Free Trial
NYSE:ZIM

ZIM Integrated Shipping Services (ZIM) Stock Price, News & Analysis

ZIM Integrated Shipping Services logo
$22.04 -0.06 (-0.27%)
(As of 11/29/2024 ET)

About ZIM Integrated Shipping Services Stock (NYSE:ZIM)

Key Stats

Today's Range
$21.72
$22.97
50-Day Range
$18.61
$27.01
52-Week Range
$6.78
$30.15
Volume
8.38 million shs
Average Volume
7.61 million shs
Market Capitalization
$2.65 billion
P/E Ratio
1.85
Dividend Yield
5.26%
Price Target
$15.74
Consensus Rating
Reduce

Company Overview

ZIM Integrated Shipping Services Ltd. is a relatively new company with a long history. The company was originally formed in 1947 by a trio of Israeli-oriented agencies and called the Zim Palestinian Navigation Company. The word Zim is a derivative of the Hebrew word for “fleet of ships” as described in Numbers 24:24. In 1948, after the establishment of the state of Israel, the company was renamed Zim Israeli Navigation Company and it proceeded to transport immigrants and supplies to the fledgling nation.

The early years were spent transporting goods and people to and from the state of Israel but expansion began in the 1950s. At the time, the company was focused on both people and cargo but passenger lines were phased out due to increasing competition from airlines. By the 1970s, the company was only transporting cargo and then, during the 1970s, it began to focus on containers and intermodal container shipping.

Early plans for an IPO were dashed by the 2008 global financial crisis and then, in 2009, a needed cash injection resulted in a majority sale to the Ofer family which retains a large share to this day. The cash injection and restructuring allowed the company to survive, which is the salient point, and then in 2014, it underwent another restructuring. The company did not come to the public market until 2021 at which time it changed its name to ZIM Integrated Shipping Services. The stock now trades on the NYSE under the ticker ZIM. In March 2021 the company reported record revenue and profits.

Today, Zim, with its network of subsidiaries, is a top-20 shipper globally. The company is a leader in container shipping and ranked 10th in that field. The company provides a range of services that include door-to-door and port-to-port transportation of goods for customers of all varieties. The company’s fleet size tends to vary with business, it owns a number of ships but contracts out for more as necessary.

The company also offers ZIMonitor, a premium reefer cargo tracking service as well as a host of other value-added digitized services. As of 2022, the company had operations in more than 100 countries and served more than 350 ports of call. The largest ship in the fleet is the Maersk Yukon which is registered in Singapore. Its gross tonnage is more than 114,000 tonnes, it is 349 meters long and more than 45 meters wide. Customers using Zim can schedule their shipping needs on a point-to-point, by vessel, by port or by carrier basis.

ZIM Integrated Shipping Services Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
59th Percentile Overall Score

ZIM MarketRank™: 

ZIM Integrated Shipping Services scored higher than 59% of companies evaluated by MarketBeat, and ranked 80th out of 128 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    ZIM Integrated Shipping Services has received a consensus rating of Reduce. The company's average rating score is 1.57, and is based on no buy ratings, 1 hold rating, and 5 sell ratings.

  • Amount of Analyst Coverage

    ZIM Integrated Shipping Services has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about ZIM Integrated Shipping Services' stock forecast and price target.
  • Earnings Growth

    Earnings for ZIM Integrated Shipping Services are expected to decrease by -98.80% in the coming year, from $16.70 to $0.20 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of ZIM Integrated Shipping Services is 1.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 107.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of ZIM Integrated Shipping Services is 1.85, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.73.

  • Price to Earnings Growth Ratio

    ZIM Integrated Shipping Services has a PEG Ratio of 0.05. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    ZIM Integrated Shipping Services has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    13.53% of the float of ZIM Integrated Shipping Services has been sold short.
  • Short Interest Ratio / Days to Cover

    ZIM Integrated Shipping Services has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ZIM Integrated Shipping Services has recently increased by 5.33%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    ZIM Integrated Shipping Services is a leading dividend payer. It pays a dividend yield of 5.26%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    ZIM Integrated Shipping Services does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of ZIM Integrated Shipping Services is 9.72%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on EPS estimates, ZIM Integrated Shipping Services will have a dividend payout ratio of 580.00% in the coming year. This indicates that ZIM Integrated Shipping Services may not be able to sustain their current dividend.

  • Read more about ZIM Integrated Shipping Services' dividend.
  • Percentage of Shares Shorted

    13.53% of the float of ZIM Integrated Shipping Services has been sold short.
  • Short Interest Ratio / Days to Cover

    ZIM Integrated Shipping Services has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in ZIM Integrated Shipping Services has recently increased by 5.33%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    ZIM Integrated Shipping Services has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for ZIM Integrated Shipping Services this week, compared to 6 articles on an average week.
  • Search Interest

    115 people have searched for ZIM on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.
  • MarketBeat Follows

    34 people have added ZIM Integrated Shipping Services to their MarketBeat watchlist in the last 30 days. This is an increase of 70% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, ZIM Integrated Shipping Services insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.30% of the stock of ZIM Integrated Shipping Services is held by insiders.

  • Percentage Held by Institutions

    Only 21.42% of the stock of ZIM Integrated Shipping Services is held by institutions.

  • Read more about ZIM Integrated Shipping Services' insider trading history.
Receive ZIM Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for ZIM Integrated Shipping Services and its competitors with MarketBeat's FREE daily newsletter.

ZIM Stock News Headlines

Nakhodka, Russia- 05.08.2015:Bunkering tanker Zaliv America container ship MSC Bruxelles. Nakhodka Bay. East (Japan) Sea. 05.08.2015 — Stock Editorial Photography
Oil’s Rally Could Boost These 3 Shipping Stocks (ZIM)
As oil prices look to rally in the coming months, three shipping stocks could also breakout. Institutional buyers are behind this trend and buying
Watch this before it gets removed
If you missed it, my emergency election broadcast is now available - but will be removed soon
Zim Integrated Shipping Services Ltd
ZIM Integrated Shipping: Why The Valuation Could Double
See More Headlines

ZIM Stock Analysis - Frequently Asked Questions

ZIM Integrated Shipping Services' stock was trading at $9.87 on January 1st, 2024. Since then, ZIM shares have increased by 123.3% and is now trading at $22.04.
View the best growth stocks for 2024 here
.

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) posted its earnings results on Monday, August, 19th. The company reported $3.08 EPS for the quarter, beating the consensus estimate of $2.07 by $1.01. The company earned $1.93 billion during the quarter, compared to analyst estimates of $1.71 billion. ZIM Integrated Shipping Services had a trailing twelve-month return on equity of 48.63% and a net margin of 19.26%.

ZIM Integrated Shipping Services (ZIM) raised $306 million in an IPO on Thursday, January 28th 2021. The company issued 17,500,000 shares at a price of $16.00-$19.00 per share. Citigroup, Goldman Sachs, Barclays, Jefferies and Clarksons Plateau Securities acted as the underwriters for the IPO.

Top institutional shareholders of ZIM Integrated Shipping Services include Two Sigma Advisers LP (2.10%), State Street Corp (1.03%), Charles Schwab Investment Management Inc. (0.72%) and Connor Clark & Lunn Investment Management Ltd. (0.50%).

Shares of ZIM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that ZIM Integrated Shipping Services investors own include Zomedica (ZOM), Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), Broadcom (AVGO), IDEXX Laboratories (IDXX) and Johnson & Johnson (JNJ).

Company Calendar

Last Earnings
8/19/2024
Ex-Dividend for 9/5 Dividend
8/29/2024
Dividend Payable
9/05/2024
Today
12/01/2024
Ex-Dividend for 12/9 Dividend
12/02/2024
Dividend Payable
12/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
Transportation
Fax
N/A
Employees
4,778
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.74
High Stock Price Target
$25.00
Low Stock Price Target
$10.50
Potential Upside/Downside
-28.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.57
Research Coverage
7 Analysts

Profitability

Net Income
$-2,695,600,000.00
Pretax Margin
19.65%

Debt

Sales & Book Value

Annual Sales
$5.16 billion
Cash Flow
$7.18 per share
Book Value
$32.65 per share

Miscellaneous

Free Float
118,824,000
Market Cap
$2.65 billion
Optionable
Not Optionable
Beta
1.88
20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

This page (NYSE:ZIM) was last updated on 12/1/2024 by MarketBeat.com Staff
From Our Partners