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Waste Connections Inc Stock Research

WCN

136.08USD+1.04(+0.77%)Market Closed

Market Summary

USD136.08+1.04
Market Closed
0.77%

WCN Alerts

WCN Stock Price

WCN RSI Chart

WCN Valuation

Market Cap

35.0B

Price/Earnings (Trailing)

41.87

Price/Sales (Trailing)

4.85

EV/EBITDA

17.33

Price/Free Cashflow

31.53

WCN Price/Sales (Trailing)

WCN Profitability

EBT Margin

14.55%

Return on Equity

11.76%

Return on Assets

4.88%

Free Cashflow Yield

3.17%

WCN Fundamentals

WCN Revenue

Revenue (TTM)

7.2B

Revenue Y/Y

15.08%

Revenue Q/Q

-0.56%

WCN Earnings

Earnings (TTM)

835.7M

Earnings Y/Y

16.86%

Earnings Q/Q

-17.96%

Price Action

52 Week Range

113.10147.92
(Low)(High)

Last 7 days

1.4%

Last 30 days

0.3%

Last 90 days

-1.7%

Trailing 12 Months

-0.1%

WCN Financial Health

Current Ratio

0.74

WCN Investor Care

Dividend Yield

0.69%

Dividend/Share (TTM)

0.95

Buy Backs (1Y)

1.18%

Diluted EPS (TTM)

3.24

Peers (Alternatives to Waste Connections)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
63.5B
19.7B
1.49% 0.35%
28.36
3.22
9.85% 23.24%
44.3B
8.4B
-3.25% 14.04%
34.42
5.28
12.71% 11.63%
42.3B
13.5B
5.36% 3.62%
28.42
3.13
19.62% 15.28%
35.0B
7.2B
0.28% -0.13%
41.87
4.85
17.24% 35.21%
33.4B
3.7B
-1.08% 13.23%
30.84
9.08
16.24% -0.79%
MID-CAP
7.5B
3.5B
-5.58% -12.85%
23.96
2.11
7.06% 25.10%
7.4B
5.2B
-0.89% 25.81%
17.86
1.42
35.76% 102.58%
4.2B
1.1B
1.42% -7.26%
78.44
3.84
22.03% 29.15%
3.9B
2.7B
-22.61% -24.77%
69.76
1.46
2.18% 310.82%
SMALL-CAP
823.0M
709.3M
-11.36% 20.19%
10.93
1.16
37.64% 56.34%
116.8M
71.0M
33.68% 49.74%
-25.43
1.65
-14.94% -242.00%
13.7M
318.1M
-30.17% -15.52%
-0.41
0.04
19.84% 22.30%
11.1M
77.1M
-2.68% -11.59%
-158.76
0.14
14.38% -102.40%

Financials for Waste Connections

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.5%7,2126,9676,6846,4026,151
  S&GA Expenses3.0%696676645634612
EBITDA4.8%2,0151,9231,7381,657-
EBITDA Margin1.2%0.28*0.28*0.26*0.26*-
Earnings Before Taxes3.9%1,0491,010857799771
EBT Margin0.4%0.15*0.14*0.13*0.12*-
Interest Expenses14.8%202176165162163
Net Income3.4%836808685638618
Net Income Margin-0.1%0.12*0.12*0.10*0.10*-
Free Cahsflow6.2%1,1101,045979939-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets6.2%17,13516,13115,41615,41414,700
  Current Assets-9.2%1,1181,2301,2581,4131,033
    Cash Equivalents-60.7%79.00200218391147
  Net PPE9.4%6,9516,3535,8585,7715,722
  Goodwill5.0%6,9026,5756,4586,4286,188
Liabilities9.1%10,0219,1878,5478,6557,706
  Current Liabilities9.7%1,5131,3791,3381,2581,233
    LT Debt, Current0.6%7.007.006.0028.006.00
    LT Debt, Non Current10.9%6,8906,2125,6345,8185,041
Shareholder's Equity2.5%7,1096,9386,8706,7596,989
  Retained Earnings3.7%3,6493,5203,3423,1783,057
  Additional Paid-In Capital6.4%244229211196199
Shares Outstanding0.0%257257257257260
Minority Interest-1.0%5.005.005.005.005.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations4.9%2,0221,9281,8231,7391,698
  Share Based Compensation-0.7%63.0064.0057.0063.0058.00
Cashflow From Investing-22.6%-3,087-2,517-2,252-2,082-1,693
Cashflow From Financing132.4%1,028443-81.17-41.96-499
  Dividend Payments2.5%243237232226220
  Buy Backs-7.3%425458458698339

Risks for WCN

What is the probability of a big loss on WCN?

34.6%


Probability that Waste Connections stock will be more than 20% underwater in next one year

0%


Probability that Waste Connections stock will be more than 30% underwater in next one year.

0%


Probability that Waste Connections stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WCN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Waste Connections was unfortunately bought at previous high price.

Drawdowns

Returns for WCN

Cumulative Returns on WCN

20.1%


10-Year Cumulative Returns

18.5%


7-Year Cumulative Returns

13.7%


5-Year Cumulative Returns

15.8%


3-Year Cumulative Returns

What are the long-term rolling returns for WCN?

FIve years rolling returns for Waste Connections.

Annualized Returns

Which funds bought or sold WCN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-06
Rockefeller Capital Management L.P.
added
37.00
85,000
334,000
-%
2023-03-03
TIAA, FSB
reduced
-2.87
-519,804
10,491,200
0.04%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-39.56
-259,090
376,910
0.21%
2023-02-28
Voya Investment Management LLC
reduced
-93.75
-163,353,000
10,663,800
0.01%
2023-02-24
National Pension Service
added
3.64
129,807
51,026,600
0.10%
2023-02-24
NATIXIS
reduced
-65.36
-2,379,630
1,216,370
0.01%
2023-02-24
SRS Capital Advisors, Inc.
added
18.06
53,384
387,384
0.05%
2023-02-22
CVA Family Office, LLC
unchanged
-
279
9,279
-%
2023-02-21
SECURITY NATIONAL BANK OF SO DAK
unchanged
-
-12,000
617,000
0.45%
2023-02-21
MACQUARIE GROUP LTD
reduced
-0.55
-23,216
903,784
-%

1–10 of 47

Latest Funds Activity

Are funds buying WCN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own WCN
No. of Funds

Waste Connections News

DirectorsTalk Interviews

Waste Connections - Consensus Indicates Potential 11.6% Upside.

DirectorsTalk Interviews,
19 hours ago

Investor's Business Daily

Zacks Investment Research

Yahoo Canada Finance

3 Top Canadian Stocks to Add to Your TFSA.

Yahoo Canada Finance,
7 days ago

Yahoo Canada Finance

Schedule 13G FIlings of Waste Connections

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
10.76%
27,667,266
SC 13G/A
Feb 07, 2023
blackrock inc.
5.1%
13,214,486
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
10.0%
26,244,971
SC 13G/A
Feb 04, 2022
blackrock inc.
5.1%
13,319,325
SC 13G
Jun 10, 2021
vanguard group inc
10.01%
26,183,959
SC 13G/A
Feb 10, 2021
vanguard group inc
9.92%
26,074,347
SC 13G/A
Feb 10, 2021
price t rowe associates inc /md/
10.7%
28,255,228
SC 13G/A
Feb 10, 2021
price t rowe associates inc /md/
9.5%
24,982,516
SC 13G/A
Mar 10, 2020
price t rowe associates inc /md/
10.5%
27,860,569
SC 13G/A
Mar 10, 2020
price t rowe associates inc /md/
10.5%
27,860,569
SC 13G/A

WCN Fair Value

Waste Connections fair value in different scenarios

The table shows the Fair Value estimates for Waste Connections for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

55.90

-58.92%

74.25

-45.44%

105.93

-22.16%

151.08

11.02%

191.62

40.81%
Current Inflation

51.14

-62.42%

66.70

-50.98%

93.00

-31.66%

130.36

-4.20%

164.14

20.62%
Very High Inflation

45.35

-66.67%

57.71

-57.59%

78.00

-42.68%

106.76

-21.55%

133.02

-2.25%

Historical Waste Connections Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Waste Connections

View All Filings
Date Filed Form Type Document
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 06, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading

Latest Insider Trading transactions for WCN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
LITTLE JAMES
sold
-611,408
135
-4,500
executive vp engineering
2023-03-06
RAZZOUK WILLIAM J
sold
-135,610
135
-1,000
-
2023-03-06
RAZZOUK WILLIAM J
sold
-271,140
135
-2,000
-
2023-03-06
EDDIE DAVID
sold
-230,607
135
-1,700
sr vp performance optimization
2023-03-02
Cloninger Robert Michael
sold
-200,325
133
-1,500
sr vp, deputy general counsel
2023-02-27
CHAMBLISS DARRELL W
gifted
-
-
-4,500
evp & coo
2023-02-21
Cloninger Robert Michael
gifted
-
-
-753
sr vp, deputy general counsel
2023-02-19
Netherton Susan
acquired
-
-
729
sr vp people, training & dev
2023-02-19
HANSEN ERIC
acquired
-
-
895
senior vice president and cio
2023-02-19
CHAMBLISS DARRELL W
sold (taxes)
-85,749
136
-630
evp & coo

1–10 of 50

Worthing F. Jackman
20000
Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (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/or 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, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. As of December 31, 2021, it owned 334 solid waste collection operations; 142 transfer stations; 61 municipal solid waste (MSW) landfills; 12 E&P waste landfills; 14 non-MSW landfills; 71 recycling operations; 4 intermodal operations; 23 E&P liquid waste injection wells; and 19 E&P waste treatment and oil recovery facilities. The company also operates an additional 53 transfer stations, 10 MSW landfills, and 2 intermodal operations. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.

WCN Income Statement

2022-12-31
Consolidated Statements of Net Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenues$ 7,211,859$ 6,151,361$ 5,445,990
Operating expenses:   
Cost of operations4,336,0123,654,0743,276,808
Selling, general and administrative696,467612,337537,632
Depreciation763,285673,730621,102
Amortization of intangibles155,675139,279131,302
Impairments and other operating items18,23032,316466,718
Operating income1,242,1901,039,625412,428
Interest expense(202,331)(162,796)(162,375)
Interest income5,9502,9165,253
Other income (expense), net3,1546,285(1,392)
Loss on early extinguishment of debt0(115,288)0
Income before income tax provision1,048,963770,742253,914
Income tax provision(212,962)(152,253)(49,922)
Net income836,001618,489203,992
Plus (less): Net loss (income) attributable to noncontrolling interests(339)(442)685
Net income attributable to Waste Connections$ 835,662$ 618,047$ 204,677
Earnings per common share attributable to Waste Connections' common shareholders:   
Basic$ 3.25$ 2.37$ 0.78
Diluted$ 3.24$ 2.36$ 0.78
Shares used in the per share calculations:   
Basic257,383,578261,166,723263,189,699
Diluted258,038,801261,728,470263,687,539
Cash dividends per common share$ 0.945$ 0.845$ 0.760

WCN Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and equivalents$ 78,637$ 147,441
Accounts receivable, net of allowance for credit losses of $20,512 and $18,480 at December 31, 2022 and 2021, respectively833,862709,614
Prepaid expenses and other current assets205,146175,722
Total current assets1,117,6451,032,777
Restricted cash102,72772,174
Restricted investments68,09959,014
Property and equipment, net6,950,9155,721,949
Operating lease right-of-use assets192,506160,567
Goodwill6,902,2976,187,643
Intangible assets, net1,673,9171,350,597
Other assets, net126,497115,203
Total assets17,134,60314,699,924
Current liabilities:  
Accounts payable638,728392,868
Book overdraft15,64516,721
Deferred revenue325,002273,720
Accrued liabilities431,247442,596
Current portion of operating lease liabilities35,17038,017
Current portion of contingent consideration60,09262,804
Current portion of long-term debt and notes payable6,7596,020
Total current liabilities1,512,6431,232,746
Long-term debt and notes payable6,890,1495,040,500
Long-term portion of operating lease liabilities165,462129,628
Long-term portion of contingent consideration21,32331,504
Deferred income taxes1,013,742850,921
Other long-term liabilities417,640421,080
Total liabilities10,020,9597,706,379
Commitments and contingencies (Note 13)
Equity:  
Common shares: 257,211,175 shares issued and 257,145,716 shares outstanding at December 31, 2022; 260,283,158 shares issued and 260,212,496 shares outstanding at December 31, 20213,271,9583,693,027
Additional paid-in capital244,076199,482
Accumulated other comprehensive income(56,830)39,584
Treasury shares: 65,459 and 70,662 shares at December 31, 2022 and 2021, respectively
Retained earnings3,649,4943,056,845
Total Waste Connections' equity7,108,6986,988,938
Noncontrolling interest in subsidiaries4,9464,607
Total equity7,113,6446,993,545
Total liabilities and shareholders' equity$ 17,134,603$ 14,699,924