Veolia Environnement SA

BATS-CHIXE:VIEP Stock Report

Market Cap: €20.4b

Veolia Environnement Valuation

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

Below Fair Value: VIEP (€28.02) is trading below our estimate of fair value (€101.16)

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 Ratio18.8x
Earnings€1.09b
Market Cap€20.44b

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 Average15.6x
CNA Centrica
5.5x-10.8%UK£6.1b
NG. National Grid
27.8x15.5%UK£48.0b
TEP Telecom Plus
19.4x11.3%UK£1.4b
SSE SSE
9.8x5.1%UK£18.5b
VIEP Veolia Environnement
18.8x12.7%€20.4b

Price-To-Earnings vs Peers: VIEP is expensive based on its Price-To-Earnings Ratio (18.8x) compared to the peer average (15.6x).

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 expensive based on its Price-To-Earnings Ratio (18.8x) compared to the Global Integrated Utilities industry average (17.5x).

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 Ratio18.8x
Fair PE Ration/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.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€28.02
€35.31
+26.0%
10.4%€45.30€28.00n/a17
Nov ’25€29.05
€35.41
+21.9%
10.3%€45.30€28.00n/a17
Oct ’25€29.49
€34.99
+18.7%
11.0%€45.30€28.00n/a15
Sep ’25n/a
€34.99
0%
10.2%€43.40€28.00n/a15
Aug ’25€28.43
€34.99
+23.1%
10.5%€43.40€28.00n/a15
Jul ’25€28.63
€34.96
+22.1%
10.8%€43.40€28.00n/a14
Jun ’25€30.60
€34.45
+12.6%
12.1%€43.40€25.00n/a15
May ’25€29.09
€34.55
+18.8%
12.3%€43.40€25.00n/a15
Apr ’25€30.12
€33.89
+12.5%
13.1%€43.40€25.00n/a15
Mar ’25€29.64
€33.97
+14.6%
13.4%€43.40€25.00n/a15
Feb ’25n/a
€33.61
0%
13.7%€43.40€25.00n/a14
Jan ’25n/a
€32.70
0%
14.7%€43.40€25.00n/a14
Dec ’24€28.96
€32.55
+12.4%
15.2%€43.40€25.00n/a13
Nov ’24€25.87
€32.42
+25.3%
14.8%€43.40€25.00€29.0513
Oct ’24€27.64
€32.90
+19.0%
14.1%€43.40€25.00€29.4913
Sep ’24€28.39
€33.55
+18.2%
14.3%€43.40€25.00n/a13
Aug ’24n/a
€33.58
0%
14.1%€43.40€25.00€28.4313
Jul ’24n/a
€33.58
0%
14.1%€43.40€25.00€28.6313
Jun ’24€27.11
€33.23
+22.6%
14.3%€43.40€25.00€30.6014
May ’24€28.75
€32.88
+14.4%
14.6%€43.40€25.00€29.0914
Apr ’24€28.47
€31.77
+11.6%
18.4%€43.40€22.50€30.1214
Mar ’24€28.10
€31.47
+12.0%
18.6%€43.40€22.50€29.6414
Feb ’24€27.09
€31.18
+15.1%
18.9%€43.40€22.50n/a14
Jan ’24€24.16
€30.58
+26.6%
22.1%€43.40€21.00n/a13
Dec ’23€24.77
€31.24
+26.1%
21.8%€43.40€21.00€28.9615
Nov ’23€22.81
€30.03
+31.7%
25.7%€43.40€16.70€25.8715

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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