Valuation Trading Multiples & Precedent Transactions: Waste Management and Recycling Companies
Valuation benchmarks for Waste Management and Recycling Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Waste Management and Recycling Companies Market Context & Valuation Drivers
Public companies in this trading comparables group provide integrated waste management and recycling solutions spanning collection, transfer, landfill disposal, hazardous waste treatment, materials recovery, and metal recycling, with select vendors supplying sensor-based sorting and reverse vending technologies. They are grouped as valuation benchmarks because they monetize service contracts, tipping fees, and recovered commodities, operate route-density networks, and address regulatory compliance and sustainability mandates across commercial, municipal, and industrial end markets.
Typical capabilities include residential, commercial, and industrial solid waste collection; transfer station and landfill operations; recycling via materials recovery facilities; hazardous and medical waste processing; industrial services such as soil remediation and site decontamination; metal recycling and precious metals recovery; liquid waste handling; and technology-enabled sorting through optical sensors and reverse vending systems. Revenue models blend fee-for-service contracts, subscription pickups, disposal tipping fees, commodity sales, and equipment and systems sales.
Primary customers include municipalities outsourcing solid waste services, commercial enterprises requiring integrated recycling and disposal, and industrial and healthcare facilities managing hazardous streams. Key valuation drivers include organic revenue growth from route expansion and pricing, adjusted EBITDA margins supported by scale and landfill ownership, free cash flow conversion from disciplined capex, and contract retention rates. Exposure to recycled commodity prices and volumes per ton also influences earnings stability and multiples.
2. Valuation Analysis: Public Trading Comps & Multiples for Waste Management and Recycling Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Waste Management and Recycling Companies sector
Comparable group 1: Waste Management and Recycling Companies
Umicore
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of materials technology and recycling solutions with extensive expertise in material science, chemistry, and metallurgy. Offers clean technologies such as recycling, emission control catalysts, battery materials, and photovoltaics.
- Key Products:
- Fuel Cell Catalysts: Materials for fuel cell applications
- Battery Materials: Cathode and anode materials for rechargeable batteries
- Precious Metals Chemistry: Catalysts for automotive applications, fine chemicals and precious metals management
- Thin Film Products: Coating materials for physical vapor deposition in semiconductors and optics
- Precious Metals Recycling: Comprehensive refining and recycling services for precious metals
Derichebourg
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of environmental and recycling services, specializing in waste processing, metal recycling, and recovery of secondary raw materials, serving businesses and local authorities across multiple countries. The company also offers facility management, urban solutions, and staffing services.
- Key Products:
- Waste Processing: Environmentally responsible waste management and disposal services
- Metal Recycling: Recovery and recycling of metal waste materials
- Facility Management: Comprehensive management solutions for buildings and facilities
- Urban Solutions: Services aimed at improving urban cleanliness and infrastructure
- Staffing Services: Provision of temporary and permanent staffing solutions across various sectors.