CLEANAWAY WASTE MANAGEMENT LIMITED (CWY)
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CWY - CLEANAWAY WASTE MANAGEMENT LIMITED

FNArena Sector : Industrial Sector Contractors & Engineers
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 2.47
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 2005 and the current name was adopted in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.88

20 Nov
2024

-0.030

OPEN

$2.90

-1.03%

HIGH

$2.91

2,021,302

LOW

$2.87

TARGET
$3.166 9.9% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
CWY: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 7.0 9.1 xxx
DPS (cps) xxx 5.0 5.7 xxx
EPS Growth xxx 100.0% 29.4% xxx
DPS Growth xxx 2.0% 13.3% xxx
PE Ratio xxx N/A 31.5 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx 71.1% 62.3% xxx

Dividend yield today if purchased 3 years ago: 1.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.74

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: 13/09 - ex-div 2.55c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx7.0
DPS All xxxxxxxxxxxxxxx5.0
Sales/Revenue xxxxxxxxxxxxxxx3,700.4 M
Book Value Per Share xxxxxxxxxxxxxxx134.5
Net Operating Cash Flow xxxxxxxxxxxxxxx543.0 M
Net Profit Margin xxxxxxxxxxxxxxx4.23 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx5.27 %
Return on Invested Capital xxxxxxxxxxxxxxx3.46 %
Return on Assets xxxxxxxxxxxxxxx2.52 %
Return on Equity xxxxxxxxxxxxxxx5.27 %
Return on Total Capital xxxxxxxxxxxxxxx6.75 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx68.5 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx110 M
Long Term Debt xxxxxxxxxxxxxxx1,622 M
Total Debt xxxxxxxxxxxxxxx1,732 M
Goodwill - Gross xxxxxxxxxxxxxxx2,442 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx121 M
Price To Book Value xxxxxxxxxxxxxxx2.06

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx403.2 M
Capex % of Sales xxxxxxxxxxxxxxx10.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,220 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx168 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx83 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

0.8

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

22/08/2024

1

Buy

$3.40

18.06%

UBS notes the FY24 results from Cleanaway Waste Management were firm despite continued pressure from Veolia. FY25 guidance signals a "fairly easy" growth profile to the company's FY26 target, the broker adds.

UBS considers the $450m EBIT target for FY26 conservative, assuming a more consistent growth rate in FY25 that should mean the company hits $500m. Buy rating retained. Target is raised to $3.40 from $3.30.

FORECAST
UBS forecasts a full year FY25 EPS of 9.00 cents.
UBS forecasts a full year FY26 EPS of 13.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$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

11/09/2024

3

Neutral

$3.05

5.90%

Jarden revisits the investment case for Cleanaway Waste Management several weeks after FY24 results.

Potentially providing a superior earnings/margin mix, the broker notes management is increasingly focusing on commercial and industrial (C&I) waste contracts and away from municipal solid waste (MSW).

Also, upon further investigation by the analysts, near-term concerns about increased competition in the Solid Waste Services business now appear conservative.

The Neutral rating and $3.05 target are maintained.

FORECAST
Jarden forecasts a full year FY25 dividend of 5.60 cents and EPS of 9.30 cents.
Jarden forecasts a full year FY26 dividend of 6.90 cents and EPS of 11.60 cents.
Access Extra Coverage Research History >

CWY STOCK CHART

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