Last A$12.04 AUD
Change Today +0.06 / 0.50%
Volume 584.0K
SGM On Other Exchanges
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As of 2:10 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

sims metal management ltd (SGM) Snapshot

Open
A$11.85
Previous Close
A$11.98
Day High
A$12.05
Day Low
A$11.82
52 Week High
08/21/14 - A$12.30
52 Week Low
05/12/14 - A$9.15
Market Cap
2.5B
Average Volume 10 Days
1.2M
EPS TTM
A$-0.44
Shares Outstanding
204.6M
EX-Date
10/2/14
P/E TM
--
Dividend
A$0.14
Dividend Yield
--
Current Stock Chart for SIMS METAL MANAGEMENT LTD (SGM)

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sims metal management ltd (SGM) Details

Sims Metal Management Limited is engaged in buying, processing, and selling ferrous and non-ferrous recycled metals primarily in North America, Australasia, and Europe. 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 is also engaged in the provision of environmentally responsible solutions for the disposal of postconsumer electronic products, including IT assets recycled for commercial customers; and environmentally responsible recycling of negative value materials, such as refrigerators, as well as electrical and electronic equipment. In addition, it is involved in the provision of secondary processing and other services comprising the melting, refining, and ingoting of non-ferrous metals and other sources of services. The company was founded in 1917 and is headquartered in Botany, Australia.

Founded in 1917

sims metal management ltd (SGM) Top Compensated Officers

Group Chief Executive Officer, Managing Direc...
Total Annual Compensation: A$2.0M
President of North America Metals
Total Annual Compensation: A$789.2K
President of Global Sims Recycling Solutions
Total Annual Compensation: A$669.0K
Managing Director of Australia & New Zealand ...
Total Annual Compensation: A$1.6M
Compensation as of Fiscal Year 2014.

sims metal management ltd (SGM) Key Developments

Sims Metal Management Limited Announces Chief Financial Officer Changes

Sims Metal Management Limited announced the appointment of Fred Knechtel as Group Chief Financial Officer of the company, commencing in November prior to the company's AGM. Until this time, the Company's Chief Accounting Officer, Amit Patel, will hold the responsibilities of interim Group CFO.

Sims Metal Management Limited Announces Earnings Results for the Full Year Ended June 30, 2014; Announces Sales Results for the Fiscal Year 2014; Provides Earnings Guidance for the Fiscal Year 2015

Sims Metal Management Limited announced earnings results for the full year ended June 30, 2014. For the year, the company’s statutory net loss after tax (NLAT) of AUD 88.9 million, representing a loss per diluted share of 43.5 cents for the full year ended 30 June 2014, compared with AUD 467.3 million or 228.6 cents for the full year ended 30 June 2013. Underlying net profit after tax (NPAT) were AUD 68.8 million, representing earnings per diluted share of 33.6 cents, compared with AUD 15.9 million, representing earnings per diluted share of 7.7 cents a year ago. Sales revenue was AUD 7,129 million in the fiscal year 2014 was down 0.9% compared to AUD 7,193 million for the fiscal year 2013. In constant currency terms, sales revenue was down 10.5% due to lower sales volumes and lower average non-ferrous and precious metal prices. Underlying EBIT was AUD 118.5 million in the fiscal year 2014, an increase of 77.1% over AUD 66.9 million for the fiscal year 2013. Statutory EBITDA was AUD 124.8 million against LBITDA of AUD 42.5 million a year ago. Statutory LBIT was AUD 27.6 million against AUD 470.4 million a year ago. Underlying EBITDA was AUD 242.4 million against AUD 190.4 million a year ago. Cash flow from operating activities was AUD 210 million, with a further AUD 38 million received through the sale of non-core businesses. CapEx was carefully controlled at AUD 64 million. For the year, the company's sales volumes was 11.8 million tones decreased by 7.6% versus the fiscal year 2013, due in part to adverse winter weather in North America. The company announced that the year ahead will be an exciting time at the company’s management. The work towards implementing the company’s five year strategic plan is gathering pace, with further benefits from its Streamline and Optimize phases to be delivered in the fiscal year 2015. The company expects 50% of the AUD 32 million in annual EBIT benefits from its streamline program will be achieved in the fiscal year 2015. Roughly half of this is anticipated to be realized in the Europe region, related to the exit from the company’s historically loss making SRS business in the UK. The fiscal year 2015 capex is expected to be between AUD 100 million to AUD 120 million, with expansionary capex devoted to projects directly aligned with achieving the Optimise goals set out in its strategic plan. Expansionary projects planned for the fiscal year 2015 include the new yard and shredder plant in Western Australia, and upgrade investments at three of its non-ferrous metal recovery plants in North America.

Sims Metal Management Limited Announces to Pay Fully Franked Final Dividend for Fiscal Year 2014, Payable on October 21, 2014

Sims Metal Management Limited determined to pay a final dividend for fiscal year 2014 of 10.0 cents per share, which will be fully franked, on October 21, 2014 to shareholders on the company's register at the record date of October 7, 2014. This is an exception to the company's dividend policy which is to distribute 45% to 55% of NPAT, subject to the discretion of the Board and remains unchanged. The company's Dividend Reinvestment Plan remains suspended.

 

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SGM

Industry Average

Valuation SGM Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 69.7x
TEV/Sales 0.3x
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