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Waste Connections Inc (WCN)

Upturn stock ratingUpturn stock rating
$186.72
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

06/30/2025: WCN (2-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

25 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $210.76

Year Target Price $210.76

Analyst’s Price TargetsFor last 52 week
$210.76Target price
Low$168.81
Current$186.72
high$201.34

Analysis of Past Performance

Type Stock
Historic Profit 8.28%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 48.04B USD
Price to earnings Ratio 76.19
1Y Target Price 210.76
Price to earnings Ratio 76.19
1Y Target Price 210.76
Volume (30-day avg) 25
Beta 0.62
52 Weeks Range 168.81 - 201.34
Updated Date 06/30/2025
52 Weeks Range 168.81 - 201.34
Updated Date 06/30/2025
Dividends yield (FY) 0.68%
Basic EPS (TTM) 2.44

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 6.93%
Operating Margin (TTM) 18.31%

Management Effectiveness

Return on Assets (TTM) 4%
Return on Equity (TTM) 7.96%

Valuation

Trailing PE 76.19
Forward PE 26.04
Enterprise Value 56626813985
Price to Sales(TTM) 5.29
Enterprise Value 56626813985
Price to Sales(TTM) 5.29
Enterprise Value to Revenue 6.24
Enterprise Value to EBITDA 24.54
Shares Outstanding 258394000
Shares Floating 257518272
Shares Outstanding 258394000
Shares Floating 257518272
Percent Insiders 0.2
Percent Institutions 89.51

Analyst Ratings

Rating 5
Target Price 210.76
Buy 6
Strong Buy 11
Buy 6
Strong Buy 11
Hold 6
Sell -
Strong Sell 2
Strong Sell 2

ai summary icon Upturn AI SWOT

Waste Connections Inc

stock logo

Company Overview

overview logo History and Background

Waste Connections Inc. was founded in 1997. It grew rapidly through acquisitions, becoming a major player in the solid waste services industry across North America. A key milestone was the 2016 merger with Progressive Waste Solutions, solidifying its market position. Over time, it has focused on providing environmentally responsible waste solutions and expanding its service offerings.

business area logo Core Business Areas

  • Solid Waste Collection: Collection of residential, commercial, and industrial solid waste. Services range from curbside pickup to large-scale industrial waste management.
  • Transfer and Disposal: Operating transfer stations and landfills for the efficient handling and disposal of collected waste. This includes waste-to-energy projects.
  • Recycling: Processing and marketing of recyclable materials, including paper, plastic, and metal. Promotes sustainable waste management practices.
  • E&P Waste Treatment and Disposal: Provides specialized waste management services for the oil and gas exploration and production (E&P) industry, including fluid management and disposal.

leadership logo Leadership and Structure

The CEO is Ronald J. Mittelstaedt. The organizational structure is hierarchical, with regional and district managers reporting to corporate leadership. Focus on decentralized operations with local management teams.

Top Products and Market Share

overview logo Key Offerings

  • Solid Waste Collection: Primary revenue driver. Market share is fragmented, but Waste Connections has a significant portion, estimated around 15-20% in the markets it serves. Competitors include Waste Management, Republic Services, and local/regional haulers. Revenue is recurring, based on service contracts.
  • Landfill Disposal: Disposal services contribute significantly to revenue. Waste Connections owns and operates a network of landfills. Competitors are similar to those in collection services. Market share depends on the location and landfill capacity. Revenue comes from tipping fees.
  • Recycling Services: Provides recycling collection and processing services. It relies on processing recyclables into raw materials to be sold onto manufacturers. Market share depends on location. Competitors are similar to those in collection services.

Market Dynamics

industry overview logo Industry Overview

The solid waste management industry is characterized by essential services, regulatory oversight, and increasing focus on sustainability. It's a relatively stable industry with consistent demand. Industry trends include increasing recycling rates, waste-to-energy technologies, and stricter environmental regulations.

Positioning

Waste Connections is positioned as a leading provider of integrated solid waste services, with a strong focus on secondary markets. Its competitive advantages include operational efficiency, decentralized management, and strategic acquisitions.

Total Addressable Market (TAM)

The total addressable market for solid waste management in North America is estimated to be over $80 billion annually. Waste Connections is well-positioned to capture a significant portion of this market through organic growth and acquisitions.

Upturn SWOT Analysis

Strengths

  • Strong market position in secondary markets
  • Decentralized operating model
  • Integrated service offerings
  • Experienced management team
  • Proven track record of acquisitions

Weaknesses

  • Exposure to economic cycles
  • Capital intensive nature of the business
  • Dependence on landfill capacity
  • Regulatory compliance costs
  • Integration risks from acquisitions

Opportunities

  • Increasing demand for waste management services
  • Growing emphasis on sustainability and recycling
  • Expansion into new markets
  • Adoption of new technologies
  • Further acquisitions of smaller competitors

Threats

  • Increased competition
  • Stricter environmental regulations
  • Fluctuations in commodity prices (for recyclables)
  • Economic downturns
  • Rising fuel costs

Competitors and Market Share

competitor logo Key Competitors

  • WM
  • RSG
  • GFL

Competitive Landscape

Waste Connections differentiates itself through its focus on secondary markets, decentralized management, and integrated service offerings. It competes primarily with Waste Management and Republic Services, as well as numerous smaller regional players.

Major Acquisitions

R360 Environmental Solutions

  • Year: 2012
  • Acquisition Price (USD millions): 1300
  • Strategic Rationale: Expanded presence in the oilfield waste disposal market.

Progressive Waste Solutions

  • Year: 2016
  • Acquisition Price (USD millions): 2670
  • Strategic Rationale: Expanded geographic footprint and service offerings.

Growth Trajectory and Initiatives

Historical Growth: Waste Connections has demonstrated strong historical growth through a combination of organic expansion and strategic acquisitions.

Future Projections: Future growth is projected to be driven by continued demand for waste management services, expansion into new markets, and further acquisitions. Analyst estimates dynamically changes and is available through financial news sites such as Yahoo Finance or Google Finance and financial sites.

Recent Initiatives: Recent strategic initiatives include investments in recycling infrastructure and expansion of E&P waste services.

Summary

Waste Connections is a strong player in the solid waste management industry, particularly in secondary markets. Its decentralized management and strategic acquisitions have contributed to its growth. Regulatory pressures and economic cycles present challenges, but the company is well-positioned to capitalize on increasing demand for waste services and sustainable solutions.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings, press releases, market research reports, and financial news sources.

Disclaimers:

This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance are subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Waste Connections Inc

Exchange NYSE
Headquaters Woodbridge, ON, Canada
IPO Launch date 1998-05-20
Founder, CEO, President & Director Mr. Ronald J. Mittelstaedt
Sector Industrials
Industry Waste Management
Full time employees 23854
Full time employees 23854

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. Waste Connections, Inc. was founded in 1997 and is based in Woodbridge, Canada.