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Heritage-Crystal Clean, Inc

HCCIDelisted

CIK 1403431 · Core Solid Waste & Recycling

N/A

Market data as of N/A

Financials: LTM / latest available company filings

Sources: FMP, HCCI filings, SEC EDGAR

$1,108

Market cap ($MM)

$1,303

Enterprise value ($MM)

$799

Revenue · LTM ($MM)

$156

EBITDA · LTM ($MM)

20%

EBITDA margin

1.8x

EV / revenue

8.5x

EV / EBITDA

NM

Net debt / EBITDA

Coverage

Coverage view

The analytical read on the name and the balance-sheet capacity behind the program.

Key points

  1. 01HCCI is a scaled public consolidator in Solid Waste, a benchmark for how the sub-sector buys, pays, and trades.
  2. 02The relevant peer set is WM, RSG, WCN, CLH, GFL, CWST.

Balance sheet & capacity

Indicative capacity read: public-market scale of $1.3B enterprise value against $799MM revenue.

N/A

Cash & equiv. ($MM)

N/A

Total debt ($MM)

N/A

Net debt ($MM)

NM

Net debt / EBITDA

Valuation

Where it trades against its peer set

HCCI versus the scaled public Core Solid Waste & Recycling comparables.

Indexed share-price performance

HCCI versus available Core Solid Waste & Recycling peers and SPY.

+98%

HCCI

N/A

Peer med.

+55%

SPY

21712941Oct 18Apr 21Oct 23HCCIpeer medianSPY

Indexed to 100 from Oct 31, 2018 through Oct 26, 2023. Source: FMP month-end close history.

CompanyTickerRevenue ($MM)EBITDA ($MM)MarginMarket cap ($MM)EV ($MM)EV / revEV / EBITDANet debt / EBITDA
Heritage-Crystal Clean, IncHCCI$799$15620%$1,108$1,3031.8x8.5xNM

Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.

M&A program

A sustained, programmatic tuck-in cadence

HCCI's disclosed acquisition footprint and the deals behind it.

Disclosed acquisitions

24

Active years

9

Named deals

N/A

Avg / active year

2.7

Acq. cash outflow ($MM)

N/A

Banker read

  • 01HCCI reads as a programmatic acquirer: 24 disclosed acquisitions across 9 active years, or 2.7 per active year. The chart shows activity in 7 of the last 9 visible years.
  • 02In the last three years, the file shows 7 acquisitions versus 6 in the prior three; recent activity is running above the prior three-year period.
  • 03Spend changes the read: $181MM of disclosed spend is concentrated in lumpy years, with FY14 the largest year at $86.9MM. Recent spend is below the prior three-year period.

Annual acquisitions + disclosed spend

count spend named deal
4 deals$86.9MM091113141618192021

HCCI count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.

Program diagnostics

Recent / prior

7 / 6

Last three years is up 17% vs prior three.

Peak count year

FY19

4 disclosed acquisitions in the peak visible year.

Recent spend

$59.0MM

is down 38% vs prior three; peak FY14 at $86.9MM.

Named evidence

0 rows

0.0% selected source-cited transaction coverage.

Selected transactions

DateTargetSegmentConsideration ($MM)Strategic rationaleSource
No named transactions clear the quality bar in this snapshot.

Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 1 SEC-backed facts across 0 cited filings.

Evidence

Source archive

A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.

Annual 10-Ks

0

Named deal filings

0

Recent SEC filings

0

Evidence clips

0

Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.0 rows+
No filing source clears this category.
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.0 rows+
No filing source clears this category.
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+
No filing source clears this category.
Evidence clipsShort excerpts used on the page; expand only when you want the language.0 rows+
No filing source clears this category.

Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.

Prepared from SEC EDGAR public filingsHCCI · CIK 1403431Source-backed coverage research, not investment advice