Cleanaway Waste Management Ltd
CWY: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$4.40 | Mcqxb | Yrsbghtsn |
Cleanaway Earnings: No Surprises; on Course to Achieve Full-Year Guidance
Profit has improved materially at no-moat-rated Cleanaway. First-half fiscal 2024 underlying EBIT grew 26% to AUD 174 million versus the previous corresponding period to meet our expectations. New business and price increases were tailwinds. The EBIT margin also improved to 11%, up 160 basis points on the PCP. This reflects efficiency and operating cost improvements, such using data and analytics to optimize truck routes, and workforce management.