Veolia Environnement SA

LSE:0NY8 Stock Report

Market Cap: €20.8b

Veolia Environnement Valuation

Is 0NY8 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 0NY8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0NY8 (€28.36) is trading below our estimate of fair value (€101.63)

Significantly Below Fair Value: 0NY8 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0NY8?

Key metric: As 0NY8 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NY8. This is calculated by dividing 0NY8's market cap by their current earnings.
What is 0NY8's PE Ratio?
PE Ratio19.1x
Earnings€1.09b
Market Cap€20.76b

Price to Earnings Ratio vs Peers

How does 0NY8's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NY8 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
5.6x-10.8%UK£6.2b
NG. National Grid
27.6x15.5%UK£47.7b
TEP Telecom Plus
19.4x11.3%UK£1.4b
SSE SSE
9.9x5.1%UK£18.8b
0NY8 Veolia Environnement
19.1x12.7%€20.8b

Price-To-Earnings vs Peers: 0NY8 is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the peer average (15.6x).

Price to Earnings Ratio vs Industry

How does 0NY8's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0NY8 19.1xIndustry Avg. 17.5xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NY8 is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the Global Integrated Utilities industry average (17.6x).

Price to Earnings Ratio vs Fair Ratio

What is 0NY8'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.

0NY8 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.1x
Fair PE Ratio15.8x

Price-To-Earnings vs Fair Ratio: 0NY8 is expensive based on its Price-To-Earnings Ratio (19.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.8x).

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 0NY8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€28.36
€35.31
+24.5%
10.4%€45.30€28.00n/a17
Nov ’25€29.36
€35.41
+20.6%
10.3%€45.30€28.00n/a17
Oct ’25€29.51
€34.99
+18.6%
11.0%€45.30€28.00n/a15
Sep ’25€30.04
€34.99
+16.5%
10.2%€43.40€28.00n/a15
Aug ’25€28.26
€34.99
+23.8%
10.5%€43.40€28.00n/a15
Jul ’25€28.71
€34.96
+21.8%
10.8%€43.40€28.00n/a14
Jun ’25€30.70
€34.45
+12.2%
12.1%€43.40€25.00n/a15
May ’25€29.19
€34.55
+18.4%
12.3%€43.40€25.00n/a15
Apr ’25€30.13
€33.89
+12.5%
13.1%€43.40€25.00n/a15
Mar ’25€29.00
€33.97
+17.1%
13.4%€43.40€25.00n/a15
Feb ’25€30.20
€33.61
+11.3%
13.7%€43.40€25.00n/a14
Jan ’25€28.57
€32.70
+14.4%
14.7%€43.40€25.00n/a14
Dec ’24€28.99
€32.55
+12.3%
15.2%€43.40€25.00n/a13
Nov ’24€26.19
€32.42
+23.8%
14.8%€43.40€25.00€29.3613
Oct ’24€27.51
€32.90
+19.6%
14.1%€43.40€25.00€29.5113
Sep ’24€28.66
€33.55
+17.1%
14.3%€43.40€25.00€30.0413
Aug ’24€29.30
€33.58
+14.6%
14.1%€43.40€25.00€28.2613
Jul ’24€28.94
€33.58
+16.0%
14.1%€43.40€25.00€28.7113
Jun ’24€27.74
€33.23
+19.8%
14.3%€43.40€25.00€30.7014
May ’24€28.70
€32.88
+14.6%
14.6%€43.40€25.00€29.1914
Apr ’24€28.45
€31.77
+11.7%
18.4%€43.40€22.50€30.1314
Mar ’24€28.06
€31.47
+12.1%
18.6%€43.40€22.50€29.0014
Feb ’24€27.15
€31.18
+14.8%
18.9%€43.40€22.50€30.2014
Jan ’24€24.46
€30.58
+25.0%
22.1%€43.40€21.00€28.5713
Dec ’23€24.70
€31.24
+26.5%
21.8%€43.40€21.00€28.9915
Nov ’23€22.86
€30.03
+31.4%
25.7%€43.40€16.70€26.1915

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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