Veolia : 9M 2024 a little better, FY guidance confirmed, but still trading at a discount
>Outperform rating and € 45.3 TP reiterated - Following the 9M 2024 results, which came out a little higher than we and the consensus expected, we are sticking with our Outperform rating and € 45.3 TP which is based on the average between a DCF valuation (€ 44.5), a sum-of-parts model (€ 43.6) and a valuation using historical multiples (€ 47.6). Despite Veolia’s solid 9M 2024 operating performances and trajectory, which is in line with its GreenUp business plan, its s...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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