Cleanaway has entered into a scheme implementation deed with EQT Infrastructure, under which EQT, via Sedum Group, intends to acquire 100% of shares in Cleanaway by way of a scheme of arrangement. Cleanaway's board unanimously recommends the scheme.
Waste collection, particularly municipal waste, is relatively noncyclical, providing steady earnings streams through the cycle.
Given difficulties in building landfills, the firm favors purchasing brownfield assets. However, assets purchased at a premium are unlikely to generate returns in excess of the cost of capital.
|
Metric
|
CWY
|
WCN
|
VIE
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.19 | 165.71 | 18.79 |
Price/Book Value | 2.22 | 5.92 | 3.30 |
Price/Sales | 1.56 | 4.78 | 0.50 |
Price/Cash Flow | 12.68 | 16.86 | 4.54 |
|
Metric
|
CWY
|
WCN
|
VIE
|
|---|---|---|---|
Quick Ratio | 0.73 | 0.56 | 0.74 |
Current Ratio | 0.85 | 0.67 | 0.82 |
Interest Coverage | 1.85 | 5.00 | 3.54 |
|
Metric
|
CWY
|
WCN
|
VIE
|
|---|---|---|---|
Return on Assets (Normalized) | 3.20% | 6.72% | 2.63% |
Return on Equity (Normalized) | 7.37% | 17.73% | 27.03% |
Return on Invested Capital (Normalized) | 6.41% | 9.74% | 7.42% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Waste Management Inc
WM
| LOCK|g&#%&B$ | LOCK|?r% | $96B | |||
| Republic Services Inc
RSG
| LOCK|N$&SbW | LOCK|$F | $74B | |||
| Waste Connections Inc
WCN
| LOCK|L<@?@#L | LOCK|@Yx | $47B | |||
| Veolia Environnement SA
VEOEF
| — | LOCK|fmqL | $27B | |||
| Veolia Environnement SA ADR
VEOEY
| LOCK|sz&D!%D | LOCK|KkW^ | $27B | |||
| GFL Environmental Inc
GFL
| — | LOCK|q<&< | $20B | |||
| Clean Harbors Inc
CLH
| LOCK|?dM?dlS | LOCK|Y!^ | $17B | |||
| Casella Waste Systems Inc Class A
CWST
| — | LOCK|XGmt^ | $6B | |||
| Cleanaway Waste Management Ltd
TSPCF
| — | LOCK|PB | $5B | |||
| Umicore SA ADR
UMICY
| — | LOCK|?# | $5B |
United States