Clean Harbors, Inc. (CLH)
Quantitative Summary
DeterministicCLH trades at 38.9x earnings, roughly in line with its sector average of 44.7x. Financial health metrics are strong: Piotroski 7/9, Altman Z 3.7 (above 3.0 safe zone threshold).
Generated deterministically from quant metrics and financial statements. Not a recommendation.
Algorithmic Teardown
AI-GeneratedClean Harbors presents a capital allocation profile where current returns lag the cost of equity, evidenced by an ROIC-WACC spread of -1.1%, suggesting that recent growth initiatives have not yet generated sufficient risk-adjusted value to cover financing costs. Despite this compression in return efficiency, earnings quality appears robust with a Piotroski F-Score of 7/9 and a Beneish M-Score of -2.78, indicating strong fundamental health and low probability of financial manipulation. The DuPont components reveal that profitability is driven by healthy gross margins at 31.3% supported by net margins of 6.5%, though revenue expansion has remained modest with only 2.4% year-over-year growth, limiting the leverage on equity turnover in this period.
Valuation metrics suggest a premium pricing relative to sector peers despite trading below the Industrials average multiple of 44.9x; the current P/E of 38.9x implies significant market confidence in future margin expansion or acceleration in organic sales velocity not yet reflected in trailing earnings. A discounted cash flow analysis anchors fair value at $188, which serves as a critical benchmark against current trading levels to determine whether the price incorporates excessive optimism regarding the reversion of ROIC toward the WACC hurdle rate. The divergence between the high multiple and sub-par revenue growth highlights that market expectations are priced for a material improvement in operational leverage or capital efficiency in upcoming cycles.
Risk assessment indicates an Altman Z-Score of 3.7, placing the company in the safe zone relative to bankruptcy risk while maintaining a solid balance sheet structure. The combination of high valuation multiples and negative spread economics creates a scenario where downside protection relies heavily on margin durability rather than multiple expansion, as any further deceleration in revenue could compress earnings per share significantly given the limited headroom for margin deterioration at current profitability levels.
Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.
DCF Sandbox
InteractiveSensitivity Matrix
| TG ↓ / WACC → | 7.6% | 9.6% | 11.6% |
|---|---|---|---|
| 2% | $240 | $164 | $120 |
| 3% | $291 | $188 | $134 |
| 4% | $370 | $222 | $151 |
Center = base case. Green = >10% upside, Red = >10% downside vs —.
Pre-computed DCF: WACC=9.6%, terminal growth 3%. Fair value $188 (+0.0%). Not investment advice.
Valuation Context
Price Chart with Moving Averages
Quant Health Deep Dive
Profitability & Value Creation
Balance Sheet Health
Earnings Surprise History
EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Fundamentals
Passive Flow Attribution
ETF Draft EffectWhen investors buy or sell ETFs like VBK or MDYV, the fund manager is mechanically forced to buy or sell CLH shares regardless of Clean Harbors, Inc.'s individual fundamentals. We estimate $874M of passive capital is structurally linked to CLH through 8 tracked ETFs. Passive flows have a limited but growing influence on CLH's daily trading dynamics.
Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.
ETF Contagion Visualizer
Simulate a price drop in Clean Harbors, Inc. to visualize passive redemption contagion across ETFs and collateral stocks.
If Clean Harbors, Inc. (CLH) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies FLEX LTD (FLEX) as the most exposed collateral stock, sharing 2 ETFs with CLH. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.
Contagion model based on shared ETF exposure and constituent weights across 13 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.
CLH Ownership Dynamics
ETFs with Highest CLH Exposure
Float lock-up computed from 13 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).
CLH Capital Efficiency
How efficiently does Clean Harbors, Inc. convert operating profits into free cash? The FCF Conversion ratio measures the gap between accounting earnings and real cash generation.
Clean Harbors, Inc. converts 38% of its EBITDA into free cash flow, a moderate conversion rate — significant EBITDA is consumed by capital expenditures, working capital changes, or interest payments. The 62% reinvestment rate signals aggressive capacity expansion. However, the ROIC-WACC spread is negative (-1.1%), suggesting reinvested capital is destroying shareholder value.
Capital efficiency = Free Cash Flow ÷ EBITDA. Reinvestment = (EBITDA − FCF) ÷ EBITDA. Metrics from latest annual filings. Not investment advice.
Fails-to-Deliver (FTD) History
SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.
| Date | Failed Shares | Close Price | Notional Value |
|---|---|---|---|
| 2026-05-01 | 3 | $312.68 | $938.04 |
| 2026-04-06 | 47 | $297.00 | $13,959 |
| 2026-04-02 | 4 | $290.04 | $1,160.16 |
| 2026-03-23 | 3 | $275.88 | $827.64 |
| 2026-03-02 | 300 | $293.20 | $87,960 |
| 2026-02-24 | 8 | $280.82 | $2,246.56 |
| 2026-02-23 | 188 | $284.69 | $53,521.72 |
| 2026-02-09 | 213 | $265.98 | $56,653.74 |
| 2026-02-03 | 1,112 | $261.38 | $290,654.56 |
| 2026-01-22 | 22 | $261.54 | $5,753.88 |
| 2026-01-20 | 91 | $264.08 | $24,031.28 |
| 2026-01-14 | 22,978 | $254.08 | $5.8M |
| 2026-01-13 | 185 | $255.59 | $47,284.15 |
| 2025-12-29 | 6 | $240.83 | $1,444.98 |
| 2025-12-17 | 503 | $240.02 | $120,730.06 |
| 2025-12-03 | 49,859 | $239.55 | $11.9M |
| 2025-12-01 | 1 | $227.56 | $227.56 |
| 2025-11-24 | 546 | $217.04 | $118,503.84 |
| 2025-11-13 | 1,187 | $207.90 | $246,777.3 |
| 2025-11-12 | 1,187 | $207.31 | $246,076.97 |
Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.
Compare CLH to Peers
Quant metrics computed deterministically from financial statements and price data. Updated: N/A.
SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.