VIE FP

Veolia Environnement SA

Industrial/Transportation


Presented:10/07/2014
Price:€13.53
Cap:$8.29B
Current Price:€29.85
Cap:$23.79B

Presented

Date10/07/2014
Price€13.53
Market Cap$8.29B
Ent Value$19.57B
P/E Ratio54.58x
Book Value€14.82
Div Yield4%
Shares O/S548.06M
Ave Daily Vol1,820,000
Short Int4.00%

Current

Price€29.85
Market Cap$23.79B
Veolia Environnement SA provides a range of environmental services in the fields of water, waste, and energy management worldwide. Its Water segment is primarily involved in drinking water and wastewater activities, such as water distribution, water and wastewater treatment, industrial process water, and manufacturing of water treatment equipment and systems. The company’s Environmental Services segment collects, processes, and disposes household, trade, and industrial waste. Its Energy Services segment develops a range of energy management activities, including heating and cooling networks, thermal and multi-technical services, industrial utilities, installation and maintenance of production equipment, and integration services for the comprehensive management of buildings and electrical services on public roadways. The company was formerly known as Vivendi Environnement and changed its name to Veolia Environnement SA in 2003. Veolia Environnement SA was founded in 1853 and is based in Paris, France.

Publicly traded companies mentioned herein: Veolia Environnement SA (VIE FP), Suez Environnement Co (SEV FP), Deutsche Post AG (DPW GR)

Highlights

The presenter characterized Veolia Environnement (VIE) as a “classic European restructuring” that is somewhat reminiscent of the Deutsche Post turnaround. He is long the stock and believes the cost cutting opportunity is straightforward and substantive enough to drive 1.25-1.50 euros of EPS in 2016 and 2017, respectively (vs. the Street at 0.92 in 2016).

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Idea Discussion

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