Waste Connections, Inc.Find Ratings Reports
WASTE CONNECTIONS INC's gross profit margin for the second quarter of its fiscal year 2021 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. WASTE CONNECTIONS INC has average liquidity. Currently, the Quick Ratio is 1.26 which shows that technically this company has the 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 5.73% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q2 FY21||Q2 FY20|
|Net Sales ($mil)||1533.93||1305.78|
|Net Income ($mil)||177.05||-227.07|
|Balance Sheet||Q2 FY21||Q2 FY20|
|Cash & Equiv. ($mil)||727.4||790.55|
|Total Assets ($mil)||14106.21||13594.01|
|Total Debt ($mil)||4946.54||4883.09|
|Profitability||Q2 FY21||Q2 FY20|
|Gross Profit Margin||41.49||40.11|
|Return on Assets||4.43||1.53|
|Return on Equity||9.12||3.21|
|Debt||Q2 FY21||Q2 FY20|
|Share Data||Q2 FY21||Q2 FY20|
|Shares outstanding (mil)||260.43||262.81|
|Div / share||0.21||0.19|
|Book value / share||26.36||24.7|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||600725.0||818323.0|
BUY. This stock's P/E ratio indicates a premium compared to an average of 52.16 for the Waste Management and Remediation Services subsector and a significant premium compared to the S&P 500 average of 34.70. Conducting a second comparison, its price-to-book ratio of 5.00 indicates a premium versus the S&P 500 average of 4.62 and a significant discount versus the subsector average of 8.01. The current price-to-sales ratio is well above the S&P 500 average and above the subsector average, indicating a premium. The valuation analysis reveals that, WASTE CONNECTIONS INC seems to be trading at a premium to investment alternatives.
|WCN 55.09||Peers 54.81||WCN 22.89||Peers 22.76|
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation.
WCN is trading at a valuation on par with 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.
WCN is trading at a valuation on par to its peers.
|WCN 36.88||Peers 35.60||WCN 0.18||Peers 3.14|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
WCN is trading at a premium to its peers.
Discount. 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.
WCN trades at a significant discount to its peers.
|WCN 5.00||Peers 8.01||WCN 206.41||Peers 68.68|
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.
WCN 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.
WCN is expected to have an earnings growth rate that significantly exceeds its peers.
|WCN 6.00||Peers 5.68||WCN 5.24||Peers 16.46|
Average. 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.
WCN is trading at a valuation on par with its subsector on this measurement.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
WCN significantly trails its peers on the basis of sales growth.