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CWST - Casella Waste Systems, Inc.

NASDAQ -> Industrials -> Waste Management
Rutland, United States
Type: Equity

CWST price evolution
CWST
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $220.91 $219.09 $465.71 $60.23
Short term investments
Net receivables $157.32 $140.33 $117.68 $95.19
Inventory $17.86 $17.52 $16.78 $14.18
Total current assets $426.32 $413.34 $629.39 $187.83
Long term investments $10.97 $15.63 $10.97 $10.97
Property, plant & equipment $1081.4 $1038.52 $923.16 $806.85
Goodwill & intangible assets $977.1 $993.84 $806.83 $362.17
Total noncurrent assets $2109.14 $2084.67 $1787.9 $1232.06
Total investments $10.97 $15.63 $10.97 $10.97
Total assets $2535.47 $2498.01 $2417.29 $1419.89
Current liabilities
Accounts payable $116.79 $100.11 $87.6 $66.64
Deferred revenue $31.47 $18.85 $16.26 $4.15
Short long term debt $44.82 $42.58 $41.26 $16.46
Total current liabilities $278.86 $253.18 $219.18 $145.12
Long term debt $1073.74 $1080.75 $1054.38 $639.72
Total noncurrent liabilities $1234.82 $1213.96 $1189.73 $773.11
Total debt $1118.56 $1123.34 $1095.64 $656.19
Total liabilities $1513.68 $1467.15 $1408.91 $918.24
Shareholders' equity
Retained earnings -$146.52 -$144.71 -$162.88 -$168.37
Other shareholder equity -$1.08 $9.48 $7.61 $5.77
Total shareholder equity $1021.79 $1030.87 $1008.38 $501.65
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $220.91 $71.15 $33.81 $154.34
Short term investments
Net receivables $157.32 $100.89 $86.98 $74.2
Inventory $17.86 $13.47 $9.73 $7.87
Total current assets $426.32 $207.48 $146.48 $247.25
Long term investments $10.97 $10.97 $11.26 $11.26
Property, plant & equipment $1081.4 $812.61 $738.4 $605.82
Goodwill & intangible assets $977.1 $366.24 $326.58 $253.22
Total noncurrent assets $2109.14 $1241.74 $1137.1 $946.64
Total investments $10.97 $10.97 $11.26 $11.26
Total assets $2535.47 $1449.21 $1283.58 $1193.9
Current liabilities
Accounts payable $116.79 $74.2 $63.09 $49.2
Deferred revenue $31.47 $3.74 $3.4 $2.69
Short long term debt $44.82 $15.97 $17.21 $17.79
Total current liabilities $278.86 $177.6 $152.19 $131.21
Long term debt $1073.74 $585.01 $598.88 $591.39
Total noncurrent liabilities $1234.82 $773.72 $708.93 $700.55
Total debt $1118.56 $658.33 $616.09 $609.18
Total liabilities $1513.68 $951.32 $861.12 $831.76
Shareholders' equity
Retained earnings -$146.52 -$171.92 -$225 -$266.1
Other shareholder equity -$1.08 $7.54 -$5.1 -$11.52
Total shareholder equity $1021.79 $497.9 $422.46 $362.14
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $359.57 $352.74 $289.64 $262.6
Cost of revenue $239.17 $226.3 $186.32 $180.24
Gross Profit $120.39 $126.43 $103.33 $82.35
Operating activities
Research & development
Selling, general & administrative $43.13 $41.18 $35.87 $35.68
Total operating expenses $107.03 $92.24 $80.71 $72.09
Operating income $13.36 $34.19 $22.61 $10.27
Income from continuing operations
EBIT $16.91 $39.94 $16.48 $11.3
Income tax expense $2.85 $6.02 $1.99 $0.79
Interest expense $15.87 $15.75 $9 $6.96
Net income
Net income -$1.81 $18.17 $5.49 $3.55
Income (for common shares) -$1.81 $18.17 $5.49 $3.55
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $1264.54 $1085.09 $889.21 $774.58
Cost of revenue $832.04 $723.12 $582.4 $515.65
Gross Profit $432.5 $361.97 $306.81 $258.94
Operating activities
Research & development
Selling, general & administrative $155.85 $133.42 $118.83 $102.41
Total operating expenses $352.08 $266.58 $229.15 $199.64
Operating income $80.43 $95.39 $77.66 $59.3
Income from continuing operations
EBIT $84.62 $98.69 $79.28 $60.67
Income tax expense $11.65 $21.89 $16.95 -$52.8
Interest expense $47.58 $23.72 $21.23 $22.37
Net income
Net income $25.4 $53.08 $41.1 $91.11
Income (for common shares) $25.4 $53.08 $41.1 $91.11
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$1.81 $18.17 $5.49 $3.55
Operating activities
Depreciation $54.61 $47.74 $34.92 $33.44
Business acquisitions & disposals -$4.08 -$300.18 -$547.32 -$0.26
Stock-based compensation $2.38 $2.36 $2.37 $1.98
Total cash flows from operations $75.27 $74.63 $67.12 $16.08
Investing activities
Capital expenditures -$64.4 -$39.75 -$32.17 -$17.46
Investments
Total cash flows from investing -$68.48 -$339.93 -$579.5 -$17.73
Financing activities
Dividends paid
Sale and purchase of stock -$0.08 $496.4
Net borrowings -$7.69 $21.49 $421.47 -$9.28
Total cash flows from financing -$7.69 $21.41 $917.87 -$9.28
Effect of exchange rate
Change in cash and equivalents -$0.91 -$243.9 $405.49 -$10.93
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $25.4 $53.08 $41.1 $91.11
Operating activities
Depreciation $170.71 $126.35 $103.59 $90.78
Business acquisitions & disposals -$851.84 -$78.2 -$170.65 -$32.46
Stock-based compensation $9.08 $8.15 $11.55 $8.22
Total cash flows from operations $233.09 $217.31 $182.74 $139.92
Investing activities
Capital expenditures -$153.8 -$130.36 -$122.51 -$107.58
Investments $1.64
Total cash flows from investing -$1005.64 -$206.92 -$293.15 -$140.03
Financing activities
Dividends paid
Sale and purchase of stock $496.32 $0.19 $0.17 $144.89
Net borrowings $425.98 $27.76 -$10.29 $6.09
Total cash flows from financing $922.3 $26.95 -$10.12 $150.98
Effect of exchange rate
Change in cash and equivalents $149.76 $37.34 -$120.53 $150.87
Fundamentals
Market cap $5.83B
Enterprise value $6.73B
Shares outstanding 58.97M
Revenue $1.26B
EBITDA $255.33M
EBIT $84.62M
Net Income $25.40M
Revenue Q/Q 32.13%
Revenue Y/Y 16.54%
P/E ratio 229.55
EV/Sales 5.32
EV/EBITDA 26.35
EV/EBIT 79.51
P/S ratio 4.61
P/B ratio 5.70
Book/Share 17.35
Cash/Share 3.75
EPS $0.43
ROA 1.15%
ROE 2.85%
Debt/Equity 1.48
Net debt/EBITDA 5.06
Current ratio 1.53
Quick ratio 1.46