Veolia Environnement S.A (VVDH) - Net Assets
Based on the latest financial reports, Veolia Environnement S.A (VVDH) has net assets worth €12.72 Billion EUR (≈ $14.87 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€68.97 Billion ≈ $80.63 Billion USD) and total liabilities (€56.25 Billion ≈ $65.76 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check VVDH asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €12.72 Billion |
| % of Total Assets | 18.44% |
| Annual Growth Rate | 2.51% |
| 5-Year Change | 84.08% |
| 10-Year Change | 67.64% |
| Growth Volatility | 19.17 |
Veolia Environnement S.A - Net Assets Trend (2011–2024)
This chart illustrates how Veolia Environnement S.A's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Veolia Environnement S.A for the complete picture of this company's asset base.
Annual Net Assets for Veolia Environnement S.A (2011–2024)
The table below shows the annual net assets of Veolia Environnement S.A from 2011 to 2024. For live valuation and market cap data, see Veolia Environnement S.A stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €15.31 Billion ≈ $17.89 Billion |
+4.11% |
| 2023-12-31 | €14.70 Billion ≈ $17.19 Billion |
-1.11% |
| 2022-12-31 | €14.87 Billion ≈ $17.38 Billion |
+16.42% |
| 2021-12-31 | €12.77 Billion ≈ $14.93 Billion |
+53.58% |
| 2020-12-31 | €8.31 Billion ≈ $9.72 Billion |
+17.47% |
| 2019-12-31 | €7.08 Billion ≈ $8.28 Billion |
-0.92% |
| 2018-12-31 | €7.14 Billion ≈ $8.35 Billion |
-17.47% |
| 2017-12-31 | €8.66 Billion ≈ $10.12 Billion |
-2.48% |
| 2016-12-31 | €8.88 Billion ≈ $10.38 Billion |
-2.78% |
| 2015-12-31 | €9.13 Billion ≈ $10.67 Billion |
-3.68% |
| 2014-12-31 | €9.48 Billion ≈ $11.08 Billion |
-28.96% |
| 2013-12-31 | €13.34 Billion ≈ $15.60 Billion |
+19.10% |
| 2012-12-31 | €11.20 Billion ≈ $13.10 Billion |
+1.05% |
| 2011-12-31 | €11.09 Billion ≈ $12.96 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Veolia Environnement S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 327110000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €16.64 Billion | 128.82% |
| Total Equity | €12.91 Billion | 100.00% |
Veolia Environnement S.A Competitors by Market Cap
The table below lists competitors of Veolia Environnement S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AerCap Holdings N.V
F:R1D
|
$21.36 Billion |
|
Northern Star Resources Ltd
AU:NST
|
$21.36 Billion |
|
Credo Technology Group Holding Ltd
NASDAQ:CRDO
|
$21.39 Billion |
|
SBA Communications Corp
NASDAQ:SBAC
|
$21.39 Billion |
|
Carpenter Technology Corporation
NYSE:CRS
|
$21.30 Billion |
|
Shanghai Precise Packaging Co Ltd
SHE:300442
|
$21.30 Billion |
|
Woodward Inc
NASDAQ:WWD
|
$21.28 Billion |
|
MasTec Inc
NYSE:MTZ
|
$21.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Veolia Environnement S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,311,000,000 to 12,915,000,000, a change of 604,000,000 (4.9%).
- Net income of 1,098,000,000 contributed positively to equity growth.
- Dividend payments of 1,218,000,000 reduced retained earnings.
- Share repurchases of 8,000,000 reduced equity.
- New share issuances of 341,000,000 increased equity.
- Other factors increased equity by 391,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.10 Billion | +8.5% |
| Dividends Paid | €1.22 Billion | -9.43% |
| Share Repurchases | €8.00 Million | -0.06% |
| Share Issuances | €341.00 Million | +2.64% |
| Other Changes | €391.00 Million | +3.03% |
| Total Change | €- | 4.91% |
Book Value vs Market Value Analysis
This analysis compares Veolia Environnement S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.33x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €13.65 | €18.10 | x |
| 2018-12-31 | €10.82 | €18.10 | x |
| 2019-12-31 | €10.69 | €18.10 | x |
| 2020-12-31 | €12.75 | €18.10 | x |
| 2021-12-31 | €16.76 | €18.10 | x |
| 2022-12-31 | €17.46 | €18.10 | x |
| 2023-12-31 | €17.22 | €18.10 | x |
| 2024-12-31 | €17.69 | €18.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Veolia Environnement S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.46%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 5.65x
- Recent ROE (8.50%) is above the historical average (4.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -6.14% | -1.91% | 0.55x | 5.86x | €-1.47 Billion |
| 2012 | 6.19% | 1.89% | 0.60x | 5.41x | €-357.29 Million |
| 2013 | -0.26% | -0.10% | 0.62x | 4.42x | €-1.16 Billion |
| 2014 | 2.91% | 1.01% | 0.69x | 4.18x | €-589.42 Million |
| 2015 | 5.47% | 1.75% | 0.67x | 4.64x | €-362.34 Million |
| 2016 | 4.94% | 1.57% | 0.64x | 4.90x | €-391.82 Million |
| 2017 | 5.35% | 1.60% | 0.66x | 5.11x | €-348.69 Million |
| 2018 | 7.34% | 1.70% | 0.69x | 6.28x | €-159.24 Million |
| 2019 | 10.53% | 2.30% | 0.66x | 6.91x | €31.53 Million |
| 2020 | 1.23% | 0.34% | 0.57x | 6.29x | €-632.82 Million |
| 2021 | 3.51% | 1.42% | 0.54x | 4.61x | €-747.50 Million |
| 2022 | 5.84% | 1.67% | 0.59x | 5.98x | €-509.67 Million |
| 2023 | 7.61% | 2.07% | 0.62x | 5.89x | €-294.10 Million |
| 2024 | 8.50% | 2.46% | 0.61x | 5.65x | €-193.50 Million |
Industry Comparison
This section compares Veolia Environnement S.A's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $2,460,787,584
- Average return on equity (ROE) among peers: -6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Veolia Environnement S.A (VVDH) | €12.72 Billion | -6.14% | 4.42x | $21.35 Billion |
| SCANDIN.ENVIRO SYSTEMS AB (1HR) | $333.79 Million | -27.66% | 0.14x | $9.86 Million |
| AGILYX ASA NK -02 (5NQ) | $14.55 Million | -107.01% | 0.93x | $185.63 Million |
| ECOUP OYJ EO 1 (62H) | $18.56 Million | -10.61% | 0.61x | $9.21 Million |
| ELL ENVIRON.HLDGS HD-0001 (6EL) | $252.81 Million | -3.45% | 1.04x | $16.83 Million |
| Befesa SA (BFSA) | $327.58 Million | 14.53% | 2.36x | $1.25 Billion |
| DYNAGREEN EN.PR.GR.H YC 1 (DYN) | $8.53 Billion | 6.86% | 1.58x | $319.10 Million |
| FORM.DE C.Y C.ADR 1/5/EO1 (FCC0) | $4.44 Billion | 13.06% | 2.21x | $4.73 Billion |
| Tianjin Capital Environmental Protection Group Company Limited (TIA) | $8.10 Billion | 8.55% | 1.60x | $178.08 Million |
| ZhongDe Waste Technology AG (ZEF) | $126.28 Million | 51.13% | 0.21x | $3.65 Million |
About Veolia Environnement S.A
Veolia Environnement SA designs and provides water, waste, and energy management solutions. It operates through France and Special Waste Europe; Europe excluding France; Rest of the World; Water Technologies; and Other segments. The company is involved in resource management; production, treatment, distribution, and delivery of drinking and industrial process water; customer relationship manageme… Read more