Are ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares too expensive at this price?

As of close of business last night, ZIM Integrated Shipping Services Ltd.’s stock clocked out at $18.69, down -0.53% from its previous closing price of $18.79. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 2792116 shares were traded. ZIM stock price reached its highest trading level at $19.00 during the session, while it also had its lowest trading level at $18.26.

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Ratios:

To gain a deeper understanding of ZIM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.35. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.54.

Upgrades & Downgrades

On July 21, 2022, Jefferies started tracking the stock assigning a Hold rating and target price of $55.

BofA Securities Downgraded its Buy to Underperform on July 01, 2022, whereas the target price for the stock was revised from $79 to $40.

Valuation Measures:

As of this moment, ZIM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 0.38, and their Forward P/E ratio for the next fiscal year is 21.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 0.39.

Stock Price History:

Over the past 52 weeks, ZIM has reached a high of $91.23, while it has fallen to a 52-week low of $16.23. The 50-Day Moving Average of the stock is 19.85, while the 200-Day Moving Average is calculated to be 38.65.

Shares Statistics:

It appears that ZIM traded 4.20M shares on average per day over the past three months and 4.08M shares per day over the past ten days. A total of 120.05M shares are outstanding, with a floating share count of 80.39M. Insiders hold about 27.05% of the company’s shares, while institutions hold 38.80% stake in the company. Shares short for ZIM as of Oct 13, 2022 were 13.58M with a Short Ratio of 17.74M, compared to 10.58M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 11.31% and a Short% of Float of 15.48%.

Dividends & Splits

With its trailing 12-month dividend rate of 2.50, ZIM has a forward annual dividend rate of 30.05. Against a Trailing Annual Dividend Yield of 13.30%, it implies a Forward Annual Dividend Yield of 111.39%.

Earnings Estimates

As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $9.54 for the current quarter, with a high estimate of $10.39 and a low estimate of $8.85, while EPS last year was $12.16. The consensus estimate for the next quarter is $4.1, with high estimates of $5.59 and low estimates of $1.14.

Analysts are recommending an EPS of between $43.12 and $36.45 for the fiscal current year, implying an average EPS of $39.98. EPS for the following year is $8.12, with 6 analysts recommending between $12.43 and $1.64.

Revenue Estimates

A total of 7 analysts have provided revenue estimates for ZIM’s current fiscal year. The highest revenue estimate was $13.29B, while the lowest revenue estimate was $12.29B, resulting in an average revenue estimate of $12.79B. In the same quarter a year ago, actual revenue was $10.73B, up 19.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $7.66B in the next fiscal year. The high estimate is $8.84B and the low estimate is $5.77B. The average revenue growth estimate for next year is down -40.10% from the average revenue estimate for this year.