GFL ENVIRONMENTAL INC-SUB VT (GFL.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:GFL • CA36168Q1046

58.22 CAD
-0.01 (-0.02%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

3

GFL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 24 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of GFL while its profitability can be described as average. GFL is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year GFL was profitable.
  • In the past year GFL had a positive cash flow from operations.
  • In the past 5 years GFL always reported negative net income.
  • In the past 5 years GFL always reported a positive cash flow from operatings.
GFL.CA Yearly Net Income VS EBIT VS OCF VS FCFGFL.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B -1B 1.5B

1.2 Ratios

  • GFL has a Return On Assets of 18.38%. This is amongst the best in the industry. GFL outperforms 95.83% of its industry peers.
  • GFL has a Return On Equity of 46.75%. This is amongst the best in the industry. GFL outperforms 100.00% of its industry peers.
  • With a Return On Invested Capital value of 1.79%, GFL perfoms like the industry average, outperforming 45.83% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for GFL is below the industry average of 5.81%.
  • The 3 year average ROIC (1.09%) for GFL is below the current ROIC(1.79%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 18.38%
ROE 46.75%
ROIC 1.79%
ROA(3y)-1.87%
ROA(5y)-3.18%
ROE(3y)-5.77%
ROE(5y)-9.45%
ROIC(3y)1.09%
ROIC(5y)N/A
GFL.CA Yearly ROA, ROE, ROICGFL.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

  • The Profit Margin of GFL (51.46%) is better than 100.00% of its industry peers.
  • With a decent Operating Margin value of 6.26%, GFL is doing good in the industry, outperforming 62.50% of the companies in the same industry.
  • Looking at the Gross Margin, with a value of 20.38%, GFL is doing worse than 62.50% of the companies in the same industry.
  • In the last couple of years the Gross Margin of GFL has grown nicely.
Industry RankSector Rank
OM 6.26%
PM (TTM) 51.46%
GM 20.38%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y25.55%
GM growth 5Y15.32%
GFL.CA Yearly Profit, Operating, Gross MarginsGFL.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20

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1

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GFL is destroying value.
  • The number of shares outstanding for GFL has been increased compared to 1 year ago.
  • The number of shares outstanding for GFL has been increased compared to 5 years ago.
  • Compared to 1 year ago, GFL has a worse debt to assets ratio.
GFL.CA Yearly Shares OutstandingGFL.CA Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
GFL.CA Yearly Total Debt VS Total AssetsGFL.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • Based on the Altman-Z score of 1.48, we must say that GFL is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of GFL (1.48) is comparable to the rest of the industry.
  • GFL has a debt to FCF ratio of 34.89. This is a negative value and a sign of low solvency as GFL would need 34.89 years to pay back of all of its debts.
  • GFL has a worse Debt to FCF ratio (34.89) than 62.50% of its industry peers.
  • GFL has a Debt/Equity ratio of 1.00. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of GFL (1.00) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 34.89
Altman-Z 1.48
ROIC/WACC0.25
WACC7.13%
GFL.CA Yearly LT Debt VS Equity VS FCFGFL.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B

2.3 Liquidity

  • GFL has a Current Ratio of 0.69. This is a bad value and indicates that GFL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.69, GFL is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.69 indicates that GFL may have some problems paying its short term obligations.
  • GFL has a Quick ratio of 0.69. This is comparable to the rest of the industry: GFL outperforms 41.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.69
Quick Ratio 0.69
GFL.CA Yearly Current Assets VS Current LiabilitesGFL.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • GFL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.20%.
  • GFL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.56% yearly.
  • Looking at the last year, GFL shows a very negative growth in Revenue. The Revenue has decreased by -10.87% in the last year.
  • The Revenue has been growing by 18.63% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.2%
EPS 3Y24.56%
EPS 5YN/A
EPS Q2Q%-30.3%
Revenue 1Y (TTM)-10.87%
Revenue growth 3Y12.47%
Revenue growth 5Y18.63%
Sales Q2Q%-15.91%

3.2 Future

  • Based on estimates for the next years, GFL will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.32% on average per year.
  • Based on estimates for the next years, GFL will show a small growth in Revenue. The Revenue will grow by 3.51% on average per year.
EPS Next Y-28.74%
EPS Next 2Y12.34%
EPS Next 3Y20.02%
EPS Next 5Y19.32%
Revenue Next Year-16.08%
Revenue Next 2Y-5.13%
Revenue Next 3Y-1.18%
Revenue Next 5Y3.51%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GFL.CA Yearly Revenue VS EstimatesGFL.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B 10B
GFL.CA Yearly EPS VS EstimatesGFL.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.5 1 1.5 2

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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 93.90 indicates a quite expensive valuation of GFL.
  • GFL's Price/Earnings is on the same level as the industry average.
  • GFL is valuated expensively when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • GFL is valuated quite expensively with a Price/Forward Earnings ratio of 55.51.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of GFL is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. GFL is valued rather expensively when compared to this.
Industry RankSector Rank
PE 93.9
Fwd PE 55.51
GFL.CA Price Earnings VS Forward Price EarningsGFL.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • GFL's Enterprise Value to EBITDA ratio is in line with the industry average.
  • GFL's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 92.64
EV/EBITDA 15.75
GFL.CA Per share dataGFL.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • GFL has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as GFL's earnings are expected to grow with 20.02% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y12.34%
EPS Next 3Y20.02%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.14%, GFL is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.02, GFL has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, GFL's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.14%

5.2 History

  • GFL has been paying a dividend for over 5 years, so it has already some track record.
  • GFL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
GFL.CA Yearly Dividends per shareGFL.CA Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 2026 0.02 0.04 0.06

5.3 Sustainability

  • GFL pays out 0.87% of its income as dividend. This is a sustainable payout ratio.
DP0.87%
EPS Next 2Y12.34%
EPS Next 3Y20.02%
GFL.CA Yearly Income VS Free CF VS DividendGFL.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500M -1B
GFL.CA Dividend Payout.GFL.CA Dividend Payout, showing the Payout Ratio.GFL.CA Dividend Payout.PayoutRetained Earnings

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GFL ENVIRONMENTAL INC-SUB VT

TSX:GFL (2/4/2026, 7:00:00 PM)

58.22

-0.01 (-0.02%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)11-05
Earnings (Next)02-11
Inst Owners98.65%
Inst Owner ChangeN/A
Ins Owners2.88%
Ins Owner ChangeN/A
Market Cap20.91B
Revenue(TTM)6.92B
Net Income(TTM)3.56B
Analysts75.56
Price Target74.1 (27.28%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.14%
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DP0.87%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-13
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.4%
Min EPS beat(2)-10.76%
Max EPS beat(2)13.57%
EPS beat(4)2
Avg EPS beat(4)-170.42%
Min EPS beat(4)-694.06%
Max EPS beat(4)13.57%
EPS beat(8)2
Avg EPS beat(8)-98.08%
EPS beat(12)5
Avg EPS beat(12)-42.66%
EPS beat(16)9
Avg EPS beat(16)11.75%
Revenue beat(2)0
Avg Revenue beat(2)-0.81%
Min Revenue beat(2)-0.82%
Max Revenue beat(2)-0.81%
Revenue beat(4)0
Avg Revenue beat(4)-0.93%
Min Revenue beat(4)-1.57%
Max Revenue beat(4)-0.51%
Revenue beat(8)1
Avg Revenue beat(8)-0.9%
Revenue beat(12)3
Avg Revenue beat(12)-0.02%
Revenue beat(16)7
Avg Revenue beat(16)1.24%
PT rev (1m)0%
PT rev (3m)-1.67%
EPS NQ rev (1m)1.3%
EPS NQ rev (3m)-4.71%
EPS NY rev (1m)-1.12%
EPS NY rev (3m)-7.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.17%
Valuation
Industry RankSector Rank
PE 93.9
Fwd PE 55.51
P/S 3.02
P/FCF 92.64
P/OCF 14.56
P/B 2.75
P/tB N/A
EV/EBITDA 15.75
EPS(TTM)0.62
EY1.06%
EPS(NY)1.05
Fwd EY1.8%
FCF(TTM)0.63
FCFY1.08%
OCF(TTM)4
OCFY6.87%
SpS19.26
BVpS21.19
TBVpS-2.5
PEG (NY)N/A
PEG (5Y)N/A
Graham Number17.19
Profitability
Industry RankSector Rank
ROA 18.38%
ROE 46.75%
ROCE 2.49%
ROIC 1.79%
ROICexc 1.81%
ROICexgc 3.59%
OM 6.26%
PM (TTM) 51.46%
GM 20.38%
FCFM 3.26%
ROA(3y)-1.87%
ROA(5y)-3.18%
ROE(3y)-5.77%
ROE(5y)-9.45%
ROIC(3y)1.09%
ROIC(5y)N/A
ROICexc(3y)1.1%
ROICexc(5y)N/A
ROICexgc(3y)2.86%
ROICexgc(5y)N/A
ROCE(3y)1.52%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y25.55%
GM growth 5Y15.32%
F-Score6
Asset Turnover0.36
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 34.89
Debt/EBITDA 4.21
Cap/Depr 87.58%
Cap/Sales 17.5%
Interest Coverage 0.9
Cash Conversion 79.13%
Profit Quality 6.34%
Current Ratio 0.69
Quick Ratio 0.69
Altman-Z 1.48
F-Score6
WACC7.13%
ROIC/WACC0.25
Cap/Depr(3y)66.3%
Cap/Depr(5y)56.37%
Cap/Sales(3y)13.58%
Cap/Sales(5y)12.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.2%
EPS 3Y24.56%
EPS 5YN/A
EPS Q2Q%-30.3%
EPS Next Y-28.74%
EPS Next 2Y12.34%
EPS Next 3Y20.02%
EPS Next 5Y19.32%
Revenue 1Y (TTM)-10.87%
Revenue growth 3Y12.47%
Revenue growth 5Y18.63%
Sales Q2Q%-15.91%
Revenue Next Year-16.08%
Revenue Next 2Y-5.13%
Revenue Next 3Y-1.18%
Revenue Next 5Y3.51%
EBIT growth 1Y20.59%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year258.62%
EBIT Next 3Y63.11%
EBIT Next 5Y41.28%
FCF growth 1Y386.06%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y46.23%
OCF growth 3Y19.71%
OCF growth 5Y43.74%

GFL ENVIRONMENTAL INC-SUB VT / GFL.CA FAQ

Can you provide the ChartMill fundamental rating for GFL ENVIRONMENTAL INC-SUB VT?

ChartMill assigns a fundamental rating of 3 / 10 to GFL.CA.


What is the valuation status for GFL stock?

ChartMill assigns a valuation rating of 2 / 10 to GFL ENVIRONMENTAL INC-SUB VT (GFL.CA). This can be considered as Overvalued.


How profitable is GFL ENVIRONMENTAL INC-SUB VT (GFL.CA) stock?

GFL ENVIRONMENTAL INC-SUB VT (GFL.CA) has a profitability rating of 6 / 10.


How financially healthy is GFL ENVIRONMENTAL INC-SUB VT?

The financial health rating of GFL ENVIRONMENTAL INC-SUB VT (GFL.CA) is 1 / 10.


What is the expected EPS growth for GFL ENVIRONMENTAL INC-SUB VT (GFL.CA) stock?

The Earnings per Share (EPS) of GFL ENVIRONMENTAL INC-SUB VT (GFL.CA) is expected to decline by -28.74% in the next year.