Augean (LON:AUG) is the UK’s leading hazardous waste management business, taking care of difficult to handle leftover materials. This solves a tricky problem for its industrial customers that, given the growing social concern around environmental sustainability, isn’t likely to fade anytime soon. Augean was formed in 2004 and listed on AIM that year with a market cap of £118m. In 2012 it branched out into servicing North Sea oil companies and has been steadily expanding into new areas ever since. Today it has a market cap of around £200m. Revenue has grown steadily over its decade and a half of operations. Augean’s valuation and growth metrics are undemanding, with a forecast PE ratio of 12.4 times, a trailing twelve-month price to free cash flow of 10.8 times and a forecast PEG ratio of 0.7. The share price has been strong over the past year. With a renewed focus on growing, profitable key markets, Augean looks as though it is investing in the right areas to drive growth in the years ahead. The group generates solid return on capital figures. Certainly the…
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