Sims Ltd (SGM) $26.00
Global metals recycling and resource recovery company Sims slipped (-5.7%) on Wednesday just 24-hours after we covered the stock here, liking the risk/reward in the $26-27 area, where it closed yesterday.
Sims Ltd (SGM)
SGM $20.54
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 20.54
- Change
- ▼ -0.44 (-2.10)
- Bid / Ask
- 20.54 - 20.64
- Volume
- 253,789
- Turnover
- 5,232,138
- Open
- 20.98
- Day Range
- 20.54 - 21.21
- VWAP
- 20.62
- Prev Close
- 20.98
- Last Trade
- 13/11 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Basic Materials
- Shares Issued
- 193,232,991
- NTA/Share
- 12.03
- Last Dividend
- 0.20
- Dividend Ex Date
- 30 SEP 2026
- Dividend Pay Date
- 15 OCT 2026
Current (AUD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 8,007.50
- EBITDA
- 667.20
- Profit
- 245.30
- Earnings Per Share (EPS)
- 1.25
- Dividend Per Share (DPS)
- 0.27
- Yield %
- 1.66
- Market Cap
- 3,969.01
- Price to Earnings Ratio (P/E)
- 16.39
Estimates (AUD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- 8,774.80
- EBITDA
- —
- Profit
- 364.30
- Earnings Per Share (EPS)
- 1.87
- Dividend Per Share (DPS)
- 0.60
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Fairly valued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 12 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 18.16 Fair value 20.41 One-star price 22.95
Morningstar Quantitative Rating as of 12 NOV 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 20.41
- Price / Fair Value
- 1.03
- Valuation
- Fairly valued
- Uncertainty
- Medium
Morningstar Quantitative Rating as of 12 NOV 2026. The slider runs from the five-star price (18.16) to the one-star price (22.95).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 20.54 |
| Price - 12 month high | 31.81 |
| Price - 12 month low | 14.62 |
| Pricing date | 12 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.61 |
| Market capitalization | 3,969.01 |
| 12 Month High price date | 17 JUN 2026 |
| 12 Month Low price date | 20 NOV 2025 |
| Volume - avg. trading volume for the last 3 months | 0.74 |
| Price - 1 Day % Change | -2.10% |
| Price - 13 week price percent change | -22.17% |
| Price - 26 week price percent change | -7.81% |
| Price - 5 Day % Change | -3.02% |
| Price - 52 week price percent change | 31.33% |
| Price - YTD price percent change | 14.17% |
| Price % Change Month To Date | -8.18% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 1.253 |
| EPS excluding extraordinary items - trailing 12 month | 1.253 |
| EPS Normalized - most recent fiscal year | 1.477 |
| Revenue/share - most recent fiscal year | 40.903 |
| Revenue/share - trailing 12 month | 40.903 |
| Book value per share - most recent fiscal year | 13.744 |
| Book value per share - most recent half-year | 13.744 |
| Book value (tangible) per share - most recent fiscal year | 12.032 |
| Book value (tangible) per share - most recent half-year | 12.032 |
| Cash per share - most recent fiscal year | 0.919 |
| Cash per share - most recent half-year | 0.919 |
| Cash Flow per share - most recent fiscal year | 2.164 |
| Cash Flow per share - trailing 12 month | 2.164 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.340 |
| EBITD per share - trailing 12 month | 3.408 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 1.272 |
| EPS Basic excluding extraordinary items - trailing 12 month | 1.272 |
| EPS including extraordinary items - most recent fiscal year | 1.272 |
| EPS including extraordinary items - trailing 12 month | 1.272 |
| Free Cash Flow per share - trailing 12 month | 1.114 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 16.39 |
| P/E Normalized, most recent fiscal year | 13.91 |
| Price to sales - most recent fiscal year | 0.50 |
| Price to Tangible Book - most fiscal year | 1.71 |
| Price to Free Cash Flow per Share - most recent fiscal year | 18.45 |
| Price to Cash Flow per share - trailing 12 month | 9.49 |
| Price to Book - most recent fiscal year | 1.49 |
| P/E excluding extraordinary items high, trailing 12 months | 1,791.67 |
| P/E excluding extraordinary items low, trailing 12 months | 15.37 |
| Net Debt, LFI | 597.50 |
| Net Debt, LFY | 627.10 |
| Dividend Yield - 5 Year Average | 1.80% |
| Dividend Yield - indicated annual dividend divided by closing price | 1.63% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 1.66% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 218.00 |
| LT debt/equity - most recent fiscal year | 28.37% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 31.13% |
| LT debt/equity - most recent half-year | 25.90% |
| Total debt/total equity - most recent half-year | 29.03% |
| Free Cash Flow - trailing 12 month | 218.00 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 8,007.50 |
| Revenue - trailing 12 month | 8,007.50 |
| EBITD - most recent fiscal year | 667.20 |
| EBITD - trailing 12 month | 667.20 |
| Earnings before taxes - most recent fiscal year | 363.00 |
| Earnings before taxes - trailing 12 month | 363.00 |
| Net Income available to common - most recent fiscal year | 245.30 |
| Net Income available to common - trailing 12 months | 245.30 |
| Earnings before taxes Normalized - most recent fiscal year | 421.60 |
| Net Income Available to Common, Normalized - most recent fiscal year | 289.10 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 1.48 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 3.06% |
| Net Profit Margin % - trailing 12 month | 3.06% |
| Operating margin - 1st historical fiscal year | 3.73% |
| Operating margin - trailing 12 month | 3.73% |
| Pretax margin - trailing 12 month | 4.53% |
| Pretax margin - 1st historical fiscal year | 4.53% |
| Operating Margin - 5 year average | 1.10% |
| Pretax Margin - 5 year average | 3.51% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 1.69% |
| Free Operating Cash Flow/Revenue, TTM | 2.72% |
| Net Profit Margin - 5 year average | 2.37% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 5.44% |
| Return on average assets - trailing 12 month | 5.44% |
| Return on average equity - most recent fiscal year | 9.51% |
| Return on average equity - trailing 12 month | 9.51% |
| Return on average assets - 5 year average | 4.83% |
| Return on average equity - 5 year average | 8.30% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 6.24% |
| EPS growth rate, 5 year | 2.12% |
| Growth rate% - dividend, 3 year | -25.00% |
| Revenue/share (5 yr growth) | 7.05% |
| Growth rate% - Revenue, 3 year | -0.22% |
| Growth rate% - EPS, 3 year | 10.97% |
| Book value per share growth rate, 5 year | 5.44% |
| Capital Spending growth rate, 5 year | 9.65% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 5.63% |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | 2029 | |||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Sims Ltd (ASX: SGM) $28.00
Global metals recycling and resource recovery company Sims has surged +56% through 2026 with this time the AI build-out being a driving factor, which we touched on when they upgraded earnings earlier in the year here. As is so often the case in both upgrade and downgrade cycles, things can repeat, and SGM lifted guidance again this month:
Sims (SGM) surges on AI build out
Sims (SGM) shares surge ~9% higher after forecasting a Big Jump in 2H earnings.
Sims Metal Group (SGM) $20.42
SGM –4.04%: reported an improvement in underlying earnings for the half, but the result came in slightly below expectations, with the market focused on ongoing weakness in export markets tied to record-high Chinese steel exports.
Sims Ltd (SGM) $15.45
Metals recycling firm Sims turned the corner last year courtesy of a strong performance from its North American division. However, we believe the “easy wins” are now behind them.
Sims Ltd (SGM) $12.40
Metals recycling firm Sims reported improved first-quarter performance in its North American division, sending its stock up +12.4%. Despite ongoing challenges, in Australia and New Zealand, the metals businesses are forecast to deliver an Est. Ebit of ~$55mn in 1Q FY25 – ahead of expectations, with their North American operations the key driver.
Sims Ltd (SGM) $10.47
Scrap metal company SGM's stock fell 33% in the first half of 2024 without any meaningful respite. We believe the business's cyclical backdrop is approaching a bottom, but the market’s confidence is low after the recent fall in primary non-ferrous prices. We like the business's change in focus towards increasing domestic ferrous sales and sacrificing volumes for higher margins, as it will reduce reliance on weaker export markets.
Sims Ltd (SGM) $10.87
Scrap metal company SGM slipped 2.5% on Monday, taking its decline year-to-date to almost 30%. The company delivered a disappointing update earlier this month, driving the stock down to fresh multi-year lows, and it clearly remains in the naughty corner. While we believe the cyclical backdrop for the business is approaching a bottom, the company must remain diligent in its ongoing cost-out path as the market's confidence is low even after the recent run in primary non-ferrous prices.
Sims Limited (SGM) $13.79
SGM -10.63%: Shares in the scrap metal trading company fell to 8-month lows today after the company warned the market of softer earnings early in FY24. They expect EBIT in the first quarter to be around breakeven while a bounce back is unlikely in the second quarter given weakening volumes in the North American market.
Sims Ltd (SGM) $15.73
Metal recycling business SGM outperformed on Monday closing up +2.9% as bullish sentiment flowed from China, today we have looked for stocks that could add 20-30% into Christmas and while SGM does fit this profile we weren’t overly impressed with last months earnings report which were solid for FY23 but we felt the outlook for FY24 was muted at best i.e. there are better ways to “play” an improvement in ferrous scrap prices.
Action
Updated
02/07/2026
09:40
SGM
Updated 02/07/2026 09:40
MM is bullish towards SGM around $26
Updated
30/06/2026
09:20
SGM
Updated 30/06/2026 09:20
MM is bullish towards SGM around $28
Updated
18/03/2026
15:26
SGM
Updated 18/03/2026 15:26
MM is cautiously bullish towards Sims Ltd (SGM)
Updated
17/02/2026
17:18
SGM
Updated 17/02/2026 17:18
MM is neutral toward SGM
Updated
25/03/2025
10:08
SGM
Updated 25/03/2025 10:08
MM is now neutral SGM
Updated
20/09/2024
09:39
SGM
Updated 20/09/2024 09:39
MM is now cautiously bullish towards SGM
Updated
13/06/2024
15:47
SGM
Updated 13/06/2024 15:47
MM is now neutral SGM
Updated
28/05/2024
09:31
SGM
Updated 28/05/2024 09:31
MM is neutral to bearish towards SGM
Updated
12/09/2023
08:16
SGM
Updated 12/09/2023 08:16
MM has no interest in SGM ~$14
Updated
05/09/2023
13:20
SGM
Updated 05/09/2023 13:20
MM is neutral to mildly positive SGM
Business Summary
Sims is the world's largest publicly traded metal and electronics recycler, with about three-fourths of earnings generated in North America and the remainder from Australia and New Zealand. Its main business is the buying, processing, and selling of scrap metal.Sims North American segment comprises the largest ferrous scrap recycler in North America, trading as Sims Metal Management, and 50% owned SA Recycling. Almost all sales are of ferrous metals, with less than 10% of sales volumes from more valuable nonferrous metals retrieved in the scrap recycling process.
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