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Waste Connections Inc
TSX:WCN

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Waste Connections Inc
TSX:WCN
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Price: 220.99 CAD -2.6% Market Closed
Market Cap: CA$56.6B

P/S

4.4
Current
11%
Cheaper
vs 3-y average of 5

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4.4
=
Market Cap
CA$57.7B
/
Revenue
$9.6B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
4.4
=
Market Cap
CA$57.7B
/
Revenue
$9.6B

Valuation Scenarios

Waste Connections Inc is trading below its 3-year average

If P/S returns to its 3-Year Average (5), the stock would be worth CA$248.76 (13% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-55%
Maximum Upside
+17%
Average Downside
15%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 4.4 CA$220.99
0%
3-Year Average 5 CA$248.76
+13%
5-Year Average 5.2 CA$259.05
+17%
Industry Average 2 CA$98.92
-55%
Country Average 2.9 CA$146.01
-34%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
CA$57.7B
/
Apr 2026
$9.6B
=
4.4
Current
CA$57.7B
/
Dec 2026
$10B
=
5.7
Forward
CA$57.7B
/
Dec 2027
$10.7B
=
5.4
Forward
CA$57.7B
/
Dec 2028
$11.4B
=
5.1
Forward
CA$57.7B
/
Dec 2029
$12.1B
=
4.8
Forward
CA$57.7B
/
Dec 2030
$12.8B
=
4.5
Forward
CA$57.7B
/
Dec 2031
$13.7B
=
4.2
Forward
CA$57.7B
/
Dec 2032
$14.5B
=
4
Forward
CA$57.7B
/
Dec 2033
$15.4B
=
3.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

In line with most companies in Canada
Percentile
67th
Based on 2 477 companies
67th percentile
4.4
Low
0 — 1.4
Typical Range
1.4 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.4
Median 2.9
70th Percentile 4.9
Max 15 623 917.6

Waste Connections Inc
Glance View

In the realm of waste management, where efficiency and sustainability meet, Waste Connections Inc. stands out with its robust business model and strategic positioning. Founded in 1997, this North American waste services company has grown through a blend of organic growth and strategic acquisitions. It predominantly operates in secondary markets—those midsize cities and rural areas often overlooked by larger competitors. This shrewd focus allows Waste Connections to minimize competition while maximizing market penetration. By offering comprehensive waste management services, which include collection, transfer, disposal, and recycling, the company ensures a steady stream of revenue, bolstered by long-term contracts with municipalities and commercial customers. The company is not merely a passive player in the waste industry; it's an essential cog in the wheel, transforming refuse into resources. Revenue generation for Waste Connections is further fortified by its vertical integration. By owning the entire chain of operations from pick-up to processing, the company efficiently controls costs and enhances service quality. This control not only ensures better margins but also fosters customer loyalty by providing reliable and tailored waste solutions. Moreover, Waste Connections is committed to environmental stewardship, investing in technology to optimize landfill gas capture and advancing efforts in recycling and renewable energy initiatives, which positions the company favorably in an era focused on sustainability. The blend of strategic location focus, vertical integration, and environmental initiatives underscores Waste Connections Inc.'s narrative as a pragmatic industry leader that balances business acumen with environmental responsibility to maintain its growth trajectory.

WCN Intrinsic Value
163.01 CAD
Overvaluation 26%
Intrinsic Value
Price CA$220.99
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