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Waste Connections Inc WCN

Morningstar Rating
$173.90 +0.85 (0.49%)
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Company Report

2024 Should Be Another Year of Outsize Acquisition Activity for Waste Connections

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.

Price vs Fair Value

WCN is trading at a 27% premium.
Price
$173.05
Fair Value
$693.00
Uncertainty
Low
1-Star Price
$115.80
5-Star Price
$411.70
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 US 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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News

Trading Information

Previous Close Price
$173.05
Day Range
$172.46174.53
52-Week Range
$126.12174.53
Bid/Ask
$171.64 / $183.00
Market Cap
$44.86 Bil
Volume/Avg
1.0 Mil / 816,005

Key Statistics

Price/Earnings (Normalized)
39.87
Price/Sales
5.45
Dividend Yield (Trailing)
0.64%
Dividend Yield (Forward)
0.66%
Total Yield
0.64%

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

Competitors

Valuation

Metric
WCN
WM
SRCL
Price/Earnings (Normalized)
39.8731.3629.97
Price/Book Value
5.7311.782.15
Price/Sales
5.454.072.05
Price/Cash Flow
20.4516.2618.90
Price/Earnings
WCN
WM
SRCL

Financial Strength

Metric
WCN
WM
SRCL
Quick Ratio
0.620.760.99
Current Ratio
0.750.891.11
Interest Coverage
4.557.261.06
Quick Ratio
WCN
WM
SRCL

Profitability

Metric
WCN
WM
SRCL
Return on Assets (Normalized)
6.05%7.92%1.06%
Return on Equity (Normalized)
14.32%36.61%2.26%
Return on Invested Capital (Normalized)
8.75%12.95%2.61%
Return on Assets
WCN
WM
SRCL
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Waste Management Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Waste Management Inc
WM
LjvpxjhWgd$83.4 Bil
Republic Services Inc
RSG
HmvrhkcLwl$60.4 Bil
Veolia Environnement SA
VEOEF
Knxxnt$22.0 Bil
Veolia Environnement SA ADR
VEOEY
PmvlmhsKpjpls$22.0 Bil
GFL Environmental Inc
GFL
Sqzkr$14.4 Bil
Clean Harbors Inc
CLH
LpzgdtskMrj$12.2 Bil
Fomento de Construcciones y Contratas SA ADR
FMOCY
Dvdb$6.5 Bil
Fomento de Construcciones y Contratas SA
FMOCF
Kdtc$6.5 Bil
Stericycle Inc
SRCL
BdfwmkfnBvcbcz$5.4 Bil

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