Clean Harbors (NYSE:CLH) - Share price, News & Analysis

CLH fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	5/6
Financial Health	2/6
Dividends	0/6

CLH Stock Overview

Clean Harbors, Inc. provides environmental and industrial services in North America.

Rewards

Trading at 36.8% below our estimate of its fair value

Earnings are forecast to grow 8.47% per year

Earnings grew by 56.4% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Significant insider selling over the past 3 months

Clean Harbors Competitors

Waste Management

NYSE:WM

US$64.8b

Waste Connections

NYSE:WCN

US$32.2b

Stericycle

NasdaqGS:SRCL

US$4.5b

Casella Waste Systems

NasdaqGS:CWST

US$3.6b

Price History & Performance

Summary of all time highs, changes and price drops for Clean Harbors
Historical stock prices
Current Share Price	US$88.72
52 Week High	US$118.89
52 Week Low	US$85.67
Beta	1.58
1 Month Change	-15.01%
3 Month Change	-2.74%
1 Year Change	-4.75%
3 Year Change	38.54%
5 Year Change	51.89%
Change since IPO	1,513.09%

Recent News & Updates

May 20

Is There An Opportunity With Clean Harbors, Inc.'s (NYSE:CLH) 36% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Clean Harbors, Inc. ( NYSE:CLH ) by taking the...

Apr 07

Is Clean Harbors, Inc. (NYSE:CLH) Potentially Undervalued?

While Clean Harbors, Inc. ( NYSE:CLH ) might not be the most widely known stock at the moment, it saw a significant...

Shareholder Returns

	CLH	US Commercial Services	US Market
7D	-0.03%	2.1%	1.0%
1Y	-4.7%	-4.7%	-15.1%

Return vs Industry: CLH matched the US Commercial Services industry which returned -4.7% over the past year.

Return vs Market: CLH exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is CLH's price volatile compared to industry and market?
CLH volatility
CLH Average Weekly Movement	4.6%
Commercial Services Industry Average Movement	7.4%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: CLH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CLH's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1980	18,300	Alan McKim	https://www.cleanharbors.com

Clean Harbors, Inc. provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

Clean Harbors Fundamentals Summary

How do Clean Harbors's earnings and revenue compare to its market cap?
CLH fundamental statistics
Market Cap	US$4.83b
Earnings (TTM)	US$226.83m
Revenue (TTM)	US$4.17b

21.3x

P/E Ratio

1.2x

P/S Ratio

Is CLH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLH income statement (TTM)
Revenue	US$4.17b
Cost of Revenue	US$2.90b
Gross Profit	US$1.26b
Other Expenses	US$1.04b
Earnings	US$226.83m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	4.17
Gross Margin	30.35%
Net Profit Margin	5.44%
Debt/Equity Ratio	159.0%

How did CLH perform over the long term?

See historical performance and comparison

Valuation

Is Clean Harbors undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

36.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CLH ($88.72) is trading below our estimate of fair value ($140.41)

Significantly Below Fair Value: CLH is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: CLH is good value based on its Price-To-Earnings Ratio (21.3x) compared to the US Commercial Services industry average (21.8x).

PE vs Market: CLH is poor value based on its Price-To-Earnings Ratio (21.3x) compared to the US market (14.9x).

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 Price-To-Book Ratio (3x) compared to the US Commercial Services industry average (1.7x).

Future Growth

How is Clean Harbors forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

8.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLH's forecast earnings growth (8.5% per year) is above the savings rate (1.9%).

Earnings vs Market: CLH's earnings (8.5% per year) are forecast to grow slower than the US market (12.1% per year).

High Growth Earnings: CLH's earnings are forecast to grow, but not significantly.

Revenue vs Market: CLH's revenue (3.5% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: CLH's revenue (3.5% 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 (14.4%).

Past Performance

How has Clean Harbors performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

33.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CLH has high quality earnings.

Growing Profit Margin: CLH's current net profit margins (5.4%) are higher than last year (4.7%).

Past Earnings Growth Analysis

Earnings Trend: CLH has become profitable over the past 5 years, growing earnings by 33.4% per year.

Accelerating Growth: CLH's earnings growth over the past year (56.4%) exceeds its 5-year average (33.4% per year).

Earnings vs Industry: CLH earnings growth over the past year (56.4%) exceeded the Commercial Services industry 30.2%.

Return on Equity

High ROE: CLH's Return on Equity (14.2%) is considered low.

Financial Health

How is Clean Harbors's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CLH's short term assets ($1.8B) exceed its short term liabilities ($914.1M).

Long Term Liabilities: CLH's short term assets ($1.8B) do not cover its long term liabilities ($3.2B).

Debt to Equity History and Analysis

Debt Level: CLH's net debt to equity ratio (132.9%) is considered high.

Reducing Debt: CLH's debt to equity ratio has increased from 151.9% to 159% over the past 5 years.

Debt Coverage: CLH's debt is not well covered by operating cash flow (16%).

Interest Coverage: CLH's interest payments on its debt are well covered by EBIT (4.3x coverage).

Balance Sheet

Dividend

What is Clean Harbors's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CLH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CLH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent 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.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CLH has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure

CEO

Alan McKim (66 yo)

42.33yrs

Tenure

US$5,612,724

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 ($USD5.61M) is below average for companies of similar size in the US market ($USD8.23M).

Compensation vs Earnings: Alan's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: CLH's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Experienced Board: CLH's board of directors are seasoned and experienced ( 13 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: CLH insiders have sold more shares than they have bought in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/25 00:00
End of Day Share Price	2022/05/25 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31