(VIE) Veolia Environnement VE - Overview
Sector: Industrials | Industry: Waste Management | Exchange: PA (France) | Market Cap: 25.401m EUR | Total Return: 20.4% in 12m
Avg Turnover: 53.6M
Warnings
Altman Z'' -0.40 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Veolia Environnement SA is a global provider of environmental management services, organized into segments covering water, waste, and energy. Founded in 1853 and headquartered in France, the company operates across Europe, the Americas, Asia-Pacific, and the Middle East. Its core activities include the production and distribution of drinking water, wastewater treatment, waste collection and recycling, and the operation of heating and cooling networks. The firm serves a diverse client base comprising public authorities, industrial corporations, and private individuals.
The company operates within the multi-utilities sector, a capital-intensive industry characterized by long-term service contracts and high barriers to entry due to the required physical infrastructure. Veolia’s business model increasingly focuses on the circular economy, which involves recovering energy and raw materials from waste streams to generate secondary revenue sources. This strategy aims to decouple economic growth from resource consumption while meeting tightening environmental regulations.
Investors can further examine the companys financial health and valuation metrics on ValueRay. Given its global footprint, Veolia is heavily influenced by municipal infrastructure spending and industrial demand for decarbonization services. The integration of advanced monitoring platforms, such as Hubgrade, reflects a broader sector shift toward digital energy management and automated efficiency tracking.
- Synergies from Suez acquisition integration drive operational margin expansion
- Rising energy prices boost revenue from waste-to-energy and district heating
- Stricter European environmental regulations increase demand for hazardous waste treatment
- High interest rates elevate financing costs for capital-intensive infrastructure projects
- Expansion in North American and Asian markets offsets stagnant European growth
| Net Income: 1.22b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.77 > 1.0 |
| NWC/Revenue: -9.40% < 20% (prev -6.40%; Δ -3.00% < -1%) |
| CFO/TA 0.06 > 3% & CFO 4.52b > Net Income 1.22b |
| Net Debt (29.4b) to EBITDA (6.87b): 4.28 < 3 |
| Current Ratio: 0.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (733.8m) vs 12m ago -0.92% < -2% |
| Gross Margin: 17.62% > 18% (prev 0.17%; Δ 1.74k% > 0.5%) |
| Asset Turnover: 61.82% > 50% (prev 61.26%; Δ 0.56% > 0%) |
| Interest Coverage Ratio: 5.40 > 6 (EBITDA TTM 6.87b / Interest Expense TTM 692.0m) |
| A: -0.06 (Total Current Assets 25.9b - Total Current Liabilities 30.0b) / Total Assets 70.7b |
| B: -0.07 (Retained Earnings -5.04b / Total Assets 70.7b) |
| C: 0.05 (EBIT TTM 3.74b / Avg Total Assets 71.8b) |
| D: -0.12 (Book Value of Equity -7.48b / Total Liabilities 61.2b) |
| Altman-Z'' = -0.40 = B |
| DSRI: 1.13 (Receivables 14.1b/12.6b, Revenue 44.4b/44.7b) |
| GMI: 0.98 (GM 17.62% / 17.32%) |
| AQI: 1.00 (AQ_t 0.35 / AQ_t-1 0.35) |
| SGI: 0.99 (Revenue 44.4b / 44.7b) |
| TATA: -0.05 (NI 1.22b - CFO 4.52b) / TA 70.7b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of May 28, 2026, the stock is trading at EUR 34.92 with a total of 1,287,064 shares traded.
Over the past week, the price has changed by +1.01%,
over one month by +2.52%,
over three months by +1.35% and
over the past year by +20.40%.
Veolia Environnement VE has no consensus analysts rating.
P/E Trailing = 20.4059
P/E Forward = 14.4509
P/S = 0.5721
P/B = 2.34
P/EG = 1.1848
Revenue TTM = 44.4b EUR
EBIT TTM = 3.74b EUR
EBITDA TTM = 6.87b EUR
Long Term Debt = 16.5b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.13b EUR (from shortTermDebt, last quarter)
Debt = 35.3b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.98b
Net Debt = 29.4b EUR (calculated: Debt 35.3b - CCE 5.91b)
Enterprise Value = 54.8b EUR (25.4b + Debt 35.3b - CCE 5.91b)
Interest Coverage Ratio = 5.40 (Ebit TTM 3.74b / Interest Expense TTM 692.0m)
EV/FCF = 37.50x (Enterprise Value 54.8b / FCF TTM 1.46b)
FCF Yield = 2.67% (FCF TTM 1.46b / Enterprise Value 54.8b)
FCF Margin = 3.29% (FCF TTM 1.46b / Revenue TTM 44.4b)
Net Margin = 2.74% (Net Income TTM 1.22b / Revenue TTM 44.4b)
Gross Margin = 17.62% ((Revenue TTM 44.4b - Cost of Revenue TTM 36.6b) / Revenue TTM)
Gross Margin QoQ = 17.73% (prev none%)
Tobins Q-Ratio = 0.78 (Enterprise Value 54.8b / Total Assets 70.7b)
Interest Expense / Debt = 1.96% (Interest Expense 692.0m / Debt 35.3b)
Taxrate = 24.89% (280.0m / 1.12b)
NOPAT = 2.81b (EBIT 3.74b * (1 - 24.89%))
Current Ratio = 0.86 (Total Current Assets 25.9b / Total Current Liabilities 30.0b)
Debt / Equity = 5.03 (Debt 35.3b / totalStockholderEquity, last quarter 7.02b)
Debt / EBITDA = 4.28 (Net Debt 29.4b / EBITDA 6.87b)
Debt / FCF = 20.12 (Net Debt 29.4b / FCF TTM 1.46b)
Total Stockholder Equity = 10.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.69% (Net Income 1.22b / Total Assets 70.7b)
RoE = 7.77% (Net Income TTM 1.22b / Total Stockholder Equity 15.7b)
RoCE = 11.61% (EBIT 3.74b / Capital Employed (Equity 15.7b + L.T.Debt 16.5b))
RoIC = 6.57% (NOPAT 2.81b / Invested Capital 42.7b)
WACC = 3.60% (E(25.4b)/V(60.7b) * Re(6.56%) + D(35.3b)/V(60.7b) * Rd(1.96%) * (1-Tc(0.25)))
Discount Rate = 6.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 30.27 | Cagr: 2.95%
[DCF] Terminal Value 73.10% ; FCFF base≈1.71b ; Y1≈1.50b ; Y5≈1.21b
[DCF] Fair Price = N/A (negative equity: EV 19.4b - Net Debt 29.4b = -10.0b; debt exceeds intrinsic value)
EPS Correlation: 76.08 | EPS CAGR: 13.58% | SUE: N/A | # QB: 0
Revenue Correlation: -94.63 | Revenue CAGR: -0.95% | SUE: N/A | # QB: 0