WCN

Waste Connections Inc

Industrial/Transportation, Energy


Presented:07/08/2015
Price:$47.27
Cap:$5.87B
Current Price:$182.03
Cap:$46.97B

Presented

Date07/08/2015
Price$47.27
Market Cap$5.87B
Ent Value$7.96B
P/E Ratio25.09x
Book Value$18.11
Div Yield1.11%
Shares O/S123.86M
Ave Daily Vol719,724
Short Int2.34%

Current

Price$182.03
Market Cap$46.97B
Waste Connections, Inc. engages in solid waste collection, transfer, disposal, and recycling. It operates through the following segments: Western, Central, Eastern, and Exploration & Production. It provides waste treatment, landfills, liquid waste injection wells, intermodal facilities, and recovery landfills. The company was founded by Ronald J. Mittelstaedt on September 9, 1997 and is headquartered in The Woodlands, TX.

Publicly traded companies mentioned herein: Waste Connections Inc (WCN)

Highlights

The presenter is short shares of Waste Connections (WCN) and sees shares as overvalued at 21x and 11x Street EPS and EBITDA estimates for 2016, respectively. In his opinion, “numbers are overstated and are likely to come down over the next 12 months” because 65% of the growth WCN has experienced over recent quarters was driven by E&P waste removal (just under 15% of revenues). Outside of its energy exposure, WCN’s core of business of municipal waste is a good business that is tied generally to industrial growth.

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Idea Discussion

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