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Veolia Environnement
(VIE)
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Rating:55Neutral
Price Target:
€36.00
▲(5.73% Upside)
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 long‑term contracts
Veolia's core model relies on long-duration municipal and industrial contracts that create predictable, recurring revenue streams. This contractual visibility supports near- and medium-term cash flow planning, underpins reinvestment and maintenance of infrastructure, and reduces volatility around core service demand.
Negative Factors
Elevated leverage
A high and rising debt load relative to a weakening equity base increases financial risk and reduces flexibility. Elevated leverage raises interest and refinancing exposure, constrains strategic spending, and makes the company more sensitive to cash flow shocks, limiting capacity to pursue growth or absorb cost inflation.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring long‑term contracts
Veolia's core model relies on long-duration municipal and industrial contracts that create predictable, recurring revenue streams. This contractual visibility supports near- and medium-term cash flow planning, underpins reinvestment and maintenance of infrastructure, and reduces volatility around core service demand.
Read all positive factors
Veolia Environnement (VIE) vs. iShares MSCI France ETF (EWQ)
Market Cap
€23.38B
Dividend Yield4.75%
Average Volume (3M)1.49M
Price to Earnings (P/E)18.8
Beta (1Y)0.84
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. Volume1,532,263
30 Day Avg. Volume1,487,933
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
€39.50Price Target Upside16.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)2.37
Revenue Forecast (FY)€46.24B
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 contracting with public-sector entities (cities, regions, public utilities) and private-sector customers (industrial and commercial sites) to provide essential environmental services, typically under multi-year agre...
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 | 5.93B | 5.53B | 5.00B | 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
Negative
34.05
Price Trends
34.92
Negative
34.89
Negative
32.68
Negative
Market Momentum
-0.89
Positive
24.29
Positive
10.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:VIE, the sentiment is Negative. The current price of 34.05 is above the 20-day moving average (MA) of 33.10, below the 50-day MA of 34.92, and above the 200-day MA of 32.68, indicating a bearish trend. The MACD of -0.89 indicates Positive momentum. The RSI at 24.29 is Positive, neither overbought nor oversold. The STOCH value of 10.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
60 Neutral | €18.14M | 22.16 | ― | 1.96% | -9.27% | 1858.06% | |
57 Neutral | €1.46B | 11.37 | 11.53% | 1.38% | -2.88% | 24.77% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €23.38B | 18.79 | 17.55% | 4.75% | -0.13% | 12.40% | |
53 Neutral | €615.46M | 28.63 | 4.19% | 1.51% | 5.24% | -39.46% | |
42 Neutral | €14.14M | -0.95 | 24.22% | ― | -1.54% | -68.96% |
* General Sector Average
FR:VIE
Veolia Environnement
31.56
3.77
13.59%
FR:DBG
Derichebourg
9.44
4.44
88.96%
FR:SCHP
Seche Environnement
79.30
-11.38
-12.55%
FR:OREGE
Orege SA
0.27
-0.08
-22.45%
FR:ALTUV
Bio-UV Group SA
1.31
-0.39
-22.96%
FR:GPE
Groupe Pizzorno Environnement SA
62.30
6.81
12.27%
Veolia Environnement Corporate Events
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.