(WM) Waste Management - Overview
Sector: Industrials | Industry: Waste Management | Exchange: NYSE (USA) | Market Cap: 92.545m USD | Total Return: 1% in 12m
Collection, Recycling, Disposal, Energy
Total Rating 47
Safety 75
Buy Signal 0.69
Waste Management
Industry Rotation: -9.7
Industry Rotation: -9.7
Market Cap:
92.5B
Avg Turnover: 401M USD
Avg Turnover: 401M USD
ATR:
2.07%
Peers RS (IBD): 69.4
Peers RS (IBD): 69.4
Risk 5d forecast
Volatility18.8%
Rel. Tail Risk-8.46%
Reward TTM
Sharpe Ratio0.05
Alpha1.32
Character TTM
Beta-0.048
Beta Downside0.101
Drawdowns 3y
Max DD18.14%
CAGR/Max DD0.75
EPS (Earnings per Share)
EPS CAGR: -45.21%
EPS Trend: -14.5%
EPS Trend: -14.5%
Last SUE: -4.00
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 8.43%
Rev. Trend: 94.5%
Rev. Trend: 94.5%
Last SUE: -1.44
Qual. Beats: 0
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: WM Waste Management
Waste Management, Inc. (NYSE: WM) delivers a full suite of environmental services across North America and Western Europe, ranging from residential and commercial waste collection to advanced recycling, landfill-gas-to-energy generation, and regulated-waste compliance. Its operations span transfer stations, landfills, renewable-energy facilities, and secure information-destruction services, positioning the company as an integrated waste-to-resource provider.
In FY 2023, WM reported revenue of $15.5 billion and adjusted EBITDA of $2.6 billion, reflecting a 4 % YoY increase driven by higher recycling volumes (+7 % to 12 million tons) and expanded renewable-energy output (landfill-gas-to-electricity capacity now exceeds 1.5 GW). Capital expenditures rose to $1.3 billion, focused on modernizing landfill sites and scaling its renewable natural-gas (RNG) projects, which are projected to supply ≈ 250 MMcf/d of RNG by 2025.
Key sector catalysts include tightening federal and state waste-diversion mandates, growing demand for ESG-aligned waste solutions, and rising commodity prices for recycled materials that boost margin potential. As municipalities accelerate zero-waste goals, WM’s integrated model is well-placed to capture incremental volume and revenue.
For a deeper dive into WM’s valuation, see ValueRay’s research.
- Commercial and industrial waste volumes drive collection revenue
- Landfill gas-to-energy projects boost renewable energy income
- Commodity price fluctuations impact recycling segment profitability
- Environmental regulations influence operating costs and capital expenditures
- Fuel and labor expenses directly affect operating margins
Piotroski VR‑10 (Strict)
6.0
| Net Income: 2.71b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.30 > 1.0 |
| NWC/Revenue: -2.44% < 20% (prev -6.73%; Δ 4.29% < -1%) |
| CFO/TA 0.13 > 3% & CFO 6.04b > Net Income 2.71b |
| Net Debt (22.71b) to EBITDA (7.27b): 3.12 < 3 |
| Current Ratio: 0.89 > 1.5 & < 3 |
| Outstanding Shares: last quarter (404.5m) vs 12m ago 0.22% < -2% |
| Gross Margin: 29.08% > 18% (prev 0.29%; Δ 2.88k% > 0.5%) |
| Asset Turnover: 55.76% > 50% (prev 49.51%; Δ 6.25% > 0%) |
| Interest Coverage Ratio: 4.76 > 6 (EBITDA TTM 7.27b / Interest Expense TTM 912.0m) |
Altman Z''
2.29
| A: -0.01 (Total Current Assets 4.91b - Total Current Liabilities 5.52b) / Total Assets 45.84b |
| B: 0.38 (Retained Earnings 17.23b / Total Assets 45.84b) |
| C: 0.10 (EBIT TTM 4.34b / Avg Total Assets 45.20b) |
| D: 0.48 (Book Value of Equity 17.23b / Total Liabilities 35.84b) |
| Altman-Z'' Score: 2.29 = BBB |
Beneish M
-3.04
| DSRI: 0.96 (Receivables 4.05b/3.69b, Revenue 25.20b/22.06b) |
| GMI: 1.00 (GM 29.08% / 29.07%) |
| AQI: 0.98 (AQ_t 0.45 / AQ_t-1 0.46) |
| SGI: 1.14 (Revenue 25.20b / 22.06b) |
| TATA: -0.07 (NI 2.71b - CFO 6.04b) / TA 45.84b) |
| Beneish M-Score: -3.04 (Cap -4..+1) = AA |
What is the price of WM shares?
As of April 14, 2026, the stock is trading at USD 231.00 with a total of 1,820,697 shares traded.
Over the past week, the price has changed by -1.20%, over one month by -3.16%, over three months by +7.28% and over the past year by +0.95%.
Over the past week, the price has changed by -1.20%, over one month by -3.16%, over three months by +7.28% and over the past year by +0.95%.
Is WM a buy, sell or hold?
Waste Management has received a consensus analysts rating of 3.84.
Therefore, it is recommended to buy WM.
- StrongBuy: 9
- Buy: 4
- Hold: 11
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the WM price?
| Analysts Target Price | 254.3 | 10.1% |
Waste Management (WM) - Fundamental Data Overview
as of 13 April 2026
P/E Trailing = 34.2463 P/E Forward = 27.7778
P/S = 3.6719
P/B = 9.2541
P/EG = 2.3315
Revenue TTM = 25.20b USD
EBIT TTM = 4.34b USD
EBITDA TTM = 7.27b USD
Long Term Debt = 22.20b USD (from longTermDebt, last quarter)
Short Term Debt = 711.0m USD (from shortTermDebt, last quarter)
Debt = 22.91b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 22.71b USD (from netDebt column, last quarter)
Enterprise Value = 115.25b USD (92.55b + Debt 22.91b - CCE 201.0m)
Interest Coverage Ratio = 4.76 (Ebit TTM 4.34b / Interest Expense TTM 912.0m)
EV/FCF = 40.93x (Enterprise Value 115.25b / FCF TTM 2.82b)
FCF Yield = 2.44% (FCF TTM 2.82b / Enterprise Value 115.25b)
FCF Margin = 11.17% (FCF TTM 2.82b / Revenue TTM 25.20b)
Net Margin = 10.74% (Net Income TTM 2.71b / Revenue TTM 25.20b)
Gross Margin = 29.08% ((Revenue TTM 25.20b - Cost of Revenue TTM 17.88b) / Revenue TTM)
Gross Margin QoQ = 29.30% (prev 29.19%)
Tobins Q-Ratio = 2.51 (Enterprise Value 115.25b / Total Assets 45.84b)
Interest Expense / Debt = 0.97% (Interest Expense 223.0m / Debt 22.91b)
Taxrate = 20.64% (193.0m / 935.0m)
NOPAT = 3.44b (EBIT 4.34b * (1 - 20.64%))
Current Ratio = 0.89 (Total Current Assets 4.91b / Total Current Liabilities 5.52b)
Debt / Equity = 2.29 (Debt 22.91b / totalStockholderEquity, last quarter 9.99b)
Debt / EBITDA = 3.12 (Net Debt 22.71b / EBITDA 7.27b)
Debt / FCF = 8.06 (Net Debt 22.71b / FCF TTM 2.82b)
Total Stockholder Equity = 9.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.99% (Net Income 2.71b / Total Assets 45.84b)
RoE = 28.99% (Net Income TTM 2.71b / Total Stockholder Equity 9.34b)
RoCE = 13.76% (EBIT 4.34b / Capital Employed (Equity 9.34b + L.T.Debt 22.20b))
RoIC = 10.47% (NOPAT 3.44b / Invested Capital 32.87b)
WACC = 4.81% (E(92.55b)/V(115.45b) * Re(5.81%) + D(22.91b)/V(115.45b) * Rd(0.97%) * (1-Tc(0.21)))
Discount Rate = 5.81% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 33.33 | Cagr: 0.04%
[DCF] Terminal Value 87.01% ; FCFF base≈2.55b ; Y1≈2.74b ; Y5≈3.35b
[DCF] Fair Price = 188.7 (EV 98.75b - Net Debt 22.71b = Equity 76.05b / Shares 402.9m; r=6.0% [WACC]; 5y FCF grow 8.22% → 3.0% )
EPS Correlation: -14.53 | EPS CAGR: -45.21% | SUE: -4.0 | # QB: 0
Revenue Correlation: 94.49 | Revenue CAGR: 8.43% | SUE: -1.44 | # QB: 0
EPS next Quarter (2026-06-30): EPS=2.03 | Chg7d=-0.004 | Chg30d=-0.006 | Revisions Net=-1 | Analysts=23
EPS current Year (2026-12-31): EPS=8.20 | Chg7d=-0.010 | Chg30d=-0.006 | Revisions Net=-1 | Growth EPS=+9.3% | Growth Revenue=+5.2%
EPS next Year (2027-12-31): EPS=9.34 | Chg7d=-0.024 | Chg30d=-0.021 | Revisions Net=+1 | Growth EPS=+13.9% | Growth Revenue=+5.5%
[Analyst] Revisions Ratio: -0.33 (1 Up / 2 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.0% (Discount Rate 7.9% - Earnings Yield 2.9%)
[Growth] Growth Spread = -0.9% (Analyst 4.1% - Implied 5.0%)
External Resources