Company Valuation: Casella Waste Systems, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 4,390 4,099 4,955 6,699 6,219 5,722 - -
Change - -6.64% 20.9% 35.2% -7.17% -7.99% - -
Enterprise Value (EV) 1 4,909 4,622 5,778 7,449 7,249 7,032 6,959 7,060
Change - -5.85% 25.02% 28.93% -2.68% -3% -1.03% 1.44%
P/E 107x 77x 186x 460x 816x 1,499x 163x 121x
PBR 10.4x 8.25x 4.62x 4.26x 3.97x 3.61x 3.53x 3.64x
PEG - 2.7x -3.4x -9.2x -17.1x -30x 0x 3.4x
Capitalization / Revenue 4.94x 3.78x 3.92x 4.3x 3.39x 2.72x 2.54x 2.36x
EV / Revenue 5.52x 4.26x 4.57x 4.78x 3.95x 3.35x 3.09x 2.92x
EV / EBITDA 24.1x 18.8x 19.6x 20.7x 17.1x 14.7x 13.3x 12.4x
EV / EBIT 58.2x 45.2x 55x 46.3x 43.8x 38.3x 32.8x 29x
EV / FCF 81.5x 53.1x 45x 95.3x 40.3x 33.8x 29.6x 25x
FCF Yield 1.23% 1.88% 2.22% 1.05% 2.48% 2.96% 3.38% 4%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.8 1.03 0.46 0.23 0.12 0.06 0.5513 0.746
Distribution rate - - - - - - - -
Net sales 1 889.2 1,085 1,265 1,557 1,837 2,101 2,252 2,420
EBITDA 1 203.6 245.2 294.6 360.6 422.8 479.8 525.2 570.7
EBIT 1 84.38 102.2 105 160.8 165.7 183.6 212.1 243.5
Net income 1 41.1 53.08 25.4 13.54 7.871 3.266 41.28 56.87
Net Debt 1 518.6 522.8 822.5 749.9 1,031 1,310 1,238 1,338
Reference price 2 85.42 79.31 85.46 105.81 97.94 89.91 89.91 89.91
Nbr of stocks (in thousands) 51,398 51,680 57,983 63,314 63,494 63,640 - -
Announcement Date 2/17/22 A 2/16/23 A 2/15/24 A 2/12/25 A 2/19/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
1498.5x3.35x14.65x-.--% 5.72B
34.48x4.9x14.73x0.87% 40.26B
-63.11x3.97x12.91x0.13% 15.43B
26.87x1.73x8.4x2.88% 4.13B
11.14x - - - 3.69B
10.32x - - 4.37% 3.59B
13.96x - - - 3.4B
Average 218.88x 3.49x 12.67x 1.65% 10.89B
Weighted average by Cap. 121.03x 4.34x 13.90x 0.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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