View All News 16 August 2023 Reported Revenues of $1.3 Billion, Net Loss of $213 Million, Adjusted EBITDA1of $275 Million and Adjusted EBIT Loss 1 of $147 Million HAIFA, Israel, Aug. 16, 2023 /PRNewswire/ --ZIM Integrated Shipping Services Ltd.(NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and six months ended June 30, 2023. Second Quarter 2023 Highlights Eli Glickman, ZIM President & CEO, stated, "We continue to take proactive steps to respond to current market realities, with a focus on minimizing costs while optimizing our commercial strategy. We have taken action to rationalize our existing capacity and routinely review our services to adapt our network to customer preferences and identify new commercial opportunities. We also explore opportunities to leverage operational collaborations to improve efficiencies. At the same time, as the year progresses, and into 2024, we expect our cost structure to improve in tandem with the delivery of our highly competitive, fuel-efficient, newbuild tonnage, including 28 LNG-powered vessels." Mr. Glickman added, "Although our second quarter results reflected continued near-term challenges in the container shipping market, our total cash position of $3.2 billion at quarter's end remains strong. We believe our ample liquidity and solid balance sheet will enable ZIM to operate from a position of strength and maintain a long-term view even during a prolonged period of market weakness. As we overhaul our fleet profile and advance ESG objectives, for both ZIM and customers, we remain confident in the Company's strategic positioning to drive profitable growth over the long term." Mr. Glickman concluded, "Based on a soft peak season and demand that is expected to remain subdued for the remainder of the year, ZIM forecasts full year Adjusted EBITDA of $1.2 billion to $1.6 billion and Adjusted EBIT loss of $500 million to $100 million in 2023. Moving ahead, we are committed to leveraging digital initiatives, enhancing our commercial and operational resilience, and further implementing our differentiated strategy to best serve our customers and generate sustainable value for shareholders." Summary of Key Financial and Operational Results Q2.23 Q2.22 1H.23 1H.22 Carried volume (K-TEUs).................................. 860 856 1,629 1,715 Average freight rate ($/TEU)............................. 1,193 3,596 1,286 3,722 Total Revenues ($ in millions)........................... 1,310 3,429 2,684 7,145 Operating income (loss) (EBIT) ($ in millions) (168) 1,764 (182) 4,007 Profit (loss) before income tax ($ in millions).... (272) 1,736 (337) 3,955 Net income (loss) ($ in millions)........................ (213) 1,336 (271) 3,047 Adjusted EBITDA 1 ($ in millions)...................... 275 2,101 648 4,634 Adjusted EBIT 1 ($ in millions)........................... (147) 1,764 (160) 4,006 Adjusted EBITDA margin (%)............................ 21 61 24 65 Adjusted EBIT margin (%)................................. (11) 51 (6) 56 Diluted earnings (loss) per share ($)................. (1.79) 11.07 (2.29) 25.26 Net cash generated from operating 347 1,710 520 3,370 Free cash flow 1 ($ in millions)........................... 321 1,639 463 3,122 JUN.23 DEC.22 Net debt (Net cash) 1 ($ in millions)................... 1,633 (279) Financial and Operating Results for the Second Quarter Ended June 30, 2023 Total revenues were $1.31 billion for the second quarter of 2023, compared to $3.43 billion for the second quarter of 2022. ZIM carried 860 thousand TEUs in the second quarter of 2023, compared to 856 thousand TEUs in the second quarter of 2022. The average freight rate per TEU was $1,193 for the second quarter of 2023, compared to $3,596 for the second quarter of 2022. Operating loss (EBIT) for the second quarter of 2023 was $168 million, compared to operating income of $1,764 million for the second quarter of 2022, resulting mainly from the decrease in freight rates. Net loss for the second quarter of 2023 was $213 million, compared to net income of $1,336 million for the second quarter of 2022. The expected redelivery of certain vessels sold and leased back by the Company in 2018 negatively impacted net loss by a non-cash after tax amount of $51 million. Adjusted EBITDA was $275 million for the second quarter of 2023, compared to $2,101 million for the second quarter of 2022. Adjusted EBIT loss was $147 million for the second quarter of 2023, compared to Adjusted EBIT of $1,764 million for the second quarter of 2022. Adjusted EBITDA and Adjusted EBIT margins for the second quarter of 2023 were 21% and -11%, respectively. This compares to 61% and 51% for the second quarter of 2022, respectively. Net cash generated from operating activities was $347 million for the second quarter of 2023, compared to $1,710 million for the second quarter of 2022. Financial and Operating Results for the Six Months Ended June 30, 2023 Total revenues were $2.68 billion for the first half of 2023, compared to $7.15 billion for the first half of 2022, primarily driven by the decrease in freight rates. ZIM carried 1,629 thousand TEUs in the first half of 2023, compared to 1,715 thousand TEUs in the first half of 2022. The average freight rate per TEU was $1,286 for the first half of 2023, compared to $3,722 for the first half of 2022. Operating loss (EBIT) for the first half of 2023 was $182 million, compared to operating income of $4,007 million for the first half of 2022. The decrease in operating income for the first half of 2023 was primarily driven by the above-mentioned decrease in revenues. Net loss for the first half of 2023 was $271 million, compared to net income of $3,047 million for the first half of 2022. The expected redelivery of certain vessels sold and leased back by the Company in 2018 negatively impacted second quarter net loss by a non-cash after tax amount of $51 million. Adjusted EBITDA was $648 million for the first half of 2023, compared to $4,634 million for the first half of 2022. Adjusted EBIT loss was $160 million for the first half of 2023, compared to $4,006 million for the first half of 2022. Adjusted EBITDA and Adjusted EBIT margins for the first half of 2023 were 24% and -6%, respectively. This compares to 65% and 56% for the first half of 2022. Net cash generated from operating activities was $520 million for the first half of 2023, compared to $3,370 million for the first half of 2022. Liquidity, Cash Flows and Capital Allocation ZIM's total cash position (which includes cash and cash equivalents and investments in bank deposits and other investment instruments) decreased by $1.4 billion from $4.6 billion as of December 31, 2022 to $3.2 billion as of June 30, 2023.4 Capital expenditures totaled $26 million for the second quarter of 2023, compared to $82 million for the second quarter of 2022. Net debt position as of June 30, 2023, was $1,633 million compared to net cash position of $279 million as of December 31, 2022, a change of $1,912 million. ZIM's net leverage ratio as of June 30, 2023, was 0.5x, compared to 0.0x as of December 31, 2022. Use of Non-IFRS Measures in the Company's 2023 Guidance A reconciliation of the Company's non-IFRS financial measures included in its full-year 2023 guidance to corresponding IFRS measures is not available on a forward-looking basis. In particular, the Company has not reconciled its Adjusted EBITDA and Adjusted EBIT because the various reconciling items between such non-IFRS financial measures and the corresponding IFRS measures cannot be determined without unreasonable effort due to the uncertainty regarding, and the potential variability of, the future costs and expenses for which the Company adjusts, the effect of which may be significant, and all of which are difficult to predict and are subject to frequent change. Full-Year 2023 Guidance As previously announced on July 12, 2023, the Company expects to generate Adjusted EBITDA of between $1.2 billion and $1.6 billion and Adjusted EBIT loss of $500 to $100 million. This guidance reflects continued weakness in freight rates across all the Company's trades, particularly in the Transpacific, which the Company expects to continue during the second half of 2023. Volume growth is also expected to be lower than originally forecasted, as demand continues to be subdued. Dividend Policy and Second Quarter 2023 Dividend ZIM's dividend policy remains unchanged, according to which the Company intends to distribute 30-50% of annual net income as a dividend to shareholders. Dividend payments will be made on a quarterly basis at a rate of approximately 30% of the net quarterly income of the first three fiscal quarters of the year (cumulatively), while the total annual dividend amount to be distributed by the Company (including any interim dividends paid during the first three fiscal quarters of the year) will total 30-50% of the annual net income. All future dividends are subject to the Company's Board discretion and to the restrictions provided by Israeli law. In accordance with its dividend policy and in light of the net loss recorded in the second quarter of 2023, the Company will not distribute a dividend to shareholders on account of its second quarter results. Conference Call Details Management will host a conference call and webcast (along with a slide presentation) to review the results and provide a corporate update today at 8:00 AM ET. To access the live conference call by telephone, please dial the following numbers: United States +1-800-715-9871 (toll free) or +1-646-307-1963; Israel +972-3-376-1144, UK/international +44-(0)20-3481-4247, and reference conference ID 8182738. The call (and slide presentation) will be available via live webcast through ZIM's website, located at the following link. Following the conclusion of the call, a replay of the conference call will be available on the Company's website. About ZIM Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with established operations in more than 90 countries serving approximately 34,000 customers in over 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM's differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com. Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about the Company, may include projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company's current expectations and projections about future events or results. There are important factors that could cause the Company's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: market changes in freight, bunker, charter and other rates or prices, supply-demand fluctuations in the containerized shipping market, new legislation or regulation affecting the Company's operations, new competition and changes in the competitive environment, our ability to achieve cost savings or expense reductions, the outcome of legal proceedings to which the Company is a party, global, regional and/or local political instability, inflation rate fluctuations, capital markets fluctuations and other risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (SEC), including under the caption "Risk Factors" in its 2022 Annual Report filed with the SEC on March 13, 2023. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law. The Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). Use of Non-IFRS Financial Measures The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute for operating income, any other performance measures, or cash flow data, which were prepared in accordance with Generally Accepted Accounting Principles as measures of profitability or liquidity. Please note that Adjusted EBITDA does not take into account debt service requirements, or other commitments, including capital expenditures, and therefore, does not necessarily indicate the amounts that may be available for the Company's use. In addition, the non-IFRS financial measures presented by the Company, may not be comparable to similarly titled measures reported by other companies, due to differences in the way these measures are calculated. Adjusted EBITDAis a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net, income taxes, depreciation and amortization in order to reach EBITDA, and further adjusted to exclude impairment of assets, non-cash charter hire expenses, capital gains (losses) beyond the ordinary course of business and expenses related to legal contingencies. Adjusted EBITis a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net and income taxes, in order to reach our results from operating activities, or EBIT, and further adjusted to exclude impairment of assets, non-cash charter hire expenses, capital gains (losses) beyond the ordinary course of business and expenses related to legal contingencies. Free cash flowis a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net. Net debtis a non-IFRS financial measure which we define as face value of short- and long-term debt, minus cash and cash equivalents, bank deposits and other investment instruments. We refer to this measure as net cash when cash and cash equivalents, bank deposits and other investment instruments exceed the face value of short- and long-term debt. Net leverage ratiois a non-IFRS financial measure which we define as net debt (see above) divided by Adjusted EBITDA for the last twelve-month period. When our net debt is less than zero, we report the net leverage ratio as zero. See the reconciliation of net income to Adjusted EBITDA and Adjusted EBIT and net cash generated from operating activities to free cash flow in the tables provided below. Investor Relations: Elana Holzman Leon Berman Media: Avner Shats CONSOLIDATED BALANCE SHEET Jun-30 Dec-31 2023 2022 2022 (Unaudited) (Unaudited) (Audited) Assets Vessels 5,005.4 4,405.3 4,409.9 Containers and handling equipment 1,209.8 1,281.4 1,242.8 Other tangible assets 124.3 77.7 98.5 Intangible assets 98.1 79.4 92.9 Investments in associates 29.3 17.8 22.0 Other investments 1,354.2 651.0 1,373.2 Other receivables 111.6 109.5 112.1 Deferred tax assets 2.5 2.3 2.3 Total non-current assets 7,935.2 6,624.4 7,353.7 Inventories 174.1 216.2 190.7 Trade and other receivables 671.0 1,346.2 825.7 Other investments 863.0 2,358.9 2,233.1 Cash and cash equivalents 1,040.3 946.8 1,022.1 Total current assets 2,748.4 4,868.1 4,271.6 Total assets 10,683.6 11,492.5 11,625.3 Equity Share capital and reserves 1,994.8 2,010.6 1,987.7 Retained earnings 2,858.3 3,231.4 3,901.9 Equity attributable to owners of the Company 4,853.1 5,242.0 5,889.6 Non-controlling interests 2.0 6.2 6.3 Total equity 4,855.1 5,248.2 5,895.9 Liabilities Lease liabilities 3,230.4 2,929.0 2,778.7 Loans and other liabilities 83.0 164.8 91.9 Employee benefits 42.4 50.0 45.2 Deferred tax liabilities 79.0 133.8 151.4 Total non-current liabilities 3,434.8 3,277.6 3,067.2 Trade and other payables 561.8 901.3 896.2 Provisions 53.4 30.8 50.2 Contract liabilities 208.4 577.5 238.9 Lease liabilities 1,522.1 1,377.2 1,380.8 Loans and other liabilities 48.0 79.9 96.1 Total current liabilities 2,393.7 2,966.7 2,662.2 Total liabilities 5,828.5 6,244.3 5,729.4 Total equity and liabilities 10,683.6 11,492.5 11,625.3 CONSOLIDATED INCOME STATEMENTS Six Months Ended Three Months Ended Year Ended 2023 2022 2023 2022 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Income from voyages and related services 2,683.9 7,145.2 1,309.6 3,428.8 12,561.6 Cost of voyages and related services Operating expenses and cost of services (1,913.6) (2,380.6) (973.9) (1,262.3) (4,764.5) Depreciation (795.4) (616.0) (414.9) (331.6) (1,370.3) Gross profit (loss) (25.1) 4,148.6 (79.2) 1,834.9 6,426.8 Other operating income 1.9 19.3 (8.2) 14.7 48.9 Other operating expenses (10.1) (0.2) (6.5) (0.1) (0.9) General and administrative expenses (145.5) (162.0) (71.4) (84.9) (338.3) Share of profit (loss) of associates (2.9) 1.1 (2.5) (0.3) (0.7) Results from operating activities (181.7) 4,006.8 (167.8) 1,764.3 6,135.8 Finance income 82.1 47.4 37.7 26.0 130.9 Finance expenses (237.2) (99.2) (142.0) (53.9) (239.4) Net finance expenses (155.1) (51.8) (104.3) (27.9) (108.5) Profit (loss) before income taxes (336.8) 3,955.0 (272.1) 1,736.4 6,027.3 Income taxes 66.0 (908.2) 59.4 (400.6) (1,398.3) Profit (loss) for the period (270.8) 3,046.8 (212.7) 1,335.8 4,629.0 Attributable to: Owners of the Company (274.6) 3,041.9 (215.1) 1,333.1 4,619.4 Non-controlling interests 3.8 4.9 2.4 2.7 9.6 Profit (loss) for the period (270.8) 3,046.8 (212.7) 1,335.8 4,629.0 Earnings (loss) per share (US$) Basic earnings (loss) per 1 ordinary share (2.29) 25.36 (1.79) 11.11 38.49 Diluted earnings (loss) per 1 ordinary share (2.29) 25.26 (1.79) 11.07 38.35 Weighted average number of shares for earnings (loss) per share calculation: Basic 120,182,399 119,950,718 120,195,365 119,990,308 120,012,375 Diluted 120,182,399 120,441,961 120,195,365 120,442,213 120,444,889 CONSOLIDATED STATEMENTS OF CASH FLOWS Six Months Ended Three Months Ended Year Ended 2023 2022 2023 2022 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) ( audited) Cash flows from operating activities Profit (loss) for the period (270.8) 3,046.8 (212.7) 1,335.8 4,629.0 Adjustments for: Depreciation and amortization 808.7 627.5 421.5 337.3 1,396.3 Net finance expenses 155.1 51.8 104.3 27.9 108.5 Share of profits and change in fair value of investees 2.2 (3.7) 1.8 (2.2) (2.1) Capital loss (gain), net 7.4 (15.8) 17.2 (11.8) (42.7) Income taxes (66.0) 908.2 (59.4) 400.6 1,398.3 Other non-cash items 9.7 10.0 3.4 7.5 39.7 646.3 4,624.8 276.1 2,095.1 7,527.0 Change in inventories 16.6 (97.2) 15.0 (42.4) (71.7) Change in trade and other receivables 176.9 (61.8) 33.7 34.5 496.6 Change in trade and other payables including contract liabilities (95.9) 30.9 (4.2) (5.1) (325.7) Change in provisions and employee benefits 2.9 (2.2) 1.5 (0.1) 15.9 100.5 (130.3) 46.0 (13.1) 115.1 Dividends received 1.5 1.4 0.9 Interest received 88.0 7.4 38.5 4.2 53.2 Income taxes paid (316.1) (1,132.0) (15.4) (376.3) (1,586.1) Net cash generated from operating activities 520.2 3,369.9 346.6 1,709.9 6,110.1 Cash flows from investing activities Proceeds from sale of tangible assets, intangible assets, and interest in investees 17.7 16.9 5.5 11.6 48.1 Acquisition and capitalized expenditures of tangible assets, intangible assets and interest in investees (61.5) (263.1) (25.6) (80.6) (345.5) Acquisition of investment instruments, net (583.4) (515.9) (422.3) (333.0) (1,433.1) Loans granted to investees (1.7) 0.0 Change in other receivables (14.0) (2.6) (5.8) (2.3) (20.2) Change in other investments (mainly deposits), net 1,982.7 (189.1) 581.8 (288.9) 105.7 Net cash generated from (used in) investing activities 1,339.8 (953.8) 133.6 (693.2) (1,645.0) Cash flows from financing activities Receipt of long-term loans and other long-term liabilities 59.2 59.2 Repayment of lease liabilities and borrowings (861.4) (532.5) (466.4) (323.6) (1,449.4) Change in short term loans (21.0) (53.5) (33.5) (53.5) Dividend paid to non-controlling interests (7.5) (4.6) (0.6) (0.1) (8.4) Dividend paid to owners of the Company (769.2) (2,378.6) (769.2) (2,378.6) (3,303.3) Interest paid (182.7) (94.7) (95.9) (54.2) (221.0) Net cash used in financing activities (1,841.8) (3,004.7) (1,332.1) (2,790.0) (4,976.4) Net change in cash and cash equivalents 18.2 (588.6) (851.9) (1,773.3) (511.3) Cash and cash equivalents at beginning of the period 1,022.1 1,543.3 1,892.6 2,727.2 1,543.3 Effect of exchange rate fluctuation on cash held 0.0 (7.9) (0.4) (7.1) (9.9) Cash and cash equivalents at the end of the period 1,040.3 946.8 1,040.3 946.8 1,022.1 RECONCILIATION OF NET INCOME TO ADJUSTEDEBIT (U.S. dollars in millions) Six months ended Three months ended 2023 2022 2023 2022 Net income (loss) (271) 3,047 (213) 1,336 Financial expenses, net 155 52 104 28 Income taxes (66) 908 (59) 400 Operating income (EBIT) (182) 4,007 (168) 1,764 Non-cash charter hire expenses 1 Capital loss (gain), beyond the ordinary course 21 (1) 21 Adjusted EBIT (160) 4,006 (147) 1,764 Adjusted EBIT margin (6)% 56% (11)% 51% RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (U.S. dollars in millions) Six months ended Three months ended 2023 2022 2023 2022 Net income (loss) (271) 3,047 (213) 1,336 Financial expenses, net 155 52 104 28 Income taxes (66) 908 (59) 400 Depreciation and amortization 809 627 422 337 EBITDA 627 4,634 254 2,101 Capital loss, beyond the ordinary course of business 21 21 Adjusted EBITDA 648 4,634 275 2,101 Adjusted EBITDA margin 24% 65% 21% 61% RECONCILIATION OF NET CASH GENERATED FROM OPERATING ACTIVITIES TO FREE CASH FLOW (U.S. dollars in millions) Six months ended Three months ended 2023 2022 2023 2022 Net cash generated from operating activities 520 3,370 347 1,710 Capital expenditures, net (57) (248) (26) (71) Free cash flow 463 3,122 321 1,639 1See disclosure regarding "Use of Non-IFRS Financial Measures." 2The number of shares used to calculate the diluted earnings per share is 120,195,365. The number of outstanding shares as of June 30, 2023 was 120,218,275. 3The Company does not provide IFRS guidance because it is not readily available. See disclosure regarding "Use of Non-IFRS Measures in the Company's 2023 Guidance." 4 On April 4, 2023, the Company distributed a dividend to shareholders of $6.40 per share or a total of approximately $769 million. Logo - https://mma.prnewswire.com/media/1933864/ZIM_Logo.jpg SOURCE Zim Integrated Shipping Services Ltd. View All News ZIM Reports Financial Results for the Second Quarter of 2023
activities ($ in millions)......................................
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com
The IGB Group
212-477-8438
lberman@igbir.com
ZIM Integrated Shipping Services Ltd.
+972-4-865-2520
shats.avner@zim.com
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See Also
ZIM Integrated: Why A Rich Special Dividend May Be In The Cards For 2024 (NYSE:ZIM)ZIM Updates on Withholding Tax Procedures on April 2023 Cash DividendZIM Integrated Shipping Services Ltd Dividende 2024 & Prognose, Kursziel 2025ZIM Updates on Withholding Tax Procedures on September 2022 Cash Dividend
FAQs
What is the financial report for ZIM in 2023? ›
Total revenues were $5,162 million for the full year of 2023, compared to $12,562 million for the full year of 2022, driven primarily by the decrease in freight rates. ZIM carried 3,281 thousand TEUs in the full year of 2023, compared to 3,380 thousand TEUs in the full year of 2022.
What is the second quarter earnings for ZIM in 2023? ›Second Quarter 2023 Highlights
Net loss for the second quarter was $213 million (compared to net income of $1,336 million in the second quarter of 2022), or a diluted loss per share of $1.792 (compared to diluted earnings per share of $11.07 in the second quarter of 2022).
ZIM Sales Forecast
Next quarter's sales forecast for ZIM is $1.59B with a range of $1.42B to $1.83B. The previous quarter's sales results were $1.21B.
ZIM Earnings Date
Ordinary Shares is expected* to report earnings on 05/21/2024 before market open. The report will be for the fiscal Quarter ending Mar 2024. According to Zacks Investment Research, based on 3 analysts' forecasts, the consensus EPS forecast for the quarter is $1.01.
On March 13, 2023, ZIM announced a dividend payment of $6.40 per ordinary share (approximately $769 million), to holders of the ordinary shares as of March 24, 2023. Payment of the Dividend is expected to be made on April 3, 2023 (the "Payment Date").
Will ZIM stock go up? ›Given the current short-term trend, the stock is expected to fall -14.09% during the next 3 months and, with a 90% probability hold a price between $7.07 and $11.38 at the end of this 3-month period.
Is ZIM paying dividends in 2024? ›Last dividend for ZIM Integrated Shipping Service (ZIM) as of May 6, 2024 is 6.40 USD. The forward dividend yield for ZIM as of May 6, 2024 is 99.38%.
What is the stock price prediction for ZIM in 2024? ›ZIM Stock Price Forecast 2024-2025
ZIM price started in 2024 at $9.87. Today, ZIM traded at $10.17, so the price increased by 3% from the beginning of the year. The forecasted ZIM price at the end of 2024 is $13.81 - and the year to year change +40%. The rise from today to year-end: +36%.
Valuation metrics show that ZIM Integrated Shipping Services Ltd. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors.
Is ZIM still a buy? ›Over the last 30 days, the Zacks Consensus EPS estimate has moved 210.38% higher. Currently, ZIM Integrated Shipping Services is carrying a Zacks Rank of #2 (Buy).
Is ZIM stock safe to buy? ›
Registered Shs, which values the company at $1.39 B. Is ZIM Integrated Shipping Services stock a Buy, Sell or Hold? 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 8 sell ratings.
Is ZIM a buy sell or hold? ›ZIM Integrated Shipping Services has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 1 buy rating, 1 hold rating, and 2 sell ratings.
What is the true value of ZIM stock? ›As of 2024-05-03, the Intrinsic Value of ZIM Integrated Shipping Services Ltd (ZIM) is (265.75) USD. This ZIM valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 13.25 USD, the upside of ZIM Integrated Shipping Services Ltd is -2105.7%.
Is ZIM profitable? ›ZIM Integrated Shipping Services (ZIM) came out with a quarterly loss of $1.23 per share versus the Zacks Consensus Estimate of a loss of $1.33. This compares to earnings of $3.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.52%.