Casella Waste Systems Inc

Utilities
Environmental Services
www.casella.com

Earnings Score
Moat Score
Safety Score

Market Cap $6.40B
PE 934
Debt $1.12B
Cash $518.98M
EV $7.00B
FCF $55.96M

Earnings

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Sales & Net Margins

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Earnings	$6.85M
EBIT	$67.59M
ROE	0%
ROA	2%
FCF	$55.96M
Equity	$1.53B
Growth Stability	41%
PE	934.09
PEG	-44.68
PB	4.18
P/FCF	114.33
P/S	4.3
Price/Cash	0.08
Debt/Equity	0.73
Debt/FCF	20.06
Net Margins	1%
Gross Margins	34%
Op. Margins	5%
Earnings CAGR	16%
Sales Growth YoY	17%
Sales Growth QoQ	9%
Sales CAGR	12%
FCF CAGR	14%
Equity CAGR	26%
Earnings Stability	0.1
Earnings Growth YoY	-68%
Earnings Growth QoQ	-18%

Earnings CAGR 5Y	-21%
Sales CAGR 5Y	16%
FCF CAGR 5Y	27%
Equity CAGR 5Y	64%
Earnings CAGR 3Y	19%
Sales CAGR 3Y	19%
FCF CAGR 3Y	-6%
Equity CAGR 3Y	61%
Market Cap	$6.40B
Revenue	$1.49B
Assets	$3.12B
Total Debt	$1.12B
Cash	$518.98M
Shares Outstanding	58.32M
EV	7B
Earnings Score	8%
Moat Score	27%
Safety Score	46%
Final Score	27%
Working Capital	451.8M
Current Ratio	2.55
Gross Profit	$508.50M
Shares Growth 3y	5%
Equity Growth QoQ	48%
Equity Growth YoY	49%

Assets & ROA

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Stockholders Equity & ROE

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Casella Waste Systems Inc is a solid waste removal company, providing resource management services to residential, commercial, municipal, and industrial customers in the Northeastern United States. The company's reportable segments on Geographical basis include Eastern and Western regions as well as Resource solution segment. It generates maximum revenue from the Western region segment. The company services include Recycling, Collection, Organics, Energy, Landfills, Special Waste as well as Professional Services.

SEC Filings

Direct access to Casella Waste Systems Inc (CWST) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Casella Waste Systems Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Casella Waste Systems Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 16%

Stability 10%

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Casella Waste Systems Inc Discounted Cash Flow

Fully customizable DCF calculator online for Casella Waste Systems Inc.

Years

Calculation mode

= $1.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$56M	$64M	$73M	$83M	$94M	$108M	$123M	$140M	$159M	$181M	$207M	$2.1B
DCF		$58M	$60M	$62M	$64M	$67M	$69M	$72M	$74M	$77M	$80M	$797M
Value	$1.5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-2%	-1%	-4%	1%	4%	12%	5%	5%	2%	1%
ROA	5%	7%	-2%	5%	6%	5%	6%	7%	3%	2%
ROE	60%	28%	58%	-41%	26%	25%	10%	11%	2%	0%

Bad Net Margins (0.77%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	25.53	19.6	11.42	11.48	37.88	17.25	9.46	6.98	13.8	20.06
Debt over Equity	-24.33	-20.93	-12.87	-34.52	4.22	1.52	1.33	1.21	1.06	0.73
Growth Stability	-	-	-	-	-	100%	95%	97%	41%	41%

Bad Debt/FCF ratio (20.06)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.73)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (41%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	3%	6%	10%	13%	4%	15%	22%	17%	16%
Earnings YoY growth	-	-47%	218%	-129%	393%	188%	-55%	29%	-52%	-21%
Equity YoY growth	-	14%	54%	-58%	-875%	195%	17%	18%	105%	64%
FCF YoY growth	-	28%	63%	12%	-71%	133%	87%	45%	-9%	27%