30.48	30.56	24.53	25.62	28.43	36.4	30.52	16.82	13.21	12.13	11.65
Price/Book Value Low	- -	- -	30.59	24.57	20.36	12.73	14.88	12.15	17.33	13.69	18.86	10.6	9.38	7.98	7.56
Price/Tangible Book Value	- -	- -	6.16	9.28	8.79	11.1	11.32	14.08	19.83	24.28	15.3	8.3	8.04	7.06	4.95
Price/Tangible Book Value Average	- -	- -	7.08	8.57	9.76	9.15	10.24	10.88	19.69	20.53	18.59	9.13	7.32	6.34	6.23
Price/Tangible Book Value High	- -	- -	9.49	12.84	12.07	12.57	12.26	14.2	23.93	27.57	22.24	11.66	8.74	7.84	7.53
Price/Tangible Book Value Low	- -	- -	5.56	5.52	8.06	5.24	7.44	6.73	14.59	10.37	13.74	7.35	6.21	5.15	4.89
Price/Sales	- -	- -	7.82	11.73	7.77	10.43	12.77	18.25	19.63	28.43	19.59	12.3	14.09	13.75	10.44
Price/Sales Average	- -	- -	9	10.84	8.63	8.6	11.55	14.1	19.48	24.04	23.81	13.52	12.82	12.34	13.14
Price/Sales High	- -	- -	12.06	16.23	10.68	11.82	13.83	18.4	23.68	32.29	28.48	17.28	15.31	15.26	15.9
Price/Sales Low	- -	- -	7.07	6.98	7.13	4.92	8.39	8.73	14.44	12.15	17.59	10.89	10.88	10.03	10.32
Price/Cash Flow	- -	- -	39.38	54.36	39.69	39.89	37.78	50.61	49.54	75.56	47.42	33.96	36.54	34.64	23.58
Price/Cash Flow Average	- -	- -	45.28	50.23	44.07	32.88	34.16	39.12	49.18	63.89	57.64	37.35	33.26	31.1	29.67
Price/Cash Flow High	- -	- -	60.7	75.24	54.52	45.18	40.91	51.05	59.78	85.82	68.95	47.72	39.72	38.45	35.91
Price/Cash Flow Low	- -	- -	35.57	32.34	36.42	18.82	24.82	24.21	36.44	32.28	42.6	30.07	28.22	25.28	23.31
Price/Free Cash Flow Average	- -	- -	105.64	40.73	38.08	34.11	35.93	41.22	52.3	68.16	61.04	39.04	33.87	31.75	30.28
Price/Free Cash Flow High	- -	- -	141.61	61	47.1	46.88	43.04	53.79	63.57	91.55	73.01	49.88	40.45	39.25	36.64
Price/Free Cash Flow Low	- -	- -	82.98	26.22	31.46	19.53	26.11	25.51	38.75	34.44	45.11	31.43	28.74	25.81	23.78
EV/Sales Average	- -	- -	7.75	10.42	8.31	8.2	11.08	13.46	19.1	23.58	23.22	13.14	12.55	11.96	12.73
EV/Sales High	- -	- -	10.81	15.82	10.36	11.42	13.37	17.76	23.3	31.83	27.9	16.9	15.04	14.88	15.49
EV/Sales Low	- -	- -	5.82	6.56	6.81	4.53	7.93	8.09	14.05	11.69	17.01	10.51	10.61	9.65	9.91
EV/EBITDA Average	-1.41	-0.81	39.03	44.18	39.06	33.58	44.45	48.99	68.89	84.84	80.65	58.01	64.21	44.96	42.62
EV/EBITDA High	-1.41	-0.81	54.47	67.05	48.68	46.75	53.6	64.64	84.04	114.53	96.87	74.59	76.95	55.93	51.86
EV/EBITDA Low	-1.41	-0.81	29.31	27.82	32.01	18.53	31.79	29.43	50.69	42.06	59.07	46.37	54.27	36.28	33.17
EV/EBIT Average	-1.5	-0.83	41.43	46.66	43.27	37.43	48.47	52.08	73.67	91.46	85.03	61.69	69.09	47.52	44.38
EV/EBIT High	-1.5	-0.83	57.81	70.82	53.92	52.11	58.45	68.72	89.87	123.45	102.13	79.32	82.8	59.11	54.01
EV/EBIT Low	-1.5	-0.83	31.11	29.38	35.46	20.65	34.67	31.29	54.21	45.34	62.28	49.32	58.4	38.35	34.55
Last Price	- -	- -	31.79	28.76	24.1	42.33	62.86	109.06	146.61	276.44	236.54	170.55	207.41	233.26	203.92
High Price	- -	- -	49	39.81	33.1	47.95	68.07	110	176.9	313.99	343.96	239.67	225.48	258.93	310.5
Enterprise Value Average	-10	-25	1,628	3,265	3,400	4,517	7,655	11,607	21,087	34,552	42,983	28,321	29,661	32,859	40,671
Enterprise Value High	-10	-25	2,272	4,955	4,238	6,289	9,231	15,316	25,723	46,640	51,629	36,416	35,550	40,872	49,493
Enterprise Value Low	-10	-25	1,223	2,056	2,787	2,492	5,475	6,974	15,516	17,128	31,481	22,641	25,071	26,517	31,660

Shares Outstanding	122	122	125	131	134	138	142	146	149	152	154	158	161	163	164
Diluted Weighted Avg Shares	121	121	129	144	145	148	154	156	158	161	162	162	163	165	167
Basic Weighted Avg Shares	108	108	52	128	132	136	140	144	148	151	153	155	161	162	164
Revenue per Share	0.56	1.19	4.06	2.45	3.1	4.06	4.92	5.98	7.47	9.72	12.08	13.87	14.72	16.97	19.52
EBITDA per Share	0.06	0.28	0.81	0.58	0.66	0.99	1.23	1.64	2.07	2.7	3.48	3.14	2.88	4.51	5.83
Operating Income per Share	0.06	0.28	0.76	0.55	0.6	0.89	1.13	1.55	1.94	2.51	3.3	2.95	2.67	4.27	5.6
Basic EPS, GAAP	0.04	0.17	0.46	0.32	0.41	0.57	1.08	1.59	2.04	2.52	2.79	3.14	3.27	4.41	5.55
Basic EPS from Cont Ops	0.04	0.17	0.46	0.32	0.41	0.57	1.08	1.59	2.04	2.52	2.79	3.14	3.27	4.41	5.55
Diluted EPS, GAAP	0.04	0.16	0.18	0.28	0.38	0.53	0.98	1.47	1.9	2.36	2.63	3	3.22	4.32	5.44
Diluted EPS from Cont Ops	0.04	0.16	0.18	0.28	0.38	0.53	0.98	1.47	1.9	2.36	2.63	3	3.22	4.32	5.44
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.04	0.28	0.81	0.53	0.61	1.06	1.66	2.15	2.96	3.66	4.99	5.02	5.68	6.73	8.65
Free Cash Flow per Basic Share	0.03	0.27	0.75	0.32	0.44	1.01	1.6	2.1	2.94	3.66	4.99	5.02	5.68	6.73	8.65
Cash & Equivalents per Share	0.16	0.43	5.57	3.12	2.62	3.82	5.43	7.56	7.35	11.04	15.5	19.97	25.09	31.82	40.09
Book Value per Share	0.06	0.23	0.94	0.7	1.09	1.57	2.78	4.29	6.22	8.63	11.27	14.25	17.07	21.34	26.66
Tangible Book Value per Share	0.06	0.24	5.16	3.1	2.74	3.81	5.55	7.75	7.39	11.39	15.46	20.55	25.8	33.04	41.21

Veeva Systems Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)