Clean Harbors DCF Stock Analysis

Here’s my assumptions:

Risk Free Rate (10 Years Interest Rate Swap): 3,78%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 2.5%

Historical Data

Revenue growth in the last 10 years (CAGR): 6.05%

Earnings growth in the last 10 years (CAGR): 24.74%

Unlevered Free Cash Flow growth in the last 10 years (CAGR): 2.01%

Future Assumptions

End of Year FCF growth: 5%

Growth until end of 2026: 10%

Growth until end of 2034: 5%

Perpetual growth: 3%

Net Debt: 2.533B

Restricted Stock Units + Performance Stock Units Present Value Assumption: $0.135B

Stock Valuation based on these assumptions: $243

Last update 09/16/2025

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in Clean Harbors (CLH) and I don’t plan to add a position in the coming days.