WM

Waste Management, Inc.

Industrial/Transportation


Presented:01/16/2020
Price:$119.49
Cap:$50.69B
Current Price:$213.79
Cap:$85.80B

Presented

Date01/16/2020
Price$119.49
Market Cap$50.69B
Ent Value$60.04B
P/E Ratio29.16x
Book Value$16.00
Div Yield1.72%
Shares O/S424.24M
Ave Daily Vol1,764,164
Short Int1.17%

Current

Price$213.79
Market Cap$85.80B
Waste Management, Inc. is engaged in provision of waste management environmental services. It operates through the following business segments: Tier 1. Tier 2 and Tier 3. The Tier 1 segment comprises exclusively of areas in the Southern United States. The Tier 2 segment comprises predominately of areas located in the Midwest and Northeast United States. The Tier 3 segment comprises all remaining areas, including the Northwest and Mid-Atlantic regions of the United States and Eastern Canada. The company was founded on September 30, 1987 and is headquartered in Houston, TX.

Publicly traded companies mentioned herein: Advanced Disposal (ADSW), Clean Harbors (CLH), Republic Services (RSG), Waste Management (WM)

Highlights

The presenter is long shares of Waste Management (WM), which has a ~$50B market cap and ~$12B net debt, amounting to a ~$62B EV. The stock has lagged the large-cap industrials sector over the past eight months and is currently trading at ~$119 per share, or ~16x the presenter’s 2022 FCF estimate. He sees WM as a high-quality leader in a durable industry and believes that the stock has upside to $185 with additional returns from dividends.

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Idea Discussion

Commentor 1 - 2 weeks ago

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