Valuation Veolia Environnement

Equities

Market Closed - Euronext Paris Other stock markets 23:55:00 14/05/2026 HKT			5-day change	1st Jan Change
34.66 ^EUR	+0.58%		-4.25%	+16.62%

05-07	The Rally Spreads
05-07	Veolia: Q1 '26: Resilient revenues amid complex geopolitical backdrop

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	22,172	16,848	20,425	19,796	21,734	25,379	-	-
Change	-	-24.01%	21.23%	-3.08%	9.79%	16.77%	-	-
Enterprise Value (EV) ¹	31,704	34,986	38,328	37,615	41,391	47,618	47,720	47,766
Change	-	10.35%	9.55%	-1.86%	10.04%	15.05%	0.21%	0.1%
P/E ratio	49.6x	21.6x	21.8x	17.6x	17.5x	15.2x	15.1x	14x
PBR	1.93x	1.4x	1.64x	1.51x	2x	2.2x	2.13x	2.05x
PEG	-	0.3x	1.2x	1x	1.7x	0.4x	17.37x	1.83x
Capitalization / Revenue	0.78x	0.39x	0.45x	0.44x	0.49x	0.55x	0.53x	0.51x
EV / Revenue	1.11x	0.82x	0.85x	0.84x	0.93x	1.03x	0.99x	0.96x
EV / EBITDA	7.49x	5.65x	5.86x	5.54x	5.87x	6.39x	6.07x	5.82x
EV / EBIT	18x	11.4x	11.5x	10.6x	11.1x	11.9x	11.1x	10.5x
EV / FCF	22.4x	25.6x	20.6x	18.1x	19.7x	35.6x	28.7x	25.2x
FCF Yield	4.47%	3.9%	4.87%	5.51%	5.07%	2.81%	3.48%	3.98%
Dividend per Share ²	1	1.12	1.25	1.4	-	1.618	1.775	1.924
Rate of return	3.1%	4.67%	4.38%	5.16%	-	4.67%	5.12%	5.55%
EPS ²	0.65	1.11	1.31	1.54	1.7	2.281	2.301	2.476
Distribution rate	154%	101%	95.4%	90.9%	-	70.9%	77.1%	77.7%
Net sales ¹	28,508	42,885	45,351	44,692	44,396	46,402	48,246	49,878
EBITDA ¹	4,234	6,196	6,543	6,788	7,050	7,446	7,862	8,214
EBIT ¹	1,766	3,062	3,346	3,547	3,740	4,016	4,291	4,552
Net income ¹	404.3	716	937	1,098	1,217	1,484	1,650	1,822
Net Debt ¹	9,532	18,138	17,903	17,819	19,657	22,239	22,341	22,387
Reference price ²	32.26	24.00	28.56	27.11	29.72	34.66	34.66	34.66
Nbr of stocks (in thousands)	687,294	702,015	715,174	730,212	731,279	732,217	-	-
Announcement Date	17/3/22	2/3/23	29/2/24	27/2/25	26/2/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
VEOLIA ENVIRONNEMENT	15.11x	1.02x	6.38x	4.69%	29.55B
NATIONAL GRID PLC	16.34x	5.69x	13.22x	3.78%	85.82B
ENGIE	14.46x	1.58x	8.13x	5.07%	78.03B
ABU DHABI NATIONAL ENERGY COMPANY	35.94x	5.47x	15.4x	1.74%	70.4B
SEMPRA	18.19x	6.66x	14.83x	2.88%	59.93B
EON SE	17.88x	1.12x	9.47x	3.15%	57.35B
RWE AG	21.22x	2.31x	9.64x	2.3%	47.19B
PUBLIC SERVICE ENTERPRISE GROUP, INC.	17.74x	5x	12.89x	3.47%	38.48B
DUBAI ELECTRICITY AND WATER AUTHORITY	16.61x	4.95x	9.61x	4.34%	37.57B
ACWA POWER COMPANY	50.97x	19.74x	30.87x	0.48%	36.96B
Average	22.45x	5.35x	13.04x	3.19%	54.13B
Weighted average by Cap.	21.83x	5.00x	12.80x	3.25%