Onterris Inc (ONT) is overvalued and Waste Connections Inc (WCN) is overvalued.
Both trade above our estimate of their intrinsic value. ONT is the closer of the two: -61%, against -71% for WCN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.6% (average of 2 methods) values the shares at $10.52; the price of $16.94 is 61% above that value, and 78% of that value comes from beyond year five.
Leak Score 20/100 on 7 of 12 signals
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $91.12; the price of $155.42 is 71% above that value, and 81% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | ONT | WCN |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $16.94 | $155.42 |
| Intrinsic value | $10.52 | $91.12 |
| Margin of safety | -61% | -71% |
| Leak Score | 20/100 (7/12) | 14/100 (3/12) |
| Market cap | $595M | $39.2B |
| Revenue growth, 5 years | 20.4% | 11.7% |
| Operating margin | 1.1% | 17.6% |
| Net margin | -1.4% | 10.9% |
| Return on equity | -2.4% | 13.0% |
| Debt to equity | 0.97 | 1.22 |
| P/E | — | 37.5x |
| Forward P/E | 82.2x | 25.1x |
| P/B | 1.4x | 5.0x |
| Dividend yield | — | 0.9% |