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
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

$13.55

05 Dec
2022

0.030

OPEN

$13.70

0.22%

HIGH

$13.75

446,995

LOW

$13.44

TARGET
$12.667 -6.5% downside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
BSL .
FNARENA'S MARKET CONSENSUS FORECASTS
SGM: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 303.1 73.2 xxx
DPS (cps) xxx 91.0 32.3 xxx
EPS Growth xxx 100.0% - 75.9% xxx
DPS Growth xxx 100.0% - 64.5% xxx
PE Ratio xxx N/A 18.5 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 30.0% 44.1% xxx

Dividend yield today if purchased 3 years ago: 8.72%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.73

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: 04/10 - ex-div 50c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx303.1
DPS All xxxxxxxxxxxxxxx91.0
Sales/Revenue xxxxxxxxxxxxxxx9,264.4 M
Book Value Per Share xxxxxxxxxxxxxxx1,318.2
Net Operating Cash Flow xxxxxxxxxxxxxxx547.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.47 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx25.74 %
Return on Invested Capital xxxxxxxxxxxxxxx20.77 %
Return on Assets xxxxxxxxxxxxxxx14.64 %
Return on Equity xxxxxxxxxxxxxxx25.74 %
Return on Total Capital xxxxxxxxxxxxxxx11.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx132.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.2

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

09/11/2022

3

Hold

$12.80

-5.54%

First half FY23 earnings (EBIT) guidance by Sims of $65-75m marked a material miss compared to forecasts by Ord Minnett and consensus for $232m and $360m, respectively.

The wide range of prior forecasts shows the unpredictability of Sims’s earnings, notes the analyst. The target falls to $12.80 from $15.40.

The broker attributes the miss to lower volumes across all regions, compressed trading margins and higher-than-expected costs due to inflation.

Ord Minnett has no line of sight on when trading margins will improve and lowers its FY23 earnings forecast by -64%, and feels a catalyst to lift shares may be some time away. Hold.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 13.00 cents and EPS of 48.00 cents.
Ord Minnett forecasts a full year FY24 dividend of 26.00 cents and EPS of 88.00 cents.

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

SGM STOCK CHART

FNArena News on SGM

1
Australian Broker Call *Extra* Edition – Nov 17, 2022

Nov 17 2022 - Daily Market Reports
2
Rudi’s View: Re-Opening Opportunities In Healthcare

Nov 17 2022 - Rudi's View
3
Australian Broker Call *Extra* Edition – Nov 16, 2022

Nov 16 2022 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 11-11-22

Nov 14 2022 - Weekly Reports
5
Material Matters: Lithium, Copper & Steel

Nov 09 2022 - Commodities

Latest Steel & Scrap News

1
BlueScope Steel Undervalued?

Nov 21 2022 - Australia
2
BlueScope Steel Committed To Emissions Targets

Sep 28 2022 - ESG Focus
3
BlueScope Steel Transforms US Operations

Apr 13 2022 - Australia
4
Sims Shines In The Scrap Yard

Feb 16 2022 - Australia
5
Positive Trends Should Galvanise Sims

Nov 11 2021 - Australia
6
ESG Focus: Forrest’s Green Steel Plan

Jun 02 2021 - ESG Focus
7
Steel Prices Still Underpinning BlueScope

Apr 28 2021 - Australia
8
Accelerating Demand For Scrap Drives Sims

Apr 20 2021 - Australia
9
BlueScope On Top Of The Housing Boom

Feb 01 2021 - Australia
10
Treasure Chest: Questioning BlueScope Steel Takeover Talk

Nov 24 2020 - Treasure Chest