Clean Harbors
Market Cap
US$4.8b
Last Updated
2020/02/19 23:45 UTC
Data Sources
Company Financials +
Executive Summary
Clean Harbors, Inc. provides environmental, energy, and industrial services in North America.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential and slightly overvalued.
Similar Companies
Share Price & News
How has Clean Harbors's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CLH has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.6%
CLH
0.8%
US Commercial Services
0.5%
US Market
1 Year Return
45.4%
CLH
22.4%
US Commercial Services
20.3%
US Market
Return vs Industry: CLH exceeded the US Commercial Services industry which returned 22.4% over the past year.
Return vs Market: CLH exceeded the US Market which returned 20.3% over the past year.
Shareholder returns
| CLH | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 0.8% | 0.5% |
| 30 Day | 4.3% | 3.9% | 2.0% |
| 90 Day | 3.6% | 9.7% | 9.4% |
| 1 Year | 45.4%45.4% | 26.7%22.4% | 22.8%20.3% |
| 3 Year | 55.7%55.7% | 65.9%54.9% | 50.1%40.4% |
| 5 Year | 56.6%56.6% | 105.3%83.4% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Clean Harbors's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Clean Harbors, Inc.'s (NYSE:CLH) CEO Overpaid Relative To Its Peers?2 weeks ago | Simply Wall St
Clean Harbors (NYSE:CLH) Has A Pretty Healthy Balance Sheet4 weeks ago | Simply Wall St
Based On Its ROE, Is Clean Harbors, Inc. (NYSE:CLH) A High Quality Stock?Valuation
Is Clean Harbors undervalued compared to its fair value and its price relative to the market?
33.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CLH ($87.72) is trading below our estimate of fair value ($132.28)
Significantly Below Fair Value: CLH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CLH is poor value based on its PE Ratio (54.4x) compared to the Commercial Services industry average (26.6x).
PE vs Market: CLH is poor value based on its PE Ratio (54.4x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: CLH is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: CLH is overvalued based on its PB Ratio (4x) compared to the US Commercial Services industry average (1.9x).
Next Steps
Future Growth
How is Clean Harbors forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
21.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLH's forecast earnings growth (21.8% per year) is above the savings rate (1.7%).
Earnings vs Market: CLH's earnings (21.8% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CLH's revenue (3.7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CLH's revenue (3.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CLH's Return on Equity is forecast to be low in 3 years time (10%).
Next Steps
Past Performance
How has Clean Harbors performed over the past 5 years?
47.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLH has high quality earnings.
Growing Profit Margin: CLH's current net profit margins (2.6%) are lower than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: CLH has become profitable over the past 5 years, growing earnings by 47.9% per year.
Accelerating Growth: CLH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CLH had negative earnings growth (-32.5%) over the past year, making it difficult to compare to the Commercial Services industry average (-0.6%).
Return on Equity
High ROE: CLH's Return on Equity (7.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Clean Harbors's financial position?
Financial Position Analysis
Short Term Liabilities: CLH's short term assets ($1.3B) exceed its short term liabilities ($680.0M).
Long Term Liabilities: CLH's short term assets ($1.3B) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: CLH's debt to equity ratio (126.5%) is considered high.
Reducing Debt: CLH's debt to equity ratio has increased from 105.7% to 126.5% over the past 5 years.
Debt Coverage: CLH's debt is well covered by operating cash flow (26.3%).
Interest Coverage: CLH's interest payments on its debt are not well covered by EBIT (2.7x coverage).
Balance Sheet
Inventory Level: CLH has a high level of physical assets or inventory.
Debt Coverage by Assets: CLH's debt is not covered by short term assets (assets are 0.8x debt).
Next Steps
Dividend
What is Clean Harbors's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate CLH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CLH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CLH's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CLH's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CLH's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Alan McKim (64yo)
40.1yrs
Tenure
US$4,946,873
Compensation
Mr. Alan S. McKim founded Clean Harbors, Inc. in 1980 and has been its Chairman and Chief Executive Officer since 1980 and President since September 2016. Mr. Mckim serves as the Chairman, Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: Alan's total compensation ($USD4.95M) is about average for companies of similar size in the US market ($USD6.27M).
Compensation vs Earnings: Alan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 40.1yrs | US$4.95m | 7.08% $342.6m | |
| Executive VP & CFO | 4.1yrs | US$2.03m | 0.070% $3.4m | |
| Chief Operating Officer | 5.1yrs | US$2.24m | 0.13% $6.1m | |
| Executive Vice President of Corporate Planning & Development | 0yrs | US$1.65m | 0.10% $5.0m | |
| Senior VP of Finance & Chief Accounting Officer | 4.1yrs | no data | 0.035% $1.7m | |
| Executive VP & Chief Information Officer | 1.3yrs | no data | 0.024% $1.2m | |
| Senior Vice President of Investor Relations | 6.8yrs | no data | no data | |
| General Counsel | 0yrs | no data | no data | |
| Executive VP & Chief Sales Officer | 2.1yrs | no data | 0.028% $1.4m | |
| Executive VP & Chief Human Resources Officer | 0yrs | no data | 0.015% $738.1k |
4.1yrs
Average Tenure
51yo
Average Age
Experienced Management: CLH's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 40.1yrs | US$4.95m | 7.08% $342.6m | |
| Lead Director | 3.7yrs | US$214.98k | 0.036% $1.7m | |
| Independent Director | 25.1yrs | US$189.98k | 0.025% $1.2m | |
| Independent Director | 21.1yrs | US$204.98k | 0.041% $2.0m | |
| Independent Director | 9.4yrs | US$201.98k | 0.038% $1.8m | |
| Independent Director | 0.2yrs | no data | 0.0015% $70.6k | |
| Independent Director | 15.7yrs | US$213.98k | 0.022% $1.1m | |
| Independent Director | 10.5yrs | US$189.98k | 0.073% $3.6m | |
| Independent Director | 3.9yrs | US$189.98k | 0.016% $792.3k | |
| Independent Director | 5.7yrs | US$201.98k | 0.021% $1.0m |
10.0yrs
Average Tenure
66yo
Average Age
Experienced Board: CLH's board of directors are considered experienced (10 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CLH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Clean Harbors, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Clean Harbors, Inc.
- Ticker: CLH
- Exchange: NYSE
- Founded: 1980
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: US$4.837b
- Shares outstanding: 55.81m
- Website: https://www.cleanharbors.com
Number of Employees
Location
- Clean Harbors, Inc.
- 42 Longwater Drive
- Norwell
- Massachusetts
- 2061
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CLH | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 1987 |
| CH6 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 1987 |
Biography
Clean Harbors, Inc. provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, which comprise collection, identification and categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste. It also provides industrial maintenance and specialty industrial services, and utilizes specialty equipment that performs field services. The Safety-Kleen segment offers specially designed parts washers; automotive and industrial cleaning products, such as degreasers, glass and floor cleaners, hand cleaners, absorbents, antifreeze, windshield washer fluid, mats, and spill kits; pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; and vacuum services to remove solids, residual oily water and sludge, and other fluids from customers' oil/water separators, sumps, and collection tanks, as well as remove and collect waste fluids found at metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants. Clean Harbors, Inc. was founded in 1980 and is based in Norwell, Massachusetts.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 23:45 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.