VIE.PA
Veolia Environment
Utilities
Puntuaciones
Métricas Clave
P/E
13.7
Rendimiento
4.78%
Pago
20.5%
ROE
10.4%
Deuda/EBITDA
2.6x
EV/EBITDA
6.6x
Resumen
Análisis de VIE.PA
Contexto del Sector
Veolia operates in the Utilities and Environmental Services sector. For such capital-intensive businesses with stable, long-term contracts, a Net Debt/EBITDA ratio of 2.63x is considered healthy and manageable. The high barriers to entry (infrastructure, regulation, scale) provide a strong competitive advantage and predictable cash flows, justifying the business model's leverage.
Oportunidad Temporal Identificada
The market appears to be overly focused on a minor, short-term revenue decline (-1.2% YoY), creating a valuation discount for a high-quality industry leader. This slowdown is likely temporary, potentially due to portfolio adjustments or cyclical factors, rather than a fundamental deterioration of the business model.
✓ Por qué nos gusta
- • Global leader in the ideal 'Essential Services' sector (Utilities/Environmental Services) with a strong competitive moat.
- • Valuation is reasonable at a P/E of 13.7, which is within the strategy's 8-15 sweet spot.
- • Attractive and very secure dividend yield of 4.78%, supported by an extremely low and conservative payout ratio of 20.46%.
- • Manageable debt levels for its sector, with a Net Debt/EBITDA of 2.63x, well below the 4x red flag.
- • Clear strategic focus on high-growth areas like decarbonization and ecological transformation ('GreenUp' plan).
⚠ Qué vigilar
- • A recent trend of declining quarterly revenue (-1.2% YoY) has been flagged, which requires monitoring to ensure it is not the start of a permanent decline.
- • Debt/Equity ratio of 2.08 is elevated, although common for capital-intensive utility-like businesses and mitigated by the strong Net Debt/EBITDA metric.
Análisis realizado: 17/12/2025
Descargo: Esta información es solo para fines educativos. No es asesoramiento financiero.