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Clean Harbors

NYSE:CLH
Snowflake Description

Proven track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CLH
NYSE
$3B
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Clean Harbors, Inc. provides environmental, energy, and industrial services in North America. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Clean Harbors has significant price volatility in the past 3 months.
CLH Share Price and Events
7 Day Returns
-2.2%
NYSE:CLH
-4%
US Commercial Services
-2.6%
US Market
1 Year Returns
-29.8%
NYSE:CLH
-19.7%
US Commercial Services
-13.3%
US Market
CLH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clean Harbors (CLH) -2.2% -24.1% -39.3% -29.8% -12% -11.1%
US Commercial Services -4% -25.4% -27.9% -19.7% 4.3% 19.8%
US Market -2.6% -15.2% -22.2% -13.3% 5.7% 17.2%
1 Year Return vs Industry and Market
  • CLH underperformed the Commercial Services industry which returned -19.7% over the past year.
  • CLH underperformed the Market in United States of America which returned -13.3% over the past year.
Price Volatility
CLH
Industry
5yr Volatility vs Market

CLH Value

 Is Clean Harbors undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Clean Harbors to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Clean Harbors.

NYSE:CLH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CLH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.638 (1 + (1- 21%) (62.74%))
0.97
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.97 * 5.44%)
7.01%

Discounted Cash Flow Calculation for NYSE:CLH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Clean Harbors is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NYSE:CLH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.01%)
2020 214.33 Analyst x7 200.28
2021 234.82 Analyst x6 205.04
2022 235.00 Analyst x2 191.75
2023 273.00 Analyst x1 208.16
2024 289.00 Analyst x1 205.91
2025 301.08 Est @ 4.18% 200.46
2026 311.47 Est @ 3.45% 193.78
2027 320.61 Est @ 2.94% 186.40
2028 328.87 Est @ 2.58% 178.67
2029 336.52 Est @ 2.33% 170.84
Present value of next 10 years cash flows $1,941.00
NYSE:CLH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $336.52 × (1 + 1.74%) ÷ (7.01% – 1.74%)
$6,491.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,491.11 ÷ (1 + 7.01%)10
$3,295.25
NYSE:CLH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,941.00 + $3,295.25
$5,236.25
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,236.25 / 55.83
$93.79
NYSE:CLH Discount to Share Price
Calculation Result
Value per share (USD) From above. $93.79
Current discount Discount to share price of $50.22
= -1 x ($50.22 - $93.79) / $93.79
46.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Clean Harbors is available for.
Intrinsic value
46%
Share price is $50.22 vs Future cash flow value of $93.79
Current Discount Checks
For Clean Harbors to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Clean Harbors's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Clean Harbors's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Clean Harbors's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clean Harbors's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CLH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.75
NYSE:CLH Share Price ** NYSE (2020-04-07) in USD $50.22
United States of America Commercial Services Industry PE Ratio Median Figure of 52 Publicly-Listed Commercial Services Companies 19.88x
United States of America Market PE Ratio Median Figure of 2,946 Publicly-Listed Companies 12.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Clean Harbors.

NYSE:CLH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CLH Share Price ÷ EPS (both in USD)

= 50.22 ÷ 1.75

28.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clean Harbors is overvalued based on earnings compared to the US Commercial Services industry average.
  • Clean Harbors is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Clean Harbors's expected growth come at a high price?
Raw Data
NYSE:CLH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
15.6%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 35 Publicly-Listed Commercial Services Companies 1.19x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

NYSE:CLH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.69x ÷ 15.6%

1.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clean Harbors is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Clean Harbors's assets?
Raw Data
NYSE:CLH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $22.76
NYSE:CLH Share Price * NYSE (2020-04-07) in USD $50.22
United States of America Commercial Services Industry PB Ratio Median Figure of 86 Publicly-Listed Commercial Services Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,158 Publicly-Listed Companies 1.22x
NYSE:CLH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CLH Share Price ÷ Book Value per Share (both in USD)

= 50.22 ÷ 22.76

2.21x

* Primary Listing of Clean Harbors.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clean Harbors is overvalued based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Clean Harbors's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Clean Harbors has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CLH Future Performance

 How is Clean Harbors expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clean Harbors expected to grow at an attractive rate?
  • Clean Harbors's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Clean Harbors's earnings growth is expected to exceed the United States of America market average.
  • Clean Harbors's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CLH Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CLH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 15.6%
NYSE:CLH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3.2%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 13%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CLH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CLH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 4,085 1
2023-12-31 3,916 1
2022-12-31 3,687 153 4
2021-12-31 3,555 454 139 10
2020-12-31 3,397 432 116 10
2020-04-07
NYSE:CLH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 3,412 413 98
2019-09-30 3,399 411 90
2019-06-30 3,351 382 85
2019-03-31 3,331 351 79
2018-12-31 3,300 373 66
2018-09-30 3,190 311 133
2018-06-30 3,102 298 114
2018-03-31 3,006 280 110
2017-12-31 2,945 286 101
2017-09-30 2,890 302 4
2017-06-30 2,863 257 -18
2017-03-31 2,808 277 -40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Clean Harbors's earnings are expected to grow by 15.6% yearly, however this is not considered high growth (20% yearly).
  • Clean Harbors's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CLH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Clean Harbors Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CLH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.76 2.76 2.76 1.00
2021-12-31 2.47 2.56 2.31 6.00
2020-12-31 2.07 2.26 1.77 6.00
2020-04-07
NYSE:CLH Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.75
2019-09-30 1.61
2019-06-30 1.52
2019-03-31 1.42
2018-12-31 1.17
2018-09-30 2.37
2018-06-30 2.02
2018-03-31 1.93
2017-12-31 1.77
2017-09-30 0.07
2017-06-30 -0.32
2017-03-31 -0.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Clean Harbors is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Clean Harbors's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Clean Harbors has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CLH Past Performance

  How has Clean Harbors performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Clean Harbors's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Clean Harbors has delivered over 20% year on year earnings growth in the past 5 years.
  • Clean Harbors's 1-year earnings growth exceeds its 5-year average (48.9% vs 45.4%)
  • Clean Harbors's earnings growth has exceeded the US Commercial Services industry average in the past year (48.9% vs 2.5%).
Earnings and Revenue History
Clean Harbors's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Clean Harbors Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CLH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,412.19 97.74 489.55
2019-09-30 3,399.39 90.02 506.58
2019-06-30 3,350.90 84.74 505.50
2019-03-31 3,331.36 79.24 507.57
2018-12-31 3,300.30 65.64 502.35
2018-09-30 3,189.50 133.40 476.28
2018-06-30 3,102.17 114.37 468.32
2018-03-31 3,005.82 109.50 454.62
2017-12-31 2,944.98 100.74 456.65
2017-09-30 2,889.69 3.83 435.58
2017-06-30 2,863.36 -18.48 433.28
2017-03-31 2,808.08 -40.40 428.05
2016-12-31 2,755.23 -39.87 420.32
2016-09-30 2,776.16 -26.59 415.02
2016-06-30 2,940.00 23.89 397.58
2016-03-31 3,178.72 30.32 410.93
2015-12-31 3,275.14 44.10 414.16
2015-09-30 3,407.12 70.91 425.17
2015-06-30 3,365.22 -62.65 431.36
2015-03-31 3,287.47 -44.38 426.67
2014-12-31 3,401.64 -28.33 437.92
2014-09-30 3,436.04 -28.90 436.63
2014-06-30 3,492.11 99.79 451.39
2014-03-31 3,494.16 94.02 458.27
2013-12-31 3,509.66 95.57 470.48
2013-09-30 3,189.19 130.64 434.47
2013-06-30 2,815.46 107.64 380.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Clean Harbors has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Clean Harbors used its assets less efficiently than the US Commercial Services industry average last year based on Return on Assets.
  • Clean Harbors has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Clean Harbors's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Clean Harbors has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CLH Health

 How is Clean Harbors's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Clean Harbors's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clean Harbors is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Clean Harbors's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Clean Harbors's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Clean Harbors Company Filings, last reported 3 months ago.

NYSE:CLH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,269.81 1,561.65 414.41
2019-09-30 1,235.80 1,562.79 329.11
2019-06-30 1,209.47 1,570.52 259.65
2019-03-31 1,171.97 1,571.54 224.85
2018-12-31 1,169.76 1,572.56 279.36
2018-09-30 1,197.32 1,623.69 252.88
2018-06-30 1,161.05 1,628.73 233.93
2018-03-31 1,145.53 1,629.26 224.14
2017-12-31 1,188.20 1,629.54 357.58
2017-09-30 1,128.35 1,629.97 361.66
2017-06-30 1,100.94 1,734.30 446.37
2017-03-31 1,063.63 1,633.97 297.37
2016-12-31 1,084.24 1,633.27 307.00
2016-09-30 1,100.95 1,632.58 257.86
2016-06-30 1,116.34 1,631.88 352.92
2016-03-31 1,116.57 1,631.60 355.35
2015-12-31 1,096.28 1,382.54 184.71
2015-09-30 1,122.72 1,395.00 179.19
2015-06-30 1,173.44 1,395.00 173.62
2015-03-31 1,162.85 1,395.00 233.74
2014-12-31 1,262.87 1,380.15 246.88
2014-09-30 1,320.55 1,395.00 258.02
2014-06-30 1,498.72 1,395.00 278.64
2014-03-31 1,445.64 1,400.00 249.22
2013-12-31 1,475.64 1,400.00 322.51
2013-09-30 1,476.12 1,400.00 260.42
2013-06-30 1,414.72 1,400.00 273.82
  • Clean Harbors's level of debt (123%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (108.7% vs 123% today).
  • Debt is well covered by operating cash flow (26.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Clean Harbors's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Clean Harbors has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CLH Dividends

 What is Clean Harbors's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Clean Harbors dividends. Estimated to be 0% next year.
If you bought $2,000 of Clean Harbors shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Clean Harbors's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Clean Harbors's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CLH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CLH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 2.00
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2020-04-07

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Clean Harbors has not reported any payouts.
  • Unable to verify if Clean Harbors's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Clean Harbors's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Clean Harbors has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Clean Harbors's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Clean Harbors's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Clean Harbors afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Clean Harbors has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CLH Management

 What is the CEO of Clean Harbors's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Alan McKim
COMPENSATION $4,946,873
AGE 64
TENURE AS CEO 40.3 years
CEO Bio

Mr. Alan S. McKim founded Clean Harbors, Inc. in 1980 and has been its Chairman and Chief Executive Officer since 1980 and President since September 2016. Mr. Mckim serves as the Chairman, Chief Executive Officer and President at Clean Harbors Environmental Services Inc. He is the Chairman of Clean Harbors Inc, Chief Executive Officer of Clean Harbors Inc and President of Clean Harbors Inc at Clean Harbors Industrial Services Canada, Inc. Mr. Mckim served as the President of Clean Harbors Inc. since 1980. He serves as a Director of Clean Harbors Environmental Services Inc. He serves as a Member of the Board of Trustees at Northeastern University. He serves as a director of most of the Clean Harbors' subsidiaries. Mr. McKim holds an MBA from Ohio Northeastern University and holds an honorary doctorate from the Massachusetts Maritime Academy. Mr. McKim holds an MBA from Northeastern University's D'Amore - McKim School of Business.

CEO Compensation
  • Alan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Alan's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Clean Harbors management team in years:

4.3
Average Tenure
51
Average Age
  • The tenure for the Clean Harbors management team is about average.
Management Team

Alan McKim

TITLE
Founder
COMPENSATION
$5M
AGE
64
TENURE
40.3 yrs

Mike Battles

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
51
TENURE
4.3 yrs

Eric Gerstenberg

TITLE
Chief Operating Officer
COMPENSATION
$2M
AGE
50
TENURE
5.3 yrs

Brian Weber

TITLE
Executive Vice President of Corporate Planning & Development
COMPENSATION
$2M
AGE
51

Eric Dugas

TITLE
Senior VP of Finance & Chief Accounting Officer
AGE
40
TENURE
4.3 yrs

Sharon Gabriel

TITLE
Executive VP & Chief Information Officer
AGE
43
TENURE
1.5 yrs

Jim Buckley

TITLE
Senior Vice President of Investor Relations
TENURE
7 yrs

Michael McDonald

TITLE
General Counsel
AGE
53

Robby Speights

TITLE
Executive VP & Chief Sales Officer
AGE
49
TENURE
2.3 yrs

Jeffrey Knapp

TITLE
Executive VP & Chief Human Resources Officer
AGE
52
Board of Directors Tenure

Average tenure and age of the Clean Harbors board of directors in years:

10.1
Average Tenure
66
Average Age
  • The average tenure for the Clean Harbors board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Alan McKim

TITLE
Founder
COMPENSATION
$5M
AGE
64
TENURE
40.3 yrs

Tom Shields

TITLE
Independent Director
COMPENSATION
$205K
AGE
72
TENURE
21.3 yrs

Andrea Robertson

TITLE
Independent Director
COMPENSATION
$214K
AGE
62
TENURE
15.8 yrs

John Welch

TITLE
Independent Director
COMPENSATION
$202K
AGE
62
TENURE
5.8 yrs

Gene Banucci

TITLE
Lead Director
COMPENSATION
$215K
AGE
75
TENURE
3.8 yrs

John Preston

TITLE
Independent Director
COMPENSATION
$190K
AGE
69
TENURE
25.3 yrs

Rod Marlin

TITLE
Independent Director
COMPENSATION
$190K
AGE
71
TENURE
10.7 yrs

Edward Galante

TITLE
Independent Director
COMPENSATION
$202K
AGE
68
TENURE
9.6 yrs

Lauren States

TITLE
Independent Director
COMPENSATION
$190K
AGE
62
TENURE
4.1 yrs

Rob Willett

TITLE
Independent Director
AGE
51
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Clean Harbors individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
23. Mar 20 Buy Robert Speights Individual 23. Mar 20 23. Mar 20 641 $39.00 $24,999
23. Mar 20 Buy Robert Speights Individual 16. Mar 20 18. Mar 20 1,820 $45.97 $74,969
27. Dec 19 Sell Michael Twohig Individual 27. Dec 19 27. Dec 19 -2,500 $86.67 $-216,675
04. Dec 19 Sell Alan McKim Individual 02. Dec 19 02. Dec 19 -20,000 $82.75 $-1,655,000
06. Nov 19 Sell Brian Weber Individual 06. Nov 19 06. Nov 19 -1,175 $84.64 $-99,452
06. Nov 19 Sell Eric Dugas Individual 05. Nov 19 05. Nov 19 -1,176 $82.87 $-97,455
31. Oct 19 Sell Andrea Robertson Individual 31. Oct 19 31. Oct 19 -1,000 $83.78 $-83,780
31. Oct 19 Sell Michael Battles Individual 31. Oct 19 31. Oct 19 -5,000 $83.61 $-418,050
31. Oct 19 Sell George Curtis Individual 31. Oct 19 31. Oct 19 -10,408 $83.82 $-872,399
04. Sep 19 Sell Eric Dugas Individual 04. Sep 19 04. Sep 19 -2,034 $73.85 $-150,211
19. Aug 19 Sell Michael Battles Individual 16. Aug 19 16. Aug 19 -1,000 $76.00 $-76,000
12. Aug 19 Sell Eric Gerstenberg Individual 08. Aug 19 08. Aug 19 -20,000 $78.52 $-1,570,400
01. Aug 19 Sell Andrea Robertson Individual 01. Aug 19 01. Aug 19 -2,557 $78.98 $-201,952
26. Jun 19 Sell Rodney Marlin Individual 26. Jun 19 26. Jun 19 -4,267 $68.58 $-292,631
20. Jun 19 Sell Michael Battles Individual 20. Jun 19 20. Jun 19 -5,000 $70.09 $-350,450
06. Jun 19 Sell Alan McKim Individual 04. Jun 19 04. Jun 19 -11,318 $65.30 $-739,065
30. May 19 Sell Alan McKim Individual 28. May 19 28. May 19 -38,682 $65.32 $-2,526,708
06. May 19 Sell Michael Battles Individual 03. May 19 03. May 19 -4,000 $71.85 $-287,400
X
Management checks
We assess Clean Harbors's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Clean Harbors has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CLH News

Simply Wall St News

How Does Clean Harbors, Inc. (NYSE:CLH) Affect Your Portfolio Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Given that it has a beta of 1.59, we can surmise that the Clean Harbors share price has been fairly sensitive to market volatility (over the last 5 years).

Simply Wall St -

Have Investors Priced In Clean Harbors, Inc.'s (NYSE:CLH) Growth?

As Warren Buffett’s right-hand man Charlie Munger said, “No matter how wonderful a business is, it’s not worth an infinite price.” Clean Harbors is available at price-to-earnings ratio of 47.27x, showing us it is overvalued compared to the US market average ratio of 17.04x , and overvalued based on current earnings compared to the Commercial Services industry average of 23.4x. … But, seeing as Clean Harbors is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … This means that, when we account for Clean Harbors's growth, the stock can be viewed as overvalued , based on its fundamentals.

Simply Wall St -

This Insider Has Just Sold Shares In Clean Harbors, Inc. (NYSE:CLH)

See our latest analysis for Clean Harbors The Last 12 Months Of Insider Transactions At Clean Harbors In the last twelve months, the biggest single sale by an insider was when the Founder, Alan McKim, sold US$3.2m worth of shares at a price of US$64.26 per share. … Over the last year we saw more insider selling of Clean Harbors shares, than buying. … NYSE:CLH Recent Insider Trading, August 14th 2019 Insider Ownership of Clean Harbors For a common shareholder, it is worth checking how many shares are held by company insiders.

Simply Wall St -

Estimating The Intrinsic Value Of Clean Harbors, Inc. (NYSE:CLH)

(NYSE:CLH) by taking the expected future cash flows and discounting them to their present value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF ($, Millions) $230.2m $247.0m $261.6m $274.6m $286.3m $297.3m $307.7m $317.7m $327.6m $337.4m Growth Rate Estimate Source Analyst x4 Est @ 7.29% Est @ 5.92% Est @ 4.96% Est @ 4.29% Est @ 3.82% Est @ 3.5% Est @ 3.27% Est @ 3.11% Est @ 2.99% Present Value ($, Millions) Discounted @ 8.24% $212.7 $210.8 $206.3 $200.0 $192.7 $184.9 $176.8 $168.6 $160.6 $152.8 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= $1.9b After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$337m × (1 + 2.7%) ÷ (8.2% – 2.7%) = US$6.3b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$6.3b ÷ ( 1 + 8.2%)10 = $2.85b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $4.72b.

Simply Wall St -

Are Insiders Selling Clean Harbors, Inc. (NYSE:CLH) Stock?

So we'll take a look at whether insiders have been buying or selling shares in Clean Harbors, Inc. … NYSE:CLH Recent Insider Trading, July 25th 2019 Clean Harbors Insiders Are Selling The Stock The last quarter saw substantial insider selling of Clean Harbors shares. … Insider Ownership of Clean Harbors I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Is Clean Harbors, Inc.'s (NYSE:CLH) High P/E Ratio A Problem For Investors?

Check out our latest analysis for Clean Harbors How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Clean Harbors: P/E of 49.31 = $69.78 ÷ $1.42 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … NYSE:CLH Price Estimation Relative to Market, July 15th 2019 Its relatively high P/E ratio indicates that Clean Harbors shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

Here's Why Clean Harbors (NYSE:CLH) Can Manage Its Debt Responsibly

Since Clean Harbors does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … While Clean Harbors's debt to EBITDA ratio (2.75) suggests that it uses debt fairly modestly, its interest cover is very weak, at 2.37. … Over the most recent three years, Clean Harbors recorded free cash flow worth 76% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Is Clean Harbors, Inc. (NYSE:CLH) Overpaying Its CEO?

Alan McKim became the CEO of Clean Harbors, Inc. … Check out our latest analysis for Clean Harbors How Does Alan McKim's Compensation Compare With Similar Sized Companies? … Alan McKim is paid around what is normal the leaders of comparable size companies.

Simply Wall St -

What Is Clean Harbors, Inc.'s (NYSE:CLH) Share Price Doing?

According to my valuation model, Clean Harbors seems to be fairly priced at around 7.6% below my intrinsic value, which means if you buy Clean Harbors today, you’d be paying a fair price for it. … Given that Clean Harbors’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. … CLH’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Is Clean Harbors, Inc. (NYSE:CLH) Investing Your Capital Efficiently?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Clean Harbors: 0.058 = US$191m ÷ (US$3.9b - US$598m) (Based on the trailing twelve months to March 2019.) Therefore, Clean Harbors has an ROCE of 5.8%. … Clean Harbors's Current Liabilities And Their Impact On Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … The Bottom Line On Clean Harbors's ROCE If Clean Harbors continues to earn an uninspiring ROCE, there may be better places to invest.

Simply Wall St -

CLH Company Info

Description

Clean Harbors, Inc. provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, which comprise collection, identification and categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste. It also provides industrial maintenance and specialty industrial services, and utilizes specialty equipment and resources that performs field services. The Safety-Kleen segment offers specially designed parts washers; automotive and industrial cleaning products, such as degreasers, glass and floor cleaners, hand cleaners, absorbents, antifreeze, windshield washer fluids, mats, and spill kits; pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; and vacuum services to remove solids, residual oily water and sludge, and other fluids from customers oil/water separators, sumps, and collection tanks, as well as remove and collect waste fluids found at metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants; and provides containerized waste, vac services, used motor oil collection, and contract blending and packaging services. Clean Harbors, Inc. was founded in 1980 and is headquartered in Norwell, Massachusetts.

Details
Name: Clean Harbors, Inc.
CLH
Exchange: NYSE
Founded: 1980
$2,803,770,597
55,829,761
Website: http://www.cleanharbors.com
Address: Clean Harbors, Inc.
42 Longwater Drive,
Norwell,
Massachusetts, 02061-9149,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CLH Common Stock New York Stock Exchange US USD 24. Nov 1987
DB CH6 Common Stock Deutsche Boerse AG DE EUR 24. Nov 1987
BRSE CH6 Common Stock Berne Stock Exchange CH CHF 24. Nov 1987
Number of employees
Current staff
Staff numbers
14,400
Clean Harbors employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 23:48
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.