Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Veolia Environnement VE SA
Net PP&E was missing, so the physical footprint could not be scored. Capex is 0.91x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash.
Physical asset ratio
—
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
—
Revenue per dollar of the physical asset base.
Capex / D&A
0.91x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
—
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Quote unavailable.
Fixed-charge coverage
—
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
6.1%
Latest free cash flow divided by current market cap (€22.43B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.13x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2016 | 20.8% | 3.37x | 0.85x | — | 5.44x | €1.20B | 7.8% | 0.15x |
| 2017 | 20.9% | 3.40x | 1.01x | — | 5.51x | €955.60M | 8.0% | 0.16x |
| 2018 | 26.4% | 2.72x | 0.75x | — | 8.54x | €1.36B | 8.7% | 0.14x |
| 2019 | 24.7% | 2.91x | 0.81x | — | 5.69x | €1.41B | 9.9% | 0.14x |
| 2020 | 23.2% | 2.67x | 0.81x | — | 5.48x | €1.12B | 4.1% | 0.08x |
| 2021 | — | — | 0.57x | — | — | €1.42B | — | 0.14x |
| 2022 | — | — | 0.91x | — | — | €1.36B | — | 0.13x |
- Depreciation comes from the cash-flow statement because income-statement D&A was missing.
- Free cash flow is operating cash flow minus capex because the statement did not report free cash flow.
Latest year inputs (2022)
Net PP&E: €18.57B
Inventory: €1.49B
Total assets: —
Goodwill: €0.00
Intangibles: €0.00
Liabilities: —
Tangible book: —
Shares: —
Revenue: —
Capex: €2.78B
D&A: €3.06B
EBITDA: €5.53B
Interest: —
Short-term debt: —
Free cash flow: €1.36B
Operating income: €2.48B
Invested capital: —
Tax rate: —