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Veolia Environnement
(VIE)
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Rating:55Neutral
Price Target:
€32.00
▼(-6.02% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by mixed financial performance: steady operating and free cash flow and improving profitability are offset by elevated leverage and a weaker equity position, along with reported metric inconsistencies. Technicals are a headwind in the near term (negative MACD, RSI below 50, price below key short-term averages), while valuation is supported by a relatively high dividend yield but moderated by a P/E around 20.5.
Positive Factors
Recurring contracted environmental services
Long-duration contracts across water, waste, and energy services provide recurring revenue and embed Veolia in essential customer operations. This contractual model can support business resilience, improve revenue visibility, and create durable customer relationships over multiple years.
Negative Factors
Elevated leverage and weaker equity
High leverage and a declining equity base increase financial risk and reduce balance-sheet flexibility. More debt can constrain capital allocation, amplify refinancing and interest burdens, and leave Veolia less able to absorb operational setbacks while continuing infrastructure investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring contracted environmental services
Long-duration contracts across water, waste, and energy services provide recurring revenue and embed Veolia in essential customer operations. This contractual model can support business resilience, improve revenue visibility, and create durable customer relationships over multiple years.
Read all positive factors
Veolia Environnement (VIE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€24.16B
Dividend Yield4.54%
Average Volume (3M)1.74M
Price to Earnings (P/E)19.6
Beta (1Y)0.86
Revenue Growth-0.13%
EPS Growth12.40%
CountryFR
Employees203,100
SectorGeneral
Sector StrengthN/A
IndustryWaste Management
Share Statistics
EPS (TTM)1.68
Shares Outstanding742,496,640
10 Day Avg. Volume1,839,143
30 Day Avg. Volume1,738,097
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
€40.00Price Target Upside17.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.4
Revenue Forecast (FY)€46.16B
Veolia Environnement Business Overview & Revenue Model
Company Description
Veolia Environnement S.A. operates internationally, delivering integrated solutions across water, waste, and energy management. The company's expertise in water services encompasses the entire cycle: from sourcing, producing, and distributing drin...
How the Company Makes Money
Veolia makes money primarily by delivering contracted environmental and utility services to public-sector clients (cities, regions, public utilities) and private-sector clients (industrial and commercial companies). Its revenue model is largely se...
Veolia Environnement Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
45
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.54B | 44.40B | 44.69B | 45.35B | 42.89B | 28.51B |
| Gross Profit | 7.88B | 7.82B | 7.71B | 7.45B | 7.11B | 4.58B |
| EBITDA | 6.31B | 6.14B | 5.75B | 5.48B | 5.10B | 3.23B |
| Net Income | 1.24B | 1.22B | 1.10B | 937.00M | 715.80M | 404.30M |
Balance Sheet | ||||||
| Total Assets | 74.64B | 70.67B | 72.96B | 72.57B | 73.30B | 53.08B |
| Cash, Cash Equivalents and Short-Term Investments | 7.29B | 9.56B | 11.76B | 10.79B | 10.86B | 11.96B |
| Total Debt | 37.52B | 33.35B | 19.96B | 31.98B | 21.88B | 12.97B |
| Total Liabilities | 64.89B | 61.24B | 57.65B | 57.86B | 58.44B | 40.31B |
| Stockholders Equity | 7.13B | 7.02B | 12.91B | 8.68B | 3.57B | 11.52B |
Cash Flow | ||||||
| Free Cash Flow | 1.42B | 1.46B | 2.07B | 1.86B | 1.36B | 1.42B |
| Operating Cash Flow | 4.43B | 4.52B | 5.04B | 5.00B | 4.15B | 3.15B |
| Investing Cash Flow | -5.50B | -3.40B | -2.12B | -2.12B | 4.52B | -850.60M |
| Financing Cash Flow | 1.04B | -2.62B | -1.86B | -3.14B | -10.17B | 2.29B |
Veolia Environnement Technical Analysis
Positive
34.05
Price Trends
31.89
Positive
33.84
Negative
33.29
Negative
Market Momentum
0.28
Negative
66.29
Neutral
88.10
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 34.05 is above the 20-day moving average (MA) of 31.90, above the 50-day MA of 31.89, and above the 200-day MA of 33.29, indicating a neutral trend. The MACD of 0.28 indicates Negative momentum. The RSI at 66.29 is Neutral, neither overbought nor oversold. The STOCH value of 88.10 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 |
|---|---|---|---|---|---|---|---|
57 Neutral | €1.26B | 9.55 | 11.53% | 1.64% | -2.88% | 24.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €24.16B | 19.65 | 17.55% | 4.54% | -0.13% | 12.40% | |
53 Neutral | €585.81M | 32.79 | 2.68% | 1.60% | 2.29% | -59.18% | |
53 Neutral | €10.91M | 82.47 | ― | 1.96% | -5.75% | -78.66% | |
42 Neutral | €14.85M | -1.18 | 19.27% | ― | 61.30% | -6.66% |
* General Sector Average
FR:VIE
Veolia Environnement
33.01
5.56
20.26%
FR:DBG
Derichebourg
7.93
2.09
35.93%
FR:SCHP
Seche Environnement
75.10
5.98
8.66%
FR:OREGE
Orege SA
0.29
<0.01
2.80%
FR:ALTUV
Bio-UV Group SA
0.80
-0.85
-51.46%
FR:GPE
Groupe Pizzorno Environnement SA
62.60
5.98
10.56%
Veolia Environnement Corporate Events
Veolia Wins €1 Billion Barcelona Water Contract, Deepening Expansion in Spain
Sep 30, 2026
Veolia has been selected as the winning bidder by the Metropolitan Council of Barcelona for a landmark €1 billion, 25‑year contract to manage drinking water services across eight municipalities, covering more than 230,000 residents in ...
Veolia Employees Boost Stake Through Record Sequoia 2026 Plan
Sep 16, 2026
Veolia has completed its Sequoia 2026 employee shareholding plan, open to roughly 183,000 staff in 56 countries, with more than 88,000 employees subscribing, a record participation rate above 48 percent. As a result, employees will reinforce their...
Veolia Environnement Details Share Capital and Voting Rights as of August 2026
Sep 7, 2026
Veolia Environnement reported that as of 31 August 2026 its share capital consists of 742,496,650 shares, corresponding to an equal number of theoretical voting rights. After excluding treasury shares, the group has 732,063,790 exercisable voting ...
Veolia Deepens Saudi Ties with Trio of Green Infrastructure Deals
Sep 1, 2026
Veolia has signed three strategic memorandums of understanding in Saudi Arabia with Acwa, Ma’aden and Khazeen to expand cooperation in water technologies and hazardous waste management. The deals target key Saudi Vision 2030 priorities, incl...
Veolia Raises €1.15 Billion in Oversubscribed Dual-Tranche Bond
Aug 26, 2026
Veolia Environnement has raised €1.15 billion in a two-tranche bond issue, comprising a 4-year €650 million note with a 3.678% coupon and an 8-year €500 million note with a 4.088% coupon. The offering drew more than 250 orders to...
Veolia Publishes Amendment to 2025 Universal Registration Document with Interim 2026 Results
Jul 30, 2026
Veolia Environnement has filed an amendment to its 2025 universal registration document with the French market regulator and made it publicly available as of July 30, 2026. The update incorporates the interim financial report for the first half of...
Veolia Wins €2 Billion Cúcuta Water Overhaul, Deepens Colombia Focus
Jul 30, 2026
Veolia Environnement has secured a long‑term contract with the municipality of Cúcuta in northeast Colombia to modernize drinking water and sanitation infrastructure starting in July 2026. The project aims to strengthen resilience of es...
Veolia lifts 2026 earnings guidance as strategic deals boost ecological services growth
Jul 30, 2026
Veolia Environnement reported another strong semester, with revenue edging up to €22.2 billion and EBITDA growing 5 percent, lifting the margin by 70 basis points to 16 percent and current net income by 10.4 percent. Management highlighted r...
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.