NEW YORK, NY / ACCESSWIRE / January 7, 2016 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage on National Waste Management Holding, Inc. (NWMH) with a price target of $1.96 per share.
The report is available here: NWMH Initiation Report. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack's. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
Based in Florida, NWMH is a solid waste management company that specializes in construction and demolition (C&D) landfill services, recycling, transfer station services, and provides roll-off containers at affordable rates. NWMH's business model currently focuses on acquiring accretive, solid-waste-related businesses that underpin the Company's current waste removal and management including landfill service, transfer station, roll-off dumpster service, recycling and mulch products. The geographical footprint for their model is national with a current focus on the southeast United States including, but not limited to, Florida, Georgia, and Texas. NWMH has a competitive advantage over a majority of its competitors because many of its competitors are considered customers, as most of them do not own a landfill and use NWMH for their landfill service needs.
"NWMH is committed to the environment and inspects all loads and removes materials that are not in compliance with the C&D Department of Environmental Protection standards. Its goal is servicing its customers' needs while maintaining a limited use of its landfill capacity. NWMH concentrates on decreasing excessive waste debris by recycling many C&D materials. Dedicated to offering innovative, reliable C&D services, NWMH is focused on customer satisfaction and environmental quality," stated Ajay Tandon, CEO of SeeThruEquity. "We are initiating coverage with a 12-month price target of $1.96 per share."
Additional highlights from the report are as follows:
Positive market trend in the future
NWMH's roll-off and landfill services have seen tremendous increases with the rally in the construction and building market, as construction debris and recyclables continue to proliferate. The US solid waste treatment and disposal services industry generated revenue of $18.8bn in 2014, according to IBIS World. This industry is projected to grow over the next 5 years as consumers, businesses, and industrial producers create more waste. Globally, the construction waste management market is projected to grow at a CAGR of 9.67% through the 2014-2019 timeframe.
Four income sources diversified investment risk
NWMH's business model strategically focuses on four distinct businesses related to solid waste removal and management: 1) landfill service; 2) roll-off dumpster service; 3)recycling and 4) mulch products. NWMH continues to expand its solid waste management plan as it signed a purchase agreement to acquire a key landfill site. The acquisition conforms to NWMH environmental policy and the Company continues to identify further growth opportunities within key areas to further expand its solid waste management plan.
Florida's 2020 recycling initiative
NWMH is now transforming its services, as well as its fundamental business model to include a portable picking station as it moves forward in doing its part to help the state of Florida meet its waste-diversion mandate for 75% recycling by 2020. NWMH will implement a portable sorting line at the landfill, which will help increase its recyclables rate. The picking station will also increase NWMH'sconcrete recycling program by about 25%. Additionally, cardboard and shrink wrap plastic will be baled. Also, NWMH believes the market for shingles as a fuel and asphalt blend will be growing with momentum in the next year. NWMH is dedicated to recycling as much as it can from its landfill services.
Initiate coverage with a price target of $1.96
Our analysis indicates a fair value estimate of $1.96 per share for NWMH. If achieved, the target represents potential upside of 50.0% from the recent share price of $1.31 as of January 4, 2016. We view National Waste Management Holdings as an emerging solid waste management company operating with a clear advantage over their geographic competitors.
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About National Waste Management Holding, Inc.
Based in Florida, NWMH is a solid waste management company that specializes in construction and demolition (C&D) landfill services; recycling, transfer station services; and provides roll-off containers at affordable rates. NWMH's business model currently focuses on acquiring accretive solid waste related businesses that underpin the company's current waste removal and management including landfill service, transfer station, roll-off dumpster service, recycling and mulch products. The geographical footprint for their model is national with a current focus on the southeast United States including but not limited to Florida, Georgia, and Texas. NWMH has a competitive advantage over a majority of their competitors because many of their competitors are considered customers, as most of them do not own a landfill and use NWMH for their landfill service needs.
For more information, please visit the Company's website at www.nationalwastemgmt.com
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit www.seethruequity.com.