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Sims Limited (SGM) Report Analysis

Corporate Events

Negative

Sims Limited Appoints Robert Thompson as Global...

2022-06-23 22:21:00

Sims Limited announced the appointment of Robert Thompson as its Global Chief Commercial Officer. Mr. Thompson previously held the position of...

Negative

Sims Limited Announces Class Action Settlement

2022-06-09 22:24:00

Sims Limited announced that it executed a Deed of Settlement for the shareholder class action, filed against Sims on 15 February 2019 in the N...

Neutral

Sims Limited, H1 2022 Earnings Call, Feb 15, 2022

2022-01-30 13:27:00

Sims Limited, H1 2022 Earnings Call, Feb 15, 2022

Positive

Sims Limited (ASX:SGM) completed the acquisitio...

2022-01-01 00:00:00

Sims Limited (ASX:SGM) agreed to acquire Assets of Atlantic Recycling Group, LLC for $37 million on December 16, 2021. Total consideration for...

Positive

A group of investors, including investment fund...

2021-12-30 00:00:00

A group of investors, including investment funds managed by Closed Loop Partners, LLC agreed to acquire a 50.46% stake in Sims Municipal Recyc...

Positive

Sims Limited (ASX:SGM) agreed to acquire Assets...

2021-12-16 00:00:00

Sims Limited (ASX:SGM) agreed to acquire Assets of Atlantic Recycling Group, LLC for $37 million on December 16, 2021. Total consideration for...

Positive

Sims Limited (ASX:SGM) acquired assets from Rec...

2021-12-07 00:00:00

Sims Limited (ASX:SGM) acquired assets from Recyclers Australia Pty Ltd for AUD 18 million on December 6, 2021. Total consideration for the ac...

Negative

Sims Limited Announces Board Changes

2021-10-07 21:20:00

Sims Limited Board of Directors announced the appointment of Victoria "Vicky" Binns as an Independent Non-Executive Director with effect from ...

Positive

Sims Limited (ASX:SGM) announces an Equity Buyb...

2021-08-23 08:16:00

Sims Limited (ASX:SGM) announces a share repurchase program. Under the program, the company will repurchase up to 20,152,690 shares for a tota...

Positive

Sims Limited authorizes a Buyback Plan.

2021-08-23 00:00:00

The Board of Directors of Sims Limited has authorized a buyback plan on August 23, 2021.

Positive

Sims Limited (ASX:SGM) acquired Existing purpos...

2021-08-17 00:00:00

Sims Limited (ASX:SGM) acquired Existing purpose-built recycling facility in Sydney on February 13, 2021. Sims Limited (ASX:SGM) completed t...

Positive

Sims Limited (ASX:SGM) acquired JED renewable l...

2021-08-17 00:00:00

Sims Limited (ASX:SGM) acquired JED renewable landfill gas to energy facility in Orlando, Florida from JED Landfill for AUD 4.8 million on Jul...

Positive

Sims Limited, 0.15 (AUD), Cash Dividend, Oct-05-2021

2021-08-17 00:00:00

Sims Limited, 0.15 (AUD), Cash Dividend, Oct-05-2021

Positive

Sims Limited, 0.15 (AUD), Cash Dividend, Oct-05-2021

2021-08-17 00:00:00

Sims Limited, 0.15 (AUD), Cash Dividend, Oct-05-2021

Neutral

Sims Limited - Shareholder/Analyst Call

2021-08-16 22:30:00

AGM

Neutral

Sims Limited, Annual General Meeting, Nov 10, 2021

2021-08-16 22:30:00

Sims Limited, Annual General Meeting, Nov 10, 2021, at 09:00 AUS Eastern Standard Time. Agenda: To receive and consider the financial statemen...

Positive

Sims Limited Announces Dividend for the Six Mon...

2021-08-16 22:25:00

Sims Limited announced dividend of AUD 0.30 per share for the six months ended June 30, 2021. The dividend is payable on October 20, 2021, Rec...

Neutral

Sims Limited, 2021 Earnings Call, Aug 17, 2021

2021-08-12 09:15:00

Sims Limited, 2021 Earnings Call, Aug 17, 2021

Positive

Sims Limited Receives Approval for Sims Limited...

2021-07-07 22:22:00

Sims Limited announced planning development approval was granted by the Brisbane City Council and the Queensland Government for its pilot Reso...

Negative

Sims Limited Appoints Robert Thompson as Global Chief Commercial Officer

2022-06-23 22:21:00

Sims Limited announced the appointment of Robert Thompson as its Global Chief Commercial Officer. Mr. Thompson previously held the position of Vice President, Sales and Marketing at Gerdau Long Steel North America. He brings more than 30 years of commercial and operational metal recycling and steel experience to Sims Metal, commencing on 11 July 2022. Mr. Thompson joined Gerdau North America in 2004 as Vice President and General Manager of the Ameristeel Recycling business. He has since held several roles with increasing responsibilities in commercial, operations and logistics in Gerdau's Metallics and Raw Materials divisions until his most recent position leading sales and marketing for Gerdau's North American Long Steel business. Rob and his family also spent several years in Brazil, where he had responsibilities spanning Europe, Latin America and North America. Prior to his tenure at Gerdau, Mr. Thompson spent 15 years at metal recycling companies, initially starting as a scale operator and then spending several years as a commercial trade buyer and ferrous products trader. At Sims, Mr. Thompson will have global responsibility for shipping and chartering, as well as both ferrous and non-ferrous material buying and processed material sales. In addition to holding this principal commercial role, Mr. Thompson will also be an integral member of the executive leadership team. His extensive management experience and perspective will allow him to immediately contribute toward achieving the company's strategic goals. Mr. Thompson received his Bachelor of Arts in Economics from the University of Toronto.

Negative

Sims Limited Announces Class Action Settlement

2022-06-09 22:24:00

Sims Limited announced that it executed a Deed of Settlement for the shareholder class action, filed against Sims on 15 February 2019 in the NSW Registry of the Federal Court of Australia. The settlement: The settlement is without any admission of liability and subject to Court approval. The amount agreed under the settlement is $29.5 million, inclusive of interest and costs. Sims expects that, following receipt of insurance proceeds, the net cost to the Company will be approximately $15 million. Sims will advise the market of the Court's decision to approve or reject the settlement.

Neutral

Sims Limited, H1 2022 Earnings Call, Feb 15, 2022

2022-01-30 13:27:00

Sims Limited, H1 2022 Earnings Call, Feb 15, 2022

Positive

Sims Limited (ASX:SGM) completed the acquisition of Assets of Atlantic Recycling Group, LLC.

2022-01-01 00:00:00

Sims Limited (ASX:SGM) agreed to acquire Assets of Atlantic Recycling Group, LLC for $37 million on December 16, 2021. Total consideration for the acquisition is $37 million plus working capital adjustments. The acquisition price implies an EV/EBITDA multiple of 4.2x on a pre-synergies basis. Post completion, the team at Atlantic Recycling will become part of Sims Limited. The transaction is expected to reach financial close on January 1, 2022. David J. Malliband of Baker & McKenzie LLP acted as legal advisor to Sims Limited. Sims Limited (ASX:SGM) completed the acquisition of Assets of Atlantic Recycling Group, LLC on January 1, 2022.

Positive

A group of investors, including investment funds managed by Closed Loop Partners, LLC agreed to acquire a 50.46% stake in Sims Municipal Recycling of New York LLC from Sims Limited (ASX:SGM) for $45.4 million.

2021-12-30 00:00:00

A group of investors, including investment funds managed by Closed Loop Partners, LLC agreed to acquire a 50.46% stake in Sims Municipal Recycling of New York LLC from Sims Limited (ASX:SGM) for $45.4 million on December 30, 2021. The transaction is forecast to reach financial close in the third quarter of FY22.

Positive

Sims Limited (ASX:SGM) agreed to acquire Assets of Atlantic Recycling Group, LLC for $37 million.

2021-12-16 00:00:00

Sims Limited (ASX:SGM) agreed to acquire Assets of Atlantic Recycling Group, LLC for $37 million on December 16, 2021. Total consideration for the acquisition is $37 million plus working capital adjustments. The acquisition price implies an EV/EBITDA multiple of 4.2x on a pre-synergies basis. Post completion, the team at Atlantic Recycling will become part of Sims Limited. The transaction is expected to reach financial close on January 1, 2022. David J. Malliband of Baker & McKenzie LLP acted as legal advisor to Sims Limited.

Positive

Sims Limited (ASX:SGM) acquired assets from Recyclers Australia Pty Ltd for AUD 18 million.

2021-12-07 00:00:00

Sims Limited (ASX:SGM) acquired assets from Recyclers Australia Pty Ltd for AUD 18 million on December 6, 2021. Total consideration for the acquisition was AUD 18 million, including title of land at the primary Yatala facility. The acquisition price on the transaction implies an EV/EBITDA multiple of 3.3x on a post-synergies basis. The transaction is consistent with the Company’s strategy to grow in large coastal markets which offer the potential for top tier processing facilities and bulk export optionality. Sims Limited (ASX:SGM) completed the acquisition of assets from Recyclers Australia Pty Ltd on December 6, 2021.

Negative

Sims Limited Announces Board Changes

2021-10-07 21:20:00

Sims Limited Board of Directors announced the appointment of Victoria "Vicky" Binns as an Independent Non-Executive Director with effect from 8 October 2021. Ms Binns' appointment, to a casual vacancy on the board, is to be confirmed by shareholders at the 2021 annual general meeting scheduled for 10 November 2021. Jim Thompson has informed the Board that he will not stand for re-election at the 2021 annual general meeting.

Positive

Sims Limited (ASX:SGM) announces an Equity Buyback for 20,152,690 shares, for AUD 150 million.

2021-08-23 08:16:00

Sims Limited (ASX:SGM) announces a share repurchase program. Under the program, the company will repurchase up to 20,152,690 shares for a total purchase price of $150 million. All the ordinary shares repurchased will be cancelled. The purpose of the repurchase program is capital management. The program will continue through September 5, 2022. As of August 23, 2021, the company has 201,523,869 shares in issue.

Positive

Sims Limited authorizes a Buyback Plan.

2021-08-23 00:00:00

The Board of Directors of Sims Limited has authorized a buyback plan on August 23, 2021.

Positive

Sims Limited (ASX:SGM) acquired Existing purpose-built recycling facility in Sydney.

2021-08-17 00:00:00

Sims Limited (ASX:SGM) acquired Existing purpose-built recycling facility in Sydney on February 13, 2021. Sims Limited (ASX:SGM) completed the acquisition of Existing purpose-built recycling facility in Sydney on February 13, 2021.

Positive

Sims Limited (ASX:SGM) acquired JED renewable landfill gas to energy facility in Orlando, Florida from JED Landfill for AUD 4.8 million.

2021-08-17 00:00:00

Sims Limited (ASX:SGM) acquired JED renewable landfill gas to energy facility in Orlando, Florida from JED Landfill for AUD 4.8 million on July 1, 2021. Sims Limited (ASX:SGM) completed the acquisition of JED renewable landfill gas to energy facility in Orlando, Florida from JED Landfill on July 1, 2021.

Positive

Sims Limited, 0.15 (AUD), Cash Dividend, Oct-05-2021

2021-08-17 00:00:00

Sims Limited, 0.15 (AUD), Cash Dividend, Oct-05-2021

Positive

Sims Limited, 0.15 (AUD), Cash Dividend, Oct-05-2021

2021-08-17 00:00:00

Sims Limited, 0.15 (AUD), Cash Dividend, Oct-05-2021

Neutral

Sims Limited - Shareholder/Analyst Call

2021-08-16 22:30:00

AGM

Neutral

Sims Limited, Annual General Meeting, Nov 10, 2021

2021-08-16 22:30:00

Sims Limited, Annual General Meeting, Nov 10, 2021, at 09:00 AUS Eastern Standard Time. Agenda: To receive and consider the financial statements of the Company and its controlled entities for the year ended 30 June 2021 and the related Directors' Report, Directors' Declaration and Auditor's Report; to consider the re-election of Mr. Geoffrey N Brunsdon as a Director; to consider the re-election of Georgia Nelson as a Director; to consider the re-election of Ms Victoria Binns as a Director; to consider the Remuneration Report; and to consider the Participation in the Company's Long Term Incentive Plan by Mr. Field.

Positive

Sims Limited Announces Dividend for the Six Months Ended June 30, 2021, Payable on October 20, 2021

2021-08-16 22:25:00

Sims Limited announced dividend of AUD 0.30 per share for the six months ended June 30, 2021. The dividend is payable on October 20, 2021, Record Date is October 6, 2021 and Ex-date is October 5, 2021.

Neutral

Sims Limited, 2021 Earnings Call, Aug 17, 2021

2021-08-12 09:15:00

Sims Limited, 2021 Earnings Call, Aug 17, 2021

Positive

Sims Limited Receives Approval for Sims Limited Resource Renewal Pilot Facility

2021-07-07 22:22:00

Sims Limited announced planning development approval was granted by the Brisbane City Council and the Queensland Government for its pilot Resource Renewal facility at Rocklea in Queensland. The Rocklea pilot facility is expected to be operational in 2022. It will focus primarily on research and development to advance the technology used across the programme. Sims Resource Renewal plans to build several facilities around the world by 2030 to enable the company to transform more than one million tonnes of the material left over following metal recycling into new, useful products for society each year.

Fundamental Summary

Sims released impressive Q4 results on 2022-02-14. Their positive growth and income factors indicate that Sims is likely to continue to produce impressive results for the foreseeable future, as well. This relative strength should allow Sims to continue to perform well even in a tough market. As such, Sims received an overall score of 74 and a HOLD recommendation.

Business Description

Sims 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. The company also engages in the provision of environmentally responsible solutions for the disposal of post-consumer electronic products, such as information technology assets recycled for commercial customers; and environmentally responsible recycling of negative value materials, including electrical and electronic equipment. In addition, it provides secondary processing and other services comprising recycling of municipal curbside materials, stevedoring, and other sources of service. Sims was founded in 1917 and is headquartered in Mascot, Australia.

Sector Overview

Sims is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Sims's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 3,817.3 1.9% 72
Liabilities 1,509.4 -7.3% 85
Price to Book 1.4 -9.8% 57
Cash & Equivalents 171.9 -28.5% 49
Equity 2,307.9 8.9% 83
EBITDA 480.0 57.9% 90
Total Revenues 7,739.6 30.6% 45
Parameter Value Change Score
Return on Equity 20.3 81.5% 92
Net Cashflow -137.5 -1157.7% 83
Capital Expenditure -154.1 -30.7% 56
Asset Turnover 2.2 30.4% 82
Free Cashflow 0.6 41439.9% 98

* All values are TTM

The below chart reflects Sims's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Sims's peer average final assessment score stands on 73.0, Sims's score is 74.

  •  SGM
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 20 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 21 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 22 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 23 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 24 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 25 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 26 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 27 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 28 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 29 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 30 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Sims's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Sims's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.

Bearish 57
Close Price 14.27
52W Low 12.42
52W High 22.64
5D MA 14.06
50D MA 18.08
200D MA 16.63
MACD -1.2
RSI 4.02
STOCH 9.52

Balance Sheet Analysis

Sims appears likely to maintain its strong balance sheet metrics and momentum going forward. In terms of liabilities, Sims published good numbers. Their reported liabilities were 1509.4, representing a -7.3% change from the previous report. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. The company's liabilities movement component, therefore, received a grade of 85. Also, Sims reported solid equity numbers this period. At filing, equity was reported as 2307.9, representing 8.9% change from the previous period. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. These metrics are all the more impressive relative to their peers and should support an upswing in their stock price. Therefore, its equity movement component earned a score of 83. At the same time, one critical balance sheet metric, Cash & Equivalents, was notably weak. Sims did a poor job related to managing cash and cash equivalents this period, which stood at 171.9, representing a -28.5% change from the previous filing. Their anemic growth in cash and cash equivalents, specifically in contrast to their industry peers' performance, should hurt their stock price. Its cash and cash equivalents movement, therefore, received a grade of 49. Consequently, the company's balance sheet earned a rank of 68.

Parameter Value Change Score
Assets 3,817.3 1.9% 72
Liabilities 1,509.4 -7.3% 85
Price to Book 1.4 -9.8% 57
Cash & Equivalents 171.9 -28.5% 49
Equity 2,307.9 8.9% 83
* All values are TTM

The below chart describes Sims's performance as reflected on its balance sheet with respect to its peers. While Sims received a balance sheet score of 68, the average of its peers stands on 70.0.

  •  SGM
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 20 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 21 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 22 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 23 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 24 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 25 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 26 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 27 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 28 1
West African Resources Limited 1.3B 92 56 81 92 42 87 29 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 30 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 33 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Sims appears likely to maintain its strong income statement metrics and momentum going forward. Return factors metrics and ratios were exceptional in this report. Sims reported a return on equity (ROE) ratio of 20.3, representing a change of 81.5% from the last report. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Therefore, its return factors component earned a score of 92. Also, Sims reported impressive EBITDA this period. At filing, EBITDA was reported as 480.0, representing 57.9% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their EBITDA movement received a grade of 90. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. Sims reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 7739.6 and represented 30.6% change from the previous period. This metric might have a 24.0 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. As a result, their revenue efficiency earned a score of 45. Therefore, their income statement earned a grade of 69.

Parameter Value Change Score
EBITDA 480.0 57.9% 90
Total Revenues 7,739.6 30.6% 45
Return on Equity 20.3 81.5% 92
* All values are TTM

The below chart describes Sims's performance as reflected on its income statement with respect to its peers. While Sims received a income statement score of 69 , the average of its peers stands on 74.0.

  •  SGM
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Zimplats Holdings Limited 2.6B 94 50 52 68 20 1
Liontown Resources Limited 2.4B 87 78 91 84 21 1
Perseus Mining Limited 2.3B 42 88 83 65 22 1
Deterra Royalties Limited 2.3B 45 83 66 61 23 1
Sandfire Resources Limited 1.9B 64 73 74 69 24 1
Core Lithium Ltd 1.8B 87 47 81 70 25 1
Chalice Mining Limited 1.5B 99 65 76 81 26 1
Grange Resources Limited 1.5B 74 61 61 64 27 1
Capricorn Metals Ltd 1.3B 37 98 97 69 28 1
West African Resources Limited 1.3B 43 84 63 59 29 1
Silver Lake Resources Limited 1.2B 95 42 41 63 30 1
De Grey Mining Limited 1.2B 44 45 76 47 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 33 1
Sayona Mining Limited 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Free Cash flow and Net Cash Flow stand out as the most significant drivers of Sims's cash flow's strength. Sims did a great job related to free cash flow this period, which stood at 0.6, representing a 41439.9% change from the previous filing. This parameter coud affect companies in the same industry and market capitalization by up to 4.3%. Their free cash flow situation is all the more impressive relative to their peers and competitors. The company's free cash flow movement, therefore, received a grade of 98. Also, Sims presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of -137.5, which is a change of -1157.7% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. Consequently, their net cash flow movement received a grade of 83. On the other hand, Capital Expenditure, jumped out as looking rather underwhelming. Sims's management was ineffective in materially improving CapEx, which now sits at -154.1 and represents a -30.7% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Therefore, their CapEx movement component earned a score of 56. Therefore, we scored its cash flow a 82.

Parameter Value Change Score
Net Cashflow -137.5 -1157.7% 83
Capital Expenditure -154.1 -30.7% 56
Asset Turnover 2.2 30.4% 82
Free Cashflow 0.6 41439.9% 98
* All values are TTM

The below chart describes Sims's performance as reflected on its cash flow with respect to its peers. While Sims received a cash flow score of 82, the average of its peers stands on 69.0.

  •  SGM
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 20 1
Liontown Resources Limited 2.4B 59 69 76 51 62 21 1
Perseus Mining Limited 2.3B 69 94 90 83 83 22 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 23 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 24 1
Core Lithium Ltd 1.8B 61 69 76 72 69 25 1
Chalice Mining Limited 1.5B 53 62 84 38 55 26 1
Grange Resources Limited 1.5B 75 79 76 62 73 27 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 28 1
West African Resources Limited 1.3B 73 84 42 58 66 29 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 30 1
De Grey Mining Limited 1.2B 80 69 76 61 73 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 33 1
Sayona Mining Limited 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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