Veolia Environnement S.A. (VIE.PA) stock analysis

In our weekly check, Veolia Environnement S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 6, red flags: 3.

About Veolia Environnement S.A.

Veolia Environnement S.A. is an Industrials company (Waste Management) based in France, listed on PAR as VIE.PA.

What our checks show for VIE.PA

Red flags

• Net debt is 4.1x a year of EBITDA (debt/equity 5.26). That limits room in a downturn and raises refinancing risk.
• The net margin is only 2.7%: little room if costs rise.
• The stock has fallen as much as 89% from a peak. Would you have held through that?

Warning signs

• Analysts expect only about 4.1% a year of growth in revenue.
• Revenue grew only 1.2% a year over the last 3 years.
• Free cash flow is only 3.3% of revenue.
• The dividend takes 94% of profit: little cushion if profit falls.
• The stock is still below its previous peak.
• Return on capital (ROCE) is only 8.3%.

Strengths

• The net margin rose by 1.3 points over 5 years, to 2.7%.
• The gross margin is 17.6% and has risen by 1.6 points: pricing power is holding.
• Operating cash flow is 3.71x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 20.6% a year over the next years.
• Earnings per share grew 16.4% a year over the last 3 years.
• Net profit grew 19.4% a year over the last 3 years.

Similar companies

CLH · GFL · WCN · RSG · CWST · WM

Questions

What grade does Veolia Environnement S.A. (VIE.PA) have?

In our weekly check, Veolia Environnement S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 6, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of VIE.PA stock?

This week's biggest flags for Veolia Environnement S.A.: High debt, Thin margins, Deep past fall. In total 9 of 25 checks show a warning or a red flag.

What does Veolia Environnement S.A. do?

Veolia Environnement S.A. is an Industrials company (Waste Management) based in France, listed on PAR as VIE.PA.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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