Garbage is something that's here to stay in good times and in recessions. RSG owns the trucks and the landfills and in most towns there's basically just that one/two haulers you can call. You can't really create a rival garbage company in a week, with the routes and landfill permits already locked up. Which means RSG can simply raise their prices bit by bit and their revenue have been increasing from $10B in 2018 to $16.6B in 2025. Free cash flow from $1.2B in 2018 to $2.4B in 2025.
With $66B market cap and. $2.4B free cash flow, forward PE of ~26x. This is my most recent play, wondering if anyone has also been keeping tabs on RSG?
Saw this on X https://x.com/its_jared_zhao/status/2102485641753956411?s=46, else haven't been seeing much buzz around this…
Republic Services (RSG) got to be the most boring near-monopoly on the market that nobody thinks to buy
byu/Consistent-Radio-428 ininvesting
Posted by Consistent-Radio-428
2 Comments
RSG is a solid company. Recession proof. Waste haulers like RSG and WM are regulated like utilities but with less overhead than electric and gas utilities. RSG has been the best performer from a stock appreciation perspective and it trades at a slight premium according to it’s PE.
PE ratio of 30 for a company that’s not a growth stock.