What is the true value of ZIM stock?
As of 2024-02-20, the Intrinsic Value of ZIM Integrated Shipping Services Ltd (ZIM) is 270.94 USD. This ZIM valuation is based on the model Peter Lynch Fair Value. With the current market price of 12.61 USD, the upside of ZIM Integrated Shipping Services Ltd is 2048.6%.
As of today (2024-02-12), ZIM Integrated Shipping Services's share price is $12.11. ZIM Integrated Shipping Services's Book Value per Share for the quarter that ended in Sep. 2023 was $21.35. Hence, ZIM Integrated Shipping Services's PB Ratio of today is 0.57.
Based on short-term price targets offered by four analysts, the average price target for ZIM Integrated Shipping Services comes to $11.33. The forecasts range from a low of $5.00 to a high of $20.00. The average price target represents a decline of 10.15% from the last closing price of $12.61.
Is ZIM stock undervalued or overvalued? Compared to the current market price of 12.61 USD, ZIM Integrated Shipping Services Ltd is Undervalued by 81%.
The average price target represents -10.15% Decrease from the current price of $12.61. What do analysts say about ZIM Integrated Shipping Services? ZIM Integrated Shipping Services's analyst rating consensus is a Hold. This is based on the ratings of 4 Wall Streets Analysts.
Zacks' proprietary data indicates that ZIM Integrated Shipping Services Ltd. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the ZIM shares relative to the market in the next few months.
According to 4 Wall Street analysts that have issued a 1 year ZIM price target, the average ZIM price target is $10.43, with the highest ZIM stock price forecast at $20.00 and the lowest ZIM stock price forecast at $5.00.
Largest shareholders include Susquehanna International Group, Llp, Menora Mivtachim Holdings Ltd., BlackRock Inc., Morgan Stanley, Citadel Advisors Llc, Susquehanna International Group, Llp, Citadel Advisors Llc, American Century Companies Inc, AVDV - Avantis International Small Cap Value ETF, and Jefferies Group LLC .
According to our current ZIM stock forecast, the value of ZIM Integrated Shipping Services Ltd. shares will rise by 4.58% and reach $ 12.60 per share by February 20, 2024.
ZIM Integrated stock price has been declining due to poor Q3 results and depressed freight rates. Recent events in the Red Sea, such as missile strikes on cargo vessels, have sparked a short squeeze and potential increase in freight prices.
What is the future of ZIM?
Future Growth
ZIM Integrated Shipping Services's revenue is forecast to decline at 0.3% per annum while its annual earnings are expected to grow at 80.4% per year. EPS is expected to grow by 80.3% per annum. Return on equity is forecast to be -10.6% in 3 years.
After the company disappointed investors with a weaker-than-expected first-quarter 2023 earnings report and offered an inauspicious outlook on 2023, the stock price of ZIM Integrated Shipping Services(NYSE: ZIM) plunged more than 16% yesterday. And it doesn't look as if the sell-off will be ending today.
Past Earnings Performance
ZIM Integrated Shipping Services has been growing earnings at an average annual rate of 42.8%, while the Shipping industry saw earnings growing at 47.5% annually. Revenues have been growing at an average rate of 29.4% per year.
Dividend Summary
The previous Zim Integrated Shipping Services Ltd dividend was 640c and it went ex 11 months ago and it was paid 11 months ago. There are typically 4 dividends per year (excluding specials).
Whereas one year ago, ZIM was riding high atop a $1.3 billion net profit for Q2 2022, this time around the company sank into a $213 million loss. Management blamed "a non-cash after tax item of $51 million related to the redelivery of certain vessels" for part of the loss.
The company's headquarters are in Haifa, Israel; Originating in 1945, ZIM has traded on the New York Stock Exchange since 2021.
Number of shares outstanding as of February 2024 : 120,219,761. According to ZIM Integrated Shipping Services's latest financial reports and stock price the company's current number of shares outstanding is 120,219,761. At the end of 2023 the company had 120,219,761 shares outstanding.
ZIM Integrated Shipping Services has an overall rating of 4.3 out of 5, based on over 1,402 reviews left anonymously by employees. 92% of employees would recommend working at ZIM Integrated Shipping Services to a friend and 84% have a positive outlook for the business.
Total debt on the balance sheet as of September 2023 : $4.74 B. According to ZIM Integrated Shipping Services's latest financial reports the company's total debt is $4.74 B. A company's total debt is the sum of all current and non-current debts.
Is ZIM stock undervalued or overvalued? Compared to the current market price of 14.75 USD, ZIM Integrated Shipping Services Ltd is Undervalued by 32%.
Does BlackRock own ZIM?
BlackRock Inc. reports 5.74% increase in ownership of ZIM / ZIM Integrated Shipping Services Ltd. On November 13, 2023 - BlackRock Inc. filed a 13F-HR form disclosing ownership of 2,297,323 shares of ZIM Integrated Shipping Services Ltd. (US:ZIM) valued at $24,007,025 USD as of September 30, 2023.
As opposed to other major carriers, ZIM relies heavily on the chartering of ships. As of May 2023, only 8 of ZIM's ships were owned by the company, while 131 were chartered.
ZIM Shipping Containers
ZIM operates about 547,000 TEUs containers of various types.
HARARE, December 13, 2023 — Economic growth is projected to slow to 3.5 percent in 2024, a decrease from 4.5 percent in 2023, as agricultural output is expected to suffer from depressed global growth and the predicted erratic and below-average rainfall caused by the El Niño weather pattern, according to the fourth ...
Yes, ZIM has paid a dividend within the past 12 months. How much is ZIM Integrated Shipping Services's dividend? ZIM pays a dividend of $6.4 per share. ZIM's annual dividend yield is 128.6%.
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