Is Waste Connections Stock a Good Investment?
Waste Connections Investment Advice | WCN |
- Examine Waste Connections' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Waste Connections' leadership team and their track record. Good management can help Waste Connections navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Environmental & Facilities Services space and any emerging trends that could impact Waste Connections' business and its evolving consumer preferences.
- Compare Waste Connections' performance and market position to its competitors. Analyze how Waste Connections is positioned in terms of product offerings, innovation, and market share.
- Check if Waste Connections pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Waste Connections' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Waste Connections stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Waste Connections is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Waste Connections Stock
Researching Waste Connections' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 90.0% of the company outstanding shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 2.09. Waste Connections last dividend was issued on the 7th of November 2024. The entity had 3:2 split on the 19th of June 2017.
To determine if Waste Connections is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Waste Connections' research are outlined below:
| Waste Connections has 7.02 B in debt with debt to equity (D/E) ratio of 0.85, which is OK given its current industry classification. Waste Connections has a current ratio of 0.92, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for Waste to invest in growth at high rates of return. | |
| Over 90.0% of Waste Connections outstanding shares are owned by institutional investors | |
| On 21st of November 2024 Waste Connections paid $ 0.315 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Waste Connections, Inc. Analysts Are Bullish on This Waste Management Stock |
Waste Connections Quarterly Liabilities And Stockholders Equity |
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Waste Connections uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Waste Connections. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Waste Connections' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 13th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Waste Connections' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Waste Connections' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2000-04-27 | 2000-03-31 | 0.1 | 0.11 | 0.01 | 10 | ||
2000-02-22 | 1999-12-31 | 0.1 | 0.11 | 0.01 | 10 | ||
1999-07-28 | 1999-06-30 | 0.08 | 0.09 | 0.01 | 12 | ||
1999-05-05 | 1999-03-31 | 0.06 | 0.07 | 0.01 | 16 | ||
1998-11-03 | 1998-09-30 | 0.04 | 0.05 | 0.01 | 25 | ||
2002-04-23 | 2002-03-31 | 0.16 | 0.18 | 0.02 | 12 | ||
2001-02-20 | 2000-12-31 | 0.13 | 0.15 | 0.02 | 15 | ||
2000-10-24 | 2000-09-30 | 0.14 | 0.16 | 0.02 | 14 |
Know Waste Connections' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Waste Connections is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Waste Connections backward and forwards among themselves. Waste Connections' institutional investor refers to the entity that pools money to purchase Waste Connections' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Fidelity International Ltd | 2024-06-30 | 4.5 M | Mackenzie Investments | 2024-09-30 | 4.2 M | Norges Bank | 2024-06-30 | 4 M | 1832 Asset Management L.p | 2024-09-30 | 3.8 M | Wellington Management Company Llp | 2024-06-30 | 3.8 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 3.7 M | Td Asset Management Inc | 2024-09-30 | 3.6 M | Jpmorgan Chase & Co | 2024-06-30 | 3.4 M | Alphinity Investment Management Pty Ltd | 2024-09-30 | 3.3 M | Vanguard Group Inc | 2024-09-30 | 29.1 M | Royal Bank Of Canada | 2024-06-30 | 10.2 M |
Waste Connections' market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 48.99 B.Market Cap |
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Waste Connections' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.09 | 0.09 | |
| Return On Capital Employed | 0.08 | 0.09 | |
| Return On Assets | 0.04 | 0.04 | |
| Return On Equity | 0.10 | 0.10 |
Determining Waste Connections' profitability involves analyzing its financial statements and using various financial metrics to determine if Waste Connections is a good buy. For example, gross profit margin measures Waste Connections' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Waste Connections' profitability and make more informed investment decisions.
Waste Connections' Earnings Breakdown by Geography
Evaluate Waste Connections' management efficiency
Waste Connections has Return on Asset of 0.0507 % which means that on every $100 spent on assets, it made $0.0507 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1185 %, implying that it generated $0.1185 on every 100 dollars invested. Waste Connections' management efficiency ratios could be used to measure how well Waste Connections manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of November 2024, Return On Tangible Assets is likely to grow to 0.09. Also, Return On Capital Employed is likely to grow to 0.09. At this time, Waste Connections' Return On Tangible Assets are very stable compared to the past year. As of the 25th of November 2024, Intangibles To Total Assets is likely to grow to 0.52, while Other Assets are likely to drop 0.95.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 29.89 | 31.38 | |
| Tangible Book Value Per Share | (5.09) | (4.83) | |
| Enterprise Value Over EBITDA | 19.35 | 12.18 | |
| Price Book Value Ratio | 5.00 | 2.64 | |
| Enterprise Value Multiple | 19.35 | 12.18 | |
| Price Fair Value | 5.00 | 2.64 | |
| Enterprise Value | 45.4 B | 47.7 B |
Waste Connections showcases strong leadership that adapts to market changes and drives innovation. Our analysis explores how this adaptability affects the stock's investment appeal.
Dividend Yield 0.0066 | Forward Dividend Yield 0.0066 | Forward Dividend Rate 1.26 | Beta 0.72 |
Basic technical analysis of Waste Stock
As of the 25th of November, Waste Connections maintains the Downside Deviation of 0.9364, mean deviation of 0.6906, and Market Risk Adjusted Performance of 0.1164. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Waste Connections, as well as the relationship between them.Waste Connections' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Waste Connections insiders, such as employees or executives, is commonly permitted as long as it does not rely on Waste Connections' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Waste Connections insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Waste Connections' Outstanding Corporate Bonds
Waste Connections issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Waste Connections uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Waste bonds can be classified according to their maturity, which is the date when Waste Connections has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Understand Waste Connections' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Waste Connections' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0444 | |||
| Market Risk Adjusted Performance | 0.1164 | |||
| Mean Deviation | 0.6906 | |||
| Semi Deviation | 0.8776 | |||
| Downside Deviation | 0.9364 | |||
| Coefficient Of Variation | 1787.57 | |||
| Standard Deviation | 0.8983 | |||
| Variance | 0.807 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.1064 | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.37 | |||
| Downside Variance | 0.8769 | |||
| Semi Variance | 0.7702 | |||
| Expected Short fall | (0.72) | |||
| Skewness | (0.33) | |||
| Kurtosis | 0.1331 |
| Risk Adjusted Performance | 0.0444 | |||
| Market Risk Adjusted Performance | 0.1164 | |||
| Mean Deviation | 0.6906 | |||
| Semi Deviation | 0.8776 | |||
| Downside Deviation | 0.9364 | |||
| Coefficient Of Variation | 1787.57 | |||
| Standard Deviation | 0.8983 | |||
| Variance | 0.807 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.1064 | |||
| Maximum Drawdown | 4.0 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.37 | |||
| Downside Variance | 0.8769 | |||
| Semi Variance | 0.7702 | |||
| Expected Short fall | (0.72) | |||
| Skewness | (0.33) | |||
| Kurtosis | 0.1331 |
Consider Waste Connections' intraday indicators
Waste Connections intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Waste Connections stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Waste Connections Corporate Filings
F4 | 13th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 24th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 23rd of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 5th of August 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
Waste Stock media impact
Far too much social signal, news, headlines, and media speculation about Waste Connections that are available to investors today. That information is available publicly through Waste media outlets and privately through word of mouth or via Waste internal channels. However, regardless of the origin, that massive amount of Waste data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Waste Connections news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Waste Connections relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Waste Connections' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Waste Connections alpha.
Waste Connections Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Waste Connections can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Waste Connections Historical Investor Sentiment
Investor biases related to Waste Connections' public news can be used to forecast risks associated with an investment in Waste. The trend in average sentiment can be used to explain how an investor holding Waste can time the market purely based on public headlines and social activities around Waste Connections. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Waste Connections' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Waste Connections and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Waste Connections news discussions. The higher the estimate score, the more favorable the investor's outlook on Waste Connections.
Waste Connections Corporate Directors
| Susan Lee | Independent Director | Profile | |
| Larry Hughes | Independent Director | Profile | |
| Edward Guillet | Independent Director | Profile | |
| Michael Harlan | Lead Independent Director | Profile |
Already Invested in Waste Connections?
The danger of trading Waste Connections is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Waste Connections is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Waste Connections. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Waste Connections is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Waste Connections offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Waste Connections' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Waste Connections Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Waste Connections Stock: 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 main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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.
In summary, please note that there is a difference between Waste Connections' value and its price, as these two are different measures arrived at by various 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.