<p>Waste Connections (WCN) 已悄然成为一个长期复合增长者，因此尽管该股在过去一个月上涨了约 4%，但在过去一年仍下跌了大约 8%，投资者正在重新评估这一局面。</p>
<p>请查看我们对 Waste Connections 的最新分析。</p>
<p>最新的一个月股价回报为 4.2%，仅稍微抵消了 1 年总股东回报为负 8.4% 的疲软表现。这表明动能刚刚开始稳定，而不是在当前价格 173.11 美元时完全转向上升。</p>
<p>如果您正在将 Waste Connections 与其他投资想法进行比较，现在可能是探索高内部持股的快速增长股票作为新鲜、快速增长候选者的好时机。</p>
<p>尽管收入和盈利稳步增长，Waste Connections 的股票仍以低于分析师目标和内在价值估计的折扣交易，这是否意味着 Waste Connections 在这里被低估，还是市场已经在定价其未来增长？</p>
<h2>最受欢迎的叙述：低估 15.5%</h2>
<p>Waste Connections 最近收盘价为 173.11 美元，而叙述的公允价值为 204.96 美元，如果预测准确，估值案例倾向于有显著的上行空间。</p>
<blockquote>
<p><em>分析师对 Waste Connections 的共识目标价为 210.947 美元，基于他们对未来盈利增长、利润率和其他风险因素的预期。然而，分析师之间存在一定程度的分歧，最乐观的报告目标价为 227.0 美元，而最悲观的报告目标价仅为 150.0 美元。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>想看看那条上行路径中包含了什么样的收入增长、利润重建和盈利能力，以及它预计会持续多久吗？叙述汇集了复合增长、资本配置和未来盈利倍数的详细路线图，这在一个缓慢增长的行业中通常会引起关注。想知道哪些假设必须成立才能使其合理，以及它们究竟有多紧密或宽松？打开完整故事并将这些数字与您自己的预期进行对比。</p>
<p><strong>结果：公允价值为 204.96 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，如果收购协同效应令人失望或与商品相关的回收收入保持疲软，通往更高利润和盈利的道路可能会显得不那么确定。</p>
<p>了解 Waste Connections 叙述的关键风险。</p>
<h2>估值的另一种角度</h2>
<p>从表面数字来看，Waste Connections 看起来并不便宜。它的市盈率为 71.2 倍，远高于商业服务行业的 23.1 倍和同行的 37.6 倍，也远高于市场可能逐渐趋向的公允比率 35.4 倍。</p>
<p>这种溢价使得执行失误的余地更小，并增加了即使基本面进展良好，如果情绪或增长预期从此降温，股价仍可能下跌的风险。这是一种可以持续的优质溢价，还是一种等待检验的估值拉伸？</p>
<p>查看数字对这个价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/cbe32541-b080-4bf4-a79d-9003a806ce18/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1640" height="650" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/cbe32541-b080-4bf4-a79d-9003a806ce18/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的 NYSE:WCN 市盈率</p>
<h2>自己构建 Waste Connections 的叙述</h2>
<p>如果您更愿意自己深入数字或直接挑战这些假设，您可以通过 “按您的方式” 在几分钟内构建一个新的个性化视图。</p>
<p>您对 Waste Connections 研究的一个很好的起点是我们的分析，强调 2 个关键奖励和 3 个可能影响您投资决策的重要警示信号。</p>
<h2>准备好更多投资想法了吗？</h2>
<p>在您对 Waste Connections 做出任何决定之前，利用更广泛的机会集，通过有针对性的股票筛选，发现您下一个潜在的超越者。</p>
<ul>
<li>通过关注这 15 只收益率超过 3% 的可靠支付者，捕捉收入潜力，并建立一个在您等待时更有效的投资组合。</li>
<li>通过关注这 26 只 AI 小型股，抓住结构性增长的机会，这些公司正在推动自动化、数据和智能软件的边界。</li>
<li>通过扫描这 81 只加密货币和区块链股票，提前布局，寻找正在塑造数字资产基础设施、支付和下一代区块链应用的企业。</li>
</ul>
<p><em>本文由 Simply Wall St 撰写，内容为一般性信息。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

<p>Waste Connections (WCN) 的股票已经稳定，过去一个月上涨了 4%，但全年下跌了 8%。分析师们看到潜在的上涨空间，给股票估值为 204.96 美元，目标价范围在 150 美元到 227 美元之间。尽管市盈率高达 71.2，但股票仍被认为被低估。风险包括收购协同效应和与商品相关的收入。建议投资者在投资前探索其他快速增长的股票，并考虑关键风险</p>

<p>Waste Connections (WCN) has quietly become a long term compounder, so with the stock up about 4% over the past month but still down roughly 8% over the past year, investors are reassessing the setup.</p>
<div class="lb-trans"><p>Waste Connections (WCN) 已悄然成为一个长期复合增长者，因此尽管该股在过去一个月上涨了约 4%，但在过去一年仍下跌了大约 8%，投资者正在重新评估这一局面。</p>
</div><p>See our latest analysis for Waste Connections.</p>
<div class="lb-trans"><p>请查看我们对 Waste Connections 的最新分析。</p>
</div><p>The latest 1 month share price return of 4.2% has only slightly offset a weaker 1 year total shareholder return of negative 8.4%. This suggests momentum is just starting to stabilise rather than fully turning higher at the current price of $173.11.</p>
<div class="lb-trans"><p>最新的一个月股价回报为 4.2%，仅稍微抵消了 1 年总股东回报为负 8.4% 的疲软表现。这表明动能刚刚开始稳定，而不是在当前价格 173.11 美元时完全转向上升。</p>
</div><p>If you are weighing up Waste Connections alongside other ideas, this could be a good moment to explore fast growing stocks with high insider ownership as a source of fresh, fast growing candidates.</p>
<div class="lb-trans"><p>如果您正在将 Waste Connections 与其他投资想法进行比较，现在可能是探索高内部持股的快速增长股票作为新鲜、快速增长候选者的好时机。</p>
</div><p>With shares trading at a discount to both analyst targets and intrinsic value estimates despite solid growth in revenue and earnings, is Waste Connections quietly undervalued here, or is the market already pricing in its future growth?</p>
<div class="lb-trans"><p>尽管收入和盈利稳步增长，Waste Connections 的股票仍以低于分析师目标和内在价值估计的折扣交易，这是否意味着 Waste Connections 在这里被低估，还是市场已经在定价其未来增长？</p>
</div><h2>Most Popular Narrative: 15.5% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：低估 15.5%</h2>
</div><p>With Waste Connections last closing at $173.11 against a narrative fair value of $204.96, the valuation case leans toward meaningful upside if the projections land.</p>
<div class="lb-trans"><p>Waste Connections 最近收盘价为 173.11 美元，而叙述的公允价值为 204.96 美元，如果预测准确，估值案例倾向于有显著的上行空间。</p>
</div><blockquote>
<p><em>The analysts have a consensus price target of $210.947 for Waste Connections based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $227.0, and the most bearish reporting a price target of just $150.0.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>分析师对 Waste Connections 的共识目标价为 210.947 美元，基于他们对未来盈利增长、利润率和其他风险因素的预期。然而，分析师之间存在一定程度的分歧，最乐观的报告目标价为 227.0 美元，而最悲观的报告目标价仅为 150.0 美元。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Want to see what kind of revenue climb, margin rebuild, and earnings power are baked into that upside path, and how long it is meant to last? The narrative pulls together a detailed roadmap of compounding, capital allocation, and a future earnings multiple that would usually raise eyebrows in a slow growing industry. Curious which assumptions have to hold for that to make sense, and how tight or generous they really are? Open the full story and test those numbers against your own expectations.</p>
<div class="lb-trans"><p>想看看那条上行路径中包含了什么样的收入增长、利润重建和盈利能力，以及它预计会持续多久吗？叙述汇集了复合增长、资本配置和未来盈利倍数的详细路线图，这在一个缓慢增长的行业中通常会引起关注。想知道哪些假设必须成立才能使其合理，以及它们究竟有多紧密或宽松？打开完整故事并将这些数字与您自己的预期进行对比。</p>
</div><p><strong>Result: Fair Value of $204.96 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 204.96 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, if acquisition synergies disappoint or commodity linked recycling revenues stay weak, the path to higher margins and earnings could appear much less certain.</p>
<div class="lb-trans"><p>然而，如果收购协同效应令人失望或与商品相关的回收收入保持疲软，通往更高利润和盈利的道路可能会显得不那么确定。</p>
</div><p>Find out about the key risks to this Waste Connections narrative.</p>
<div class="lb-trans"><p>了解 Waste Connections 叙述的关键风险。</p>
</div><h2>Another Angle on Valuation</h2>
<div class="lb-trans"><h2>估值的另一种角度</h2>
</div><p>On headline numbers, Waste Connections does not look cheap. It trades on a price to earnings ratio of 71.2 times, far richer than both the Commercial Services industry at 23.1 times and peers at 37.6 times, and well above a fair ratio of 35.4 times that the market could drift toward over time.</p>
<div class="lb-trans"><p>从表面数字来看，Waste Connections 看起来并不便宜。它的市盈率为 71.2 倍，远高于商业服务行业的 23.1 倍和同行的 37.6 倍，也远高于市场可能逐渐趋向的公允比率 35.4 倍。</p>
</div><p>That kind of premium leaves less room for execution hiccups and raises the risk that even solid fundamental progress might still coincide with a lower share price if sentiment or growth expectations cool from here. Is this a quality premium that can be sustained, or a valuation stretch waiting to be tested?</p>
<div class="lb-trans"><p>这种溢价使得执行失误的余地更小，并增加了即使基本面进展良好，如果情绪或增长预期从此降温，股价仍可能下跌的风险。这是一种可以持续的优质溢价，还是一种等待检验的估值拉伸？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这个价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/cbe32541-b080-4bf4-a79d-9003a806ce18/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/cbe32541-b080-4bf4-a79d-9003a806ce18/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:WCN PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的 NYSE:WCN 市盈率</p>
</div><h2>Build Your Own Waste Connections Narrative</h2>
<div class="lb-trans"><h2>自己构建 Waste Connections 的叙述</h2>
</div><p>If you would rather dig into the numbers yourself or challenge these assumptions directly, you can build a fresh, personalised view in just a few minutes by using Do it your way.</p>
<div class="lb-trans"><p>如果您更愿意自己深入数字或直接挑战这些假设，您可以通过 “按您的方式” 在几分钟内构建一个新的个性化视图。</p>
</div><p>A great starting point for your Waste Connections research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.</p>
<div class="lb-trans"><p>您对 Waste Connections 研究的一个很好的起点是我们的分析，强调 2 个关键奖励和 3 个可能影响您投资决策的重要警示信号。</p>
</div><h2>Ready for more investment ideas?</h2>
<div class="lb-trans"><h2>准备好更多投资想法了吗？</h2>
</div><p>Before you lock in any decision on Waste Connections, tap into a wider opportunity set with targeted stock screens that can surface your next potential outperformer.</p>
<div class="lb-trans"><p>在您对 Waste Connections 做出任何决定之前，利用更广泛的机会集，通过有针对性的股票筛选，发现您下一个潜在的超越者。</p>
</div><ul>
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</ul>
<div class="lb-trans"><ul>
<li>通过关注这 15 只收益率超过 3% 的可靠支付者，捕捉收入潜力，并建立一个在您等待时更有效的投资组合。</li>
<li>通过关注这 26 只 AI 小型股，抓住结构性增长的机会，这些公司正在推动自动化、数据和智能软件的边界。</li>
<li>通过扫描这 81 只加密货币和区块链股票，提前布局，寻找正在塑造数字资产基础设施、支付和下一代区块链应用的企业。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>本文由 Simply Wall St 撰写，内容为一般性信息。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们旨在为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

评估 Waste Connections (WCN) 在近期股价稳定后的估值