SIMS LIMITED (SGM)
Share Price Analysis and Chart

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SGM - SIMS LIMITED

FNArena Sector : Steel & Scrap
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 42.86
Index: ASX200 | ASX300 | ALL-ORDS

Sims Ltd is an Australian metals, waste and electronics recycling company operating in over fifteen countries worldwide. The company was established in 1917 and its current listing was in 2005 after restructuring.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.50

20 Nov
2024

-0.220

OPEN

$12.65

-1.73%

HIGH

$12.75

199,511

LOW

$12.37

TARGET
$13.19 5.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BSL . VSL .
FNARENA'S MARKET CONSENSUS FORECASTS
SGM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 29.9 49.6 xxx
DPS (cps) xxx 10.0 23.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 71.4% 100.0% xxx
PE Ratio xxx N/A 25.1 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx N/A 46.4% xxx

Dividend yield today if purchased 3 years ago: 0.66%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.80

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/10 - ex-div 10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-29.9
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx7,195.4 M
Book Value Per Share xxxxxxxxxxxxxxx1,328.1
Net Operating Cash Flow xxxxxxxxxxxxxxx202.5 M
Net Profit Margin xxxxxxxxxxxxxxx0.03 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx0.07 %
Return on Invested Capital xxxxxxxxxxxxxxx0.05 %
Return on Assets xxxxxxxxxxxxxxx0.04 %
Return on Equity xxxxxxxxxxxxxxx0.07 %
Return on Total Capital xxxxxxxxxxxxxxx-6.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-52.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx74 M
Long Term Debt xxxxxxxxxxxxxxx711 M
Total Debt xxxxxxxxxxxxxxx784 M
Goodwill - Gross xxxxxxxxxxxxxxx1,665 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx114 M
Price To Book Value xxxxxxxxxxxxxxx0.78

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx214.6 M
Capex % of Sales xxxxxxxxxxxxxxx2.98 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,160 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,248 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx585 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

16/10/2024

5

Underweight

$11.50

-8.00%

Morgan Stanley believes the current valuation ascribed to Sims is too high at 28 times FY25 prospective earnings despite an improvement in prices.

The broker lifts earnings forecasts to account for the trading update and closure of the UK divestment. FY25 EBIT lifts 22%, EPS by 34%, with a rise of 22% in FY26 EBIT and 35% increase in EPS estimates.

The increases are not viewed as sustainable given the volatility in earnings from a historical basis.

Underweight rating unchanged. Target price $11.50. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 17.00 cents and EPS of 46.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 32.00 cents and EPS of 90.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

26/08/2024

3

Neutral

$11.40

-8.80%

Sims posted FY24 results which were better than Goldman Sachs expected because of a robust second half performance from the Australian business that offset a loss from North American metals.

The broker notes Turkey scrap imports are well below prior years and higher Chinese steel exports are out-competing ferrous scrap in Asia.

The broker raises earnings estimates by 6% in FY25 but lowers FY26 by -5%. Neutral maintained. Target is raised to $11.40 from $11.10.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 15.00 cents and EPS of 61.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 55.00 cents and EPS of 137.00 cents.
Access Extra Coverage Research History >

SGM STOCK CHART

FNArena News on SGM

1
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 10, 2024

Oct 10 2024 - Daily Market Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-09-24

Sep 27 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Sep 23, 2024

Sep 23 2024 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 20-09-24

Sep 23 2024 - Weekly Reports

Latest Steel & Scrap News

1
Treasure Chest: Sims

May 31 2024 - Treasure Chest
2
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
3
Short Term Pain Continues For Sims

Sep 14 2023 - Australia
4
ESG Focus: Green Steel Innovation On Fire

Jun 22 2023 - ESG Focus
5
ESG Focus: Green Steel Rolling In

Jun 15 2023 - ESG Focus
6
BlueScope Steel Undervalued?

Nov 21 2022 - Australia
7
BlueScope Steel Committed To Emissions Targets

Sep 28 2022 - ESG Focus
8
BlueScope Steel Transforms US Operations

Apr 13 2022 - Australia
9
Sims Shines In The Scrap Yard

Feb 16 2022 - Australia
10
Positive Trends Should Galvanise Sims

Nov 11 2021 - Australia