The Upside In Veolia Is Non-Trivial Here

Summary

• Veolia offers a 15% annualized RoR, focusing on stable, government-oriented sectors like waste, water, and energy, with strong operational synergies and growth potential.
• The company has shown impressive 1H24 results, confirming its 2024-2027E perspectives, with significant EBITDA and net income growth, despite external challenges.
• Trading at 15.22x P/E with a 4.1% yield, Veolia is undervalued, offering potential for significant upside through multiple expansions and strategic M&As.
• With a €35/share PT, Veolia is a "Buy" due to its strong fundamentals, well-covered dividend, and realistic upside based on earnings growth.

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Dear readers/followers,

Some of you asked what I was aiming to replace Enbridge (ENB), a very solid energy company, with if I went ahead and sold my position or somehow started rotating that position. In this article, I'm going to share with

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