Waste Historical Financial Ratios
| WCN Stock | USD 176.26 1.82 1.02% |
Waste Connections is currently reporting on over 113 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Price To Sales Ratio of 2.89, Dividend Yield of 0.0055, PTB Ratio of 2.64 or Days Sales Outstanding of 56.78 will help investors to properly organize and evaluate Waste Connections financial condition quickly.
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About Waste Financial Ratios Analysis
Waste ConnectionsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Waste Connections investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Waste financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Waste Connections history.
Waste Connections Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Waste Connections stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Waste Connections sales, a figure that is much harder to manipulate than other Waste Connections multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Waste Connections dividend as a percentage of Waste Connections stock price. Waste Connections dividend yield is a measure of Waste Connections stock productivity, which can be interpreted as interest rate earned on an Waste Connections investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Waste Connections. There are two different methods for calculating Waste Connections invested capital: operating approach and financing approach. Understanding Waste Connections invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Stock Based Compensation To Revenue
A metric that compares the total value of stock-based compensation granted by a company to its total revenue, indicating how much of the revenue is used to compensate employees with stock options or awards.Most ratios from Waste Connections' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Waste Connections current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.At this time, Waste Connections' Net Income Per Share is very stable compared to the past year. As of the 18th of December 2024, Days Of Inventory On Hand is likely to grow to 8.91, while Price To Sales Ratio is likely to drop 2.89.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.006133 | 0.00684 | 0.006321 | 0.005458 | Price To Sales Ratio | 5.79 | 4.73 | 4.79 | 2.89 |
Waste Connections fundamentals Correlations
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Waste Connections Account Relationship Matchups
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Waste Connections fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 4.44 | 4.96 | 5.79 | 4.73 | 4.79 | 2.89 | |
| Dividend Yield | 0.00748 | 0.007795 | 0.006133 | 0.00684 | 0.006321 | 0.005458 | |
| Ptb Ratio | 3.45 | 3.94 | 5.09 | 4.8 | 5.0 | 2.64 | |
| Days Sales Outstanding | 44.9 | 42.24 | 42.11 | 42.2 | 38.99 | 56.78 | |
| Book Value Per Share | 26.3 | 26.08 | 26.78 | 27.64 | 29.89 | 31.38 | |
| Free Cash Flow Yield | 0.0365 | 0.0276 | 0.0268 | 0.0325 | 0.031 | 0.0326 | |
| Stock Based Compensation To Revenue | 0.007919 | 0.008401 | 0.009465 | 0.008803 | 0.00878 | 0.00721 | |
| Capex To Depreciation | 0.8 | 0.9 | 0.88 | 0.92 | 0.99 | 0.93 | |
| Pb Ratio | 3.45 | 3.94 | 5.09 | 4.8 | 5.0 | 2.64 | |
| Ev To Sales | 5.23 | 5.74 | 6.61 | 5.7 | 5.66 | 3.63 | |
| Free Cash Flow Per Share | 3.31 | 2.83 | 3.65 | 4.31 | 4.63 | 4.86 | |
| Roic | 0.0596 | 0.0613 | 0.0692 | 0.0707 | 0.0664 | 0.0675 | |
| Inventory Turnover | (1.1K) | 89.22 | 82.56 | 78.57 | 76.93 | 68.26 | |
| Net Income Per Share | 2.15 | 0.78 | 2.37 | 3.25 | 2.96 | 3.11 | |
| Days Of Inventory On Hand | (0.32) | 4.09 | 4.42 | 4.65 | 4.74 | 8.91 | |
| Payables Turnover | 7.32 | 11.27 | 9.3 | 6.79 | 7.38 | 6.68 | |
| Pocfratio | 15.55 | 19.17 | 20.96 | 16.87 | 18.08 | 11.32 | |
| Interest Coverage | 5.68 | 5.44 | 6.39 | 6.14 | 4.5 | 5.86 | |
| Pfcf Ratio | 27.39 | 36.29 | 37.31 | 30.74 | 32.23 | 33.84 | |
| Days Payables Outstanding | 49.86 | 32.39 | 39.24 | 53.77 | 49.42 | 58.15 | |
| Income Quality | 2.72 | 6.9 | 2.75 | 2.42 | 2.79 | 1.78 | |
| Ev To Operating Cash Flow | 18.28 | 22.2 | 23.94 | 20.34 | 21.34 | 20.06 | |
| Pe Ratio | 42.25 | 131.89 | 57.58 | 40.83 | 50.4 | 26.34 | |
| Return On Tangible Assets | 0.0802 | 0.0288 | 0.0863 | 0.0976 | 0.0856 | 0.0899 | |
| Ev To Free Cash Flow | 32.21 | 42.04 | 42.62 | 37.07 | 38.05 | 20.18 | |
| Earnings Yield | 0.0237 | 0.007582 | 0.0174 | 0.0245 | 0.0198 | 0.0306 | |
| Net Debt To E B I T D A | 2.66 | 2.55 | 2.68 | 3.36 | 3.04 | 2.58 | |
| Current Ratio | 1.12 | 1.37 | 0.84 | 0.74 | 0.68 | 0.79 | |
| Tangible Book Value Per Share | 1.0 | (0.0695) | (2.09) | (5.68) | (5.09) | (4.83) | |
| Receivables Turnover | 8.13 | 8.64 | 8.67 | 8.65 | 9.36 | 6.66 | |
| Graham Number | 35.65 | 21.35 | 37.75 | 44.92 | 44.61 | 46.85 | |
| Shareholders Equity Per Share | 26.28 | 26.06 | 26.76 | 27.62 | 29.87 | 31.36 |
Pair Trading with Waste Connections
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waste Connections position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waste Connections will appreciate offsetting losses from the drop in the long position's value.Moving together with Waste Stock
Moving against Waste Stock
| 0.7 | FC | Franklin Covey | PairCorr |
| 0.62 | BCO | Brinks Company | PairCorr |
| 0.54 | VCIG | VCI Global Limited | PairCorr |
| 0.5 | ESGL | ESGL Holdings Limited | PairCorr |
| 0.49 | MG | Mistras Group | PairCorr |
The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waste Connections - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waste Connections to buy it.
The correlation of Waste Connections is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Waste Connections can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Connections. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Waste Stock, please use our How to Invest in Waste Connections guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Waste Connections. If investors know Waste will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Waste Connections listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.339 | Dividend Share 1.14 | Earnings Share 3.6 | Revenue Per Share 33.72 | Quarterly Revenue Growth 0.133 |
The market value of Waste Connections is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Connections' value that differs from its market value or its book value, called intrinsic value, which is Waste Connections' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Waste Connections' market value can be influenced by many factors that don't directly affect Waste Connections' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.