Waste Connections
Waste Connections, Inc. provides waste collection, transfer, disposal, and recycling services in the United States and Canada. The last earnings update was 68 days ago. More info.
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WCN Share Price and Events
7 Day Returns
1 Year Returns
WCN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Waste Connections (WCN) | 0.1% | 4.1% | 10.5% | 22.2% | - | - |
| US Commercial Services | 1.6% | 6.3% | 9.4% | 12.1% | 55% | 80.8% |
| US Market | -0.8% | 2.7% | 7.5% | 7% | 37.9% | 47% |
1 Year Return vs Industry and Market
- WCN outperformed the Commercial Services industry which returned 12.1% over the past year.
- WCN outperformed the Market in United States of America which returned 7% over the past year.
WCN 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
Waste Connections
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 Waste Connections.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 15 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8% |
| 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))
= 0.735 (1 + (1- 26.5%) (17.87%)) |
0.887 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.89 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.887 * 5.96%) |
8.02% |
Discounted Cash Flow Calculation for NYSE:WCN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Waste Connections 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 (@ 8.02%) |
|
|---|---|---|---|
| 2019 | 954.60 | Analyst x9 | 883.77 |
| 2020 | 1,007.27 | Analyst x8 | 863.32 |
| 2021 | 1,103.50 | Analyst x2 | 875.62 |
| 2022 | 1,174.00 | Analyst x2 | 862.43 |
| 2023 | 1,224.00 | Analyst x1 | 832.44 |
| 2024 | 1,269.78 | Est @ 3.74% | 799.49 |
| 2025 | 1,313.42 | Est @ 3.44% | 765.60 |
| 2026 | 1,355.78 | Est @ 3.22% | 731.65 |
| 2027 | 1,397.49 | Est @ 3.08% | 698.19 |
| 2028 | 1,439.03 | Est @ 2.97% | 665.59 |
| Present value of next 10 years cash flows | $7,978.10 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,439.03 × (1 + 2.73%) ÷ (8.02% – 2.73%) |
$27,969.43 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $27,969.43 ÷ (1 + 8.02%)10 |
$12,936.73 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $7,978.10 + $12,936.73 |
$20,914.82 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $20,914.82 / 263.53 |
$79.36 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $79.36 |
| Current discount | Discount to share price of
$88.80
= -1 x ($88.80 - $79.36) / $79.36 |
-11.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Waste Connections 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 Waste Connections's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Waste Connections'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 | $2.07 |
| NYSE:WCN Share Price ** | NYSE (2019-04-22) in USD | $88.8 |
| United States of America Commercial Services Industry PE Ratio | Median Figure of 51 Publicly-Listed Commercial Services Companies | 21.52x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 18.21x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Waste Connections.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:WCN Share Price ÷ EPS (both in USD) = 88.8 ÷ 2.07 |
42.81x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Waste Connections is overvalued based on earnings compared to the US Commercial Services industry average.
- Waste Connections is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Waste Connections's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 42.81x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts |
12.7%per year |
| United States of America Commercial Services Industry PEG Ratio | Median Figure of 34 Publicly-Listed Commercial Services Companies | 1.67x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 42.81x ÷ 12.7% |
3.36x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Waste Connections is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Waste Connections's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $24.53 |
| NYSE:WCN Share Price * | NYSE (2019-04-22) in USD | $88.8 |
| United States of America Commercial Services Industry PB Ratio | Median Figure of 87 Publicly-Listed Commercial Services Companies | 2.1x |
| United States of America Market PB Ratio | Median Figure of 5,186 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:WCN Share Price ÷ Book Value per Share (both in USD) = 88.8 ÷ 24.53 |
3.62x |
* Primary Listing of Waste Connections.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Waste Connections is overvalued based on assets compared to the US Commercial Services industry average.
Value checks
We assess Waste Connections'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) Waste Connections 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.
WCN 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
- Waste Connections's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Waste Connections's earnings growth is positive but not above the United States of America market average.
- Waste Connections'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:WCN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts | 12.7% |
| NYSE:WCN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts | 6.6% |
| United States of America Commercial Services Industry Earnings Growth Rate | Market Cap Weighted Average | 14% |
| 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% |
*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 15 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 7,224 | 1 | ||
| 2022-12-31 | 6,410 | 2 | ||
| 2021-12-31 | 6,082 | 751 | 5 | |
| 2020-12-31 | 5,660 | 1,597 | 733 | 13 |
| 2019-12-31 | 5,339 | 1,508 | 657 | 15 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,923 | 1,411 | 547 |
| 2018-09-30 | 4,818 | 1,337 | 729 |
| 2018-06-30 | 4,744 | 1,300 | 702 |
| 2018-03-31 | 4,679 | 1,207 | 687 |
| 2017-12-31 | 4,630 | 1,187 | 577 |
| 2017-09-30 | 4,522 | 1,145 | 347 |
| 2017-06-30 | 4,400 | 1,088 | 313 |
| 2017-03-31 | 3,952 | 918 | 217 |
| 2016-12-31 | 3,376 | 795 | 247 |
| 2016-09-30 | 2,859 | 653 | 213 |
| 2016-06-30 | 2,322 | 517 | -133 |
| 2016-03-31 | 2,126 | 579 | -103 |
*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 15 Analyst Estimates (S&P Global) | See Below |
All data from Waste Connections 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 | 3.11 | 3.11 | 3.11 | 1.00 |
| 2020-12-31 | 2.82 | 3.15 | 2.63 | 9.00 |
| 2019-12-31 | 2.49 | 2.85 | 2.38 | 10.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.07 |
| 2018-09-30 | 2.76 |
| 2018-06-30 | 2.66 |
| 2018-03-31 | 2.60 |
| 2017-12-31 | 2.19 |
| 2017-09-30 | 1.32 |
| 2017-06-30 | 1.19 |
| 2017-03-31 | 0.87 |
| 2016-12-31 | 1.07 |
| 2016-09-30 | 1.01 |
| 2016-06-30 | -0.69 |
| 2016-03-31 | -0.56 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Waste Connections'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)
Waste Connections 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.
WCN Past Performance
How has Waste Connections 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
- Waste Connections has delivered over 20% year on year earnings growth in the past 5 years.
- Waste Connections's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Waste Connections'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 Waste Connections 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 | 4,922.94 | 546.87 | 503.82 | |
| 2018-09-30 | 4,818.38 | 729.48 | 499.86 | |
| 2018-06-30 | 4,743.75 | 701.84 | 489.38 | |
| 2018-03-31 | 4,679.35 | 686.81 | 485.62 | |
| 2017-12-31 | 4,630.49 | 576.82 | 476.97 | |
| 2017-09-30 | 4,521.94 | 347.32 | 466.14 | |
| 2017-06-30 | 4,400.38 | 312.74 | 454.66 | |
| 2017-03-31 | 3,952.45 | 216.57 | 429.60 | |
| 2016-12-31 | 3,375.86 | 246.54 | 382.26 | |
| 2016-09-30 | 2,859.18 | 213.01 | 321.62 | |
| 2016-06-30 | 2,322.19 | -132.62 | 271.18 | |
| 2016-03-31 | 2,125.87 | -102.75 | 234.48 | |
| 2015-12-31 | 2,117.29 | -95.76 | 233.25 | |
| 2015-09-30 | 2,111.56 | -87.06 | 232.38 | |
| 2015-06-30 | 2,110.18 | 230.03 | 230.62 | |
| 2015-03-31 | 2,103.56 | 235.33 | 229.57 | |
| 2014-12-31 | 2,079.17 | 232.53 | 227.33 | |
| 2014-09-30 | 2,038.83 | 221.19 | 220.64 | |
| 2014-06-30 | 1,995.93 | 221.81 | 216.54 | |
| 2014-03-31 | 1,960.61 | 203.11 | 212.55 | |
| 2013-12-31 | 1,928.80 | 195.66 | 209.94 | |
| 2013-09-30 | 1,891.72 | 182.22 | 208.39 | |
| 2013-06-30 | 1,813.73 | 170.90 | 199.99 | |
| 2013-03-31 | 1,735.08 | 169.35 | 189.22 | |
| 2012-12-31 | 1,661.62 | 159.09 | 184.11 | |
| 2012-09-30 | 1,592.57 | 161.06 | 170.58 | |
| 2012-06-30 | 1,570.88 | 158.01 | 166.69 |
*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.
- Waste Connections has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Waste Connections used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
- Waste Connections's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Waste Connections'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)
Waste Connections has a total score of 1/6, 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.
WCN Health
How is Waste Connections'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 Waste Connections's finances.
The net worth of a company is the difference between its assets and liabilities.
- Waste Connections is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Waste Connections'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 0.3x 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 Waste Connections Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 6,460.19 | 4,183.08 | 330.04 |
| 2018-09-30 | 6,505.08 | 3,768.05 | 255.77 |
| 2018-06-30 | 6,346.64 | 3,814.26 | 155.01 |
| 2018-03-31 | 6,280.74 | 3,899.66 | 224.99 |
| 2017-12-31 | 6,274.07 | 3,931.85 | 439.01 |
| 2017-09-30 | 5,993.86 | 3,965.75 | 498.00 |
| 2017-06-30 | 5,807.99 | 4,010.20 | 401.17 |
| 2017-03-31 | 5,653.23 | 3,992.75 | 269.56 |
| 2016-12-31 | 5,654.88 | 3,634.98 | 154.51 |
| 2016-09-30 | 5,621.37 | 3,693.60 | 119.34 |
| 2016-06-30 | 5,557.72 | 3,794.08 | 55.62 |
| 2016-03-31 | 2,016.33 | 2,094.57 | 9.26 |
| 2015-12-31 | 1,991.78 | 2,171.36 | 10.97 |
| 2015-09-30 | 1,950.03 | 1,977.48 | 23.55 |
| 2015-06-30 | 2,273.39 | 1,956.31 | 15.62 |
| 2015-03-31 | 2,248.58 | 2,011.77 | 15.73 |
| 2014-12-31 | 2,233.74 | 1,994.59 | 14.35 |
| 2014-09-30 | 2,194.63 | 1,909.22 | 13.33 |
| 2014-06-30 | 2,143.62 | 1,953.86 | 21.40 |
| 2014-03-31 | 2,086.01 | 2,025.92 | 15.85 |
| 2013-12-31 | 2,048.21 | 2,090.66 | 13.59 |
| 2013-09-30 | 2,007.35 | 2,051.76 | 19.28 |
| 2013-06-30 | 1,952.91 | 2,094.74 | 16.21 |
| 2013-03-31 | 1,914.67 | 2,153.73 | 14.28 |
| 2012-12-31 | 1,883.13 | 2,262.67 | 23.21 |
| 2012-09-30 | 1,851.83 | 1,001.80 | 103.53 |
| 2012-06-30 | 1,823.33 | 1,005.82 | 136.15 |
- Waste Connections's level of debt (64.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (102% vs 64.8% today).
- Debt is well covered by operating cash flow (33.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
Financial health checks
We assess Waste Connections'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) Waste Connections has a total score of 4/6, 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.
WCN Dividends
What is Waste Connections'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
Waste Connections
shares you are expected to receive
$14
in your first year as a dividend.
Dividend Amount
- Waste Connections's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- Waste Connections's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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 15 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 | 0.88 | 2.00 |
| 2020-12-31 | 0.75 | 8.00 |
| 2019-12-31 | 0.66 | 8.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-13 | 0.640 | 0.747 |
| 2018-10-29 | 0.640 | 0.826 |
| 2018-07-24 | 0.560 | 0.716 |
| 2018-05-02 | 0.560 | 0.736 |
| 2018-02-14 | 0.560 | 0.776 |
| 2017-10-25 | 0.560 | 0.800 |
| 2017-07-25 | 0.480 | 0.712 |
| 2017-04-26 | 0.480 | 0.756 |
| 2017-02-21 | 0.480 | 0.821 |
| 2016-10-26 | 0.480 | 0.921 |
| 2016-07-19 | 0.387 | 0.768 |
| 2016-06-01 | 0.387 | 0.807 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Waste Connections is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- Waste Connections is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Waste Connections'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 Waste Connections afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Waste Connections 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.
WCN Management
CEO
| COMPENSATION | $2,471,691 |
| AGE | 54 |
| TENURE AS CEO | 0.2 years |
CEO Bio
Mr. Worthing F. Jackman has served as a Principal Executive Officer since February 2019 and has been President at Waste Connections, Inc. since July 01, 2018. He was Chief Financial Officer and Executive Vice President of Waste Connections, Inc. from September 1, 2004 to July 01, 2018 and served as its Assistant Secretary. Mr. Jackman oversees all finance, treasury, accounting, tax, internal audit and investor relations functions for Waste Connections Inc. He serves as a lead banker and advisor on several of Waste Connections Inc.'s capital markets transactions and strategic issues since inception. He served as a Vice President of Finance and Investor Relations of Waste Connections, Inc. from April 28, 2003 to September 1, 2004. He served as Managing Director in the Global Industrial and Environmental Services Group at Deutsche Bank Securities (previously Alex. Brown & Sons) where he provided investment banking services to companies in many sectors including solid waste services. He has been a Director of Quanta Services, Inc. since May 2005. Mr. Jackman holds a B.S. Degree in Finance from Syracuse University and an M.B.A. degree from the Harvard Business School.
CEO Compensation
- Worthing's compensation has been consistent with company performance over the past year.
- Worthing'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 Waste Connections management team in years:
- The average tenure for the Waste Connections management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Worthing Jackman
President & Principal Executive Officer
$2M
54
0.2 yrs
Ron Mittelstaedt
Chairman & CEO (Leave of Absence)
$5M
55
0.2 yrs
Darrell Chambliss
COO & Executive VP
$2M
54
15.5 yrs
Patrick Shea
Senior VP
$1M
47
10.2 yrs
Mary Whitney
Senior VP & CFO
54
0.8 yrs
David Eddie
Chief Accounting Officer & Senior VP
$1M
48
9.2 yrs
Eric Hansen
Senior VP & Chief Information Officer
53
14.8 yrs
David Hall
Senior Vice President of Sales & Marketing
60
13.5 yrs
Susan Netherton
Vice President of People
48
5.8 yrs
James Little
Senior Vice President of Engineering & Disposal
$1M
56
10.2 yrs
Board of Directors Tenure
Average tenure and age of the Waste Connections board of directors in years:
- The average tenure for the Waste Connections board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Michael Harlan
Lead Independent Director
$335K
57
20.9 yrs
Bill Razzouk
Independent Director
$336K
70
21.3 yrs
Ned Guillet
Independent Director
$320K
66
12.1 yrs
Larry Hughes
Independent Director
$300K
66
4.9 yrs
Sue Lee
Independent Director
$300K
66
4.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. Sep 18 | Sell | Michael Harlan | Individual | 04. Sep 18 | 04. Sep 18 | -11,900 | $79.30 | $-943,688 | ||
| 06. Sep 18 | Sell | Darrell Chambliss | Individual | 05. Sep 18 | 05. Sep 18 | -6,485 | $80.00 | $-518,800 | ||
| 20. Aug 18 | Sell | David Eddie | Individual | 17. Aug 18 | 17. Aug 18 | -20,000 | $80.06 | $-1,601,200 | ||
| 04. Jun 18 | Sell | David Hall | Individual | 30. May 18 | 30. May 18 | -15,078 | $77.46 | $-1,167,927 | ||
| 01. Jun 18 | Sell | David Hall | Individual | 30. May 18 | 30. May 18 | -15,078 | $77.46 | $-1,167,927 | ||
| 31. May 18 | Sell | Matthew Black | Individual | 29. May 18 | 29. May 18 | -5,000 | $75.94 | $-379,701 | ||
| 24. May 18 | Sell | James Little | Individual | 24. May 18 | 24. May 18 | -3,000 | $76.28 | $-228,846 | ||
| 23. May 18 | Sell | Steven Bouck | Individual | 23. May 18 | 23. May 18 | -10,000 | $76.31 | $-763,077 | ||
| 21. May 18 | Sell | Patrick Shea | Individual | 17. May 18 | 17. May 18 | -11,500 | $75.07 | $-863,336 | ||
| 21. May 18 | Sell | Edward Guillet | Individual | 21. May 18 | 21. May 18 | -10,000 | $75.98 | $-759,762 | ||
Management checks
We assess Waste Connections'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) Waste Connections 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.
WCN News
Simply Wall St News
Should We Worry About Waste Connections, Inc.'s (NYSE:WCN) P/E Ratio?
We'll apply a basic P/E ratio analysis to Waste Connections, Inc.'s (NYSE:WCN), to help you decide if the stock is worth further research. … How Do I Calculate Waste Connections's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleOne Factor To Consider Before Investing In Waste Connections, Inc. (NYSE:WCN)
Today we will examine Waste Connections’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Waste Connections’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. … I will be analysing Waste Connections’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleDoes Waste Connections's (NYSE:WCN) Share Price Gain of 21% Match Its Business Performance?
(NYSE:WCN) share price is up 21% in the last year, clearly besting than the market return of around 4.3% (not including dividends). … We'll need to follow Waste Connections for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … During the last year, Waste Connections actually saw its earnings per share drop 5.2%.
Simply Wall St - – Full articleWhat Type Of Shareholder Owns Waste Connections, Inc.'s (NYSE:WCN)?
Every investor in Waste Connections, Inc. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleHave Investors Priced In Waste Connections, Inc.'s (NYSE:WCN) Growth?
(NYSE:WCN) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $84.79 is based on unrealistic expectations. … Check out our latest analysis for Waste Connections? … According to the analysts covering the company, the following few years should bring about good growth prospects for Waste Connections
Simply Wall St - – Full articleWaste Connections, Inc. (NYSE:WCN): Should The Recent Earnings Drop Worry You?
Assessing Waste Connections, Inc.'s (NYSE:WCN) past track record of performance is a useful exercise for investors. … Below, I assess WCN's latest performance announced on 31 December 2018 and evaluate these figures to its historical trend and industry movements. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 34%, indicating the rate at which WCN is growing has slowed down
Simply Wall St - – Full articleA Look At The Intrinsic Value Of Waste Connections, Inc. (NYSE:WCN)
by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.
Simply Wall St - – Full articleWhy We’re Not Impressed By Waste Connections, Inc.’s (NYSE:WCN) 7.6% ROCE
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleIs Waste Connections, Inc.'s (NYSE:WCN) 11% Better Than Average?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Waste Connections has a return on equity of 11% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhat Kind Of Investor Owns Most Of Waste Connections, Inc. (NYSE:WCN)?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see both institutions and retail investors owning a portion of the company. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleWCN Company Info
Description
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, Central, and Exploration and Production (E&P). It offers collection services to residential, commercial, municipal, industrial, and E&P customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company also owns and operates transfer stations that receive compact and load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well’s operating life; contaminated soils that require treatment during site reclamation; and substances that require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers container and chassis sales and leasing services to its customers. As of December 31, 2018, it owned or operated a network of 279 solid waste collection operations; 113 transfer stations; 56 municipal solid waste (MSW) landfills; 11 E&P waste landfills; 14 non-MSW landfills; 64 recycling operations; 4 intermodal operations; 22 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. It also operated additional 49 transfer stations, 12 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was founded in 1997 and is based in Vaughan, Canada.
Details
| Name: | Waste Connections, Inc. |
| WCN | |
| Exchange: | NYSE |
| Founded: | 1997 |
| $23,401,896,367 | |
| 263,534,869 | |
| Website: | http://www.wasteconnections.com |
| Address: |
Waste Connections, Inc. 610 Applewood Crescent, 2nd Floor, Vaughan, Ontario, L4K 0E3, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | WCN | New Common Stock | New York Stock Exchange | US | USD | 01. Jun 2016 | |
| DB | UI51 | New Common Stock | Deutsche Boerse AG | DE | EUR | 01. Jun 2016 | |
| TSX | WCN | New Common Stock | The Toronto Stock Exchange | CA | CAD | 01. Jun 2016 |
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 01:02 |
| End of day share price update: | 2019/04/22 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/02/14 |
| 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.
