After finishing at $12.01 in the prior trading day, Zim Integrated Shipping Services Ltd (NYSE: ZIM) closed at $10.95, down -8.83%. In other words, the price has decreased by -$1.06 from its previous closing price. On the day, 7107242 shares were traded.
Ratios:
Our goal is to gain a better understanding of ZIM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.85 whereas as Long-Term Debt/Eq ratio is at 1.18.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on January 29, 2024, Upgraded its rating to Buy and sets its target price to $20 from $14 previously.
JP Morgan Upgraded its Neutral to Overweight on September 18, 2023, while the target price for the stock was maintained at $15.40.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZIM now has a Market Capitalization of 1.44B and an Enterprise Value of 4.36B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 0.71 whereas that against EBITDA is -43.65.
Stock Price History:
Over the past 52 weeks, ZIM has reached a high of $25.12, while it has fallen to a 52-week low of $6.39. The 50-Day Moving Average of the stock is 12.56, while the 200-Day Moving Average is calculated to be 11.59.
Shares Statistics:
The stock has traded on average 8.14M shares per day over the past 3-months and 3.83M shares per day over the last 10 days, according to various share statistics. A total of 120.15M shares are outstanding, with a floating share count of 95.33M. Insiders hold about 20.68% of the company’s shares, while institutions hold 22.32% stake in the company. Shares short for ZIM as of Feb 15, 2024 were 26.52M with a Short Ratio of 3.26, compared to 26.23M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.05% and a Short% of Float of 27.80%.
Dividends & Splits
In the trailing 12 months, ZIM’s forward annual dividend rate was 6.40, compared to 6.40 this year.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$1.29 for the current quarter, with a high estimate of -$0.5 and a low estimate of -$1.94, while EPS last year was $3.44. The consensus estimate for the next quarter is -$0.83, with high estimates of $0.84 and low estimates of -$1.79.
Analysts are recommending an EPS of between -$4.55 and -$22.31 for the fiscal current year, implying an average EPS of -$13.43. EPS for the following year is -$2.59, with 8 analysts recommending between $6.25 and -$13.21.
Revenue Estimates
6 analysts predict $1.28B in revenue for the current quarter. It ranges from a high estimate of $1.55B to a low estimate of $1.2B. As of the current estimate, Zim Integrated Shipping Services Ltd’s year-ago sales were $2.19B, an estimated decrease of -41.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.31B, a decrease of -4.50% over than the figure of -$41.70% in the same quarter last year. There is a high estimate of $1.42B for the next quarter, whereas the lowest estimate is $1.2B.
A total of 8 analysts have provided revenue estimates for ZIM’s current fiscal year. The highest revenue estimate was $5.76B, while the lowest revenue estimate was $5.11B, resulting in an average revenue estimate of $5.23B. In the same quarter a year ago, actual revenue was $12.56B, down -58.30% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $5.31B in the next fiscal year. The high estimate is $6.46B and the low estimate is $4.03B. The average revenue growth estimate for next year is up 1.40% from the average revenue estimate for this year.
