Stericycle Reveals Longer-Term Financial Goals at Investor Day, and We Still See Shares as Cheap
We had the opportunity to fine-tune our fair value estimate to $105 from $110 per share for wide-moat Stericycle after the company revealed a more comprehensive longer-term strategy during its first-ever investor day on Nov. 10. Much of the change stemmed from lowering our assumptions for organic revenue growth in Stericycle’s small-quantity customer segment from 3% to just over 1% over the course of our five-year forecast period. This also led to compression of our originally forecast adjusted ...Stericycle is engaged in the medical and hazardous waste management and secure information services. The company's segments are: North America, and International Regulated Waste and Compliance Services, which provides medical waste management services, pharmaceutical waste services, compliance programs, retail and healthcare, industrial and manufacturing hazardous waste management and secure information destruction; and Domestic Communication and Related Services, which provides appointment reminders, secure messaging, event registration, and other communications mainly for hospitals and integrated delivery network's as well as regulated recall and returns management communication, and logistics.
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