Sims (ASX:SGM) - Stock Price, News & Analysis

SGM Stock Overview

Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally.

SGM fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	1/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 32.2% below our estimate of its fair value

Earnings are forecast to grow 9.84% per year

Risk Analysis

Large one-off items impacting financial results

Profit margins (2.2%) are lower than last year (6.5%)

Shareholders have been diluted in the past year

Sims Limited Competitors

Deterra Royalties

ASX:DRR

AU$2.5b

Coronado Global Resources

ASX:CRN

AU$3.1b

Champion Iron

ASX:CIA

AU$3.2b

Vulcan Steel

ASX:VSL

AU$986.9m

Price History & Performance

Summary of all time highs, changes and price drops for Sims
Historical stock prices
Current Share Price	AU$13.09
52 Week High	AU$17.09
52 Week Low	AU$10.97
Beta	1.26
1 Month Change	-14.39%
3 Month Change	-16.62%
1 Year Change	-2.82%
3 Year Change	60.81%
5 Year Change	8.99%
Change since IPO	393.96%

Sims' (ASX:SGM) Shareholders Will Receive A Smaller Dividend Than Last Year

Sep 28

Recent updates

There's Been No Shortage Of Growth Recently For Sims' (ASX:SGM) Returns On Capital

Dec 16

Here's Why Sims (ASX:SGM) Can Manage Its Debt Responsibly

Nov 29

If EPS Growth Is Important To You, Sims (ASX:SGM) Presents An Opportunity

Nov 08

Sims' (ASX:SGM) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 02

Sims' (ASX:SGM) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 18

Sims (ASX:SGM) Might Have The Makings Of A Multi-Bagger

Jul 19

Are Investors Undervaluing Sims Limited (ASX:SGM) By 48%?

May 18

Returns On Capital Are Showing Encouraging Signs At Sims (ASX:SGM)

Apr 12

An Intrinsic Calculation For Sims Limited (ASX:SGM) Suggests It's 42% Undervalued

Feb 02

Returns Are Gaining Momentum At Sims (ASX:SGM)

Jan 11

Is There An Opportunity With Sims Limited's (ASX:SGM) 33% Undervaluation?

Oct 17

Sims (ASX:SGM) Seems To Use Debt Quite Sensibly

Sep 27

There's Been No Shortage Of Growth Recently For Sims' (ASX:SGM) Returns On Capital

Sep 06

Health Check: How Prudently Does Sims (ASX:SGM) Use Debt?

Mar 19

Insider Buying: Thomas Gorman Just Spent AU$52k On Sims Limited (ASX:SGM) Shares

Feb 25

What Is The Ownership Structure Like For Sims Limited (ASX:SGM)?

Feb 07

Are Sims Limited (ASX:SGM) Investors Paying Above The Intrinsic Value?

Jan 11

How Is Sims' (ASX:SGM) CEO Paid Relative To Peers?

Dec 14

Did You Participate In Any Of Sims' (ASX:SGM) Respectable 84% Return?

Nov 23

Shareholder Returns

	SGM	AU Metals and Mining	AU Market
7D	-3.2%	0.5%	-0.6%
1Y	-2.8%	9.9%	7.7%

Return vs Industry: SGM underperformed the Australian Metals and Mining industry which returned 9.9% over the past year.

Return vs Market: SGM underperformed the Australian Market which returned 7.7% over the past year.

Price Volatility

Is SGM's price volatile compared to industry and market?
SGM volatility
SGM Average Weekly Movement	4.7%
Metals and Mining Industry Average Movement	10.7%
Market Average Movement	8.4%
10% most volatile stocks in AU Market	15.8%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: SGM is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SGM's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1917	4,306	Alistair Field	https://www.simsmm.com

Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally. The company operates through six segments: North America Metals, Investment in SA Recycling, Australia/New Zealand Metals, UK Metals, Global Trading, and Sims Lifecycle Services. It is involved in the collection, processing, and trading of iron and steel secondary raw materials; and other metal alloys and residues, principally aluminum, lead, copper, zinc, and nickel bearing materials.

Sims Limited Fundamentals Summary

How do Sims's earnings and revenue compare to its market cap?
SGM fundamental statistics
Market Cap	AU$2.59b
Earnings (TTM)	AU$181.10m
Revenue (TTM)	AU$8.08b

13.9x

P/E Ratio

0.3x

P/S Ratio

Is SGM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SGM income statement (TTM)
Revenue	AU$8.08b
Cost of Revenue	AU$7.24b
Gross Profit	AU$844.30m
Other Expenses	AU$663.20m
Earnings	AU$181.10m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.94
Gross Margin	10.44%
Net Profit Margin	2.24%
Debt/Equity Ratio	16.7%

How did SGM perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

37%

Payout Ratio

Does SGM pay a reliable dividends?

See SGM dividend history and benchmarks

When do you need to buy SGM by to receive an upcoming dividend?
Sims dividend dates
Ex Dividend Date	Oct 03 2023
Dividend Pay Date	Oct 18 2023
Days until Ex dividend	0 days
Days until Dividend pay date	15 days

Does SGM pay a reliable dividends?

See SGM dividend history and benchmarks

SGM Stock Overview

Rewards

Risk Analysis

Sims Limited Competitors

ASX:DRR

AU$2.5b

ASX:CRN

AU$3.1b

ASX:CIA

AU$3.2b

ASX:VSL

AU$986.9m

Price History & Performance

Recent News & Updates

Sims' (ASX:SGM) Shareholders Will Receive A Smaller Dividend Than Last Year

Sims Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 18 October 2023

Upcoming dividend of AU$0.21 per share at 2.6% yield

Pacific Equity Partners entered into an agreement to acquire 50% stake in LMS ENERGY Pty Ltd from Sims Limited (ASX:SGM).

Price target decreased by 7.3% to AU$14.72

Consensus EPS estimates fall by 17%

Recent updates

Sims' (ASX:SGM) Shareholders Will Receive A Smaller Dividend Than Last Year

Sims Limited Declares Final Dividend for the Year Ended 30 June 2023, Payable on 18 October 2023

Upcoming dividend of AU$0.21 per share at 2.6% yield

Pacific Equity Partners entered into an agreement to acquire 50% stake in LMS ENERGY Pty Ltd from Sims Limited (ASX:SGM).

Price target decreased by 7.3% to AU$14.72

Consensus EPS estimates fall by 17%

These 4 Measures Indicate That Sims (ASX:SGM) Is Using Debt Extensively

Consensus EPS estimates fall by 10%

Sims' (ASX:SGM) Dividend Is Being Reduced To A$0.21

Sims Limited (ASX:SGM) agreed to acquire Assets of Baltimore Scrap Corporation for $177 million.

New minor risk - Earnings quality

Sims Limited (ASX:SGM) agreed to acquire Assets of Baltimore Scrap Corporation for $177 million.

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: AU$0.94 (vs AU$3.03 in FY 2022)

Sims (ASX:SGM) Will Want To Turn Around Its Return Trends

Sims Limited Announces Executive Changes, Effective October 1 2023

Sims Limited, Annual General Meeting, Nov 01, 2023

Do Sims' (ASX:SGM) Earnings Warrant Your Attention?

Sims Limited to Report Fiscal Year 2023 Results on Aug 15, 2023

Sims (ASX:SGM) Might Be Having Difficulty Using Its Capital Effectively

Does Sims (ASX:SGM) Have A Healthy Balance Sheet?

Calculating The Fair Value Of Sims Limited (ASX:SGM)

Upcoming dividend of AU$0.14 per share at 6.5% yield

First half 2023 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 13%

Sims Limited Announces Distribution for the Period of Six Months Ended December 31, 2022, Payable on March 22, 2023

Consensus EPS estimates increase by 12%

Sims Limited to Report First Half, 2023 Results on Feb 14, 2023

Sims Limited Announces Retirement of Heather Ridout as Non-Executive Director

There's Been No Shortage Of Growth Recently For Sims' (ASX:SGM) Returns On Capital

Here's Why Sims (ASX:SGM) Can Manage Its Debt Responsibly

Consensus EPS estimates fall by 14%

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 48%

Consensus EPS estimates fall by 24%

Now 23% undervalued after recent price drop

If EPS Growth Is Important To You, Sims (ASX:SGM) Presents An Opportunity

Group CEO exercised options to buy AU$369k worth of stock.

Upcoming dividend of AU$0.50 per share

Group CEO exercised options to buy AU$3.0m worth of stock.

Sims' (ASX:SGM) Shareholders Will Receive A Bigger Dividend Than Last Year

Sims Limited Appoints Philip Bainbridge to Board of Directors

Sims' (ASX:SGM) Shareholders Will Receive A Bigger Dividend Than Last Year

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Sims Limited Declares Final Dividend, Payable on October 19, 2022

Price target decreased to AU$17.80

Sims (ASX:SGM) Might Have The Makings Of A Multi-Bagger

Sims Limited Appoints Robert Thompson as Global Chief Commercial Officer

Investor sentiment deteriorated over the past week

Sims Limited Announces Class Action Settlement

Sims Limited, Annual General Meeting, Nov 09, 2022

Are Investors Undervaluing Sims Limited (ASX:SGM) By 48%?

Returns On Capital Are Showing Encouraging Signs At Sims (ASX:SGM)

Price target increased to AU$21.24

Now 22% undervalued

Upcoming dividend of AU$0.41 per share

Investor sentiment improved over the past week

First half 2022 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 21%