Waste Connections Shares Outstanding vs. Net Income

UI51 Stock  EUR 181.35  0.70  0.38%   
Based on Waste Connections' profitability indicators, Waste Connections may not be well positioned to generate adequate gross income at the moment. It has a very high risk of underperforming in January. Profitability indicators assess Waste Connections' ability to earn profits and add value for shareholders.
For Waste Connections profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Waste Connections to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Waste Connections utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Waste Connections's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Waste Connections over time as well as its relative position and ranking within its peers.
  
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For more detail on how to invest in Waste Stock please use our How to Invest in Waste Connections guide.
Please note, there is a significant difference between Waste Connections' value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Connections is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Connections' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Waste Connections Net Income vs. Shares Outstanding Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Waste Connections's current stock value. Our valuation model uses many indicators to compare Waste Connections value to that of its competitors to determine the firm's financial worth.
Waste Connections is rated first in shares outstanding category among its peers. It is rated third in net income category among its peers making up about  3.25  of Net Income per Shares Outstanding. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Waste Connections' earnings, one of the primary drivers of an investment's value.

Waste Net Income vs. Shares Outstanding

Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Waste Connections

Shares Outstanding

 = 

Public Shares

-

Repurchased

 = 
257.22 M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Waste Connections

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
835.66 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.

Waste Net Income Comparison

Waste Connections is currently under evaluation in net income category among its peers.

Waste Connections Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Waste Connections, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Waste Connections will eventually generate negative long term returns. The profitability progress is the general direction of Waste Connections' change in net profit over the period of time. It can combine multiple indicators of Waste Connections, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Waste Connections, Inc., a solid waste services company, provides waste collection, transfer, disposal, and recycling services in the United States and Canada. Waste Connections, Inc. was founded in 1997 and is based in Vaughan, Canada. Waste Connections is traded on Frankfurt Stock Exchange in Germany.

Waste Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Waste Connections. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Waste Connections position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Waste Connections' important profitability drivers and their relationship over time.

Use Waste Connections in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Waste Connections position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Waste Connections will appreciate offsetting losses from the drop in the long position's value.

Waste Connections Pair Trading

Waste Connections Pair Trading Analysis

The ability to find closely correlated positions to Waste Connections could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Waste Connections when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Waste Connections - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Waste Connections to buy it.
The correlation of Waste Connections is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Waste Connections moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Waste Connections moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Waste Connections can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Waste Connections position

In addition to having Waste Connections in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

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Health Care ETFs
Health Care ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Health Care ETFs theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Health Care ETFs Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Waste Stock

When determining whether Waste Connections offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Waste Connections' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Waste Connections Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Waste Connections Stock:
Check out World Market Map.
For more detail on how to invest in Waste Stock please use our How to Invest in Waste Connections guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
To fully project Waste Connections' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Waste Connections at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Waste Connections' income statement, its balance sheet, and the statement of cash flows.
Potential Waste Connections investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Waste Connections investors may work on each financial statement separately, they are all related. The changes in Waste Connections's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Waste Connections's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.