Skip to Content

Cleanaway Waste Management Ltd CWY

Rating as of

Morningstar’s Analysis

Currency in AUD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Swift Economic Rebound Delivers a Rosy Fiscal 2022 Outlook for Cleanaway’s New CEO; FVE Increased 3%

Grant Slade, CFA Senior Equity Analyst

Analyst Note

| Grant Slade, CFA |

With the Australian economy staging a robust recovery from the coronavirus shock, Cleanaway’s newly announced CEO, Mark Schubert, is set to take the reins at an opportune time. We’d previously anticipated a sombre recovery in Cleanaway’s waste volumes would take hold in fiscal 2022, following a fiscal 2021 where waste generation has been hampered by the pandemic. However, with the Australian economy’s performance in recent quarters outpacing our prior expectations, a marked recovery in waste generation is likely underway economy-wide.

Read Full Analysis

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.

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, 2021
Stock Type
Employees 5,900

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.