Waste Connections Inc
TSX:WCN

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Waste Connections Inc
TSX:WCN
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Price: 267.58 CAD -1.87%
Market Cap: 69.1B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one WCN stock under the Base Case scenario is 249.75 CAD. Compared to the current market price of 267.58 CAD, Waste Connections Inc is Overvalued by 7%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

WCN Relative Value
Base Case
249.75 CAD
Overvaluation 7%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.6
P/S
P/S
Price to Sales
5.6
vs History
11
vs Industry
11
Median 3Y
5.1
Median 5Y
5.1
Industry
1.1
Forward
5.1
More Details
80.7
P/E
P/E
Price to Earnings
80.7
vs History
19
vs Industry
5
Median 3Y
50.5
Median 5Y
52.6
Industry
15.5
Forward
36
More Details
22.3
P/OCF
P/OCF
Price to OCF
22.3
vs History
3
vs Industry
13
Median 3Y
19.1
Median 5Y
18.9
Industry
9
More Details
22.1
P/FCFE
P/FCFE
Price to FCFE
22.1
vs History
30
vs Industry
20
Median 3Y
19.7
Median 5Y
20.4
Industry
15.4
More Details
6.3
P/B
P/B
Price to Book Value
6.3
vs History
0
vs Industry
7
Median 3Y
5.2
Median 5Y
4.9
Industry
1.5
More Details
6.5
EV/S
EV/S
Enterprise Value to Sales
6.5
vs History
4
vs Industry
10
Median 3Y
5.9
Median 5Y
5.9
Industry
1.4
Forward
6
More Details
15.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
15.5
vs History
14
vs Industry
14
Median 3Y
14.7
Median 5Y
14.6
Industry
4.1
More Details
20.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
20.1
vs History
17
vs Industry
13
Median 3Y
19.2
Median 5Y
19.2
Industry
8
Forward
17.9
More Details
33.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
33.8
vs History
22
vs Industry
9
Median 3Y
32.3
Median 5Y
33
Industry
11.4
Forward
29.2
More Details
25.8
EV/OCF
EV/OCF
Enterprise Value to OCF
25.8
vs History
1
vs Industry
13
Median 3Y
22.3
Median 5Y
21.8
Industry
9.5
More Details
49.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
49.1
vs History
0
vs Industry
7
Median 3Y
40.2
Median 5Y
39.8
Industry
12.6
More Details
3
EV/IC
EV/IC
Enterprise Value to IC
3
vs History
0
vs Industry
11
Median 3Y
2.7
Median 5Y
2.6
Industry
1.1
More Details

Multiples Across Competitors

WCN Competitors Multiples
Waste Connections Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Waste Connections Inc
TSX:WCN
68.7B CAD 5.6 80.7 20.1 33.8
US
Waste Management Inc
NYSE:WM
90.7B USD 4.1 33.1 17.6 27.2
US
Republic Services Inc
NYSE:RSG
75B USD 4.7 36.7 17.4 27.1
US
Rollins Inc
NYSE:ROL
26.7B USD 7.9 57.3 35.1 41.2
US
Veralto Corp
NYSE:VLTO
22.6B USD 4.4 27.3 18.7 19.9
CA
GFL Environmental Inc
TSX:GFL
26.4B CAD 3.3 -32.9 17.6 77.7
US
Clean Harbors Inc
NYSE:CLH
11.4B USD 1.9 28.2 12.4 19.8
UK
Rentokil Initial PLC
LSE:RTO
8.7B GBP 1.6 28.2 8.8 14.7
US
Tetra Tech Inc
NASDAQ:TTEK
8.3B USD 1.9 32.1 14.9 16.8
US
Stericycle Inc
NASDAQ:SRCL
8.1B USD 3.1 224 21.7 42.9
US
Casella Waste Systems Inc
NASDAQ:CWST
7.2B USD 4.6 531.5 23.2 76.9
P/E Multiple
Earnings Growth PEG
CA
Waste Connections Inc
TSX:WCN
Average P/E: 107.9
80.7
43%
1.9
US
Waste Management Inc
NYSE:WM
33.1
13%
2.5
US
Republic Services Inc
NYSE:RSG
36.7
9%
4.1
US
Rollins Inc
NYSE:ROL
57.3
14%
4.1
US
Veralto Corp
NYSE:VLTO
27.3
10%
2.7
CA
GFL Environmental Inc
TSX:GFL
Negative Multiple: -32.9 N/A N/A
US
Clean Harbors Inc
NYSE:CLH
28.2
14%
2
UK
Rentokil Initial PLC
LSE:RTO
28.2
-24%
N/A
US
Tetra Tech Inc
NASDAQ:TTEK
32.1
14%
2.3
US
Stericycle Inc
NASDAQ:SRCL
224
N/A N/A
US
Casella Waste Systems Inc
NASDAQ:CWST
531.5
104%
5.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Waste Connections Inc
TSX:WCN
Average EV/EBITDA: 18.9
20.1
10%
2
US
Waste Management Inc
NYSE:WM
17.6
12%
1.5
US
Republic Services Inc
NYSE:RSG
17.4
7%
2.5
US
Rollins Inc
NYSE:ROL
35.1
11%
3.2
US
Veralto Corp
NYSE:VLTO
18.7
7%
2.7
CA
GFL Environmental Inc
TSX:GFL
17.6
5%
3.5
US
Clean Harbors Inc
NYSE:CLH
12.4
10%
1.2
UK
Rentokil Initial PLC
LSE:RTO
8.8
5%
1.8
US
Tetra Tech Inc
NASDAQ:TTEK
14.9
7%
2.1
US
Stericycle Inc
NASDAQ:SRCL
21.7
9%
2.4
US
Casella Waste Systems Inc
NASDAQ:CWST
23.2
14%
1.7

See Also

Summary
WCN intrinsic value, competitors valuation, and company profile.
DCF Valuation
WCN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
WCN stock valuation using valuation multiples.
Wall Street Estimates
WCN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
WCN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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