What is Clean Harbors Inc worth?
With the base-case assumptions below, a discounted cash flow model on Clean Harbors Inc's reported free cash flow gives $215.08 per share. The share price was $313.04 on September 25, 2026, 46% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 9.0% | 10.0% | $114.60 | -63% |
| Base | 14.0% | 9.0% | $215.08 | -31% |
| Bull | 19.0% | 8.0% | $402.24 | +28% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $290.76 | $314.31 | $343.09 | $379.07 | $425.33 |
| 8.0% | $233.94 | $249.21 | $267.26 | $288.92 | $315.39 |
| 9.0% | $192.59 | $203.03 | $215.08 | $229.13 | $245.74 |
| 10.0% | $161.21 | $168.64 | $177.05 | $186.67 | $197.77 |
| 11.0% | $136.65 | $142.09 | $148.18 | $155.02 | $162.78 |
Where the presets come from
Base: years 1 to 5 grow at Clean Harbors Inc's revenue growth rate over the last 5 fiscal years (13.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions