Cleanaway Waste Management Limited (CWY.AX)

Industrials · ASX · Australia

AUD2.36+0.85% today

Fundamentals

Market capAUD3.67B
P/E ratio46.8
Dividend yield2.79%
Revenue growth (YoY)+13.7%
Profit margin2.9%
Return on equity4.0%
52-week rangeAUD2.14 to AUD2.96

Valuation and ratings

DCF fair valueAUD1.35
Upside to fair value-42.8%
Analyst target (mean)AUD2.97
Analyst rangeAUD2.50 to AUD3.30
Analysts covering14
Consensus viewbuy
Moat score35/100
Overall rating24/100, Sell

Fair value: AUD1.35 (-42.8%), see how we got there

Cleanaway Waste Management Limited trades at AUD2.36, which is 43% above the AUD1.35 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.

Our moat model scores it 35 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 46.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

CWY.AX dividend history

Dividend yield2.79%
Paid, trailing 12 monthsAUD0.066 per share
Most recent paymentAUD0.034, ex 10 Mar 2026
Ex-dividend date11 Mar 2026
5-year growth (p.a.)+7.9%
Consecutive years of growth2
Consecutive years paid12

Dividends per share by year

YearTotal per sharePayments
2026 (year to date)AUD0.0341
2025AUD0.0602
2024AUD0.0502
2023AUD0.0492
2022AUD0.0492
2021AUD0.0462
2020AUD0.0412
2019AUD0.0362
2018AUD0.0252
2017AUD0.0212
2016AUD0.0172

Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.

CWY.AX earnings and analyst estimates

EPS estimate, next yearAUD0.12
Expected EPS growth+18.5%
Expected revenue growth+6.6%

Recommendation mix, 14 analyst ratings

12 buy2 hold0 sell

Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.

About Cleanaway Waste Management Limited

Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia. It engages in the collection, recovery, and disposal of solid waste, including putrescible waste, inert waste, household waste and recovered waste processed through the resource recovery and recycling facilities, transfer stations, and landfills; and provision of safe treatment and disposal of health-related waste services, including sharps management, medical and pharmaceutical waste, and healthcare hazardous waste and quarantine waste to the health sector. The company also collects, treats, processes, refines, recycles, and destructs hazardous and non-hazardous liquids, hydrocarbons and chemical waste, specialized product destruction, and hazardous waste; and offers various services, such as vacuum loading, high pressure cleaning, pipeline maintenance, and non-destructive digging to the resources, oil and gas, infrastructure, and industrial markets. In addition, it offers commercial and industrial, municipal, and residential collection services, including general waste, recyclables, construction, and demolition waste, as well as medical and washroom services; owns and manages waste transfer stations, resource recovery and recycling facilities, secure product destruction, quarantine treatment operations and landfills; and sells recovered paper, cardboard, metals, and plastics. Further, the company collects, treats, processes, and recycles industrial waste, grease trap waste, oily water, and used mineral and cooking oils; provides industrial cleaning, vacuum tanker loading, site remediation, sludge management, parts washing, and high pressure cleaning services; refines and recycles used mineral oils to produce fuel and base oils; and generates and sells electricity. Cleanaway Waste Management Limited was incorporated in 2002 and is headquartered in Melbourne, Australia.

Industry: Waste ManagementEmployees: 10,000HQ: Australia

CWY.AX passes 4 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Common questions

Is Cleanaway Waste Management Limited (CWY.AX) undervalued?

Against our discounted cash flow estimate of AUD1.35, CWY.AX at AUD2.36 is 43% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is CWY.AX's P/E ratio?

CWY.AX trades at 46.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

Does Cleanaway Waste Management Limited (CWY.AX) pay a dividend?

Yes. Cleanaway Waste Management Limited yields 2.79% at the current share price. It has paid AUD0.066 per share over the trailing twelve months. It has paid a dividend in each of the last 12 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.

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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.