Discounted Cash Flow
Veeva Systems Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2017 | $544.0m | $68.8m | $137.1m | 12.6% | $0.51 |
| 2018 | $685.6m (26.0%) | $142.0m (106.3%) | $223.8m (63.3%) | 20.7% (63.7%) | $1.01 (98.0%) |
| 2019 | $862.2m (25.8%) | $229.8m (61.9%) | $302.4m (35.1%) | 26.7% (28.7%) | $1.59 (57.4%) |
| 2020 | $1.1b (28.1%) | $301.1m (31.0%) | $434.3m (43.6%) | 27.3% (2.3%) | $2.04 (28.3%) |
| 2021 | $1.5b (32.7%) | $380.0m (26.2%) | $551.2m (26.9%) | 25.9% (-4.9%) | $2.52 (23.5%) |
| 2022 | $1.9b (26.3%) | $427.4m (12.5%) | $764.5m (38.7%) | 23.1% (-11.0%) | $2.79 (10.7%) |
| 2023 | $2.2b (16.4%) | $487.7m (14.1%) | $780.5m (2.1%) | 22.6% (-2.0%) | $3.14 (12.5%) |
| 2024 | $2.4b (9.7%) | $525.7m (7.8%) | $911.3m (16.8%) | 22.2% (-1.7%) | $3.27 (4.1%) |
| 2025 | $2.7b (16.2%) | $714.1m (35.8%) | $1.1b (19.6%) | 26.0% (16.9%) | $4.41 (34.9%) |
| 2026 | $3.2b (16.3%) | $908.9m (27.3%) | $1.4b (29.8%) | 28.4% (9.4%) | $5.55 (25.9%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.