Is ZIM Integrated Shipping Services Ltd. (ZIM) Good For Your Portfolio?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) saw an upside of 4.45% to $45.94 after adding $1.96 on Tuesday. The 5-day average trading volume is 2,320,764 shares of the company’s common stock. It has gained $46.95 in the past week. An average of 2,858,796 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,622,096.

ZIM’s 1-month performance is -24.96% or -$12.65 on its low of $42.14 reached on 10/06/21. The company’s shares have touched a 52-week low of $10.87 and high of $62.20. YTD, ZIM has achieved 298.93%. However, the current price is down -26.15%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 6.094 and a low of 2.032. ZIM stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.79 while the price-to-book (PB) in the most recent quarter is 2.95, with the price to cash flow ratio at 1.95.

ZIM Integrated Shipping Services Ltd.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20 meaning that ZIM stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.91, while the total debt to equity was 1.37. In terms of profitability, the gross margin trailing 12 months is 41.00%. The trailing 12-month EBITDA margin is 25.37% while for the period ending June 29; ZIM Integrated Shipping Services Ltd.’s operating margin was 38.00%. The firm’s gross profit as reported stood at $865.02 million against revenue of $3.99 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ZIM to announce $5.22 per share in earnings in its latest quarter, but it posted $7.39, representing a 41.60% surprise. EBITDA for the quarter stood at more than $1.39 billion. ZIM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.88 billion, with total debt at $2.35 billion

Technical Picture

Let’s look briefly at ZIM Integrated Shipping Services Ltd. (ZIM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 37.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 66.85%.

The stock’s 5-day moving average is $44.49, reflecting a +4.19% or $1.85 change from its current price. ZIM is currently trading -19.54% above its 20-day SMA, +5.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.47%.

Stochastic %K and %D was 14.22% and 12.27% and the average true range (ATR) pointed at 3.08. The RSI (14) points at 40.27%, while the 14-day stochastic is at 21.75% with the period’s ATR at 3.09. The stock’s 9-day MACD Oscillator is pointing at -0.99 and -4.37 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), JP Morgan launched coverage with an Underweight rating. Analysts offering their rating for ZIM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ZIM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is ZIM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $46.02 and a high of $90.00, with their median price target at $67.00. Looking at these predictions, the average price target given by analysts is for ZIM Integrated Shipping Services Ltd. (ZIM) stock is $64.57.

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