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STOCK COMPARISON

Li-Cycle Holdings vs Waste Management: Fair Value & Quality

Both stocks run through our valuation models. Here is how Li-Cycle Holdings (LICYQ) and Waste Management (WM) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Waste Management as the more attractively valued of the two: Li-Cycle Holdings trades at $0.09 versus a fair value of $0.07 (-26%), while Waste Management trades at $208 versus $228 (+10%).
Li-Cycle Holdings
LICYQ · USD · Industrials
-26%
upside to fair value
overvalued
Price$0.09
Fair Value$0.07
Quality21/100
Waste Management
WM · USD · Industrials
+10%
upside to fair value
undervalued
Price$208
Fair Value$228
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

Li-Cycle HoldingsWaste Management
Valuation
n/aP/E (TTM)30.1×
0.15×P/S (TTM)3.69×
n/aP/B9.38× · book value is mostly goodwill
n/aEV/EBITDA15.1×
n/aPEG2.38×
−26.2%Fair value upside+10.0%
n/aDividend yield1.6%
n/aDividend per share$3.42
Profitability
n/aOperating margin18%
n/aEBIT margin trend (5Y)1.12×
-43%Return on equity30%
-9%Return on assets7%
Growth
9%Revenue growth (YoY)4%
56.5%Avg. growth/yr (3Y)8.6%
n/aAvg. growth/yr (5Y)10.6%
n/aValue creation/yr+13.8%
Balance & size
n/aInterest coverage (EBIT/interest)5.1×
1.38×Debt / equity2.22×
$4MMarket cap$94B
mixedGrowth qualityhealthy

Even match: 3 to 3 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.

Li-Cycle Holdingsof which business quality 21 · market factors 80 Waste Managementof which business quality 54 · market factors 52
ProfitabilityMargins and returns on capital today
0
50
Quality GrowthAre margins and returns improving?
76
56
CashflowEarnings quality: real cash, not paper profit
6
64
Fin. StrengthBalance sheet, leverage, solvency risk
19
34
InvestmentDisciplined investing over empire-building
52
35
Low VolatilityCalm price path (market factor)
50
94
MomentumPrice trend over the last 3–12 months (market factor)
100
36
Net IssuanceShare count: buybacks or dilution?
0
85
52W MomentumDistance to the 52-week high (market factor)
30

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 familyLi-Cycle HoldingsPrice $0.09Waste ManagementPrice $208
DCF Modelsn/a-37%below the price$131
Earnings-Basedn/a-61%below the price$80.38
Multiplesn/a-39%below the price$127
Asset-Based-13%close to the price$0.08-92%below the price$16.67
Growth DCFn/a-41%below the price$122
Economic Profitn/a-66%below the price$71.06
Growth Earningsn/a-38%below the price$128
Minimum-13%close to the price$0.08-92%below the price$16.67
Maximum-13%close to the price$0.08-37%below the price$131
Median-13%close to the price$0.08-41%below the price$122
Geometric mean-13%close to the price$0.08-61%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%.

Li-Cycle Holdings: 1 of 1 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.

Li-Cycle Holdings
Price $0.09
Fair Value $0.07
Bear $0.05Bull $0.10
Waste Management
Price $208
Fair Value $228
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.

Li-Cycle Holdings · Industrials

Quality score21 · bottom 25%
Fair value upside-26% · below median

Waste Management · Industrials

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

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Waste Management as the more attractively valued of the two: Li-Cycle Holdings trades at $0.09 versus a fair value of $0.07 (-26%), while Waste Management trades at $208 versus $228 (+10%).

Waste Management has the higher quality score (56/100).

Open Waste Management live analysis →

More comparisons

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