2334 GMT - Cleanaway Waste Management's yawning discount with U.S. peers should start to narrow, says its bull at Macquarie. Cleanaway trades on an enterprise value-to-Ebit multiple of 14.2X. That is less than 21-25X for key U.S. peers, with Cleanaway weakening while comparable multiples have remained broadly resilient, Macquarie says. "This dispersion has emerged despite solid Cleanaway EPS growth from 2023," says Macquarie. "We see scope for the discount to narrow as earnings growth accelerates and stronger free cash flow improves confidence in the outlook." Its price target falls 1.5% to A$3.30/share. Still, this implies an enterprise value-to-Ebit multiple of 17X. Cleanaway ended Wednesday at A$2.34.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 15, 2026 19:34 ET (23:34 GMT)

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