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Waste Connections Inc WCN

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Stock XNYS Rating as of
$165.18 −1.00 (0.60%)
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As of Delayed Price Post-Trading: $164.00 −1.00
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Company Report

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Pricing Power and Acquisitions Will Support Another Year of Strong Growth for Waste Connections

Brian Bernard

As a fully integrated waste hauler, Waste Connections leverages its large network of collection routes that bestows significant control over the waste stream, funneling trash from commercial, industrial, and residential end markets into its valuable landfill assets. Waste Connections' secondary and rural market strategy faces less competition and delivers higher profit margins relative to larger, urban-focused competitors Waste Management and Republic Services.

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Price vs Fair Value

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WCN is trading within a range we consider fairly valued.
Price
$166.27
Fair Value
$113.00
Uncertainty
Low
1-Star Price
$845.00
5-Star Price
$286.10
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Waste Connections enjoys strong pricing power—a feature of its wide economic moat. This pricing power has allowed the firm to defend profit margins in the current inflationary environment.

Bears

Many U.S. municipalities are gradually pushing for greater solid waste reduction and recycling, which could temper the level of higher-margin waste entering Waste Connections’ landfills over the long run.

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Is it the right time to buy, sell, or hold?
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Trading Information

Previous Close Price
$166.18
Day Range
$160.85–166.83
52-Week Range
$126.12–173.03
Bid/Ask
$155.20 / $166.10
Market Cap
$42.62 Bil
Volume/Avg
1.6 Mil / 898,235

Key Statistics

Price/Earnings (Normalized)
39.66
Price/Sales
5.35
Dividend Yield (Trailing)
0.65%
Dividend Yield (Forward)
0.69%
Total Yield
0.65%

Company Profile

Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.
Sector
Industrials
Industry
Waste Management
Stock Style Box
Large Growth
Total Number of Employees
22,539
Website
https://www.wasteconnections.com

Competitors

Valuation

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Metric
WCN
SRCL
RSG
Price/Earnings (Normalized)
 39.6626.1334.24
Price/Book Value
 5.561.795.72
Price/Sales
 5.351.704.06
Price/Cash Flow
 20.2915.0616.90
Price/Earnings
WCN
SRCL
RSG

Financial Strength

Metric
WCN
SRCL
RSG
Quick Ratio
 0.620.990.50
Current Ratio
 0.751.110.56
Interest Coverage
 4.551.065.30
Quick Ratio
WCN
SRCL
RSG

Profitability

Metric
WCN
SRCL
RSG
Return on Assets (Normalized)
 6.05%3.31%5.94%
Return on Equity (Normalized)
 14.32%7.09%17.51%
Return on Invested Capital (Normalized)
 8.75%5.42%9.64%
Return on Assets
WCN
SRCL
RSG
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Waste Management Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
WM
Waste Management IncZpcmqnhnBpny$84.4 Bil
RSG
Republic Services IncMxrwqdxlgVkfnf$60.0 Bil
VEOEF
Veolia Environnement SA—Csm$22.1 Bil
VEOEY
Veolia Environnement SA ADRJcwpjqgpGbdr$22.1 Bil
GFL
GFL Environmental Inc—Vrpyvtj$12.4 Bil
CLH
Clean Harbors IncScktfwtztYrcplc$10.7 Bil
FMOCY
Fomento de Construcciones y Contratas SA ADR—Ldm$5.9 Bil
CWST
Casella Waste Systems Inc Class A—Rsklbt$5.5 Bil
SRCL
Stericycle IncRfwtgctzWmwlypl$4.7 Bil

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