Company Valuation: Waste Connections, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 35,502 34,086 38,458 44,278 44,888 39,438 - -
Change - -3.99% 12.83% 15.13% 1.38% -12.14% - -
Enterprise Value (EV) 1 40,418 40,920 45,146 52,312 53,677 47,866 47,166 46,602
Change - 1.24% 10.33% 15.87% 2.61% -10.83% -1.46% -1.19%
P/E ratio 57.7x 40.9x 50.6x 71.8x 42.1x 33.5x 28.6x 25.6x
PBR 5.07x 4.8x 5.01x 5.63x 5.44x 4.65x 4.29x 3.91x
PEG - 1.1x -5.65x -3.8x 0.6x 3x 1.7x 2.2x
Capitalization / Revenue 5.77x 4.73x 4.79x 4.96x 4.74x 3.95x 3.72x 3.52x
EV / Revenue 6.57x 5.67x 5.63x 5.86x 5.67x 4.79x 4.45x 4.16x
EV / EBITDA 21.1x 18.4x 17.9x 18x 17.2x 14.4x 13.1x 12.1x
EV / EBIT 38.9x 32.9x 36.5x 49x 31.4x 24x 21.2x 19.2x
EV / FCF 42.4x 36.9x 36.9x 43x 42.6x 33.5x 27.7x 24.4x
FCF Yield 2.36% 2.71% 2.71% 2.33% 2.35% 2.99% 3.62% 4.11%
Dividend per Share 2 0.845 0.945 1.05 1.17 1.295 1.394 1.551 1.701
Rate of return 0.62% 0.71% 0.7% 0.68% 0.74% 0.9% 1% 1.1%
EPS 2 2.36 3.24 2.95 2.39 4.17 4.628 5.427 6.072
Distribution rate 35.8% 29.2% 35.6% 49% 31.1% 30.1% 28.6% 28%
Net sales 1 6,151 7,212 8,022 8,920 9,467 9,993 10,595 11,200
EBITDA 1 1,919 2,221 2,523 2,902 3,125 3,328 3,587 3,836
EBIT 1 1,040 1,242 1,236 1,068 1,710 1,993 2,225 2,433
Net income 1 618 835.7 762.8 617.6 1,077 1,178 1,376 1,531
Net Debt 1 4,916 6,834 6,688 8,033 8,788 8,427 7,727 7,164
Reference price 2 136.27 132.56 149.27 171.58 175.36 155.22 155.22 155.22
Nbr of stocks (in thousands) 260,527 257,136 257,641 258,063 255,977 254,081 - -
Announcement Date 16/02/22 15/02/23 13/02/24 12/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.54x4.79x14.38x0.9% 39.44B
-101.27x3.57x11.74x0.14% 12.85B
558.81x3.2x13.83x-.--% 5.46B
19x - - - 3.77B
40.09x1.68x8.33x2.84% 3.76B
10.57x - - 4.15% 3.6B
44.53x - - - 3.43B
24.56x3.64x10.37x1.97% 3.34B
13.7x - - - 3.01B
Average 71.50x 3.38x 11.73x 1.67% 8.74B
Weighted average by Cap. 45.92x 4.18x 13.25x 1.01%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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