Republic Services Inc.
Find Ratings ReportsREPUBLIC SERVICES INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. REPUBLIC SERVICES INC has weak liquidity. Currently, the Quick Ratio is 0.50 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 8.84% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 3831.6 | 3529.8 |
EBITDA ($mil) | 1145.2 | 965.0 |
EBIT ($mil) | 713.8 | 588.6 |
Net Income ($mil) | 439.6 | 346.8 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 140.0 | 143.4 |
Total Assets ($mil) | 31410.1 | 29052.9 |
Total Debt ($mil) | 13069.1 | 12081.4 |
Equity ($mil) | 10542.3 | 9686.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 40.91 | 38.2 |
EBITDA Margin | 29.88 | 27.33 |
Operating Margin | 18.63 | 16.68 |
Sales Turnover | 0.48 | 0.47 |
Return on Assets | 5.51 | 5.12 |
Return on Equity | 16.42 | 15.36 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.56 | 0.7 |
Debt/Capital | 0.55 | 0.56 |
Interest Expense | 113.1 | 99.0 |
Interest Coverage | 6.31 | 5.95 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 314.6 | 316.1 |
Div / share | 0.54 | 0.5 |
EPS | 1.39 | 1.09 |
Book value / share | 33.51 | 30.64 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1166646.0 | 1180330.0 |
BUY. This stock's P/E ratio indicates a significant discount compared to an average of 44.67 for the Waste Management and Remediation Services subsector and a premium compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 5.56 indicates a premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 7.80. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, REPUBLIC SERVICES INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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RSG 34.06 | Peers 44.67 | RSG 16.20 | Peers 17.97 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. RSG is trading at a discount to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. RSG is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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RSG 27.85 | Peers 28.98 | RSG 3.59 | Peers 2.20 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. RSG is trading at a valuation on par with its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. RSG trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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RSG 5.56 | Peers 7.80 | RSG 16.63 | Peers 4.21 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. RSG is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. RSG is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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RSG 3.92 | Peers 4.47 | RSG 10.75 | Peers 7.77 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. RSG is trading at a discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. RSG has a sales growth rate that significantly exceeds its peers. |
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