TSE:WCN

Waste Connections (WCN.TO)

230.03
+3.00 (1.32%)
as of Sep 3, 2026, 8:00:00 pm Market Open.
288 watching
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Investor Insights
star iconSep 3, 2026, 12:00 am

This summary was created by AI, based on 15 opinions in the last 12 months.

Waste Connections (WCN) is recognized as a strong player in the waste disposal industry, with a reputation for owning a significant part of the waste disposal ecosystem. Experts highlight its profitable track record and robust balance sheet, projecting continued growth with consistent capital allocation. The company benefits from operating in smaller, less competitive markets, which provides pricing power and predictable revenue streams. Recent performance indicates solid revenue growth and margin improvement, but there are concerns about valuation and technical indicators suggesting a cautious approach for new investments. Analysts largely maintain a positive outlook, advocating for potential entry points during any market pullbacks.

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Consensus
Buy
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Valuation
Fair Value
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WM
BUY
Relatively low payout ratio. Has grown quite significantly as a result of the trust model.
BUY
Distributions are safe with a potential to increase them in '06. Might want to start buying around this price $27/28.
TOP PICK
(A Top Pick July 15/05. Up 6%.) A great core holding A very stable business. Recession proof.
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.
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