VEOLIA ENVIRONNEMENT (VIE.PA)
FR0000124141 - Common Stock
VIE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 13 industry peers in the Multi-Utilities industry. VIE may be in some trouble as it scores bad on both profitability and health. VIE is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
VIE had positive earnings in the past year.
In the past year VIE had a positive cash flow from operations.
In the past 5 years VIE has always been profitable.
Each year in the past 5 years VIE had a positive operating cash flow.
1.2 Ratios
VIE has a Return On Assets of 1.41%. This is comparable to the rest of the industry: VIE outperforms 46.15% of its industry peers.
VIE has a Return On Equity of 8.64%. This is comparable to the rest of the industry: VIE outperforms 46.15% of its industry peers.
With a Return On Invested Capital value of 4.66%, VIE is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 8.64% | ||
| ROIC | 4.66% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
VIE has a Profit Margin of 2.21%. This is in the lower half of the industry: VIE underperforms 76.92% of its industry peers.
VIE's Profit Margin has improved in the last couple of years.
The Operating Margin of VIE (6.11%) is worse than 61.54% of its industry peers.
VIE's Operating Margin has declined in the last couple of years.
VIE has a Gross Margin of 16.57%. This is in the lower half of the industry: VIE underperforms 76.92% of its industry peers.
VIE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.11% | ||
| PM (TTM) | 2.21% | ||
| GM | 16.57% |
OM growth 3Y9.74%
OM growth 5Y-1.6%
PM growth 3Y82.23%
PM growth 5Y7.46%
GM growth 3Y1.21%
GM growth 5Y-1.24%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VIE is still creating some value.
Compared to 1 year ago, VIE has more shares outstanding
Compared to 5 years ago, VIE has more shares outstanding
VIE has a worse debt/assets ratio than last year.
2.2 Solvency
VIE has an Altman-Z score of 0.85. This is a bad value and indicates that VIE is not financially healthy and even has some risk of bankruptcy.
VIE has a Altman-Z score of 0.85. This is in the lower half of the industry: VIE underperforms 61.54% of its industry peers.
The Debt to FCF ratio of VIE is 16.40, which is on the high side as it means it would take VIE, 16.40 years of fcf income to pay off all of its debts.
VIE's Debt to FCF ratio of 16.40 is fine compared to the rest of the industry. VIE outperforms 69.23% of its industry peers.
VIE has a Debt/Equity ratio of 1.82. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.82, VIE is doing worse than 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | 16.4 | ||
| Altman-Z | 0.85 |
ROIC/WACC1.03
WACC4.52%
2.3 Liquidity
VIE has a Current Ratio of 0.94. This is a bad value and indicates that VIE is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of VIE (0.94) is comparable to the rest of the industry.
VIE has a Quick Ratio of 0.94. This is a bad value and indicates that VIE is not financially healthy enough and could expect problems in meeting its short term obligations.
VIE has a Quick ratio (0.88) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 189.58% over the past year.
VIE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.60% yearly.
Looking at the last year, VIE shows a very strong growth in Revenue. The Revenue has grown by 29.63%.
VIE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.81% yearly.
EPS 1Y (TTM)189.58%
EPS 3Y104.35%
EPS 5Y15.6%
EPS growth Q2Q121.21%
Revenue 1Y (TTM)29.63%
Revenue growth 3Y20.36%
Revenue growth 5Y11.81%
Revenue growth Q2Q12.67%
3.2 Future
The Earnings Per Share is expected to grow by 12.52% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.68% on average over the next years.
EPS Next Y10.79%
EPS Next 2Y11.86%
EPS Next 3Y11.86%
EPS Next 5Y12.52%
Revenue Next Year1.78%
Revenue Next 2Y2.55%
Revenue Next 3Y3.01%
Revenue Next 5Y2.68%
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 20.72, VIE is valued on the expensive side.
VIE's Price/Earnings ratio is rather expensive when compared to the industry. VIE is more expensive than 84.62% of the companies in the same industry.
VIE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 24.76, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.25, which indicates a correct valuation of VIE.
Based on the Price/Forward Earnings ratio, VIE is valued expensively inside the industry as 84.62% of the companies are valued cheaper.
When comparing the Price/Forward Earnings ratio of VIE to the average of the S&P500 Index (21.26), we can say VIE is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.72 | ||
| Fwd PE | 14.25 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VIE indicates a slightly more expensive valuation: VIE is more expensive than 61.54% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, VIE is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.72 | ||
| EV/EBITDA | 5.84 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VIE does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.92
PEG (5Y)1.33
EPS Next 2Y11.86%
EPS Next 3Y11.86%
5. Dividend
5.1 Amount
VIE has a Yearly Dividend Yield of 4.37%, which is a nice return.
VIE's Dividend Yield is slightly below the industry average, which is at 6.12.
VIE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
5.2 History
The dividend of VIE is nicely growing with an annual growth rate of 17.26%!
Dividend Growth(5Y)17.26%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
VIE pays out 174.51% of its income as dividend. This is not a sustainable payout ratio.
The dividend of VIE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP174.51%
EPS Next 2Y11.86%
EPS Next 3Y11.86%
VEOLIA ENVIRONNEMENT
EPA:VIE (4/19/2024, 7:00:00 PM)
28.8
+0.17 (+0.59%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryMulti-Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap20.59B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.72 | ||
| Fwd PE | 14.25 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.92
PEG (5Y)1.33
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.41% | ||
| ROE | 8.64% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.11% | ||
| PM (TTM) | 2.21% | ||
| GM | 16.57% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.64
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.82 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)189.58%
EPS 3Y104.35%
EPS 5Y
EPS growth Q2Q
EPS Next Y10.79%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)29.63%
Revenue growth 3Y20.36%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y