Republic Services Inc

RSG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$821.00	Qntjv	Rnfkvzk

Republic Services Earnings: Strong Pricing Continues; Likely Another Outsize Year for Acquisitions

Brian Bernard

Apr 28, 2023

Following Republic Services’ first-quarter earnings release, we’ve increased our fair value estimate by approximately 1% to $120 per share. Our fair value increase was mostly driven by the time value of money since our last update.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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