Top Page
Sims
(Sydney:SGM)
Sims (SGM) vs. S&P 500 (SPY)
Sims Business Overview & Revenue Model
Sims Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 6.76B | 7.20B | 8.08B | 9.28B | 5.93B | 4.92B | Gross Profit |
| 906.40M | 1.04B | 844.30M | 1.15B | 852.20M | 530.60M | EBIT |
| 408.40M | -117.80M | 15.00M | 367.10M | 110.70M | -190.20M | EBITDA |
| 281.70M | 282.80M | 150.20M | 491.90M | 230.60M | -41.50M | Net Income Common Stockholders |
| -114.20M | -57.80M | 181.10M | 599.30M | 229.40M | -265.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 242.90M | 280.80M | 329.80M | 267.50M | 254.10M | 243.10M | Total Assets |
| 4.47B | 4.90B | 4.71B | 4.44B | 3.68B | 3.21B | Total Debt |
| 593.40M | 949.30M | 804.80M | 701.70M | 557.10M | 480.40M | Net Debt |
| 392.30M | 856.20M | 496.10M | 448.90M | 316.80M | 253.10M | Total Liabilities |
| 1.73B | 2.34B | 2.05B | 1.90B | 1.56B | 1.22B | Stockholders Equity |
| 2.74B | 2.56B | 2.66B | 2.54B | 2.12B | 1.98B |
| Cash Flow | Free Cash Flow | ||||
| 243.50M | -12.10M | 218.70M | 273.10M | 800.00K | -205.80M | Operating Cash Flow |
| 448.50M | 202.50M | 449.20M | 547.80M | 129.40M | -65.30M | Investing Cash Flow |
| -83.60M | -344.50M | -245.20M | -274.80M | -126.90M | -28.50M | Financing Cash Flow |
| -377.70M | -75.50M | -155.00M | -259.70M | 10.40M | -67.90M |
Sims Technical Analysis
Sims Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$28.91B | 23.20 | 26.45% | 2.84% | 3.86% | ― | |
69 Neutral | $2.46B | 13.16 | 4.78% | 5.90% | -13.90% | 0.56% | |
68 Neutral | $16.10B | 24.50 | 21.82% | ― | 2.20% | -16.72% | |
68 Neutral | AU$32.58B | 16.85 | 20.24% | 5.45% | -1.42% | 25.16% | |
61 Neutral | $13.44B | 29.82 | 4.54% | 4.47% | 18.41% | 86.24% | |
52 Neutral | $2.86B | ― | -1.24% | 1.52% | -19.23% | -176.61% | |
49 Neutral | $1.96B | -1.15 | -21.28% | 3.71% | 1.17% | -30.86% |
Sims Earnings Call Summary
Sims Corporate Events
Sims Limited announced the retirement of non-executive Director Thomas Gorman from its board, following his appointment as Chair of the Alcoa Corporation Board of Directors. Gorman, who joined Sims in 2020, played a significant role in redefining the company’s strategic priorities and focusing on core businesses in high-potential markets. An independent search is underway for a new US-based non-executive director to fill the vacancy.
Sims Limited has reported a change in director’s interest, specifically involving the exercise and sale of options by Mr. Mikkelson, alongside the grant of performance shares and the lapse of certain options. The company acknowledged an administrative oversight in lodging the required documentation with the ASX but has since rectified the situation. Sims Limited assures stakeholders of its compliance with ASX Listing Rules through its Securities Trading Policy, which governs the notification of changes in interests.
Macquarie Bank held an investor conference on May 7, 2025, presenting information about the Group’s current activities. The presentation emphasized that the material provided is a summary and should be considered alongside the Group’s periodic reporting and announcements. The document includes a disclaimer about forward-looking statements, highlighting the inherent risks and uncertainties that may impact actual results.
Sims Limited announced the closure of its Sims Resource Renewal subsidiary, ceasing the development of plasma-assisted gasification technology for processing Automotive Shredder Residue waste. Despite the successful commissioning of a demonstration plant, current market conditions do not support scaling the technology. Closure-related costs are expected to be $4 million, with a non-cash write-off of $21 million. Sims remains committed to reducing landfill waste and is exploring alternative solutions for treating ASR.
Sims Limited has announced a change in the address of its Sydney registry office, MUFG Corporate Markets (AU) Limited, effective from 14 April 2025. The new location is at Liberty Place, Level 41, 161 Castlereagh St, Sydney. This move is part of the company’s ongoing operational adjustments, although contact details remain unchanged. This change is expected to streamline operations and potentially enhance stakeholder engagement.
Sims Limited has announced the application for the quotation of 4,125 ordinary fully paid securities on the Australian Securities Exchange (ASX) with the issuer code SGM. This move signifies the company’s ongoing efforts to enhance its market presence and liquidity, potentially impacting its financial flexibility and attractiveness to investors.
Sims Limited has announced a change in the interests of its substantial holder, Allan Gray Australia Pty Ltd, which acts as an investment manager for various funds. As of March 17, 2025, Allan Gray’s voting power in Sims Limited has decreased from 17.64% to 16.49%, reflecting a reduction in the number of ordinary shares held. This change in voting power may impact the company’s shareholder dynamics and influence within the industry.
Sims Limited has announced a change in the substantial holding of its shares by Allan Gray Australia Pty Ltd, a major investment manager. The voting power of Allan Gray Australia has decreased from 18.65% to 17.64%, indicating a reduction in their stake in Sims Limited. This change may impact the company’s shareholder dynamics and influence in the market, potentially affecting its strategic decisions and stakeholder interests.
Sims Limited announced the cessation of Deborah O’Toole as a director effective February 25, 2025. The notice highlights her relevant interests in securities, specifically 17,500 ordinary shares held in her self-managed superannuation fund, The Raheny Super Fund. This change in the board may impact the company’s governance dynamics, potentially influencing its strategic direction and stakeholder relationships.
Sims Limited announced the retirement of Deborah O’Toole as an Independent Non-Executive Director, effective immediately. Ms. O’Toole, who joined the board in 2014, significantly contributed to the company’s financial oversight as Chair of the Audit Committee since 2019. Her role will be succeeded by Mr. Dempsey, who joined the board in April 2024, ensuring continued strong governance and financial stewardship. This transition reflects Sims Limited’s commitment to maintaining robust leadership in its operations and governance.
Sims has released its financial results for the half-year ended 31 December 2024, highlighting its current activities and performance. The announcement, dated 25 February 2025, provides a summary of the company’s operations and financial standing, though it advises that the information should be considered alongside other periodic reports. The release includes a disclaimer about forward-looking statements, emphasizing that actual results may vary due to various risks and uncertainties.
Sims Limited reported a significant increase in its underlying EBIT for the first half of fiscal 2025, reaching $73.0 million, which is 184% higher than the previous year. This improvement was largely driven by strategic initiatives in North America and growth in Sims Lifecycle Services, despite challenging market conditions and lower ferrous prices. The company emphasized disciplined cost control and strategic positioning to capitalize on market shifts, aiming to maintain a strong balance sheet and seize growth opportunities.
Sims Limited has announced a new dividend distribution for its ordinary fully paid securities, amounting to AUD 0.10 per share. The dividend relates to the six-month period ending December 31, 2024, with an ex-date of March 4, 2025, a record date of March 5, 2025, and a payment date of March 19, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may impact investor sentiment positively.
Sims Limited reported a 4% increase in sales revenue for the half year ended December 2024, reaching A$3,645.5 million. However, net profit attributable to members fell by 68.6% to A$30.8 million, primarily due to a significant gain on asset sales in the prior period. Despite this, the underlying net profit after tax (NPAT) saw a substantial increase of 401.4% to A$35.1 million. The company also announced a 100% franked interim dividend of 10.0 cents per security. During the period, Sims Limited gained control of Resource Renewal Inc in the United States and lost control of Sims Group UK Limited.