AlphaMadera's AlphaVal page classifies Waste Connections, Inc. as a Platform & Compounding FCF business and values it using Two-stage FCF DCF, then compares the result to the current market price to flag WCN as undervalued, fairly valued, or overvalued.

What is Waste Connections, Inc.'s fair value?

Fair value for WCN comes from a Two-stage FCF DCF model -- the approach AlphaVal selected for this company's Platform & Compounding FCF classification. The live AlphaVal page shows bear, base, and bull scenarios alongside the key assumption behind each.

How does AlphaMadera value WCN?

AlphaVal routes each company to one of ten valuation archetypes based on its business model. WCN was classified as Platform & Compounding FCF and is valued using Two-stage FCF DCF, built from WCN's most recent reported fundamentals.

WCN - Waste Connections, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS | PRICE TARGET: $199.57 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong

Trading 165.9% above fair value

Current Price $186.60

Bear Case $46.60 75.0% downside ($46.60 - $186.60) / $186.60 = -75.0% 5% stage 1 growth, 11% discount

Fair Value $70.18 62.4% downside ($70.18 - $186.60) / $186.60 = -62.4% 8% stage 1 growth, 11% discount

Bull Case $92.38 50.5% downside ($92.38 - $186.60) / $186.60 = -50.5% 11% stage 1 growth, 11% discount

Adjust Assumptions

DCF Stage 1 Growth Rate

8.4%

Discount Rate (WACC)

11.0%

Terminal Growth Rate

3.0%

Key Value Driver

FCF growth rate (8% base case)

Terminal Value % of EV 38%

Implied Market Multiple 39.9x

Market is pricing in (growth) 18.2% vs our 8.4% base

Plain-Language Summary

Using a two-stage FCF DCF with 8% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $70.18 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (33 analysts) $199.57

Analyst Range $184.00 – $218.00

Divergence from AlphaVal 65%

Warnings

ℹ Wall Street's average price target is $199.57 (from 33 analysts). Our estimate is 65% below the consensus -- consider that gap carefully.

Key Risks

P/E alone misleads — earnings depressed by growth investment
Cyclical or commodity businesses may be misclassified as platforms
Terminal value dominance suggests sensitivity to long-run assumptions