GFL Environmental Stock Price Decreases Despite Newbridge Financial Services Group Investment in 2023
March 30, 2023
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GFL ($NYSE:GFL) Environmental Inc. (NYSE:GFL) has seen its stock price decrease despite a major investment from Newbridge Financial Services Group Inc. in 2023. The company specializes in waste and recyclables collection, management and disposal, underground storage tank services and soil remediation. This investment was intended to help GFL expand its operations across North America, particularly in the United States. Despite this investment, GFL’s stock price has decreased over the past several months.
Many analysts believe that the decreased stock price is due to the uncertainty surrounding the economic situation of the United States and Canada. Despite this, GFL is still well-positioned to benefit from their investments in new technologies and operational improvements, which should help them remain competitive in the long run.
Price History
The stock opened at $32.7 and closed at $32.5, representing a decrease of 0.2% from the previous closing price of $32.5. It is unclear what implications this may have for the company’s future, although investors are keeping a close eye on GFL ENVIRONMENTAL Inc.’s stock prices in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gfl Environmental. More…
| Total Revenues | Net Income | Net Margin |
| 6.76k | -311.8 | -3.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gfl Environmental. More…
| Operations | Investing | Financing |
| 1.1k | -1.73k | 569 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gfl Environmental. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.77k | 13.72k | 17.58 |
Key Ratios Snapshot
Some of the financial key ratios for Gfl Environmental are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 26.4% | – | 1.0% |
| FCF Margin | ROE | ROA |
| 4.7% | 0.7% | 0.2% |
Analysis
At GoodWhale, we take financial analysis seriously. That’s why we are examining the financials of GFL ENVIRONMENTAL to analyze its risk. After analyzing their financials, we’ve concluded that GFL ENVIRONMENTAL is a high risk investment in terms of financial and business aspects. While GFL ENVIRONMENTAL may appear to be an attractive investment on paper, it is important to dig deeper into their financials to detect any possible risk warnings. Our analysis has revealed 3 risk warnings in their income sheet, balance sheet, and cashflow statement. To find out what these risk warnings are, register on goodwhale.com and explore our detailed analysis. More…
Peers
The company offers a full range of services, including waste collection, transfer, disposal, and recycling. GFL also provides environmental consulting and remediation services. The company’s competitors include Wangneng Environment Co Ltd, JPX Global Inc, and Cleanaway Waste Management Ltd.
– Wangneng Environment Co Ltd ($SZSE:002034)
Wangneng Environment Co Ltd is a Chinese company that provides environmental protection services. It has a market cap of 8.49B as of 2022 and a return on equity of 10.9%. The company offers environmental protection services such as solid waste treatment, sewage treatment, and air pollution control.
– JPX Global Inc ($OTCPK:JPEX)
JPX Global Inc is a publicly traded company with a market cap of $42.81 million as of 2022. The company has a return on equity of 9.79%. JPX Global Inc is a provider of transportation and logistics services. The company offers a variety of services including airfreight, oceanfreight, trucking, warehousing, and customs brokerage.
– Cleanaway Waste Management Ltd ($ASX:CWY)
Cleanaway Waste Management Ltd is an Australian-based company that provides waste management services across a range of industries. The company’s services include waste collection, disposal, and recycling. Cleanaway has a market cap of 5.85B as of 2022 and a Return on Equity of 3.57%. The company’s strong market position and growing customer base has helped it to generate consistent profits and shareholder returns.
Summary
Investors have been keeping an eye on the stock price of GFL Environmental Inc. since the announcement of a major investment from Newbridge Financial Services Group Inc. in 2023. Despite this injection of capital, GFL’s stock price has consistently dropped since then. This can be attributed to concerns over the company’s ability to manage the influx of new capital and meet the projected growth expectations. Investors are also wary of the potential for rising interest rates to affect the performance of GFL’s bonds and other investments.
Further analysis is needed to determine how to best utilize the new capital and how to best mitigate any risks associated with increased borrowing costs. In the meantime, investors should monitor the stock price of GFL to gauge its performance in light of this major investment.
