Cleanaway reports EBIT up 14.20 percent. Cleanaway stock closed at AUD 2.99 on October 23, 2026.
Published on 10/24/2026 at 18:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEBIT, valuation and price
- Cleanaway reported underlying EBIT of AUD 470.20 million for fiscal 2026, up 14.20 percent.
- Fiscal 2027 underlying EBIT guidance stands at AUD 500.00-530.00 million.
- Cleanaway stock closed at AUD 2.99 on October 23, 2026, down 0.33 percent on the ASX.
- The stock traded at 68.26 times earnings and had an AUD 6.7 billion market capitalization on October 23, 2026.
Cleanaway (AU000000CWY3) delivered underlying EBIT of AUD 470.20 million in fiscal 2026, an increase of 14.20 percent from the prior year. The Motley Fool Australia reported the result on October 22, 2026. Cleanaway stock closed at AUD 2.99 on October 23, 2026, down 0.33 percent from the AUD 3.00 prior close on the ASX.
Underlying earnings set the benchmark
Fiscal 2026 net revenue rose 13.10 percent to AUD 3.74 billion, while underlying EBITDA increased 12.80 percent to AUD 892.60 million. Underlying free cash flow climbed 63.70 percent to AUD 213.80 million from AUD 130.60 million in fiscal 2025, although the result included a AUD 40.20 million benefit from changes to fleet payment terms.
Statutory net profit after tax fell 37.20 percent to AUD 98.50 million in fiscal 2026, while underlying net profit after tax rose 13.60 percent to AUD 223.10 million. The contrast makes the underlying EBIT figure more useful for judging operating performance, but it also highlights the effect of significant and non-recurring items.
Stock sits below its yearly high
Cleanaway traded within an AUD 2.14 to AUD 3.01 52-week range on the October 23, 2026 market data. Its AUD 2.99 close was AUD 0.02 below the high and AUD 0.85 above the low. Trading volume reached 19,025,884 shares, giving the price move a clear market reference.
Guidance and valuation matter
Management retained fiscal 2027 underlying EBIT guidance of AUD 500.00 million to AUD 530.00 million. Against the fiscal 2026 result of AUD 470.20 million, the range implies growth of 6.34 percent to 12.72 percent if achieved. The guidance is a forward-looking company target, not a reported result.
Markets Insider reported on October 20, 2026 that Jefferies analyst Amit Kanwatia downgraded Cleanaway to Hold and set an AUD 3.10 price target, while Morgans set an AUD 2.95 target. The targets frame the stock against its AUD 2.99 ASX close, but neither target changes the company guidance.
Comparison with peers
Cleanaway: down 0.33 percent, P/E 68.26, market capitalization AUD 6.7 billion on October 23, 2026.
Waste Management: up 0.12 percent, P/E 33.91, market capitalization USD 95.7 billion on October 23, 2026.
Republic Services: down 0.60 percent, P/E 34.06, market capitalization USD 73.6 billion on October 23, 2026.
What matters for the next valuation step
Cleanaway's operating figures improved in fiscal 2026, but the statutory earnings decline and the wide fiscal 2027 guidance range leave execution as the central valuation variable. The October 23 close of AUD 2.99 placed the stock AUD 0.02 below its 52-week high and 3.55 percent below the Jefferies target of AUD 3.10.
The last available ASX closing price was AUD 2.99 on October 23, 2026 at the close of trading.
Market context: Market report S&P/ASX 200.
