Reading CLH? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track CLH free→Reading CLH? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track CLH free→NYSEIndustrialsWaste ManagementSnapshot 2026-06-12
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality is robust, cash backs up reported profits. Management's recent track record has been fairly steady, and the company has a capital-friendly stance. Risk is moderate, and the sector backdrop is a headwind, which may impact performance compared with sector peers, where it is typical. Peer multiples imply a price about 40% below where it trades (it looks expensive on this basis); the read is rich. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $287.78. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $288 the market pays 38× p/e — above the 23× p/e peer median but in line with its own 31× history. That premium reflects a durable franchise our peer-anchored $199 fair value understates; treat the 'expensive vs peers' read with low confidence. Analysts: $280–$350. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 45% near-term growth, well above our forecast of about 1%. This describes what's priced in, not a forecast of the move.
Only expensive valuation — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
Over the trailing year it converted 2.20x of net income into operating cash flow. Historically, Industrials names rated robust grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=3333).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $2.69 → $2.67 (-0.9% / 30d). 7 raised, 2 cut, 2 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 73% of analysts rate Buy.
1 PT revisions / 30d. Avg target 2.4% above current price.
1 positive, 0 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$104.
How much price usually moves either way.
On a bad day, this stock has moved -$202.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,945.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: This guidance shows that management is confident in growth and making money. It shows how well the company is handling costs and demand.
Confirms:Q2 Adjusted EBITDA growth guidance confirmed at 5% to 9% year over year.
Disproves:Q2 Adjusted EBITDA growth guidance falls below 5% year over year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for CLH yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Executive Chairman of the Board of Directors and Chief Technology Officer — Alan S. McKim: Mr. McKim is retiring from his roles as part of a planned leadership transition.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$280.00 – $350.00 (median $310.00) · 11 analysts · as of 2026-05-14
Looks more expensive than peers.
Richer than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Environmental & Facilities Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
CLH Clean Harbors | Typical Show detailsSector percentile: 37 of 100 | expensive | moderate |
WM Waste Management | Above typical Show detailsSector percentile: 72 of 100 | fair | moderate |
RSG Republic Services | Above typical Show detailsSector percentile: 79 of 100 | fair | moderate |
ROL Rollins, Inc. | Typical Show detailsSector percentile: 61 of 100 | expensive | moderate |
VLTO Veralto | Above typical Show detailsSector percentile: 100 of 100 | fair | moderate |
2 material management or governance events in the past 24 months, led by M&A activity. Historically, Industrials names rated neutral grew net income 59% of the time over the next year (vs 60% for the rest of the cohort, n=1113).
Not investment advice. As of 2026-06-12.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-12.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on raising Adjusted EBITDA and free cash flow through operational efficiencies and strategic initiatives.
Continue to grow the Environmental Services segment through increased demand and operational efficiencies.
Improve the profitability and market position of Safety-Kleen Sustainability Solutions through strategic initiatives.
Finalize the acquisition of Terra Nova Solutions to expand service offerings and market reach.
Continue to drive operating income growth through operational efficiencies.
Why it matters: An increase in free cash flow guidance shows improved cash generation. It supports ongoing investments and financial health.
Confirms:Adjusted Free Cash Flow guidance is raised by $10 million from earlier estimates.
Disproves:Adjusted Free Cash Flow guidance remains unchanged or is lowered.
Why it matters: Revenue growth is a key indicator of demand and operational success. It shows how well the company is expanding.
Confirms:Q2 revenue growth reported above 5% year over year.
Disproves:Q2 revenue growth reported below 5% year over year.
Why it matters: This acquisition could enhance Clean Harbors' service offerings and market position. It is a key part of their growth strategy.
Confirms:An official announcement will say the Terra Nova Solutions deal is done.
Disproves:There are delays or problems in the acquisition process.
Why it matters: Increasing cash flow supports future growth and operational needs. It shows financial health.
Confirms:Cash from operating activities exceeds $7M in Q2.
Disproves:Cash from operating activities falls below $6M in Q2.
Why it matters: The acquisition could boost revenue. Monitoring this will show if the strategy is effective.
Confirms:Q2 revenue shows an increase of at least 10% compared to Q1.
Disproves:Q2 revenue growth is less than 5% compared to Q1.
Results of Operations and Financial Condition On May 6, 2026, Clean Harbors, Inc. (the “Company”) issued a press release announcing the Company’s results of operations for the first quarter ended March 31, 2026. A copy of that press release is furnished with this report as Exhibit 99.1.
Other Events. On May 14, 2026, Clean Harbors, Inc. issued a press release announcing the completion of its acquisition of Terra Nova Solutions. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.