Sims Limited (SMUPF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Sims Limited $5.46, price $18.60, upside -70.7%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $3.13 – $20.41 · fair‑value band $3.27 – $7.88 · the $18.60 price screens above the $5.46 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Sims Limited engages in buying, processing, and selling of ferrous and non-ferrous recycled metals in Australia, China, India, Thailand, Turkey, the United States, and internationally.
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Sims Limited engages in buying, processing, and selling of ferrous and non-ferrous recycled metals in Australia, China, India, Thailand, Turkey, the United States, and internationally. The company operates through five segments: North America Metal, Australia/New Zealand Metal, Investment in SA Recycling, Sims Lifecycle Services, and Global Trading Operations. It is also involved in the collection, processing, and trading of secondary raw material from iron and steel; and other metal alloys and residues, principally aluminum, lead, copper, zinc, and nickel bearing materials. The company also engages in the provision of environmental and data security services for the refurbishment, resale or commodity reclamation of IT assets recycled for commercial and post consumer suppliers. In addition, it provides secondary processing and other services comprising stevedoring and other sources of service. Sims Limited was founded in 1917 and is headquartered in Mascot, Australia.
Stock analysis
Sims Limited (SMUPF) currently trades at $18.60, while our model-based Fair Value estimate is $5.46, 70.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $6.24 per share, and 0 of the 12 models we run sit above the $18.60 price.
Bear case: the Dividend Discount group reads lowest at $1.91, and 12 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: $3.27 (bear) to $7.88 (bull), the price of $18.60 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Sims Limited reported revenue of A$7.5B in FY2025 versus A$5.9B in FY2021, a compound +6.0%/yr. Reported net income was −A$19.0M in FY2025.
Key figures
Market cap $4.0B · P/S ratio 0.52 · EPS (TTM) $−0.2100 · Dividend yield 1.5% · Net margin −0.3% · Return on equity −2.2% · Return on assets (EBIT) 4.7% · Operating margin 0.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 119% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −71%, SMUPF screens richer than that median.
Fair Value models
Bear $3.27Fair Value $5.46Bull $7.88
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−6.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.8%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 34 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−5.1% (2020) → −0.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in AUD, Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +26.6% a year for the price and +5.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (91 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Steel · 406 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−20.8% · Below median
Profitability
Return on assets−0.5% · Bottom 25%
Net margin (TTM)−0.8% · Bottom 25%
Operating margin (TTM)0.4% · Bottom 25%
Growth and dividend
Revenue growth3.5% · Below median
Dividend yield (TTM)1.5% · Below median
Balance sheet
Debt / equity0.20× · Above median
Valuation Multiplesvs Steel median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Sims Limited Fair Value". https://www.fairvalue-calculator.com/stock/SMUPF
Frequently asked questions
Is Sims Limited (SMUPF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $5.46 versus a price of $18.60, about −71% upside (overvalued).
What is the fair value of SMUPF?
Our model-based fair value for Sims Limited is $5.46 (as of Sep 24, 2026), built from audited fundamentals. The current price: $18.60.
What is the quality score of SMUPF?
Sims Limited has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sims Limited (SMUPF)?
Our model-based price target is the fair value of $5.46 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario $3.27, optimistic scenario $7.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Sims Limited stock forecast for 2026?
Our models put fair value at $5.46, about −71% upside versus a price of $18.60 (overvalued). Cautious scenario $3.27, optimistic scenario $7.88. The calculation is refreshed regularly with new filings.
What is the revenue of Sims Limited (SMUPF)?
Sims Limited reported trailing-twelve-month revenue of about A$7.7B (latest available figure, as of Sep 24, 2026).
Does Sims Limited pay a dividend?
Sims Limited currently shows a dividend yield of about 1.45% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Sims Limited (SMUPF)?
For today's price to be fair in a discounted-cash-flow model, Sims Limited would have to grow free cash flow by +30.4 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SMUPF use?
Our models discount Sims Limited at 10.3 %: a base by market capitalisation (mid), damped by beta 1.22, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sims Limited that is +30.4 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Sims Limited (SMUPF) delivered so far?
Over the past 5 years revenue at Sims Limited grew +8.8 % a year. The price currently implies +30.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sims Limited (SMUPF) growing?
The median revenue growth in the sector is +7.6 % a year. That is the yardstick for the growth priced into Sims Limited (+30.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sims Limited (SMUPF)?
The free-cash-flow yield on the price is 2.00 %: that much free cash flow Sims Limited produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sims Limited (SMUPF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sims Limited it is $5.46 per share (as of Sep 24, 2026), against a price of $18.60. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Sims Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SMUPF trades above its calculated fair value: price $18.60, fair value $5.46, a gap of about −71% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SMUPF?
No. The price is what the market pays today ($18.60); the fair value is what the company's own numbers justify ($5.46). For Sims Limited the two are $13.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sims Limited worth?
The market values Sims Limited at about $4.0B (market capitalisation, as of Sep 24, 2026). Per share that is $18.60; our models calculate a fair value of $5.46 per share.
What do the bullish and bearish scenarios say about SMUPF?
Our models span a range for Sims Limited: cautious scenario $3.27, base $5.46, optimistic $7.88 per share (as of Sep 24, 2026, price $18.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SMUPF?
The PEG ratio of Sims Limited is 0.29 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Sims Limited (SMUPF)?
Balance-sheet figures for Sims Limited (as of Sep 24, 2026): return on equity −2.2%, debt of 0.20 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is SMUPF from its 52-week high?
Sims Limited trades at $18.60, about 9% below its 52-week high of $20.41 and 119% above the low of $8.48 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $5.46 is for.
Which stocks are comparable to Sims Limited?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sims Limited stock attractive at the current price?
The data as of Sep 24, 2026: price $18.60, calculated fair value $5.46 (−71%), Quality Score 62/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SMUPF calculated?
We run Sims Limited through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $5.46, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Sims Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sims Limited (SMUPF)?
The closing price on Oct 2, 2026 was $18.60. Our model-based fair value is $5.46, about −71% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sims Limited right now?
The price sits above even our optimistic bull case ($7.88). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($3.27 to $7.88) leaves room in how you read the outcome.
Key figures of Sims Limited
How large is the market capitalisation of Sims Limited (SMUPF)?
The market capitalisation of Sims Limited is $4.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sims Limited (SMUPF)?
The price-to-sales ratio of Sims Limited is 0.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sims Limited (SMUPF)?
Earnings per share at Sims Limited are $−0.2100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sims Limited (SMUPF)?
The dividend yield of Sims Limited is 1.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sims Limited (SMUPF)?
The net margin of Sims Limited is −0.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sims Limited (SMUPF)?
The return on equity (ROE) of Sims Limited is −2.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sims Limited (SMUPF)?
On an EBIT basis the return on assets of Sims Limited is 4.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sims Limited (SMUPF)?
The operating margin of Sims Limited is 0.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sims Limited (SMUPF)?
Revenue at Sims Limited is growing +3.5% versus a year earlier (3y avg −6.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sims Limited (SMUPF)?
Earnings per share at Sims Limited are growing −85.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sims Limited (SMUPF) carry?
The net debt of Sims Limited is A$607M (fiscal year 2025, ≈ 5.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 24, 2026