Cleanaway has concluded the first four-week period of due diligence with potential acquirer EQT Infrastructure. EQT says it wants to proceed with the potential transaction at no less than the indicative offer price of AUD 3.13 per share, less any dividends paid before completion.
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
|
VIE
|
RSG
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.69 | 17.87 | 28.69 |
Price/Book Value | 1.92 | 3.13 | 5.26 |
Price/Sales | 1.35 | 0.47 | 3.80 |
Price/Cash Flow | 10.98 | 4.32 | 13.35 |
|
Metric
|
CWY
|
VIE
|
RSG
|
|---|---|---|---|
Quick Ratio | 0.73 | 0.74 | 0.58 |
Current Ratio | 0.85 | 0.82 | 0.64 |
Interest Coverage | 1.85 | 3.54 | 5.32 |
|
Metric
|
CWY
|
VIE
|
RSG
|
|---|---|---|---|
Return on Assets (Normalized) | 3.20% | 2.63% | 6.53% |
Return on Equity (Normalized) | 7.37% | 27.03% | 18.66% |
Return on Invested Capital (Normalized) | 6.41% | 7.42% | 10.61% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Waste Management Inc
WM
| LOCK|@v$^Tb | LOCK|BxN | $82B | |||
| Republic Services Inc
RSG
| LOCK|m%lRHH | LOCK|#>B | $64B | |||
| Waste Connections Inc
WCN
| LOCK|wN??^B | LOCK|q% | $39B | |||
| Veolia Environnement SA
VEOEF
| — | LOCK|%dfWx | $26B | |||
| Veolia Environnement SA ADR
VEOEY
| LOCK|%@^d^qD | LOCK|!G?WB | $26B | |||
| GFL Environmental Inc
GFL
| — | LOCK|B<^z | $18B | |||
| Clean Harbors Inc
CLH
| LOCK|PRkhd& | LOCK|tMC | $17B | |||
| Umicore SA Ordinary Shares
UMICF
| — | LOCK|@$ | $6B | |||
| Umicore SA ADR
UMICY
| — | LOCK|$!h | $6B | |||
| Casella Waste Systems Inc Class A
CWST
| — | LOCK|v^L% | $5B |
United States