Clean Harbors
Clean Harbors, Inc. provides environmental, energy, and industrial services in North America. The last earnings update was 11 days ago. More info.
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CLH Share Price and Events
7 Day Returns
1 Year Returns
CLH Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Clean Harbors (CLH) | 2.1% | -0.1% | 6.6% | 23.4% | 54% | 16.9% |
| US Commercial Services | 1.8% | 2.5% | -3.9% | 15.5% | 83% | 120.2% |
| US Market | 1.6% | 2.3% | -2.2% | 12.4% | 55.2% | 105.4% |
1 Year Return vs Industry and Market
- CLH outperformed the Commercial Services industry which returned 15.5% over the past year.
- CLH outperformed the Market in United States of America which returned 12.4% over the past year.
CLH Value
Is Clean Harbors undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Clean Harbors
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Clean Harbors.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 10 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 3% |
| Equity Risk Premium | S&P Global | 7.1% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.67 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.672 (1 + (1- 21%) (43.84%)) |
0.905 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.9 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (0.905 * 7.05%) |
9.33% |
Discounted Cash Flow Calculation for NYSE:CLH using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Clean Harbors is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 187.26 | 181.90 | 175.10 | 168.55 | 162.25 |
| Source | Analyst x5 | Analyst x2 | Est @ -3.74% | Est @ -3.74% | Est @ -3.74% |
|
Present Value Discounted (@ 9.33%) |
171.28 | 152.18 | 133.99 | 117.97 | 103.87 |
| Present value of next 5 years cash flows | $679.30 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $162.25 × (1 + 2.95%) ÷ (9.33% – 2.95%) |
$2,618.32 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $2,618.32 ÷ (1 + 9.33%)5 |
$1,676.22 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $679.30 + $1,676.22 |
$2,355.52 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $2,355.52 / 56.01 |
$42.06 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $42.06 |
| Current discount | Discount to share price of
$66.13
= -1 x ($66.13 - $42.06) / $42.06 |
-57.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Clean Harbors is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Clean Harbors's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Clean Harbors's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $2.37 |
| NYSE:CLH Share Price ** | NYSE (2018-11-09) in USD | $66.13 |
| United States of America Commercial Services Industry PE Ratio | Median Figure of 54 Publicly-Listed Commercial Services Companies | 20.71x |
| United States of America Market PE Ratio | Median Figure of 2,971 Publicly-Listed Companies | 18.17x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Clean Harbors.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:CLH Share Price ÷ EPS (both in USD) = 66.13 ÷ 2.37 |
27.95x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clean Harbors is overvalued based on earnings compared to the US Commercial Services industry average.
- Clean Harbors is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Clean Harbors's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 27.95x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
14.9%per year |
| United States of America Commercial Services Industry PEG Ratio | Median Figure of 40 Publicly-Listed Commercial Services Companies | 1.32x |
| United States of America Market PEG Ratio | Median Figure of 2,086 Publicly-Listed Companies | 1.27x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 27.95x ÷ 14.9% |
1.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clean Harbors is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Clean Harbors's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $21.38 |
| NYSE:CLH Share Price * | NYSE (2018-11-09) in USD | $66.13 |
| United States of America Commercial Services Industry PB Ratio | Median Figure of 85 Publicly-Listed Commercial Services Companies | 2.18x |
| United States of America Market PB Ratio | Median Figure of 4,972 Publicly-Listed Companies | 1.88x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:CLH Share Price ÷ Book Value per Share (both in USD) = 66.13 ÷ 21.38 |
3.09x |
* Primary Listing of Clean Harbors.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Clean Harbors is overvalued based on assets compared to the US Commercial Services industry average.
Value checks
We assess Clean Harbors's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check) Clean Harbors has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
CLH Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Clean Harbors's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
- Clean Harbors's earnings growth is expected to exceed the United States of America market average.
- Clean Harbors's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:CLH Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts | 14.9% |
| NYSE:CLH Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | 3.7% |
| United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 14.8% |
| United States of America Commercial Services Industry Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.4% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 3,747 | 1 | ||
| 2021-12-31 | 3,612 | 1 | ||
| 2020-12-31 | 3,550 | 410 | 100 | 7 |
| 2019-12-31 | 3,431 | 381 | 84 | 10 |
| 2018-12-31 | 3,268 | 348 | 58 | 10 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 3,190 | 311 | 133 |
| 2018-06-30 | 3,102 | 298 | 114 |
| 2018-03-31 | 3,006 | 280 | 110 |
| 2017-12-31 | 2,945 | 286 | 101 |
| 2017-09-30 | 2,890 | 302 | 4 |
| 2017-06-30 | 2,863 | 257 | -18 |
| 2017-03-31 | 2,808 | 277 | -40 |
| 2016-12-31 | 2,755 | 260 | -40 |
| 2016-09-30 | 2,776 | 266 | -27 |
| 2016-06-30 | 2,940 | 323 | 24 |
| 2016-03-31 | 3,179 | 351 | 30 |
| 2015-12-31 | 3,275 | 396 | 44 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
All data from Clean Harbors Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 1.79 | 2.00 | 1.65 | 3.00 |
| 2019-12-31 | 1.51 | 1.55 | 1.38 | 7.00 |
| 2018-12-31 | 1.04 | 1.17 | 0.94 | 7.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 2.37 |
| 2018-06-30 | 2.02 |
| 2018-03-31 | 1.93 |
| 2017-12-31 | 1.77 |
| 2017-09-30 | 0.07 |
| 2017-06-30 | -0.32 |
| 2017-03-31 | -0.70 |
| 2016-12-31 | -0.69 |
| 2016-09-30 | -0.46 |
| 2016-06-30 | 0.41 |
| 2016-03-31 | 0.52 |
| 2015-12-31 | 0.76 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Clean Harbors's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Clean Harbors has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
CLH Past Performance
How has Clean Harbors performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Clean Harbors's year on year earnings growth rate has been positive over the past 5 years.
- Clean Harbors's 1-year earnings growth exceeds its 5-year average (3381.2% vs 3.6%)
- Clean Harbors's earnings growth has exceeded the US Commercial Services industry average in the past year (3381.2% vs 20.8%).
Earnings and Revenue History
All data from Clean Harbors Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 3,189.50 | 133.40 | 475.08 | |
| 2018-06-30 | 3,102.17 | 114.37 | 467.42 | |
| 2018-03-31 | 3,005.82 | 109.50 | 454.12 | |
| 2017-12-31 | 2,944.98 | 100.74 | 451.75 | |
| 2017-09-30 | 2,889.69 | 3.83 | 435.58 | |
| 2017-06-30 | 2,863.36 | -18.48 | 433.28 | |
| 2017-03-31 | 2,808.08 | -40.40 | 428.05 | |
| 2016-12-31 | 2,755.23 | -39.87 | 420.32 | |
| 2016-09-30 | 2,776.16 | -26.59 | 415.02 | |
| 2016-06-30 | 2,940.00 | 23.89 | 397.58 | |
| 2016-03-31 | 3,178.72 | 30.32 | 410.93 | |
| 2015-12-31 | 3,275.14 | 44.10 | 414.16 | |
| 2015-09-30 | 3,407.12 | 70.91 | 425.17 | |
| 2015-06-30 | 3,365.22 | -62.65 | 431.36 | |
| 2015-03-31 | 3,287.47 | -44.38 | 426.67 | |
| 2014-12-31 | 3,401.64 | -28.33 | 437.92 | |
| 2014-09-30 | 3,436.04 | -28.90 | 436.63 | |
| 2014-06-30 | 3,492.11 | 99.79 | 451.39 | |
| 2014-03-31 | 3,494.16 | 94.02 | 458.27 | |
| 2013-12-31 | 3,509.66 | 95.57 | 470.48 | |
| 2013-09-30 | 3,189.19 | 130.64 | 434.47 | |
| 2013-06-30 | 2,815.46 | 107.64 | 380.35 | |
| 2013-03-31 | 2,478.05 | 108.16 | 324.53 | |
| 2012-12-31 | 2,187.91 | 129.67 | 266.82 | |
| 2012-09-30 | 2,174.83 | 106.03 | 271.78 | |
| 2012-06-30 | 2,197.08 | 130.81 | 277.14 | |
| 2012-03-31 | 2,121.20 | 136.54 | 268.60 | |
| 2011-12-31 | 1,984.14 | 127.25 | 252.64 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Clean Harbors has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Clean Harbors used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
- Clean Harbors's use of capital has not improved over the past 3 years (Return on Capital Employed).
Past performance checks
We assess Clean Harbors's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Clean Harbors has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
CLH Health
How is Clean Harbors's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Clean Harbors's finances.
The net worth of a company is the difference between its assets and liabilities.
- Clean Harbors is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Clean Harbors's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Clean Harbors Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 1,197.32 | 1,623.69 | 252.88 |
| 2018-06-30 | 1,161.05 | 1,628.73 | 233.93 |
| 2018-03-31 | 1,145.53 | 1,629.26 | 224.14 |
| 2017-12-31 | 1,188.20 | 1,629.54 | 357.58 |
| 2017-09-30 | 1,128.35 | 1,629.97 | 361.66 |
| 2017-06-30 | 1,100.94 | 1,734.30 | 446.37 |
| 2017-03-31 | 1,063.63 | 1,633.97 | 297.37 |
| 2016-12-31 | 1,084.24 | 1,633.27 | 307.00 |
| 2016-09-30 | 1,100.95 | 1,632.58 | 257.86 |
| 2016-06-30 | 1,116.34 | 1,631.88 | 352.92 |
| 2016-03-31 | 1,116.57 | 1,631.60 | 355.35 |
| 2015-12-31 | 1,096.28 | 1,382.54 | 184.71 |
| 2015-09-30 | 1,122.72 | 1,395.01 | 179.19 |
| 2015-06-30 | 1,173.44 | 1,395.05 | 173.62 |
| 2015-03-31 | 1,162.85 | 1,395.12 | 233.74 |
| 2014-12-31 | 1,262.87 | 1,380.68 | 246.88 |
| 2014-09-30 | 1,320.55 | 1,396.00 | 258.02 |
| 2014-06-30 | 1,498.72 | 1,396.54 | 278.64 |
| 2014-03-31 | 1,445.64 | 1,402.03 | 249.22 |
| 2013-12-31 | 1,475.64 | 1,402.76 | 322.51 |
| 2013-09-30 | 1,476.12 | 1,403.64 | 260.42 |
| 2013-06-30 | 1,414.72 | 1,405.06 | 273.82 |
| 2013-03-31 | 1,423.47 | 1,406.47 | 233.01 |
| 2012-12-31 | 1,432.07 | 1,407.97 | 241.61 |
| 2012-09-30 | 1,006.76 | 809.41 | 534.73 |
| 2012-06-30 | 960.90 | 534.29 | 306.46 |
| 2012-03-31 | 951.28 | 536.60 | 246.52 |
| 2011-12-31 | 900.99 | 538.89 | 260.83 |
- Clean Harbors's level of debt (135.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (95.1% vs 135.6% today).
- Debt is not well covered by operating cash flow (19.2%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Clean Harbors's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Clean Harbors has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
CLH Dividends
What is Clean Harbors's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Clean Harbors
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Clean Harbors's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Clean Harbors's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| United States of America Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 43 Stocks | 1.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1977 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 0.00 | 3.00 |
| 2019-12-31 | 0.00 | 3.00 |
| 2018-12-31 | 0.00 | 3.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Clean Harbors has not reported any payouts.
- Unable to verify if Clean Harbors's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Clean Harbors's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Clean Harbors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Clean Harbors has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
CLH Management
CEO
| COMPENSATION | $3,037,020 |
| AGE | 63 |
| TENURE AS CEO | 38.8 years |
CEO Bio
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 Officer and President at Clean Harbors Environmental Services Inc. He is the Chairman of Clean Harbors Inc, Chief Executive Officer of Clean Harbors Inc and President of Clean Harbors Inc at Clean Harbors Industrial Services Canada, Inc. Mr. Mckim served as the President of Clean Harbors Inc. since 1980. He serves as a Director of Clean Harbors Environmental Services Inc. He serves as a Member of the Board of Trustees at Northeastern University. He serves as a director of most of the Clean Harbors' subsidiaries. Mr. McKim holds an MBA from Ohio Northeastern University and holds an honorary doctorate from the Massachusetts Maritime Academy. Mr. McKim holds an MBA from Northeastern University's D'Amore - McKim School of Business.
CEO Compensation
- Alan's compensation has increased by more than 20% in the past year.
- Alan's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Clean Harbors management team in years:
- The tenure for the Clean Harbors management team is about average.
Management Team
Alan McKim
Founder
$3M
63
38.8 yrs
Mike Battles
Executive VP & CFO
$2M
50
2.8 yrs
Eric Gerstenberg
Chief Operating Officer
$2M
49
3.8 yrs
Brian Weber
Executive Vice President of Corporate Planning & Development
$2M
50
David Vergo
President of Safety-Kleen
$2M
48
2.1 yrs
Eric Dugas
Chief Accounting Officer
39
2.8 yrs
Sharon Gabriel
Executive VP & Chief Information Officer
0.1 yrs
Jim Buckley
Senior Vice President of Investor Relations
5.6 yrs
Michael McDonald
General Counsel
52
Robby Speights
Executive VP & Chief Sales Officer
0.8 yrs
Board of Directors Tenure
Average tenure and age of the Clean Harbors board of directors in years:
- The tenure for the Clean Harbors board of directors is about average.
Board of Directors
Tom Shields
Independent Director
$205K
71
19.8 yrs
Alan McKim
Founder
$3M
63
38.8 yrs
Andrea Robertson
Independent Director
$214K
61
14.4 yrs
Edward Galante
Independent Director
$202K
67
8.2 yrs
John Welch
Director
$196K
61
4.4 yrs
Gene Banucci
Lead Director
$215K
74
2.4 yrs
John Preston
Independent Director
$190K
68
23.8 yrs
Rod Marlin
Independent Director
$190K
70
9.3 yrs
Lauren States
Independent Director
$190K
61
2.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Start | End | Shares | Max Price ($) | Value ($) |
|---|---|---|---|---|---|---|---|---|
| 09. Nov 18 | Sell | Michael Battles | Individual | 09. Nov 18 | 09. Nov 18 | -2,000 | $65.20 | $-130,400.00 |
| 07. Nov 18 | Sell | Alan McKim | Individual | 05. Nov 18 | 06. Nov 18 | -50,000 | $64.26 | $-3,208,325.02 |
| 01. Nov 18 | Sell | Andrea Robertson | Individual | 01. Nov 18 | 01. Nov 18 | -1,500 | $68.31 | $-102,465.00 |
| 24. Sep 18 | Sell | Brian Weber | Individual | 24. Sep 18 | 24. Sep 18 | -1,304 | $69.83 | $-91,058.32 |
| 07. Sep 18 | Sell | Michael Twohig | Individual | 06. Sep 18 | 06. Sep 18 | -4,211 | $69.65 | $-293,296.15 |
| 07. Sep 18 | Sell | Eric Kraus | Individual | 06. Sep 18 | 06. Sep 18 | -1,100 | $69.65 | $-76,615.00 |
| 07. Sep 18 | Sell | Grace Elizabeth Cowan | Individual | 06. Sep 18 | 06. Sep 18 | -424 | $70.62 | $-29,942.88 |
| 04. Sep 18 | Sell | David Parry | Individual | 31. Aug 18 | 31. Aug 18 | -4,579 | $68.76 | $-314,852.04 |
| 04. Sep 18 | Sell | Michael Battles | Individual | 04. Sep 18 | 04. Sep 18 | -6,000 | $69.46 | $-416,760.00 |
| 08. Aug 18 | Sell | David Parry | Individual | 07. Aug 18 | 07. Aug 18 | -3,026 | $61.93 | $-187,400.18 |
| 07. Aug 18 | Sell | David Vergo | Individual | 06. Aug 18 | 06. Aug 18 | -2,384 | $62.22 | $-148,332.48 |
| 03. Aug 18 | Sell | Andrea Robertson | Individual | 02. Aug 18 | 02. Aug 18 | -2,000 | $63.62 | $-127,240.00 |
| 25. Jun 18 | Sell | Eric Gerstenberg | Individual | 25. Jun 18 | 25. Jun 18 | -8,000 | $55.19 | $-441,520.00 |
| 06. Jun 18 | Sell | Michael Twohig | Individual | 05. Jun 18 | 05. Jun 18 | -2,836 | $53.43 | $-151,527.48 |
| 04. Jun 18 | Sell | Mark Bouldin | Individual | 04. Jun 18 | 04. Jun 18 | -433 | $53.25 | $-23,057.25 |
| 25. May 18 | Sell | Eric Dugas | Individual | 24. May 18 | 24. May 18 | -900 | $52.76 | $-47,484.00 |
| 16. May 18 | Sell | Alan McKim | Individual | 14. May 18 | 14. May 18 | -100,000 | $52.11 | $-5,211,000.00 |
| 08. May 18 | Sell | Mark Bouldin | Individual | 07. May 18 | 07. May 18 | -2,519 | $51.40 | $-129,476.60 |
| 22. Mar 18 | Sell | Alan McKim | Individual | 21. Mar 18 | 22. Mar 18 | -42,666 | $51.49 | $-2,195,000.34 |
| 08. Mar 18 | Sell | John Preston | Individual | 06. Mar 18 | 06. Mar 18 | -5,000 | $50.93 | $-254,650.00 |
| 07. Mar 18 | Sell | Mark Bouldin | Individual | 02. Mar 18 | 02. Mar 18 | -703 | $47.62 | $-33,476.86 |
| 28. Dec 17 | Sell | Eric Gerstenberg | Individual | 27. Dec 17 | 27. Dec 17 | -7,150 | $52.77 | $-377,305.50 |
| 28. Dec 17 | Sell | Brian Weber | Individual | 28. Dec 17 | 28. Dec 17 | -1,870 | $53.00 | $-99,110.00 |
| 27. Dec 17 | Sell | Eric Gerstenberg | Individual | 26. Dec 17 | 26. Dec 17 | -5,143 | $53.04 | $-272,784.72 |
| 21. Dec 17 | Sell | Mark Bouldin | Individual | 20. Dec 17 | 20. Dec 17 | -325 | $52.62 | $-17,101.50 |
| 04. Dec 17 | Sell | Eric Dugas | Individual | 01. Dec 17 | 01. Dec 17 | -1,139 | $53.26 | $-60,663.14 |
| 13. Nov 17 | Sell | David Vergo | Individual | 09. Nov 17 | 09. Nov 17 | -1,097 | $54.00 | $-59,238.00 |
Management checks
We assess Clean Harbors's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Clean Harbors has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
CLH News
External News
Simply Wall St News
Should You Be Tempted To Sell Clean Harbors Inc (NYSE:CLH) At Its Current PE Ratio?
This analysis is intended to introduce important early concepts to people who are starting to invest. … Although some investors may see this as unappealing, it is important to understand the assumptions behind the P/E ratio before making judgments. … See our latest analysis for Clean Harbors
Simply Wall St - – Full articleShould Clean Harbors Inc's (NYSE:CLH) Recent Earnings Worry You?
Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. … Below, I will assess Clean Harbors Inc's (NYSE:CLH) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … Check out our latest analysis for Clean Harbors
Simply Wall St - – Full articleWhat Should Investors Know About Clean Harbors Inc's (NYSE:CLH) Return On Capital?
and looking to gauge the potential return on investment in Clean Harbors Inc (NYSE:CLH). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Clean Harbors’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleDoes Clean Harbors Inc's (NYSE:CLH) Debt Level Pose A Problem?
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Clean Harbors Inc (NYSE:CLH), with a market capitalization of US$3.20b, rarely draw their attention from the investing community. … Today we will look at CLH’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.
Simply Wall St - – Full articleIs It Time To Sell Clean Harbors Inc (NYSE:CLH) Based Off Its PE Ratio?
But should this larger multiple be the final verdict of CLH’s overvaluation. … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … Below, I will lay out some important considerations to help determine which multiple best suits
Simply Wall St - – Full articleWhat You Must Know About Clean Harbors Inc's (NYSE:CLH) Financial Strength
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Clean Harbors Inc (NYSE:CLH), with a market cap of US$3.00b, often get neglected by retail investors. … Let’s take a look at CLH’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.
Simply Wall St - – Full articleClean Harbors Inc (NYSE:CLH): What Is Driving Margins?
As analysts expect … Clean Harbors Inc (NYSE:CLH) to … earnings growth of 21.43% annualised
Simply Wall St - – Full articleShould You Be Tempted To Sell Clean Harbors Inc (NYSE:CLH) At Its Current PE Ratio?
It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CLH Price per share = $53.66 Earnings per share = $1.925 ∴ Price-Earnings Ratio = $53.66 ÷ $1.925 = 27.9x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … CLH’s P/E of 27.9x is higher than its industry peers (18.5x), which implies that each dollar of CLH’s earnings is being overvalued by investors.
Simply Wall St - – Full articleClean Harbors Inc (NYSE:CLH): Time For A Financial Health Check
On top of this, CLH has generated cash from operations of US$285.70M during the same period of time, resulting in an operating cash to total debt ratio of 17.53%, meaning that CLH’s operating cash is not sufficient to cover its debt. … Looking at CLH’s most recent US$503.82M liabilities, it appears that the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 2.29x. … Next Steps: At its current level of cash flow coverage, CLH has room for improvement to better cushion for events which may require debt repayment.
Simply Wall St - – Full articleEstimating The Fair Value Of Clean Harbors Inc (NYSE:CLH)
Using the most recent financial data, I am going to take a look at whether the stock is fairly priced by estimating the company's future cash flows and discounting them to their present value. … 5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $142.63 $172.19 $189.00 $208.00 $228.00 Source Analyst x3 Analyst x4 Analyst x1 Analyst x1 Analyst x1 Present Value Discounted @ 9.93% $129.75 $142.49 $142.28 $142.44 $142.04 Present Value of 5-year Cash Flow (PVCF)= $699 After calculating the present value of future cash flows in the intial 5-year period we need to calculate the Terminal Value, which accounts for all the future cash flows beyond the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $228 × (1 + 2.5%) ÷ (9.9% – 2.5%) = $3,133 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $3,133 / ( 1 + 9.9%)5 = $1,952 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is $2,651.
Simply Wall St - – Full articleCLH Company Info
Map
Description
Clean Harbors, Inc. provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company’s Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities. Its Industrial and Field Services segment offers industrial and specialty services, such as high-pressure and chemical cleaning, daylighting, production servicing, decoking, pigging, and material processing to refineries, chemical plants, oil sands facilities, pulp and paper mills, and other industrial facilities. This segment also provides environmental cleanup services consisting of tank cleaning, decontamination, remediation, and spill cleanup. The company’s Safety-Kleen segment offers parts cleaning, containerized waste, used oil collection, and vacuum services, as well as other environmental services and products, such as degreasers, glass and floor cleaners, hand cleaners, absorbents, windshield washer fluids, mats, and spill kits. This segment also manufactures, formulates, packages, blends, distributes, and markets lubricants. Its Oil, Gas and Lodging Services segment provides surface rental, seismic support, and directional boring services to the energy sector serving oil and gas exploration, and power generation. This segment also offers lodges and remote workforce accommodation facilities, including open lodges, as well as operator and drill camps in Western Canada; and manufactures modular units and wastewater processing plants. The company operates through a network of approximately 465 service locations in 49 states, 9 Canadian provinces, Puerto Rico, and Mexico. Clean Harbors, Inc. was founded in 1980 and is based in Norwell, Massachusetts.
Details
| Name: | Clean Harbors, Inc. |
| CLH | |
| Exchange: | NYSE |
| Founded: | 1980 |
| $3,703,642,789 | |
| 56,005,486 | |
| Website: | http://www.cleanharbors.com |
| Address: |
Clean Harbors, Inc. 42 Longwater Drive, Norwell, Massachusetts, 02061, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | CLH | Common Stock | New York Stock Exchange | US | USD | 24. Nov 1987 | |
| DB | CH6 | Common Stock | Deutsche Boerse AG | DE | EUR | 24. Nov 1987 |
Number of employees
Current staff
Industry
| Environmental and Facilities Services | |
| Commercial Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2018/11/11 21:04 |
| End of day share price update: | 2018/11/09 00:00 |
| Last estimates confirmation: | 2018/11/07 |
| Last earnings filing: | 2018/10/31 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
