(VIE) Veolia Environnement VE - Overview
Stock: Water, Waste, Energy
Dividends
| Dividend Yield | 4.61% |
| Yield on Cost 5y | 7.84% |
| Yield CAGR 5y | 18.92% |
| Payout Consistency | 94.9% |
| Payout Ratio | 90.9% |
| Risk 5d forecast | |
|---|---|
| Volatility | 17.5% |
| Relative Tail Risk | 2.78% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.03 |
| Alpha | 17.28 |
| Character TTM | |
|---|---|
| Beta | 0.093 |
| Beta Downside | 0.117 |
| Drawdowns 3y | |
|---|---|
| Max DD | 16.28% |
| CAGR/Max DD | 0.58 |
Description: VIE Veolia Environnement VE December 19, 2025
Veolia Environnement SA (ticker VIE) is a French multi-utility leader that designs, builds and operates integrated water, waste and energy management solutions for industrial clients, public authorities and residential customers.
The business is organized into five operating segments – France & Special Waste Europe; Europe (ex-France); Rest of the World; Water Technologies; and Other – covering the full value chain from water production, treatment and distribution to wastewater collection, recycling and waste-to-energy conversion, as well as heating-cooling networks and energy-efficiency services such as the Hubgrade platform.
Key recent metrics (FY 2023) include €81.5 billion of revenue, an adjusted EBITDA margin of roughly 15 % and €5.2 billion of capital expenditures, reflecting strong demand for ESG-linked infrastructure and rising regulatory pressure on water and waste treatment across Europe and emerging markets.
Founded in 1853 (originally Vivendi Environnement) and rebranded to Veolia in 2003, the group leverages a legacy of engineering expertise to capture secular growth drivers such as urbanisation, climate-change mitigation policies and the shift toward circular-economy business models.
For a deeper, data-driven assessment of Veolia’s valuation and risk profile, you may find the analytics on ValueRay worth a quick look.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 2.08b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.72 > 1.0 |
| NWC/Revenue: -4.32% < 20% (prev -4.67%; Δ 0.34% < -1%) |
| CFO/TA 0.09 > 3% & CFO 6.38b > Net Income 2.08b |
| Net Debt (22.75b) to EBITDA (10.30b): 2.21 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (734.0m) vs 12m ago -0.01% < -2% |
| Gross Margin: 17.39% > 18% (prev 0.20%; Δ 1719 % > 0.5%) |
| Asset Turnover: 110.0% > 50% (prev 62.50%; Δ 47.46% > 0%) |
| Interest Coverage Ratio: 4.21 > 6 (EBITDA TTM 10.30b / Interest Expense TTM 1.22b) |
Altman Z'' -0.17
| A: -0.05 (Total Current Assets 25.15b - Total Current Liabilities 28.51b) / Total Assets 68.97b |
| B: -0.08 (Retained Earnings -5.45b / Total Assets 68.97b) |
| C: 0.07 (EBIT TTM 5.14b / Avg Total Assets 70.77b) |
| D: -0.08 (Book Value of Equity -4.49b / Total Liabilities 56.25b) |
| Altman-Z'' Score: -0.17 = B |
Beneish M -2.84
| DSRI: 0.54 (Receivables 13.50b/14.70b, Revenue 77.81b/45.35b) |
| GMI: 1.13 (GM 17.39% / 19.62%) |
| AQI: 1.00 (AQ_t 0.35 / AQ_t-1 0.35) |
| SGI: 1.72 (Revenue 77.81b / 45.35b) |
| TATA: -0.06 (NI 2.08b - CFO 6.38b) / TA 68.97b) |
| Beneish M-Score: -2.84 (Cap -4..+1) = A |
What is the price of VIE shares?
Over the past week, the price has changed by +1.23%, over one month by +6.95%, over three months by +8.80% and over the past year by +20.64%.
Is VIE a buy, sell or hold?
What are the forecasts/targets for the VIE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 34.8 | 8.8% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 35.8 | 11.6% |
VIE Fundamental Data Overview February 03, 2026
P/E Trailing = 19.2338
P/E Forward = 12.8866
P/S = 0.5186
P/B = 2.201
P/EG = 0.9909
Revenue TTM = 77.81b EUR
EBIT TTM = 5.14b EUR
EBITDA TTM = 10.30b EUR
Long Term Debt = 17.17b EUR (from longTermDebt, last quarter)
Short Term Debt = 9.27b EUR (from shortTermDebt, last quarter)
Debt = 30.08b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 22.75b EUR (from netDebt column, last quarter)
Enterprise Value = 42.28b EUR (21.66b + Debt 30.08b - CCE 9.46b)
Interest Coverage Ratio = 4.21 (Ebit TTM 5.14b / Interest Expense TTM 1.22b)
EV/FCF = 18.81x (Enterprise Value 42.28b / FCF TTM 2.25b)
FCF Yield = 5.32% (FCF TTM 2.25b / Enterprise Value 42.28b)
FCF Margin = 2.89% (FCF TTM 2.25b / Revenue TTM 77.81b)
Net Margin = 2.67% (Net Income TTM 2.08b / Revenue TTM 77.81b)
Gross Margin = 17.39% ((Revenue TTM 77.81b - Cost of Revenue TTM 64.28b) / Revenue TTM)
Gross Margin QoQ = 17.63% (prev 17.47%)
Tobins Q-Ratio = 0.61 (Enterprise Value 42.28b / Total Assets 68.97b)
Interest Expense / Debt = 1.50% (Interest Expense 450.0m / Debt 30.08b)
Taxrate = 25.60% (307.0m / 1.20b)
NOPAT = 3.82b (EBIT 5.14b * (1 - 25.60%))
Current Ratio = 0.88 (Total Current Assets 25.15b / Total Current Liabilities 28.51b)
Debt / Equity = 2.87 (Debt 30.08b / totalStockholderEquity, last quarter 10.49b)
Debt / EBITDA = 2.21 (Net Debt 22.75b / EBITDA 10.30b)
Debt / FCF = 10.12 (Net Debt 22.75b / FCF TTM 2.25b)
Total Stockholder Equity = 11.87b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.94% (Net Income 2.08b / Total Assets 68.97b)
RoE = 17.53% (Net Income TTM 2.08b / Total Stockholder Equity 11.87b)
RoCE = 17.69% (EBIT 5.14b / Capital Employed (Equity 11.87b + L.T.Debt 17.17b))
RoIC = 12.79% (NOPAT 3.82b / Invested Capital 29.89b)
WACC = 3.27% (E(21.66b)/V(51.74b) * Re(6.26%) + D(30.08b)/V(51.74b) * Rd(1.50%) * (1-Tc(0.26)))
Discount Rate = 6.26% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.01%
[DCF Debug] Terminal Value 88.23% ; FCFF base≈2.09b ; Y1≈2.51b ; Y5≈4.06b
Fair Price DCF = 131.0 (EV 118.51b - Net Debt 22.75b = Equity 95.76b / Shares 731.2m; r=5.90% [WACC]; 5y FCF grow 21.94% → 2.90% )
EPS Correlation: 50.07 | EPS CAGR: 1.63% | SUE: -0.13 | # QB: 0
Revenue Correlation: 39.41 | Revenue CAGR: 23.77% | SUE: 1.01 | # QB: 1
EPS next Year (2026-12-31): EPS=2.41 | Chg30d=-0.017 | Revisions Net=-1 | Growth EPS=+8.9% | Growth Revenue=+4.7%