Cleanaway Co., Ltd.

Cleanaway Co., Ltd.

TTWSE:8422
26.05
TWD
-0.05
(-0.19%)
1.03EPS
23.44P/E
37.87BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.15
1.95
2.53
2.87
2.56
3.12
2.49
2.46
2.78
4.82
3.91
4.72
4.22
4.56
Basic EPS, GAAP
1.15
0.94
1.13
1.32
1.25
1.21
1.08
1.08
1.06
1.23
0.91
1.07
1.29
1.19
Free Cash Flow per Basic Share
0.79
0.59
1.36
1.25
0.99
0.45
0.83
1.65
0.87
-0.97
-3
-1.48
-0.11
-2.52
Dividend per Share
1.2
0.8
0.8
1
1.15
1.1
1
1
1
1
1
1
0.99
- -
Book Value per Share
4.08
4.22
4.55
4.87
4.97
5.08
5.17
5.25
5.31
5.77
5.73
6.21
7.43
7.57
Tangible Book Value per Share
4.08
4.22
4.55
4.87
4.97
5.08
5.17
5.25
5.31
5.77
5.73
6.21
7.41
7.57
Basic Weighted Avg Shares
1,089
1,089
1,089
1,089
1,089
1,089
1,089
1,089
1,089
1,089
1,090
1,096
1,133
1,237
Sales/Revenue/Turnover
2,343
2,128
2,750
3,123
2,785
3,396
2,707
2,681
3,023
5,244
4,265
5,169
4,780
5,645
Operating Margin (%)
60.21
55.79
51.55
53.48
56.68
50.15
52.56
53.96
48.14
31.83
29.55
27.85
40.6
33.67
Depreciation Expense
162
157
187
188
238
358
191
176
187
189
168
364
462
491
Net Income, GAAP
1,248
1,026
1,232
1,441
1,363
1,321
1,179
1,177
1,153
1,343
994
1,172
1,459
1,472
Effective Tax Rate (%)
12.79
15.67
14.58
14.42
14.85
22.99
18.78
21.1
21.39
21.33
22.81
21.05
22.5
22.52
Profit Margin (%)
53.27
48.23
44.8
46.15
48.95
38.89
43.56
43.92
38.15
25.61
23.3
22.68
30.52
26.08
Working Capital
2,547
2,269
2,331
2,972
2,474
1,345
1,325
1,384
1,335
3,347
763
-1,527
2,686
357
LT Debt
- -
- -
- -
- -
- -
200
673
477
453
4,179
5,540
6,336
10,182
7,212
Total Equity
4,438
4,594
4,953
5,300
5,411
5,534
5,670
5,754
6,099
6,601
6,805
7,386
9,518
11,737
Return on Invested Capital (%)
26.86
21.61
24.7
27.06
24.38
22.41
18.32
17.56
16.67
14.26
7.67
7.01
7.7
7.04
Return on Capital (%)
27.94
22.74
25.83
28.13
25.46
23.4
19.44
18.79
17.86
15.46
8.66
8.14
8.45
8.16
Return on Common Equity (%)
27.94
22.73
25.82
28.11
25.46
24.13
21.13
20.76
20.06
22.26
15.85
17.91
19.1
17.89

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
866
2,831
4,412
LT Borrowings
9,119
6,217
6,176
LT Finance Leases
1,063
1,061
1,035
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,137
1,137
1,357
Market Capitalization
35,923
33,422
37,871

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,088
6,590
7,725
Cash, Cash Equivalents & STI
3,376
3,298
4,447
Accounts Receivable, Net
776
1,192
1,128
Inventories
49
49
30
Total Current Liabilities
2,402
4,147
7,368
Payables & Accruals
- -
- -
- -
ST Debt
866
2,831
4,412
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7%
10.94%
28.86%
Free Cash Flow
-9.12%
-38.05%
-92.04%
Net Income, GAAP
2.84%
6.16%
24.46%
Sales/Revenue/Turnover
8.46%
16.25%
-7.53%
Total Cash Common Dividend
- -
- -
2.47%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,280
1,450
1,142
1,297
5,169
2025
1,461
1,269
- -
994
4,780
2026
1,114
2,268
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.25
0.26
0.33
1.07
2025
0.4
0.4
- -
0.25
1.29
2026
0.21
0.34
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
0.99
2026
- -
- -
- -
- -
- -

Company Description

CEO
Yung Fa Yang
Full Time Employees
478
Sector
Industrial services
Industry
Environmental services
Address
No.308, Zhongshan South Road Kaohsiung City KH Taiwan 820
IPO Date
Oct 26, 2010
Business
Cleanaway Company Limited operates primarily as an intermediate treatment solidification company specializing in hazardous industrial waste management. The company offers a comprehensive range of services including intermediate treatment for hazardous industrial waste and pollution, disposal site remediation projects, contaminated and illegal dump site cleanup, landfill operations for hazardous and general industrial waste, and waste removal services. In addition to waste management, Cleanaway manufactures and sells various paper products such as kraft paper, electronic carrier paper, and paper for tubes. It conducts operations across Taiwan, Mainland China, Vietnam, Malaysia, and other international locations. Founded in 1999 and headquartered in Kaohsiung, Taiwan, Cleanaway operates through six segments including Solidification and Excavation, Landfill, Removal, Mainland Business, Investment, and Papermaking. Recent major company developments include strategic expansions through acquisitions and operational enhancements. In 2025, Cleanaway completed a significant acquisition of the Citywide waste and recycling business, a move that bolsters its operational capabilities and strengthens its position in the waste management industry. This acquisition is expected to expand Cleanaway’s service offerings and market reach, solidifying its presence in the sector. The company also maintains strategic partnerships focused on sustainability and innovation, such as involvement in domestic circular plastics supply chains. These developments align with sustained business growth initiatives and reflect Cleanaway’s commitment to environmental solutions leveraging advanced technologies. The company was formerly known as Cleanaway Kang Lien Co Ltd before its name change in 2009. Cleanaway targets industries and municipalities requiring hazardous waste treatment, recycling, and environmental remediation, offering end-to-end solutions. Its services cater to industrial clients requiring waste solidification and excavation, landfill services, and comprehensive pollution control. The firm employs approximately 181 people and maintains a strong financial profile with reported revenues around NT$5.08 billion and net income of NT$1.55 billion in recent fiscal terms. Through a combination of solid waste management, industrial waste treatment, paper product manufacturing, and strategic acquisitions, Cleanaway is positioned as a leading environmental and waste management company in the Asia-Pacific region and beyond.