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
Jean-Christophe Dourret

Veolia : VEOLIA - 13 July 2020

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Jean-Christophe Dourret

Intesa Sanpaolo : Technical Overview - 13 July 2020.docx

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Jean-Christophe Dourret

Veolia : VEOLIA - 13 juil 2020

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Jean-Christophe Dourret

Intesa Sanpaolo : Tour d'Horizon _13 juillet 2020

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Xavier Regnard

Cleantech & Energy transition: Veolia : still our favorite for its resilient profile

Cleantech & Energy transition Veolia : still our favorite for its resilient profile Weak performance but our stock picking was correct Veolia’s profile is more resilient Consensus expected to adjust downwards on Suez, go for Veolia Estimates and FV slightly decreased but ratings unchanged

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

EAFE > EM; Add exposure to Japan Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). Below we highlight attractive and actionable themes within developed int'l: • Japan, Switzerland, Australia, Canada. Major Japanese indexes have been underperforming for nearly two years but are making bullish price and RS inflections and exhibit early signs of bottoming. Switzerland, Australia, and Canada are all trading at multi-year highs and are among the most attractive coun...

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.

Jean-Christophe Dourret

Veolia : VEOLIA - 13 July 2020

...

Jean-Christophe Dourret

Intesa Sanpaolo : Technical Overview - 13 July 2020.docx

...

Jean-Christophe Dourret

Veolia : VEOLIA - 13 juil 2020

...

Jean-Christophe Dourret

Intesa Sanpaolo : Tour d'Horizon _13 juillet 2020

...

Xavier Regnard

Cleantech & Energy transition: Veolia : still our favorite for its resilient profile

Cleantech & Energy transition Veolia : still our favorite for its resilient profile Weak performance but our stock picking was correct Veolia’s profile is more resilient Consensus expected to adjust downwards on Suez, go for Veolia Estimates and FV slightly decreased but ratings unchanged

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Veolia & Enexis

Veolia releases a strong set of 2019 numbers; value in the € short-end of the curve. Enexis: slightly weaker metrics but still holding well

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 31/12/2019 - Sidérurgie

Sidérurgie: Recul attendu de la demande d’environ -3% en 2019 en Europe avec un embellie de +1,4% en 2020 Banca Popolare di Bari: Besoin de recapitalisation révisé à la hausse à €1,4md BMPS (Vente) : Cession de prêts douteux d'une valeur d'environ €1,8 md CNP Assurances (Achat): Feu vert à la prise de contrôle par la Banque Postale (Achat) Fusions – Acquisitions : Total de  $3.800 mds de transactions en 2019 (-4%) Veolia (Conserver) : Finalise la cession de ses réseaux de chaleur et de froid aux Etats-Unis pour $1,3 md Grupo Aldesa (Neu...

ING
Alyssa Gammoudy ...
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/CSPP, Deutsche Bank, Metro, and EDF and Veolia

A quiet December started with muted CSPP activity

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Harald Eggeling
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Sebastien Malafosse
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/07/2020

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Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Harald Eggeling
  • Jean Sassus
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Sebastien Malafosse
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/05/2020

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Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Jean Sassus
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/06/2020

Faced with uncertainty as to what shape the next recovery cycle may take, we have attempted to build a sector allocation approach based on three pillars: 1/ buy sectors offering an EY - Bund spread higher than the long-term average) 2/ minimise the risk on earnings expectations by favouring sectors for which the speed of revision is higher than that achieved at the same time stage of the crisis in 2008-2009 3/ favour sectors whose price performance is more severe than the decline in e...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Jean Sassus
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/05/2020

Face à l’incertitude que représente la forme du prochain cycle de reprise, nous avons tenté de bâtir une allocation sectorielle fondée sur trois piliers : 1/ achat de secteurs offrant un spread EY – Bund supérieur à la moyenne de long terme, 2/ minimisation du risque sur les résultats en favorisant les secteurs dont la vitesse de révision est supérieure à celle atteinte, au même stade temporel de la crise, en 2008-09, 3/ favoriser les secteurs dont la performance prix est plus sévère ...

Alexandre Iatrides ...
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/02/2020

From its low point of 23 March, the Stoxx 600 has clawed back around 15%. Even so, we know that a recession is inevitable and that it will be unprecedented in its magnitude, for a duration that remains unknown and that the adjustment of earnings estimates has not run its course. In this context, it seems futile to think that we can have our cake (the current rise in share prices), eat it (the unprecedented support measures) and come back for second helpings (the expected rally once th...

VEOLIA ENVIRONNEMENT sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of VEOLIA ENVIRONNEMENT (FR), a company active in the Water industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 5, 2020, the closing price was EUR 21.98 and its potential was estimated at EUR 23.36.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Veolia Environnement – AGM 22 April 2020

Due to the coronavirus crisis, the company issued a press release on April 1, 2020 to reduce the dividend by half to €0.50 per share from €1 previously. Under these conditions, ECGS, which had been recommending a negative vote for several years, considering that the dividend was too high and generated a risk (lack of self-financing and new investments, risk of the impact of a rise in interest rates on the net result), considers that the new amount seems acceptable (resolution 4).   This press release also proposes to review the method of calculation of the financial quantifiable portion of t...

Veolia Environnement - Assemblée Générale des actionnaires du 22 avril 2020

En raison de la crise du coronavirus, la société a publié un communiqué le 1er avril 2020 afin de réduire le dividende de moitié à 0,50 € par action contre 1 € précédemment. Dans ces conditions, Proxinvest, qui recommandait un vote négatif depuis plusieurs années en estimant que le dividende était trop élevé et générait un risque (manque d'autofinancement et d'investissements nouveaux, risque de l'impact d'une remontée des taux d'intérêt sur le résultat net), estime que le nouveau montant semble acceptable (résolution 4). Ce communiqué propose également de revoir la méthode de calcul de la pa...

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...

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