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ZIM

Zimplats HoldingsASX:ZIM Stock Report

Market Cap

AU$2.3b

7D

-8.9%

1Y

92.5%

Updated

30 Nov, 2021

Data

Company Financials
ZIM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends3/6

ZIM Stock Overview

Zimplats Holdings Limited, together with its subsidiaries, engages in the production of platinum and associated metals mined from the Great Dyke in Zimbabwe.

Zimplats Holdings Competitors

OZ Minerals

ASX:OZL

AU$8.5b

IGO

ASX:IGO

AU$7.7b

Nickel Mines

ASX:NIC

AU$3.5b

Western Areas

ASX:WSA

AU$936.0m

Price History & Performance

Summary of all time highs, changes and price drops for Zimplats Holdings
Historical stock prices
Current Share PriceAU$22.22
52 Week HighAU$28.75
52 Week LowAU$11.51
Beta0.76
1 Month Change-3.39%
3 Month Change-3.43%
1 Year Change92.55%
3 Year Change256.66%
5 Year Change344.40%
Change since IPO3,940.00%

Recent News & Updates

Nov 28
Investors Shouldn't Overlook Zimplats Holdings' (ASX:ZIM) Impressive Returns On Capital

Investors Shouldn't Overlook Zimplats Holdings' (ASX:ZIM) Impressive Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

Sep 08
Zimplats Holdings' (ASX:ZIM) Promising Earnings May Rest On Soft Foundations

Zimplats Holdings' (ASX:ZIM) Promising Earnings May Rest On Soft Foundations

Zimplats Holdings Limited ( ASX:ZIM ) announced strong profits, but the stock was stagnant. Our analysis suggests that...

Jul 28
Zimplats Holdings (ASX:ZIM) Is Achieving High Returns On Its Capital

Zimplats Holdings (ASX:ZIM) Is Achieving High Returns On Its Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...

Jun 08
Zimplats Holdings (ASX:ZIM) Could Easily Take On More Debt

Zimplats Holdings (ASX:ZIM) Could Easily Take On More Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

ZIMAU Metals and MiningAU Market
7D-8.9%-0.3%-2.3%
1Y92.5%10.3%11.4%

Return vs Industry: ZIM exceeded the Australian Metals and Mining industry which returned 10.3% over the past year.

Return vs Market: ZIM exceeded the Australian Market which returned 11.4% over the past year.

Price Volatility

Is ZIM's price volatile compared to industry and market?
ZIM volatility
ZIM Average Weekly Movement7.3%
Metals and Mining Industry Average Movement10.4%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.9%
10% least volatile stocks in AU Market3.6%

Stable Share Price: ZIM is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: ZIM's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19983,400Alex Mhemberehttps://www.zimplats.com

Zimplats Holdings Limited, together with its subsidiaries, engages in the production of platinum and associated metals mined from the Great Dyke in Zimbabwe. The company produces platinum, palladium, rhodium, iridium, and ruthenium, as well as nickel, gold, copper, cobalt, and silver deposits. It operates mines in Ngezi.

Zimplats Holdings Fundamentals Summary

How do Zimplats Holdings's earnings and revenue compare to its market cap?
ZIM fundamental statistics
Market CapUS$1.65b
Earnings (TTM)US$563.12m
Revenue (TTM)US$1.35b

0.0x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZIM income statement (TTM)
RevenueUS$1.35b
Cost of RevenueUS$546.73m
Gross ProfitUS$807.06m
ExpensesUS$243.94m
EarningsUS$563.12m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin59.61%
Net Profit Margin41.60%
Debt/Equity Ratio0%

How did ZIM perform over the long term?

See historical performance and comparison

Dividends

10.0%

Current Dividend Yield

23%

Payout Ratio

Valuation

Is Zimplats Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZIM (A$22.22) is trading below our estimate of fair value (A$135.28)

Significantly Below Fair Value: ZIM is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate ZIM's PE Ratio to determine if it is good value compared to the Australian Metals and Mining industry average.

PE vs Market: Insufficient data to calculate ZIM's PE Ratio to determine if it is good value compared to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ZIM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate ZIM's PB Ratio to determine if it is good value.


Future Growth

How is Zimplats Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.0%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zimplats Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Zimplats Holdings performed over the past 5 years?

63.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZIM has a high level of non-cash earnings.

Growing Profit Margin: ZIM's current net profit margins (41.6%) are higher than last year (30.1%).


Past Earnings Growth Analysis

Earnings Trend: ZIM's earnings have grown significantly by 63.2% per year over the past 5 years.

Accelerating Growth: ZIM's earnings growth over the past year (115.1%) exceeds its 5-year average (63.2% per year).

Earnings vs Industry: ZIM earnings growth over the past year (115.1%) exceeded the Metals and Mining industry 35.3%.


Return on Equity

High ROE: ZIM's Return on Equity (32.2%) is considered high.


Financial Health

How is Zimplats Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: ZIM's short term assets ($952.1M) exceed its short term liabilities ($127.7M).

Long Term Liabilities: ZIM's short term assets ($952.1M) exceed its long term liabilities ($304.3M).


Debt to Equity History and Analysis

Debt Level: ZIM is debt free.

Reducing Debt: ZIM has no debt compared to 5 years ago when its debt to equity ratio was 11.5%.

Debt Coverage: ZIM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ZIM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Zimplats Holdings's current dividend yield, its reliability and sustainability?

9.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ZIM's dividend (9.99%) is higher than the bottom 25% of dividend payers in the Australian market (2.33%).

High Dividend: ZIM's dividend (9.99%) is in the top 25% of dividend payers in the Australian market (5.64%)


Stability and Growth of Payments

Stable Dividend: ZIM has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ZIM's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.1%), ZIM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Alex Mhembere (60 yo)

14.08yrs

Tenure

Mr. Alexander Mhembere, also known as Alex, ACIS, ACMA, MBA, has been the Chief Executive Officer and Executive Director of ZImpala Platinum Holdings Limited (formerly known as Implats) Holdings Limited si...


Leadership Team

Experienced Management: ZIM's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: ZIM's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Zimplats Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Zimplats Holdings Limited
  • Ticker: ZIM
  • Exchange: ASX
  • Founded: 1998
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: AU$2.314b
  • Shares outstanding: 107.64m
  • Website: https://www.zimplats.com

Number of Employees


Location

  • Zimplats Holdings Limited
  • Elizabeth House
  • 1st and 2nd Floors
  • Saint Peter Port
  • GY1 1EW
  • Guernsey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 09:14
End of Day Share Price2021/11/30 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.