Waste Connections Stock Fundamentals
| WCN Stock | USD 192.81 2.94 1.55% |
Waste Connections fundamentals help investors to digest information that contributes to Waste Connections' financial success or failures. It also enables traders to predict the movement of Waste Stock. The fundamental analysis module provides a way to measure Waste Connections' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Waste Connections stock.
At this time, Waste Connections' EBITDA is very stable compared to the past year. As of the 25th of November 2024, Cost Of Revenue is likely to grow to about 5 B, though Total Other Income Expense Net is likely to grow to (240.2 M). Waste | Select Account or Indicator |
Waste Connections Company Shares Outstanding Analysis
Waste Connections' Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Waste Connections Shares Outstanding | 258.01 M |
Most of Waste Connections' fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Waste Connections is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Waste Shares Outstanding Historical Pattern
Today, most investors in Waste Connections Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Waste Connections' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Waste Connections shares outstanding as a starting point in their analysis.
Waste Connections Shares Outstanding |
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Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
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Waste Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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Based on the latest financial disclosure, Waste Connections has 258.01 M of shares currently outstending. This is 77.03% higher than that of the Commercial Services & Supplies sector and 118.27% higher than that of the Industrials industry. The shares outstanding for all United States stocks is 54.88% higher than that of the company.
Waste Connections Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Waste Connections's current stock value. Our valuation model uses many indicators to compare Waste Connections value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Waste Connections competition to find correlations between indicators driving Waste Connections's intrinsic value. More Info.Waste Connections is rated fifth in return on equity category among its peers. It is rated fifth in return on asset category among its peers reporting about 0.43 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Waste Connections is roughly 2.34 . At this time, Waste Connections' Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Waste Connections' earnings, one of the primary drivers of an investment's value.Waste Connections' Earnings Breakdown by Geography
Waste Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Waste Connections' direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Waste Connections could also be used in its relative valuation, which is a method of valuing Waste Connections by comparing valuation metrics of similar companies.Waste Connections is currently under evaluation in shares outstanding category among its peers.
Waste Connections Current Valuation Drivers
We derive many important indicators used in calculating different scores of Waste Connections from analyzing Waste Connections' financial statements. These drivers represent accounts that assess Waste Connections' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Waste Connections' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 23.9B | 27.0B | 35.6B | 34.1B | 38.4B | 40.4B | |
| Enterprise Value | 28.2B | 31.3B | 40.7B | 41.1B | 45.4B | 47.7B |
Waste Connections ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Waste Connections' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Waste Connections' managers, analysts, and investors.Environmental | Governance | Social |
Waste Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0507 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.21 % | ||||
| Current Valuation | 57.36 B | ||||
| Shares Outstanding | 258.01 M | ||||
| Shares Owned By Insiders | 0.21 % | ||||
| Shares Owned By Institutions | 90.04 % | ||||
| Number Of Shares Shorted | 1.14 M | ||||
| Price To Earning | 166.85 X | ||||
| Price To Book | 5.93 X | ||||
| Price To Sales | 5.63 X | ||||
| Revenue | 8.02 B | ||||
| Gross Profit | 2.88 B | ||||
| EBITDA | 2.35 B | ||||
| Net Income | 776.79 M | ||||
| Cash And Equivalents | 78.64 M | ||||
| Cash Per Share | 0.86 X | ||||
| Total Debt | 7.02 B | ||||
| Debt To Equity | 0.85 % | ||||
| Current Ratio | 0.94 X | ||||
| Book Value Per Share | 32.02 X | ||||
| Cash Flow From Operations | 2.17 B | ||||
| Short Ratio | 1.51 X | ||||
| Earnings Per Share | 3.65 X | ||||
| Price To Earnings To Growth | 2.09 X | ||||
| Target Price | 195.26 | ||||
| Number Of Employees | 22.54 K | ||||
| Beta | 0.72 | ||||
| Market Capitalization | 48.99 B | ||||
| Total Asset | 17.92 B | ||||
| Retained Earnings | 4.14 B | ||||
| Working Capital | (546.15 M) | ||||
| Current Asset | 784.63 M | ||||
| Current Liabilities | 689.25 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 0.70 % | ||||
| Net Asset | 17.92 B | ||||
| Last Dividend Paid | 1.14 |
About Waste Connections Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Waste Connections's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Waste Connections using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Waste Connections based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 353.4 M | 371.1 M | |
| Total Revenue | 8 B | 8.4 B | |
| Cost Of Revenue | 4.7 B | 5 B | |
| Stock Based Compensation To Revenue | 0.01 | 0.01 | |
| Sales General And Administrative To Revenue | 0.10 | 0.12 | |
| Capex To Revenue | 0.12 | 0.11 | |
| Revenue Per Share | 31.15 | 32.70 | |
| Ebit Per Revenue | 0.15 | 0.21 |
Pair Trading with Waste Connections
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waste Connections position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waste Connections will appreciate offsetting losses from the drop in the long position's value.Moving against Waste Stock
The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waste Connections - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waste Connections to buy it.
The correlation of Waste Connections is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Waste Connections can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Waste Connections Piotroski F Score and Waste Connections Altman Z Score analysis. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Stocks Directory module to find actively traded stocks across global markets.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Connections. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Connections listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.339 | Dividend Share 1.14 | Earnings Share 3.65 | Revenue Per Share 33.72 | Quarterly Revenue Growth 0.133 |
The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.