Intrinsic value of Republic Services - RSG

Previous Close

$74.89

  Intrinsic Value

$49.19

stock screener

  Rating & Target

sell

-34%

Previous close

$74.89

 
Intrinsic value

$49.19

 
Up/down potential

-34%

 
Rating

sell

We calculate the intrinsic value of RSG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 24.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  10,242
  10,478
  10,747
  11,050
  11,384
  11,752
  12,152
  12,586
  13,052
  13,553
  14,089
  14,661
  15,270
  15,917
  16,603
  17,331
  18,101
  18,916
  19,776
  20,685
  21,644
  22,655
  23,721
  24,844
  26,026
  27,272
  28,582
  29,962
  31,413
  32,939
Variable operating expenses, $m
  8,140
  8,301
  8,485
  8,691
  8,920
  9,171
  9,445
  9,740
  10,059
  10,401
  9,622
  10,012
  10,428
  10,870
  11,339
  11,835
  12,361
  12,918
  13,505
  14,126
  14,781
  15,471
  16,199
  16,966
  17,774
  18,624
  19,519
  20,461
  21,452
  22,494
Fixed operating expenses, $m
  387
  396
  405
  413
  423
  432
  441
  451
  461
  471
  482
  492
  503
  514
  525
  537
  549
  561
  573
  586
  599
  612
  625
  639
  653
  667
  682
  697
  712
  728
Total operating expenses, $m
  8,527
  8,697
  8,890
  9,104
  9,343
  9,603
  9,886
  10,191
  10,520
  10,872
  10,104
  10,504
  10,931
  11,384
  11,864
  12,372
  12,910
  13,479
  14,078
  14,712
  15,380
  16,083
  16,824
  17,605
  18,427
  19,291
  20,201
  21,158
  22,164
  23,222
Operating income, $m
  1,715
  1,781
  1,858
  1,945
  2,042
  2,149
  2,266
  2,394
  2,532
  2,681
  3,986
  4,157
  4,339
  4,533
  4,739
  4,959
  5,191
  5,437
  5,698
  5,973
  6,264
  6,572
  6,896
  7,239
  7,600
  7,980
  8,381
  8,804
  9,248
  9,717
EBITDA, $m
  3,659
  3,743
  3,841
  3,952
  4,075
  4,211
  4,359
  4,521
  4,695
  4,883
  5,084
  5,300
  5,529
  5,774
  6,034
  6,310
  6,602
  6,912
  7,239
  7,586
  7,952
  8,338
  8,746
  9,175
  9,629
  10,106
  10,609
  11,139
  11,697
  12,284
Interest expense (income), $m
  330
  442
  457
  473
  492
  514
  538
  564
  592
  623
  656
  691
  729
  770
  813
  859
  908
  959
  1,014
  1,072
  1,133
  1,197
  1,265
  1,337
  1,413
  1,492
  1,576
  1,665
  1,758
  1,855
  1,958
Earnings before tax, $m
  1,273
  1,324
  1,384
  1,452
  1,528
  1,611
  1,703
  1,802
  1,909
  2,025
  3,295
  3,427
  3,569
  3,720
  3,880
  4,051
  4,232
  4,423
  4,626
  4,840
  5,067
  5,307
  5,559
  5,826
  6,107
  6,404
  6,717
  7,046
  7,393
  7,758
Tax expense, $m
  344
  358
  374
  392
  413
  435
  460
  487
  516
  547
  890
  925
  964
  1,004
  1,048
  1,094
  1,143
  1,194
  1,249
  1,307
  1,368
  1,433
  1,501
  1,573
  1,649
  1,729
  1,813
  1,902
  1,996
  2,095
Net income, $m
  929
  967
  1,011
  1,060
  1,115
  1,176
  1,243
  1,315
  1,394
  1,478
  2,405
  2,502
  2,605
  2,716
  2,833
  2,957
  3,089
  3,229
  3,377
  3,534
  3,699
  3,874
  4,058
  4,253
  4,458
  4,675
  4,903
  5,144
  5,397
  5,664

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  21,563
  22,059
  22,626
  23,262
  23,967
  24,741
  25,584
  26,496
  27,478
  28,533
  29,661
  30,865
  32,147
  33,509
  34,954
  36,486
  38,108
  39,822
  41,634
  43,547
  45,566
  47,694
  49,938
  52,302
  54,792
  57,414
  60,173
  63,077
  66,132
  69,345
Adjusted assets (=assets-cash), $m
  21,563
  22,059
  22,626
  23,262
  23,967
  24,741
  25,584
  26,496
  27,478
  28,533
  29,661
  30,865
  32,147
  33,509
  34,954
  36,486
  38,108
  39,822
  41,634
  43,547
  45,566
  47,694
  49,938
  52,302
  54,792
  57,414
  60,173
  63,077
  66,132
  69,345
Revenue / Adjusted assets
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
  0.475
Average production assets, $m
  13,653
  13,967
  14,326
  14,729
  15,176
  15,665
  16,199
  16,777
  17,399
  18,066
  18,781
  19,543
  20,355
  21,217
  22,132
  23,102
  24,129
  25,215
  26,362
  27,573
  28,851
  30,199
  31,620
  33,117
  34,693
  36,353
  38,100
  39,939
  41,873
  43,908
Working capital, $m
  -584
  -597
  -613
  -630
  -649
  -670
  -693
  -717
  -744
  -773
  -803
  -836
  -870
  -907
  -946
  -988
  -1,032
  -1,078
  -1,127
  -1,179
  -1,234
  -1,291
  -1,352
  -1,416
  -1,484
  -1,554
  -1,629
  -1,708
  -1,791
  -1,878
Total debt, $m
  8,454
  8,764
  9,118
  9,515
  9,955
  10,438
  10,963
  11,533
  12,146
  12,804
  13,508
  14,259
  15,059
  15,909
  16,811
  17,767
  18,778
  19,848
  20,979
  22,173
  23,432
  24,761
  26,161
  27,636
  29,190
  30,826
  32,547
  34,359
  36,266
  38,271
Total liabilities, $m
  13,455
  13,765
  14,118
  14,516
  14,956
  15,438
  15,964
  16,533
  17,147
  17,805
  18,509
  19,260
  20,060
  20,910
  21,812
  22,767
  23,779
  24,849
  25,980
  27,173
  28,433
  29,761
  31,162
  32,637
  34,190
  35,826
  37,548
  39,360
  41,266
  43,271
Total equity, $m
  8,108
  8,294
  8,507
  8,747
  9,012
  9,303
  9,619
  9,962
  10,332
  10,728
  11,153
  11,605
  12,087
  12,599
  13,143
  13,719
  14,329
  14,973
  15,654
  16,374
  17,133
  17,933
  18,777
  19,666
  20,602
  21,588
  22,625
  23,717
  24,866
  26,074
Total liabilities and equity, $m
  21,563
  22,059
  22,625
  23,263
  23,968
  24,741
  25,583
  26,495
  27,479
  28,533
  29,662
  30,865
  32,147
  33,509
  34,955
  36,486
  38,108
  39,822
  41,634
  43,547
  45,566
  47,694
  49,939
  52,303
  54,792
  57,414
  60,173
  63,077
  66,132
  69,345
Debt-to-equity ratio
  1.040
  1.060
  1.070
  1.090
  1.100
  1.120
  1.140
  1.160
  1.180
  1.190
  1.210
  1.230
  1.250
  1.260
  1.280
  1.300
  1.310
  1.330
  1.340
  1.350
  1.370
  1.380
  1.390
  1.410
  1.420
  1.430
  1.440
  1.450
  1.460
  1.470
Adjusted equity ratio
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376
  0.376

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  929
  967
  1,011
  1,060
  1,115
  1,176
  1,243
  1,315
  1,394
  1,478
  2,405
  2,502
  2,605
  2,716
  2,833
  2,957
  3,089
  3,229
  3,377
  3,534
  3,699
  3,874
  4,058
  4,253
  4,458
  4,675
  4,903
  5,144
  5,397
  5,664
Depreciation, amort., depletion, $m
  1,944
  1,962
  1,983
  2,007
  2,033
  2,062
  2,093
  2,127
  2,163
  2,202
  1,098
  1,143
  1,190
  1,241
  1,294
  1,351
  1,411
  1,475
  1,542
  1,612
  1,687
  1,766
  1,849
  1,937
  2,029
  2,126
  2,228
  2,336
  2,449
  2,568
Funds from operations, $m
  2,873
  2,929
  2,994
  3,067
  3,148
  3,238
  3,336
  3,442
  3,557
  3,680
  3,503
  3,645
  3,796
  3,956
  4,127
  4,308
  4,500
  4,703
  4,919
  5,146
  5,386
  5,640
  5,907
  6,190
  6,487
  6,801
  7,131
  7,479
  7,846
  8,231
Change in working capital, $m
  -11
  -13
  -15
  -17
  -19
  -21
  -23
  -25
  -27
  -29
  -31
  -33
  -35
  -37
  -39
  -41
  -44
  -46
  -49
  -52
  -55
  -58
  -61
  -64
  -67
  -71
  -75
  -79
  -83
  -87
Cash from operations, $m
  2,885
  2,943
  3,009
  3,084
  3,168
  3,259
  3,359
  3,467
  3,584
  3,709
  3,534
  3,677
  3,830
  3,993
  4,166
  4,350
  4,544
  4,750
  4,968
  5,198
  5,441
  5,697
  5,968
  6,254
  6,555
  6,872
  7,206
  7,558
  7,928
  8,318
Maintenance CAPEX, $m
  -783
  -798
  -817
  -838
  -861
  -887
  -916
  -947
  -981
  -1,017
  -1,057
  -1,098
  -1,143
  -1,190
  -1,241
  -1,294
  -1,351
  -1,411
  -1,475
  -1,542
  -1,612
  -1,687
  -1,766
  -1,849
  -1,937
  -2,029
  -2,126
  -2,228
  -2,336
  -2,449
New CAPEX, $m
  -270
  -314
  -359
  -403
  -447
  -490
  -534
  -578
  -622
  -668
  -714
  -762
  -812
  -863
  -915
  -970
  -1,027
  -1,086
  -1,147
  -1,211
  -1,278
  -1,348
  -1,421
  -1,497
  -1,577
  -1,660
  -1,747
  -1,839
  -1,934
  -2,034
Cash from investing activities, $m
  -1,053
  -1,112
  -1,176
  -1,241
  -1,308
  -1,377
  -1,450
  -1,525
  -1,603
  -1,685
  -1,771
  -1,860
  -1,955
  -2,053
  -2,156
  -2,264
  -2,378
  -2,497
  -2,622
  -2,753
  -2,890
  -3,035
  -3,187
  -3,346
  -3,514
  -3,689
  -3,873
  -4,067
  -4,270
  -4,483
Free cash flow, $m
  1,832
  1,830
  1,834
  1,844
  1,860
  1,882
  1,909
  1,942
  1,980
  2,024
  1,763
  1,817
  1,876
  1,940
  2,010
  2,085
  2,166
  2,253
  2,346
  2,445
  2,550
  2,662
  2,781
  2,908
  3,041
  3,183
  3,333
  3,491
  3,658
  3,835
Issuance/(repayment) of debt, $m
  267
  309
  354
  397
  440
  483
  526
  569
  613
  658
  704
  751
  800
  850
  902
  956
  1,012
  1,070
  1,131
  1,194
  1,260
  1,328
  1,400
  1,475
  1,554
  1,636
  1,722
  1,812
  1,906
  2,005
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  267
  309
  354
  397
  440
  483
  526
  569
  613
  658
  704
  751
  800
  850
  902
  956
  1,012
  1,070
  1,131
  1,194
  1,260
  1,328
  1,400
  1,475
  1,554
  1,636
  1,722
  1,812
  1,906
  2,005
Total cash flow (excl. dividends), $m
  2,099
  2,140
  2,187
  2,241
  2,300
  2,364
  2,435
  2,511
  2,593
  2,682
  2,467
  2,568
  2,676
  2,790
  2,912
  3,041
  3,178
  3,323
  3,477
  3,639
  3,810
  3,991
  4,182
  4,383
  4,595
  4,819
  5,055
  5,303
  5,565
  5,840
Retained Cash Flow (-), $m
  -149
  -186
  -213
  -239
  -265
  -291
  -317
  -343
  -369
  -397
  -424
  -453
  -482
  -512
  -543
  -576
  -610
  -645
  -681
  -719
  -759
  -800
  -844
  -889
  -936
  -986
  -1,038
  -1,092
  -1,149
  -1,208
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,951
  1,953
  1,974
  2,001
  2,035
  2,074
  2,118
  2,168
  2,224
  2,285
  2,043
  2,115
  2,194
  2,278
  2,369
  2,465
  2,569
  2,678
  2,795
  2,919
  3,051
  3,190
  3,338
  3,494
  3,659
  3,833
  4,017
  4,211
  4,416
  4,632
Discount rate, %
  7.40
  7.77
  8.16
  8.57
  8.99
  9.44
  9.92
  10.41
  10.93
  11.48
  12.05
  12.66
  13.29
  13.95
  14.65
  15.38
  16.15
  16.96
  17.81
  18.70
  19.63
  20.62
  21.65
  22.73
  23.87
  25.06
  26.31
  27.63
  29.01
  30.46
PV of cash for distribution, $m
  1,816
  1,682
  1,560
  1,441
  1,323
  1,207
  1,093
  982
  874
  771
  584
  506
  433
  366
  305
  250
  201
  160
  124
  95
  71
  52
  37
  26
  17
  11
  7
  5
  3
  2
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Republic Services, Inc. is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services. The Company's segments include Group 1, Group 2 and Corporate entities. Its Group 1 and Group 2 segments provide integrated waste management services. Group 1 consists of geographic areas located in the western and portions of the mid-western United States. Group 2 consists of geographic areas located in Texas, the southeastern and portions of the mid-western United States, and the eastern seaboard of the United States. As of December 31, 2016, it operated in 39 states and Puerto Rico through 333 collection operations, 204 transfer stations, 192 active landfills, 64 recycling centers, seven treatment, recovery and disposal facilities, and 10 salt water disposal wells. As of December 31, 2016, it also operated 71 landfill gas and renewable energy projects and had post-closure responsibility for 124 closed landfills.

FINANCIAL RATIOS  of  Republic Services (RSG)

Valuation Ratios
P/E Ratio 41.5
Price to Sales 2.7
Price to Book 3.3
Price to Tangible Book
Price to Cash Flow 13.8
Price to Free Cash Flow 27.6
Growth Rates
Sales Growth Rate 3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -1.9%
Cap. Spend. - 3 Yr. Gr. Rate 1%
Financial Strength
Quick Ratio 11
Current Ratio 0
LT Debt to Equity 99.5%
Total Debt to Equity 99.6%
Interest Coverage 4
Management Effectiveness
Return On Assets 4%
Ret/ On Assets - 3 Yr. Avg. 3.8%
Return On Total Capital 4%
Ret/ On T. Cap. - 3 Yr. Avg. 4.2%
Return On Equity 7.9%
Return On Equity - 3 Yr. Avg. 8.2%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 38.6%
Gross Margin - 3 Yr. Avg. 38%
EBITDA Margin 25.2%
EBITDA Margin - 3 Yr. Avg. 24.9%
Operating Margin 14.3%
Oper. Margin - 3 Yr. Avg. 15.1%
Pre-Tax Margin 10.3%
Pre-Tax Margin - 3 Yr. Avg. 11.2%
Net Profit Margin 6.5%
Net Profit Margin - 3 Yr. Avg. 7%
Effective Tax Rate 36.5%
Eff/ Tax Rate - 3 Yr. Avg. 37.3%
Payout Ratio 68.4%

RSG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the RSG stock intrinsic value calculation we used $10041.5 million for the last fiscal year's total revenue generated by Republic Services. The default revenue input number comes from 0001 income statement of Republic Services. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our RSG stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7.4%, whose default value for RSG is calculated based on our internal credit rating of Republic Services, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Republic Services.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of RSG stock the variable cost ratio is equal to 79.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $379 million in the base year in the intrinsic value calculation for RSG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Republic Services.

Corporate tax rate of 27% is the nominal tax rate for Republic Services. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the RSG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for RSG are equal to 133.3%.

Life of production assets of 17.1 years is the average useful life of capital assets used in Republic Services operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for RSG is equal to -5.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $7958.8 million for Republic Services - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 325.358 million for Republic Services is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Republic Services at the current share price and the inputted number of shares is $24.4 billion.

RELATED COMPANIES Price Int.Val. Rating
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WCN Waste Connecti 76.88 27.84  str.sell
PESI Perma-Fix Envi 2.60 0.39  str.sell
AWX Avalon Holding 2.92 3.01  sell

COMPANY NEWS

▶ Mario Gabelli Comments on Republic Services   [Dec-03-18 03:33PM  GuruFocus.com]
▶ Is Republic Services Incs (NYSE:RSG) CEO Being Overpaid?   [Nov-28-18 02:57PM  Simply Wall St.]
▶ 5 Companies Hit 52-Week Highs   [10:56AM  GuruFocus.com]
▶ 3 Stocks That Could Help You Send Your Kids to College   [Nov-07-18 06:00AM  Motley Fool]
▶ Republic Services sees solid Q3 gains, beats analysts' expectations   [Oct-25-18 07:22PM  American City Business Journals]
▶ Republic Services: 3Q Earnings Snapshot   [05:15PM  Associated Press]
▶ Republic Services sues Mallinckrodt in wake of EPA plan for landfill   [Oct-24-18 12:27PM  American City Business Journals]
▶ EPA decides on cleanup plan for West Lake Landfills radioactive waste   [Sep-27-18 12:41PM  American City Business Journals]
▶ Mario Gabelli Comments on Republic Services Inc.   [Sep-14-18 02:58PM  GuruFocus.com]
▶ Mario Gabelli Comments on Republic Services Inc.   [Aug-30-18 04:33PM  GuruFocus.com]
▶ Confusion over recycling as cities are told a major plant won't collect   [Aug-22-18 03:41PM  American City Business Journals]
▶ Update: Republic Services to resume negotiations with Teamsters   [Aug-10-18 09:46AM  American City Business Journals]
▶ Sanitation workers authorize strike in Atlanta to protest federal labor law violations   [Aug-06-18 12:56PM  American City Business Journals]
▶ U.S. Recycling Companies Face Upheaval From China Scrap Ban   [Aug-02-18 01:48PM  The Wall Street Journal]
▶ Republic Services reports double-digit earnings growth in Q2   [Jul-27-18 04:49PM  American City Business Journals]
▶ Republic Services: 2Q Earnings Snapshot   [Jul-26-18 05:03PM  Associated Press]
▶ Republic Services settles lawsuit over Bridgeton landfill fire   [Jun-29-18 05:02PM  American City Business Journals]
▶ Republic Services: 1Q Earnings Snapshot   [May-02-18 04:18PM  Associated Press]
▶ Edited Transcript of RSG presentation 7-Mar-17 2:50pm GMT   [Apr-10-18 01:25PM  Thomson Reuters StreetEvents]
▶ Gabelli & Companys Annual Waste Conference   [Mar-21-18 12:58PM  Business Wire]
▶ Gabelli & Companys Annual Waste Conference   [07:30AM  Business Wire]
▶ Ignore Tesla: Here Are 3 Better Stocks   [Mar-04-18 07:19AM  Motley Fool]
▶ 10 Low Volatility Stocks for Wild Markets   [Feb-27-18 08:00AM  Investopedia]
▶ Republic Services tops Street 4Q forecasts   [Feb-08-18 04:31PM  Associated Press]

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