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: 2.34
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

$2.26

16 Apr
2026

-0.020

OPEN

$2.30

-0.88%

HIGH

$2.30

6,449,651

LOW

$2.24

TARGET
$3.052 35.0% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
CWY: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 7.0 10.4 xxx
DPS (cps) xxx 6.0 6.9 xxx
EPS Growth xxx 0.0% 47.2% xxx
DPS Growth xxx 20.0% 15.4% xxx
PE Ratio xxx N/A 22.3 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 85.3% 66.9% xxx

Dividend yield today if purchased 3 years ago: 2.42%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.60

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: 12/09 - ex-div 3.2c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx7.0
DPS All xxxxxxxxxxxxxxx6.0
Sales/Revenue xxxxxxxxxxxxxxx3,788.9 M
Book Value Per Share xxxxxxxxxxxxxxx136.3
Net Operating Cash Flow xxxxxxxxxxxxxxx459.3 M
Net Profit Margin xxxxxxxxxxxxxxx4.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx5.20 %
Return on Invested Capital xxxxxxxxxxxxxxx3.39 %
Return on Assets xxxxxxxxxxxxxxx2.42 %
Return on Equity xxxxxxxxxxxxxxx5.20 %
Return on Total Capital xxxxxxxxxxxxxxx7.76 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx49.6 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx215 M
Long Term Debt xxxxxxxxxxxxxxx1,590 M
Total Debt xxxxxxxxxxxxxxx1,805 M
Goodwill - Gross xxxxxxxxxxxxxxx2,442 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx87 M
Price To Book Value xxxxxxxxxxxxxxx2.00

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx335.1 M
Capex % of Sales xxxxxxxxxxxxxxx8.84 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,270 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx147 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx91 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

1.0

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

15/04/2026

1

Upgrade to Buy from Accumulate

$2.70

19.47%

Cleanaway Waste Management downgraded FY26 earnings (EBIT) guidance to $460–480m from $480–500m due to higher fuel costs and disruption to Middle East operations, Ord Minnett notes.

The impact is driven by increased fuel and logistics costs and weaker activity in the Contract Resources segment following exposure to oil and gas markets.

Management expects much of the cost pressure to be recovered over time via contract pass-through mechanisms, with most contracts resetting by end FY26 and some into 1H27.

The broker sees margin pressures unwinding by 2H27, with potential for a temporary margin uplift before normalising.

EPS forecasts are cut for FY26 and FY27 but lifted for FY28, while the rating is upgraded to Buy from Accumulate and the target trimmed to $2.70 from $2.80.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

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

16/04/2026

1

Buy

$3.10

37.17%

Jarden maintains its Buy rating on Cleanaway Waste Management with an unchanged price target of $3.10 after the company downgraded its full-year EBIT guidance.

The broker notes rising diesel costs and activity disruptions caused a -$20m impact, resulting in a tighter margin outlook for the second half of the year.

Core EPS forecasts have been reduced by -9.2% for FY26, as the business navigates a timing disconnect between immediate fuel price hikes and subsequent contract repricing.

While earnings and dividend forecasts were lowered to reflect higher supplier costs, net finance cost estimates remain unchanged at -$155m for the current year as the broker anticipates near-term risks are largely dimensioned.

Commentary suggests investors now look toward the upcoming strategy day for clarity regarding free cash flow generation and capital intensity.

FORECAST
Jarden forecasts a full year FY26 dividend of 5.50 cents and EPS of 9.70 cents.
Jarden forecasts a full year FY27 dividend of 8.30 cents and EPS of 12.10 cents.
Access Extra Coverage Research History >

CWY STOCK CHART

FNArena News on CWY

1
Australian Broker Call *Extra* Edition – Apr 16, 2026

Apr 16 2026 - Daily Market Reports
2
Rudi’s View: Oil, Inflation, Growth & Stagflation

Mar 18 2026 - Rudi's View
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 13-03-26

Mar 13 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 09, 2026

Mar 09 2026 - Daily Market Reports
5
FNArena Corporate Results Monitor – 27-02-2026

Feb 27 2026 - Australia

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