Waste Connections
Market Cap
US$24.5b
Last Updated
2019/10/23 00:38 UTC
Data Sources
Company Financials +
Executive Summary
Waste Connections, Inc. provides waste collection, transfer, disposal, and recycling services in the United States and Canada.
Snowflake
Fundamentals
Adequate balance sheet with limited growth.
Similar Companies
Share Price & News
How has Waste Connections's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.2%
WCN
1.6%
US Commercial Services
0.07%
US Market
1 Year Return
28.4%
WCN
21.0%
US Commercial Services
8.9%
US Market
Return vs Industry: WCN exceeded the US Commercial Services industry which returned 21% over the past year.
Return vs Market: WCN exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| WCN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 1.6% | 0.07% |
| 30 Day | 2.3% | 2.5% | -0.3% |
| 90 Day | -0.9% | 2.9% | -1.6% |
| 1 Year | 29.3%28.4% | 25.6%21.0% | 11.3%8.9% |
| 3 Year | 89.8%85.4% | 74.2%62.3% | 46.3%36.8% |
| 5 Year | n/a | 103.5%83.0% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Waste Connections's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Is Waste Connections, Inc.'s (NYSE:WCN) ROE Of 8.3% Concerning?1 month ago | Simply Wall St
Why You Should Care About Waste Connections, Inc.’s (NYSE:WCN) Low Return On Capital1 month ago | Simply Wall St
Is Waste Connections, Inc.'s (NYSE:WCN) High P/E Ratio A Problem For Investors?Valuation
Is Waste Connections undervalued compared to its fair value and its price relative to the market?
44x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: WCN ($93.09) is trading above our estimate of fair value ($83.22)
Significantly Below Fair Value: WCN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WCN is poor value based on its PE Ratio (44x) compared to the Commercial Services industry average (25.5x).
PE vs Market: WCN is poor value based on its PE Ratio (44x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: WCN is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: WCN is overvalued based on its PB Ratio (3.7x) compared to the US Commercial Services industry average (1.9x).
Next Steps
Future Growth
How is Waste Connections forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
16.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WCN's forecast earnings growth (16.2% per year) is above the savings rate (2.7%).
Earnings vs Market: WCN's earnings (16.2% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: WCN's earnings are forecast to grow, but not significantly.
Revenue vs Market: WCN's revenue (7.2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: WCN's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WCN's Return on Equity is forecast to be low in 3 years time (13.9%).
Next Steps
Past Performance
How has Waste Connections performed over the past 5 years?
36.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: WCN's earnings have grown significantly by 36% per year over the past 5 years.
Accelerating Growth: WCN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WCN had negative earnings growth (-20.5%) over the past year, making it difficult to compare to the Commercial Services industry average (-2.4%).
Return on Equity
High ROE: WCN's Return on Equity (8.3%) is considered low.
Return on Assets
ROA vs Industry: WCN's Return on Assets is below or equal to the Commercial Services industry average last year.
Return on Capital Employed
ROCE Improving: WCN has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Waste Connections's financial position?
Financial Position Analysis
Short Term Liabilities: WCN's short term assets ($990.6M) exceeds its short term liabilities ($942.9M)
Long Term Liabilities: WCN's short term assets (990.6M) do not cover its long term liabilities (5.5B)
Debt to Equity History and Analysis
Debt Level: WCN's debt to equity ratio (61.7%) is considered high
Reducing Debt: WCN's debt to equity ratio has reduced from 91.1% to 61.7% over the past 5 years.
Debt Coverage: WCN's debt is well covered by operating cash flow (36.2%).
Interest Coverage: WCN's interest payments on its debt are well covered by EBIT (6.8x coverage).
Balance Sheet
Inventory Level: WCN has a high level of physical assets or inventory.
Debt Coverage by Assets: WCN's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Waste Connections's current dividend yield, its reliability and sustainability?
0.69%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: WCN's dividend (0.69%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: WCN's dividend (0.69%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: WCN is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: WCN is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: WCN is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of WCN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Waste Connections's salary, the management and board of directors tenure and is there insider trading?
10.2yrs
Average management tenure
CEO
Worthing Jackman (55yo)
0.7yrs
Tenure
US$2,366,374
Compensation
Mr. Worthing F. Jackman has served as a Chief Executive Officer and has been President at Waste Connections, Inc. since July 01, 2018. He serves as a Director at Waste Connections, Inc. since July 25, 2019 ...
CEO Compensation Analysis
Compensation vs. Market: Worthing has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.
Compensation vs Earnings: Worthing's compensation has been consistent with company performance over the past year.
Management Age and Tenure
10.2yrs
Average Tenure
55yo
Average Age
Experienced Management: WCN's management team is seasoned and experienced (10.2 years average tenure).
Board Age and Tenure
9.0yrs
Average Tenure
63yo
Average Age
Experienced Board: WCN's board of directors are considered experienced (9 years average tenure).
Insider Trading
Insider Buying: WCN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,038 |
| Max Price | US$91.43 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | US$91.69 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 20,000 |
| Max Price | US$90.41 |
| Entity | Individual |
| Role | Chief Legal Officer Executive VP |
| Shares | 17,000 |
| Max Price | US$92.36 |
| Entity | Individual |
| Role | Chief Information Officer Senior VP & Chief Information Officer |
| Shares | 5,500 |
| Max Price | US$90.00 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice President of Engineering & Disposal |
| Shares | 10,000 |
| Max Price | US$89.74 |
| Entity | Individual |
| Role | Chief Operating Officer COO & Executive VP |
| Shares | 14,100 |
| Max Price | US$90.01 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 6,000 |
| Max Price | US$90.29 |
Ownership Breakdown
Management Team
Ron Mittelstaedt (56yo)
Executive Chairman
- Tenure: 21.8yrs
- Compensation: US$13.69m
Darrell Chambliss (55yo)
COO & Executive VP
- Tenure: 16yrs
- Compensation: US$1.92m
James Little (57yo)
Senior Vice President of Engineering & Disposal
- Tenure: 10.7yrs
- Compensation: US$1.17m
David Hall (61yo)
Senior Vice President of Sales & Marketing
- Tenure: 14yrs
Eric Hansen (54yo)
Senior VP & Chief Information Officer
- Tenure: 15.3yrs
David Eddie (49yo)
Chief Accounting Officer & Senior VP
- Tenure: 9.7yrs
- Compensation: US$1.23m
Worthing Jackman (55yo)
President
- Tenure: 0.7yrs
- Compensation: US$2.37m
Patrick Shea (48yo)
Executive VP
- Tenure: 10.7yrs
- Compensation: US$1.35m
Mary Whitney (55yo)
Senior VP & CFO
- Tenure: 1.3yrs
- Compensation: US$1.09m
Susan Netherton (49yo)
Vice President of People
- Tenure: 6.3yrs
Board Members
Bill Razzouk (71yo)
Independent Director
- Tenure: 21.8yrs
- Compensation: US$307.47k
Sue Lee (67yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$277.34k
Ron Mittelstaedt (56yo)
Executive Chairman
- Tenure: 21.8yrs
- Compensation: US$13.69m
Michael Harlan (58yo)
Independent Director
- Tenure: 21.4yrs
- Compensation: US$298.80k
Ned Guillet (67yo)
Independent Director
- Tenure: 12.6yrs
- Compensation: US$301.21k
Worthing Jackman (55yo)
President
- Tenure: 0.7yrs
- Compensation: US$2.37m
Larry Hughes (67yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$275.65k
Elise Jordan (59yo)
Director
- Tenure: 0.2yrs
Company Information
Waste Connections, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Waste Connections, Inc.
- Ticker: WCN
- Exchange: NYSE
- Founded: 1997
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Market Cap: US$24.539b
- Shares outstanding: 263.60m
- Website: https://www.wasteconnections.com
Number of Employees
Location
- Waste Connections, Inc.
- 3 Waterway Square Place
- Suite 110
- The Woodlands
- Texas
- 77380
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| WCN | NYSE (New York Stock Exchange) | Yes | New Common Stock | US | USD | Jun 2016 |
| WCN | TSX (The Toronto Stock Exchange) | Yes | New Common Stock | CA | CAD | Jun 2016 |
| UI51 | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | Jun 2016 |
Biography
Waste Connections, Inc. provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The company operates through six segments: Southern, Western, Eastern, Canada, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 00:38 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.