WCN - Waste Connections Inc Stock Price, Fair Value and News

166.24USD+1.22 (+0.74%)Market Closed

Market Summary

USD166.24+1.22

Market Closed

0.74%

WCN Stock Price

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WCN RSI Chart

WCN Valuation

Market Cap

42.6B

Price/Earnings (Trailing)

55.79

Price/Sales (Trailing)

5.3

EV/EBITDA

23.39

Price/Free Cashflow

35.68

WCN Price/Sales (Trailing)

WCN Profitability

EBT Margin

12.26%

Return on Equity

9.92%

Return on Assets

4.26%

Free Cashflow Yield

2.8%

WCN Fundamentals

WCN Revenue

Revenue (TTM)

8.0B

Rev. Growth (Yr)

8.9%

Rev. Growth (Qtr)

-1.41%

WCN Earnings

Earnings (TTM)

762.8M

Earnings Growth (Yr)

-34.75%

Earnings Growth (Qtr)

-44.65%

Breaking Down WCN Revenue

Last 7 days

-1.2%

Last 30 days

-3.1%

Last 90 days

8.5%

Trailing 12 Months

14.9%

How does WCN drawdown profile look like?

WCN Financial Health

Current Ratio

0.68

Debt/Equity

0.87

Debt/Cashflow

0.32

WCN Investor Care

Dividend Yield

0.64%

Dividend/Share (TTM)

1.05

Shares Dilution (1Y)

0.18%

Diluted EPS (TTM)

2.96

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	7.5B	7.7B	7.9B	8.0B
2022	6.4B	6.7B	7.0B	7.2B
2021	5.5B	5.7B	5.9B	6.2B
2020	5.5B	5.4B	5.4B	5.4B
2019	5.0B	5.2B	5.3B	5.4B
2018	4.7B	4.7B	4.8B	4.9B
2017	4.0B	4.1B	4.5B	4.6B
2016	2.1B	2.3B	2.9B	3.4B
2015	2.1B	2.1B	2.1B	2.1B
2014	2.0B	2.1B	2.1B	2.1B
2013	1.9B	2.0B	2.0B	2.0B
2012	1.9B	1.9B	1.9B	1.9B
2011	0	0	0	1.8B
2010	0	0	0	1.4B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Waste Connections Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 07, 2024	little james	sold	-1,011,840	168	-6,000	executive vp engineering
Mar 07, 2024	guillet edward e	sold	-337,590	168	-2,000	-
Mar 01, 2024	sparks carl	sold (taxes)	-29,617	165	-179	-
Mar 01, 2024	sparks carl	acquired	-	-	334	-
Feb 26, 2024	rivard philip	sold	-212,764	170	-1,250	sr vp business development
Feb 23, 2024	cloninger robert michael	sold	-637,613	170	-3,746	sr vp, deputy general counsel
Feb 23, 2024	cloninger robert michael	gifted	-	-	-633	sr vp, deputy general counsel
Feb 22, 2024	bertone andrea e.	sold	-152,590	169	-902	-
Feb 20, 2024	shea patrick james	sold	-1,511,780	167	-9,000	exec vp, general counsel & sec
Feb 20, 2024	hansen eric	sold	-592,005	168	-3,523	senior vice president and cio

Which funds bought or sold WCN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	reduced	-3.24	12,178,500	120,086,000	0.08%
Apr 19, 2024	Copeland Capital Management, LLC	added	8.15	4,400,710	22,269,700	0.41%
Apr 19, 2024	Mesirow Financial Investment Management, Inc.	sold off	-100	-268,134	-	-%
Apr 19, 2024	Maryland State Retirement & Pension System	added	52.67	894,879	2,216,240	0.04%
Apr 19, 2024	CALDWELL SUTTER CAPITAL, INC.	unchanged	-	500	3,784	-%
Apr 19, 2024	Legacy Wealth Asset Management, LLC	added	1.82	212,906	1,441,100	0.40%
Apr 19, 2024	AZZAD ASSET MANAGEMENT INC /ADV	reduced	-2.9	100,344	944,018	0.11%
Apr 19, 2024	Wealthfront Advisers LLC	reduced	-1.72	443,766	3,791,440	0.01%
Apr 19, 2024	First Trust Direct Indexing L.P.	added	2.88	115,422	737,585	0.06%
Apr 19, 2024	Arcus Capital Partners, LLC	added	23.08	234,281	794,343	0.25%

Are Funds Buying or Selling WCN?

Are funds buying WCN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WCN

No. of Funds

Unveiling Waste Connections Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.03%	28,410,377	SC 13G/A
Jun 08, 2023	blackrock inc.	4.97%	12,818,779	SC 13G/A
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	price t rowe associates inc /md/	9.5%	24,982,516	SC 13G/A
Feb 10, 2021	price t rowe associates inc /md/	10.7%	28,255,228	SC 13G/A
Feb 10, 2021	vanguard group inc	9.92%	26,074,347	SC 13G/A

Recent SEC filings of Waste Connections Inc

View All Filings

Date Filed	Form Type	Document
Apr 04, 2024	ARS	ARS
Apr 04, 2024	DEF 14A	DEF 14A
Apr 04, 2024	DEFA14A	DEFA14A
Mar 11, 2024	4	Insider Trading
Mar 11, 2024	4	Insider Trading
Mar 07, 2024	144	Notice of Insider Sale Intent
Mar 07, 2024	144	Notice of Insider Sale Intent
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	3	Insider Trading
Feb 29, 2024	8-K	Current Report

Peers (Alternatives to Waste Connections Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	101.2B	18.6B	-1.80%	12.81%	28.45	5.45	7.76%	13.08%
CTAS	67.1B	9.4B	4.15%	44.12%	44.63	7.13	9.34%	15.98%
CPRT	50.9B	4.1B	-7.03%	35.50%	37.5	12.53	10.52%	25.37%
EFX	27.1B	5.3B	-18.28%	6.96%	49.76	5.15	2.79%	-21.68%
BAH	18.6B	10.3B	-3.21%	44.25%	45.33	1.8	13.90%	-5.05%
ALLE	11.0B	3.7B	-7.50%	20.11%	20.27	3	11.58%	17.98%
MID-CAP
RHI	7.4B	6.4B	-12.37%	-5.88%	17.98	1.16	-11.68%	-37.51%
AL	5.4B	2.7B	5.12%	25.58%	8.86	2.03	15.87%	733.47%
SRCL	4.6B	2.7B	-5.28%	18.66%	-216.9	1.74	-1.68%	-137.70%
ABM	2.8B	8.2B	1.26%	3.84%	10.9	0.34	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	1.5B	-5.46%	87.76%	83.32	1.25	41.33%	169.51%
ALTG	380.2M	1.9B	-8.66%	-17.32%	42.72	0.2	19.40%	-4.30%
ARC	113.8M	281.2M	2.30%	-12.75%	13.81	0.4	-1.68%	-25.77%
AQMS	54.9M	1.1M	4.26%	-57.76%	-2.29	49.78	336.95%	-55.13%
AWX	8.8M	80.5M	-5.83%	-18.12%	-4.9	0.11	-0.82%	-207.00%

Waste Connections Inc News

Latest updates

Waste Connections Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-1.4%	2,036	2,065	2,021	1,901	1,869	1,880	1,816	1,646	1,624	1,597	1,534	1,396	1,398	1,390	1,306	1,352	1,362	1,412	1,370	1,245	1,262
S&GA Expenses	-1.8%	193	196	216	194	178	187	168	163	157	156	158	141	133	136	132	136	136	138	140	133	126
EBITDA Margin	-5.4%	0.26*	0.28*	0.28*	0.28*	0.28*	0.28*	0.26*	0.26*	0.26*	0.26*	0.28*	0.20*	-	-	-	-	-	-	-	-	-
Interest Expenses	1.0%	70.00	69.00	68.00	68.00	65.00	51.00	45.00	41.00	39.00	40.00	41.00	42.00	43.00	41.00	41.00	38.00	36.00	37.00	37.00	37.00	35.00
Income Taxes	-44.8%	35.00	63.00	69.00	54.00	57.00	49.00	58.00	49.00	46.00	18.00	48.00	40.00	26.00	34.00	-38.74	29.00	29.00	43.00	40.00	28.00	33.00
Earnings Before Taxes	-44.8%	161	292	278	252	251	286	283	229	212	133	225	201	157	192	-266	172	162	202	189	154	166
EBT Margin	-10.3%	0.12*	0.14*	0.14*	0.14*	0.15*	0.14*	0.13*	0.12*	0.13*	0.12*	0.14*	0.05*	-	-	-	-	-	-	-	-	-
Net Income	-44.7%	127	229	209	198	194	237	224	180	166	114	177	160	131	158	-227	143	133	159	149	126	132
Net Income Margin	-10.0%	0.10*	0.11*	0.11*	0.11*	0.12*	0.12*	0.10*	0.10*	0.10*	0.10*	0.11*	0.04*	-	-	-	-	-	-	-	-	-
Free Cashflow	-28.6%	237	333	356	267	228	280	314	289	163	213	273	304	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.0%	17,916	17,731	17,360	17,227	17,135	16,131	15,416	15,414	14,700	14,275	14,106	14,043	13,992	13,849	13,594	14,279	13,738	13,270	13,146	12,932	12,627
Current Assets	-0.9%	1,142	1,152	1,112	1,134	1,118	1,230	1,258	1,413	1,033	1,160	1,506	1,504	1,408	1,591	1,505	1,962	1,131	1,105	991	1,243	1,093
Cash Equivalents	-18.5%	78.00	96.00	92.00	134	79.00	308	325	463	220	458	838	849	714	956	883	1,284	423	396	294	585	404
Net PPE	1.9%	7,228	7,097	7,030	6,957	6,951	6,353	5,858	5,771	5,722	5,415	5,250	5,233	5,285	5,193	5,046	5,416	5,516	5,375	5,318	5,120	5,169
Goodwill	1.2%	7,404	7,313	6,992	6,941	6,902	6,575	6,458	6,428	6,188	6,007	5,819	5,754	5,727	5,535	5,488	5,386	5,511	5,298	5,317	5,066	5,032
Liabilities	0.8%	10,218	10,140	9,900	9,988	10,021	9,187	8,547	8,655	7,706	7,392	7,238	7,101	7,129	7,183	7,098	7,592	6,799	6,474	6,438	6,363	6,167
Current Liabilities	7.1%	1,688	1,576	1,463	1,383	1,513	1,379	1,338	1,258	1,233	1,145	1,092	1,107	1,029	1,135	1,039	990	1,007	992	943	844	887
Long Term Debt	-1.2%	6,725	6,803	6,681	6,922	6,890	6,212	5,634	5,818	5,041	4,869	4,763	4,614	4,709	4,680	4,695	5,161	4,354	4,039	4,083	4,157	4,153
LT Debt, Current	-	-	-	-	11.00	7.00	7.00	6.00	28.00	6.00	5.00	7.00	105	8.00	7.00	8.00	4.00	0.00	1.00	1.00	1.00	2.00
LT Debt, Non Current	-	-	-	-	6,922	6,890	6,212	5,634	5,818	5,041	4,869	4,763	4,614	4,709	4,680	4,695	5,161	4,354	4,039	4,083	4,157	4,153
Shareholder's Equity	1.4%	7,693	7,586	7,459	7,239	7,109	6,943	6,870	6,759	6,994	6,883	6,869	6,942	6,863	6,666	6,496	6,687	6,938	6,796	6,708	6,569	6,460
Retained Earnings	1.3%	4,142	4,089	3,925	3,782	3,649	3,520	3,342	3,178	3,057	2,950	2,889	2,765	2,659	2,582	2,473	2,749	2,654	2,570	2,453	2,346	2,265
Additional Paid-In Capital	5.2%	284	270	256	238	244	229	211	196	199	185	172	162	171	163	151	141	155	147	138	128	134
Shares Outstanding	0.0%	258	258	258	257	257	257	258	259	261	261	262	263	263	-	-	-	-	-	-	-	-
Minority Interest	-2.4%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	4.00	5.00	5.00	5.00	5.00	6.00	6.00
Float	-	-	-	36,710	-	-	-	31,785	-	-	-	31,023	-	-	-	24,589	-	-	-	25,124	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	0.3%	556	554	574	442	522	526	533	441	428	421	448	400	223	432	384	370	355	432	389	364	373
Share Based Compensation	-2.2%	14.00	15.00	23.00	18.00	15.00	21.00	13.00	15.00	16.00	14.00	18.00	10.00	7.00	14.00	12.00	13.00	7.00	9.00	12.00	15.00	8.00
Cashflow From Investing	31.9%	-395	-580	-286	-317	-1,228	-966	-402	-489	-658	-702	-232	-100	-395	-290	-226	-133	-540	-245	-512	-128	-501
Cashflow From Financing	-882.3%	-177	23.00	-323	-65.42	578	425	-266	292	-7.91	-98.40	-227	-165	-74.13	-71.61	-559	627	212	-84.78	-168	-55.20	208
Dividend Payments	12.4%	74.00	66.00	65.00	66.00	65.00	59.00	59.00	59.00	59.00	53.00	53.00	54.00	54.00	49.00	49.00	48.00	49.00	42.00	42.00	42.00	42.00
Buy Backs	-	-	-	-	-	-	-	-	425	33.00	-	240	66.00	-	-	-	106	-	-	-	-	17.00

WCN Income Statement

2023-12-31

Consolidated Statements of Net Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 8,021,951	$ 7,211,859	$ 6,151,361
Operating expenses:
Cost of operations	4,744,513	4,336,012	3,654,074
Selling, general and administrative	799,119	696,467	612,337
Depreciation	845,638	763,285	673,730
Amortization of intangibles	157,573	155,675	139,279
Impairments and other operating items	238,796	18,230	32,316
Operating income	1,236,312	1,242,190	1,039,625
Interest expense	(274,642)	(202,331)	(162,796)
Interest income	9,350	5,950	2,916
Other income, net	12,481	3,154	6,285
Loss on early extinguishment of debt	0	0	(115,288)
Income before income tax provision	983,501	1,048,963	770,742
Income tax provision	(220,675)	(212,962)	(152,253)
Net income	762,826	836,001	618,489
Less: Net income attributable to noncontrolling interests	(26)	(339)	(442)
Net income attributable to Waste Connections	$ 762,800	$ 835,662	$ 618,047
Earnings per common share attributable to Waste Connections' common shareholders:
Basic	$ 2.96	$ 3.25	$ 2.37
Diluted	$ 2.95	$ 3.24	$ 2.36
Shares used in the per share calculations:
Basic	257,551,129	257,383,578	261,166,723
Diluted	258,149,244	258,038,801	261,728,470
Cash dividends per common share	$ 1.050	$ 0.945	$ 0.845

WCN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and equivalents	$ 78,399	$ 78,637
Accounts receivable, net of allowance for credit losses of $23,553 and $22,939 at December 31, 2023 and 2022, respectively	856,953	833,862
Prepaid expenses and other current assets	206,433	205,146
Total current assets	1,141,785	1,117,645
Restricted cash	105,639	102,727
Restricted investments	70,350	68,099
Property and equipment, net	7,228,331	6,950,915
Operating lease right-of-use assets	261,782	192,506
Goodwill	7,404,400	6,902,297
Intangible assets, net	1,603,541	1,673,917
Other assets, net	100,048	126,497
Total assets	17,915,876	17,134,603
Current liabilities:
Accounts payable	642,455	638,728
Book overdraft	14,855	15,645
Deferred revenue	355,203	325,002
Accrued liabilities	521,428	431,247
Current portion of operating lease liabilities	32,533	35,170
Current portion of contingent consideration	94,996	60,092
Current portion of long-term debt and notes payable	26,462	6,759
Total current liabilities	1,687,932	1,512,643
Long-term portion of debt and notes payable	6,724,771	6,890,149
Long-term portion of operating lease liabilities	238,440	165,462
Long-term portion of contingent consideration	20,034	21,323
Deferred income taxes	1,022,480	1,013,742
Other long-term liabilities	524,438	417,640
Total liabilities	10,218,095	10,020,959
Commitments and contingencies (Note 13)
Equity:
Common shares: 257,659,921 shares issued and 257,600,479 shares outstanding at December 31, 2023; 257,211,175 shares issued and 257,145,716 shares outstanding at December 31, 2022	3,276,661	3,271,958
Additional paid-in capital	284,284	244,076
Accumulated other comprehensive loss	(9,826)	(56,830)
Treasury shares: 59,442 and 65,459 shares at December 31, 2023 and 2022, respectively	0	0
Retained earnings	4,141,690	3,649,494
Total Waste Connections' equity	7,692,809	7,108,698
Noncontrolling interest in subsidiaries	4,972	4,946
Total equity	7,697,781	7,113,644
Total liabilities and equity	$ 17,915,876	$ 17,134,603

About Waste Connections Inc

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. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.

CEO	Mr. Ronald J. Mittelstaedt
WEBSITE	wasteconnections.com
INDUSTRY	Information Technology Services
EMPLOYEES	22109

Waste Connections Inc Frequently Asked Questions

What is the ticker symbol for Waste Connections Inc? What does WCN stand for in stocks?

WCN is the stock ticker symbol of Waste Connections Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Waste Connections Inc (WCN)?

As of Fri Apr 19 2024, market cap of Waste Connections Inc is 42.56 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WCN stock?

You can check WCN's fair value in chart for subscribers.

What is the fair value of WCN stock?

You can check WCN's fair value in chart for subscribers. The fair value of Waste Connections Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Waste Connections Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WCN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Waste Connections Inc a good stock to buy?

The fair value guage provides a quick view whether WCN is over valued or under valued. Whether Waste Connections Inc is cheap or expensive depends on the assumptions which impact Waste Connections Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WCN.

What is Waste Connections Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, WCN's PE ratio (Price to Earnings) is 55.79 and Price to Sales (PS) ratio is 5.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WCN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Waste Connections Inc's stock?

In the past 10 years, Waste Connections Inc has provided 0.196 (multiply by 100 for percentage) rate of return.