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

$10.04

24 Jun
2024

-0.270

OPEN

$10.15

-2.62%

HIGH

$10.23

654,925

LOW

$9.95

TARGET
$12.70 26.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BSL . VSL .
FNARENA'S MARKET CONSENSUS FORECASTS
SGM: 1
Title 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: 2.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.39

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

-0.40%

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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SGM STOCK CHART