Veolia Environnement SA

VIE: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€21.60	Lwgcnck	Fnqjrzzh

Veolia Earnings: In Line With Expectations; 2024 Guidance Confirmed; Shares Materially Undervalued

Tancrede Fulop

Aug 1, 2024

We maintain our EUR 38.50 fair value estimate after narrow-moat Veolia released first-half results in line with company-compiled consensus and confirmed its 2024 guidance. Shares are materially undervalued.

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