Waste Connections, Inc. provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals. The company owns and operates transfer stations that receive compact and/or load waste to be transported to landfills or treatment facilities through truck, rail, or barge; and intermodal services for the rail haul movement of cargo and solid waste containers in the Pacific Northwest through a network of intermodal facilities. In addition, it provides E&P waste treatment, recovery, and disposal services for waste resulting from oil and natural gas exploration and production activity, such as drilling fluids, drill cuttings, completion fluids, and flowback water; production wastes and produced water during a well’s operating life; contaminated soils that require treatment during site reclamation; and substances, which require clean-up after a spill, reserve pit clean-up, or pipeline rupture. Further, the company offers leasing services to its customers. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.
Acquisition-Driven Growth | Waste Connections' aggressive M&A strategy fuels expansion, with recent acquisitions generating $500 million in annualized revenues and more deals on the horizon |
Financial Resilience | Q2 2024 results surpass expectations, leading to upward revision of full-year guidance and improved margin outlook from 32.7% to 32.8% |
Industry Headwinds | Construction slowdown and project delays pose challenges, impacting volumes in certain segments, with effects expected to persist into early 2025 |
Analyst Optimism | Price targets from RBC Capital Markets and BMO Capital Markets set at $199 and $198 respectively, reflecting confidence in WCN's growth potential |
Metrics to compare | WCN | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipWCNPeersSector | |
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P/E Ratio | 52.4x | 16.3x | 11.7x | |
PEG Ratio | 3.92 | 0.02 | 0.03 | |
Price/Book | 6.0x | 1.7x | 1.4x | |
Price / LTM Sales | 5.7x | 0.5x | 1.2x | |
Upside (Analyst Target) | 4.4% | 17.4% | 20.6% | |
Fair Value Upside | Unlock | 13.9% | 6.0% | Unlock |