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

Canada - TSX:GFL - CA36168Q1046 - Common Stock

63.89 CAD
+0.61 (+0.96%)
Last: 10/20/2025, 7:00:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to GFL. GFL was compared to 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. While showing a medium growth rate, GFL is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

In the past year GFL was profitable.
GFL had a positive operating cash flow in the past year.
GFL had negative earnings in each of the past 5 years.
Each year in the past 5 years GFL had a positive operating cash flow.
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 better Return On Assets (19.14%) than 95.83% of its industry peers.
The Return On Equity of GFL (46.28%) is better than 100.00% of its industry peers.
GFL has a Return On Invested Capital (1.89%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for GFL is significantly below the industry average of 7.08%.
The 3 year average ROIC (1.09%) for GFL is below the current ROIC(1.89%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 19.14%
ROE 46.28%
ROIC 1.89%
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 (49.00%) is better than 100.00% of its industry peers.
GFL's Operating Margin of 6.08% is fine compared to the rest of the industry. GFL outperforms 62.50% of its industry peers.
Looking at the Gross Margin, with a value of 20.03%, GFL is doing worse than 62.50% of the companies in the same industry.
GFL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 6.08%
PM (TTM) 49%
GM 20.03%
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

1

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GFL is destroying value.
GFL has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, GFL has more shares outstanding
The debt/assets ratio for GFL is higher compared to a year ago.
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

GFL has an Altman-Z score of 1.71. This is a bad value and indicates that GFL is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of GFL (1.71) is comparable to the rest of the industry.
GFL has a debt to FCF ratio of 37.92. This is a negative value and a sign of low solvency as GFL would need 37.92 years to pay back of all of its debts.
GFL has a Debt to FCF ratio of 37.92. This is comparable to the rest of the industry: GFL outperforms 45.83% of its industry peers.
A Debt/Equity ratio of 0.92 indicates that GFL is somewhat dependend on debt financing.
The Debt to Equity ratio of GFL (0.92) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 37.92
Altman-Z 1.71
ROIC/WACC0.27
WACC6.95%
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 0.67. This is a bad value and indicates that GFL is not financially healthy enough and could expect problems in meeting its short term obligations.
GFL has a worse Current ratio (0.67) than 70.83% of its industry peers.
A Quick Ratio of 0.67 indicates that GFL may have some problems paying its short term obligations.
With a Quick ratio value of 0.67, GFL is not doing good in the industry: 70.83% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.67
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

5

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 10.60% over the past year.
The Earnings Per Share has been growing by 24.56% on average over the past years. This is a very strong growth
The Revenue has decreased by -5.22% in the past year.
Measured over the past years, GFL shows a quite strong growth in Revenue. The Revenue has been growing by 18.63% on average per year.
EPS 1Y (TTM)10.6%
EPS 3Y24.56%
EPS 5YN/A
EPS Q2Q%-10.34%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y12.47%
Revenue growth 5Y18.63%
Sales Q2Q%-18.68%

3.2 Future

Based on estimates for the next years, GFL will show a very strong growth in Earnings Per Share. The EPS will grow by 20.45% on average per year.
Based on estimates for the next years, GFL will show a small growth in Revenue. The Revenue will grow by 4.81% on average per year.
EPS Next Y-23.26%
EPS Next 2Y16.03%
EPS Next 3Y21.89%
EPS Next 5Y20.45%
Revenue Next Year-16.22%
Revenue Next 2Y-5.4%
Revenue Next 3Y-0.83%
Revenue Next 5Y4.81%

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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

2

4. Valuation

4.1 Price/Earnings Ratio

GFL is valuated quite expensively with a Price/Earnings ratio of 88.74.
GFL's Price/Earnings ratio is in line with the industry average.
GFL's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.69.
GFL is valuated quite expensively with a Price/Forward Earnings ratio of 57.10.
The rest of the industry has a similar Price/Forward Earnings ratio as GFL.
GFL is valuated expensively when we compare the Price/Forward Earnings ratio to 23.18, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 88.74
Fwd PE 57.1
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 is on the same level as the industry average.
GFL's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 121.22
EV/EBITDA 15.95
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 21.89% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.03%
EPS Next 3Y21.89%

3

5. Dividend

5.1 Amount

With a yearly dividend of 0.13%, GFL is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.42, GFL has a dividend in line with its industry peers.
With a Dividend Yield of 0.13, GFL pays less dividend than the S&P500 average, which is at 2.34.
Industry RankSector Rank
Dividend Yield 0.13%

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 0.02 0.04 0.06

5.3 Sustainability

GFL pays out 0.86% of its income as dividend. This is a sustainable payout ratio.
DP0.86%
EPS Next 2Y16.03%
EPS Next 3Y21.89%
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

GFL ENVIRONMENTAL INC-SUB VT

TSX:GFL (10/20/2025, 7:00:00 PM)

63.89

+0.61 (+0.96%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)07-30 2025-07-30/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners100.72%
Inst Owner ChangeN/A
Ins Owners2.97%
Ins Owner ChangeN/A
Market Cap23.04B
Analysts76.25
Price Target74.79 (17.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.13%
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DP0.86%
Div Incr Years4
Div Non Decr Years4
Ex-Date10-15 2025-10-15 (0.0154)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-340.24%
Min EPS beat(2)-694.06%
Max EPS beat(2)13.57%
EPS beat(4)2
Avg EPS beat(4)-167.91%
Min EPS beat(4)-694.06%
Max EPS beat(4)13.57%
EPS beat(8)3
Avg EPS beat(8)-94.31%
EPS beat(12)6
Avg EPS beat(12)-39.7%
EPS beat(16)10
Avg EPS beat(16)20.31%
Revenue beat(2)0
Avg Revenue beat(2)-1.19%
Min Revenue beat(2)-1.57%
Max Revenue beat(2)-0.82%
Revenue beat(4)0
Avg Revenue beat(4)-1.44%
Min Revenue beat(4)-2.86%
Max Revenue beat(4)-0.51%
Revenue beat(8)1
Avg Revenue beat(8)-0.81%
Revenue beat(12)4
Avg Revenue beat(12)0.6%
Revenue beat(16)7
Avg Revenue beat(16)1.15%
PT rev (1m)-2.76%
PT rev (3m)0.37%
EPS NQ rev (1m)1.31%
EPS NQ rev (3m)-9.53%
EPS NY rev (1m)-1.56%
EPS NY rev (3m)-38.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.44%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-2.15%
Valuation
Industry RankSector Rank
PE 88.74
Fwd PE 57.1
P/S 3.18
P/FCF 121.22
P/OCF 16.55
P/B 3.01
P/tB N/A
EV/EBITDA 15.95
EPS(TTM)0.72
EY1.13%
EPS(NY)1.12
Fwd EY1.75%
FCF(TTM)0.53
FCFY0.82%
OCF(TTM)3.86
OCFY6.04%
SpS20.06
BVpS21.24
TBVpS-1.56
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 19.14%
ROE 46.28%
ROCE 2.63%
ROIC 1.89%
ROICexc 1.91%
ROICexgc 3.79%
OM 6.08%
PM (TTM) 49%
GM 20.03%
FCFM 2.63%
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF 37.92
Debt/EBITDA 3.73
Cap/Depr 82.98%
Cap/Sales 16.61%
Interest Coverage 0.82
Cash Conversion 73.72%
Profit Quality 5.36%
Current Ratio 0.67
Quick Ratio 0.67
Altman-Z 1.71
F-Score6
WACC6.95%
ROIC/WACC0.27
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)10.6%
EPS 3Y24.56%
EPS 5YN/A
EPS Q2Q%-10.34%
EPS Next Y-23.26%
EPS Next 2Y16.03%
EPS Next 3Y21.89%
EPS Next 5Y20.45%
Revenue 1Y (TTM)-5.22%
Revenue growth 3Y12.47%
Revenue growth 5Y18.63%
Sales Q2Q%-18.68%
Revenue Next Year-16.22%
Revenue Next 2Y-5.4%
Revenue Next 3Y-0.83%
Revenue Next 5Y4.81%
EBIT growth 1Y40.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year257.18%
EBIT Next 3Y63.05%
EBIT Next 5Y42.41%
FCF growth 1Y34.92%
FCF growth 3Y11.47%
FCF growth 5YN/A
OCF growth 1Y21.86%
OCF growth 3Y19.71%
OCF growth 5Y43.74%