Veolia Environnement (FR:VIE)
:VIE
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Veolia Environnement
(VIE)
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Rating:61Neutral
Price Target:
€35.00
▲(4.60% Upside)
Action:DowngradedDate:03/05/26
The score is held back mainly by balance-sheet risk (high leverage and weaker equity) and some volatility/inconsistency in reported financial metrics, despite resilient operating and free cash flow. Technicals are moderately supportive with price above key longer-term averages and positive MACD, and valuation is helped by a solid dividend yield with a mid-range P/E.
Positive Factors
Essential, diversified services
Veolia’s core businesses—water, waste and energy services—are essential to municipalities and industry, creating durable, contract-driven demand. Diversified service lines reduce single-market exposure and support recurring revenues that remain relevant over multi-year planning horizons.
Negative Factors
Elevated leverage and weakening equity
High and rising debt with a declining equity base increases financial risk and limits strategic optionality. Over the coming months higher leverage raises refinancing and interest-rate exposure, constraining ability to invest, pursue M&A, or withstand macro shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Essential, diversified services
Veolia’s core businesses—water, waste and energy services—are essential to municipalities and industry, creating durable, contract-driven demand. Diversified service lines reduce single-market exposure and support recurring revenues that remain relevant over multi-year planning horizons.
Read all positive factors
Veolia Environnement (VIE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€24.46B
Dividend Yield4.77%
Average Volume (3M)1.56M
Price to Earnings (P/E)9.7
Beta (1Y)0.85
Revenue Growth-0.31%
EPS Growth1.28%
CountryFR
Employees202,332
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)0.58
Shares Outstanding741,723,450
10 Day Avg. Volume1,918,759
30 Day Avg. Volume1,563,847
Financial Highlights & Ratios
PEG Ratio2.52
Price to Book (P/B)3.14
Price to Sales (P/S)0.50
P/FCF Ratio15.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€37.30Price Target Upside11.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)2.37
Revenue Forecast (FY)€46.72B
Veolia Environnement Business Overview & Revenue Model
Company Description
Veolia Environnement S.A. designs and provides water, waste, and energy management solutions worldwide. The company is involved in the resource management, production, and delivery of drinking water and industrial process water; collection, treatm...
How the Company Makes Money
Veolia generates revenue through multiple key streams, primarily by providing water and wastewater services, waste management solutions, and energy services. The company charges municipalities and industries for water supply and treatment services...
Veolia Environnement Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
45
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 44.40B | 44.69B | 45.35B | 42.89B | 28.51B |
| Gross Profit | 7.82B | 7.71B | 7.45B | 7.11B | 4.58B |
| EBITDA | 6.58B | 5.93B | 5.53B | 5.00B | 3.23B |
| Net Income | 1.22B | 1.10B | 937.00M | 715.80M | 404.30M |
Balance Sheet | |||||
| Total Assets | 70.67B | 72.96B | 72.57B | 73.30B | 53.08B |
| Cash, Cash Equivalents and Short-Term Investments | 8.02B | 11.76B | 10.79B | 10.86B | 11.96B |
| Total Debt | 33.35B | 19.96B | 31.98B | 21.88B | 12.97B |
| Total Liabilities | 61.24B | 57.65B | 57.86B | 58.44B | 40.31B |
| Stockholders Equity | 7.02B | 12.91B | 8.68B | 3.57B | 11.52B |
Cash Flow | |||||
| Free Cash Flow | 1.46B | 2.07B | 1.86B | 1.36B | 1.42B |
| Operating Cash Flow | 4.52B | 5.04B | 5.00B | 4.15B | 3.15B |
| Investing Cash Flow | -3.40B | -2.12B | -2.12B | 4.52B | -850.60M |
| Financing Cash Flow | -2.62B | -1.86B | -3.14B | -10.17B | 2.29B |
Veolia Environnement Technical Analysis
Positive
33.46
Price Trends
32.83
Positive
31.13
Positive
30.33
Positive
Market Momentum
-0.06
Negative
57.60
Neutral
90.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:VIE, the sentiment is Positive. The current price of 33.46 is above the 20-day moving average (MA) of 32.48, above the 50-day MA of 32.83, and above the 200-day MA of 30.33, indicating a bullish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 57.60 is Neutral, neither overbought nor oversold. The STOCH value of 90.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:VIE.
Veolia Environnement Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | €1.33B | 6.86 | 11.12% | 1.90% | -7.47% | 63.02% | |
61 Neutral | €24.46B | 9.74 | 15.69% | 4.77% | -0.31% | 1.28% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €638.86M | 26.50 | 12.51% | 1.69% | 14.77% | 33.13% | |
50 Neutral | €16.64M | 4.82 | ― | ― | -7.99% | ― | |
42 Neutral | €11.82M | -0.45 | 22.45% | ― | 103.54% | -19.23% |
* General Sector Average
FR:VIE
Veolia Environnement
33.46
6.43
23.80%
FR:DBG
Derichebourg
8.39
3.48
70.91%
FR:SCHP
Seche Environnement
81.90
11.22
15.87%
FR:OREGE
Orege SA
0.23
-0.10
-29.09%
FR:ALTUV
Bio-UV Group SA
1.22
-0.40
-24.64%
FR:GPE
Groupe Pizzorno Environnement SA
60.60
1.13
1.90%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.