Waste Connections Stock Beta
| WCN Stock | CAD 267.05 2.95 1.09% |
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.
Waste | Beta |
Waste Connections Company Beta Analysis
Waste Connections' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Waste Connections Beta | 0.72 |
Most of Waste Connections' fundamental indicators, such as Beta, 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 Beta 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 Beta. 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.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Waste Connections has a Beta of 0.72. This is 47.45% lower than that of the Commercial Services & Supplies sector and 35.71% lower than that of the Industrials industry. The beta for all Canada stocks is notably lower than that of the firm.
Waste Beta 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 Beta 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 beta 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.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 27.0B | 35.6B | 34.1B | 38.4B | 34.6B | 36.3B | |
| Enterprise Value | 31.3B | 40.7B | 41.1B | 45.4B | 40.8B | 42.9B |
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 |
As returns on the market increase, Waste Connections' returns are expected to increase less than the market. However, during the bear market, the loss of holding Waste Connections is expected to be smaller as well.
Waste Fundamentals
| Return On Equity | 0.12 | |||
| Return On Asset | 0.0507 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.21 % | |||
| Current Valuation | 81.39 B | |||
| Shares Outstanding | 258.01 M | |||
| Shares Owned By Insiders | 0.20 % | |||
| Shares Owned By Institutions | 89.49 % | |||
| Number Of Shares Shorted | 889.92 K | |||
| Price To Earning | 177.62 X | |||
| Price To Book | 5.85 X | |||
| Price To Sales | 8.01 X | |||
| Revenue | 8.02 B | |||
| Gross Profit | 3.63 B | |||
| EBITDA | 2.26 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 | 2.99 X | |||
| Earnings Per Share | 5.24 X | |||
| Price To Earnings To Growth | 1.46 X | |||
| Target Price | 258.57 | |||
| Number Of Employees | 22.54 K | |||
| Beta | 0.72 | |||
| Market Capitalization | 69.66 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.
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 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.