CWST
Casella Waste Systems, Inc. (CWST)
Last Price$107.3(1.5%)
Market Cap$6,842.7M
DCF value
($821.3)
Overvalued (DCF value)
(865.4%)
Discount Rate
9.1%
Long-Term Growth Rate
2.0%
Stock quality
6/10
Good

CWST DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Dec'20 ActualDec'21 ActualDec'22 ActualDec'23 ActualDec'24 ActualDec'25 EstimateDec'26 EstimateDec'27 EstimateDec'28 EstimateDec'29 EstimateDec'30 EstimateDec'31 EstimateDec'32 EstimateDec'33 EstimateDec'34 EstimateDec'35 Terminal
% growth
774.6
4.2%
889.2
14.8%
1,085.1
22.0%
1,264.5
16.5%
1,557.3
23.1%
1,788.8
14.9%
1,912.9
6.9%
2,039.2
6.6%
2,162.0
6.0%
2,279.8
5.4%
2,391.0
4.9%
2,493.8
4.3%
2,586.7
3.7%
2,668.1
3.1%
2,736.8
2.6%
2,791.6
2.0%
59.3
7.7%
77.7
8.7%
95.4
8.8%
80.4
6.4%
72.8
4.7%
140.0
7.8%
149.7
7.8%
159.6
7.8%
169.2
7.8%
178.5
7.8%
187.2
7.8%
195.2
7.8%
202.5
7.8%
208.8
7.8%
214.2
7.8%
218.5
7.8%
NOPAT
% effective tax rate
141.0
18.2%
55.0
6.2%
67.5
6.2%
55.1
4.4%
46.8
3.0%
90.0
5.0%
96.3
5.0%
102.6
5.0%
108.8
5.0%
114.8
5.0%
120.4
5.0%
125.5
5.0%
130.2
5.0%
134.3
5.0%
137.8
5.0%
140.5
5.0%
% of revenue
97.9
12.6%
124.7
14.0%
148.2
13.7%
170.7
13.5%
234.9
15.1%
251.9
14.1%
269.3
14.1%
287.1
14.1%
304.4
14.1%
321.0
14.1%
336.6
14.1%
351.1
14.1%
364.2
14.1%
375.7
14.1%
385.3
14.1%
393.0
14.1%
% of revenue
(108.1)
(14.0%)
(123.3)
(13.9%)
(131.0)
(12.1%)
(154.9)
(12.3%)
(203.5)
(13.1%)
(222.9)
(12.5%)
(238.4)
(12.5%)
(254.1)
(12.5%)
(269.4)
(12.5%)
(284.1)
(12.5%)
(298.0)
(12.5%)
(310.8)
(12.5%)
(322.4)
(12.5%)
(332.5)
(12.5%)
(341.1)
(12.5%)
(347.9)
(12.5%)
(25.2)
(3.2%)
(13.1)
(1.5%)
(11.3)
(1.0%)
(61.2)
(4.8%)
(25.1)
(1.6%)
(44.6)
(2.5%)
(47.7)
(2.5%)
(50.9)
(2.5%)
(54.0)
(2.5%)
(56.9)
(2.5%)
(59.7)
(2.5%)
(62.2)
(2.5%)
(64.6)
(2.5%)
(66.6)
(2.5%)
(68.3)
(2.5%)
(69.7)
(2.5%)
Free Cash Flow to Firm (FCFF)
% of revenue
105.6
13.6%
43.4
4.9%
73.5
6.8%
9.8
0.8%
53.1
3.4%
74.3
4.2%
79.5
4.2%
84.7
4.2%
89.8
4.2%
94.7
4.2%
99.4
4.2%
103.6
4.2%
107.5
4.2%
110.9
4.2%
113.7
4.2%
116.0
4.2%
% of FCFF used in calculation
80.8%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
Discount factor
0.96
0.88
0.80
0.74
0.68
0.62
0.57
0.52
0.48
0.44
Discounted FCFF (DFCFF)
57.5
69.8
68.2
66.2
64.0
61.5
58.8
55.9
52.9
49.7

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CWST DCF Value

DCF Value Calculation

as of Mar 11, 2025
Sum of DFCFF
% share of EV
604.7M
45.8%
Terminal Value (TV)
1,634.4M
Discounted TV
% share of EV
714.7M
54.2%
Total Debt
54.1B
Shares outstanding
63.8M
FX rate
1.0
(821.3)
865.4% overvalued

Equity Value Bridge

CWST DCF Financials

Revenue
$1,557.3M -> $2,736.8M 5.8% CAGR
Operating Income
$72.8M -> $214.2M 11.4% CAGR
FCFF
$53.1M -> $113.7M 7.9% CAGR

CWST DCF sensitivity

DCF value
Long-term Terminal growth rate
1.0%
1.5%
2.0%
2.5%
3.0%
WACC
8.0%
($820.0)
($819.0)
($817.0)
($816.0)
($815.0)
8.5%
($821.0)
($820.0)
($819.0)
($818.0)
($817.0)
9.1%
($823.0)
($822.0)
($821.0)
($820.0)
($819.0)
9.5%
($824.0)
($823.0)
($822.0)
($822.0)
($821.0)
10.0%
($825.0)
($824.0)
($824.0)
($823.0)
($822.0)
DCF value, undervalued / overvalued
Long-term Terminal growth rate
1.0%
1.5%
2.0%
2.5%
3.0%
WACC
8.0%
(864.0%)
(863.0%)
(861.0%)
(860.0%)
(859.0%)
8.5%
(865.0%)
(864.0%)
(863.0%)
(862.0%)
(861.0%)
9.1%
(867.0%)
(866.0%)
(865.0%)
(864.0%)
(863.0%)
9.5%
(868.0%)
(867.0%)
(866.0%)
(866.0%)
(865.0%)
10.0%
(869.0%)
(868.0%)
(868.0%)
(867.0%)
(866.0%)

Explore more intrinsic value tools hub for CWST

FAQ

What is Casella Waste Systems, Inc. DCF (discounted cash flow) valuation?

As of Mar 11, 2025, Casella Waste Systems, Inc.'s Discounted Cash Flow (DCF) valuation estimates its share price at ($821.3). This suggests it may be overvalued by (865.4%) compared to its current price of around $107.3, using a WACC of 9.1% and growth rates of 2.0%.

What is Casella Waste Systems, Inc. WACC?

As of Mar 11, 2025, Casella Waste Systems, Inc.'s Weighted Average Cost of Capital (WACC) is approximately 9.1%.

What is Casella Waste Systems, Inc. Enterprise Value?

As of Mar 11, 2025, Casella Waste Systems, Inc.'s Enterprise Value (EV) is approximately $1,319.4M. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.