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Waste Connections, Inc is a waste management business based in the US. Waste Connections shares (WCN) are listed on the NYSE and all prices are listed in US Dollars. Waste Connections employs 18,204 staff and has a trailing 12-month revenue of around USD$5.4 billion.
Since the stock market crash in March caused by coronavirus, Waste Connections's share price has had significant positive movement.
Its last market close was USD$104.14, which is 0.78% up on its pre-crash value of USD$103.33 and 46.95% up on the lowest point reached during the March crash when the shares fell as low as USD$70.87.
If you had bought USD$1,000 worth of Waste Connections shares at the start of February 2020, those shares would have been worth USD$737.40 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,057.02.
|Latest market close||USD$104.14|
|52-week range||USD$70.87 - USD$106.09|
|50-day moving average||USD$102.0737|
|200-day moving average||USD$95.7187|
|Wall St. target price||USD$114.29|
|Dividend yield||USD$0.74 (0.72%)|
|Earnings per share (TTM)||USD$0.783|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-16)||104.14|
|1 month (2020-09-25)||0.48%|
|3 months (2020-07-24)||4.74%|
|6 months (2020-04-24)||21.46%|
|1 year (2019-10-25)||14.03%|
|2 years (2018-10-25)||43.62%|
|3 years (2017-10-25)||49.03%|
|5 years (2015-10-23)||102.10%|
Valuing Waste Connections stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Waste Connections's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Waste Connections's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 134x. In other words, Waste Connections shares trade at around 134x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Waste Connections's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.6. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Waste Connections's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Waste Connections's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$1.6 billion.
The EBITDA is a measure of a Waste Connections's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$5.4 billion|
|Operating margin TTM||16.66%|
|Gross profit TTM||USD$2.2 billion|
|Return on assets TTM||4.23%|
|Return on equity TTM||3.15%|
|Market capitalisation||USD$27 billion|
TTM: trailing 12 months
There are currently 1.2 million Waste Connections shares held short by investors – that's known as Waste Connections's "short interest". This figure is 6.5% up from 1.1 million last month.
There are a few different ways that this level of interest in shorting Waste Connections shares can be evaluated.
Waste Connections's "short interest ratio" (SIR) is the quantity of Waste Connections shares currently shorted divided by the average quantity of Waste Connections shares traded daily (recently around 723040.96385542). Waste Connections's SIR currently stands at 1.66. In other words for every 100,000 Waste Connections shares traded daily on the market, roughly 1660 shares are currently held short.
However Waste Connections's short interest can also be evaluated against the total number of Waste Connections shares, or, against the total number of tradable Waste Connections shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Waste Connections's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Waste Connections shares in existence, roughly 0 shares are currently held short) or 0.0058% of the tradable shares (for every 100,000 tradable Waste Connections shares, roughly 6 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Waste Connections.
Find out more about how you can short Waste Connections stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Waste Connections.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 26.06
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Waste Connections's overall score of 26.06 (as at 10/01/2020) is pretty good – landing it in it in the 38th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Waste Connections is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 15.25/100
Waste Connections's environmental score of 15.25 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Waste Connections is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 8.67/100
Waste Connections's social score of 8.67 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that Waste Connections is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 7.63/100
Waste Connections's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that Waste Connections is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Waste Connections scored a 1 out of 5 for controversy – the highest score possible, reflecting that Waste Connections has managed to keep its nose clean.
|Total ESG score||26.06|
|Total ESG percentile||37.58|
|Environmental score percentile||5|
|Social score percentile||5|
|Governance score percentile||5|
|Level of controversy||1|
Dividend payout ratio: 27.72% of net profits
Recently Waste Connections has paid out, on average, around 27.72% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.72% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Waste Connections shareholders could enjoy a 0.72% return on their shares, in the form of dividend payments. In Waste Connections's case, that would currently equate to about $0.74 per share.
While Waste Connections's payout ratio might seem fairly standard, it's worth remembering that Waste Connections may be investing much of the rest of its net profits in future growth.
Waste Connections's most recent dividend payout was on 18 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 3 August 2020 (the "ex-dividend date").
Waste Connections's shares were split on a 3:2 basis on 19 June 2017. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Waste Connections shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Waste Connections shares which in turn could have impacted Waste Connections's share price.
Over the last 12 months, Waste Connections's shares have ranged in value from as little as $70.87 up to $106.09. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Waste Connections's is 0.6959. This would suggest that Waste Connections's shares are less volatile than average (for this exchange).
Waste Connections, Inc. provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well's operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers container and chassis sales and leasing services to its customers. As of December 31, 2019, it owned or operated a network of 300 solid waste collection operations; 124 transfer stations; 60 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 14 non-MSW landfills; 66 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. It also operated an additional 51 transfer stations, 10 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was founded in 1997 and is based in Vaughan, Canada.
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