Sims Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals in Australia, Bangladesh, China, Turkey, the United States, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$13.60|
|52 Week High||AU$7.50|
|52 Week Low||AU$18.28|
|1 Month Change||-8.05%|
|3 Month Change||-18.07%|
|1 Year Change||69.58%|
|3 Year Change||10.66%|
|5 Year Change||43.46%|
|Change since IPO||413.21%|
Recent News & Updates
|SGM||AU Metals and Mining||AU Market|
Return vs Industry: SGM exceeded the Australian Metals and Mining industry which returned 12.3% over the past year.
Return vs Market: SGM exceeded the Australian Market which returned 25.3% over the past year.
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
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 Fundamentals Summary
|SGM fundamental statistics|
Is SGM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SGM income statement (TTM)|
|Cost of Revenue||AU$5.07b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.15|
|Net Profit Margin||3.87%|
How did SGM perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Does SGM pay a reliable dividends?See SGM dividend history and benchmarks
|Sims dividend dates|
|Ex Dividend Date||Oct 05 2021|
|Dividend Pay Date||Oct 20 2021|
|Days until Ex dividend||7 days|
|Days until Dividend pay date||22 days|
Does SGM pay a reliable dividends?See SGM dividend history and benchmarks
Is Sims undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SGM (A$13.6) is trading above our estimate of fair value (A$11.59)
Significantly Below Fair Value: SGM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SGM is poor value based on its PE Ratio (11.8x) compared to the Australian Metals and Mining industry average (11.7x).
PE vs Market: SGM is good value based on its PE Ratio (11.8x) compared to the Australian market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: SGM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SGM is good value based on its PB Ratio (1.3x) compared to the AU Metals and Mining industry average (2.6x).
How is Sims forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGM's earnings are forecast to decline over the next 3 years (-16.8% per year).
Earnings vs Market: SGM's earnings are forecast to decline over the next 3 years (-16.8% per year).
High Growth Earnings: SGM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SGM's revenue (0.9% per year) is forecast to grow slower than the Australian market (5.7% per year).
High Growth Revenue: SGM's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SGM's Return on Equity is forecast to be low in 3 years time (7.4%).
How has Sims performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGM has high quality earnings.
Growing Profit Margin: SGM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SGM has become profitable over the past 5 years, growing earnings by -16.1% per year.
Accelerating Growth: SGM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SGM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (44.4%).
Return on Equity
High ROE: SGM's Return on Equity (10.8%) is considered low.
How is Sims's financial position?
Financial Position Analysis
Short Term Liabilities: SGM's short term assets (A$1.5B) exceed its short term liabilities (A$850.7M).
Long Term Liabilities: SGM's short term assets (A$1.5B) exceed its long term liabilities (A$778.0M).
Debt to Equity History and Analysis
Debt Level: SGM's debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: SGM had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SGM's debt is well covered by operating cash flow (55.8%).
Interest Coverage: SGM's interest payments on its debt are well covered by EBIT (7.9x coverage).
What is Sims's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SGM's dividend (4.41%) is higher than the bottom 25% of dividend payers in the Australian market (2.31%).
High Dividend: SGM's dividend (4.41%) is low compared to the top 25% of dividend payers in the Australian market (5.45%).
Stability and Growth of Payments
Stable Dividend: SGM's dividend payments have been volatile in the past 10 years.
Growing Dividend: SGM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.8%), SGM's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SGM's dividends in 3 years are forecast to be well covered by earnings (37.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alistair Field (57 yo)
Mr. Alistair Field, (NHD) Mech Eng, MBA, has been Group Chief Executive Officer and Managing Director at Sims Limited (formerly, Sims Metal Management Limited) since August 3, 2017 and served as its Group...
CEO Compensation Analysis
Compensation vs Market: Alistair's total compensation ($USD5.72M) is above average for companies of similar size in the Australian market ($USD1.33M).
Compensation vs Earnings: Alistair's compensation has been consistent with company performance over the past year.
Experienced Management: SGM's management team is considered experienced (3.7 years average tenure).
Experienced Board: SGM's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sims Limited's employee growth, exchange listings and data sources
- Name: Sims Limited
- Ticker: SGM
- Exchange: ASX
- Founded: 1917
- Industry: Steel
- Sector: Materials
- Market Cap: AU$2.713b
- Shares outstanding: 199.49m
- Website: https://www.simsmm.com
Number of Employees
- Sims Limited
- 189 O’Riordan Street
- Level 9
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 15:36|
|End of Day Share Price||2021/09/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.