Veolia Environnement SA (VIE.PA)

Valuation as at 2026-08-29 · see also the Europe Most Undervalued screen

About Veolia Environnement SA

Veolia Environnement SA designs and provides water, waste, and energy management solutions. It operates through France and Hazardous Waste Europe; Europe; Americas, Asia Pacific, Africa Middle-East; Water Technologies; and Other segments. The company is involved in resource management; production, treatment, distribution, and delivery of drinking and industrial process water; customer relationship management; collection, treatment, and recycling of wastewater; provision of organic matter, salts, metals, complex molecules, and energy; design and construction of water treatment and network infrastructure; and sale of water treatment equipment, technologies, and facilities.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Veolia Environnement SA VIE.PA

Industrials · Waste Management

Price
€32.85
Market Cap
€24.05B
Free Cash Flow
€2.21B
Beta
1.00
P/E (TTM)
19.1x
52-Week Range
€27.43–€37.66

Veolia Environnement SA's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-08-29

Share price · last 2 years

€32.58 +9% vs 2024-08
STOXX Europe 600 €29.94€27.55€30.25€29.29€35.94€32.58 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per year

€1.54 +137% vs FY21
€0.65€1.00€1.19€1.54FY21FY22FY23FY25

Free cash flow Per year

€5.15B +24% vs FY22
€4.15B€5.00B€5.04B€5.15BFY22FY23FY24FY25

Dividend per share Per year

€1.75 +26% vs FY22
€1.39€1.73€1.64€1.75FY22FY23FY24FY25

Value investing scale · Buffett · Dalio · Graham

Partial Fit
11 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for VIE.PA →

Intrinsic value estimate · 5-year forecast

BEAR
€25.32
vs current €32.85
-22.9% ❌ Overvalued
BASE
€44.31
vs current €32.85
+34.9% ✅ Undervalued
BULL
€76.30
vs current €32.85
+132.3% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
€2.21B
Reported free cash flow (Yahoo)
Risk-free rate
3.20%
Fixed market seed
Beta
1.00
Floored for non-US stocks
Equity risk premium
5.50%
Market-specific seed
Cost of debt
5.45%
Synthetic rating BB+, ICR 4.0x
Tax rate
25.00%
Estimated default
Capital structure
E 42% / D 58%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth1.6%3.1%4.7%
Terminal growth1.8%1.8%1.8%
WACC (discount rate)7.00%6.00%5.00%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 3.20% + 1.00 × 5.50% = 8.68% · WACC = weighted by 42%/58% capital structure

These numbers come from running Veolia Environnement SA's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or VIE.PA's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with VIE.PA →

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-29 from Yahoo Finance data, using the same engine as the full DCF tool and the Europe Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Veolia Environnement SA (VIE.PA) undervalued?

The Base-case DCF estimates intrinsic value at €44.31 vs a price of €32.85 on 2026-08-29 — a +34.9% margin, so the Base case reads undervalued. This is a mechanical output, not advice.