Veolia Environnement S.A.

Veolia Environnement provides environmental management services to public authorities, industrial and commercial services customers, and individuals worldwide. These services include the supply of water, the treatment and recovery of municipal or industrial effluent, waste collection, processing and recycling, the supply of heating and cooling services and the optimization of industrial processes. Co.'s business operations are conducted through three divisions, each specializing in a single business sector: Veolia Eau (Water), Veolia Energie (Dalkia, Energy Services) and Veolia Proprete (Environmental Services).
  • TickerVIE
  • ISINFR0000124141
  • ExchangeEuronext Paris
  • SectorGas, Water & Multi-utilities
  • CountryFrance

Analysts

Xavier Regnard

SECTOR | Green tech & Smart energy | “Waste Side Story”, SUEZ | Suez 2030 : un virage compliqué à négocier, VEOLIA | Prêt à passer la vitesse supérieure

Green tech & Smart energy | “Waste Side Story” Les métiers de la gestion des déchets sont en plein bouleversement. Les pays occidentaux ont longtemps exporté une partie de leurs déchets vers les pays asiatiques afin qu’ils y soient traités. La décision de la Chine fin 2017 de restreindre sévèrement les importations de déchets a perturbé les flux mondiaux. Les solutions de valorisation et les débouchés sont insuffisants, ce qui entraîne une accumulation des stocks de certaines matières recyclées. Les prix baissent fortement et pèsent sur la rentabilité des acteurs du secteur. • A cela s’ajou...

Xavier Regnard

Green tech & Smart energy | Waste Side Story, SUEZ | Suez 2030: a complicated corner to take, VEOLIA | Shifting up a gear

Green tech & Smart energy | Waste Side Story Waste management businesses are in the throes of change. Western countries have long exported some of their waste to Asian countries for treatment, but the decision by China to massively restrict waste imports at the end of 2017 has upset global flows. Recycling solutions and outlets are insufficient, leading to an accumulation of stocks of certain recycled materials. Prices are falling sharply and are taking a toll on the profitability of players in the sector • In addition to this, macroeconomic indicators are also sluggish. Historically highly...

Xavier Regnard

SECTOR | Green tech & Smart energy | “Waste Side Story”, SUEZ | Suez 2030 : un virage compliqué à négocier, VEOLIA | Prêt à passer la vitesse supérieure

Green tech & Smart energy | “Waste Side Story” Les métiers de la gestion des déchets sont en plein bouleversement. Les pays occidentaux ont longtemps exporté une partie de leurs déchets vers les pays asiatiques afin qu’ils y soient traités. La décision de la Chine fin 2017 de restreindre sévèrement les importations de déchets a perturbé les flux mondiaux. Les solutions de valorisation et les débouchés sont insuffisants, ce qui entraîne une accumulation des stocks de certaines matières recyclées. Les prix baissent fortement et pèsent sur la rentabilité des acteurs du secteur. • A cela s’ajou...

Xavier Regnard

Green tech & Smart energy | Waste Side Story, SUEZ | Suez 2030: a complicated corner to take, VEOLIA | Shifting up a gear

Green tech & Smart energy | Waste Side Story Waste management businesses are in the throes of change. Western countries have long exported some of their waste to Asian countries for treatment, but the decision by China to massively restrict waste imports at the end of 2017 has upset global flows. Recycling solutions and outlets are insufficient, leading to an accumulation of stocks of certain recycled materials. Prices are falling sharply and are taking a toll on the profitability of players in the sector • In addition to this, macroeconomic indicators are also sluggish. Historically highly...

Louis Boujard ...
  • Philippe Ourpatian

Veolia : 2023 profile beginning to emerge

>Buy recommendation and €30 target price maintained - Following two days of road show in Frankfurt and Munich we are confirming our Buy recommendation and our target price of € 30 based on average historical multiples for the period 2000/2018 applied to the 2019 estimates. Our sentiment on the upcoming strategic plan, which generated a number of questions, is that the investment case for profitable growth will be the main focus of this communication at the start of 20...

Louis Boujard ...
  • Philippe Ourpatian

Veolia : Un début d’esquisse du profil 2023

>Opinion Achat et OC 30 € maintenus - A l'issue de deux jours de roadshow à Francfort et à Munich, nous confirmons une nouvelle fois notre opinion Achat et notre objectif de cours de 30 € fondé sur des multiples historiques moyens sur la période 2000/2018 appliqués aux estimations 2019. Notre sentiment sur le prochain plan stratégique qui a concentré un bon nombre de questions est que la thèse d’investissement vers la croissance rentable sera le point central de cette...

Jean-Christophe Dourret

Veolia : Veolia - 14 May 2019

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3 directors bought/sold after exercising options

Three Directors at Veolia Environnement bought/sold after exercising options 31,156 shares at between 19.045EUR and 19.332EUR. The significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where tradin...

Christophe-Raphaël Ganet ...
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/24/2019

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Christophe-Raphaël Ganet ...
  • Emira Sagaama
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/05/2019

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Alexandre Iatrides ...
  • Alfred Glaser
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Philippe Ourpatian
  • Samantha Jeary
  • Stephane Houri
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/07/2019

If the old stock market adage is to be believed, May traditionally heralds a period of profit-taking. This scenario is underpinned by low volumes, recurring outflows, a certain complacency (VIX and V2X at their lowest level) and, on the basis of a 5% growth in EPS, the inability to create additional potential without a significant reduction in the risk premium. At the same time, the valuation remains reasonable. What to do? 1/ Go long on volatility 2/ Closely monitor emerging markets ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Philippe Ourpatian
  • Samantha Jeary
  • Stephane Houri
  • Sylvain Goyon

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/05/2019

Si l’on se réfère aux adages boursiers, le mois de mai annonce une période de prise de profits. Militent en ce sens : des volumes faibles, des outflows récurrents, une certaine complaisance (VIX et V2X au plus bas) et, sur la base d’une croissance de 5% des BPA, l’incapacité à créer du potentiel supplémentaire sans réduction significative de la prime de risque. Dans le même temps la valorisation reste raisonnable. Que faire ? 1/ Etre long volatilité 2/ Regarder avec attention les marc...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Louis Boujard
  • Philippe Ourpatian
  • Steven Gould
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/03/2019

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VEOLIA ENVIRONNEMENT loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of VEOLIA ENVIRONNEMENT (FR), active in the Water industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date August 20, 2019, the closing price was EUR 21.69 and its potential was estimated at EUR 23.85.

Veolia Environnement

Veolia Environnement

Veolia Environnement

Veolia Environnement

MarketLine Department

Waste Management, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Waste Management, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Waste Management, Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...

MarketLine Department

Mitsui & Co., Ltd. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Mitsui & Co., Ltd. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Mitsui & Co., Ltd. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. K...

MarketLine Department

SNC-Lavalin Group Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's SNC-Lavalin Group Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by SNC-Lavalin Group Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advan...

Charles Pinel

Veolia Environnement,18 Avril 2019

Le dividende proposé s'élève à 0,92 € contre 0,84 € l'an passé. Il n'est pas couvert par les bénéfices de l'exercice. L'endettement de la société est significatif. La politique de dividende du groupe semble présenter un risque et génère des interrogations sur sa durabilité. Nous préfèrerions une politique de dividende définie par un pourcentage des résultats de l'exercice à distribuer, cette distribution devant être couverte par les bénéfices. Nous préférons donc ne pas soutenir la distribution envisagée (résolution 4). Trois renouvellements sont proposés au conseil et seront approuvés en rai...

Veolia - Assemblée générale des actionnaires du 18 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Veolia – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Charles Pinel

Proxy Report - 19/04/2018

The Company refers to the AFEP-MEDEF Code of Corporate Governance and reports compliance with all the provisions of this code. In particular, the company applies the criterion of directors' term of office as a criterion of independence provided for by the AFEP-MEDEF Code (12 years) whereas it rejected it until now without any relevant justification. Louis Schweitzer and Baudoin Prot are concerned by this change which is important since Louis Schweitzer was vice-chairman and lead director. This is why Maryse Aulagnon has become the lead independent director. Antoine Frérot is one of the many C...

Charles Pinel

Proxy Report - 19/04/2018

La société applique enfin le critère de la durée de mandat des administrateurs comme critère d'indépendance prévu par le code AFEP-MEDEF (12 ans) alors qu'elle le rejetait jusqu'alors sans justification pertinente. Louis Schweitzer et Baudoin Prot sont concernés par ce changement qui n'est pas sans importance puisque Louis Schweitzer était vice-président et administrateur référent. C'est pourquoi Maryse Aulagnon est devenue administratrice référente indépendante. Antoine Frérot fait partie des nombreux Président-Directeurs généraux du CAC 40 dont le renouvellement est demandé cette année. Mal...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Jérôme VINERIER

Analyse court terme - VEOLIA ENVIRONNEMENT : La tendance est baissière.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 17,400 € et que les prix baissent à nouveau vers 16,200 €. La tendance de fond serait remise en cause en cas de franchissement de 18,000 €.

Jérôme VINERIER

Short term view - VEOLIA ENVIRONNEMENT : The trend is bearish.

The trend is bearish. The bounce is gaining strength. The bounce might end at the resistance at €17.400 and prices would fall again toward €16.200. The background trend would be questioned should prices rise above €18.000.

Jérôme VINERIER

Analyse court terme - VEOLIA ENVIRONNEMENT : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 17,400 € prochainement. Le prochain objectif est à 16,200 €, puis 15,392 €. Le franchissement de 18,000 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - VEOLIA ENVIRONNEMENT : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €17.400. The next target is at €16.200, then €15.392. Passing €18.000 would question the continuation of the fall.

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