Republic Services
Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The last earnings update was 74 days ago. More info.
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RSG Share Price and Events
7 Day Returns
1 Year Returns
RSG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Republic Services (RSG) | 1% | 0.8% | 4.3% | 22.6% | 72.5% | 127.6% |
| US Commercial Services | 0.3% | 5.8% | 9.5% | 11.8% | 54.7% | 77.7% |
| US Market | -0.1% | 3.7% | 10.2% | 7.6% | 38.1% | 46.4% |
1 Year Return vs Industry and Market
- RSG outperformed the Commercial Services industry which returned 11.8% over the past year.
- RSG outperformed the Market in United States of America which returned 7.6% over the past year.
RSG Value
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
Republic Services
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 Republic Services.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 11 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.4% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
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 | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Commercial Services Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 21%) (32.58%)) |
0.948 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.95 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.948 * 5.96%) |
8.38% |
Discounted Cash Flow Calculation for NYSE:RSG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Republic Services is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.38%) |
|
|---|---|---|---|
| 2019 | 1,148.55 | Analyst x6 | 1,059.77 |
| 2020 | 1,249.06 | Analyst x5 | 1,063.42 |
| 2021 | 1,301.00 | Analyst x1 | 1,022.02 |
| 2022 | 1,393.00 | Analyst x1 | 1,009.71 |
| 2023 | 1,488.00 | Analyst x1 | 995.20 |
| 2024 | 1,562.28 | Est @ 4.99% | 964.11 |
| 2025 | 1,629.66 | Est @ 4.31% | 927.95 |
| 2026 | 1,692.21 | Est @ 3.84% | 889.09 |
| 2027 | 1,751.53 | Est @ 3.51% | 849.12 |
| 2028 | 1,808.86 | Est @ 3.27% | 809.13 |
| Present value of next 10 years cash flows | $9,589.52 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,808.86 × (1 + 2.73%) ÷ (8.38% – 2.73%) |
$32,904.40 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $32,904.40 ÷ (1 + 8.38%)10 |
$14,718.60 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $9,589.52 + $14,718.60 |
$24,308.12 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $24,308.12 / 321.68 |
$75.57 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $75.57 |
| Current discount | Discount to share price of
$79.56
= -1 x ($79.56 - $75.57) / $75.57 |
-5.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Republic Services 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 Republic Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Republic Services'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 (2018-12-31) in USD | $3.17 |
| NYSE:RSG Share Price ** | NYSE (2019-04-23) in USD | $79.56 |
| United States of America Commercial Services Industry PE Ratio | Median Figure of 51 Publicly-Listed Commercial Services Companies | 21.49x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 18.03x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Republic Services.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:RSG Share Price ÷ EPS (both in USD) = 79.56 ÷ 3.17 |
25.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Republic Services is overvalued based on earnings compared to the US Commercial Services industry average.
- Republic Services is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Republic Services's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 25.08x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
4%per year |
| United States of America Commercial Services Industry PEG Ratio | Median Figure of 34 Publicly-Listed Commercial Services Companies | 1.62x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.55x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 25.08x ÷ 4% |
6.22x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Republic Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Republic Services's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $24.58 |
| NYSE:RSG Share Price * | NYSE (2019-04-23) in USD | $79.56 |
| United States of America Commercial Services Industry PB Ratio | Median Figure of 87 Publicly-Listed Commercial Services Companies | 2.23x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:RSG Share Price ÷ Book Value per Share (both in USD) = 79.56 ÷ 24.58 |
3.24x |
* Primary Listing of Republic Services.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Republic Services is overvalued based on assets compared to the US Commercial Services industry average.
Value checks
We assess Republic Services'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) Republic Services 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.
RSG 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
- Republic Services's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Republic Services's earnings growth is positive but not above the United States of America market average.
- Republic Services'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:RSG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | 4% |
| NYSE:RSG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | 4% |
| United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| 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 | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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 (3 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 12,214 | 1 | ||
| 2022-12-31 | 11,744 | 1 | ||
| 2021-12-31 | 11,409 | 1,205 | 4 | |
| 2020-12-31 | 10,923 | 2,402 | 1,113 | 10 |
| 2019-12-31 | 10,480 | 2,312 | 1,026 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 10,041 | 2,243 | 1,037 |
| 2018-09-30 | 10,071 | 2,276 | 1,400 |
| 2018-06-30 | 10,067 | 2,223 | 1,360 |
| 2018-03-31 | 10,076 | 2,048 | 1,328 |
| 2017-12-31 | 10,042 | 1,911 | 1,278 |
| 2017-09-30 | 9,861 | 1,870 | 804 |
| 2017-06-30 | 9,708 | 1,883 | 666 |
| 2017-03-31 | 9,532 | 1,861 | 644 |
| 2016-12-31 | 9,388 | 1,848 | 613 |
| 2016-09-30 | 9,299 | 1,715 | 595 |
| 2016-06-30 | 9,233 | 1,623 | 725 |
| 2016-03-31 | 9,194 | 1,615 | 734 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
All data from Republic Services Company Filings, last reported 3 months 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 |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 4.02 | 4.02 | 4.02 | 1.00 |
| 2020-12-31 | 3.59 | 3.70 | 3.55 | 7.00 |
| 2019-12-31 | 3.23 | 3.27 | 3.14 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.17 |
| 2018-09-30 | 4.25 |
| 2018-06-30 | 4.10 |
| 2018-03-31 | 3.97 |
| 2017-12-31 | 3.79 |
| 2017-09-30 | 2.37 |
| 2017-06-30 | 1.96 |
| 2017-03-31 | 1.88 |
| 2016-12-31 | 1.79 |
| 2016-09-30 | 1.73 |
| 2016-06-30 | 2.09 |
| 2016-03-31 | 2.11 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Republic Services'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)
Republic Services has a total score of 1/6, 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.
RSG Past Performance
How has Republic Services 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
- Republic Services's year on year earnings growth rate has been positive over the past 5 years.
- Republic Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Republic Services's 1-year earnings growth is negative, it can't be compared to the US Commercial Services industry average.
Earnings and Revenue History
All data from Republic Services Company Filings, last reported 3 months 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 |
|---|---|---|---|---|
| 2018-12-31 | 10,040.90 | 1,036.90 | 1,059.50 | |
| 2018-09-30 | 10,070.90 | 1,400.40 | 1,049.20 | |
| 2018-06-30 | 10,067.20 | 1,360.30 | 1,055.00 | |
| 2018-03-31 | 10,076.20 | 1,328.30 | 1,065.10 | |
| 2017-12-31 | 10,041.50 | 1,278.40 | 1,057.40 | |
| 2017-09-30 | 9,860.70 | 803.50 | 1,032.90 | |
| 2017-06-30 | 9,708.00 | 665.90 | 1,001.50 | |
| 2017-03-31 | 9,531.90 | 643.70 | 982.10 | |
| 2016-12-31 | 9,387.70 | 612.60 | 969.80 | |
| 2016-09-30 | 9,298.70 | 595.30 | 983.70 | |
| 2016-06-30 | 9,233.40 | 724.60 | 992.40 | |
| 2016-03-31 | 9,194.20 | 734.20 | 985.10 | |
| 2015-12-31 | 9,115.00 | 749.90 | 983.10 | |
| 2015-09-30 | 9,053.90 | 628.00 | 955.90 | |
| 2015-06-30 | 8,977.80 | 598.80 | 940.90 | |
| 2015-03-31 | 8,895.50 | 587.50 | 925.60 | |
| 2014-12-31 | 8,803.30 | 547.60 | 918.90 | |
| 2014-09-30 | 8,715.70 | 733.90 | 843.70 | |
| 2014-06-30 | 8,613.20 | 719.50 | 840.40 | |
| 2014-03-31 | 8,495.80 | 596.80 | 831.50 | |
| 2013-12-31 | 8,417.20 | 588.90 | 853.60 | |
| 2013-09-30 | 8,304.10 | 479.30 | 846.60 | |
| 2013-06-30 | 8,185.60 | 460.60 | 812.90 | |
| 2013-03-31 | 8,134.50 | 553.50 | 808.70 | |
| 2012-12-31 | 8,118.30 | 571.80 | 824.60 | |
| 2012-09-30 | 8,115.10 | 635.80 | 836.20 | |
| 2012-06-30 | 8,184.40 | 676.60 | 851.60 |
*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.
- Republic Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Republic Services used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
- Republic Services has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Republic Services'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)
Republic Services has a total score of 2/6, 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.
RSG Health
How is Republic Services'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 Republic Services's finances.
The net worth of a company is the difference between its assets and liabilities.
- Republic Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Republic Services'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 0.2x 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 Republic Services Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 7,929.50 | 8,337.50 | 70.50 |
| 2018-09-30 | 7,923.80 | 8,251.00 | 81.90 |
| 2018-06-30 | 7,848.80 | 8,259.20 | 61.30 |
| 2018-03-31 | 7,914.30 | 8,206.70 | 62.60 |
| 2017-12-31 | 7,961.10 | 8,187.40 | 83.30 |
| 2017-09-30 | 7,674.20 | 7,857.70 | 63.90 |
| 2017-06-30 | 7,665.10 | 7,781.10 | 36.00 |
| 2017-03-31 | 7,685.70 | 7,670.10 | 33.20 |
| 2016-12-31 | 7,693.70 | 7,658.90 | 67.80 |
| 2016-09-30 | 7,641.50 | 7,765.60 | 55.00 |
| 2016-06-30 | 7,758.00 | 7,633.50 | 42.00 |
| 2016-03-31 | 7,765.90 | 7,560.40 | 33.40 |
| 2015-12-31 | 7,776.60 | 7,532.90 | 32.40 |
| 2015-09-30 | 7,802.20 | 7,561.00 | 102.50 |
| 2015-06-30 | 7,764.70 | 7,552.60 | 99.90 |
| 2015-03-31 | 7,764.70 | 7,564.60 | 134.30 |
| 2014-12-31 | 7,747.80 | 7,061.20 | 75.20 |
| 2014-09-30 | 7,931.30 | 7,030.50 | 113.00 |
| 2014-06-30 | 7,855.50 | 7,052.20 | 49.50 |
| 2014-03-31 | 7,824.70 | 7,013.30 | 175.80 |
| 2013-12-31 | 7,906.10 | 7,022.50 | 213.30 |
| 2013-09-30 | 7,739.40 | 7,039.10 | 97.30 |
| 2013-06-30 | 7,713.20 | 7,028.60 | 96.70 |
| 2013-03-31 | 7,734.40 | 7,032.90 | 130.10 |
| 2012-12-31 | 7,705.70 | 7,070.50 | 67.60 |
| 2012-09-30 | 7,741.60 | 7,104.40 | 74.00 |
| 2012-06-30 | 7,682.70 | 7,113.40 | 69.30 |
- Republic Services's level of debt (105.1%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (88.8% vs 105.1% today).
- Debt is well covered by operating cash flow (26.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
Financial health checks
We assess Republic Services'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) Republic Services has a total score of 2/6, 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.
RSG Dividends
What is Republic Services'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
Republic Services
shares you are expected to receive
$38
in your first year as a dividend.
Dividend Amount
- Republic Services's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Republic Services's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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 11 Analyst Estimates (S&P Global) | See Below |
| United States of America Commercial Services Industry Average Dividend Yield | Market Cap Weighted Average of 42 Stocks | 1.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 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 | 3.6% |
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 |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 1.62 | 3.00 |
| 2020-12-31 | 1.60 | 8.00 |
| 2019-12-31 | 1.51 | 8.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-08 | 1.500 | 1.908 |
| 2019-02-07 | 1.500 | 1.943 |
| 2018-10-26 | 1.500 | 2.015 |
| 2018-10-25 | 1.500 | 2.169 |
| 2018-07-27 | 1.500 | 2.056 |
| 2018-07-26 | 1.500 | 2.089 |
| 2018-05-03 | 1.380 | 2.015 |
| 2018-05-02 | 1.380 | 2.098 |
| 2018-02-09 | 1.380 | 2.082 |
| 2018-02-08 | 1.380 | 2.214 |
| 2017-07-27 | 1.380 | 2.113 |
| 2017-04-28 | 1.280 | 2.008 |
| 2017-04-27 | 1.280 | 2.026 |
| 2017-02-17 | 1.280 | 2.046 |
| 2017-02-16 | 1.280 | 2.137 |
| 2016-10-28 | 1.280 | 2.284 |
| 2016-10-27 | 1.280 | 2.487 |
| 2016-07-29 | 1.280 | 2.529 |
| 2016-07-28 | 1.280 | 2.482 |
| 2016-04-29 | 1.200 | 2.413 |
| 2016-04-28 | 1.200 | 2.544 |
| 2016-02-12 | 1.200 | 2.571 |
| 2016-02-11 | 1.200 | 2.727 |
| 2015-10-30 | 1.200 | 2.740 |
| 2015-10-29 | 1.200 | 2.737 |
| 2015-07-24 | 1.200 | 2.860 |
| 2015-07-23 | 1.200 | 2.936 |
| 2015-04-24 | 1.120 | 2.786 |
| 2015-04-23 | 1.120 | 2.759 |
| 2014-10-30 | 1.120 | 2.786 |
| 2014-07-24 | 1.120 | 2.891 |
| 2014-04-24 | 1.040 | 2.876 |
| 2014-02-13 | 1.040 | 3.048 |
| 2014-02-06 | 1.040 | 3.128 |
| 2013-07-25 | 1.040 | 3.105 |
| 2013-04-25 | 0.940 | 2.738 |
| 2012-11-01 | 0.940 | 3.097 |
| 2012-07-26 | 0.940 | 3.341 |
| 2012-04-26 | 0.880 | 3.327 |
| 2012-02-09 | 0.880 | 2.900 |
| 2011-10-27 | 0.880 | 3.175 |
| 2011-07-28 | 0.880 | 3.111 |
| 2011-04-28 | 0.800 | 2.585 |
| 2011-02-10 | 0.800 | 2.690 |
| 2010-11-04 | 0.800 | 2.708 |
| 2010-07-29 | 0.800 | 2.613 |
| 2010-04-29 | 0.760 | 2.520 |
| 2010-02-11 | 0.760 | 2.619 |
| 2009-11-02 | 0.760 | 2.729 |
| 2009-07-29 | 0.760 | 2.899 |
| 2009-04-30 | 0.760 | 3.230 |
| 2009-04-24 | 0.760 | 3.787 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Republic Services's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
Income/ dividend checks
We assess Republic Services'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 Republic Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Republic Services has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
RSG Management
CEO
| COMPENSATION | $11,549,710 |
| AGE | 56 |
| TENURE AS CEO | 8.3 years |
CEO Bio
Mr. Donald W. Slager, also known as Don, has been the Chief Executive Officer and President at Republic Services, Inc. since January 1, 2011 and December 5, 2008 respectively and served as its Chief Operating Officer since May 27, 2016 until August 1, 2016. Mr. Slager served as the Principal Operations Officer of Republic Services, Inc. since October 2013 until June 9, 2014. He serves as the President and Chief Executive Officer at Browning-Ferris Industries, Inc. He served as the Chief Operating Officer of Allied Waste Industries Inc. since June 24, 2003 and served as its Vice President since December 2008. He served as the Chief Operating Officer at Republic Services, Inc. since December 5, 2008 until January 1, 2011. Mr. Slager served as the President of Allied Waste Industries Inc. from January 3, 2005 to December 2008, Executive Vice President from June 24, 2003 to January 3, 2005 and as its Senior Vice President of Operations since December 2001. He served as the Vice President of Operations at Allied Waste Industries Inc. from February 1998 to December 2001, Assistant Vice President of Operations from June 1997 to February 1998 and it’s Regional Vice President of the West Region from June 1996 to June 1997. He served as District Manager at Chicago Metro District from 1992 to 1996. Before Allied’s acquisition of National Waste Services in 1992, he served at National Waste Services as General Manager from 1985 to 1992 and in other management positions since 1985. Mr. Slager has been Director of Martin Marietta Materials, Inc. since May 2016. Mr. Slager has been a Director of Republic Services, Inc. since June 24, 2010. He served as a Director of UTi Worldwide, Inc. since September 13, 2009 until January 2016. Mr. Slager served as Governing Board Member of Together for Safer Roads and as Director of Arizona Commerce Authority. Mr. Slager has completed the Northwestern University Kellogg School Advanced Executive Program and holds a certificate from the Stanford University Board Consortium Development Program. Mr. Slager has over 35 years of experience in the solid waste industry.
CEO Compensation
- Don's compensation has been consistent with company performance over the past year.
- Don's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Republic Services management team in years:
- The average tenure for the Republic Services management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Don Slager
President
$12M
56
8.3 yrs
Chuck Serianni
Executive VP & CFO
$3M
56
4.7 yrs
Jeffrey Hughes
Executive VP & Chief Administrative Officer
$2M
61
10.3 yrs
Catharine Ellingsen
Executive VP
$2M
54
2.8 yrs
Jon Ark
Executive VP & COO
43
1.3 yrs
Brian Goebel
VP & Chief Accounting Officer
50
6 yrs
Nicole Giandinoto
Senior VP of Investor Relations & Treasurer
Darcie Brossart
Senior Vice President of Communications
7.3 yrs
Sue Klug
Chief Marketing Officer & Executive VP
58
2.6 yrs
Brian Bales
Executive VP & Chief Development Officer
55
Board of Directors Tenure
Average tenure and age of the Republic Services board of directors in years:
- The tenure for the Republic Services board of directors is about average.
Board of Directors
Manuel Kadre
Chairman of the Board
$383K
52
2.1 yrs
Don Slager
President
$12M
56
8.8 yrs
Michael Larson
Independent Director
$320K
59
9.5 yrs
Tomago Collins
Independent Director
$316K
46
5.7 yrs
Tom Handley
Independent Director
$316K
63
2.8 yrs
Jennifer Kirk
Independent Director
$300K
43
2.8 yrs
Ramon Rodriguez
Independent Director
$353K
72
20.1 yrs
John Trani
Independent Director
$300K
73
10.3 yrs
Sandra Volpe
Independent Director
$300K
51
2.3 yrs
Kim Pegula
Director
$131K
49
1.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Mar 19 | Sell | Jeffrey Hughes | Individual | 27. Mar 19 | 27. Mar 19 | -10,118 | $80.40 | $-813,481 | ||
| 29. Mar 19 | Sell | Tomago Collins | Individual | 27. Mar 19 | 27. Mar 19 | -2 | $78.11 | $-156 | ||
| 29. Mar 19 | Sell | Tomago Collins | Individual | 27. Mar 19 | 27. Mar 19 | -4,100 | $80.59 | $-330,419 | ||
| 26. Mar 19 | Sell | Ramon Rodriguez | Individual | 25. Mar 19 | 25. Mar 19 | -5,480 | $79.75 | $-437,027 | ||
| 01. Nov 18 | Buy | Jennifer Kirk | Individual | 31. Oct 18 | 31. Oct 18 | 1,500 | $72.35 | $108,525 | ||
| 01. Jun 18 | Sell | Jeffrey Hughes | Individual | 30. May 18 | 30. May 18 | -5,196 | $68.00 | $-353,328 | ||
Management checks
We assess Republic Services'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) Republic Services 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.
RSG News
Simply Wall St News
Republic Services, Inc. (NYSE:RSG) Insiders Have Been Selling
So we'll take a look at whether insiders have been buying or selling shares in Republic Services, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … All up, insiders sold more shares in Republic Services than they bought, over the last year
Simply Wall St - – Full articleIs Republic Services, Inc. (NYSE:RSG) A Financially Sound Company?
(NYSE:RSG), a large-cap worth US$25b, comes to mind for investors seeking a strong and reliable stock investment. … Big corporations are much sought after by risk-averse investors who find diversified revenue streams and strong capital returns attractive. … Today we will look at Republic Services’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.
Simply Wall St - – Full articleWith A -19% Earnings Drop, Did Republic Services, Inc. (NYSE:RSG) Really Underperform?
Today I will assess RSG's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … RSG's trailing twelve-month earnings (from 31 December 2018) of US$1.0b has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 17%, indicating the rate at which RSG is growing has slowed down
Simply Wall St - – Full articleWhy Republic Services, Inc.'s (NYSE:RSG) High P/E Ratio Isn't Necessarily A Bad Thing
Based on the last twelve months, Republic Services's P/E ratio is 24.79. … How Do I Calculate Republic Services's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhy You Should Care About Republic Services, Inc.’s (NYSE:RSG) Cash Levels
I’ve analysed below, the health and outlook of Republic Services’s cash flow, which will help you understand the stock from a cash standpoint. … Republic Services’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of Republic Services’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability
Simply Wall St - – Full articleThe Republic Services Share Price Has Gained 128%, So Why Not Pay It Some Attention?
By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Republic Services managed to grow its earnings per share at 14% a year. … This EPS growth is slower than the share price growth of 18% per year, over the same period.
Simply Wall St - – Full articleWhat Do Analysts Think About Republic Services, Inc.'s (NYSE:RSG) Earnings Outlook?
Help shape the future of investing tools and you could win a $250 gift card! … Republic Services, Inc.'s (NYSE:RSG) released its most recent earnings update in December 2018, which
Simply Wall St - – Full articleRepublic Services, Inc. (NYSE:RSG): A Fundamentally Attractive Investment
Help shape the future of investing tools and you could win a $250 gift card! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Republic Services, Inc.
Simply Wall St - – Full articleCan Republic Services, Inc.'s (NYSE:RSG) ROE Continue To Surpass The Industry Average?
This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.18 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHave Insiders Been Selling Republic Services, Inc. (NYSE:RSG) Shares This Year?
But logic dictates you should pay some attention to whether insiders are buying or selling shares. … That means that an insider was selling shares at slightly below the current price (US$72.81). … It's not particularly great to see insiders were selling shares at below recent prices
Simply Wall St - – Full articleRSG Company Info
Description
Republic Services, Inc., together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico. The company’s collection services include curbside collection of waste for transport to transfer stations, landfills, or recycling processing centers; supply of waste containers; and renting of compactors. It is also involved in the processing and sale of old corrugated containers, old newsprint, aluminum, glass, and other materials; temporary waste and recycling collection services; and provision of landfill services. As of December 31, 2018, the company operated through 349 collection operations, 207 transfer stations, 190 active landfills, 91 recycling processing centers, and 11 salt water disposal wells, as well as 7 treatment, recovery, and disposal facilities in 41 states and Puerto Rico. It also operated 75 landfill gas-to-energy and renewable energy projects and had 129 closed landfills. The company was founded in 1996 and is headquartered in Phoenix, Arizona.
Details
| Name: | Republic Services, Inc. |
| RSG | |
| Exchange: | NYSE |
| Founded: | 1996 |
| $25,592,690,382 | |
| 321,677,858 | |
| Website: | http://republicservices.com |
| Address: |
Republic Services, Inc. 18500 North Allied Way, Phoenix, Arizona, 85054, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | RSG | Common Stock | New York Stock Exchange | US | USD | 01. Jul 1998 | |
| DB | RPU | Common Stock | Deutsche Boerse AG | DE | EUR | 01. Jul 1998 | |
| LSE | 0KW1 | Common Stock | London Stock Exchange | GB | USD | 01. Jul 1998 | |
| BMV | RSGA * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 01. Jul 1998 |
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: | 2019/04/23 23:43 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/04/22 |
| Last earnings filing: | 2019/02/08 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
