Veolia Environnement VE SA (VIE) - Net Assets

Latest as of December 2025: €9.43 Billion EUR ≈ $11.03 Billion USD

Based on the latest financial reports, Veolia Environnement VE SA (VIE) has net assets worth €9.43 Billion EUR (≈ $11.03 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€70.67 Billion ≈ $82.62 Billion USD) and total liabilities (€61.24 Billion ≈ $71.59 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 tangible net worth ratio of Veolia Environnement VE SA to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€9.43 Billion
% of Total Assets	13.35%
Annual Growth Rate	5.92%
5-Year Change	-26.13%
10-Year Change	6.27%
Growth Volatility	65.21

Veolia Environnement VE SA - Net Assets Trend (1999–2025)

This chart illustrates how Veolia Environnement VE SA's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Veolia Environnement VE SA to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Veolia Environnement VE SA (1999–2025)

The table below shows the annual net assets of Veolia Environnement VE SA from 1999 to 2025. For live valuation and market cap data, see Veolia Environnement VE SA (VIE) market capitalisation.

Year	Net Assets	Change
2025-12-31	€9.43 Billion ≈ $11.03 Billion	-38.37%
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	+487.99%
2018-12-31	€-1.82 Billion ≈ $-2.13 Billion	-121.08%
2017-12-31	€8.66 Billion ≈ $10.12 Billion	-2.48%
2016-12-31	€8.88 Billion ≈ $10.38 Billion	-6.60%
2015-12-31	€9.50 Billion ≈ $11.11 Billion	+0.47%
2014-12-31	€9.46 Billion ≈ $11.06 Billion	-2.32%
2013-12-31	€9.68 Billion ≈ $11.32 Billion	+6.11%
2012-12-31	€9.13 Billion ≈ $10.67 Billion	-7.21%
2011-12-31	€9.84 Billion ≈ $11.50 Billion	-9.73%
2010-12-31	€10.89 Billion ≈ $12.74 Billion	+7.54%
2009-12-31	€10.13 Billion ≈ $11.84 Billion	+6.03%
2008-12-31	€9.55 Billion ≈ $11.17 Billion	-6.39%
2007-12-31	€10.21 Billion ≈ $11.93 Billion	+55.75%
2006-12-31	€6.55 Billion ≈ $7.66 Billion	+15.19%
2005-12-31	€5.69 Billion ≈ $6.65 Billion	+1.33%
2004-12-31	€5.61 Billion ≈ $6.56 Billion	-10.08%
2003-12-31	€6.24 Billion ≈ $7.30 Billion	-30.03%
2002-12-31	€8.92 Billion ≈ $10.43 Billion	+9.01%
2001-12-31	€8.19 Billion ≈ $9.57 Billion	-0.93%
2000-12-31	€8.26 Billion ≈ $9.66 Billion	+290.43%
1999-12-31	€2.12 Billion ≈ $2.47 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Veolia Environnement VE SA'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 decreased by 1744.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	€3.71 Billion	52.80%
Other Comprehensive Income	€-6.14 Billion	-87.44%
Other Components	€14.50 Billion	206.46%
Total Equity	€7.02 Billion	100.00%

Veolia Environnement VE SA Competitors by Market Cap

The table below lists competitors of Veolia Environnement VE SA ranked by their market capitalization.

Company	Market Cap
ORSTED UNSP.ADR 1/3 DK 10 F:D2G1	$25.36 Billion
Restaurant Brands International Inc TO:QSR	$25.37 Billion
Sika AG SW:SIKA	$25.37 Billion
Adani Green Energy Limited NSE:ADANIGREEN	$25.43 Billion
adidas AG F:ADS	$25.34 Billion
FTAI Aviation Ltd. NASDAQ:FTAI	$25.34 Billion
STMicroelectronics N.V XETRA:SGM	$25.33 Billion
Fair Isaac Corporation NYSE:FICO	$25.32 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Veolia Environnement VE SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 12,915,000,000 to 7,024,000,000, a change of -5,891,000,000 (-45.6%).
Net income of 1,217,000,000 contributed positively to equity growth.
Dividend payments of 1,280,000,000 reduced retained earnings.
Share repurchases of 402,000,000 reduced equity.
New share issuances of 325,000,000 increased equity.
Other comprehensive income decreased equity by 5,835,000,000.
Other factors increased equity by 84,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€1.22 Billion	+17.33%
Dividends Paid	€1.28 Billion	-18.22%
Share Repurchases	€402.00 Million	-5.72%
Share Issuances	€325.00 Million	+4.63%
Other Comprehensive Income	€-5.83 Billion	-83.07%
Other Changes	€84.00 Million	+1.2%
Total Change	€-	-45.61%

Book Value vs Market Value Analysis

This analysis compares Veolia Environnement VE SA'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: 3.70x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 11.53x to 3.70x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1999-12-31	€3.04	€35.06	x
2000-12-31	€21.05	€35.06	x
2001-12-31	€15.97	€35.06	x
2002-12-31	€17.32	€35.06	x
2003-12-31	€8.47	€35.06	x
2004-12-31	€8.52	€35.06	x
2005-12-31	€9.18	€35.06	x
2006-12-31	€10.40	€35.06	x
2007-12-31	€16.90	€35.06	x
2008-12-31	€14.58	€35.06	x
2009-12-31	€15.25	€35.06	x
2010-12-31	€15.94	€35.06	x
2011-12-31	€13.73	€35.06	x
2012-12-31	€13.55	€35.06	x
2013-12-31	€15.09	€35.06	x
2014-12-31	€14.72	€35.06	x
2015-12-31	€15.20	€35.06	x
2016-12-31	€13.63	€35.06	x
2017-12-31	€13.06	€35.06	x
2018-12-31	€4.91	€35.06	x
2019-12-31	€9.89	€35.06	x
2020-12-31	€12.00	€35.06	x
2021-12-31	€18.64	€35.06	x
2022-12-31	€5.00	€35.06	x
2023-12-31	€11.88	€35.06	x
2024-12-31	€17.43	€35.06	x
2025-12-31	€9.47	€35.06	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Veolia Environnement VE SA 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): 17.33%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.74%
• Asset Turnover: 0.63x
• Equity Multiplier: 10.06x
Recent ROE (17.33%) is above the historical average (2.79%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	-6.24%	-0.20%	0.51x	61.06x	€-110.11 Million
2000	9.90%	2.33%	0.66x	6.41x	€-6.05 Million
2001	-39.22%	-7.73%	0.66x	7.74x	€-2.80 Billion
2002	5.36%	1.13%	0.72x	6.64x	€-294.03 Million
2003	-57.48%	-7.18%	0.73x	10.89x	€-2.41 Billion
2004	13.96%	2.02%	0.68x	10.18x	€141.14 Million
2005	16.37%	2.47%	0.70x	9.55x	€242.23 Million
2006	17.40%	2.65%	0.71x	9.20x	€322.62 Million
2007	12.16%	2.84%	0.70x	6.08x	€164.71 Million
2008	5.77%	1.12%	0.74x	7.02x	€-296.68 Million
2009	6.59%	1.42%	0.69x	6.68x	€-254.36 Million
2010	7.42%	2.05%	0.56x	6.47x	€-205.92 Million
2011	-14.01%	-3.34%	0.59x	7.13x	€-1.70 Billion
2012	-0.44%	-0.14%	0.52x	6.24x	€-746.81 Million
2013	-2.29%	-0.82%	0.63x	4.42x	€-1.01 Billion
2014	2.10%	0.73%	0.69x	4.19x	€-655.39 Million
2015	4.39%	1.47%	0.70x	4.30x	€-467.63 Million
2016	4.06%	1.30%	0.64x	4.90x	€-460.62 Million
2017	4.40%	1.33%	0.65x	5.11x	€-420.39 Million
2018	13.23%	1.44%	0.85x	10.77x	€91.40 Million
2019	10.44%	2.28%	0.66x	6.91x	€26.03 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	20.03%	1.67%	0.59x	20.52x	€358.51 Million
2023	10.79%	2.07%	0.62x	8.36x	€68.90 Million
2024	8.49%	2.45%	0.61x	5.65x	€-194.50 Million
2025	17.33%	2.74%	0.63x	10.06x	€514.60 Million

Industry Comparison

This section compares Veolia Environnement VE SA's net assets metrics with peer companies in the Waste Management industry.

Industry Context

Industry: Waste Management
Average net assets among peers: $221,480,333
Average return on equity (ROE) among peers: -19.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Veolia Environnement VE SA (VIE)	€9.43 Billion	-6.24%	6.49x	$25.36 Billion
Europlasma SA (ALEUP)	$16.92 Million	-153.60%	2.56x	$443.56K
Aurea SA (AURE)	$73.73 Million	3.26%	0.93x	$55.51 Million
Derichebourg (DBG)	$923.80 Million	25.72%	2.12x	$1.34 Billion
Groupe Pizzorno Environnement SA (GPE)	$69.61 Million	2.59%	2.81x	$234.96 Million
Orege Société Anonyme (OREGE)	$-18.65 Million	0.00%	0.00x	$14.58 Million
Seche Environnem. (SCHP)	$263.47 Million	6.77%	3.24x	$646.84 Million

About Veolia Environnement VE SA

PA:VIE France Waste Management

Market Cap

$30.01 Billion

€25.67 Billion EUR

Market Cap Rank

#1045 Global

#24 in France

Share Price

€35.06

Change (1 day)

+2.22%

52-Week Range

€27.57 - €36.20

All Time High

€36.20