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CW

Cleanaway Waste Management Limited

CWY.AXIndustrialsASX

Waste Management

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Financials · Annual
Revenue
$3.79B
+2.4% YoY
Net Income
$156.9M
+0.2% YoY
EBITDA
$707.9M
+2.9% YoY
Free Cash Flow
$109.3M

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About Cleanaway Waste Management Limited

Cleanaway Waste Management Limited provides waste management, industrial, and environmental services in Australia. The company carries a $5.17B market cap, placing it firmly in the mid-cap category. 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.

Key stats
Market Cap$5.17B
P/E (TTM)46.10
Fwd P/E19.26
EPS$0.05
Beta0.53
52W Change-16.2%
Dividend Yield2.81%
ROE4.0%
Analysis

On the balance sheet, CWY.AX has $102.3M in cash with $2.41B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $109.2M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 4.0% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.0% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $2.97B (2022) to $3.79B (2025), reflecting a 28% increase over the period.

The relatively low beta of 0.53 suggests CWY.AX is a less volatile holding compared to the broader index. Cleanaway Waste Management Limited carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. No single metric tells the full story. Reviewing CWY.AX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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