ENXTPA:VIE

Stock Analysis Report

Veolia Environnement

Executive Summary

Veolia Environnement S.A. designs and provides water, waste, and energy management solutions worldwide.

Snowflake

Fundamentals

Acceptable track record second-rate dividend payer.


Similar Companies

Share Price & News

How has Veolia Environnement's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

VIE

-0.2%

FR Integrated Utilities

-0.03%

FR Market


1 Year Return

35.4%

VIE

14.3%

FR Integrated Utilities

10.4%

FR Market

Return vs Industry: VIE exceeded the French Integrated Utilities industry which returned 14.3% over the past year.

Return vs Market: VIE exceeded the French Market which returned 10.4% over the past year.


Shareholder returns

VIEIndustryMarket
7 Day-1.5%-0.2%-0.03%
30 Day1.6%1.2%-0.8%
90 Day0.7%2.9%-0.8%
1 Year41.6%35.4%20.2%14.3%14.2%10.4%
3 Year31.8%15.4%25.0%5.5%42.3%28.5%
5 Year115.0%75.3%16.0%-10.9%72.6%46.3%

Price Volatility Vs. Market

How volatile is Veolia Environnement's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Veolia Environnement undervalued compared to its fair value and its price relative to the market?

30.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIE (€22.93) is trading below our estimate of fair value (€33.17)

Significantly Below Fair Value: VIE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: VIE is good value based on its PE Ratio (22.4x) compared to the Integrated Utilities industry average (22.4x).

PE vs Market: VIE is poor value based on its PE Ratio (22.4x) compared to the French market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: VIE is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: VIE is overvalued based on its PB Ratio (2.3x) compared to the XE Integrated Utilities industry average (1.8x).


Next Steps

Future Growth

How is Veolia Environnement forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIE's forecast earnings growth (7.1% per year) is above the savings rate (0.7%).

Earnings vs Market: VIE's earnings (7.1% per year) are forecast to grow slower than the French market (11.5% per year).

High Growth Earnings: VIE's earnings are forecast to grow, but not significantly.

Revenue vs Market: VIE's revenue (2.9% per year) is forecast to grow slower than the French market (4.4% per year).

High Growth Revenue: VIE's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VIE's Return on Equity is forecast to be low in 3 years time (13.4%).


Next Steps

Past Performance

How has Veolia Environnement performed over the past 5 years?

21.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VIE has become profitable over the past 5 years, growing earnings by 21.2% per year.

Accelerating Growth: VIE's earnings growth over the past year (41.8%) exceeds its 5-year average (21.2% per year).

Earnings vs Industry: VIE earnings growth over the past year (41.8%) exceeded the Integrated Utilities industry -2.8%.


Return on Equity

High ROE: VIE's Return on Equity (10.8%) is considered low.


Return on Assets

ROA vs Industry: VIE's Return on Assets is below or equal to the Integrated Utilities industry average last year.


Return on Capital Employed

ROCE Improving: VIE's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Veolia Environnement's financial position?


Financial Position Analysis

Short Term Liabilities: VIE's short term assets (€15.6B) do not cover its short term liabilities (€16.3B)

Long Term Liabilities: VIE's short term assets (15.6B) do not cover its long term liabilities (15.9B)


Debt to Equity History and Analysis

Debt Level: VIE's debt to equity ratio (220.1%) is considered high

Reducing Debt: VIE's debt to equity ratio has increased from 119.3% to 220.1% over the past 5 years.

Debt Coverage: VIE's debt is not well covered by operating cash flow (15.6%).

Interest Coverage: VIE's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet

Inventory Level: VIE has a high level of physical assets or inventory.

Debt Coverage by Assets: VIE's debt is covered by short term assets (assets are 1.045430x debt).


Next Steps

Dividend

What is Veolia Environnement's current dividend yield, its reliability and sustainability?

4.01%

Current Dividend Yield


Dividend Yield vs Market

company4.0%marketbottom25%1.5%markettop25%4.7%industryaverage4.7%forecastin3Years4.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VIE's dividend (4.01%) is higher than the bottom 25% of dividend payers in the French market (1.54%).

High Dividend: VIE's dividend (4.01%) is low compared to the top 25% of dividend payers in the French market (4.72%).

Stable Dividend: VIE's dividend payments have been volatile in the past 10 years.

Growing Dividend: VIE's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (89.7%), VIE's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VIE's dividends in 3 years are forecast to be covered by earnings (73.5% payout ratio).


Next Steps

Management

What is the CEO of Veolia Environnement's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Antoine Frérot (61yo)

9.9yrs

Tenure

€2,944,931

Compensation

Mr. Antoine Frérot serves as the Chairman and Chief Executive Officer at Veolia Komodity CR, s.r.o. Mr. Frérot serves as the Chairman and Chief Executive Officer of Veolia Environmental Services North Amer ...


CEO Compensation Analysis

Compensation vs. Market: Antoine's total compensation ($USD3.28M) is about average for companies of similar size in the French market ($USD3.54M).

Compensation vs Earnings: Antoine's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.8yrs

Average Tenure

54yo

Average Age

Experienced Management: VIE's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

7.1yrs

Average Tenure

63.5yo

Average Age

Experienced Board: VIE's board of directors are considered experienced (7.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Antoine Frérot (61yo)

    Chairman & CEO

    • Tenure: 9.9yrs
    • Compensation: €2.94m
  • Jean-Marie Lambert (62yo)

    Senior Executive Vice President of Human Resources

    • Tenure: 0yrs
  • Laurent Auguste (52yo)

    Senior Executive Vice President of Development

    • Tenure: 0yrs
  • Estelle Brachlianoff (47yo)

    Chief Operating Officer

    • Tenure: 1.1yrs
  • Claude Laruelle

    Chief Financial Officer

    • Tenure: 1yrs
  • Éric Haza

    Chief Legal Officer

    • Tenure: 0yrs
  • Laurent Obadia

    Senior VP of Communications and Advisor to the Chairman & CEO

    • Tenure: 1.8yrs
  • Jean-Baptiste Carpentier (54yo)

    Chief Compliance Officer

    • Tenure: 1.8yrs
  • Jean-Christophe Laissy

    Senior VP of Information Systems & Technology? and CIO

    • Tenure: 1.8yrs
  • Ronald Wasylec

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Louis Schweitzer (76yo)

    Vice Chairman

    • Tenure: 6.4yrs
    • Compensation: €122.88k
  • Antoine Frérot (61yo)

    Chairman & CEO

    • Tenure: 9.9yrs
    • Compensation: €2.94m
  • Paolo Scaroni (73yo)

    Director

    • Tenure: 12.8yrs
    • Compensation: €48.40k
  • Isabelle Courville (56yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: €69.71k
  • Jacques Aschenbroich (65yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: €68.24k
  • Maryse Aulagnon (70yo)

    Senior Independent Director

    • Tenure: 1.9yrs
    • Compensation: €104.52k
  • Nathalie Rachou (62yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: €97.45k
  • Olivier Mareuse (56yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: €37.00k
  • Marion Guillou (65yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: €55.80k
  • Pavel Páša (54yo)

    Representative Director

    • Tenure: 5yrs
    • Compensation: €48.40k

Company Information

Veolia Environnement S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Veolia Environnement S.A.
  • Ticker: VIE
  • Exchange: ENXTPA
  • Founded: 1853
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Market Cap: €12.687b
  • Shares outstanding: 553.29m
  • Website: https://www.veolia.com/fr

Number of Employees


Location

  • Veolia Environnement S.A.
  • 30, rue Madeleine-Vionnet
  • Aubervilliers
  • Ile-de-France
  • 93300
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VIEPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2000
VIE NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJul 2000
VIEENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2000
VVDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2000
0NY8LSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2000
VIESWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJul 2000
VEOE.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2000
VIEWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 2000
VVDXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJul 2000
VVDHBST (Boerse-Stuttgart)ADR EACH REP ONE ORD EUR13.5(SPON)DEEUROct 2001
VVDHDB (Deutsche Boerse AG)ADR EACH REP ONE ORD EUR13.5(SPON)DEEUROct 2001
VEOE.YOTCPK (Pink Sheets LLC)ADR EACH REP ONE ORD EUR13.5(SPON)USUSDOct 2001
A1HEWBBST (Boerse-Stuttgart)4.45%-VAR SUB NTS PERP EUR1000DEEURJan 2013

Biography

Veolia Environnement S.A. designs and provides water, waste, and energy management solutions worldwide. The company is involved in the resource management, production, and delivery of drinking water and in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:40
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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 here.