WallStSmart

Veeva Systems Inc Class A (VEEV)vsWaystar Holding Corp. Common Stock (WAY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Veeva Systems Inc Class A generates 176% more annual revenue ($3.20B vs $1.16B). VEEV leads profitability with a 28.4% profit margin vs 10.9%. WAY trades at a lower P/E of 31.3x. VEEV earns a higher WallStSmart Score of 69/100 (B-).

VEEV

Strong Buy

69

out of 100

Grade: B-

Growth: 8.0Profit: 8.0Value: 7.3Quality: 7.8
Piotroski: 4/9

WAY

Buy

63

out of 100

Grade: C+

Growth: 8.7Profit: 6.5Value: 5.0Quality: 6.0
Piotroski: 2/9Altman Z: 1.55
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

VEEVUndervalued (+40.0%)

Margin of Safety

+40.0%

Fair Value

$295.05

Current Price

$167.35

$127.70 discount

UndervaluedFair: $295.05Overvalued
WAYUndervalued (+8.3%)

Margin of Safety

+8.3%

Fair Value

$25.87

Current Price

$19.90

$5.97 discount

UndervaluedFair: $25.87Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

VEEV6 strengths · Avg: 8.5/10
Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Profit MarginProfitability
28.4%9/10

Keeps 28 of every $100 in revenue as profit

PEG RatioValuation
0.798/10

Growing faster than its price suggests

Operating MarginProfitability
29.4%8/10

Strong operational efficiency at 29.4%

Revenue GrowthGrowth
16.0%8/10

16.0% revenue growth

EPS GrowthGrowth
23.2%8/10

Earnings expanding 23.2% YoY

WAY5 strengths · Avg: 8.8/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Operating MarginProfitability
25.6%8/10

Strong operational efficiency at 25.6%

Revenue GrowthGrowth
22.4%8/10

Revenue surging 22.4% year-over-year

EPS GrowthGrowth
37.5%8/10

Earnings expanding 37.5% YoY

Areas to Watch

VEEV1 concerns · Avg: 4.0/10
P/E RatioValuation
31.5x4/10

Premium valuation, high expectations priced in

WAY4 concerns · Avg: 3.5/10
P/E RatioValuation
31.3x4/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.554/10

Distress zone — elevated risk

Return on EquityProfitability
3.6%3/10

ROE of 3.6% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : VEEV

The strongest argument for VEEV centers on Debt/Equity, Profit Margin, PEG Ratio. Profitability is solid with margins at 28.4% and operating margin at 29.4%. Revenue growth of 16.0% demonstrates continued momentum.

Bull Case : WAY

The strongest argument for WAY centers on Price/Book, Debt/Equity, Operating Margin. Revenue growth of 22.4% demonstrates continued momentum.

Bear Case : VEEV

The primary concerns for VEEV are P/E Ratio.

Bear Case : WAY

The primary concerns for WAY are P/E Ratio, Altman Z-Score, Return on Equity.

Key Dynamics to Monitor

WAY is growing revenue faster at 22.4% — sustainability is the question.

VEEV generates stronger free cash flow (100M), providing more financial flexibility.

Monitor HEALTH INFORMATION SERVICES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

VEEV scores higher overall (69/100 vs 63/100), backed by strong 28.4% margins and 16.0% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Veeva Systems Inc Class A

HEALTHCARE · HEALTH INFORMATION SERVICES · USA

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America. The company is headquartered in Pleasanton, California.

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Waystar Holding Corp. Common Stock

HEALTHCARE · HEALTH INFORMATION SERVICES · USA

Waystar Holding Corp. The company is headquartered in Lehi, Utah.

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