Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Waste Connections, Inc. (WCN)

Company Dividend Discount ModelIndustry: Waste ManagementSector: Industrials

Valuation Snapshot

Stable Growth$406.11 - $478.47$448.39
Multi-Stage$156.06 - $171.09$163.43
Blended Fair Value$305.91
Current Price$175.80
Upside74.01%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.54%17.77%1.171.050.940.850.770.680.590.510.360.26
YoY Growth--11.70%11.35%10.36%10.17%14.18%14.76%15.59%42.60%40.24%12.03%
Dividend Yield--0.60%0.61%0.68%0.61%0.72%0.87%0.67%0.71%0.61%0.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)622.05
(-) Cash Dividends Paid (M)324.96
(=) Cash Retained (M)297.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)124.4177.7646.65
Cash Retained (M)297.10297.10297.10
(-) Cash Required (M)-124.41-77.76-46.65
(=) Excess Retained (M)172.69219.34250.44
(/) Shares Outstanding (M)258.56258.56258.56
(=) Excess Retained per Share0.670.850.97
LTM Dividend per Share1.261.261.26
(+) Excess Retained per Share0.670.850.97
(=) Adjusted Dividend1.922.112.23
WACC / Discount Rate4.63%4.63%4.63%
Growth Rate5.50%6.50%7.50%
Fair Value$406.11$448.39$478.47
Upside / Downside131.01%155.06%172.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)622.05662.49705.55751.41800.25852.27877.83
Payout Ratio52.24%59.79%67.34%74.90%82.45%90.00%92.50%
Projected Dividends (M)324.96396.11475.14562.77659.79767.04812.00

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.63%4.63%4.63%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)375.03378.59382.14
Year 2 PV (M)425.93434.04442.23
Year 3 PV (M)477.64491.35505.32
Year 4 PV (M)530.19550.58571.55
Year 5 PV (M)583.58611.77641.03
PV of Terminal Value (M)37,957.2039,790.5441,694.06
Equity Value (M)40,349.5742,256.8744,236.34
Shares Outstanding (M)258.56258.56258.56
Fair Value$156.06$163.43$171.09
Upside / Downside-11.23%-7.03%-2.68%

High-Yield Dividend Screener

« Prev Page 11 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
THFFFirst Financial Corporation3.32%$1.9831.67%
IRDMIridium Communications Inc.3.31%$0.5949.66%
PDCOPatterson Companies, Inc.3.31%$1.0466.64%
0HRZ.LCoterra Energy Inc.3.30%$0.8840.64%
ACIAlbertsons Companies, Inc.3.30%$0.5733.33%
KDPKeurig Dr Pepper Inc.3.30%$0.9278.89%
SPBSpectrum Brands Holdings, Inc.3.30%$1.9848.25%
0IUX.LGenuine Parts Company3.29%$4.0569.77%
BGBunge Global S.A.3.29%$3.0531.37%
HDGCXThe Hartford Dividend and Growth Fund Class C3.29%$1.0820.58%
PSBDPalmer Square Capital BDC Inc.3.29%$0.4090.32%
LIENChicago Atlantic BDC, Inc.3.28%$0.3423.50%
REXRRexford Industrial Realty, Inc.3.28%$1.2890.14%
CVCYCentral Valley Community Bancorp3.27%$0.5832.80%
F-PDFord Motor Company 6.500% Notes3.27%$0.7463.45%
FSBWFS Bancorp, Inc.3.27%$1.3331.78%
TRNOTerreno Realty Corporation3.27%$1.9362.02%
0I1P.LComerica Incorporated3.26%$2.8252.30%
ALEXAlexander & Baldwin, Inc.3.26%$0.6766.95%
BRXBrixmor Property Group Inc.3.26%$0.8578.30%
AGM-PCFederal Agricultural Mortgage Corporation3.24%$7.8539.89%
HTOH2O America3.24%$1.6052.08%
WECWEC Energy Group, Inc.3.24%$3.4566.21%
XOMExxon Mobil Corporation3.24%$3.9857.54%
SCLStepan Company3.22%$1.5276.82%
HBTHBT Financial, Inc.3.21%$0.8333.20%
KALUKaiser Aluminum Corporation3.21%$3.8670.13%
SMPStandard Motor Products, Inc.3.20%$1.1838.74%
0QZA.LConocoPhillips3.19%$3.0943.65%
PAGPenske Automotive Group, Inc.3.18%$5.0435.22%
CRBGCorebridge Financial, Inc.3.17%$0.9652.57%
EDConsolidated Edison, Inc.3.17%$3.1756.36%
LARKLandmark Bancorp, Inc.3.17%$0.8238.75%
NBPU.LNB Private Equity Partners Limited3.17%$0.6770.20%
PFBCPreferred Bank3.16%$3.0329.67%
HNIHNI Corporation3.15%$1.3444.63%
RBBRBB Bancorp3.15%$0.6443.45%
FGF&G Annuities & Life, Inc.3.14%$0.9428.23%
NBHCNational Bank Holdings Corporation3.14%$1.1937.27%
0KZA.LSM Energy Company3.13%$0.609.44%
CBUCommunity Bank System, Inc.3.13%$1.8246.85%
DTEDTE Energy Company3.13%$4.0887.19%
RNSTRenasant Corporation3.13%$1.1148.14%
BSRRSierra Bancorp3.11%$1.0134.68%
FCFFirst Commonwealth Financial Corporation3.11%$0.5238.19%
PNCThe PNC Financial Services Group, Inc.3.11%$6.5739.89%
PRKPark National Corporation3.11%$4.8044.20%
GEFGreif, Inc.3.10%$2.1212.04%
0QAH.LMerck & Co., Inc.3.09%$3.2542.60%
BANRBanner Corporation3.09%$1.9335.15%