Cleanaway Waste Management Limited

ASX:CWY Stock Report

Market Cap: AU$6.1b

Cleanaway Waste Management Valuation

Is CWY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CWY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CWY (A$2.67) is trading below our estimate of fair value (A$3.16)

Significantly Below Fair Value: CWY is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CWY?

Key metric: As CWY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CWY. This is calculated by dividing CWY's market cap by their current earnings.
What is CWY's PE Ratio?
PE Ratio38x
EarningsAU$156.60m
Market CapAU$6.09b

Price to Earnings Ratio vs Peers

How does CWY's PE Ratio compare to its peers?

The above table shows the PE ratio for CWY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average55.9x
SPZ Smart Parking
80.7x29.9%AU$313.4m
DOW Downer EDI
64.7x22.0%AU$3.7b
ARA Ariadne Australia
67.2xn/aAU$103.6m
CLG Close the Loop
11.2x14.7%AU$119.7m
CWY Cleanaway Waste Management
38x16.0%AU$6.1b

Price-To-Earnings vs Peers: CWY is good value based on its Price-To-Earnings Ratio (38x) compared to the peer average (57x).

Price to Earnings Ratio vs Industry

How does CWY's PE Ratio compare vs other companies in the Global Commercial Services Industry?

18 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CWY 38.0xIndustry Avg. 17.5xNo. of Companies77PE01224364860+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CWY is expensive based on its Price-To-Earnings Ratio (38x) compared to the Global Commercial Services industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is CWY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CWY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: CWY is expensive based on its Price-To-Earnings Ratio (38x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CWY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.67
AU$3.09
+15.9%
10.2%AU$3.40AU$2.30n/a14
Dec ’25AU$2.88
AU$3.09
+7.4%
10.2%AU$3.40AU$2.30n/a14
Nov ’25AU$2.70
AU$3.09
+14.4%
10.6%AU$3.40AU$2.30n/a13
Oct ’25AU$2.90
AU$3.08
+6.1%
10.2%AU$3.40AU$2.30n/a14
Sep ’25AU$2.88
AU$3.04
+5.5%
11.1%AU$3.40AU$2.30n/a15
Aug ’25AU$2.81
AU$2.89
+3.0%
10.4%AU$3.20AU$2.30n/a15
Jul ’25AU$2.75
AU$2.88
+4.9%
10.4%AU$3.20AU$2.30n/a15
Jun ’25AU$2.79
AU$2.88
+3.2%
10.3%AU$3.20AU$2.30n/a15
May ’25AU$2.67
AU$2.80
+4.9%
10.7%AU$3.20AU$2.20n/a15
Apr ’25AU$2.72
AU$2.80
+2.9%
10.7%AU$3.20AU$2.20n/a15
Mar ’25AU$2.60
AU$2.78
+6.9%
10.7%AU$3.20AU$2.20n/a14
Feb ’25AU$2.62
AU$2.74
+4.6%
10.9%AU$3.20AU$2.20n/a13
Jan ’25AU$2.69
AU$2.74
+1.9%
10.7%AU$3.20AU$2.20n/a13
Dec ’24AU$2.47
AU$2.72
+9.9%
11.0%AU$3.20AU$2.20AU$2.8814
Nov ’24AU$2.29
AU$2.72
+18.6%
11.0%AU$3.20AU$2.20AU$2.7014
Oct ’24AU$2.43
AU$2.75
+13.3%
10.6%AU$3.20AU$2.20AU$2.9014
Sep ’24AU$2.64
AU$2.74
+3.7%
10.6%AU$3.20AU$2.20AU$2.8815
Aug ’24AU$2.76
AU$2.77
+0.5%
11.8%AU$3.20AU$2.20AU$2.8115
Jul ’24AU$2.59
AU$2.78
+7.3%
11.5%AU$3.20AU$2.20AU$2.7515
Jun ’24AU$2.63
AU$2.80
+6.4%
11.2%AU$3.20AU$2.20AU$2.7915
May ’24AU$2.42
AU$2.83
+16.9%
10.7%AU$3.20AU$2.20AU$2.6714
Apr ’24AU$2.38
AU$2.82
+18.5%
10.8%AU$3.20AU$2.20AU$2.7214
Mar ’24AU$2.61
AU$2.84
+8.8%
9.0%AU$3.20AU$2.20AU$2.6016
Feb ’24AU$2.74
AU$2.89
+5.5%
9.3%AU$3.37AU$2.30AU$2.6216
Jan ’24AU$2.63
AU$2.86
+8.7%
8.9%AU$3.37AU$2.30AU$2.6915
Dec ’23AU$2.77
AU$2.86
+3.2%
8.9%AU$3.37AU$2.30AU$2.4715

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 12:31
End of Day Share Price 2024/12/19 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Cleanaway Waste Management Limited is covered by 23 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew RyanBarrenjoey Markets Pty Limited
Sam BrandwoodBell Potter
Reinhardt WaltBofA Global Research