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20.48 (1y: +28%)
Market Cap 2.65 B P/E(ttm) 26.80
Enterprise Value 4.79 B P/B 2.50
CVA- NYSE (USA)
Covanta Holding Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$20.48
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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 : 4/10

vs
industry		 vs
history
Cash to Debt 0.128
CVA's Cash to Debt is ranked lower than
63% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 0.72 vs. CVA: 0.128 )
CVA' s 10-Year Cash to Debt Range
Min: 0.05   Max: No Debt
Current: 0.13
Equity to Asset 0.171
CVA's Equity to Asset is ranked lower than
70% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 0.36 vs. CVA: 0.171 )
CVA' s 10-Year Equity to Asset Range
Min: -0.02   Max: 0.22
Current: 0.17
-0.02
0.22
Interest Coverage 2.1
CVA's Interest Coverage is ranked lower than
66% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 14.10 vs. CVA: 2.1 )
CVA' s 10-Year Interest Coverage Range
Min: 2   Max: No Debt
Current: 2.1
F-Score: 6
Z-Score: 0.91
M-Score: -2.31
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 : 4/10

vs
industry		 vs
history
Operating margin (%) 15.30
CVA's Operating margin (%) is ranked higher than
84% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 5.60 vs. CVA: 15.30 )
CVA' s 10-Year Operating margin (%) Range
Min: 9.8   Max: 22.4
Current: 15.3
9.8
22.4
Net-margin (%) 6.9
CVA's Net-margin (%) is ranked higher than
73% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 2.25 vs. CVA: 6.9 )
CVA' s 10-Year Net-margin (%) Range
Min: -162.7   Max: 13.3
Current: 6.9
-162.7
13.3
ROE (%) 10.9
CVA's ROE (%) is ranked higher than
71% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 4.40 vs. CVA: 10.9 )
CVA' s 10-Year ROE (%) Range
Min: 5.5   Max: 20.2
Current: 10.9
5.5
20.2
ROA (%) 2.5
CVA's ROA (%) is ranked higher than
59% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 2.00 vs. CVA: 2.5 )
CVA' s 10-Year ROA (%) Range
Min: 1.3   Max: 5
Current: 2.5
1.3
5
ROC (Joel Greenblatt) (%) 9.40
CVA's ROC (Joel Greenblatt) (%) is ranked higher than
59% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 11.40 vs. CVA: 9.40 )
CVA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 5.5   Max: 11.3
Current: 9.4
5.5
11.3
Revenue Growth (%) 5.6
CVA's Revenue Growth (%) is ranked higher than
79% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 1.15 vs. CVA: 5.6 )
CVA' s 10-Year Revenue Growth (%) Range
Min: -24.2   Max: 58.1
Current: 5.6
-24.2
58.1
EBITDA Growth (%) 7.2
CVA's EBITDA Growth (%) is ranked higher than
81% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: -1.60 vs. CVA: 7.2 )
CVA' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 7.2
Current: 7.2
0
7.2
EPS Growth (%) 6.8
CVA's EPS Growth (%) is ranked higher than
86% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 7.15 vs. CVA: 6.8 )
CVA' s 10-Year EPS Growth (%) Range
Min: -17.2   Max: 18.3
Current: 6.8
-17.2
18.3
» CVA's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

CVA Guru Trades in Q2 2012

Mario Gabelli 243,000 sh (unchged)
Third Avenue Management 8,512,207 sh (-8.03%)
Jim Simons 671,216 sh (-29.5%)
Joel Greenblatt 58,213 sh (-33.52%)
Steven Cohen 27,557 sh (-60.17%)
Martin Whitman 8,541,918 sh (-3.12%)
» More
Q3 2012

CVA Guru Trades in Q3 2012

Jim Simons 987,469 sh (+47.12%)
Mario Gabelli 243,000 sh (unchged)
Joel Greenblatt 55,667 sh (-4.37%)
Third Avenue Management 7,884,928 sh (-7.37%)
Steven Cohen 12,067 sh (-56.21%)
Martin Whitman 7,193,557 sh (-15.79%)
» More
Q4 2012

CVA Guru Trades in Q4 2012

Jim Simons 1,184,516 sh (+19.95%)
Joel Greenblatt 62,576 sh (+12.41%)
Third Avenue Management 7,884,928 sh (unchged)
Mario Gabelli 243,000 sh (unchged)
Martin Whitman 7,193,557 sh (unchged)
Steven Cohen Sold Out
» More
Q1 2013

CVA Guru Trades in Q1 2013

Third Avenue Management 7,884,928 sh (unchged)
Mario Gabelli 243,000 sh (unchged)
Martin Whitman 7,193,557 sh (unchged)
Joel Greenblatt Sold Out
Jim Simons 658,516 sh (-44.41%)
» More
» Details

Insider Trades

Latest Guru Trades with CVA

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Sold Out 0.07%$18.42 - $20.15 $ 20.486%0
Joel Greenblatt 2012-06-30 Reduce -33.52%0.04%$15.34 - $16.97 $ 20.4828%58213
Joel Greenblatt 2012-03-31 Add 75.11%0.05%$13.49 - $16.69 $ 20.4844%87566
Joel Greenblatt 2011-12-31 New Buy0.08%$13.02 - $15.49 $ 20.4844%50007
Jean-Marie Eveillard 2011-12-31 Sold Out 0.05%$13.02 - $15.49 $ 20.4844%0
George Soros 2011-12-31 Sold Out 0.0046%$13.02 - $15.49 $ 20.4844%0
John Keeley 2011-09-30 Sold Out 0.0663%$13.58 - $17.59 $ 20.4828%0
Ron Baron 2011-09-30 Sold Out 0.0434%$13.58 - $17.59 $ 20.4828%0
Jean-Marie Eveillard 2011-09-30 Reduce -45.21%0.04%$13.58 - $17.59 $ 20.4828%706577
George Soros 2011-09-30 New Buy$13.58 - $17.59 $ 20.4828%17800
John Keeley 2011-06-30 Reduce -74.24%0.19%$16.07 - $17.59 $ 20.4823%246400
Ron Baron 2011-06-30 Reduce -76.3%0.14%$16.07 - $17.59 $ 20.4823%474037
John Griffin 2011-06-30 Sold Out $16.07 - $17.59 $ 20.4823%0
George Soros 2011-06-30 Sold Out $16.07 - $17.59 $ 20.4823%0
John Griffin 2011-03-31 Reduce -64.79%1.62%$16.54 - $17.54 $ 20.4821%3050000
Jean-Marie Eveillard 2011-03-31 New Buy0.1%$16.54 - $17.54 $ 20.4821%1210550
Mario Gabelli 2011-03-31 Reduce -39.15%0.02%$16.54 - $17.54 $ 20.4821%244000
Michael Price 2010-12-31 Sold Out 0.32%$15.47 - $17.59 $ 20.4827%0
George Soros 2010-12-31 Reduce -45.91%0.2%$15.47 - $17.59 $ 20.4827%1066900
Ron Baron 2010-12-31 Reduce -20.2%0.05%$15.47 - $17.59 $ 20.4827%2000000
Ron Baron 2010-09-30 Reduce -34.99%0.14%$14.3 - $16.79 $ 20.4835%2506310
George Soros 2010-06-30 Reduce -29.94%0.34%$14.47 - $18.62 $ 20.4824%2269900
Ron Baron 2010-06-30 Reduce -20.28%0.09%$14.47 - $18.62 $ 20.4824%3855119
George Soros 2010-03-31 Reduce -21.82%0.17%$16.49 - $19.54 $ 20.4816%3239800
Michael Price 2010-03-31 Add 66.67%0.14%$16.49 - $19.54 $ 20.4816%100000
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 26.80
CVA's P/E(ttm) is ranked lower than
53% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 15.20 vs. CVA: 26.80 )
CVA' s 10-Year P/E(ttm) Range
Min: 8.69   Max: 98.76
Current: 26.8
8.69
98.76
P/B 2.50
CVA's P/B is ranked lower than
75% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 1.27 vs. CVA: 2.50 )
CVA' s 10-Year P/B Range
Min: 1.61   Max: 4.79
Current: 2.5
1.61
4.79
P/S 1.65
CVA's P/S is ranked lower than
68% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 0.79 vs. CVA: 1.65 )
CVA' s 10-Year P/S Range
Min: 0.05   Max: 6.47
Current: 1.65
0.05
6.47
PFCF 18.70
CVA's PFCF is ranked higher than
66% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 14.50 vs. CVA: 18.70 )
CVA' s 10-Year PFCF Range
Min: 6.27   Max: 53.18
Current: 18.7
6.27
53.18
EV-to-EBIT 19.6
CVA's EV-to-EBIT is ranked higher than
60% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 11.90 vs. CVA: 19.6 )
CVA' s 10-Year EV-to-EBIT Range
Min: 13.4   Max: 55.4
Current: 19.6
13.4
55.4
PEG 12.4
CVA's PEG is ranked higher than
85% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 1.30 vs. CVA: 12.4 )
CVA' s 10-Year PEG Range
Min: 1.81   Max: 100.12
Current: 12.4
1.81
100.12
Shiller P/E 22.3
CVA's Shiller P/E is ranked higher than
79% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 22.70 vs. CVA: 22.3 )
CVA' s 10-Year Shiller P/E Range
Min: 15.13   Max: 154.13
Current: 22.3
15.13
154.13

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.00
CVA's Dividend Yield is ranked higher than
85% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 2.85 vs. CVA: 3.00 )
CVA' s 10-Year Dividend Yield Range
Min: 0.43   Max: 4.18
Current: 3
0.43
4.18
Dividend Payout 0.9922
CVA's Dividend Payout is ranked higher than
70% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 0.66 vs. CVA: 0.9922 )
CVA' s 10-Year Dividend Payout Range
Min: 0.2   Max: 0.87
Current: 0.99
0.2
0.87
Yield on cost (5-Year) 3.00
CVA's Yield on cost (5-Year) is ranked higher than
84% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 2.53 vs. CVA: 3.00 )
CVA' s 10-Year Yield on cost (5-Year) Range
Min: 0.43   Max: 4.18
Current: 3
0.43
4.18
Share Buyback Rate 3.9
CVA's Share Buyback Rate is ranked higher than
96% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: -1.50 vs. CVA: 3.9 )
CVA' s 10-Year Share Buyback Rate Range
Min: 3.9   Max: -49
Current: 3.9

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 14.9
CVA's Price/Net Current Asset Value is ranked higher than
85% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 6.20 vs. CVA: 14.9 )
CVA' s 10-Year Price/Net Current Asset Value Range
Min: 10.3   Max: 20
Current: 14.9
10.3
20
Price/Tangible Book 3.5
CVA's Price/Tangible Book is ranked higher than
79% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 2.40 vs. CVA: 3.5 )
CVA' s 10-Year Price/Tangible Book Range
Min: 2.5   Max: 12.2
Current: 3.5
2.5
12.2
Price/DCF (Projected) 0.8
CVA's Price/DCF (Projected) is ranked higher than
77% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 1.00 vs. CVA: 0.8 )
CVA' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 4
Current: 0.8
0.5
4
Price/Median PS Value 1.1
CVA's Price/Median PS Value is ranked higher than
70% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 0.80 vs. CVA: 1.1 )
CVA' s 10-Year Price/Median PS Value Range
Min: 0.1   Max: 1.9
Current: 1.1
0.1
1.9
Price/Graham Number 1.9
CVA's Price/Graham Number is ranked higher than
84% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 1.70 vs. CVA: 1.9 )
CVA' s 10-Year Price/Graham Number Range
Min: 1.6   Max: 4.1
Current: 1.9
1.6
4.1
Earnings Yield (Greenblatt) 5.10
CVA's Earnings Yield (Greenblatt) is ranked higher than
71% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 7.30 vs. CVA: 5.10 )
CVA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 7.4
Current: 5.1
1.8
7.4
Forward Rate of Return (Yacktman) 7.98
CVA's Forward Rate of Return (Yacktman) is ranked higher than
86% of the 73 Companies
in the Global Waste Management industry.

( Industry Median: 6.23 vs. CVA: 7.98 )
CVA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.3   Max: 24
Current: 7.98
0.3
24

Business Description

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.
Company Website
SEC Reports
Industry: Waste Management
Compare:WM, RSG, SRCL, CLH, UMICY
Traded in other countries:C3K.Germany
» More Articles for CVA

Headlines

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George Soros Sells Jun 09 2011 
Stocks That George Soros Keeps Selling: YHOO, BPZ, CVA, GBG, VOD Mar 10 2011 
Covanta Holding Corp. (CVA) President and CEO Anthony J Orlando sells 111,942 Shares Dec 16 2010 
Covanta Holding Corp. (CVA) President and CEO Anthony J Orlando sells 37,300 Shares May 05 2010 
Applying Whitman’s Rules on His New Purchases: BANK OF NY MELLON CP, CIT Group Inc., Covanta Holdi Apr 11 2010 
Martin Whitman Buys Covanta Holding Corp., Keycorp, Cenovus Energy Inc, Bank Of NY Mellon, Sells Amb Apr 08 2010 
Covanta Holding Corp. (CVA) President and CEO Anthony J Orlando sells 17,729 Shares Mar 22 2010 

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