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Cleanaway Waste Management

ASX:CWY
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CWY
ASX
A$5B
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 67 days ago. More info.


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CWY Share Price and Events
7 Day Returns
-0.9%
ASX:CWY
-0.1%
AU Commercial Services
-0%
AU Market
1 Year Returns
46.8%
ASX:CWY
14.3%
AU Commercial Services
4.9%
AU Market
CWY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cleanaway Waste Management (CWY) -0.9% 2.7% 22.2% 46.8% 187.9% 97.4%
AU Commercial Services -0.1% 0.7% 7.9% 14.3% 17.3% 38.1%
AU Market -0% 1.4% 6.5% 4.9% 18.2% 4.8%
1 Year Return vs Industry and Market
  • CWY outperformed the Commercial Services industry which returned 14.3% over the past year.
  • CWY outperformed the Market in Australia which returned 4.9% 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 7.5%
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 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 30%) (15.35%))
0.875
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.875 * 5.96%)
7.53%

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.

ASX:CWY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 7.53%)
2019 119.65 Analyst x2 111.27
2020 123.70 Analyst x2 106.99
2021 145.10 Analyst x2 116.71
2022 183.80 Analyst x1 137.48
2023 204.30 Est @ 11.15% 142.12
2024 221.67 Est @ 8.5% 143.40
2025 236.39 Est @ 6.64% 142.22
2026 249.03 Est @ 5.34% 139.34
2027 260.07 Est @ 4.43% 135.33
2028 269.95 Est @ 3.8% 130.63
Present value of next 10 years cash flows A$1,305.49
ASX:CWY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= A$269.95 × (1 + 2.31%) ÷ (7.53% – 2.31%)
A$5,294.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$5,294.67 ÷ (1 + 7.53%)10
A$2,562.16
ASX:CWY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$1,305.49 + A$2,562.16
A$3,867.65
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$3,867.65 / 2,044.51
A$1.89
ASX:CWY Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$1.89
Current discount Discount to share price of A$2.26
= -1 x (A$2.26 - A$1.89) / A$1.89
-19.5%

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 (2018-12-31) in AUD A$0.06
ASX:CWY Share Price ** ASX (2019-04-18) in AUD A$2.26
Australia Commercial Services Industry PE Ratio Median Figure of 15 Publicly-Listed Commercial Services Companies 22.15x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.14x

* 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)

= 2.26 ÷ 0.06

38.52x

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 38.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
16.1%per year
Australia Commercial Services Industry PEG Ratio Median Figure of 11 Publicly-Listed Commercial Services Companies 1.32x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.35x

*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

= 38.52x ÷ 16.1%

2.39x

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 (2018-12-31) in AUD A$1.24
ASX:CWY Share Price * ASX (2019-04-18) in AUD A$2.26
Australia Commercial Services Industry PB Ratio Median Figure of 27 Publicly-Listed Commercial Services Companies 3.05x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:CWY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.26 ÷ 1.24

1.83x

* 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
16.1%
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 expected to exceed 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 16.1%
ASX:CWY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.5%
Australia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 8.6%
Australia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*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
ASX:CWY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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
2023-06-30 2,750 510 233 2
2022-06-30 2,570 467 214 3
2021-06-30 2,507 423 186 7
2020-06-30 2,413 375 154 7
2019-06-30 2,308 344 126 7
ASX:CWY Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,079 284 119
2018-09-30 1,896 253 111
2018-06-30 1,714 221 104
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
2016-06-30 1,455 191 45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cleanaway Waste Management's earnings are expected to grow by 16.1% yearly, however this is not considered high growth (20% yearly).
  • Cleanaway Waste Management's revenue is expected to grow by 4.5% 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 (3 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 3 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
2023-06-30 0.11 0.12 0.11 2.00
2022-06-30 0.11 0.11 0.10 2.00
2021-06-30 0.09 0.10 0.08 6.00
2020-06-30 0.08 0.09 0.07 5.00
2019-06-30 0.06 0.07 0.06 5.00
ASX:CWY Past Financials Data
Date (Data in AUD Millions) EPS *
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
2016-06-30 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 3/6, 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 (33.2% vs 70.3%)
  • Cleanaway Waste Management's earnings growth has exceeded the AU Commercial Services industry average in the past year (33.2% vs 13.5%).
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.

ASX:CWY Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,078.50 119.20
2018-09-30 1,896.40 111.35
2018-06-30 1,714.30 103.50
2018-03-31 1,614.85 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
2012-09-30 2,106.15 8.30 84.10
2012-06-30 2,283.80 12.50 88.90

*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 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.

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 0.7x 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.

ASX:CWY Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,526.20 709.30 44.90
2018-09-30 2,526.20 709.30 44.90
2018-06-30 2,488.10 725.20 52.00
2018-03-31 2,488.10 725.20 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 1,099.30 76.20
2013-03-31 2,007.30 1,099.30 76.20
2012-12-31 2,196.50 1,130.80 30.90
2012-09-30 2,196.50 1,130.80 30.90
2012-06-30 2,151.30 1,211.40 77.90
  • Cleanaway Waste Management's level of debt (28.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (37.3% vs 28.1% today).
  • Debt is well covered by operating cash flow (40%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x 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
1.46%
Current annual income from Cleanaway Waste Management dividends. Estimated to be 2.06% next year.
If you bought A$2,000 of Cleanaway Waste Management shares you are expected to receive A$29 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 (2.52%).
  • Cleanaway Waste Management's dividend is below the markets top 25% of dividend payers in Australia (5.81%).
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 13 Stocks 2.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

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$) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.06 2.00
2022-06-30 0.06 3.00
2021-06-30 0.05 7.00
2020-06-30 0.04 7.00
2019-06-30 0.04 7.00
ASX:CWY Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.033 1.507
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 >

  • Cleanaway Waste Management is not paying a notable dividend for Australia, therefore no need to check if the payments are stable.
  • Cleanaway Waste Management is not paying a notable dividend for Australia, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Cleanaway Waste Management's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Cleanaway Waste Management's dividends as it is not paying a notable one for Australia.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x 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 1.6%) - 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 1/6, 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$4,342,416
TENURE AS CEO 3.7 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 increased by more than 20% in the past year.
  • Vik's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

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

4.6
Average Tenure
  • The tenure for the Cleanaway Waste Management management team is about average.
Management Team

Vik Bansal

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

Brendan Gill

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

Frank Sufferini

TITLE
Head of Investor Relations & Corporate Affairs
TENURE
7.5 yrs

Dan Last

TITLE
General Counsel & Company Secretary
TENURE
5.1 yrs

Johanna Birgersson

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

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

6.1
Average Tenure
63
Average Age
  • The tenure for the Cleanaway Waste Management board of directors is about average.
Board of Directors

Mark Chellew

TITLE
Chairman
COMPENSATION
A$308K
AGE
61
TENURE
2.6 yrs

Vik Bansal

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

Ray Smith

TITLE
Independent Non-Executive Director
COMPENSATION
A$169K
AGE
71
TENURE
8 yrs

Mike Harding

TITLE
Independent Non-Executive Director
COMPENSATION
A$159K
AGE
69
TENURE
6.1 yrs

Philippe Etienne

TITLE
Independent Non-Executive Director
COMPENSATION
A$159K
AGE
63
TENURE
4.9 yrs

Emma Stein

TITLE
Independent Non-Executive Director
COMPENSATION
A$147K
AGE
57
TENURE
7.7 yrs

Terry Sinclair

TITLE
Independent Non-Executive Director
COMPENSATION
A$147K
TENURE
7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Cleanaway Waste Management insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
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 Sell FIL Limited Company 28. Jun 18 10. Oct 18 -4,028,808 A$1.90 A$-7,651,496
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
20. Sep 18 Buy Marathon Asset Management, LLP Company 01. Jun 18 19. Sep 18 2,099,029 A$1.95 A$4,102,551
06. Sep 18 Sell Paradice Investment Management Pty Ltd. Company 28. Feb 18 04. Sep 18 -8,357,039 A$1.63 A$-13,600,471
06. Sep 18 Buy Paradice Investment Management Pty Ltd. Company 22. Feb 18 04. Sep 18 30,746,939 A$1.73 A$53,084,329
04. Sep 18 Buy Raymond Smith Individual 31. Aug 18 31. Aug 18 10,000 A$1.91 A$19,100
29. Aug 18 Buy Emma Stein Individual 27. Aug 18 27. Aug 18 10,389 A$1.91 A$19,843
28. Aug 18 Buy Mark Chellew Individual 24. Aug 18 24. Aug 18 15,000 A$1.93 A$28,914
03. Jun 18 Sell Marathon Asset Management, LLP Company 20. Mar 18 31. May 18 -1,831,492 A$1.70 A$-3,114,453
15. May 18 Buy Cooper Investors Pty Limited Company 28. Nov 13 11. May 18 65,602,991 A$1.60 A$79,723,466
01. May 18 Sell AustralianSuper Pty Ltd Company 06. Apr 18 30. Apr 18 -2,107,230 A$1.60 A$-3,217,083
01. May 18 Buy AustralianSuper Pty Ltd Company 10. Apr 18 27. Apr 18 1,250,105 A$1.56 A$1,859,314
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

Does Cleanaway Waste Management (ASX:CWY) Deserve A Spot On Your Watchlist?

In contrast to all that, I prefer to spend time on companies like Cleanaway Waste Management (ASX:CWY), which has not only revenues, but also profits. … How Fast Is Cleanaway Waste Management Growing. … Impressively, Cleanaway Waste Management has grown EPS by 29% per year, compound, in the last three years.

Simply Wall St -

Cleanaway Waste Management Limited's (ASX:CWY) Earnings Grew 33%, Did It Beat Long-Term Trend?

After looking at Cleanaway Waste Management Limited's (ASX:CWY) latest earnings announcement (31 December 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for Cleanaway Waste Management. … How CWY fared against its long-term earnings performance and its industry

Simply Wall St -

Is Cleanaway Waste Management Limited's (ASX:CWY) High P/E Ratio A Problem For Investors?

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. … Cleanaway Waste Management has a P/E ratio of 36.65, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

The Cleanaway Waste Management (ASX:CWY) Share Price Is Up 170% And Shareholders Are Boasting About It

To wit, the Cleanaway Waste Management Limited (ASX:CWY) share price has flown 170% in the last three years. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, Cleanaway Waste Management achieved compound earnings per share growth of 29% per year.

Simply Wall St -

Is Cleanaway Waste Management Limited (ASX:CWY) Struggling With Its 5.0% Return On Capital Employed?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

One Factor To Consider Before Investing In Cleanaway Waste Management Limited (ASX:CWY)

I will take you through Cleanaway Waste Management’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Is Cleanaway Waste Management generating enough cash. … Cleanaway Waste Management generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating

Simply Wall St -

Does Cleanaway Waste Management Limited's (ASX:CWY) CEO Pay Compare Well With Peers?

Vik Bansal became the CEO of Cleanaway Waste Management Limited (ASX:CWY) in 2015. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Vik Bansal's Compensation Compare With Similar Sized Companies?

Simply Wall St -

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

Since Cleanaway Waste Management Limited (ASX:CWY) released its earnings in June 2018,. … the consensus outlook from analysts appear somewhat bearish, … the higher past 5-year average growth rate of 66%

Simply Wall St -

Is Cleanaway Waste Management Limited's (ASX:CWY) Stock Available For A Good Price After Accounting For Growth?

Cleanaway Waste Management Limited (ASX:CWY) is considered a high growth stock. … Check out our latest analysis for Cleanaway Waste Management? … If you are bullish about Cleanaway Waste Management's growth potential then you are certainly not alone

Simply Wall St -

What Are Analysts Saying About Cleanaway Waste Management Limited's (ASX:CWY) Earnings Trajectory?

Cleanaway Waste Management Limited's (ASX:CWY) most recent earnings announcement in June 2018a

Simply Wall St -

Company Info

Description

Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia. Its Solids segment offers collection services for various types of solid waste streams, including general waste, recyclables, and construction and demolition waste; medical and washroom services; resource recovery and recycling facilities; and commodities trading, secure product destruction, and quarantine treatment services. This segment also owns and manages waste transfer stations and landfills, including generation and sale of electricity produced utilizing landfill gas. The company’s Liquid Waste and Industrial Services segment collects, treats, processes, refines, and recycles liquid and hazardous waste for disposal or re-sale. This segment also offers plant and asset maintenance capabilities, high pressure cleaning, vacuum loading, hydro excavation/non-destructive digging, site remediation, sludge management, concrete remediation, CCTV, corrosion protection, and emergency response services. Its Toxfree segment provides solid waste management, bulk liquid waste management, resource recovery and recycling, and landfill management services; and hazardous and chemical waste, household hazardous waste, persistent organic pollutant management, industrial wastewater, contaminated site remediation, e-waste recycling, gas destruction, environmental services compliance, and waste tracking and reporting services. This segment also offers high pressure cleaning, pipeline commissioning and servicing, tank cleaning, vacuum loading, non-destructive digging, industrial coatings, chemical cleaning, and emergency response services; and sharps management, medical and pharmaceutical waste, and healthcare hazardous and quarantine waste services. 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 is headquartered in Melbourne, Australia.

Details
Name: Cleanaway Waste Management Limited
CWY
Exchange: ASX
Founded:
A$4,620,586,703
2,044,507,391
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
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: 2019/04/21 10:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


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.