VEOLIA ENVIRONNEMENT (VVD.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:VVD • FR0000124141

31.97 EUR
+0.42 (+1.33%)
Last: Feb 3, 2026, 07:00 PM
Fundamental Rating

4

Overall VVD gets a fundamental rating of 4 out of 10. We evaluated VVD against 17 industry peers in the Multi-Utilities industry. VVD has a medium profitability rating, but doesn't score so well on its financial health evaluation. VVD has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • VVD had positive earnings in the past year.
  • In the past year VVD had a positive cash flow from operations.
  • In the past 5 years VVD has always been profitable.
  • Each year in the past 5 years VVD had a positive operating cash flow.
VVD.DE Yearly Net Income VS EBIT VS OCF VS FCFVVD.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

1.2 Ratios

  • VVD's Return On Assets of 1.61% is on the low side compared to the rest of the industry. VVD is outperformed by 88.24% of its industry peers.
  • VVD has a Return On Equity (10.56%) which is comparable to the rest of the industry.
  • VVD's Return On Invested Capital of 6.22% is in line compared to the rest of the industry. VVD outperforms 52.94% of its industry peers.
  • VVD had an Average Return On Invested Capital over the past 3 years of 5.04%. This is in line with the industry average of 5.95%.
  • The 3 year average ROIC (5.04%) for VVD is below the current ROIC(6.22%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 1.61%
ROE 10.56%
ROIC 6.22%
ROA(3y)1.26%
ROA(5y)0.95%
ROE(3y)7.32%
ROE(5y)5.34%
ROIC(3y)5.04%
ROIC(5y)4.36%
VVD.DE Yearly ROA, ROE, ROICVVD.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • VVD's Profit Margin of 2.48% is on the low side compared to the rest of the industry. VVD is outperformed by 82.35% of its industry peers.
  • In the last couple of years the Profit Margin of VVD has remained more or less at the same level.
  • Looking at the Operating Margin, with a value of 7.76%, VVD is doing worse than 70.59% of the companies in the same industry.
  • VVD's Operating Margin has improved in the last couple of years.
  • The Gross Margin of VVD (18.28%) is worse than 82.35% of its industry peers.
  • In the last couple of years the Gross Margin of VVD has remained more or less at the same level.
Industry RankSector Rank
OM 7.76%
PM (TTM) 2.48%
GM 18.28%
OM growth 3Y18.91%
OM growth 5Y3.17%
PM growth 3Y20.1%
PM growth 5Y1.34%
GM growth 3Y3.77%
GM growth 5Y1.11%
VVD.DE Yearly Profit, Operating, Gross MarginsVVD.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

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2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VVD is still creating some value.
  • The number of shares outstanding for VVD has been increased compared to 1 year ago.
  • VVD has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for VVD is higher compared to a year ago.
VVD.DE Yearly Shares OutstandingVVD.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
VVD.DE Yearly Total Debt VS Total AssetsVVD.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • VVD has an Altman-Z score of 0.89. This is a bad value and indicates that VVD is not financially healthy and even has some risk of bankruptcy.
  • VVD has a worse Altman-Z score (0.89) than 76.47% of its industry peers.
  • The Debt to FCF ratio of VVD is 15.12, which is on the high side as it means it would take VVD, 15.12 years of fcf income to pay off all of its debts.
  • VVD's Debt to FCF ratio of 15.12 is amongst the best of the industry. VVD outperforms 94.12% of its industry peers.
  • VVD has a Debt/Equity ratio of 2.00. This is a high value indicating a heavy dependency on external financing.
  • VVD has a Debt to Equity ratio of 2.00. This is amonst the worse of the industry: VVD underperforms 82.35% of its industry peers.
Industry RankSector Rank
Debt/Equity 2
Debt/FCF 15.12
Altman-Z 0.89
ROIC/WACC1.31
WACC4.73%
VVD.DE Yearly LT Debt VS Equity VS FCFVVD.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

  • VVD has a Current Ratio of 0.88. This is a bad value and indicates that VVD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • VVD has a Current ratio (0.88) which is in line with its industry peers.
  • A Quick Ratio of 0.83 indicates that VVD may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.83, VVD is in line with its industry, outperforming 41.18% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.83
VVD.DE Yearly Current Assets VS Current LiabilitesVVD.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

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4

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 4.14% over the past year.
  • Measured over the past 5 years, VVD shows a small growth in Earnings Per Share. The EPS has been growing by 7.31% on average per year.
  • Looking at the last year, VVD shows a decrease in Revenue. The Revenue has decreased by -0.31% in the last year.
  • The Revenue has been growing by 10.45% on average over the past years. This is quite good.
EPS 1Y (TTM)4.14%
EPS 3Y31.56%
EPS 5Y7.31%
EPS Q2Q%2.23%
Revenue 1Y (TTM)-0.31%
Revenue growth 3Y16.17%
Revenue growth 5Y10.45%
Sales Q2Q%-0.42%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.58% on average over the next years. This is quite good.
  • Based on estimates for the next years, VVD will show a small growth in Revenue. The Revenue will grow by 3.50% on average per year.
EPS Next Y7.63%
EPS Next 2Y8.38%
EPS Next 3Y8.66%
EPS Next 5Y8.58%
Revenue Next Year0.54%
Revenue Next 2Y2.3%
Revenue Next 3Y3.03%
Revenue Next 5Y3.5%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
VVD.DE Yearly Revenue VS EstimatesVVD.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B 50B
VVD.DE Yearly EPS VS EstimatesVVD.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3

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4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.31, VVD is valued on the expensive side.
  • 88.24% of the companies in the same industry are cheaper than VVD, based on the Price/Earnings ratio.
  • VVD is valuated rather cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 13.18, the valuation of VVD can be described as correct.
  • 82.35% of the companies in the same industry are more expensive than VVD, based on the Price/Forward Earnings ratio.
  • VVD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.31
Fwd PE 13.18
VVD.DE Price Earnings VS Forward Price EarningsVVD.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as VVD.
  • Based on the Price/Free Cash Flow ratio, VVD is valued cheaper than 94.12% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.92
EV/EBITDA 6.65
VVD.DE Per share dataVVD.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.8
PEG (5Y)2.92
EPS Next 2Y8.38%
EPS Next 3Y8.66%

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6

5. Dividend

5.1 Amount

  • VVD has a Yearly Dividend Yield of 4.44%, which is a nice return.
  • Compared to an average industry Dividend Yield of 4.26, VVD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, VVD pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.44%

5.2 History

  • The dividend of VVD is nicely growing with an annual growth rate of 14.14%!
Dividend Growth(5Y)14.14%
Div Incr Years4
Div Non Decr Years4
VVD.DE Yearly Dividends per shareVVD.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • VVD pays out 116.53% of its income as dividend. This is not a sustainable payout ratio.
  • VVD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP116.53%
EPS Next 2Y8.38%
EPS Next 3Y8.66%
VVD.DE Yearly Income VS Free CF VS DividendVVD.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B
VVD.DE Dividend Payout.VVD.DE Dividend Payout, showing the Payout Ratio.VVD.DE Dividend Payout.PayoutRetained Earnings

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VEOLIA ENVIRONNEMENT

FRA:VVD (2/3/2026, 7:00:00 PM)

31.97

+0.42 (+1.33%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)11-06
Earnings (Next)02-26
Inst Owners73.23%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap23.71B
Revenue(TTM)44.60B
Net Income(TTM)1.11B
Analysts81.74
Price Target36.68 (14.73%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.44%
Yearly Dividend1.72
Dividend Growth(5Y)14.14%
DP116.53%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.33%
PT rev (3m)1.48%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.46%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.39%
Valuation
Industry RankSector Rank
PE 21.31
Fwd PE 13.18
P/S 0.53
P/FCF 11.92
P/OCF 4.81
P/B 2.26
P/tB N/A
EV/EBITDA 6.65
EPS(TTM)1.5
EY4.69%
EPS(NY)2.43
Fwd EY7.59%
FCF(TTM)2.68
FCFY8.39%
OCF(TTM)6.64
OCFY20.78%
SpS60.13
BVpS14.14
TBVpS-11.71
PEG (NY)2.8
PEG (5Y)2.92
Graham Number21.84
Profitability
Industry RankSector Rank
ROA 1.61%
ROE 10.56%
ROCE 8.56%
ROIC 6.22%
ROICexc 7.68%
ROICexgc 18.4%
OM 7.76%
PM (TTM) 2.48%
GM 18.28%
FCFM 4.46%
ROA(3y)1.26%
ROA(5y)0.95%
ROE(3y)7.32%
ROE(5y)5.34%
ROIC(3y)5.04%
ROIC(5y)4.36%
ROICexc(3y)6.81%
ROICexc(5y)6.13%
ROICexgc(3y)18.27%
ROICexgc(5y)16.36%
ROCE(3y)6.95%
ROCE(5y)6.02%
ROICexgc growth 3Y15.28%
ROICexgc growth 5Y0.49%
ROICexc growth 3Y14.61%
ROICexc growth 5Y-0.23%
OM growth 3Y18.91%
OM growth 5Y3.17%
PM growth 3Y20.1%
PM growth 5Y1.34%
GM growth 3Y3.77%
GM growth 5Y1.11%
F-Score6
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 2
Debt/FCF 15.12
Debt/EBITDA 3.21
Cap/Depr 95.83%
Cap/Sales 6.59%
Interest Coverage 4.63
Cash Conversion 75.48%
Profit Quality 179.77%
Current Ratio 0.88
Quick Ratio 0.83
Altman-Z 0.89
F-Score6
WACC4.73%
ROIC/WACC1.31
Cap/Depr(3y)95.76%
Cap/Depr(5y)89.42%
Cap/Sales(3y)6.68%
Cap/Sales(5y)6.46%
Profit Quality(3y)191.78%
Profit Quality(5y)437.08%
High Growth Momentum
Growth
EPS 1Y (TTM)4.14%
EPS 3Y31.56%
EPS 5Y7.31%
EPS Q2Q%2.23%
EPS Next Y7.63%
EPS Next 2Y8.38%
EPS Next 3Y8.66%
EPS Next 5Y8.58%
Revenue 1Y (TTM)-0.31%
Revenue growth 3Y16.17%
Revenue growth 5Y10.45%
Sales Q2Q%-0.42%
Revenue Next Year0.54%
Revenue Next 2Y2.3%
Revenue Next 3Y3.03%
Revenue Next 5Y3.5%
EBIT growth 1Y7.39%
EBIT growth 3Y38.14%
EBIT growth 5Y13.96%
EBIT Next Year96.65%
EBIT Next 3Y30.02%
EBIT Next 5Y19.05%
FCF growth 1Y13.27%
FCF growth 3Y13.48%
FCF growth 5Y7.99%
OCF growth 1Y5.18%
OCF growth 3Y16.98%
OCF growth 5Y10.29%

VEOLIA ENVIRONNEMENT / VVD.DE FAQ

Can you provide the ChartMill fundamental rating for VEOLIA ENVIRONNEMENT?

ChartMill assigns a fundamental rating of 4 / 10 to VVD.DE.


Can you provide the valuation status for VEOLIA ENVIRONNEMENT?

ChartMill assigns a valuation rating of 4 / 10 to VEOLIA ENVIRONNEMENT (VVD.DE). This can be considered as Fairly Valued.


Can you provide the profitability details for VEOLIA ENVIRONNEMENT?

VEOLIA ENVIRONNEMENT (VVD.DE) has a profitability rating of 4 / 10.


Can you provide the financial health for VVD stock?

The financial health rating of VEOLIA ENVIRONNEMENT (VVD.DE) is 2 / 10.


How sustainable is the dividend of VEOLIA ENVIRONNEMENT (VVD.DE) stock?

The dividend rating of VEOLIA ENVIRONNEMENT (VVD.DE) is 6 / 10 and the dividend payout ratio is 116.53%.