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⚠️ Not investment advice. Past performance does not guarantee future results.
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Veolia Environnement VIE.PA

France Industrials
5.3/10
AI Analyst score
31.39 EUR
Last price at analysis date · analyst target 39.56 (+26.0%)
🛒 Where to buy VIE.PAPartner brokers · France (Euronext) · sample 200.00 € orderFrance (Euronext)
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🟡 HOLD — Hold; the cheap valuation and high dividend offset the leverage, but balance sheet weakness and the rising rate environment limit upside.

Veolia Environnement is a French multinational providing water, waste, and energy services, based on long-term contracts with municipalities and industries. Veolia shows weak financial health (ND/EBITDA of 4.21, liquidity of 0.82) which the ECB's rate hikes aggravate, but its valuation is attractive (forward P/E 12.0, FCF yield 9.47%) and its net dividend of 4.78% offers yield. Growth is moderate (revenue +0.7%, profit +5.6%).

Financial health
2.7
Quality / Moat
4.2
Valuation
7.4
Growth
4.9
Dividend
6.6
Momentum
7.1
Risk & Context
5.2

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E18.25
Fwd P/E12.00
EV/EBITDA8.64
P/B2.34
P/S0.52
PEG0.96
Market cap23.29 B EUR
Enterprise value49.84 B EUR
🏰 Quality and moat
ROIC (approx.)8.1%
Gross margin17.86%
FCF conversion38%
Operating margin7.95%
📈 Profitability and margins
ROE13.43%
ROA3.05%
Net margin2.79%
FCF2.21 B EUR
FCF yield9.47%
🏦 Solvency and liquidity
Total debt33.78 B EUR
Net debt24.27 B EUR
Cash9.51 B EUR
EBITDA5.77 B EUR
Net debt / EBITDA4.21
D/E250.26
Current ratio0.82
Quick ratio0.75
🚀 Growth
Revenue growth0.70%
Earnings growth5.60%
EPS (TTM)1.72 EUR
EPS (Fwd)2.62 EUR
💰 Dividend and risk
Dividend yield4.78%
Payout87.2%
Beta0.99
Analyst consensusnone (17)
Target price39.56 EUR
52-week range27.69 EUR – 37.66 EUR
⚠️ Main risk: High leverage (ND/EBITDA of 4.21) combined with the ECB's rate hike cycle makes refinancing its debt more expensive and pressures its financial health.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Veolia Environnement is a French multinational providing water, waste, and energy services, based on long-term contracts with municipalities and industries. Veolia shows weak financial health (ND/EBITDA of 4.21, liquidity of 0.82) which the ECB's rate hikes aggravate, but its valuation is attractive (forward P/E 12.0, FCF yield 9.47%) and its net dividend of 4.78% offers yield. Growth is moderate (revenue +0.7%, profit +5.6%).

Score by category

CategoryScore
Financial health2.7
Quality / Moat4.2
Valuation7.4
Growth4.9
Dividend6.6
Momentum7.1
Risk & Context5.2

OVERALL SCORE: 5.3/10

Context and risks

Regulatory and governance risk in France, with a -1.1 penalty on the base risk. Additionally, the ECB's rate hikes make refinancing its debt more expensive, with ND/EBITDA of 4.21 and a liquidity ratio of 0.82, adding pressure on its financial health.

News considered in the analysis

  • Veolia Environnement (ENXTPA:VIE), What Is Drawing Fresh Attention Now? — Artículo genérico de análisis sin información nueva material.
  • Veolia Environnement SA (VEOEF) (H1 2026) Earnings Call Highlights: Strong Net Income Growth ... — Resultados semestrales con fuerte crecimiento del beneficio neto, ya publicados y parcialmente reflejados en el precio.
  • This French Water Company Doesn’t Make Bottled Water. It’s Bigger Than That. — Artículo divulgativo sobre el modelo de negocio, sin información nueva.
  • VEOEY or WM: Which Is the Better Value Stock Right Now? — Comparativa genérica de valoración entre dos empresas, sin información nueva.
  • VEOEY vs. WM: Which Stock Is the Better Value Option? — Listículo de comparación, sin información nueva.

Verdict: Hold; the cheap valuation and high dividend offset the leverage, but balance sheet weakness and the rising rate environment limit upside.

Main risk: High leverage (ND/EBITDA of 4.21) combined with the ECB's rate hike cycle makes refinancing its debt more expensive and pressures its financial health.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.