TSE:WCN

Waste Connections (WCN.TO)

237.00
-3.38 (1.41%)
as of Jul 21, 2026, 3:23:04 pm Market Open.
284 watching
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Investor Insights
star iconJul 21, 2026, 12:00 am

This summary was created by AI, based on 14 opinions in the last 12 months.

Waste Connections (WCN-T) is viewed positively by several experts, primarily due to its position in a defensive and stable industry that is less sensitive to economic fluctuations. While some analysts appreciate the company's strong management and solid growth prospects, particularly in cash flow, others express concerns regarding its current stock performance and valuation metrics, with reports of lower highs and lows on the charts. Despite being fundamentally sound with a projected earnings growth of around 10%, the stock trades at a high forward P/E ratio, leading to mixed feelings about its attractiveness at present. Acquisitions aimed at smaller markets and a focus on employee safety enhance its reputation, but recent challenges, including a chemical incident in California and fuel costs, have impacted investor sentiment. In summary, while considered a valuable part of a diversified portfolio, timing for a new position is crucial given market volatility and external pressures.

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Consensus
Positive
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Valuation
Fair Value
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WM
TOP PICK
A favourite. They operate land fill sites and non-hazardous solid waste collection in Canada and the US. Has increased its distributions 4 times since becoming a trust and expects this to continue.
TOP PICK
One of our larger holdings. One of the larger players in solid waste management. Stable business. Very deep management team.
BUY
Strong history of tuck-in acquisitions and made a large US acquisition last year that has catapulted them to be a major player in the waste management business. Would like to see them continue to integrate that acquisition and supplement it with some tuck-ins.
TOP PICK
(A Top Pick Apr 15/05. Up 9.2%.) A full service waste management company. A recession resistant industry. Very strong organic growth in Canada and the US. Very conservative payout ratio (mid 80's). Not really cheap, but given the growth prospects and conservative payout ratio, a great buy.
BUY
In full service waste management. Yielding about 6%. A high quality company. Wouldn't buy for capital gains, but for a steady yield, it's a good holding.
BUY
Waste management is a great business, an ideal type of trust with long stable contracts, pricing power. Just made a major acquisition in the US. Double their revenue base. Hedged their currency exposure so they don't gert hit on currency. Very well managed.
TOP PICK
Made a couple of big acquisitions which more than doubled the size of the business. Hauling trash is one of those things that is never going to go away. Higher fuel costs will be able to be passed on.
TOP PICK
A waste management company that operates in Canada and recently into the US. Good income trust model. Recession resistant. Strong market position. A fair degree of pricing power. Balance sheet is about 1.7 X debt to EBITDA which is low. A healthy payout ratio. Expects another distribution increase this year.
BUY
Relatively recession resistant. Made a lot of tuck-in acquisitions resulting in some increases in distributions. Late last year, made a major US acquisition making them a North American waste management business. Should be more upside.
TOP PICK
(Was a Top Pick Mar 18/05. Down 3%.) Dropped with the other income trusts. A core holding. A recession proof industry. Strong organic growth. In the top 3 in terms of market share. Made 2 good acquisitions in January.
BUY
A core holding for them. Just recently purchased a large waste company in the US and that expansion will continue their internal growth. With the 6/7% yield you will also get a 2/3% growth.
TOP PICK
Waste management is a pretty stable business. Good cash flow generator. Made a big acquisition in the US with a lot of paper in relation to the size of the income trust and the market is just trying to digest that unit issue and that has been keeping the price of the unit down.
TOP PICK
A recession proof industry. Growth is 4% in Canada and 7% in the US. Great marketing strategy. High internalization rate. Recently made some good acquisitions which will give them good leverage. Relatively conservative payout ratio.
BUY
A very experience management team that is not only good at handling non-hazardous waste, but are also good at making acquisitions.
TOP PICK
Garbage is a recession proof business. A very solid company. Company has maximized growth by doing tuck-in acquisitions and by looking for new platform acquisitions.
Showing 271 to 285 of 301 entries