Market Pulse50Neutral

Veeva Systems Inc.Opportunity Rank #10(VEEV) Intrinsic Value & DCF Analysis (2026)

Sector: Healthcare

Current Price

$185.23

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$185.23
Price
$248.96
Intrinsic Value
Undervalued by 34%MOS: $199.17

Fundamental Score

88/100
Bullish

Weighted across 6 signals

Narrative Score

64/100
Improving

No change vs previous

The intrinsic value of Veeva Systems Inc. (VEEV) is estimated at $248.96 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $185.23, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 10.58% long-term growth rate and a 9.38% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of Veeva Systems Inc. (VEEV) is estimated at $248.96 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $185.23, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 10.58% long-term growth rate and a 9.38% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$248.96
34.41% upside
20% margin of safety: $199.17
Years: 10Growth Rate: 10.58%
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Capital Efficiency

Average Quarterly ROIC
64.42%
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

88/100
BullishWeighted across 6 signals
DCF Discount
34.4% discount to price
100
FCF Yield
4.7% trailing FCF yield
68
ROIC vs WACC
ROIC 64.4% vs WACC 7.0% (9.2x)
100
Net Debt / FCF
Net cash position
100
Buybacks
Share count growing
30
FCF CAGR (5Y)
20.8% 5Y FCF CAGR
100
Strengths: DCF Discount, ROIC vs WACC. Concerns: Buybacks.

Narrative Details

64/100
Improving
Vs 6-Month Baseline:Average (56th pct)Weighted across 5 recent drivers
Trend: StableConfidence: 87%Updated: 1h ago
Sources: 87 (69 News · 18 Analyst)
Drivers(last 30 days)
49 news sentiment+1.1
18 regulatory scrutiny+0.3
2 earnings beat+0.0
Analyst upgrades+0.0
17 analyst reiterations0.0

Investment Coach

Updated 13h ago
BUYConfidence: 81%
Thesis
Veeva Systems Inc. is attractively valued with an estimated fair value 36.3% above its current price, supported by strong fundamentals including a high ROIC significantly exceeding its cost of capital. The company's improving narrative and robust free cash flow growth further reinforce its bullish outlook.
Key Risk
A key risk is if Veeva's ROIC falls below its cost of capital, undermining its fundamental strength and valuation support.
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: 10.58%5 Year CAGR: 20.81%

Free Cash Flow (in millions)

TTM202520242023202220212020201920182017201620152014201320122011
$1,441$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. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM MyInsights, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veeva CRM Events Management, Veeva Nitro, Veeva OpenData, Veeva Link, Veeva Network, Veeva Crossix, Veeva Data Cloud, and MyVeeva for Patients; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including sales and marketing, and medical content and communications, as well as research and development functions, such as clinical, regulatory, quality, and safety. It also provides professional and support services in the areas of implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; technical consulting services related to data migration and systems integrations; training on its solutions; and ongoing managed services that include outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.