Cleanaway Waste Management Ltd (CWY) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Cleanaway Waste Management Ltd stock A$1.25, price A$3.01, that is 58.4% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Cleanaway Waste Management Ltd
CWY · AUOur calculation puts a fair price 58% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range A$2.09 – A$3.01 · fair‑value band A$1.16 – A$1.44 · the A$3.01 price screens above the A$1.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia.
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It engages in the collection, recovery, and disposal of solid waste, including putrescible waste, inert waste, household waste and recovered waste processed through the resource recovery and recycling facilities, transfer stations, and landfills; and provision of safe treatment and disposal of health-related waste services, including sharps management, medical and pharmaceutical waste, and healthcare hazardous waste and quarantine waste to the health sector.
The company also collects, treats, processes, refines, recycles, and destructs hazardous and non-hazardous liquids, hydrocarbons and chemical waste, specialized product destruction, and hazardous waste; and offers various services, such as vacuum loading, high pressure cleaning, pipeline maintenance, and non-destructive digging to the resources, oil and gas, infrastructure, and industrial markets.
In addition, it offers commercial and industrial, municipal, and residential collection services, including general waste, recyclables, construction, and demolition waste, as well as medical and washroom services; owns and manages waste transfer stations, resource recovery and recycling facilities, secure product destruction, quarantine treatment operations and landfills; and sells recovered paper, cardboard, metals, and plastics.
Further, the company collects, treats, processes, and recycles industrial waste, grease trap waste, oily water, and used mineral and cooking oils; provides industrial cleaning, vacuum tanker loading, site remediation, sludge management, parts washing, and high pressure cleaning services; refines and recycles used mineral oils to produce fuel and base oils; and generates and sells electricity.
Cleanaway Waste Management Limited was incorporated in 2002 and is headquartered in Melbourne, Australia.
Stock analysis
Cleanaway Waste Management Ltd (CWY) currently trades at A$3.01, while our model-based Fair Value estimate is A$1.25, 58% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of A$2.36 per share, and 4 of the 24 models we run sit above the A$3.01 price.
Bear case: the Earnings-Based group reads lowest at A$0.4800, and 20 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: A$1.16 (bear) to A$1.44 (bull), the price of A$3.01 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cleanaway Waste Management Ltd reported revenue of A$4.3B in FY2026 versus A$3.0B in FY2022, a compound +9.7%/yr. Reported net income was A$98.5M in FY2026, compounding +5.7%/yr from FY2022.
Key figures
Market cap A$6.8B (≈ $4.7B) Mid · P/E ratio 75.3 · P/S ratio 1.54 · EPS (TTM) A$0.0400 · Dividend yield 2.2% · Net margin 2.2% · Return on equity 3.2% · Return on assets (EBIT) 3.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades at its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −9% fair-value upside, at −58%, CWY screens richer than that median.
Fair Value models
All 24 models by family
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
CWY screens overvalued: fair value 58% below the price. Compare with Waste Management, Inc →
Earlier news
- Cleanaway (ASX:CWY) Shares May Be Fully Valued As Takeover Terms Loom
- EQT agrees to acquire Cleanaway, a leading Australian integrated waste management and resource recovery platform
- Australia’s Cleanaway agrees to $6.5 bln EQT buyout bid; shares surge
- Cleanaway Waste Management Ltd's Dividend Analysis
Compare Cleanaway Waste Management Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Waste Management · 155 stocks
Valuation Multiplesvs Waste Management median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Industrials
- Valuation of the Australia market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Waste Management stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Zhejiang Weiming Environment Protection Co 603568 | ¥13.05 | ¥20.95 | +61% | vs CWY |
| Waste Management, Inc WM | $236.26 | $259.89 | +10% | vs CWY |
| Waste Connections, Inc WCN | $189.07 | $199.18 | +5% | vs CWY |
| Fomento de Construcciones y Contratas, S.A FCC | €10.42 | €9.99 | −4% | vs CWY |
| GEM Co 002340 | ¥5.81 | ¥5.27 | −9% | vs CWY |
| GFL Environmental Inc GFL | $46.32 | $34.54 | −25% | vs CWY |
| Veolia Environnement SA VIE | €33.78 | €20.39 | −40% | vs CWY |
| Clean Harbors, Inc CLH | $284.10 | $155.54 | −45% | vs CWY |
| Republic Services, Inc RSG | $246.85 | $129.29 | −48% | vs CWY |
| Casella Waste Systems, Inc CWST | $98.21 | $14.30 | −85% | vs CWY |
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Frequently asked questions
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Key figures of Cleanaway Waste Management Ltd
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