Waste Connections Inc (WCN)

NYSE · Industrials · Waste Management · Canada

Waste Connections Inc is a large cap company (market value between $10 billion and $200 billion) in the Waste Management industry.

Waste Connections offers refuse collection, transfer, and disposal across multiple U.S. states and Canadian provinces, alongside resource recovery via recycling and renewable fuels production. The company also delivers specialized treatment for oil and gas exploration waste and provides intermodal cargo transportation services in the Pacific Northwest.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Waste Connections Inc stock.

Our verdict on WCN

Overvalued: intrinsic value $115.91 per share, market price $184.08, margin of safety -58.8% (as of 2026-10-30).

Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $115.91; the price of $184.08 is 59% above that value, and 81% of that value comes from beyond year five.

Leak Score: 38/100 on 12 of 12 signals (On Watch).

ETFs with the most weight in WCN

17 more funds hold it; the full list is part of the paid plan.

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All 21 Waste Management stocks

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Is WCN undervalued or overvalued?

WCN is overvalued (as of the 2026-10-30 close). Discounting its cash flows at 7.7% (average of 3 methods) values the shares at $115.91; the price of $184.08 is 59% above that value, and 81% of that value comes from beyond year five.

What is the intrinsic value of WCN?

$115.91 per share (as of the 2026-10-30 close), against a market price of $184.08. That is a margin of safety of -58.8%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Waste Connections Inc's Leak Score?

38 out of 100, which we rate "On Watch", on 12 of 12 value investing signals.