Veolia Environnement SA

ENXTPA:VIE Stock Report

Market Cap: €25.4b

Veolia Environnement Future Growth

Future criteria checks 1/6

Veolia Environnement is forecast to grow earnings and revenue by 10.3% and 3.5% per annum respectively. EPS is expected to grow by 10.3% per annum. Return on equity is forecast to be 15.9% in 3 years.

Key information

10.3%

Earnings growth rate

10.32%

EPS growth rate

Integrated Utilities earnings growth10.1%
Revenue growth rate3.5%
Future return on equity15.86%
Analyst coverage

Good

Last updated04 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 02

VIE: Hazardous Waste Expansion And Contracts Will Support Future Upside

Narrative Update Analysts have nudged Veolia Environnement's implied fair value slightly higher to €44.29, supported by a series of recent price target increases from several banks that outweigh a modest cut from one firm and are underpinned by updated assumptions on revenue growth, margins and future P/E. Analyst Commentary Recent Street research on Veolia Environnement has tilted positive, with several bullish analysts lifting their price targets and only a small downward adjustment from one firm.
Narrative Update • Apr 30

VIE: Global Water And Waste Contracts Will Support Future Upside

Analysts have nudged the fair value estimate for Veolia Environnement slightly higher to €44.28, reflecting modestly stronger assumptions for revenue and profit margin, along with a recalibration of future P/E expectations following a series of recent price target adjustments across major banks. Analyst Commentary Recent Street research shows a cluster of price target revisions around Veolia Environnement, which feeds directly into how some analysts are framing the risk or reward profile at the current fair value estimate of €44.28.
Narrative Update • Apr 16

VIE: Coal Exit And Global Water Contracts Will Support Future Upside

Veolia Environnement's analyst fair value estimate has been revised slightly higher to €44.24 per share, reflecting recent price target adjustments from several firms, where some analysts have raised their targets by €3 to €3.50 while others have trimmed them by €0.40. Analyst Commentary Bullish analysts have lifted their price targets for Veolia Environnement in several recent updates, which feeds into the higher fair value estimate of €44.24 per share.
Narrative Update • Apr 01

VIE: Coal Exit And Global Water Contracts Will Drive Long-Term Upside

Analysts have lifted the blended price target for Veolia Environnement by about €0.17, citing updates to their models that reflect revised assumptions for revenue growth, profit margin and P/E. Analyst Commentary Recent Street research points to a constructive tone around Veolia Environnement, with bullish analysts adjusting their models and targets to reflect updated assumptions on revenue, margins and valuation multiples.
Narrative Update • Mar 18

VIE: Wastewater Reuse And Low Carbon Heating Will Support Balanced Outlook

Analysts have nudged their fair value estimate for Veolia Environnement to €36.71 from €36.22, reflecting updated assumptions on growth, profitability and P/E that align with a recent move in Street price targets, such as the lift to €35 at Deutsche Bank. Analyst Commentary Recent research feedback, including the lift in one major price target to €35, gives a useful snapshot of how the market is thinking about Veolia Environnement’s execution and valuation right now.
Narrative Update • Mar 04

VIE: UK And India Contracts Will Support Balanced Long Term Outlook

Analysts have raised their price target on Veolia Environnement from €27.77 to €32.50, citing updated assumptions for slightly higher revenue growth, a modest improvement in profit margins and a higher future P/E multiple. What's in the News Veolia secured over £1b of new and extended local authority contracts in the UK for 2025, covering waste management, recycling and street cleansing for councils serving more than 1.5 million residents, alongside over £25 million of social value initiatives in 2025 (Key Developments).
Narrative Update • Feb 18

VIE: Wastewater Reuse And Low Carbon Heating Will Support Steady Outlook

Analysts have nudged their price target for Veolia Environnement to €36.22 from €35.71, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that slightly adjust their view of the company’s long term valuation profile. What's in the News Pacifico Mexinol completed an extensive water quality monitoring and baseline data study that will inform the final design of a wastewater reuse project being designed by Veolia for a methanol plant in Topolobampo, Mexico (Key Developments).
Narrative Update • Feb 04

VIE: Wastewater Reuse And District Heating Projects Will Drive Long-Term Upside

Analysts have raised their price target for Veolia Environnement by about €0.61 to reflect updated views on fair value, discount rate assumptions, revenue growth, profit margins and future P/E expectations. What's in the News Pacifico Mexinol completed an extensive water quality monitoring program in Los Mochis, which will feed into the final design of a wastewater reuse project.
Narrative Update • Jan 21

VIE: Decarbonization And Water Reuse Projects Will Support Balanced Future Outlook

Analysts have trimmed their fair value estimate for Veolia Environnement from €27.99 to €27.77, reflecting slightly higher discount rate assumptions and modest tweaks to long term growth, margin and future P/E inputs. What's in the News Pacifico Mexinol completed an extensive water quality monitoring study for wastewater from Los Mochis, supporting the final design of a wastewater reuse project that Veolia is designing and will equip, commission, start up and operate under a 2024 memorandum of understanding for a methanol plant in Topolobampo (Key Developments).
Analysis Article • Jan 08

Investors Appear Satisfied With Veolia Environnement SA's (EPA:VIE) Prospects

There wouldn't be many who think Veolia Environnement SA's ( EPA:VIE ) price-to-earnings (or "P/E") ratio of 18.4x is...
Narrative Update • Jan 06

VIE: Future Wastewater Reuse And Desalination Contracts Will Support Long-Term Upside

Analysts have trimmed their fair value estimate for Veolia Environnement from €44.06 to €42.98, citing updated assumptions that include a slightly higher discount rate, a modestly higher revenue growth outlook, a slightly lower profit margin and a marginally higher future P/E. What's in the News Pacifico Mexinol completed an extensive water quality study supporting a wastewater reuse project that Veolia is designing in Topolobampo, under a 2024 MOU that covers design, equipment supply, commissioning, startup and ongoing operation of the water treatment plant (Key Developments).
Analysis Article • Dec 21

Is There Now An Opportunity In Veolia Environnement SA (EPA:VIE)?

Veolia Environnement SA ( EPA:VIE ) saw its share price hover around a small range of €28.40 to €29.97 over the last...
Narrative Update • Dec 14

VIE: Decarbonization Projects And Margin Gains Will Support Balanced Future Outlook

Analysts have modestly raised their price target on Veolia Environnement, reflecting a move in fair value from approximately €25.96 to €27.99. They cite expectations of slightly stronger profit margins and a higher future earnings multiple, despite a more conservative revenue growth outlook and updated discount rate assumptions.
Narrative Update • Nov 25

VIE: New Contracts and Renewables Will Drive Earnings Progression Ahead

Analysts have slightly increased their price target for Veolia Environnement from €34.87 to €35.71. They cite modest improvements in profit margin expectations and stable valuation metrics, even though there has been a marginal dip in revenue growth projections.
Narrative Update • Nov 10

VIE: Earnings Resilience Will Drive Moderate Upside Despite Fewer Near-Term Catalysts

Veolia Environnement's analyst price target has been revised downward from €35.07 to €34.87, as analysts cite limited near-term catalysts for earnings upgrades. This comes despite ongoing earnings resilience.
Analysis Article • Aug 22

When Should You Buy Veolia Environnement SA (EPA:VIE)?

Veolia Environnement SA ( EPA:VIE ) maintained its current share price over the past couple of month on the ENXTPA...
Analysis Article • Aug 02

Veolia Environnement (EPA:VIE) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jun 26

Pinning Down Veolia Environnement SA's (EPA:VIE) P/E Is Difficult Right Now

Veolia Environnement SA's ( EPA:VIE ) price-to-earnings (or "P/E") ratio of 18.2x might make it look like a sell right...
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New Narrative • Nov 07

Accelerated Growth In Water Technologies Set To Boost Revenue And Enhance Earnings

Veolia's GreenUp plan and strategic capital allocations aim to enhance growth in water technologies and boost EBITDA margins through selective investments.

Earnings and Revenue Growth Forecasts

ENXTPA:VIE - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202849,4901,7691,7816,1569
12/31/202747,8621,6031,5305,8369
12/31/202645,9711,4503895,0439
12/31/202544,3961,2462,0975,153N/A
6/30/202544,5991,2091,9904,928N/A
3/31/202544,6461,2052,0324,983N/A
12/31/202444,6921,1432,0735,038N/A
9/30/202444,7151,1151,9284,970N/A
6/30/202444,7371,0861,7824,902N/A
3/31/202445,0441,0241,8244,954N/A
12/31/202345,3519611,8655,005N/A
9/30/202345,3981,0241,8154,849N/A
6/30/202345,4441,0861,7644,693N/A
3/31/202344,1659401,5644,420N/A
12/31/202242,8857941,3644,148N/A
9/30/202239,691253N/AN/AN/A
6/30/202235,0593378493,153N/A
3/31/202231,799335N/AN/AN/A
12/31/202128,5084041,4183,147N/A
9/30/202127,662650N/AN/AN/A
6/30/202127,2435421,7293,355N/A
3/31/202126,142176N/AN/AN/A
12/31/202026,0101091,1162,725N/A
9/30/202026,130394N/AN/AN/A
6/30/202026,2772551,3622,969N/A
3/31/202027,079643N/AN/AN/A
12/31/201927,1897311,4123,088N/A
9/30/201926,887457N/AN/AN/A
6/30/201926,687564N/A2,785N/A
3/31/201926,258437N/AN/AN/A
12/31/201825,951421N/A2,840N/A
9/30/201825,104551N/AN/AN/A
6/30/201825,220400N/A2,581N/A
3/31/201825,370453N/AN/AN/A
12/31/201724,818311N/A2,452N/A
9/30/201724,678302N/A2,477N/A
6/30/201724,538292N/A2,502N/A
3/31/201724,363316N/A2,529N/A
12/31/201624,187340N/A2,556N/A
9/30/201624,335295N/A2,513N/A
6/30/201624,482250N/A2,470N/A
3/31/201624,724308N/A2,467N/A
12/31/201524,965366N/A2,464N/A
9/30/201524,840378N/A2,321N/A
6/30/201524,715391N/A2,178N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIE's forecast earnings growth (10.3% per year) is above the savings rate (2.5%).

Earnings vs Market: VIE's earnings (10.3% per year) are forecast to grow slower than the French market (12.4% per year).

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

Revenue vs Market: VIE's revenue (3.5% per year) is forecast to grow slower than the French market (5.7% per year).

High Growth Revenue: VIE's revenue (3.5% 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 (15.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 22:54
End of Day Share Price 2026/06/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

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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 32 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Arnaud JoanBanco Santander
Julie AravBarclays
Peter CramptonBarclays