Waste Connections Stock Fundamentals
| WCN Stock | CAD 264.02 3.22 1.23% |
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' Operating Income is very stable compared to the past year. As of the 22nd of November 2024, EBIT is likely to grow to about 1.6 B, though Total Other Income Expense Net is likely to grow to (215 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 Driver Correlations
Understanding the fundamental principles of building solid financial models for Waste Connections is extremely important. It helps to project a fair market value of Waste Stock properly, considering its historical fundamentals such as Shares Outstanding. Since Waste Connections' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Waste Connections' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Waste Connections' interrelated accounts and indicators.
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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 Canada 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 first in return on equity category among its peers. It is rated first 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. Comparative valuation analysis is a catch-all model that can be used if you cannot value Waste Connections by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Waste Connections' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.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 | 38.6B | 40.5B | |
| Enterprise Value | 28.2B | 31.2B | 40.7B | 41.1B | 45.5B | 47.8B |
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.Environment Score | Governance Score | Social Score |
Waste Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0507 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.21 % | |||
| Current Valuation | 78.85 B | |||
| Shares Outstanding | 258.01 M | |||
| Shares Owned By Insiders | 0.21 % | |||
| Shares Owned By Institutions | 89.98 % | |||
| Number Of Shares Shorted | 1.13 M | |||
| Price To Earning | 177.62 X | |||
| Price To Book | 5.84 X | |||
| Price To Sales | 7.74 X | |||
| Revenue | 8.02 B | |||
| Gross Profit | 2.88 B | |||
| EBITDA | 2.5 B | |||
| Net Income | 762.83 M | |||
| Cash And Equivalents | 78.64 M | |||
| Cash Per Share | 3.27 X | |||
| Total Debt | 7.02 B | |||
| Debt To Equity | 0.75 % | |||
| Current Ratio | 1.40 X | |||
| Book Value Per Share | 32.02 X | |||
| Cash Flow From Operations | 2.13 B | |||
| Short Ratio | 5.45 X | |||
| Earnings Per Share | 5.09 X | |||
| Price To Earnings To Growth | 2.09 X | |||
| Target Price | 180.98 | |||
| Number Of Employees | 22.54 K | |||
| Beta | 0.72 | |||
| Market Capitalization | 67.29 B | |||
| Total Asset | 17.92 B | |||
| Retained Earnings | 4.14 B | |||
| Working Capital | (546.15 M) | |||
| Current Asset | 1.06 B | |||
| Current Liabilities | 835.79 M | |||
| Annual Yield | 0.01 % | |||
| 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 | 355.2 M | 373 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 | 31.02 | 32.57 | |
| 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.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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.