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STOCK COMPARISON

Wave Cyber Shanghai Co vs Waste Management: Fair Value & Quality

Both stocks run through our valuation models. Here is how Wave Cyber Shanghai Co (688718) and Waste Management (WM) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Waste Management as the more attractively valued of the two: Wave Cyber Shanghai Co trades at ¥15.13 versus a fair value of ¥4.65 (-69%), while Waste Management trades at $208 versus $229 (+10%).
Wave Cyber Shanghai Co
688718.SHG · CNY · Industrials
-69%
upside to fair value
overvalued
Price¥15.13
Fair Value¥4.65
Quality75/100
Waste Management
WM · USD · Industrials
+10%
upside to fair value
undervalued
Price$208
Fair Value$229
Quality56/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Wave Cyber Shanghai CoWaste Management
Valuation
52.2×P/E (TTM)30.1×
n/aP/E ex one-offs (FY2025)29.3×
6.12×P/S (TTM)3.69×
3.24×P/B9.38× · book value is mostly goodwill
26.6×EV/EBITDA15.1×
n/aPEG2.38×
−69.3%Fair value upside+10.0%
0.8%Dividend yield1.6%
n/aDividend per share$3.42
Profitability
13%Operating margin18%
0.72×EBIT margin trend (5Y)1.12×
7%Return on equity30%
4%Return on assets7%
Growth
4%Revenue growth (YoY)4%
10.9%Avg. growth/yr (3Y)8.6%
6.0%Avg. growth/yr (5Y)10.6%
−4.7%Value creation/yr+13.8%
Balance & size
6,368.3×Interest coverage (EBIT/interest)5.1×
0.00×Debt / equity2.22×
$385MMarket cap$94B
mixedGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.

Waste Management leads: 3 to 11 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Wave Cyber Shanghai Coof which business quality 72 · market factors 42 Waste Managementof which business quality 54 · market factors 51
ProfitabilityMargins and returns on capital today
48
50
Quality GrowthAre margins and returns improving?
71
56
CashflowEarnings quality: real cash, not paper profit
62
64
Fin. StrengthBalance sheet, leverage, solvency risk
83
34
InvestmentDisciplined investing over empire-building
92
35
Low VolatilityCalm price path (market factor)
49
94
MomentumPrice trend over the last 3–12 months (market factor)
39
36
52W MomentumDistance to the 52-week high (market factor)
40
29
Net IssuanceShare count: buybacks or dilution?
95
85

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyWave Cyber Shanghai CoPrice ¥15.13Waste ManagementPrice $208
DCF Models-65%below the price¥5.25-37%below the price$131
Earnings-Based-85%below the price¥2.22-61%below the price$80.38
Dividend Discount-90%below the price¥1.51n/a
Multiples-68%below the price¥4.89-39%below the price$127
Asset-Based-80%below the price¥3.07-92%below the price$16.67
Growth DCF-72%below the price¥4.18-42%below the price$122
Economic Profit-80%below the price¥3.03-66%below the price$71.06
Growth Earnings-67%below the price¥4.97-38%below the price$128
Minimum-90%below the price¥1.51-92%below the price$16.67
Maximum-65%below the price¥5.25-37%below the price$131
Median-76%below the price¥3.63-42%below the price$122
Geometric mean-78%below the price¥3.37-61%below the price$81.88

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Wave Cyber Shanghai Co: 26 of 26 models see the stock below the current price.

Waste Management: 22 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Wave Cyber Shanghai Co
Price ¥15.13
Fair Value ¥4.65
Bear ¥3.12Bull ¥6.46
Waste Management
Price $208
Fair Value $229
Bear $123Bull $413

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Wave Cyber Shanghai Co · Industrials

Quality score75 · Top 25%
Fair value upside-69% · bottom 25%

Waste Management · Industrials

Quality score56 · above median
Fair value upside+10% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Waste Management as the more attractively valued of the two: Wave Cyber Shanghai Co trades at ¥15.13 versus a fair value of ¥4.65 (-69%), while Waste Management trades at $208 versus $229 (+10%).

Wave Cyber Shanghai Co has the higher quality score (75/100).

Open Waste Management live analysis →
Wave Cyber Shanghai Co · Waste Management

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.