ZIM Integrated Shipping Services Stock Price | ZIM Stock Quote, News, and History | Markets Insider (2024)

FAQs

What is the future forecast for ZIM stock? ›

Stock Price Forecast

The 5 analysts with 12-month price forecasts for ZIM stock have an average target of 12.01, with a low estimate of 7.80 and a high estimate of 20. The average target predicts a decrease of -40.43% from the current stock price of 20.16.

ZIM Stock Forecast FAQ

The average price target for ZIM Integrated Shipping Services is $12.29.

ZIM Integrated Shipping Services stock has received a consensus rating of hold. The average rating score is and is based on 6 buy ratings, 15 hold ratings, and 10 sell ratings.

On May 21, 2024, ZIM announced a dividend payment of $0.23 per ordinary share (approximately $28.0 million), to holders of the ordinary shares as of June 4, 2024. Payment of the Dividend is expected to be made on June 11, 2024 (the "Payment Date").

ZIM Dividend Information

ZIM has a dividend yield of 1.17% and paid $0.23 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Jun 4, 2024.

Per our dividend policy, we declared a dividend of $0.23 per share, or $28 million, representing 30% of quarterly net income."

As of 2024-06-20, the Intrinsic Value of ZIM Integrated Shipping Services Ltd (ZIM) is (257.46) USD.

Last dividend for ZIM Integrated Shipping Service (ZIM) as of June 18, 2024 is 0.23 USD. The forward dividend yield for ZIM as of June 18, 2024 is 2.44%.

(NYSE: ZIM) has established itself as a leading global container liner shipping company with global operations in over 90 countries serving more than 32,000 customers in approximately 300 ports worldwide.

Good news, investors! ZIM Integrated Shipping Services is still a bargain right now. According to our valuation, the intrinsic value for the stock is $24.36, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.

Why is ZIM shipping stock so cheap? ›

The stock was caught in the doldrums last year due to weak demand and investor concerns about its debt. But the company's outlook improved in early 2024 as tensions in the Middle East disrupted key shipping lanes and caused shipping rates to climb.

Largest shareholders include Ion Asset Management Ltd., Susquehanna International Group, Llp, Susquehanna International Group, Llp, Citadel Advisors Llc, Susquehanna International Group, Llp, Menora Mivtachim Holdings Ltd., BlackRock Inc., Citadel Advisors Llc, Morgan Stanley, and American Century Companies Inc .

ZIM stock's earnings outlook

As seen, the outlook is pretty gloomy. To wit, analysts' expectations for ZIM stock's EPS are all negative for the next three years. For FY 2024, the consensus estimate is a loss of $3.42 per share. And the loss is expected to further widen to $5.71 in FY 2025.

Net debt position as of December 31, 2023, was $2.31 billion compared to a net cash position of $279 million as of December 31, 2022, a decrease of $2.59 billion. ZIM's net leverage ratio as of December 31, 2023, was 2.2x, compared to 0.0x as of December 31, 2022.

Zimplats Holdings Limited (ASX:ZIM) shareholders might be concerned after seeing the share price drop 22% in the last quarter. But in stark contrast, the returns over the last half decade have impressed. We think most investors would be happy with the 115% return, over that period.

The main competitors of ZIM Integrated Shipping Services include Frontline (FRO), Scorpio Tankers (STNG), TORM (TRMD), Star Bulk Carriers (SBLK), Cadeler A/S (CDLR), SFL (SFL), DHT (DHT), Costamare (CMRE), Danaos (DAC), and Dorian LPG (LPG).