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: 3.96
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

$10.00

02 Jul
2024

-0.200

OPEN

$10.14

-1.96%

HIGH

$10.17

351,262

LOW

$9.91

TARGET
$12.70 27.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BSL . VSL .
FNARENA'S MARKET CONSENSUS FORECASTS
SGM: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 93.7 - 14.4 xxx
DPS (cps) xxx 35.0 0.0 xxx
EPS Growth xxx - 69.1% N/A xxx
DPS Growth xxx - 61.5% N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 37.4% N/A xxx

Dividend yield today if purchased 3 years ago: 2.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.45

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: 03/10 - ex-div 21c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx93.7
DPS All xxxxxxxxxxxxxxx35.0
Sales/Revenue xxxxxxxxxxxxxxx8,061.1 M
Book Value Per Share xxxxxxxxxxxxxxx1,385.2
Net Operating Cash Flow xxxxxxxxxxxxxxx449.2 M
Net Profit Margin xxxxxxxxxxxxxxx2.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx6.97 %
Return on Invested Capital xxxxxxxxxxxxxxx5.53 %
Return on Assets xxxxxxxxxxxxxxx3.96 %
Return on Equity xxxxxxxxxxxxxxx6.97 %
Return on Total Capital xxxxxxxxxxxxxxx-0.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx95.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx82 M
Long Term Debt xxxxxxxxxxxxxxx723 M
Total Debt xxxxxxxxxxxxxxx805 M
Goodwill - Gross xxxxxxxxxxxxxxx1,579 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx329 M
Price To Book Value xxxxxxxxxxxxxxx1.14

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx232.5 M
Capex % of Sales xxxxxxxxxxxxxxx2.88 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,627 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,456 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx600 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

0.5

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

08/05/2024

5

Underweight

$10.00

0%

Sims reported a meaningful downgrade to 2H24 earnings guidance as the two businesses which had been driving growth, SA Recycling in the US and ANZ stumbled.

Morgan Stanley highlights the poor sentiment in global steel markets is flowing through to weaknes in scrap markets. Management guided to a weaker EBIT for the 2H24 compared to a $13m profit in the 1H24.

Even if the 2H24 EBIT meets the previous half, Morgan Stanley points to a -76% downgrade in forecasts compared to consensus estimates.

While this may mark the bottom of the cycle, and some improvements from North America alongside UK Metal are in train, the broker neverthess downgrades EBIT estimates by -72% for FY24 and -37% for FY25.

Underweight rating retained and the target is lowered to $10 from $12. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -11.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 7.00 cents and EPS of 36.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SGM STOCK CHART

FNArena News on SGM

1
Rudi’s View: Diverging Risks In A Polarised Market

10:00 AM - Rudi's View
2
Treasure Chest: Sims

May 31 2024 - Treasure Chest
3
Australian Broker Call *Extra* Edition – May 20, 2024

May 20 2024 - Daily Market Reports
4
ESG Focus: The Little Big Things – 15-05-2024

May 15 2024 - ESG Focus
5
Rudi’s View: More Positives Than Negatives

May 15 2024 - Rudi's View

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