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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.10
CVA's Cash to Debt is ranked lower than
52% of the 170 Companies
in the Global Waste Management industry.

( Industry Median: 0.47 vs. CVA: 0.10 )
CVA' s 10-Year Cash to Debt Range
Min: 0.05   Max: No Debt
Current: 0.1

Equity to Asset 0.21
CVA's Equity to Asset is ranked lower than
57% of the 165 Companies
in the Global Waste Management industry.

( Industry Median: 0.46 vs. CVA: 0.21 )
CVA' s 10-Year Equity to Asset Range
Min: 0.13   Max: 0.28
Current: 0.21

0.13
0.28
Interest Coverage 1.69
CVA's Interest Coverage is ranked lower than
57% of the 86 Companies
in the Global Waste Management industry.

( Industry Median: 5.36 vs. CVA: 1.69 )
CVA' s 10-Year Interest Coverage Range
Min: 1.39   Max: 9999.99
Current: 1.69

1.39
9999.99
F-Score: 4
Z-Score: 0.73
M-Score: -2.87
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 13.56
CVA's Operating margin (%) is ranked higher than
85% of the 168 Companies
in the Global Waste Management industry.

( Industry Median: 4.97 vs. CVA: 13.56 )
CVA' s 10-Year Operating margin (%) Range
Min: 9.79   Max: 22.44
Current: 13.56

9.79
22.44
Net-margin (%) -0.43
CVA's Net-margin (%) is ranked higher than
57% of the 168 Companies
in the Global Waste Management industry.

( Industry Median: 2.06 vs. CVA: -0.43 )
CVA' s 10-Year Net-margin (%) Range
Min: -162.66   Max: 13.27
Current: -0.43

-162.66
13.27
ROE (%) -0.77
CVA's ROE (%) is ranked higher than
57% of the 171 Companies
in the Global Waste Management industry.

( Industry Median: 4.95 vs. CVA: -0.77 )
CVA' s 10-Year ROE (%) Range
Min: -0.77   Max: 20.22
Current: -0.77

-0.77
20.22
ROA (%) -0.16
CVA's ROA (%) is ranked higher than
59% of the 174 Companies
in the Global Waste Management industry.

( Industry Median: 1.59 vs. CVA: -0.16 )
CVA' s 10-Year ROA (%) Range
Min: -0.16   Max: 4.99
Current: -0.16

-0.16
4.99
ROC (Joel Greenblatt) (%) 7.72
CVA's ROC (Joel Greenblatt) (%) is ranked higher than
68% of the 171 Companies
in the Global Waste Management industry.

( Industry Median: 10.59 vs. CVA: 7.72 )
CVA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 5.56   Max: 10.36
Current: 7.72

5.56
10.36
Revenue Growth (%) 6.60
CVA's Revenue Growth (%) is ranked higher than
78% of the 129 Companies
in the Global Waste Management industry.

( Industry Median: 5.30 vs. CVA: 6.60 )
CVA' s 10-Year Revenue Growth (%) Range
Min: -34.5   Max: 84.2
Current: 6.6

-34.5
84.2
EBITDA Growth (%) 14.20
CVA's EBITDA Growth (%) is ranked higher than
83% of the 94 Companies
in the Global Waste Management industry.

( Industry Median: 6.30 vs. CVA: 14.20 )
CVA' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 14.2
Current: 14.2

0
14.2
EPS Growth (%) 22.60
CVA's EPS Growth (%) is ranked higher than
83% of the 81 Companies
in the Global Waste Management industry.

( Industry Median: 13.90 vs. CVA: 22.60 )
CVA' s 10-Year EPS Growth (%) Range
Min: -40.2   Max: 37.3
Current: 22.6

-40.2
37.3
» CVA's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

CVA Guru Trades in Q2 2013

Chuck Royce 9,200 sh (New)
John Keeley 1,117,314 sh (New)
Steven Cohen 15,758 sh (New)
Mario Gabelli 243,000 sh (unchged)
Louis Moore Bacon 200,000 sh (unchged)
Third Avenue Management 7,884,928 sh (unchged)
Martin Whitman 7,193,557 sh (unchged)
Jim Simons 558,316 sh (-15.22%)
» More
Q3 2013

CVA Guru Trades in Q3 2013

Murray Stahl 15,605 sh (New)
Steven Cohen 25,091 sh (+59.23%)
John Keeley 1,260,314 sh (+12.8%)
Mario Gabelli 243,000 sh (unchged)
Martin Whitman 7,193,557 sh (unchged)
Chuck Royce Sold Out
Third Avenue Management 6,622,428 sh (-16.01%)
Jim Simons 177,516 sh (-68.21%)
» More
Q4 2013

CVA Guru Trades in Q4 2013

Paul Tudor Jones 37,438 sh (New)
Murray Stahl 29,828 sh (+91.14%)
Third Avenue Management 6,622,428 sh (unchged)
Mario Gabelli 243,000 sh (unchged)
Steven Cohen Sold Out
Jim Simons Sold Out
John Keeley Sold Out
Martin Whitman 5,956,007 sh (-17.2%)
» More
2014

CVA Guru Trades in 2014

Martin Whitman 5,956,007 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with CVA

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2013-12-31 Sold Out 0.01%$17.16 - $21.63 $ 17.68-4%0
Martin Whitman 2013-10-31 Reduce -17.2%1.12%$17.26 - $21.79 $ 17.68-16%5956007
John Keeley 2013-06-30 New Buy0.45%$19.2 - $20.77 $ 17.68-12%1117314
Joel Greenblatt 2013-03-31 Sold Out 0.07%$18.42 - $20.15 $ 17.68-9%0
Joel Greenblatt 2012-06-30 Reduce -33.52%0.04%$15.34 - $16.97 $ 17.6810%58213
Joel Greenblatt 2012-03-31 Add 75.11%0.05%$13.49 - $16.69 $ 17.6824%87566
Joel Greenblatt 2011-12-31 New Buy0.08%$13.02 - $15.49 $ 17.6825%50007
Jean-Marie Eveillard 2011-12-31 Sold Out 0.05%$13.02 - $15.49 $ 17.6825%0
George Soros 2011-12-31 Sold Out 0.0046%$13.02 - $15.49 $ 17.6825%0
John Keeley 2011-09-30 Sold Out 0.0663%$13.58 - $17.59 $ 17.6811%0
Ron Baron 2011-09-30 Sold Out 0.0434%$13.58 - $17.59 $ 17.6811%0
Jean-Marie Eveillard 2011-09-30 Reduce -45.21%0.04%$13.58 - $17.59 $ 17.6811%706577
George Soros 2011-09-30 New Buy$13.58 - $17.59 $ 17.6811%17800
John Keeley 2011-06-30 Reduce -74.24%0.19%$16.07 - $17.59 $ 17.686%246400
Ron Baron 2011-06-30 Reduce -76.3%0.14%$16.07 - $17.59 $ 17.686%474037
John Griffin 2011-06-30 Sold Out $16.07 - $17.59 $ 17.686%0
George Soros 2011-06-30 Sold Out $16.07 - $17.59 $ 17.686%0
John Griffin 2011-03-31 Reduce -64.79%1.62%$16.54 - $17.54 $ 17.684%3050000
Jean-Marie Eveillard 2011-03-31 New Buy0.1%$16.54 - $17.54 $ 17.684%1210550
Mario Gabelli 2011-03-31 Reduce -39.15%0.02%$16.54 - $17.54 $ 17.684%244000
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about Covanta Holding Corporation

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Martin Whitman, the chairman of the board at Third Avenue Asset Management, made a relatively early release of his fund’s third quarter portfolio this week. While Whitman no longer manages the funds at Third Avenue, he continues to write the shareholder letter each quarter. Third Avenue focuses on valuing its stocks from the bottom up, focusing on the “creditworthiness,” the ability for the “issuer to grow net asset value (NAV)” and the stock’s price in relation to its NAV. Read more...

Ratios

vs
industry
vs
history
P/B 2.50
CVA's P/B is ranked lower than
55% of the 164 Companies
in the Global Waste Management industry.

( Industry Median: 1.60 vs. CVA: 2.50 )
CVA' s 10-Year P/B Range
Min: 1.61   Max: 4.78
Current: 2.5

1.61
4.78
P/S 1.40
CVA's P/S is ranked lower than
53% of the 169 Companies
in the Global Waste Management industry.

( Industry Median: 0.86 vs. CVA: 1.40 )
CVA' s 10-Year P/S Range
Min: 0.08   Max: 6.47
Current: 1.4

0.08
6.47
PFCF 18.30
CVA's PFCF is ranked higher than
65% of the 86 Companies
in the Global Waste Management industry.

( Industry Median: 17.76 vs. CVA: 18.30 )
CVA' s 10-Year PFCF Range
Min: 6.27   Max: 20.32
Current: 18.3

6.27
20.32
EV-to-EBIT 19.60
CVA's EV-to-EBIT is ranked higher than
51% of the 133 Companies
in the Global Waste Management industry.

( Industry Median: 16.40 vs. CVA: 19.60 )
CVA' s 10-Year EV-to-EBIT Range
Min: 15.4   Max: 55.4
Current: 19.6

15.4
55.4
PEG 4.80
CVA's PEG is ranked lower than
53% of the 68 Companies
in the Global Waste Management industry.

( Industry Median: 2.00 vs. CVA: 4.80 )
CVA' s 10-Year PEG Range
Min: 4.8   Max: 67.42
Current: 4.8

4.8
67.42
Shiller P/E 22.90
CVA's Shiller P/E is ranked higher than
71% of the 69 Companies
in the Global Waste Management industry.

( Industry Median: 24.80 vs. CVA: 22.90 )
CVA' s 10-Year Shiller P/E Range
Min: 14.63   Max: 192.67
Current: 22.9

14.63
192.67

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.80
CVA's Dividend Yield is ranked higher than
89% of the 101 Companies
in the Global Waste Management industry.

( Industry Median: 2.09 vs. CVA: 3.80 )
CVA' s 10-Year Dividend Yield Range
Min: 0.43   Max: 4.18
Current: 3.8

0.43
4.18
Dividend Payout 1.89
CVA's Dividend Payout is ranked lower than
63% of the 79 Companies
in the Global Waste Management industry.

( Industry Median: 0.36 vs. CVA: 1.89 )
CVA' s 10-Year Dividend Payout Range
Min: 0.2   Max: 0.87
Current: 1.89

0.2
0.87
Yield on cost (5-Year) 3.80
CVA's Yield on cost (5-Year) is ranked higher than
89% of the 107 Companies
in the Global Waste Management industry.

( Industry Median: 2.37 vs. CVA: 3.80 )
CVA' s 10-Year Yield on cost (5-Year) Range
Min: 0.43   Max: 4.18
Current: 3.8

0.43
4.18
Share Buyback Rate 5.30
CVA's Share Buyback Rate is ranked higher than
94% of the 118 Companies
in the Global Waste Management industry.

( Industry Median: -2.30 vs. CVA: 5.30 )
CVA' s 10-Year Share Buyback Rate Range
Min: 5.3   Max: -70.2
Current: 5.3

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.60
CVA's Price/Tangible Book is ranked lower than
56% of the 133 Companies
in the Global Waste Management industry.

( Industry Median: 2.80 vs. CVA: 3.60 )
CVA' s 10-Year Price/Tangible Book Range
Min: 2.41   Max: 5.8
Current: 3.6

2.41
5.8
Price/DCF (Projected) 0.70
CVA's Price/DCF (Projected) is ranked higher than
85% of the 80 Companies
in the Global Waste Management industry.

( Industry Median: 1.10 vs. CVA: 0.70 )
CVA' s 10-Year Price/DCF (Projected) Range
Min: 0.52   Max: 2.87
Current: 0.7

0.52
2.87
Price/Median PS Value 0.80
CVA's Price/Median PS Value is ranked higher than
82% of the 164 Companies
in the Global Waste Management industry.

( Industry Median: 1.00 vs. CVA: 0.80 )
CVA' s 10-Year Price/Median PS Value Range
Min: 0.04   Max: 1.74
Current: 0.8

0.04
1.74
Price/Peter Lynch Fair Value 7.90
CVA's Price/Peter Lynch Fair Value is ranked lower than
85% of the 33 Companies
in the Global Waste Management industry.

( Industry Median: 1.70 vs. CVA: 7.90 )
CVA' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.47   Max: 7.96
Current: 7.9

1.47
7.96
Price/Graham Number 2.90
CVA's Price/Graham Number is ranked lower than
70% of the 92 Companies
in the Global Waste Management industry.

( Industry Median: 1.60 vs. CVA: 2.90 )
CVA' s 10-Year Price/Graham Number Range
Min: 1.54   Max: 3.21
Current: 2.9

1.54
3.21
Earnings Yield (Greenblatt) 5.10
CVA's Earnings Yield (Greenblatt) is ranked higher than
56% of the 143 Companies
in the Global Waste Management industry.

( Industry Median: 6.10 vs. CVA: 5.10 )
CVA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 6.5
Current: 5.1

1.8
6.5
Forward Rate of Return (Yacktman) 6.76
CVA's Forward Rate of Return (Yacktman) is ranked higher than
78% of the 112 Companies
in the Global Waste Management industry.

( Industry Median: 4.92 vs. CVA: 6.76 )
CVA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -10.8   Max: 9.5
Current: 6.76

-10.8
9.5

Business Description

Industry: Waste Management » Waste Management
Compare:WM, RSG, SRCL, CLH, UMICY » details
Traded in other countries:C3K.Germany
Covanta Holding Corporation was incorporated in Delaware on April 16, 1992. The Company is a developer, owner and operator of infrastructure for the conversion of waste to energy known as 'energy-from-waste', as well as other waste disposal and renewable energy production businesses. It conducts all of its operations through subsidiaries which are engaged predominantly in the businesses of waste and energy services. The Company has one reportable segment which is Americas and is comprised of waste and energy services operations primarily in the United States and Canada. It currently operates energy-from-waste projects in 16 states and one Canadian province, and is constructing an energy-from-waste project in a second Canadian province. The Company owns and operates seven wood-fired generation facilities and has a 55% interest in a partnership which owns another wood-fired generation facility. Six of these facilities are located in California, and two are located in Maine. The combined gross energy output from these facilities is 191 megawatts. It owns a 50% equity interest in two small run-of-river hydroelectric facilities located in the State of Washington which sell energy and capacity to Puget Sound Energy under long-term energy contracts. Outside the Americas segment, it presently has interests in international power projects in China and Italy, almost all of which are EfW projects. The Company intends to develop or participate in additional international projects, particularly energy-from-waste projects, where the regulatory and market environments are attractive. In 2010, the Company adopted a plan to sell its interests in its fossil fuel independent power production facilities in the Philippines, India, and Bangladesh. In 2011, it completed the following sales: its interests in a 510 MW (gross) coal-fired electric power generation facility in the Philippines; its majority equity interests in a 106 MW (gross) heavy fuel-oil fired electric power generation facility in Tamil Nadu, India; and its majority equity interests in its 106 MW (gross) heavy fuel-oil fired electric power generation facility, also in Tamil Nadu, India. The Company has a majority equity interest in a 24 MW (gross) coal-fired cogeneration facility in Taixing City, Jiangsu Province, People's Republic of China. The Company's business activities in the United States are pervasively regulated according to federal, state and local environmental laws.

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