GFL Environmental Inc. Subordinate voting shares no par value (GFL)
FairStock Score: 25/100 — RISKY
Key Financials
| Current Price | $45.56 |
| Market Cap | $14.6B |
| P/E Ratio | -111.12 |
| ROE | -2.25% |
| Dividend Yield | 0.16% |
| Sector | Industrials |
AI Analysis
AI-generated, general educational analysis — not personal investment advice.
As a Buffett-and-Graham-style investor, I want durable economics, conservative balance sheets, and a margin of safety. GFL operates in waste management, an essential service, but the figures I have do not yet show a wonderful business at a fair price. In fiscal Q2 2026, revenue was $1.9B, yet net income was -$159.8M, a negative 8.20% margin. Revenue growth in the supplied data is positive, but profitability has deteriorated sharply. Returns are weak: the calculated ROE is -2.25% and ROCE is 1.26%. Debt-to-equity is 1.34, and the calculated Altman Z-Score of 0.69 sits in distress territory. The calculated EV/EBITDA of 14.98 is not cheap for a leveraged, loss-making operator. Trailing free cash flow is $209.9M against a $14.6B market cap, giving a calculated FCF yield of 1.4%, barely above the 0.16% dividend yield. The computed FairStock Score is 25/100, and the Lynch category is none because only 0 years of filed results are available versus the 3 needed. At the 2026-10-13 close of $42.75, the market pays about 2.93 times book for negative earnings. Beta of 0.49 suggests low volatility, but that is not the same as value. I would need to see consistent profits, lower leverage, and stronger cash generation before calling this a Graham-style bargain.
In plain English: GFL Environmental collects and handles trash, recycling and waste for homes and businesses in Canada and the United States. The company is growing its sales, but it is currently losing money, has a lot of debt, and earns very little on its capital, so the business looks financially weak. At $42.75 a share, the price looks expensive relative to its earnings and cash flow, so it does not appear cheap based on the numbers given.
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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash
Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer