Last $44.34 USD
Change Today +0.16 / 0.36%
Volume 1.3M
WM On Other Exchanges
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Exchange
Berlin
New York
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1001 Fannin Street

Suite 4000

Houston, TX 77002

United States

Phone: 713-512-6200

Fax:

Waste Management, Inc. provides waste management environmental services in North America. The company partners with its residential, commercial, industrial, and municipal customers, as well as the communities that the company serves. The company’s ‘Solid Waste’ business is operated and managed locally by its subsidiaries that focus on geographic areas and provides collection, transfer, recycling and resource recovery, and disposal services. Through its subsidiaries, the company is a developer, operator, and owner of waste-to-energy and landfill gas-to-energy facilities in the United States. The company owns or operates 267 landfill sites. Its subsidiary, Wheelabrator Technologies, Inc., also uses waste to create energy by operating waste combustion plants that produce clean, renewable energy. It is a recycler in North America, handling materials that include paper, cardboard, glass, plastic, metal, and electronics. The company provides recycling programs for municipalities, businesses, and households across the U.S. and Canada. In addition to traditional waste operations, the company is expanding to increase the service offerings that it provides for its customers. Operations The company’s Wheelabrator business provides waste-to-energy services and manages waste-to-energy facilities and independent power production plants (IPPs). It also provides additional services that are not managed through its Solid Waste or Wheelabrator businesses. The services that the company provides include collection, landfill (solid and hazardous waste landfills), transfer, operation of waste-to-energy facilities and IPPs, recycling and resource recovery and other services. Collection Collection includes picking up and transporting waste and recyclable materials from where it is generated to a transfer station, material recovery facility (MRF), or disposal site. The company provides collection services under one of two types of arrangements: For commercial and industrial collection services, the company has a three-year service agreement. The company provides steel containers to various customers to store their solid waste between pick-up dates. For various residential collection services, the company has a contract with, or a franchise granted by, a municipality, homeowners’ association or some other regional authority that gives the company the right to service all or a portion of the homes in an area. These contracts or franchises are for periods of three to six years. The company also provides services under individual monthly subscriptions directly to households. Landfill Landfills are the main depositories for solid waste in North America. As of December 31, 2013, the company owned or operated 262 solid waste landfills and 5 secure hazardous waste landfills, which represents the primary network of landfills in North America. The operation and closure activities of a solid waste landfill include excavation, construction of liners, continuous spreading and compacting of waste, covering of waste with earth or other acceptable material and constructing final capping of the landfill. The company’s hazardous waste landfills are sited, constructed, and operated in a manner designed to provide long-term containment of waste. It also operates a hazardous waste facility at which the company isolates treated hazardous waste in liquid form by injection into deep wells that have been drilled in certain acceptable geologic formations far below the base of fresh water to a point that is safely separated by other geological confining layers. Transfer As of December 31, 2013, the company owned or operated 300 transfer stations in North America. It deposits waste at these stations, as do other waste haulers. As of December 31, 2013, the company’s medical waste services business also had 15 smaller transfer operations (separate from its 8 processing facilities, and some of which are located at other existing company facilities) that are permitted to consolidate regulated medical waste collections for disposal. Wheelabrator As of December 31, 2013, the company owned or operated 16 waste-to-energy facilities and 4

 

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Industry Analysis

WM

Industry Average

Valuation WM Industry Range
Price/Earnings 100.0x
Price/Sales 1.5x
Price/Book 3.6x
Price/Cash Flow 13.9x
TEV/Sales 0.7x
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