Veolia Environnement SA

DB:VVD Stock Report

Market Cap: €23.1b

Veolia Environnement Valuation

Is VVD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VVD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€97.22
Fair Value
67.6% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: VVD (€31.48) is trading below our estimate of fair value (€97.22)

Significantly Below Fair Value: VVD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VVD?

Key metric: As VVD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VVD. This is calculated by dividing VVD's market cap by their current earnings.
What is VVD's PE Ratio?
PE Ratio19.2x
Earnings€1.20b
Market Cap€23.05b

Price to Earnings Ratio vs Peers

How does VVD's PE Ratio compare to its peers?

The above table shows the PE ratio for VVD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
EOAN E.ON
8.7x-3.7%€39.3b
MNV6 Mainova
39.8xn/a€2.3b
MVV1 MVV Energie
12.6xn/a€2.0b
WWG Gelsenwasser
14.8xn/a€1.7b
VVD Veolia Environnement
19.2x10.8%€23.1b

Price-To-Earnings vs Peers: VVD is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does VVD's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
VVD 19.2xIndustry Avg. 19.1xNo. of Companies7PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VVD is expensive based on its Price-To-Earnings Ratio (19.2x) compared to the Global Integrated Utilities industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is VVD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VVD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.2x
Fair PE Ratio19.4x

Price-To-Earnings vs Fair Ratio: VVD is good value based on its Price-To-Earnings Ratio (19.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VVD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€31.48
€35.11
+11.5%
13.0%€45.30€25.00n/a18
Apr ’26€32.34
€36.04
+11.5%
9.8%€45.30€28.30n/a18
Mar ’26€28.71
€35.67
+24.2%
10.2%€45.30€28.30n/a17
Feb ’26€27.90
€35.45
+27.1%
10.1%€45.30€28.30n/a17
Jan ’26€26.80
€35.69
+33.2%
9.4%€45.30€29.90n/a17
Dec ’25€27.60
€35.31
+27.9%
10.4%€45.30€28.00n/a17
Nov ’25€29.35
€35.41
+20.6%
10.3%€45.30€28.00n/a17
Oct ’25€29.47
€34.99
+18.7%
11.0%€45.30€28.00n/a15
Sep ’25€29.98
€34.99
+16.7%
10.2%€43.40€28.00n/a15
Aug ’25€28.27
€34.99
+23.8%
10.5%€43.40€28.00n/a15
Jul ’25€28.85
€34.96
+21.2%
10.8%€43.40€28.00n/a14
Jun ’25€30.76
€34.45
+12.0%
12.1%€43.40€25.00n/a15
May ’25€29.29
€34.55
+17.9%
12.3%€43.40€25.00n/a15
Apr ’25€30.10
€33.89
+12.6%
13.1%€43.40€25.00€32.3415
Mar ’25€28.99
€33.97
+17.2%
13.4%€43.40€25.00€28.7115
Feb ’25€30.08
€33.61
+11.7%
13.7%€43.40€25.00€27.9014
Jan ’25€28.67
€32.70
+14.1%
14.7%€43.40€25.00€26.8014
Dec ’24€28.90
€32.55
+12.6%
15.2%€43.40€25.00€27.6013
Nov ’24€25.96
€32.42
+24.9%
14.8%€43.40€25.00€29.3513
Oct ’24€27.85
€32.90
+18.1%
14.1%€43.40€25.00€29.4713
Sep ’24€28.72
€33.55
+16.8%
14.3%€43.40€25.00€29.9813
Aug ’24€29.26
€33.58
+14.8%
14.1%€43.40€25.00€28.2713
Jul ’24€28.66
€33.58
+17.2%
14.1%€43.40€25.00€28.8513
Jun ’24€27.87
€33.23
+19.2%
14.3%€43.40€25.00€30.7614
May ’24€28.74
€32.88
+14.4%
14.6%€43.40€25.00€29.2914
Apr ’24€28.50
€31.77
+11.5%
18.4%€43.40€22.50€30.1014
AnalystConsensusTarget
Consensus Narrative from 18 Analysts
€35.02
Fair Value
10.1% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/27 17:39
End of Day Share Price 2025/04/25 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Veolia Environnement SA is covered by 44 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Louis BoujardBanco BPI, S.A.
Arnaud JoanBanco Santander
Julie AravBarclays