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Distribution, hire and environmental services

Waste management and recycling company financial model, built free.

A three-statement Excel model for a waste management and recycling, built from your own figures and checked to balance.

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  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Collects, transfers, recycles and disposes of municipal, commercial and industrial waste; earns collection fees, landfill gate fees and recovered-commodity and energy revenue.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.

Annual · 10 years · Low detail
Waste management and recycling company sample model.xlsx
The Summary sheet of the sample waste management and recycling company model

Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.

How it works

How the model works for a waste management and recycling company.

  1. How it earns revenue3 formulas
    Landfill volumes and gate fees · All landfills
    Landfill levy charged to customers and paidTonnes landfilledLandfill levy per tonne
    Landfill volumes and gate fees · All landfills
    Landfill gate fee revenueGate feesLandfill levy charged to customers and paid
    Landfill volumes and gate fees · All landfills
    Remaining permitted airspaceOpening airspaceAirspace used
  2. What drives its costs3 formulas
    Airspace, cell development and closure provisions · All landfills
    Closing net book valueOpening net book valueCell development capexLandfill amortisation
    Airspace, cell development and closure provisions · All landfills
    Provision accrued (operating charge)Tonnes landfilledfrom landfill volumes and gate feesClosure accrual per tonne landfilled at the start dateRate escalation index
    Collection, processing and disposal costs · Across the business
    Collection, processing and disposal costsThird-party disposal gate feesLandfill leviesCollection running costsProcessing costs
  3. What it invests in3 formulas
    Corporate fixed assets
    Capital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capex
    Corporate fixed assets
    DepreciationDepreciation of the opening asset baseDepreciation of new capex
    Corporate fixed assets
    Closing net book valueOpening net book valueCapital expenditureDepreciation
  4. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

19 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastCPI glide path
  • Operating expensesOperating expense line items
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalDays-based working capital
  • Income taxCorporate rate with tax losses
  • Corporate fixed assetsStraight-line over remaining life
  • DebtAmortising term loan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • Collection revenueTonnes × price per tonneRevenue from collecting municipal, commercial and industrial waste.
  • Recycling and energy recoveryCommodity basket by materialRevenue from processing recyclables and from recovering energy from waste.
  • Collection, processing and disposal costsThird-party disposal and leviesTruck, driver, fuel, processing and third-party disposal costs of collecting and handling waste.
  • LeasesLease register
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Discount rate (WACC)CAPM at target gearing
  • Terminal valuePerpetuity growth on normalised cash flow
  • Landfill volumes and gate feesCapped by licence and airspaceTonnes received at each landfill and the gate fees (and landfill levies) charged.
  • Airspace, cell development and closure provisionsAmortisation and closure accrual per tonneLandfill cell construction, amortisation as airspace is consumed, and the provision for capping, closure and aftercare.
Key numbers

The numbers it tracks.

  1. 01tonnes collected
  2. 02landfill tonnes
  3. 03remaining airspace (years)
  4. 04EBITDA margin
  5. 05closure provisions
Used for

What it is used for.

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The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.