Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. More Details
Moderate growth potential second-rate dividend payer.
Share Price & News
How has Covanta Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CVA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: CVA's weekly volatility (8%) has been stable over the past year.
7 Day Return
US Commercial Services
1 Year Return
US Commercial Services
Return vs Industry: CVA underperformed the US Commercial Services industry which returned 12.4% over the past year.
Return vs Market: CVA underperformed the US Market which returned 20.9% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Covanta Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StWhat Are The Total Returns Earned By Shareholders Of Covanta Holding (NYSE:CVA) On Their Investment?
2 weeks ago | Simply Wall StThe Trends At Covanta Holding (NYSE:CVA) That You Should Know About
1 month ago | Simply Wall StDoes Covanta Holding's (NYSE:CVA) CEO Salary Compare Well With The Performance Of The Company?
Is Covanta Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVA ($12.7) is trading below our estimate of fair value ($13.33)
Significantly Below Fair Value: CVA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CVA is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.
PE vs Market: CVA is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CVA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CVA is overvalued based on its PB Ratio (5.9x) compared to the US Commercial Services industry average (1.8x).
How is Covanta Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: CVA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CVA's is expected to become profitable in the next 3 years.
Revenue vs Market: CVA's revenue (2.1% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: CVA's revenue (2.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVA's Return on Equity is forecast to be low in 3 years time (4%).
How has Covanta Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVA is currently unprofitable.
Growing Profit Margin: CVA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CVA is unprofitable, and losses have increased over the past 5 years at a rate of 6.9% per year.
Accelerating Growth: Unable to compare CVA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CVA is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-5.9%).
Return on Equity
High ROE: CVA has a negative Return on Equity (-9.86%), as it is currently unprofitable.
How is Covanta Holding's financial position?
Financial Position Analysis
Short Term Liabilities: CVA's short term assets ($386.0M) exceed its short term liabilities ($347.0M).
Long Term Liabilities: CVA's short term assets ($386.0M) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: CVA's debt to equity ratio (874.6%) is considered high.
Reducing Debt: CVA's debt to equity ratio has increased from 378.3% to 874.6% over the past 5 years.
Debt Coverage: CVA's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: CVA is unprofitable, therefore interest payments are not well covered by earnings.
What is Covanta Holding current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CVA's dividend (2.52%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: CVA's dividend (2.52%) is low compared to the top 25% of dividend payers in the US market (4.08%).
Stability and Growth of Payments
Stable Dividend: CVA's dividends per share have been stable in the past 10 years.
Growing Dividend: CVA's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: CVA is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: CVA's dividends in 3 years are not forecast to be well covered by earnings (317.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Ranger (62 yo)
Mr. Michael William Ranger, also known as Mike, serves as the President, Chief Executive Officer and Director at Covanta Holding Corporation since October 2020. He co-founded Diamond Castle Holdings, LLC i...
|Executive VP & CFO||7yrs||US$1.72m||0.11% |
|Executive VP & COO||0.083yr||US$1.56m||0.13% |
|Executive VP & Chief Administrative Officer||0.83yr||US$1.45m||0.10% |
|Chief Accounting Officer & VP||0.58yr||no data||0.014% |
|Vice President of Investor Relations||no data||no data||no data|
|Executive VP||0.67yr||no data||0.031% |
|Executive VP & Head of Corporate Development||8.67yrs||US$1.21m||0.089% |
|Senior VP & Chief Human Resources Officer||2.58yrs||no data||0.035% |
|Senior VP & Chief Sustainability Officer||12.83yrs||no data||no data|
|Senior VP & President of Covanta Environmental Solutions||4.92yrs||no data||0.047% |
Experienced Management: CVA's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|Independent Director||24.5yrs||US$201.25k||0.075% |
|Independent Director||16.33yrs||US$191.25k||0.057% |
|Independent Lead Director||no data||US$242.50k||0.091% |
|Independent Director||16.92yrs||US$201.25k||0.087% |
|Independent Chairman of the Board||15.17yrs||US$600.01k||0.12% |
|Independent Director||11.5yrs||US$201.25k||0.080% |
|Independent Director||12.92yrs||US$191.25k||0.026% |
|Independent Director||16.08yrs||US$191.25k||0.010% |
|Independent Director||2.17yrs||US$191.25k||no data|
|Independent Director||4.17yrs||US$191.25k||no data|
Experienced Board: CVA's board of directors are seasoned and experienced ( 14 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CVA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Covanta Holding Corporation's company bio, employee growth, exchange listings and data sources
- Name: Covanta Holding Corporation
- Ticker: CVA
- Exchange: NYSE
- Founded: 1992
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: US$1.673b
- Shares outstanding: 131.74m
- Website: https://www.covanta.com
Number of Employees
- Covanta Holding Corporation
- 445 South Street
- New Jersey
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CVA||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Dec 1990|
|C3K||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 1990|
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. It owns and operates infrastructure for the conver...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/29 23:52|
|End of Day Share Price||2020/11/27 00:00|
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.