Cleanaway Co Ltd
TWSE:8422

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Cleanaway Co Ltd
TWSE:8422
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Price: 29.05 TWD -3.33% Market Closed
Market Cap: NT$33B

EV/EBIT

20.8
Current
84%
Cheaper
vs 3-y average of 132.9

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.8
=
Enterprise Value
NT$41.4B
/
EBIT
NT$1.9B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.8
=
Enterprise Value
NT$41.4B
/
EBIT
NT$1.9B

Valuation Scenarios

Cleanaway Co Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (132.9), the stock would be worth NT$185.39 (538% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-13%
Maximum Upside
+538%
Average Upside
261%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 20.8 NT$29.05
0%
3-Year Average 132.9 NT$185.39
+538%
5-Year Average 128.6 NT$179.36
+517%
Industry Average 18.1 NT$25.22
-13%
Country Average 20.9 NT$29.1
+0%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
NT$41.4B
/
Jan 2026
NT$1.9B
=
20.8
Current
NT$41.4B
/
Dec 2026
NT$1.4B
=
28.8
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
TW
Cleanaway Co Ltd
TWSE:8422
33B TWD 20.8 22.6
US
Waste Management Inc
NYSE:WM
93.8B USD 25.1 34.6
US
Republic Services Inc
NYSE:RSG
65.9B USD 23.7 30.8
CA
Waste Connections Inc
TSX:WCN
54.3B CAD 25.9 37.6
US
Rollins Inc
NYSE:ROL
27.4B USD 38.3 52.1
US
Veralto Corp
NYSE:VLTO
22.1B USD 17 23.5
UK
Rentokil Initial PLC
LSE:RTO
12.5B GBP 23.5 26.5
US
Clean Harbors Inc
NYSE:CLH
16.4B USD 26.4 41.3
CA
GFL Environmental Inc
TSX:GFL
19.4B CAD 67.5 5.1
CN
Spic Yuanda Environmental Protection Co Ltd
SSE:600292
69.3B CNY 975.4 19 123.8
US
Tetra Tech Inc
NASDAQ:TTEK
8.2B USD 14.2 23.3

Market Distribution

In line with most companies in Taiwan
Percentile
50th
Based on 671 companies
50th percentile
20.8
Low
0.2 — 14.9
Typical Range
14.9 — 30.2
High
30.2 —
Distribution Statistics
Taiwan
Min 0.2
30th Percentile 14.9
Median 20.9
70th Percentile 30.2
Max 1 677.9

Cleanaway Co Ltd
Glance View

Cleanaway Company Limited is a Taiwan-based company which principally engaged in the clearing and processing of hazardous wastes. The Company primarily provides solidification process services of harmful heavy metal contaminated sewage sludge, solidification process services of harmful heavy metal dust in steel industry, solidification process services of harmful heavy metal urban garbage furnace flying ash, solidification and cleaning services of harmful asbestos waste, disposal site cleanup services, soil underwater sewage control services, and excavation services of waste disposal sites. The Company operates its business in Taiwan.

Intrinsic Value
16.06 TWD
Overvaluation 45%
Intrinsic Value
Price NT$29.05
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