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Cleanaway Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cleanaway and similar public comparables like China Everbright, TOMRA, Munters Group, Fujian Longking and more.
Cleanaway Overview
About Cleanaway
Cleanaway Waste Management is Australiaβs largest waste management business with a national footprint in the collection and disposal of waste. It is active in municipal and commercial and industrial waste stream segments and in nonhazardous and hazardous liquid and medical waste. While Cleanaway is allocating greater capital to waste processing and treatment, earnings remain skewed toward waste collection. The company is particularly strong in commercial, industrial, and municipal waste collection with strong market share in all large Australian metro waste collection markets.
Founded
2002
HQ

Employees
10.0K
Website
Financials (LTM)
EV
$5B
Cleanaway Financials
Cleanaway reported last 12-month revenue of $3B and EBITDA of $605M.
In the same LTM period, Cleanaway generated $1B in gross profit, $605M in EBITDA, and $156M in net income.
Revenue (LTM)
Cleanaway P&L
In the most recent fiscal year, Cleanaway reported revenue of $3B and EBITDA of $509M.
Cleanaway expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 45% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | $605M | XXX | $509M | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $156M | XXX | $127M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | β | β | $728M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cleanaway Stock Performance
Cleanaway has current market cap of $4B, and enterprise value of $5B.
Market Cap Evolution
Cleanaway's stock price is $1.74.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $4B | -0.3% | XXX | XXX | XXX | $0.06 |
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Start Free TrialCleanaway Valuation Multiples
Cleanaway trades at 1.9x EV/Revenue multiple, and 9.0x EV/EBITDA.
EV / Revenue (LTM)
Cleanaway Financial Valuation Multiples
As of April 8, 2026, Cleanaway has market cap of $4B and EV of $5B.
Equity research analysts estimate Cleanaway's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cleanaway has a P/E ratio of 25.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 9.0x | XXX | 10.7x | XXX | XXX | XXX |
| EV/EBIT | 17.0x | XXX | 20.7x | XXX | XXX | XXX |
| EV/Gross Profit | 4.2x | XXX | 2.1x | XXX | XXX | XXX |
| P/E | 25.1x | XXX | 30.6x | XXX | XXX | XXX |
| EV/FCF | 108.2x | XXX | 51.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cleanaway Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Cleanaway Margins & Growth Rates
Cleanaway's revenue in the last 12 month grew by 9%.
Cleanaway's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Cleanaway's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cleanaway's rule of X is 45% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Cleanaway Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 25% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 45% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 36% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 92% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cleanaway Public Comps
See public comps and valuation multiples for other Waste & Environmental Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| China Everbright | XXX | XXX | XXX | XXX | XXX | XXX |
| TOMRA | XXX | XXX | XXX | XXX | XXX | XXX |
| Munters Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Fujian Longking | XXX | XXX | XXX | XXX | XXX | XXX |
| Umicore | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cleanaway M&A Activity
Cleanaway acquired XXX companies to date.
Last acquisition by Cleanaway was on XXXXXXXX, XXXXX. Cleanaway acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cleanaway
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCleanaway Investment Activity
Cleanaway invested in XXX companies to date.
Cleanaway made its latest investment on XXXXXXXX, XXXXX. Cleanaway invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cleanaway
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Cleanaway
| When was Cleanaway founded? | Cleanaway was founded in 2002. |
| Where is Cleanaway headquartered? | Cleanaway is headquartered in Australia. |
| How many employees does Cleanaway have? | As of today, Cleanaway has over 10K employees. |
| Who is the CEO of Cleanaway? | Cleanaway's CEO is Mark Schubert. |
| Is Cleanaway publicly listed? | Yes, Cleanaway is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Cleanaway? | Cleanaway trades under CWY ticker. |
| When did Cleanaway go public? | Cleanaway went public in 2005. |
| Who are competitors of Cleanaway? | Cleanaway main competitors are China Everbright, TOMRA, Munters Group, Fujian Longking. |
| What is the current market cap of Cleanaway? | Cleanaway's current market cap is $4B. |
| What is the current revenue of Cleanaway? | Cleanaway's last 12 months revenue is $3B. |
| What is the current revenue growth of Cleanaway? | Cleanaway revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Cleanaway? | Current revenue multiple of Cleanaway is 1.9x. |
| Is Cleanaway profitable? | Yes, Cleanaway is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cleanaway? | Cleanaway's last 12 months EBITDA is $605M. |
| What is Cleanaway's EBITDA margin? | Cleanaway's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Cleanaway? | Current EBITDA multiple of Cleanaway is 9.0x. |
| What is the current FCF of Cleanaway? | Cleanaway's last 12 months FCF is $51M. |
| What is Cleanaway's FCF margin? | Cleanaway's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Cleanaway? | Current FCF multiple of Cleanaway is 108.2x. |
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