Veolia Environnement SA

BATS-CHIXE:VIEP Stock Report

Market Cap: €21.3b

Veolia Environnement Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 VIEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€59.6
Fair Value
51.5% undervalued intrinsic discount
18
Number of Analysts

Below Fair Value: VIEP (€28.92) is trading below our estimate of fair value (€59.6)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VIEP. This is calculated by dividing VIEP's market cap by their current earnings.
What is VIEP's PE Ratio?
PE Ratio17.6x
Earnings€1.21b
Market Cap€21.26b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VIEP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.5x
NG. National Grid
20.2x11.50%UK£58.0b
TEP Telecom Plus
18x8.61%UK£1.4b
SSE SSE
27.9x19.28%UK£26.7b
SVT Severn Trent
36x20.54%UK£8.3b
VIEP Veolia Environnement
17.6x11.58%€21.3b

Price-To-Earnings vs Peers: VIEP is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VIEP is good value based on its Price-To-Earnings Ratio (17.6x) compared to the Global Integrated Utilities industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is VIEP'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.

VIEP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio21.5x

Price-To-Earnings vs Fair Ratio: VIEP is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (21.5x).

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 VIEP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€28.92
€34.84
+20.49%
12.85%€45.30€25.30n/a18
Nov ’26€28.68
€34.98
+21.98%
12.87%€45.30€25.30n/a18
Oct ’26€29.07
€35.01
+20.46%
12.92%€45.30€25.30n/a18
Sep ’26€28.05
€35.01
+24.84%
12.89%€45.30€25.30n/a18
Aug ’26€29.40
€35.23
+19.84%
12.68%€45.30€25.30n/a18
Jul ’26€30.34
€35.28
+16.31%
12.71%€45.30€25.30n/a18
Jun ’26€30.12
€35.28
+17.16%
12.71%€45.30€25.30n/a18
May ’26€32.03
€35.11
+9.62%
13.02%€45.30€25.00n/a18
Apr ’26n/a
€36.04
0%
9.84%€45.30€28.30n/a18
Mar ’26€28.37
€35.67
+25.76%
10.21%€45.30€28.30n/a17
Feb ’26€27.24
€35.45
+30.15%
10.13%€45.30€28.30n/a17
Jan ’26n/a
€35.69
0%
9.40%€45.30€29.90n/a17
Dec ’25€27.56
€35.31
+28.15%
10.42%€45.30€28.00n/a17
Nov ’25€29.05
€35.41
+21.88%
10.32%€45.30€28.00€28.6817
Oct ’25€29.49
€34.99
+18.68%
10.96%€45.30€28.00€29.0715
Sep ’25n/a
€34.99
0%
10.22%€43.40€28.00€28.0515
Aug ’25€28.43
€34.99
+23.09%
10.45%€43.40€28.00€29.4015
Jul ’25€28.63
€34.96
+22.10%
10.78%€43.40€28.00€30.3414
Jun ’25€30.60
€34.45
+12.59%
12.14%€43.40€25.00€30.1215
May ’25€29.09
€34.55
+18.76%
12.28%€43.40€25.00€32.0315
Apr ’25€30.12
€33.89
+12.53%
13.09%€43.40€25.00n/a15
Mar ’25€29.64
€33.97
+14.62%
13.45%€43.40€25.00€28.3715
Feb ’25n/a
€33.61
0%
13.67%€43.40€25.00€27.2414
Jan ’25n/a
€32.70
0%
14.71%€43.40€25.00n/a14
Dec ’24€28.96
€32.55
+12.41%
15.24%€43.40€25.00€27.5613
Nov ’24€25.87
€32.42
+25.31%
14.84%€43.40€25.00€29.0513
€34.66
Fair Value
16.6% undervalued intrinsic discount
18
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/16 03:43
End of Day Share Price 2025/11/14 00:00
Earnings2025/06/30
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 34 analysts. 16 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