Veolia Environnement Valuation

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

VIEP (€29.74) is trading below our estimate of [[fair value]] (€109.34)

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

Valuation Score

2/6

Valuation Score 2/6

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.

Below Fair Value: VIEP (€29.74) is trading below our estimate of fair value (€109.34)

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?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for VIEP. This is calculated by dividing VIEP's market cap by their current preferred multiple.
What is VIEP's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	€21.32b

VIEP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1x
Enterprise Value/EBITDA	8.3x
PEG Ratio	1.5x

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.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	15.2x
CNA Centrica	5.5x	-9.9%	UK£6.1b
NG. National Grid	23x	11.8%	UK£51.0b
TEP Telecom Plus	19.8x	11.4%	UK£1.4b
SSE SSE	12.6x	5.4%	UK£21.6b
VIEP Veolia Environnement	19.6x	13.0%	€21.3b

Price-To-Earnings vs Peers: VIEP is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (15.2x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	4.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	4.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: VIEP is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the Global Integrated Utilities industry average (16.3x).

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 Ratio	19.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate VIEP's Price-To-Earnings Fair Ratio for valuation analysis.

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.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€29.74	€35.06 +17.9%	11.1%	€45.30	€28.00	n/a	15
Sep ’25	n/a	€34.99 0%	10.2%	€43.40	€28.00	n/a	15
Aug ’25	€28.43	€34.99 +23.1%	10.5%	€43.40	€28.00	n/a	15
Jul ’25	€28.63	€34.96 +22.1%	10.8%	€43.40	€28.00	n/a	14
Jun ’25	€30.60	€34.45 +12.6%	12.1%	€43.40	€25.00	n/a	15
May ’25	€29.09	€34.55 +18.8%	12.3%	€43.40	€25.00	n/a	15
Apr ’25	€30.12	€33.89 +12.5%	13.1%	€43.40	€25.00	n/a	15
Mar ’25	€29.64	€33.97 +14.6%	13.4%	€43.40	€25.00	n/a	15
Feb ’25	n/a	€33.61 0%	13.7%	€43.40	€25.00	n/a	14
Jan ’25	n/a	€32.70 0%	14.7%	€43.40	€25.00	n/a	14
Dec ’24	€28.96	€32.55 +12.4%	15.2%	€43.40	€25.00	n/a	13
Nov ’24	€25.87	€32.42 +25.3%	14.8%	€43.40	€25.00	n/a	13
Oct ’24	€27.64	€32.90 +19.0%	14.1%	€43.40	€25.00	n/a	13
Sep ’24	€28.39	€33.55 +18.2%	14.3%	€43.40	€25.00	n/a	13
Aug ’24	n/a	€33.58 0%	14.1%	€43.40	€25.00	€28.43	13
Jul ’24	n/a	€33.58 0%	14.1%	€43.40	€25.00	€28.63	13
Jun ’24	€27.11	€33.23 +22.6%	14.3%	€43.40	€25.00	€30.60	14
May ’24	€28.75	€32.88 +14.4%	14.6%	€43.40	€25.00	€29.09	14
Apr ’24	€28.47	€31.77 +11.6%	18.4%	€43.40	€22.50	€30.12	14
Mar ’24	€28.10	€31.47 +12.0%	18.6%	€43.40	€22.50	€29.64	14
Feb ’24	€27.09	€31.18 +15.1%	18.9%	€43.40	€22.50	n/a	14
Jan ’24	€24.16	€30.58 +26.6%	22.1%	€43.40	€21.00	n/a	13
Dec ’23	€24.77	€31.24 +26.1%	21.8%	€43.40	€21.00	€28.96	15
Nov ’23	€22.81	€30.03 +31.7%	25.7%	€43.40	€16.70	€25.87	15
Oct ’23	€19.40	€31.14 +60.5%	23.9%	€43.40	€16.70	€27.64	15
Sep ’23	€21.96	€33.15 +50.9%	17.6%	€43.40	€22.50	€28.39	14

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