Morningstar raises fair value for Cleanaway stock to AUD 2.95

Published on 10/20/2026 at 21:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgans downgraded Cleanaway to Hold on October 19, 2026. Cleanaway stock costs EUR 1.85 on October 20, 2026 at 9:10 p.m. CEST.

Analyst value and key dates

Morningstar raised Cleanaway's fair value to AUD 2.95 on October 20, 2026.
Morgans downgraded Cleanaway to Hold on October 19, 2026.
Cleanaway stock costs EUR 1.85 at Lang & Schwarz on October 20, 2026 at 9:10 p.m. CEST.
Implementation of the proposed transaction is targeted for March 2027.

Cleanaway, AU000000CWY3, Illustration mit AI erstellt.

Cleanaway stock's latest valuation signal came from Morningstar on October 20, 2026, which raised its fair value estimate to AUD 2.95 from a 5 percent lower level. The estimate assumes a 75 percent probability that the proposed transaction proceeds, up from 50 percent previously. Cleanaway stock was trading at EUR 1.85 at Lang & Schwarz on October 20, 2026 at 9:10 p.m. CEST.

Morningstar raises value to AUD 2.95

The valuation update gives investors a second measure against the cash consideration of AUD 3.095 per share. Morningstar said the estimate would revert to AUD 2.50 if the transaction did not proceed, while it expects a dividend of AUD 0.15 to AUD 0.19 per share before completion.

Cleanaway sits near its yearly high

On the ASX, Cleanaway last traded at AUD 2.99 on October 20, 2026 at 4:10 p.m. AEDT. The finance data place its 52-week range at AUD 2.14 to AUD 3.00, leaving the stock 0.33 percent below the high. Market capitalization was AUD 6.7 billion and the price-to-earnings ratio was 68.26 on the same date.

What dates shape the transaction?

PR Newswire reported on October 19, 2026 that implementation is expected by the end of March 2027. Morningstar said the scheme booklet is expected in mid-December and the shareholder meeting before the end of February 2027.

Comparison with peers

Cleanaway: price-to-earnings ratio 68.26, market capitalization AUD 6.7 billion, as of October 20, 2026.

Waste Management (NYSE, USD): up 1.93 percent, price-to-earnings ratio 32.74, market capitalization USD 92.2 billion, as of October 20, 2026.

Republic Services (NYSE, USD): up 1.22 percent, price-to-earnings ratio 32.83, market capitalization USD 71.0 billion, as of October 20, 2026.

Morgans turns more cautious

Fool.com reported on October 20, 2026 that Morgans downgraded Cleanaway from Buy to Hold after the proposed transaction reduced the remaining potential return. The same report said the stock could retain interest for income-oriented special situations investors because of a possible special dividend.

Euro quote after hours

The euro quote places Cleanaway at EUR 1.85 after the Xetra session, while the ASX quotation stood at AUD 2.99 on October 20, 2026 at 4:10 p.m. AEDT. The valuation discussion now centers on transaction completion, the potential dividend and the conditions required for approval. The further course of trading is shown by the continuously updated real-time quote of Cleanaway stock.