Clean Harbors Price To Earning vs. Shares Outstanding

CLH Stock  USD 247.47  3.19  1.31%   
Based on Clean Harbors' profitability indicators, Clean Harbors is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess Clean Harbors' ability to earn profits and add value for shareholders. As of now, Clean Harbors' Operating Cash Flow Sales Ratio is increasing as compared to previous years. The Clean Harbors' current Days Of Sales Outstanding is estimated to increase to 89.25, while Sales General And Administrative To Revenue is projected to decrease to 0. As of now, Clean Harbors' Income Tax Expense is increasing as compared to previous years. The Clean Harbors' current Net Income Applicable To Common Shares is estimated to increase to about 497.2 M, while Accumulated Other Comprehensive Income is forecasted to increase to (166.6 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.230.3074
Way Down
Pretty Stable
Operating Profit Margin0.120.1132
Notably Up
Slightly volatile
Pretax Profit Margin0.09770.093
Sufficiently Up
Slightly volatile
For Clean Harbors profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Clean Harbors to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Clean Harbors utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Clean Harbors's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Clean Harbors over time as well as its relative position and ranking within its peers.
  

Clean Harbors' Revenue Breakdown by Earning Segment

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For more detail on how to invest in Clean Stock please use our How to Invest in Clean Harbors guide.
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 Clean Harbors. If investors know Clean 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 Clean Harbors 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
0.262
Earnings Share
7.67
Revenue Per Share
107.451
Quarterly Revenue Growth
0.12
Return On Assets
0.0628
The market value of Clean Harbors is measured differently than its book value, which is the value of Clean that is recorded on the company's balance sheet. Investors also form their own opinion of Clean Harbors' value that differs from its market value or its book value, called intrinsic value, which is Clean Harbors' 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 Clean Harbors' market value can be influenced by many factors that don't directly affect Clean Harbors' 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 Clean Harbors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Clean Harbors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clean Harbors' 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.

Clean Harbors Shares Outstanding vs. Price To Earning Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Clean Harbors's current stock value. Our valuation model uses many indicators to compare Clean Harbors value to that of its competitors to determine the firm's financial worth.
Clean Harbors is rated third in price to earning category among its peers. It is rated below average in shares outstanding category among its peers creating about  1,129,723  of Shares Outstanding per Price To Earning. The current Common Stock Shares Outstanding is estimated to decrease to about 39.3 M. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Clean Harbors' earnings, one of the primary drivers of an investment's value.

Clean Harbors' Earnings Breakdown by Geography

Clean Shares Outstanding vs. Price To Earning

Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Clean Harbors

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
47.71 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Clean Harbors

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
53.9 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Clean Shares Outstanding Comparison

Clean Harbors is currently under evaluation in shares outstanding category among its peers.

Clean Harbors Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Clean Harbors, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Clean Harbors will eventually generate negative long term returns. The profitability progress is the general direction of Clean Harbors' change in net profit over the period of time. It can combine multiple indicators of Clean Harbors, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-175.3 M-166.6 M
Operating Income612.4 M643.1 M
Income Before Tax503.3 M528.4 M
Total Other Income Expense Net-109.2 M-103.7 M
Net Income377.9 M396.7 M
Income Tax Expense125.4 M131.7 M
Net Income Applicable To Common Shares473.5 M497.2 M
Net Income From Continuing Ops377.9 M396.7 M
Non Operating Income Net Other12.6 M13.2 M
Interest Income11.9 M11.3 M
Net Interest Income-108.6 M-114 M
Change To Netincome43.8 M46 M
Net Income Per Share 6.99  7.34 
Income Quality 1.94  2.51 
Net Income Per E B T 0.75  0.79 

Clean Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Clean Harbors. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Clean Harbors position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Clean Harbors' important profitability drivers and their relationship over time.

Use Clean Harbors in pair-trading

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 Clean Harbors 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 Clean Harbors will appreciate offsetting losses from the drop in the long position's value.

Clean Harbors Pair Trading

Clean Harbors Pair Trading Analysis

The ability to find closely correlated positions to Clean Harbors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clean Harbors 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 Clean Harbors - 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 Clean Harbors to buy it.
The correlation of Clean Harbors 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 Clean Harbors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clean Harbors 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 Clean Harbors 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Clean Harbors position

In addition to having Clean Harbors in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Toys Thematic Idea Now

Toys
Toys Theme
Companies producing and distributing toys and different gaming products for kids. The Toys theme has 45 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Toys Theme or any other thematic opportunities.
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When determining whether Clean Harbors offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clean Harbors' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clean Harbors Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Clean Harbors Stock:
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For more detail on how to invest in Clean Stock please use our How to Invest in Clean Harbors guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
To fully project Clean Harbors' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Clean Harbors at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Clean Harbors' income statement, its balance sheet, and the statement of cash flows.
Potential Clean Harbors investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Clean Harbors investors may work on each financial statement separately, they are all related. The changes in Clean Harbors's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Clean Harbors's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.