WallStSmart

Gfl Environmental Holdings Inc (GFL)vsWaste Connections Inc (WCN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Waste Connections Inc generates 43% more annual revenue ($9.61B vs $6.70B). WCN leads profitability with a 11.0% profit margin vs 3.1%. WCN trades at a lower P/E of 37.5x. WCN earns a higher WallStSmart Score of 51/100 (C-).

GFL

Hold

45

out of 100

Grade: D+

Growth: 5.3Profit: 4.0Value: 4.3Quality: 4.0
Piotroski: 6/9Altman Z: 0.80

WCN

Buy

51

out of 100

Grade: C-

Growth: 4.7Profit: 6.5Value: 4.0Quality: 3.8
Piotroski: 2/9Altman Z: 1.44
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

GFLUndervalued (+6.3%)

Margin of Safety

+6.3%

Fair Value

$47.01

Current Price

$36.74

$10.27 discount

UndervaluedFair: $47.01Overvalued
WCNFair Value (-1.5%)

Margin of Safety

-1.5%

Fair Value

$169.21

Current Price

$151.82

$17.39 premium

UndervaluedFair: $169.21Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

GFL2 strengths · Avg: 8.0/10
Price/BookValuation
2.5x8/10

Reasonable price relative to book value

EPS GrowthGrowth
22.2%8/10

Earnings expanding 22.2% YoY

WCN0 strengths · Avg: 0/10

No standout strengths identified

Areas to Watch

GFL4 concerns · Avg: 3.0/10
Return on EquityProfitability
3.0%3/10

ROE of 3.0% — below average capital efficiency

Profit MarginProfitability
3.1%3/10

3.1% margin — thin

Operating MarginProfitability
3.2%3/10

Operating margin of 3.2%

Debt/EquityHealth
1.093/10

Elevated debt levels

WCN4 concerns · Avg: 3.3/10
PEG RatioValuation
1.774/10

Expensive relative to growth rate

P/E RatioValuation
37.5x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

EPS GrowthGrowth
-7.6%2/10

Earnings declined 7.6%

Comparative Analysis Report

WallStSmart Research

Bull Case : GFL

The strongest argument for GFL centers on Price/Book, EPS Growth.

Bull Case : WCN

WCN has a balanced fundamental profile.

Bear Case : GFL

The primary concerns for GFL are Return on Equity, Profit Margin, Operating Margin. A P/E of 97.9x leaves little room for execution misses. Thin 3.1% margins leave little buffer for downturns.

Bear Case : WCN

The primary concerns for WCN are PEG Ratio, P/E Ratio, Piotroski F-Score.

Key Dynamics to Monitor

WCN carries more volatility with a beta of 0.54 — expect wider price swings.

WCN is growing revenue faster at 6.4% — sustainability is the question.

WCN generates stronger free cash flow (249M), providing more financial flexibility.

Monitor WASTE MANAGEMENT industry trends, competitive dynamics, and regulatory changes.

Bottom Line

WCN scores higher overall (51/100 vs 45/100). Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Gfl Environmental Holdings Inc

INDUSTRIALS · WASTE MANAGEMENT · USA

GFL Environmental Inc. is a diversified environmental services company in Canada and the United States. The company is headquartered in Vaughan, Canada.

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Waste Connections Inc

INDUSTRIALS · WASTE MANAGEMENT · USA

Waste Connections, Inc. provides waste collection, transfer, disposal and recycling services in the United States and Canada. The company is headquartered in Vaughan, Canada.

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