SIMS LIMITED (SGM)
Share Price Analysis and Chart

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SGM

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

$14.78

05 May
2025

-0.070

OPEN

$15.09

-0.47%

HIGH

$15.09

189,460

LOW

$14.70

TARGET
$13.92 -5.8% downside
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 46.1 xxx
DPS (cps) xxx 10.0 21.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 71.4% 100.0% xxx
PE Ratio xxx N/A 32.2 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx N/A 47.2% xxx

Dividend yield today if purchased 3 years ago: 0.53%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.67

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 © 2025 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

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

26/02/2025

3

Neutral

$14.50

-1.89%

UBS highlights Sims' 1H25 earnings beat, driven by stronger North America Metals margins despite a slight volume decline. The broker notes the business is prioritising unprocessed scrap over dealer scrap, supporting profitability.

The broker notes tariff risks remain uncertain, with potential US steel and aluminium tariffs from March, but scrap is not yet included. Cost-cutting of -$77m since FY24 is nearly complete, with -$35m remaining in 2H25.

UBS expects 2H25 EBIT to require a strong 4Q, given a weak January and February. The $72m EBIT needed in 4Q aligns with past upswings but carries risk.

The broker raises the price target to $14.50 from $13.60. Neutral rating retained.

FORECAST
UBS forecasts a full year FY25 dividend of 16.00 cents and EPS of 49.00 cents.
UBS forecasts a full year FY26 dividend of 30.00 cents and EPS of 84.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$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

04/03/2025

3

Neutral

$14.80

0.14%

Sims's reported 1H25 underlying earnings (EBITDA) of $202m was in line with Goldman Sachs' expectations. Scrap trading margins improved 3% year-on-year, offsetting a -4% decline in sales volumes.

Management offered no 2H25 guidance, but Sims expects a similar supply-demand balance.

Inflationary costs have stabilised, though labour expenses increased to 40% of total costs. Portfolio optimisation continues, with potential divestments, including the high-growth Sims Lifecycle Services business.

The broker lowers FY25-27 earnings (EBITDA) forecasts by -10%/-11%/-6%, reducing the 12-month target price to $14.80 from $15.50. Neutral.

FORECAST
Goldman Sachs forecasts a full year FY25 EPS of 76.00 cents.
Goldman Sachs forecasts a full year FY26 EPS of 148.00 cents.
Access Extra Coverage Research History >

SGM STOCK CHART

FNArena News on SGM

1
Australian Broker Call *Extra* Edition – May 06, 2025

11:45 AM - Daily Market Reports
2
Rudi’s View: Share Market Scenarios & Dilemmas

Apr 09 2025 - Rudi's View
3
Sims Has Further Room To Run

Mar 25 2025 - Technicals
4
ESG Focus: Fund Flows, Tariffs, Defence & AI

Mar 20 2025 - ESG Focus
5
Australian Broker Call *Extra* Edition – Mar 05, 2025

Mar 05 2025 - Daily Market Reports

Latest Steel & Scrap News

1
Sims Has Further Room To Run

Mar 25 2025 - Technicals
2
Treasure Chest: Sims

May 31 2024 - Treasure Chest
3
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
4
Short Term Pain Continues For Sims

Sep 14 2023 - Australia
5
ESG Focus: Green Steel Innovation On Fire

Jun 22 2023 - ESG Focus
6
ESG Focus: Green Steel Rolling In

Jun 15 2023 - ESG Focus
7
BlueScope Steel Undervalued?

Nov 21 2022 - Australia
8
BlueScope Steel Committed To Emissions Targets

Sep 28 2022 - ESG Focus
9
BlueScope Steel Transforms US Operations

Apr 13 2022 - Australia
10
Sims Shines In The Scrap Yard

Feb 16 2022 - Australia