EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Veolia Environnement SA (0NY8) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Veolia Environnement SA €7.43, price €30.62, upside -75.7%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Industrials · GB · Home France · ISIN FR0000124141

VE Thin data Sep 29, 2026

Veolia Environnement SA

0NY8 · LSE

Weakest SetupStrongly overvalued and low quality.

!Fair value €7.43 · Strongly overvalued (−75.7%)
!Quality 45/100
!Weak Growth (revenue 3y +1.6 %/yr)
!Thin margins · 2.7% net margin (TTM)
!High debt
·4.9% dividend yield · Safety not assessed
!Narrow moat 37/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€37.55 €16.21 Fair Value €7.43 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.

How to read this chart

60‑month range €16.21 – €37.55 · fair‑value band €7.43 – €11.75 · the €30.62 price screens above the €7.43 fair value. Dashed = 300-day average. As of Sep 29, 2026.

Which stocks are undervalued right now? Check free Discover now →

Company profile

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.

Show more

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. It also provides waste collection, product and waste material recovery, and waste-to-energy processing, including sale of recycled products; material recovery of organic waste; dismantling and remediation; hazardous waste processing and treatment; urban cleaning; and industrial maintenance and cleaning services. In addition, the company engages in the operation and maintenance of heating and cooling networks; optimization of industrial utilities, such as steam generation, cooling, electricity, and compressed air; installation and maintenance of production equipment; development of energy services to reduce energy consumption and CO2 emissions of buildings; integrated services for building management; production of electricity from renewable and alternative energy sources, including geothermy, biomass, co-generation, and wastewater plants, etc.; and provision of Hubgrade, a management platform for building and infrastructure energy efficiency monitoring, as well as thermal and multi-technical services. It serves industrial and service sector companies, public authorities, and individuals. The company was formerly known as Vivendi Environnement and changed its name to Veolia Environnement SA in January 2003. Veolia Environnement SA was founded in 1853 and is headquartered in Aubervilliers, France.

Stock analysis

Veolia Environnement SA (0NY8) currently trades at €30.62, while our model-based Fair Value estimate is €7.43, 75.7% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the DCF Models group reads highest at a median of €35.39 per share, and 6 of the 21 models we run sit above the €30.62 price.

Bear case: the Earnings-Based group reads lowest at €1.34, and 15 of the 21 models stay below the price. Evidence for this calculation is low.

Scenario range: €7.43 (bear) to €11.75 (bull), the price of €30.62 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 45/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Veolia Environnement SA reported revenue of €26.0B in FY2020 versus €24.2B in FY2016, a compound +1.8%/yr. Reported net income was €88.8M in FY2020, compounding −30.6%/yr from FY2016.

Key figures

Market cap €22.4B · P/S ratio 0.51 · Dividend yield 4.9% · Net margin 0.3% · Return on equity 12.2% · Return on assets (EBIT) 2.9% · Operating margin 7.7% · Revenue (TTM) €44.4B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 18% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −14% fair-value upside, at −76%, 0NY8 screens richer than that median.

Fair Value models

Bear €7.43 Fair Value €7.43 Bull €11.75
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF €48.15 €67.88 €107.90 76
Growth DCF €50.44 €69.81 €105.68 74
Residual Income €6.83 €6.47 €6.31 73
All 21 models by family
DCF Models
FCF DCF €48.15 €67.88 €107.90 76
5Y Revenue Exit €18.48 €23.71 €31.72 70
5Y EBITDA Exit €33.97 €49.96 €72.08 72
5Y P/E Exit €13.57 €15.39 €18.10 69
10Y Revenue Exit €29.19 €35.39 €41.63 65
10Y EBITDA Exit €38.97 €52.69 €67.70 66
10Y P/E Exit €26.45 €29.91 €32.83 62
Earnings-Based
Graham-Dodd €0.8200 €1.34 €1.63 64
Dividend Discount
Gordon GGM €9.73 €11.83 €14.10 67
DDM Multi-Stage €9.73 €12.97 €17.00 64
Multiples
P/E Multiple €1.64 €2.18 €2.73 63
P/S Multiple €1.55 €2.06 €2.58 58
P/B Multiple €1.55 €2.06 €2.58 55
EV/EBIT €3.67 €7.81 €11.95 62
EV/EBITDA €30.83 €44.03 €57.22 67
EV/Revenue €1.30 €5.60 €9.91 48
Asset-Based
NCAV (Graham) €4.93 €6.60 €9.85 54
Growth DCF
Growth DCF €50.44 €69.81 €105.68 74
Rev-Margin DCF €18.48 €25.00 €34.16 70
Economic Profit
Residual Income €6.83 €6.47 €6.31 73
Growth Earnings
Growth-Adj P/E €1.16 €1.66 €2.16 65

Open the full fair value analysis →

Notify me when 0NY8 reaches fair value

Put 0NY8 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 45/100

Of which business quality 44 · Market factors (momentum, volatility) 49

Profitability 21
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 14
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−4.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
4.5% (2016) → 3.1% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

0NY8 screens overvalued: fair value 76% below the price. Compare with Waste Management, Inc →

Compare Veolia Environnement SA with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Waste Management · 157 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside −80.5% · Bottom 25%
Profitability
Return on equity (TTM) 12.2% · Top 25%
Return on assets 3.0% · Above median
Net margin (TTM) 2.7% · Below median
Operating margin (TTM) 7.7% · Below median
Growth and dividend
Revenue growth −0.4% · Below median
Dividend yield (TTM) 4.9% · Top 25%
Balance sheet
Debt / equity 1.50× · Highest 25%

Valuation Multiplesvs Waste Management median · lower = cheaper

P/B 3.61× · Priciest 25%
P/S (TTM) 0.59× · Cheapest 25%
EV/EBITDA 5.6× · Cheapest 25%

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Waste Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Waste Management, Inc WM $203.92 $224.31 +10%
Republic Services, Inc RSG $211.92 $128.63 −39%
Waste Connections, Inc WCN $150.66 $165.73 +10%
Clean Harbors, Inc CLH $313.04 $155.54 −50%
GFL Environmental Inc GFL $40.43 $34.29 −15%
Umicore SA UMI €21.40 €25.28 +18%
Fomento de Construcciones y Contratas, S.A FCC €10.72 €7.30 −32%
Casella Waste Systems, Inc CWST $82.24 $14.82 −82%
GEM Co 002340 ¥6.12 ¥5.27 −14%
Zhejiang Weiming Environment Protection Co 603568 ¥13.36 ¥20.95 +57%

Explore undervalued stocks

More undervalued Industrials stocks →

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Veolia Environnement SA Fair Value". https://www.fairvalue-calculator.com/stock/0NY8

Frequently asked questions

Is Veolia Environnement SA (0NY8) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of €7.43 versus a price of €30.62, about −76% upside (overvalued).
What is the fair value of 0NY8?
Our model-based fair value for Veolia Environnement SA is €7.43 (as of Sep 29, 2026), built from audited fundamentals. The current price: €30.62.
What is the quality score of 0NY8?
Veolia Environnement SA has a Quality Score of 45/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Veolia Environnement SA (0NY8)?
Our model-based price target is the fair value of €7.43 (as of Sep 29, 2026) from 21 valuation models. Cautious scenario €7.43, optimistic scenario €11.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Veolia Environnement SA stock forecast for 2026?
Our models put fair value at €7.43, about −76% upside versus a price of €30.62 (overvalued). Cautious scenario €7.43, optimistic scenario €11.75. The calculation is refreshed regularly with new filings.
What is the revenue of Veolia Environnement SA (0NY8)?
Veolia Environnement SA reported trailing-twelve-month revenue of about €44.4B (latest available figure, as of Sep 29, 2026).
Does Veolia Environnement SA pay a dividend?
Veolia Environnement SA currently shows a dividend yield of about 4.90% relative to its recent price (as of Sep 29, 2026).
What is the intrinsic value of Veolia Environnement SA (0NY8)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Veolia Environnement SA it is €7.43 per share (as of Sep 29, 2026), against a price of €30.62. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Veolia Environnement SA stock overvalued or undervalued in 2026?
As of Sep 29, 2026, 0NY8 trades above its calculated fair value: price €30.62, fair value €7.43, a gap of about −76% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0NY8?
No. The price is what the market pays today (€30.62); the fair value is what the company's own numbers justify (€7.43). For Veolia Environnement SA the two are €23.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Veolia Environnement SA worth?
The market values Veolia Environnement SA at about €22.4B (market capitalisation, as of Sep 29, 2026). Per share that is €30.62; our models calculate a fair value of €7.43 per share.
What do the bullish and bearish scenarios say about 0NY8?
Our models span a range for Veolia Environnement SA: cautious scenario €7.43, base €7.43, optimistic €11.75 per share (as of Sep 29, 2026, price €30.62). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Veolia Environnement SA (0NY8)?
Balance-sheet figures for Veolia Environnement SA (as of Sep 29, 2026): return on equity 12.2%, debt of 1.50 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 0NY8 from its 52-week high?
Veolia Environnement SA trades at €30.62, about 18% below its 52-week high of €37.55 and 12% above the low of €27.24 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €7.43 is for.
Which stocks are comparable to Veolia Environnement SA?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Clean Harbors, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Veolia Environnement SA stock attractive at the current price?
The data as of Sep 29, 2026: price €30.62, calculated fair value €7.43 (−76%), Quality Score 45/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0NY8 calculated?
We run Veolia Environnement SA through 21 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €7.43, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Veolia Environnement SA itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Veolia Environnement SA (0NY8)?
The closing price on Oct 2, 2026 was €30.62. Our model-based fair value is €7.43, about −76% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Veolia Environnement SA right now?
The price sits above even our optimistic bull case (€11.75). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Veolia Environnement SA

How large is the market capitalisation of Veolia Environnement SA (0NY8)?
The market capitalisation of Veolia Environnement SA is €22.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Veolia Environnement SA (0NY8)?
The price-to-sales ratio of Veolia Environnement SA is 0.51 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Veolia Environnement SA (0NY8)?
The dividend yield of Veolia Environnement SA is 4.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Veolia Environnement SA (0NY8)?
The net margin of Veolia Environnement SA is 0.3% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Veolia Environnement SA (0NY8)?
The return on equity (ROE) of Veolia Environnement SA is 12.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Veolia Environnement SA (0NY8)?
On an EBIT basis the return on assets of Veolia Environnement SA is 2.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Veolia Environnement SA (0NY8)?
The operating margin of Veolia Environnement SA is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Veolia Environnement SA (0NY8)?
Revenue at Veolia Environnement SA is growing −0.4% versus a year earlier (3y avg +1.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Veolia Environnement SA (0NY8)?
Earnings per share at Veolia Environnement SA are growing −1.0% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed

Watch Veolia Environnement SA in the live analysis

One click puts Veolia Environnement SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.