Financials Veolia Environnement

Equities

VIE

FR0000124141

Multiline Utilities

Market Closed - Euronext Paris 11:35:25 2024-04-19 am EDT 5-day change 1st Jan Change
28.8 EUR +0.59% Intraday chart for Veolia Environnement +1.23% +0.84%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,152 11,321 22,172 16,848 20,425 20,593 - -
Enterprise Value (EV) 1 23,832 24,185 31,704 34,986 38,328 40,452 40,640 40,905
P/E ratio 21.9 x 133 x 49.6 x 21.6 x 21.8 x 16 x 13.3 x 11.9 x
Yield 4.22% 3.5% 3.1% 4.67% - 4.9% 5.45% 5.97%
Capitalization / Revenue 0.48 x 0.44 x 0.78 x 0.39 x 0.45 x 0.45 x 0.43 x 0.41 x
EV / Revenue 0.88 x 0.93 x 1.11 x 0.82 x 0.85 x 0.88 x 0.85 x 0.82 x
EV / EBITDA 5.93 x 6.64 x 7.49 x 5.65 x 5.86 x 5.94 x 5.62 x 5.37 x
EV / FCF 27.5 x 21.7 x 22.4 x 25.6 x - 29.9 x 30.8 x 25.5 x
FCF Yield 3.64% 4.62% 4.47% 3.9% - 3.35% 3.25% 3.93%
Price to Book 2.31 x 1.57 x 1.93 x 1.4 x - 1.64 x 1.56 x 1.51 x
Nbr of stocks (in thousands) 554,709 565,749 687,294 702,015 715,174 715,036 - -
Reference price 2 23.71 20.01 32.26 24.00 28.56 28.80 28.80 28.80
Announcement Date 2/28/20 2/25/21 3/17/22 3/2/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 27,189 26,010 28,508 42,885 45,351 45,819 47,720 49,641
EBITDA 1 4,022 3,641 4,234 6,196 6,543 6,814 7,230 7,617
EBIT 1 1,730 1,275 1,766 3,062 3,346 3,556 3,841 4,135
Operating Margin 6.36% 4.9% 6.19% 7.14% 7.38% 7.76% 8.05% 8.33%
Earnings before Tax (EBT) 1 1,171 365.4 900.7 1,496 1,869 2,521 2,726 3,026
Net income 1 624.9 88.8 404.3 716 937 1,348 1,548 1,712
Net margin 2.3% 0.34% 1.42% 1.67% 2.07% 2.94% 3.24% 3.45%
EPS 2 1.080 0.1500 0.6500 1.110 1.310 1.795 2.163 2.411
Free Cash Flow 1 868 1,116 1,418 1,365 - 1,354 1,320 1,607
FCF margin 3.19% 4.29% 4.98% 3.18% - 2.95% 2.77% 3.24%
FCF Conversion (EBITDA) 21.58% 30.66% 33.5% 22.02% - 19.87% 18.26% 21.1%
FCF Conversion (Net income) 138.9% 1,257.21% 350.83% 190.59% - 100.4% 85.31% 93.87%
Dividend per Share 2 1.000 0.7000 1.000 1.120 - 1.411 1.570 1.721
Announcement Date 2/28/20 2/25/21 3/17/22 3/2/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 12,412 13,645 6,712 8,151 9,935 10,261 20,196 10,517 12,172 12,007 10,748 22,755 10,406 12,190 11,809 15,488 5,317 11,989
EBITDA 1,599 2,081 - - 1,456 1,497 2,953 - - 1,574 1,588 3,162 1,631 1,750 - - - -
EBIT 437.5 900.7 - - 692 783 1,475 - - 788 885 1,674 844 828 - - - -
Operating Margin 3.52% 6.6% - - 6.97% 7.63% 7.3% - - 6.56% 8.23% 7.36% 8.11% 6.79% - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - 522.9 - - - - - -
Net margin - - - - - - - - - - - 2.3% - - - - - -
EPS - - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 7/30/20 7/29/21 11/4/21 3/17/22 5/12/22 8/3/22 8/3/22 11/9/22 3/2/23 5/4/23 8/3/23 8/3/23 11/9/23 2/29/24 - - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,680 12,864 9,532 18,138 17,903 19,859 20,047 20,312
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.656 x 3.533 x 2.251 x 2.927 x 2.736 x 2.915 x 2.773 x 2.667 x
Free Cash Flow 1 868 1,116 1,418 1,365 - 1,354 1,320 1,607
ROE (net income / shareholders' equity) 12.7% 6.31% 9.55% 9.78% - 11.6% 12.3% 13.1%
ROA (Net income/ Total Assets) 1.93% 0.21% 1.82% 1.84% - 1.82% 1.96% 2%
Assets 1 32,328 43,191 22,214 38,934 - 74,183 78,837 85,441
Book Value Per Share 2 10.30 12.80 16.80 17.20 - 17.50 18.50 19.10
Cash Flow per Share 2 5.340 4.700 5.090 5.810 - 7.010 7.450 7.800
Capex 1 1,676 1,609 1,729 2,784 3,140 3,713 3,764 3,797
Capex / Sales 6.16% 6.18% 6.06% 6.49% 6.92% 8.1% 7.89% 7.65%
Announcement Date 2/28/20 2/25/21 3/17/22 3/2/23 2/29/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
28.8 EUR
Average target price
34.31 EUR
Spread / Average Target
+19.14%
Consensus

Quarterly revenue - Rate of surprise

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  4. Financials Veolia Environnement