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Cleanaway Waste Management

DB:TG9
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TG9
DB
A$3B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Cleanaway Waste Management has significant price volatility in the past 3 months.
TG9 Share Price and Events
7 Day Returns
13.6%
DB:TG9
5.4%
DE Commercial Services
9.9%
DE Market
1 Year Returns
-33.8%
DB:TG9
-31.6%
DE Commercial Services
-17.5%
DE Market
TG9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cleanaway Waste Management (TG9) 13.6% -29.8% -26.4% -33.8% 9.5% 69.7%
DE Commercial Services 5.4% -21.4% -33.5% -31.6% -33.3% -43.3%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • TG9 underperformed the Commercial Services industry which returned -31.6% over the past year.
  • TG9 underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
TG9
Industry
5yr Volatility vs Market

TG9 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.

DB:TG9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:TG9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.607 (1 + (1- 30%) (31.14%))
0.825
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)
= -0.39% + (0.825 * 5.44%)
4.1%

Discounted Cash Flow Calculation for DB:TG9 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.

DB:TG9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 4.1%)
2020 146.97 Analyst x3 141.18
2021 185.83 Analyst x3 171.49
2022 192.35 Analyst x2 170.51
2023 201.00 Analyst x1 171.16
2024 211.00 Analyst x1 172.60
2025 217.04 Est @ 2.86% 170.56
2026 221.14 Est @ 1.89% 166.93
2027 223.81 Est @ 1.2% 162.29
2028 225.43 Est @ 0.73% 157.04
2029 226.31 Est @ 0.39% 151.44
Present value of next 10 years cash flows A$1,635.00
DB:TG9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$226.31 × (1 + -0.39%) ÷ (4.1% – -0.39%)
A$5,021.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$5,021.88 ÷ (1 + 4.1%)10
A$3,360.47
DB:TG9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1,635.00 + A$3,360.47
A$4,995.47
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$4,995.47 / 2,051.42
A$2.44
DB:TG9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TG9 represents 0.54277x of ASX:CWY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.54277x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 2.44 x 0.54277
€1.32
Value per share (EUR) From above. €1.32
Current discount Discount to share price of €0.92
= -1 x (€0.92 - €1.32) / €1.32
30.4%

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

Current Discount
Amount off the current price Cleanaway Waste Management is available for.
Intrinsic value
30%
Share price is €0.92 vs Future cash flow value of €1.32
Current Discount Checks
For Cleanaway Waste Management to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cleanaway Waste Management's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cleanaway Waste Management's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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
DB:TG9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.05
ASX:CWY Share Price ** ASX (2020-03-31) in AUD A$1.7
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 95.54x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of Cleanaway Waste Management.

DB:TG9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.7 ÷ 0.05

31.93x

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

  • Cleanaway Waste Management is good value based on earnings compared to the DE Commercial Services industry average.
  • Cleanaway Waste Management is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Cleanaway Waste Management's expected growth come at a high price?
Raw Data
DB:TG9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
13.5%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 1.06x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:TG9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.93x ÷ 13.5%

2.37x

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
DB:TG9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$1.24
ASX:CWY Share Price * ASX (2020-03-31) in AUD A$1.7
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.48x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:TG9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.7 ÷ 1.24

1.37x

* 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 DE 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 3/6, 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.

TG9 Future Performance

 How is Cleanaway Waste Management expected to perform in the next 1 to 3 years based on estimates from 9 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
13.5%
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 -0.4%.
Growth vs Market Checks
  • Cleanaway Waste Management's earnings growth is positive but not above the Germany market average.
  • Cleanaway Waste Management's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TG9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TG9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 13.5%
DB:TG9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 2.9%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 22%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:TG9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TG9 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 2,607 451 212 2
2023-06-30 2,528 432 192 2
2022-06-30 2,495 428 186 8
2021-06-30 2,402 401 161 9
2020-06-30 2,322 341 133 9
2020-03-31
DB:TG9 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,344 332 109
2019-09-30 2,316 342 116
2019-06-30 2,287 351 123
2019-03-31 2,183 317 121
2018-12-31 2,079 284 119
2018-09-30 1,897 253 111
2018-06-30 1,715 221 104
2018-03-31 1,616 212 97
2017-12-31 1,517 203 90
2017-09-30 1,486 196 81
2017-06-30 1,454 190 73
2017-03-31 1,444 201 61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cleanaway Waste Management's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Cleanaway Waste Management's revenue is expected to grow by 2.9% 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
DB:TG9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Cleanaway Waste Management Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TG9 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 1.00
2022-06-30 0.09 0.10 0.08 4.00
2021-06-30 0.09 0.09 0.08 4.00
2020-06-30 0.07 0.07 0.07 3.00
2020-03-31
DB:TG9 Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.05
2019-09-30 0.06
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

*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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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 1/6, 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.

TG9 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 negative, it can't be compared to the 5-year average.
  • Cleanaway Waste Management's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TG9 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,344.30 108.60
2019-09-30 2,315.60 115.85
2019-06-30 2,286.90 123.10
2019-03-31 2,182.80 121.15
2018-12-31 2,078.70 119.20
2018-09-30 1,896.75 111.35
2018-06-30 1,714.80 103.50
2018-03-31 1,615.90 96.50
2017-12-31 1,517.00 89.50
2017-09-30 1,485.70 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

*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 more efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • Cleanaway Waste Management has 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 3/6, 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.

TG9 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's short term (1 year) commitments are greater than 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 3 months ago.

DB:TG9 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,540.00 646.40 37.80
2019-09-30 2,540.00 646.40 37.80
2019-06-30 2,582.80 580.30 56.20
2019-03-31 2,582.80 580.30 56.20
2018-12-31 2,526.20 587.40 44.90
2018-09-30 2,526.20 587.40 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
  • Cleanaway Waste Management's level of debt (25.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.3% vs 25.4% today).
  • Debt is well covered by operating cash flow (51.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 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 3/6, 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.

TG9 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
2.36%
Current annual income from Cleanaway Waste Management dividends. Estimated to be 2.65% next year.
If you bought €2,000 of Cleanaway Waste Management shares you are expected to receive €47 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 higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Cleanaway Waste Management's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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
DB:TG9 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 9 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:TG9 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2024-06-30 0.06 2.00
2023-06-30 0.05 2.00
2022-06-30 0.05 9.00
2021-06-30 0.04 10.00
2020-06-30 0.04 10.00
2020-03-31
DB:TG9 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-18 0.040 2.034
2019-08-14 0.038 1.900
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

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 6 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 (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x 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 0.9%) - 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 3/6, see the detailed checks below.


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

TG9 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 4.6 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 higher than average for companies of similar size in Germany.
Management Team Tenure

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

5.4
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
4.6 yrs

Brendan Gill

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

Frank Sufferini

TITLE
Head of Investor Relations & Corporate Affairs
TENURE
8.4 yrs

Dan Last

TITLE
General Counsel & Company Secretary
TENURE
6 yrs

Johanna Birgersson

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

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

6.4
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
3.4 yrs

Vik Bansal

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

Ray Smith

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

Mike Harding

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

Emma Stein

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

Terry Sinclair

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

Philippe Etienne

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

Sam Hogg

TITLE
Independent Non-Executive Director
AGE
52
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
06. Sep 19 Sell Colonial First State Investments Limited Company 07. Jun 19 04. Sep 19 -15,167,520 €1.26 €-19,104,153
06. Sep 19 Buy Colonial First State Investments Limited Company 12. Jun 19 04. Sep 19 8,481,228 €1.33 €11,253,374
27. Feb 20 Sell Dimensional Fund Advisors L.P. Company 27. Apr 15 12. Feb 20 -719,764 €1.59 €-1,142,230
27. Feb 20 Buy Dimensional Fund Advisors L.P. Company 21. Jun 19 23. Oct 19 84,849 €1.53 €128,967
07. Nov 19 Buy Richard Harding Individual 04. Nov 19 04. Nov 19 13,587 €1.15 €15,683
30. Oct 19 Buy Philippe Etienne Individual 28. Oct 19 28. Oct 19 44,959 €1.08 €48,763
30. Oct 19 Buy Emma Stein Individual 29. Oct 19 29. Oct 19 12,120 €1.12 €13,627
30. Oct 19 Buy Mark Chellew Individual 29. Oct 19 29. Oct 19 17,000 €1.11 €18,851
30. Oct 19 Buy Raymond Smith Individual 28. Oct 19 28. Oct 19 20,000 €1.14 €22,741
06. Sep 19 Buy ASB Group Investments Ltd. Company 28. Aug 19 30. Aug 19 95,874 €1.27 €121,467
06. Sep 19 Sell First Sentier Investors (Australia) IM Ltd Company 04. Jun 19 26. Jul 19 -3,397,901 €1.47 €-4,926,092
06. Sep 19 Buy First Sentier Investors (Australia) IM Ltd Company 03. Jun 19 30. Aug 19 8,638,460 €1.48 €12,073,603
29. Aug 19 Sell FIL Limited Company 30. Apr 19 27. Aug 19 -95,536,881 €1.39 €-133,148,982
29. Aug 19 Buy FIL Limited Company 08. Apr 19 20. Aug 19 9,057,775 €1.51 €13,696,927
09. Aug 19 Sell Cooper Investors Pty Limited Company 15. May 18 08. Aug 19 -53,254,692 €1.49 €-72,751,569
09. Aug 19 Buy Cooper Investors Pty Limited Company 14. Sep 18 10. May 19 12,076,813 €1.40 €15,385,760
01. Jul 19 Sell Marathon Asset Management, LLP Company 20. Sep 18 28. Jun 19 -108,506 €0.99 €-107,631
03. Jun 19 Buy First Sentier Investors Realindex Pty. Ltd. Company 30. Jan 19 20. May 19 203,819 €1.34 €272,890
03. Jun 19 Buy ASB Group Investments Ltd. Company 04. Feb 19 06. May 19 104,050 €1.22 €126,983
03. Jun 19 Buy First Sentier Investors (Australia) IM Ltd Company 29. Jan 19 31. May 19 30,429,435 €1.41 €41,094,372
09. Apr 19 Buy FIL Limited Company 15. Feb 19 04. Apr 19 3,674,319 €1.44 €0
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.

TG9 News

Simply Wall St News

TG9 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
TG9
Exchange: DB
Founded: 2002
A$1,941,113,788
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
BRSE TG9 Ordinary Shares Berne Stock Exchange CH CHF 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
5,900
Cleanaway Waste Management employees.
Industry
Environmental and Facilities Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:51
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/29
Last earnings filing: 2020/02/18
Last earnings reported: 2019/12/31
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.