Market Pulse44Neutral

Veeva Systems Inc.Opportunity Rank #71(VEEV) Intrinsic Value & DCF Analysis (2026)

Sector: Healthcare

Current Price

$153.16

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$153.16
Price
$312.56
Intrinsic Value
Undervalued by 104%MOS: $250.05

Fundamental Score

98/100
Bullish

Weighted across 6 signals

Narrative Score

60/100
Improving

No change vs previous

Trend Score

12/100
Weak

As of 2026-06-22

The intrinsic value of Veeva Systems Inc. (VEEV) is estimated at $312.56 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $153.16, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 10.74% long-term growth rate and a 9.00% discount rate (calculated: 8.83%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Veeva Systems Inc. (VEEV) is estimated at $312.56 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $153.16, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 10.74% long-term growth rate and a 9.00% discount rate (calculated: 8.83%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$312.56
104.07% upside
20% margin of safety: $250.05
Years: 10Growth Rate: 10.74%
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Capital Efficiency

Average Quarterly ROIC
1412.74%
Cost of Capital (estimated)7%
Value StatusCreating Value

The company is earning a higher return on invested capital than it costs to raise that capital — a sign of strong, efficient value creation.

Complete historical ROIC is available with
.

Fundamental Details

98/100
BullishWeighted across 6 signals
DCF Discount
104.1% discount to price
100
FCF Yield
6.8% trailing FCF yield
100
ROIC vs WACC
ROIC 1412.7% vs WACC 7.0% (201.8x)
100
Net Debt / FCF
Net cash position
100
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
24.7% 5Y FCF CAGR
100
Strengths lead the score: DCF Discount, FCF Yield.

Narrative Details

60/100
Improving
Vs 6-Month Baseline:Average (42nd pct)Weighted across 6 recent drivers
Trend: Deteriorating downConfidence: 87%Updated: 46m ago
Sources: 95 (77 News · 18 Analyst)
Drivers(last 30 days)
66 news sentiment+0.7
7 regulatory scrutiny+0.2
2 guidance raise+0.2
Earnings beat-0.1
Earnings miss-0.0
Analyst downgrades-0.0

Trend Details

12/100
WeakAs of 2026-06-22308 daily bars used
Distance from 52-Week High-50.0%
3M Relative Strength vs SPY-31.6%
6M Relative Strength vs SPY-39.8%
Price vs 21 EMA17 · -6.2%
Price vs 50 EMA15 · -8.5%
21 EMA vs 50 EMA31 · -2.4%
3M RS vs SPY1 · -31.6%
6M RS vs SPY1 · -39.8%
Distance from 52W High0 · -50.0%

Investment Coach

Updating... 12d ago
BUYConfidence: 81%
Thesis
Veeva Systems Inc. is significantly undervalued with an estimated fair value over 214% above its current price, supported by a strong fundamental score of 98 and a ROIC that vastly exceeds its cost of capital. The company demonstrates robust free cash flow growth and a stable, strong narrative score, indicating solid operational performance and market confidence.
Key Risk
A key risk is if the valuation discount narrows below 10% or the ROIC falls below the cost of capital, which could undermine the investment thesis.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Confirm ROIC stays above cost of capital over coming quarters.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 10.74%5 Year CAGR: 24.67%

Free Cash Flow (in millions)

TTM202520242023202220212020201920182017201620152014201320122011
$1,687$1,111$938$794$779$560$440$319$243$151$101$94$44$32$5$5

How Intrinziq Estimates Fair Value

Intrinziq estimates Veeva Systems Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Veeva Systems Inc.Healthcare

Veeva Systems Inc. is a leading provider of cloud-based software solutions, exclusively dedicated to the global life sciences industry. Its extensive operational presence spans across North America, Europe, the Asia Pacific region, the Middle East, Africa, and Latin America. The company's product portfolio is primarily structured around two major offerings. First, the Veeva Commercial Cloud delivers an integrated suite of software, data, and analytics tools designed to optimize commercial operations. This includes vital applications such as Veeva Customer Relationship Management (CRM) and its specialized Medical CRM, Veeva Closed Loop Marketing (CLM), sophisticated analytics via Veeva CRM MyInsights, approved email communication with Veeva CRM Approved Email, digital engagement tools like Veeva CRM Engage, commercial alignment through Veeva Align, event management capabilities with Veeva CRM Events Management, data warehousing solutions (Veeva Nitro), data services (Veeva OpenData, Veeva Link), master data management (Veeva Network), advanced analytical insights (Veeva Crossix, Veeva Data Cloud), and patient engagement platforms (MyVeeva for Patients). Secondly, Veeva Vault provides a robust collection of cloud-native enterprise content and data management applications. These applications are engineered to support both critical commercial functions—encompassing sales, marketing, and medical content and communications—and comprehensive research and development processes, including clinical trials, regulatory compliance, quality management, and patient safety. Beyond its software, Veeva offers a wide array of professional and support services. These range from strategic implementation and deployment planning, project management, and detailed requirements analysis to solution design and configuration. They also include system environment management and deployment, expert consulting for business process transformation related to Veeva solutions, technical guidance on data migration and systems integrations, comprehensive training programs, and ongoing managed services such as outsourced systems administration. Tracing its origins, the company was incorporated in 2007 as Verticals onDemand, Inc., and subsequently rebranded to Veeva Systems Inc. in April 2009. Its corporate headquarters are situated in Pleasanton, California.