Republic Services Inc
NYSE:RSG
Intrinsic Value
Republic Services, Inc. engages in the provision of services in the domestic non-hazardous solid waste industry. [ Read More ]
The intrinsic value of one RSG stock under the Base Case scenario is 143.21 USD. Compared to the current market price of 191.44 USD, Republic Services Inc is Overvalued by 25%.
Valuation Backtest
Republic Services Inc
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Fundamental Analysis
Republic Services Posts Strong 2023 Results
2023-Q4 Earnings Call
Republic Services achieved a revenue growth of 11%, with 5% from acquisitions, and saw adjusted EBITDA growth of 13%. Adjusted EBITDA margin expanded by 60 basis points due to underlying business growth. The company reported an adjusted earnings per share of $5.61 and generated $1.99 billion in adjusted free cash flow. In the fourth quarter alone, organic revenue grew with increases in price and volume, boasting an 8.8% core price on related revenue and a 7.7% average yield on related revenue. The company forecasts continued growth in 2024, expecting revenue between $16.1 billion and $16.2 billion, adjusted EBITDA ranging from $4.825 billion to $4.875 billion, and adjusted earnings per share between $5.94 to $6. Additionally, they anticipate generating $2.1 billion to $2.15 billion in adjusted free cash flow.
Balance Sheet Decomposition
Republic Services Inc
Current Assets | 2.4B |
Cash & Short-Term Investments | 140m |
Receivables | 2B |
Other Current Assets | 247.7m |
Non-Current Assets | 29B |
Long-Term Investments | 469.4m |
PP&E | 11.6B |
Intangibles | 16.3B |
Other Non-Current Assets | 640m |
Current Liabilities | 4.2B |
Accounts Payable | 1.4B |
Accrued Liabilities | 1.1B |
Other Current Liabilities | 1.7B |
Non-Current Liabilities | 16.6B |
Long-Term Debt | 11.9B |
Other Non-Current Liabilities | 4.8B |
Earnings Waterfall
Republic Services Inc
Revenue
|
15B
USD
|
Cost of Revenue
|
-8.8B
USD
|
Gross Profit
|
6.2B
USD
|
Operating Expenses
|
-3.4B
USD
|
Operating Income
|
2.8B
USD
|
Other Expenses
|
-1.1B
USD
|
Net Income
|
1.7B
USD
|
Free Cash Flow Analysis
Republic Services Inc
What is Free Cash Flow?
RSG Profitability Score
Profitability Due Diligence
Republic Services Inc's profitability score is 58/100. The higher the profitability score, the more profitable the company is.
Score
Republic Services Inc's profitability score is 58/100. The higher the profitability score, the more profitable the company is.
RSG Solvency Score
Solvency Due Diligence
Republic Services Inc's solvency score is 37/100. The higher the solvency score, the more solvent the company is.
Score
Republic Services Inc's solvency score is 37/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
RSG Price Targets Summary
Republic Services Inc
According to Wall Street analysts, the average 1-year price target for RSG is 205.36 USD with a low forecast of 193.92 USD and a high forecast of 225.75 USD.
Ownership
RSG Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
RSG Price
Republic Services Inc
Average Annual Return | 15.71% |
Standard Deviation of Annual Returns | 21.97% |
Max Drawdown | -34% |
Market Capitalization | 60.2B USD |
Shares Outstanding | 314 611 008 |
Percentage of Shares Shorted | 1.29% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Republic Services, Inc. engages in the provision of services in the domestic non-hazardous solid waste industry. The company is headquartered in Phoenix, Arizona and currently employs 35,000 full-time employees. The firm's segments include Group 1, Group 2, and Corporate entities and other. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western United States. Group 2 consists of geographic areas located in the southeastern and mid-western United States, and the eastern seaboard of the United States. Its segments provide integrated environmental services, including collection, transfer, recycling, and disposal services. The company operates facilities in approximately 41 states through 345 collection operations, 220 transfer stations, 186 active landfills, 76 recycling processing centers, six treatment, recovery and disposal facilities, nine salt water disposal wells, and seven deep injection wells. The company also operates around 75 landfill gas and renewable energy projects and had post-closure responsibility for 128 closed landfills.
Contact
IPO
Employees
Officers
The intrinsic value of one RSG stock under the Base Case scenario is 143.21 USD.
Compared to the current market price of 191.44 USD, Republic Services Inc is Overvalued by 25%.