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

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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: 2.96
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

$2.38

03 Oct
2023

-0.040

OPEN

$2.40

-1.65%

HIGH

$2.41

3,364,382

LOW

$2.36

TARGET
$2.694 13.2% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ALQ . AVD . BSA . CG1 . CLG . CVL . CXL . DOW . EGN . EVS . FLC . IPG . LBL . MAD . PPK . SDV . SHA . SND . SSM . VEE . XTE .
FNARENA'S MARKET CONSENSUS FORECASTS
CWY: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 1.0 8.6 xxx
DPS (cps) xxx 4.9 5.6 xxx
EPS Growth xxx - 75.4% 100.0% xxx
DPS Growth xxx 0.0% 15.1% xxx
PE Ratio xxx N/A 27.3 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 500.0% 65.7% xxx

Dividend yield today if purchased 3 years ago: 2.37%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.09

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: 14/09 - ex-div 2.45c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx1.0
DPS All xxxxxxxxxxxxxxx4.9
Sales/Revenue xxxxxxxxxxxxxxx3,507.1 M
Book Value Per Share xxxxxxxxxxxxxxx132.1
Net Operating Cash Flow xxxxxxxxxxxxxxx482.6 M
Net Profit Margin xxxxxxxxxxxxxxx0.62 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.78 %
Return on Invested Capital xxxxxxxxxxxxxxx0.50 %
Return on Assets xxxxxxxxxxxxxxx0.36 %
Return on Equity xxxxxxxxxxxxxxx0.78 %
Return on Total Capital xxxxxxxxxxxxxxx3.50 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx10.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx98 M
Long Term Debt xxxxxxxxxxxxxxx1,491 M
Total Debt xxxxxxxxxxxxxxx1,589 M
Goodwill - Gross xxxxxxxxxxxxxxx2,412 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx102 M
Price To Book Value xxxxxxxxxxxxxxx1.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx385.9 M
Capex % of Sales xxxxxxxxxxxxxxx11.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,142 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx210 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx71 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

0.3

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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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgans

25/08/2023

3

Hold

$2.59

8.82%

Given recent guidance, FY23 earnings for Cleanaway Waste Management came in as expected and indicated to Morgans a solid 2H recovery with momentum into the 1H of FY24.

Consensus had been expecting falling costs but were negatively surprised, according to the broker, by an 81% increase in FY23 net finance costs. As around 54% of company debt is exposed to floating rates, costs are expected to rise further in FY24.

No quantitative FY24 guidance was issued though management highlighted its three-year earnings (EBIT) ambition (higher than the analyst anticipated) of more than $450m partly driven by earnings on growth capex and productivity improvements.

The target rises to $2.59 from $2.45 and the Hold rating is unchanged.

FORECAST
Morgans forecasts a full year FY24 dividend of 5.70 cents and EPS of 7.80 cents.
Morgans forecasts a full year FY25 dividend of 6.70 cents and EPS of 9.30 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

CWY STOCK CHART

FNArena News on CWY

1
ESG Focus: Strong Reporting Season For Circularity, Nature, Biodiversity and AI

Oct 02 2023 - ESG Focus
2
Australian Broker Call *Extra* Edition – Sep 25, 2023

Sep 25 2023 - Daily Market Reports
3
Rudi’s Comprehensive August 2023 Review

Sep 21 2023 - Feature Stories
4
Rudi’s View: Navigating The Post-August Complexities

Sep 20 2023 - Rudi's View
5
Rudi’s View: Outlook Negative, With Plenty Of Silver Linings

Sep 06 2023 - Rudi's View

Latest Industrial Sector Contractors & Engineers News

1
Treasure Chest: ALS Has A Turn-Around Option

Sep 19 2023 - Treasure Chest
2
ESG Focus: Waste To Energy Innovators

Jul 18 2023 - ESG Focus
3
ESG Focus: Waste to Energy Firing Up

Jun 30 2023 - ESG Focus
4
Upgrades Reflect Cost Control at ALS

Mar 31 2023 - Australia
5
Cleanaway: Wait For Cheaper Prices

Oct 11 2022 - Technicals
6
New Age Drives Growth For ALS

Sep 14 2022 - Australia
7
High Growth To Be High Cost For Cleanaway

Jun 15 2022 - Australia
8
New Growth Pathway for Cleanaway Waste Management

Mar 14 2022 - Australia
9
Better Times Ahead For Contractors

Sep 10 2021 - Australia
10
ALS Gathers Pace As Commodities Surge

May 27 2021 - Australia