Radius Recycling Premium Looks Positive for Rival Sims -- Market Talk

Dow Jones

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0240 GMT - The planned acquisition of Radius Recycling by a U.S. unit of Toyota Tsusho at a roughly 115% premium looks positive for ASX-listed metals recycler Sims, says Citi analyst Paul McTaggart. The Radius deal represents an EV/Ebitda multiple of 7.4X on 2027 estimates and a trailing three-year multiple of 8.3X, based on Visible Alpha consensus, says McTaggart. "We see this as a positive read-across for SGM with SGM trading on FY27 EV/Ebitda of 3.4X," he says. Citi has a neutral rating and A$15.50 target on Sims. The stock is up 4.7% at A$14.45. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 13, 2025 22:40 ET (02:40 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The Radius deal represents an EV/Ebitda multiple of 7.4X on 2027 estimates and a trailing three-year multiple of 8.3X, based on Visible Alpha consensus, says McTaggart. \"We see this as a positive read-across for SGM with SGM trading on FY27 EV/Ebitda of 3.4X,\" he says. Citi has a neutral rating and A$15.50 target on Sims. The stock is up 4.7% at A$14.45. 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The Radius deal represents an EV/Ebitda multiple of 7.4X on 2027 estimates and a trailing three-year multiple of 8.3X, based on Visible Alpha consensus, says McTaggart. \"We see this as a positive read-across for SGM with SGM trading on FY27 EV/Ebitda of 3.4X,\" he says. Citi has a neutral rating and A$15.50 target on Sims. The stock is up 4.7% at A$14.45. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2025 22:40 ET (02:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TM","symbol_name":"豐田汽車","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2519163018","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519163018","pubTimestamp":1741920000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0240 GMT - The planned acquisition of Radius Recycling by a U.S. unit of Toyota Tsusho at a roughly 115% premium looks positive for ASX-listed metals recycler Sims, says Citi analyst Paul McTaggart. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TM":"丰田汽车","SMSMY":"Sims Ltd","RDUS":"Radius Recycling","BK4588":"碎股","NEX.SI":"绿达环球有限公司","BK4099":"汽车制造商","BK6520":"工商业服务概念","03160":"华夏日股对冲","BK6039":"环境与设施服务","SES.SI":"Shanaya","BK4006":"钢铁","BK4585":"ETF&股票定投概念","BK7129":"钢铁","BK4139":"生物科技","BK4604":"机器人概念","SGM.AU":"SIMS LTD","BK4555":"新能源车"},"translate_title":"Radius Recycling Premium看起来对竞争对手Sims有利——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SES.SI":1,"RDUS":1,"NEX.SI":1,"SMSMY":0.9,"SGM.AU":0.9,"TM":0.79,"03160":0.6},"content_text":"0240 GMT - The planned acquisition of Radius Recycling by a U.S. unit of Toyota Tsusho at a roughly 115% premium looks positive for ASX-listed metals recycler Sims, says Citi analyst Paul McTaggart. The Radius deal represents an EV/Ebitda multiple of 7.4X on 2027 estimates and a trailing three-year multiple of 8.3X, based on Visible Alpha consensus, says McTaggart. \"We see this as a positive read-across for SGM with SGM trading on FY27 EV/Ebitda of 3.4X,\" he says. Citi has a neutral rating and A$15.50 target on Sims. The stock is up 4.7% at A$14.45. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2025 22:40 ET (02:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}