Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Waste Management, Inc. (WM)

Company Dividend Discount ModelIndustry: Waste ManagementSector: Industrials

Valuation Snapshot

Stable Growth$120.11 - $258.27$171.35
Multi-Stage$101.29 - $110.56$105.84
Blended Fair Value$138.59
Current Price$220.83
Upside-37.24%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.67%5.73%2.992.812.672.402.292.171.991.861.801.72
YoY Growth--6.51%5.48%11.03%4.64%5.82%9.23%6.93%3.31%4.46%0.29%
Dividend Yield--1.29%1.32%1.63%1.51%1.78%2.34%1.91%2.21%2.46%2.92%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,564.00
(-) Cash Dividends Paid (M)1,302.00
(=) Cash Retained (M)1,262.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)512.80320.50192.30
Cash Retained (M)1,262.001,262.001,262.00
(-) Cash Required (M)-512.80-320.50-192.30
(=) Excess Retained (M)749.20941.501,069.70
(/) Shares Outstanding (M)404.03404.03404.03
(=) Excess Retained per Share1.852.332.65
LTM Dividend per Share3.223.223.22
(+) Excess Retained per Share1.852.332.65
(=) Adjusted Dividend5.085.555.87
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate4.67%5.67%6.67%
Fair Value$120.11$171.35$258.27
Upside / Downside-45.61%-22.41%16.95%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,564.002,709.472,863.193,025.633,197.283,378.683,480.04
Payout Ratio50.78%58.62%66.47%74.31%82.16%90.00%92.50%
Projected Dividends (M)1,302.001,588.401,903.102,248.402,626.763,040.813,219.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate4.67%5.67%6.67%
Year 1 PV (M)1,442.161,455.941,469.71
Year 2 PV (M)1,568.811,598.931,629.33
Year 3 PV (M)1,682.811,731.511,781.13
Year 4 PV (M)1,784.991,854.191,925.37
Year 5 PV (M)1,876.111,967.462,062.33
PV of Terminal Value (M)32,569.2634,155.0235,801.97
Equity Value (M)40,924.1442,763.0444,669.85
Shares Outstanding (M)404.03404.03404.03
Fair Value$101.29$105.84$110.56
Upside / Downside-54.13%-52.07%-49.93%

High-Yield Dividend Screener

« Prev Page 19 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SIGISelective Insurance Group, Inc.1.77%$1.4822.19%
FUSBFirst US Bancshares, Inc.1.76%$0.2526.72%
RRyder System, Inc.1.76%$3.4128.29%
RGAReinsurance Group of America, Incorporated1.75%$3.5527.34%
TFG.ASTetragon Financial Group Limited1.75%$0.303.32%
WFCWells Fargo & Company1.75%$1.6725.46%
HCKTThe Hackett Group, Inc.1.74%$0.3485.97%
LEGLeggett & Platt, Incorporated1.74%$0.1911.94%
RPRXRoyalty Pharma plc1.74%$0.6749.36%
SFBCSound Financial Bancorp, Inc.1.74%$0.7637.96%
SXTSensient Technologies Corporation1.74%$1.6350.00%
MKTXMarketAxess Holdings Inc.1.73%$3.0952.31%
PRGPROG Holdings, Inc.1.73%$0.5112.57%
STELStellar Bancorp, Inc.1.73%$0.5326.88%
UFCSUnited Fire Group, Inc.1.73%$0.6214.63%
AMALAmalgamated Financial Corp.1.72%$0.5516.32%
BKThe Bank of New York Mellon Corporation1.72%$2.0127.06%
COWNCowen Inc.1.72%$0.6733.32%
DGDollar General Corporation1.72%$2.3540.66%
AMKRAmkor Technology, Inc.1.71%$0.7359.04%
DTFDTF Tax-Free Income 2028 Term Fund Inc.1.71%$0.2080.42%
ERIEErie Indemnity Company1.71%$4.7538.59%
FLXSFlexsteel Industries, Inc.1.71%$0.6817.01%
MTCHMatch Group, Inc.1.71%$0.5425.07%
LBRTLiberty Energy Inc.1.70%$0.3228.43%
OVBCOhio Valley Banc Corp.1.70%$0.6728.36%
WTFCWintrust Financial Corporation1.70%$2.4320.92%
BANFBancFirst Corporation1.69%$1.8025.72%
BDLFlanigan's Enterprises, Inc.1.69%$0.5021.50%
CDHAXCalvert International Responsible Idx A1.69%$0.6441.92%
CINRSisecam Resources LP1.69%$0.3419.21%
EXPOExponent, Inc.1.69%$1.1858.07%
GDGeneral Dynamics Corporation1.69%$5.8037.41%
HQIHireQuest, Inc.1.69%$0.1836.36%
OTFBlue Owl Technology Finance Corp.1.69%$0.249.20%
PHINPHINIA Inc.1.68%$1.0947.78%
PTRSPartners Bancorp1.68%$0.1213.62%
RNGRRanger Energy Services, Inc.1.67%$0.2434.90%
HQHAbrdn Healthcare Investors1.66%$0.316.95%
JILLJ.Jill, Inc.1.66%$0.2310.45%
PSH.ASPershing Square Holdings, Ltd.1.65%$0.856.48%
SKTTanger Inc.1.65%$0.5558.16%
USCBUSCB Financial Holdings, Inc.1.64%$0.3018.70%
BOTJBank of the James Financial Group, Inc.1.62%$0.3026.41%
RSReliance Steel & Aluminum Co.1.62%$4.7834.66%
SCIService Corporation International1.62%$1.2533.57%
SMLPSummit Midstream Partners, LP1.62%$0.596.02%
TKRThe Timken Company1.62%$1.4032.90%
TRINLTrinity Capital Inc. - 7.00% No1.62%$0.4120.50%
CARRCarrier Global Corporation1.61%$0.8618.56%