Clean Harbors Inc
NYSE:CLH
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Clean Harbors Inc
Intrinsic Value
The intrinsic value of one
CLH
stock under the Base Case scenario is
199.76
USD.
Compared to the current market price of 259 USD,
Clean Harbors Inc
is
Overvalued by 23%.
The Intrinsic Value is calculated as the average of DCF and Relative values:
Valuation Backtest
Clean Harbors Inc
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Fundamental Analysis
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Clean Harbors Inc. is a leading provider of environmental, energy, and industrial services throughout North America. Founded in 1980, the company has built a robust reputation for offering comprehensive waste management solutions, particularly for hazardous materials. With a diverse clientele spanning various industries—including oil and gas, manufacturing, and healthcare—Clean Harbors harnesses advanced technologies and a dedicated workforce to deliver services that ensure compliance with environmental regulations while promoting sustainable practices. Their expansive network of facilities and a fleet of specialized trucks enables them to respond swiftly to emergencies, positioning them as...
Clean Harbors Inc. is a leading provider of environmental, energy, and industrial services throughout North America. Founded in 1980, the company has built a robust reputation for offering comprehensive waste management solutions, particularly for hazardous materials. With a diverse clientele spanning various industries—including oil and gas, manufacturing, and healthcare—Clean Harbors harnesses advanced technologies and a dedicated workforce to deliver services that ensure compliance with environmental regulations while promoting sustainable practices. Their expansive network of facilities and a fleet of specialized trucks enables them to respond swiftly to emergencies, positioning them as a trusted partner in environmental stewardship.
As investors look at Clean Harbors, they should note the company's resilience in an evolving market focused on sustainability and environmental protection. The firm has experienced consistent revenue growth driven by rising demand for clean-up services, especially in light of increased regulatory scrutiny and climate change initiatives. Furthermore, Clean Harbors' commitment to innovation, such as developing safer disposal methods and recycling technologies, reinforces its competitive edge. With a strong balance sheet and a history of strategic acquisitions, the company is well-positioned to capitalize on the ongoing trends in environmental responsibility, making it an intriguing prospect for investors seeking exposure to the growing green economy.
Clean Harbors Inc. operates primarily in the environmental services sector, focusing on providing various services related to hazardous waste management and environmental compliance. The core business segments of Clean Harbors can be categorized as follows:
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Environmental Services: This segment includes a wide array of services such as hazardous and non-hazardous waste management, waste treatment and disposal, remediation services, and environmental compliance services. Clean Harbors manages and processes waste generated by industries, including oil and gas, manufacturing, and healthcare.
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Field Services: Clean Harbors offers field services for emergency response, industrial cleaning, and specialty services. This includes spill response, tank cleaning, and other industrial maintenance services that help organizations maintain compliance with environmental regulations.
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Industrial Services: This segment focuses on providing specialized services for industrial clients, including maintenance and management of industrial facilities. Services include chemical cleaning, waste management, and other industrial support services.
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Safety-Kleen: This subsidiary of Clean Harbors specializes in parts cleaning and recycling services. Safety-Kleen provides a closed-loop service that collects used cleaning fluids from industrial clients, cleans them, and returns them for reuse, thereby promoting sustainability.
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Oil and Gas: Clean Harbors also offers services tailored to the oil and gas industry, including pipeline cleaning, drilling waste management, and other specialized services to support exploration and production activities.
These segments work in tandem to provide comprehensive environmental solutions, helping companies reduce their environmental impact and comply with regulatory requirements. Clean Harbors’ focus on innovation and sustainability positions it as a leader in the environmental services industry.
Clean Harbors, Inc. possesses several competitive advantages that differentiate it from its rivals in the environmental services and waste management industry:
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Comprehensive Service Offering: Clean Harbors provides a wide range of services, including hazardous waste management, industrial services, emergency response, and environmental remediation. This comprehensive offering allows them to serve diverse industrial clients and create bundled service agreements, enhancing customer loyalty.
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Strong Regulatory Expertise: The company has extensive experience navigating complex environmental regulations. Their expertise in compliance and regulatory matters positions them as a trusted partner for clients who need assistance in managing hazardous materials and meeting regulatory requirements.
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Nationwide Infrastructure: Clean Harbors has an extensive network of treatment, storage, and disposal facilities (TSDFs) across North America. This geographical reach enables them to serve clients efficiently and respond quickly to emergencies, reducing transportation costs and improving service delivery.
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Innovation and Technology: The company invests in advanced technology and innovative processes for waste management, treatment, and disposal. This commitment to innovation helps them operate more efficiently, reduce costs, and enhance safety, giving them an edge over competitors who may lag in technological advancements.
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Strong Financial Position: Clean Harbors has sizeable financial resources, allowing it to invest in infrastructure, technology, and acquisitions. A robust balance sheet enables them to capitalize on opportunities in the growth of the environmental services market.
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Reputation and Safety Record: The company has built a strong reputation for safety and reliability. Their commitment to safety and sustainability not only attracts clients but also helps in building long-term relationships with stakeholders and the community.
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Experienced Workforce: Clean Harbors employs a highly skilled workforce with specialized training in hazardous waste management and environmental services. Their employees' expertise ensures high-quality service delivery and enhances the company’s reputation in the industry.
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Sustainability Initiatives: With increasing regulatory and societal focus on sustainability, Clean Harbors’ initiatives in waste recycling and resource recovery align with market trends towards sustainability, attracting clients who prioritize environmental responsibility.
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Strategic Acquisitions: The company has a history of strategic acquisitions that augment its service offerings and expand its market presence, allowing it to quickly gain capabilities and market share in various regions.
By leveraging these competitive advantages, Clean Harbors, Inc. is well-positioned to maintain its leadership in the environmental services sector against its rivals.
Clean Harbors Inc., being a significant player in the environmental services and waste management sector, faces several risks and challenges in the near future, including:
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Regulatory Changes: The company is subject to numerous environmental regulations. Changes in legislation could impose stricter compliance requirements, potentially increasing operational costs or limiting certain business activities.
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Economic Cycles: Clean Harbors’ business is sensitive to the economic cycle. A downturn could reduce demand for its services, particularly in sectors like oil and gas, manufacturing, and construction, impacting revenues.
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Competition: The environmental services industry is competitive. Increased competition from existing players or new entrants could pressure pricing and market share, affecting margins.
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Technological Changes: Advances in technology could change the waste management landscape. Failure to adopt new technologies or innovations could result in a competitive disadvantage.
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Public Perception and Environmental Impact: The company’s operations are heavily scrutinized by the public. Any incidents involving environmental contamination or safety violations could damage its reputation, leading to loss of business.
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Supply Chain Disruptions: Global supply chain issues can affect the availability and cost of necessary materials and equipment, leading to operational challenges and increased costs.
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Labor Issues: The company may face challenges related to workforce availability, training, and labor costs. Strikes or labor disputes could disrupt operations.
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Commodity Price Volatility: Clean Harbors’ operations, particularly in its oil and gas segments, are influenced by commodity prices. Significant fluctuations can impact profitability.
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Cybersecurity Threats: As a company that utilizes technology for operations, Clean Harbors may face cybersecurity risks that could lead to operational disruptions or data breaches.
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Global Trends and Sustainability: Increasing global focus on sustainability and climate change may drive shifts in how waste is managed. The company needs to adapt to meet these evolving customer preferences and regulatory frameworks.
Navigating these challenges will require strategic planning and proactive management to ensure sustainable growth and maintain market leadership.
Revenue & Expenses Breakdown
Clean Harbors Inc
Balance Sheet Decomposition
Clean Harbors Inc
| Current Assets | 2.4B |
| Cash & Short-Term Investments | 594.7m |
| Receivables | 1.3B |
| Other Current Assets | 454.8m |
| Non-Current Assets | 5B |
| PP&E | 2.7B |
| Intangibles | 2.2B |
| Other Non-Current Assets | 59.2m |
| Current Liabilities | 1.1B |
| Accounts Payable | 504.2m |
| Accrued Liabilities | 468.8m |
| Other Current Liabilities | 148.9m |
| Non-Current Liabilities | 3.7B |
| Long-Term Debt | 2.8B |
| Other Non-Current Liabilities | 882.2m |
Earnings Waterfall
Clean Harbors Inc
|
Revenue
|
5.8B
USD
|
|
Cost of Revenue
|
-4B
USD
|
|
Gross Profit
|
1.8B
USD
|
|
Operating Expenses
|
-1.1B
USD
|
|
Operating Income
|
680.6m
USD
|
|
Other Expenses
|
-263.9m
USD
|
|
Net Income
|
416.7m
USD
|
Free Cash Flow Analysis
Clean Harbors Inc
| USD | |
| Free Cash Flow | USD |
In Q3, Clean Harbors' revenue rose 12% year-over-year, totaling $1.54 billion, while adjusted EBITDA increased to $302 million, with a margin of 19.7%. The company projected 2024 adjusted EBITDA guidance at $1.11 billion, a 10% increase, though SKSS expects a 12-14% decrease due to soft lubricant demand. Notably, cash flow expectations were lowered to a range of $280-$320 million. Challenges in Industrial Services and a delay in HEPACO integration impacted performance, but strong demand in Environmental Services offers a positive outlook heading into 2025.
What is Earnings Call?
CLH Profitability Score
Profitability Due Diligence
Clean Harbors Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Clean Harbors Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
CLH Solvency Score
Solvency Due Diligence
Clean Harbors Inc's solvency score is 46/100. The higher the solvency score, the more solvent the company is.
Score
Clean Harbors Inc's solvency score is 46/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
CLH Price Targets Summary
Clean Harbors Inc
According to Wall Street analysts, the average 1-year price target for
CLH
is 273.71 USD
with a low forecast of 248.46 USD and a high forecast of 304.5 USD.
Click here to dive deeper.
Dividends
Current shareholder yield for CLH is
.
Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?
Ownership
CLH Insider Trading
Buy and sell transactions by insiders
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Profile
Clean Harbors Inc
Country
Industry
Market Cap
Dividend Yield
Description
Clean Harbors, Inc. engages in the provision of environmental, energy, and industrial services. The company is headquartered in Norwell, Massachusetts and currently employs 18,300 full-time employees. The company is also the re-refiner and recycler of used oil, and the provider of parts cleaning and related environmental services to commercial, industrial and automotive customers. The company has two segments. Its Environmental Services segment collects, transports, treats and disposes of hazardous and non-hazardous waste, including resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemical disposal, explosives management and CleanPack services. Its CleanPack services include the collection, identification, categorization, specialized packaging, transportation and disposal of laboratory chemicals and household hazardous waste. Its Technical Services segment provides technical services through a network of service centers, from which a fleet of vehicles are dispatched to pick up customers' waste either on a predetermined schedule or on demand.
Contact
IPO
Employees
Officers
The intrinsic value of one
CLH
stock under the Base Case scenario is
199.76
USD.
Compared to the current market price of 259 USD,
Clean Harbors Inc
is
Overvalued by 23%.
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