Waste Connections, Inc. logo WCN - Waste Connections, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 25
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $205.58 DETAILS
HIGH: $218.00
LOW: $180.00
MEDIAN: $206.50
CONSENSUS: $205.58
UPSIDE: 32.03%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 85% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 55.1% above fair value
Current Price $155.71
Bear Case $60.90 60.9% downside ($60.90 - $155.71) / $155.71 = -60.9% 5% stage 1 growth, 11% discount
Fair Value $100.39 35.5% downside ($100.39 - $155.71) / $155.71 = -35.5% 9% stage 1 growth, 11% discount
Bull Case $138.25 11.2% downside ($138.25 - $155.71) / $155.71 = -11.2% 12% stage 1 growth, 11% discount

Adjust Assumptions

9.1%
11.0%
3.0%

Key Value Driver

FCF growth rate (9% base case)

Terminal Value % of EV 38%
Implied Market Multiple 42.2x

Plain-Language Summary

Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $205.58 from 33 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $100.39 per share.

Warnings

Wall Street's average price target is $205.58 (from 33 analysts). Our estimate is 73% 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