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Cleanaway Waste Management Ltd CWY

Rating as of

Morningstar’s Analysis

Valuation
Currency in AUD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Transfer of Analyst Coverage on Cleanaway; Market Looking Beyond Wasteful Start to Fiscal 2022

Brian Han Director

Analyst Note

| Brian Han |

We maintain our no-moat rating and AUD 2.10 per share fair value estimate for Cleanaway Waste Management, following a transfer of analyst coverage. Our medium fair value uncertainty and Exemplary capital allocation ratings are also intact.

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Company Profile

Business Description

Cleanaway Waste Management is Australia’s largest waste management business with a national footprint spanning collection, midstream waste processing, treatment and valorisation, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection markets.

Contact
441 St Kilda Road, Level 4
Melbourne, VIC, 3004, Australia
T +61 383975100
Sector Industrials
Industry Waste Management
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 5,900