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Cleanaway Waste Management

ASX:CWY
Snowflake Description

Excellent balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CWY
ASX
A$4B
Market Cap
  1. Home
  2. AU
  3. Commercial Services
Company description

Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia. The last earnings update was 93 days ago. More info.


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  • Cleanaway Waste Management has significant price volatility in the past 3 months.
CWY Share Price and Events
7 Day Returns
4.4%
ASX:CWY
2.2%
AU Commercial Services
0%
AU Market
1 Year Returns
8.9%
ASX:CWY
15%
AU Commercial Services
15.3%
AU Market
CWY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cleanaway Waste Management (CWY) 4.4% -6.4% -10% 8.9% 77.6% 108.8%
AU Commercial Services 2.2% 3.1% -1.5% 15% 15.8% 38.7%
AU Market 0% 0.5% 4.7% 15.3% 21.6% 20.7%
1 Year Return vs Industry and Market
  • CWY underperformed the Commercial Services industry which returned 15% over the past year.
  • CWY underperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
CWY
Industry
5yr Volatility vs Market

Value

 Is Cleanaway Waste Management undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cleanaway Waste Management to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cleanaway Waste Management.

ASX:CWY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:CWY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.66
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.659 (1 + (1- 30%) (18.34%))
0.828
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.828 * 5.96%)
7.25%

Discounted Cash Flow Calculation for ASX:CWY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cleanaway Waste Management is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:CWY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.25%)
2020 73.50 Analyst x1 68.53
2021 185.60 Analyst x2 161.36
2022 150.50 Analyst x1 122.00
2023 131.29 Est @ -12.77% 99.23
2024 120.47 Est @ -8.24% 84.90
2025 114.35 Est @ -5.08% 75.15
2026 111.08 Est @ -2.86% 68.06
2027 109.63 Est @ -1.31% 62.63
2028 109.39 Est @ -0.22% 58.27
2029 109.97 Est @ 0.54% 54.62
Present value of next 10 years cash flows A$854.00
ASX:CWY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$109.97 × (1 + 2.31%) ÷ (7.25% – 2.31%)
A$2,279.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$2,279.36 ÷ (1 + 7.25%)10
A$1,132.16
ASX:CWY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$854.00 + A$1,132.16
A$1,986.16
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$1,986.16 / 2,051.42
A$0.97
ASX:CWY Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.97
Current discount Discount to share price of A$1.90
= -1 x (A$1.90 - A$0.97) / A$0.97
-96.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Cleanaway Waste Management is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cleanaway Waste Management's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cleanaway Waste Management's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:CWY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.06
ASX:CWY Share Price ** ASX (2019-11-15) in AUD A$1.9
Australia Commercial Services Industry PE Ratio Median Figure of 12 Publicly-Listed Commercial Services Companies 18.07x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cleanaway Waste Management.

ASX:CWY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:CWY Share Price ÷ EPS (both in AUD)

= 1.9 ÷ 0.06

31.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cleanaway Waste Management is overvalued based on earnings compared to the AU Commercial Services industry average.
  • Cleanaway Waste Management is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Cleanaway Waste Management's expected growth come at a high price?
Raw Data
ASX:CWY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
12%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.36x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

ASX:CWY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.51x ÷ 12%

2.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cleanaway Waste Management is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cleanaway Waste Management's assets?
Raw Data
ASX:CWY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$1.26
ASX:CWY Share Price * ASX (2019-11-15) in AUD A$1.9
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 2.46x
Australia Market PB Ratio Median Figure of 1,585 Publicly-Listed Companies 1.71x
ASX:CWY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:CWY Share Price ÷ Book Value per Share (both in AUD)

= 1.9 ÷ 1.26

1.51x

* Primary Listing of Cleanaway Waste Management.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cleanaway Waste Management is good value based on assets compared to the AU Commercial Services industry average.
X
Value checks
We assess Cleanaway Waste Management's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Cleanaway Waste Management has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Cleanaway Waste Management expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cleanaway Waste Management expected to grow at an attractive rate?
  • Cleanaway Waste Management's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Cleanaway Waste Management's earnings growth is expected to exceed the Australia market average.
  • Cleanaway Waste Management's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:CWY Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:CWY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 12%
ASX:CWY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 11%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:CWY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:CWY Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 2,581 439 224 1
2023-06-30 2,628 444 200 2
2022-06-30 2,482 433 180 6
2021-06-30 2,402 413 162 7
2020-06-30 2,315 355 133 7
2019-11-15
ASX:CWY Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 2,287 351 123
2019-03-31 2,183 317 121
2018-12-31 2,079 284 119
2018-09-30 1,896 253 111
2018-06-30 1,715 221 104
2018-03-31 1,615 212 97
2017-12-31 1,515 203 90
2017-09-30 1,485 196 81
2017-06-30 1,454 190 73
2017-03-31 1,444 201 61
2016-12-31 1,433 213 50
2016-09-30 1,444 202 47

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cleanaway Waste Management's earnings are expected to grow by 12% yearly, however this is not considered high growth (20% yearly).
  • Cleanaway Waste Management's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:CWY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Cleanaway Waste Management Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CWY Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30 0.11 0.11 0.11 1.00
2023-06-30 0.10 0.10 0.10 2.00
2022-06-30 0.09 0.09 0.08 5.00
2021-06-30 0.08 0.08 0.08 6.00
2020-06-30 0.07 0.07 0.06 5.00
2019-11-15
ASX:CWY Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.06
2019-03-31 0.06
2018-12-31 0.06
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.05
2017-09-30 0.05
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.03
2016-09-30 0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cleanaway Waste Management is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cleanaway Waste Management's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cleanaway Waste Management has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Cleanaway Waste Management performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cleanaway Waste Management's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cleanaway Waste Management has delivered over 20% year on year earnings growth in the past 5 years.
  • Cleanaway Waste Management's 1-year earnings growth is less than its 5-year average (18.9% vs 68.2%)
  • Cleanaway Waste Management's earnings growth has not exceeded the AU Commercial Services industry average in the past year (18.9% vs 18.9%).
Earnings and Revenue History
Cleanaway Waste Management's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cleanaway Waste Management Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:CWY Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,286.90 123.10
2019-03-31 2,182.95 121.15
2018-12-31 2,078.50 119.20
2018-09-30 1,896.40 111.35
2018-06-30 1,714.80 103.50
2018-03-31 1,615.10 96.50
2017-12-31 1,515.40 89.50
2017-09-30 1,484.90 81.00
2017-06-30 1,454.40 72.50
2017-03-31 1,443.60 61.15
2016-12-31 1,432.80 49.80
2016-09-30 1,443.95 47.30
2016-06-30 1,455.10 44.80
2015-12-31 1,442.20 41.90 25.50
2015-09-30 1,413.55 5.05 37.45
2015-06-30 1,384.90 -31.80 49.40
2014-12-31 1,383.90 -285.70 50.70
2014-09-30 1,402.60 -255.85 51.90
2014-06-30 1,421.30 -226.00 53.10
2014-03-31 1,438.55 -218.95 57.35
2013-12-31 1,455.80 -211.90 61.60
2013-09-30 1,475.40 -216.70 65.20
2013-06-30 1,495.00 -221.50 68.80
2013-03-31 1,711.75 -108.70 74.05
2012-12-31 1,928.50 4.10 79.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cleanaway Waste Management has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cleanaway Waste Management used its assets less efficiently than the AU Commercial Services industry average last year based on Return on Assets.
  • Cleanaway Waste Management has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cleanaway Waste Management's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cleanaway Waste Management has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Cleanaway Waste Management's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cleanaway Waste Management's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cleanaway Waste Management is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cleanaway Waste Management's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cleanaway Waste Management's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cleanaway Waste Management Company Filings, last reported 4 months ago.

ASX:CWY Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,582.80 580.30 56.20
2019-03-31 2,582.80 580.30 56.20
2018-12-31 2,526.20 709.30 44.90
2018-09-30 2,526.20 709.30 44.90
2018-06-30 2,488.10 623.50 52.00
2018-03-31 2,488.10 623.50 52.00
2017-12-31 2,366.00 39.00 183.30
2017-09-30 2,366.00 39.00 183.30
2017-06-30 1,825.00 370.20 43.20
2017-03-31 1,825.00 370.20 43.20
2016-12-31 1,798.50 370.60 44.50
2016-09-30 1,798.50 370.60 44.50
2016-06-30 1,781.50 359.40 48.30
2015-12-31 1,767.80 360.40 35.30
2015-09-30 1,767.80 360.40 35.30
2015-06-30 1,754.70 351.70 37.00
2014-12-31 1,745.20 164.50 41.10
2014-09-30 1,745.20 164.50 41.10
2014-06-30 2,058.70 57.20 190.10
2014-03-31 2,058.70 57.20 190.10
2013-12-31 2,231.10 839.40 71.70
2013-09-30 2,231.10 839.40 71.70
2013-06-30 2,007.30 1,039.50 76.20
2013-03-31 2,007.30 1,039.50 76.20
2012-12-31 2,196.50 1,130.80 30.90
  • Cleanaway Waste Management's level of debt (22.5%) compared to net worth is satisfactory (less than 40%).
  • Cleanaway Waste Management had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (60.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.5x coverage).
X
Financial health checks
We assess Cleanaway Waste Management's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cleanaway Waste Management has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Cleanaway Waste Management's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2%
Current annual income from Cleanaway Waste Management dividends. Estimated to be 2.29% next year.
If you bought A$2,000 of Cleanaway Waste Management shares you are expected to receive A$40 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cleanaway Waste Management's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.36%).
  • Cleanaway Waste Management's dividend is below the markets top 25% of dividend payers in Australia (5.58%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:CWY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Australia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:CWY Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-06-30 0.06 1.00
2023-06-30 0.05 2.00
2022-06-30 0.05 7.00
2021-06-30 0.04 8.00
2020-06-30 0.04 8.00
2019-11-15
ASX:CWY Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-14 0.038 1.915
2019-02-13 0.033 1.451
2018-08-21 0.028 1.568
2018-02-20 0.022 1.351
2017-09-25 0.022 1.491
2017-02-22 0.020 1.522
2016-09-27 0.018 1.585
2016-02-19 0.016 1.899
2016-02-18 0.016 2.134
2015-09-29 0.016 2.355
2015-02-19 0.014 1.908
2014-08-19 0.015 1.732
2010-02-24 0.000 0.000
2009-08-26 0.000 0.000
2009-07-20 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Cleanaway Waste Management has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Cleanaway Waste Management only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Cleanaway Waste Management's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess Cleanaway Waste Management's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cleanaway Waste Management afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cleanaway Waste Management has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Cleanaway Waste Management's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Vik Bansal
COMPENSATION A$4,374,374
TENURE AS CEO 4.3 years
CEO Bio

Mr. Vikas Bansal, also known as Vik, has been the Chief Executive Officer and Managing Director at Cleanaway Waste Management Limited since August 03, 2015. Mr. Bansal has been an Executive Director at Cleanaway Waste Management Limited since August 20, 2015. He served as Acting Executive General Manager of Enterprise Operations at Cleanaway Waste Management Limited since March 3, 2016. He served as the President and Chief Operating Officer at Valmont Industries, Inc. from July 1, 2014 to December 27, 2014. Mr. Bansal served as Group President of Global Engineered Infrastructure Products Segment at Valmont Industries, Inc. from January 2013 to July 1, 2014. He is responsible for the daily operations of Valmont. He served as the President of Asia Pacific Region at Valmont Industries, Inc. He held management positions in OneSteel. He served as Group President, Engineering Infrastructure Products at Valmont Industries Inc. from 2012 to 2015 and its President & Chief Operating Officer from 2014-to December 2014; Group President, Asia Pacific from 2010 to 2012; Divisional General Manager, Steel and Tube from 2007 to 2010. He served as Vice President, General Manager, Asia Pacific at Arrium Limited from 2007 to 2010. He served as Managing Director/Country Manager, Australia/New Zealand at EATON CORPORATION from 2002 to 2005 and its Vice President, General Manager, Asia Pacific from 2005 to 2007. He served as Divisional General Manager at DELTA GROUP AUSTRALIA from 2000 to 2002. He held various roles of increasing responsibilities including Project Engineer, Sales Manager, Business Unit Manager (Industrial products), Group Marketing Manager from 1988 to 2000. He served as Director of Valmont Group Holdings Pty Ltd. until March 24, 2015. Mr. Bansal holds an electrical engineering degree from N.I.T.-India, an MBA from Deakin University in Australia and completed his advanced Management Program from INSEAD. He is a Fellow of the Australian Institute of Company Directors and a Fellow of the Institute of Engineers Australia.

CEO Compensation
  • Vik's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Vik's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Cleanaway Waste Management management team in years:

5.2
Average Tenure
  • The average tenure for the Cleanaway Waste Management management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Vik Bansal

TITLE
CEO, MD & Executive Director
COMPENSATION
A$4M
TENURE
4.3 yrs

Brendan Gill

TITLE
Chief Financial Officer
COMPENSATION
A$1M
TENURE
5.2 yrs

Frank Sufferini

TITLE
Head of Investor Relations & Corporate Affairs
TENURE
8.1 yrs

Dan Last

TITLE
General Counsel & Company Secretary
TENURE
5.7 yrs

Johanna Birgersson

TITLE
Executive General Manager of Human Resources
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Cleanaway Waste Management board of directors in years:

6.7
Average Tenure
63
Average Age
  • The tenure for the Cleanaway Waste Management board of directors is about average.
Board of Directors

Mark Chellew

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$330K
AGE
62
TENURE
3.2 yrs

Vik Bansal

TITLE
CEO, MD & Executive Director
COMPENSATION
A$4M
TENURE
4.3 yrs

Ray Smith

TITLE
Independent Non-Executive Director
COMPENSATION
A$185K
AGE
72
TENURE
8.6 yrs

Mike Harding

TITLE
Independent Non-Executive Director
COMPENSATION
A$175K
AGE
70
TENURE
6.7 yrs

Emma Stein

TITLE
Independent Non-Executive Director
COMPENSATION
A$164K
AGE
58
TENURE
8.3 yrs

Terry Sinclair

TITLE
Independent Non-Executive Director
COMPENSATION
A$164K
TENURE
7.6 yrs

Philippe Etienne

TITLE
Independent Non-Executive Director
COMPENSATION
A$175K
AGE
64
TENURE
5.5 yrs

Sam Hogg

TITLE
Independent Non-Executive Director
AGE
52
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Cleanaway Waste Management individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
07. Nov 19 Buy Richard Harding Individual 04. Nov 19 04. Nov 19 13,587 A$1.87 A$25,340
30. Oct 19 Buy Philippe Etienne Individual 28. Oct 19 28. Oct 19 44,959 A$1.76 A$79,123
30. Oct 19 Buy Emma Stein Individual 29. Oct 19 29. Oct 19 12,120 A$1.82 A$22,058
30. Oct 19 Buy Mark Chellew Individual 29. Oct 19 29. Oct 19 17,000 A$1.80 A$30,515
30. Oct 19 Buy Raymond Smith Individual 28. Oct 19 28. Oct 19 20,000 A$1.85 A$36,900
06. Sep 19 Sell Realindex Investments Pty Limited Company 04. Jun 19 17. Jul 19 -1,917,426 A$2.28 A$-4,369,711
06. Sep 19 Buy Realindex Investments Pty Limited Company 05. Jun 19 11. Jul 19 180,512 A$2.33 A$421,066
06. Sep 19 Buy ASB Group Investments Ltd. Company 28. Aug 19 30. Aug 19 95,874 A$2.07 A$198,420
06. Sep 19 Sell First Sentier Investors (Australia) IM Ltd Company 05. Jun 19 04. Sep 19 -16,647,995 A$2.40 A$-34,542,402
06. Sep 19 Buy First Sentier Investors (Australia) IM Ltd Company 03. Jun 19 04. Sep 19 16,939,176 A$2.37 A$37,360,340
29. Aug 19 Sell FIL Limited Company 30. Apr 19 27. Aug 19 -95,536,881 A$2.29 A$-218,636,094
29. Aug 19 Buy FIL Limited Company 08. Apr 19 20. Aug 19 9,057,775 A$2.47 A$22,413,015
09. Aug 19 Sell Cooper Investors Pty Limited Company 15. May 18 08. Aug 19 -53,254,692 A$2.46 A$-119,808,841
09. Aug 19 Buy Cooper Investors Pty Limited Company 14. Sep 18 10. May 19 12,076,813 A$2.25 A$24,726,187
01. Jul 19 Sell Marathon Asset Management, LLP Company 20. Sep 18 28. Jun 19 -108,506 A$1.61 A$-174,673
03. Jun 19 Buy Realindex Investments Pty Limited Company 30. Jan 19 20. May 19 203,819 A$2.16 A$440,995
03. Jun 19 Buy ASB Group Investments Ltd. Company 04. Feb 19 06. May 19 104,050 A$1.95 A$203,230
03. Jun 19 Buy First Sentier Investors (Australia) IM Ltd Company 29. Jan 19 31. May 19 30,429,435 A$2.26 A$66,082,645
09. Apr 19 Buy FIL Limited Company 15. Feb 19 04. Apr 19 3,674,319 A$2.27 A$0
02. Apr 19 Sell Paradice Investment Management Pty Ltd. Company 07. Mar 19 29. Mar 19 -3,123,576 A$2.22 A$-6,931,574
02. Apr 19 Buy Paradice Investment Management Pty Ltd. Company 08. Mar 19 08. Mar 19 7,684 A$2.21 A$16,989
25. Mar 19 Buy Mark Chellew Individual 21. Mar 19 21. Mar 19 29,000 A$2.11 A$61,175
19. Mar 19 Buy Raymond Smith Individual 14. Mar 19 14. Mar 19 10,000 A$2.14 A$21,400
06. Mar 19 Sell Paradice Investment Management Pty Ltd. Company 19. Sep 18 27. Feb 19 -17,939,435 A$2.09 A$-37,490,153
06. Mar 19 Buy Paradice Investment Management Pty Ltd. Company 06. Sep 18 01. Feb 19 1,817,662 A$1.68 A$3,059,904
18. Feb 19 Buy FIL Limited Company 21. Feb 18 14. Feb 19 23,124,734 A$2.18 A$50,515,980
29. Jan 19 Sell AustralianSuper Pty. Ltd. Company 21. Jan 19 23. Jan 19 -2,967,388 A$1.86 A$-5,430,490
29. Jan 19 Buy AustralianSuper Pty. Ltd. Company 21. Jan 19 21. Jan 19 3,450 A$1.87 A$6,452
22. Jan 19 Sell AustralianSuper Pty. Ltd. Company 17. Jan 19 17. Jan 19 -2,000 A$1.83 A$-3,660
22. Jan 19 Buy AustralianSuper Pty. Ltd. Company 04. Jan 19 17. Jan 19 1,197,238 A$1.83 A$0
07. Jan 19 Sell AustralianSuper Pty. Ltd. Company 19. Dec 18 03. Jan 19 -24,668 A$1.72 A$-42,429
07. Jan 19 Buy AustralianSuper Pty. Ltd. Company 18. Dec 18 28. Dec 18 153,139 A$1.75 A$268,240
20. Dec 18 Sell AustralianSuper Pty. Ltd. Company 22. Aug 18 11. Dec 18 -7,051,411 A$1.99 A$-14,047,177
20. Dec 18 Buy AustralianSuper Pty. Ltd. Company 23. Aug 18 07. Dec 18 5,010,481 A$2.02 A$10,119,471
X
Management checks
We assess Cleanaway Waste Management's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cleanaway Waste Management has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Cleanaway Waste Management Limited (ASX:CWY) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

With a reasonable payout ratio, profits being reinvested, and some earnings growth, Cleanaway Waste Management could have strong prospects for future increases to the dividend. … Cleanaway Waste Management has delivered 20% dividend growth per year on average over the past five years. … The Bottom Line Has Cleanaway Waste Management got what it takes to maintain its dividend payments?

Simply Wall St -

Is Cleanaway Waste Management Limited's (ASX:CWY) Future Growth Already Accounted For In Today's Price?

Cleanaway Waste Management Limited (ASX:CWY) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of A$2.07 is based on unrealistic expectations. … This tells us that Cleanaway Waste Management is overvalued compared to the AU market average ratio of 16.81x , and overvalued based on current earnings compared to the Commercial Services industry average of 23.95x. … So, when we include the growth factor in our analysis, Cleanaway Waste Management appears overvalued , based on the fundamentals.

Simply Wall St -

Cleanaway Waste Management Limited (ASX:CWY): Immense Growth Potential?

As Cleanaway Waste Management Limited (ASX:CWY) released its earnings announcement on 30 June 2019, analysts seem cautiously optimistic, as a 28% increase in profits is expected in the upcoming year, though this is noticeably lower than the historical 5-year average earnings growth of 68%. … In this article, I've outline a few earnings growth rates to give you a sense of the market sentiment for Cleanaway Waste Management in the longer term. … View our latest analysis for Cleanaway Waste Management What can we expect from Cleanaway Waste Management in the longer term?

Simply Wall St -

Does This Valuation Of Cleanaway Waste Management Limited (ASX:CWY) Imply Investors Are Overpaying?

Today we will run through one way of estimating the intrinsic value of Cleanaway Waste Management Limited (ASX:CWY) by taking the expected future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (A$, Millions) A$105.4m A$168.2m A$183.8m A$196.5m A$207.3m A$216.8m A$225.2m A$232.9m A$240.1m A$246.9m Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Est @ 6.9% Est @ 5.53% Est @ 4.56% Est @ 3.89% Est @ 3.41% Est @ 3.08% Est @ 2.85% Present Value (A$, Millions) Discounted @ 7.22% A$98.3 A$146.3 A$149.1 A$148.7 A$146.3 A$142.7 A$138.3 A$133.4 A$128.2 A$123.0 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= A$1.4b After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … ASX:CWY Intrinsic value, August 5th 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Should We Worry About Cleanaway Waste Management Limited's (ASX:CWY) P/E Ratio?

We'll look at Cleanaway Waste Management Limited's (ASX:CWY) P/E ratio and reflect on what it tells us about the company's share price. … Check out our latest analysis for Cleanaway Waste Management How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Cleanaway Waste Management: P/E of 41.08 = A$2.41 ÷ A$0.059 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good?

Simply Wall St -

Cleanaway Waste Management (ASX:CWY) Shareholders Have Enjoyed An Impressive 181% Share Price Gain

For example, the Cleanaway Waste Management Limited (ASX:CWY) share price has soared 181% in the last three years. … During three years of share price growth, Cleanaway Waste Management achieved compound earnings per share growth of 29% per year. … As it happens, Cleanaway Waste Management's TSR for the last 3 years was 200%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Should Cleanaway Waste Management Limited (ASX:CWY) Focus On Improving This Fundamental Metric?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Cleanaway Waste Management: 4.7% = AU$119m ÷ AU$2.5b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Cleanaway Waste Management Have A Good Return On Equity? … Combining Cleanaway Waste Management's Debt And Its 4.7% Return On Equity Although Cleanaway Waste Management does use debt, its debt to equity ratio of 0.28 is still low.

Simply Wall St -

Is Cleanaway Waste Management Limited (ASX:CWY) Undervalued After Accounting For Its Future Growth?

Looking at Cleanaway Waste Management Limited’s (ASX:CWY) fundamentals some investors are wondering if its last closing price of A$2.26 represents a good value for money for this high growth stock. … However, to properly examine the value of a high-growth stock such as Cleanaway Waste Management, we must reflect its earnings growth into the valuation. … This means that, when we account for Cleanaway Waste Management's growth, the stock can be viewed as overvalued , based on fundamental analysis.

Simply Wall St -

Cleanaway Waste Management Limited (ASX:CWY): Will The Growth Last?

Help shape the future of investing tools and you could win a $250 gift card! … Looking at Cleanaway Waste Management Limited's (ASX:CWY) earnings update in December 2018, … the higher past 5-year average growth rate of 70%.

Simply Wall St -

Estimating The Intrinsic Value Of Cleanaway Waste Management Limited (ASX:CWY)

In this article we are going to estimate the intrinsic value of Cleanaway Waste Management Limited (ASX:CWY). … by taking the expected future cash flows and discounting them to their present value. … View our latest analysis for Cleanaway Waste Management

Simply Wall St -

Company Info

Description

Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia. It operates through three segments: Solid Waste Services, Industrial & Waste Services, and Liquid Waste & Health Services. The company offers commercial and industrial, municipal, and residential collection services for various types of solid waste streams, including general waste, recyclables, construction, and demolition waste, as well as medical and washroom services. It owns and manages waste transfer stations, resource recovery and recycling facilities, secure product destruction, quarantine treatment operations, and landfills; sale of recovered paper, cardboard, metals, and plastics; and collection, treatment, processing, and recycling of liquid and hazardous waste, including industrial waste, grease trap waste, oily waters, and used mineral and cooking oils in packaged and bulk forms. In addition, the company offers industrial solutions comprising industrial cleaning, vacuum tanker loading, site remediation, sludge management, parts washing, concrete remediation, CCTV, corrosion protection, and emergency response services. Further, it refines and recycles used mineral oils to produce fuel oils and base oils; generates and sells electricity produced utilizing landfill gas; and provides health and biohazardous waste, organic waste, e-waste recycling, industrial construction and cleaning, and equipment cleaning services, as well as spill kits. The company was formerly known as Transpacific Industries Group Ltd. and changed its name to Cleanaway Waste Management Limited in February 2016. Cleanaway Waste Management Limited was incorporated in 2002 and is headquartered in Melbourne, Australia.

Details
Name: Cleanaway Waste Management Limited
CWY
Exchange: ASX
Founded: 2002
A$3,897,694,067
2,051,417,930
Website: http://www.cleanaway.com.au
Address: Cleanaway Waste Management Limited
441 St Kilda Road,
Level 4,
Melbourne,
Victoria, 3004,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX CWY Ordinary Shares Australian Securities Exchange AU AUD 03. May 2005
OTCPK TSPC.F Ordinary Shares Pink Sheets LLC US USD 03. May 2005
DB TG9 Ordinary Shares Deutsche Boerse AG DE EUR 03. May 2005
CHIA CWY Ordinary Shares Chi-X Australia AU AUD 03. May 2005
CHIA CWY Ordinary Shares Chi-X Australia AU AUD 03. May 2005
Number of employees
Current staff
Staff numbers
0
Cleanaway Waste Management employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:33
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/03
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.