Company Valuation: SECURE Waste Infrastructure Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,621 2,179 2,726 3,809 3,757 4,927 - -
Change - 34.45% 25.1% 39.7% -1.36% 31.16% - -
Enterprise Value (EV) 1 2,927 3,198 3,816 4,237 4,755 5,880 5,771 5,381
Change - 9.27% 19.32% 11.02% 12.23% 23.67% -1.86% -6.76%
P/E ratio -6.05x 11.9x 14.5x 7.23x 32x 23.7x 21.6x 16.6x
PBR 1.47x 1.72x 2.29x 3.65x 4.74x 4.91x 3.98x 3.05x
PEG - -0x 1.4x 0x -0.4x 0.3x 2.25x 0.5x
Capitalization / Revenue 1.82x 1.42x 1.66x 2.71x 2.55x 3.18x 3.01x 2.98x
EV / Revenue 3.28x 2.08x 2.32x 3.02x 3.23x 3.79x 3.53x 3.25x
EV / EBITDA 10.2x 5.74x 6.47x 8.65x 9.49x 10.9x 10.2x 9.27x
EV / EBIT -13.9x 8.44x 9.86x 13.4x 15.2x 18.2x 16.7x 14.8x
EV / FCF 23.2x 10.2x 14.1x 11.7x 99.1x 23.2x 20x 14.9x
FCF Yield 4.3% 9.85% 7.1% 8.57% 1.01% 4.31% 5% 6.71%
Dividend per Share 2 0.03 0.1225 0.4 0.4 0.4 0.42 0.43 0.4333
Rate of return 0.57% 1.74% 4.24% 2.46% 2.32% 1.86% 1.9% 1.92%
EPS 2 -0.87 0.59 0.65 2.25 0.54 0.955 1.047 1.365
Distribution rate -3.45% 20.8% 61.5% 17.8% 74.1% 44% 41.1% 31.7%
Net sales 1 893 1,534 1,647 1,403 1,472 1,551 1,636 1,654
EBITDA 1 286 557 590 490 501 538.4 567.8 580.5
EBIT 1 -210 379 387 317 313 323.5 345 363.5
Net income 1 -203 184 195 582 123 214.7 231 299
Net Debt 1 1,306 1,019 1,090 428 998 953.2 843.5 453.7
Reference price 2 5.26 7.03 9.43 16.26 17.27 22.60 22.60 22.60
Nbr of stocks (in thousands) 308,152 309,992 289,100 234,231 217,533 218,020 - -
Announcement Date 3/2/22 3/2/23 2/26/24 2/21/25 2/20/26 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.66x3.79x10.92x1.86% 3.6B
33x4.92x14.75x0.88% 40.68B
175.85x3.71x12.17x0.12% 14.07B
286.85x3.04x13.22x-.--% 5.16B
39.36x1.65x8.17x2.91% 3.72B
15.85x - - - 3.46B
11.83x - - 2.81% 3.41B
23.47x - - - 3.38B
7.46x - - 5.27% 2.67B
Average 68.59x 3.42x 11.85x 1.98% 8.91B
Weighted average by Cap. 71.39x 4.28x 13.52x 1.08%

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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