CLEANAWAY WASTE MANAGEMENT LIMITED (CWY)
Share Price Analysis and Chart

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CWY

CWY - CLEANAWAY WASTE MANAGEMENT LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 3.21
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Cleanaway Waste Management is an Australian waste management company providing collection, disposal and recycling services to businesses ranging from small to multinational organisations. It listed in 2004 as Transpacific Industries. The current name was adopted in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.01

05 Nov
2026

0.000

OPEN

$3.00

0.000

HIGH

$3.02

34,357,515

LOW

$3.00

TARGET
$2.95 -2.0% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
CWY: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 4.4 11.5 xxx
DPS (cps) xxx 6.9 9.6 xxx
EPS Growth xxx - 37.4% 100.0% xxx
DPS Growth xxx 14.2% 39.4% xxx
PE Ratio xxx N/A 26.2 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 155.7% 83.2% xxx

Dividend yield today if purchased 3 years ago: 2.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.28

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 11/09 - ex-div 3.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic 7.14.01.07.07.04.4
DPS All 0.04.94.95.06.06.9
Sales/Revenue 2,371.1 M2,969.3 M3,507.1 M3,700.4 M3,788.9 M4,299.9 M
Book Value Per Share 127.9127.3132.1134.5136.3134.6
Net Operating Cash Flow 425.7 M467.3 M482.6 M543.0 M459.3 M546.9 M
Net Profit Margin 6.13 %2.66 %0.62 %4.23 %4.14 %2.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed 5.58 %3.00 %0.78 %5.27 %5.20 %3.25 %
Return on Invested Capital 4.04 %2.01 %0.50 %3.46 %3.39 %2.00 %
Return on Assets 3.08 %1.48 %0.36 %2.52 %2.42 %1.43 %
Return on Equity 5.58 %3.00 %0.78 %5.27 %5.20 %3.25 %
Return on Total Capital 5.97 %4.17 %3.50 %6.75 %7.76 %5.56 %
Free Cash Flow ex dividends 104.1 M115.8 M10.0 M68.5 M49.6 M134.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt 77 M101 M98 M110 M215 M123 M
Long Term Debt 996 M1,583 M1,491 M1,622 M1,590 M2,212 M
Total Debt 1,073 M1,684 M1,589 M1,732 M1,805 M2,335 M
Goodwill - Gross 1,852 M2,366 M2,412 M2,442 M2,442 M2,735 M
Cash & Equivalents - Generic 69 M67 M102 M121 M87 M116 M
Price To Book Value 2.061.981.962.062.001.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex 246.2 M263.0 M385.9 M403.2 M335.1 M326.8 M
Capex % of Sales 10.38 %8.86 %11.00 %10.90 %8.84 %7.60 %
Cost of Goods Sold 2,055 M2,641 M3,142 M3,220 M3,270 M3,727 M
Selling, General & Admin. Exp & Other 97 M161 M210 M168 M147 M290 M
Research & Development ------
Investments - Total 59 M67 M71 M83 M91 M101 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Morgan Stanley

21/08/2026

3

Downgrade to Equal-weight from Overweight

$3.10

2.99%

Cleanaway's FY26 EBIT of $470m was at the midpoint of guidance, with improved returns and a strong contribution from Contract Resources helping offset weakness in Health and Industrial Services.

Morgan Stanley views FY27 as a transitional year, with growth from collections, a recovery in Health and further Contract Resources growth offset by higher IT and Blueprint 2.0 costs.

Management is targeting another $25m of indirect cost savings.

Following EQT Infrastructure's $3.13 per share proposal, the broker expects the stock to trade more on the potential transaction than fundamentals.

Morgan Stanley downgrades to Equal-weight from Overweight and raises the target to $3.10 from $2.91, reflecting the offer price less the 3.5c final dividend.

Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 7.30 cents and EPS of 10.70 cents.
Morgan Stanley forecasts a full year FY28 dividend of 8.20 cents and EPS of 12.10 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

24/08/2026

1

Buy

$3.25

7.97%

Cleanaway Waste Management reported FY26 financial results that included total revenue of $4,371m and underlying EBIT of $470m.

For FY27, management guided underlying EBIT to a range of $500m to $530m alongside net interest expense of approximately $170m.

The broker's estimates indicate that this guidance points to minor consensus Core NPAT downgrades of -4% to -5% for FY27.

Return on invested capital continued to improve with a 60 basis point increase on FY25 levels, closing the gap to the broker's weighted average cost of capital.

Supported by an ongoing M&A proposal from EQT Infrastructure, Jarden maintains a Buy recommendation with a target price of $3.25.

FORECAST
Jarden forecasts a full year FY27 dividend of 7.10 cents and EPS of 10.50 cents.
Jarden forecasts a full year FY28 dividend of 7.50 cents and EPS of 11.20 cents.
Access Extra Coverage Research History >

CWY STOCK CHART

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