Covanta Holding Corporation (CVA): Price and Financial Metrics

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CVA Price/Volume Stats

Covanta Holding Corporation (CVA) Company Bio

Covanta Holding Corporation provides waste and energy services to municipal entities primarily worldwide. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in other waste disposal and renewable energy production businesses. The company was founded in 1960 and is based in Morristown, New Jersey.

CVA Price Forecast Based on DCF Valuation

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Covanta Holding Corp. To summarize, we found that Covanta Holding Corp ranked in the 74th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 147.17% on a DCF basis. The most interesting components of our discounted cash flow analysis for Covanta Holding Corp ended up being:

• The compound growth rate in the free cash flow of Covanta Holding Corp over the past 2.57 years is 0.66%; that's higher than 89.5% of free cash flow generating stocks in the Industrials sector.
• 41% of the company's capital comes from equity, which is greater than merely 11.78% of stocks in our cash flow based forecasting set.
• Covanta Holding Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.

For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CVA, try TOMZ, VRRM, BAH, BCO, and NEWA.