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ZIM

OTCPK:ZIMC.F
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZIMC.F
OTCPK
$138K
Market Cap
  1. Home
  2. US
  3. Software
Company description

ZIM Corporation provides software products and services for the database and mobile markets in the United States, Brazil, Canada, Singapore, and internationally. The last earnings update was 31 days ago. More info.


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  • ZIM has significant price volatility in the past 3 months.
ZIMC.F Share Price and Events
7 Day Returns
0%
OTCPK:ZIMC.F
3.8%
US Software
2.9%
US Market
1 Year Returns
30.8%
OTCPK:ZIMC.F
22%
US Software
1.4%
US Market
ZIMC.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ZIM (ZIMC.F) 0% -66% 0% 30.8% -73.4% -91.3%
US Software 3.8% 4.9% 16% 22% 107.4% 132.9%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • ZIMC.F outperformed the Software industry which returned 22% over the past year.
  • ZIMC.F outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
ZIMC.F
Industry
5yr Volatility vs Market
Related Companies

ZIMC.F Value

 Is ZIM undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ZIM to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for ZIM.

OTCPK:ZIMC.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ZIMC.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 26.5%) (0%))
1.093
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.093 * 5.96%)
9.25%

Discounted Cash Flow Calculation for OTCPK:ZIMC.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ZIM is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ZIMC.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.25%)
2019 0.02 Est @ -48.92% 0.02
2020 0.01 Est @ -33.42% 0.01
2021 0.01 Est @ -22.58% 0.01
2022 0.01 Est @ -14.98% 0.01
2023 0.01 Est @ -9.67% 0.01
2024 0.01 Est @ -5.95% 0.00
2025 0.01 Est @ -3.35% 0.00
2026 0.01 Est @ -1.52% 0.00
2027 0.01 Est @ -0.25% 0.00
2028 0.01 Est @ 0.65% 0.00
Present value of next 10 years cash flows $0.07
OTCPK:ZIMC.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.01 × (1 + 2.73%) ÷ (9.25% – 2.73%)
$0.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $0.11 ÷ (1 + 9.25%)10
$0.05
OTCPK:ZIMC.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.07 + $0.05
$0.12
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $0.12 / 8.14
$0.01
OTCPK:ZIMC.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.01
Current discount Discount to share price of $0.02
= -1 x ($0.02 - $0.01) / $0.01
-20.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ZIM is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ZIM's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ZIM's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ZIMC.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.08
OTCPK:ZIMC.F Share Price ** OTCPK (2019-03-08) in USD $0.02
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.96x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ZIM.

OTCPK:ZIMC.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:ZIMC.F Share Price ÷ EPS (both in USD)

= 0.02 ÷ 0.08

0.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ZIM is good value based on earnings compared to the US Software industry average.
  • ZIM is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does ZIM's expected growth come at a high price?
Raw Data
OTCPK:ZIMC.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.54x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ZIM, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ZIM's assets?
Raw Data
OTCPK:ZIMC.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.15
OTCPK:ZIMC.F Share Price * OTCPK (2019-03-08) in USD $0.02
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.71x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:ZIMC.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:ZIMC.F Share Price ÷ Book Value per Share (both in USD)

= 0.02 ÷ 0.15

0.11x

* Primary Listing of ZIM.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ZIM is good value based on assets compared to the US Software industry average.
X
Value checks
We assess ZIM's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. ZIM has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ZIMC.F Future Performance

 How is ZIM expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 ZIM 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.1%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ZIM expected to grow at an attractive rate?
  • Unable to compare ZIM's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ZIM's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare ZIM's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ZIMC.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ZIMC.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ZIMC.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 1 0 1
2018-09-30 0 0 1
2018-06-30 1 0 1
2018-03-31 1 0 0
2017-12-31 1 0 0
2017-09-30 1 0 0
2017-06-30 1 0 0
2017-03-31 1 0 0
2016-12-31 1 0 0
2016-09-30 1 0 0
2016-06-30 1 0 0
2016-03-31 1 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ZIM is high growth as no earnings estimate data is available.
  • Unable to determine if ZIM is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ZIMC.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ZIM Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ZIMC.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.08
2018-09-30 0.07
2018-06-30 0.08
2018-03-31 -0.01
2017-12-31 0.00
2017-09-30 0.01
2017-06-30 0.00
2017-03-31 -0.01
2016-12-31 -0.02
2016-09-30 -0.03
2016-06-30 -0.04
2016-03-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ZIM will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether ZIM is trading at ZIM'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. ZIM's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access ZIM's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess ZIM's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ZIM has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ZIMC.F Past Performance

  How has ZIM performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ZIM's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ZIM has delivered over 20% year on year earnings growth in the past 5 years.
  • ZIM's 1-year earnings growth exceeds its 5-year average (1955.7% vs 63%)
  • ZIM's earnings growth has exceeded the US Software industry average in the past year (1955.7% vs 32.7%).
Earnings and Revenue History
ZIM's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ZIM Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ZIMC.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.60 0.65 0.48 0.10
2018-09-30 0.50 0.58 0.49 0.07
2018-06-30 0.56 0.66 0.50 0.05
2018-03-31 0.50 -0.04 0.54 0.05
2017-12-31 0.66 0.03 0.61 0.03
2017-09-30 0.70 0.04 0.63 0.02
2017-06-30 0.67 0.00 0.61 0.04
2017-03-31 0.67 -0.07 0.68 0.08
2016-12-31 0.57 -0.15 0.67 -0.02
2016-09-30 0.59 -0.21 0.72 0.05
2016-06-30 0.60 -0.30 0.80 0.10
2016-03-31 0.62 -0.31 0.77 0.15
2015-12-31 0.67 -0.37 0.80 0.19
2015-09-30 0.88 -0.31 0.83 0.32
2015-06-30 1.00 -0.35 0.93 0.39
2015-03-31 1.14 -0.24 1.00 0.42
2014-12-31 1.31 -0.28 1.01 0.42
2014-09-30 1.29 -0.35 1.09 0.34
2014-06-30 1.30 -0.26 1.03 0.31
2014-03-31 1.27 -0.36 1.05 0.30
2013-12-31 1.20 -0.42 1.14 0.22
2013-09-30 1.18 -0.27 1.08 0.24
2013-06-30 1.28 -0.24 1.14 0.22
2013-03-31 1.31 -0.19 1.12 0.21
2012-12-31 1.37 0.12 1.01 0.22
2012-09-30 1.52 0.25 1.01 0.19
2012-06-30 1.52 0.29 0.97 0.21
2012-03-31 1.80 0.47 1.02 0.24

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ZIM made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • ZIM used its assets more efficiently than the US Software industry average last year based on Return on Assets.
  • It is difficult to establish if ZIM improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ZIM's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ZIM has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ZIMC.F Health

 How is ZIM's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ZIM's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ZIM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ZIM has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ZIM's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • ZIM has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ZIM Company Filings, last reported 2 months ago.

OTCPK:ZIMC.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1.26 0.00 0.44
2018-09-30 1.24 0.00 0.47
2018-06-30 1.35 0.00 0.48
2018-03-31 0.75 0.00 0.42
2017-12-31 0.69 0.00 0.42
2017-09-30 0.73 0.00 0.47
2017-06-30 0.75 0.00 0.36
2017-03-31 0.80 0.00 0.42
2016-12-31 0.71 0.00 0.37
2016-09-30 0.70 0.00 0.40
2016-06-30 0.77 0.00 0.52
2016-03-31 0.89 0.00 0.47
2015-12-31 0.77 0.00 0.56
2015-09-30 0.82 0.00 0.70
2015-06-30 1.08 0.00 0.88
2015-03-31 1.19 0.00 1.03
2014-12-31 1.55 0.00 1.51
2014-09-30 1.59 0.00 1.27
2014-06-30 1.82 0.00 1.46
2014-03-31 1.71 0.00 1.39
2013-12-31 1.96 0.00 1.60
2013-09-30 1.91 0.00 1.56
2013-06-30 1.75 0.00 1.26
2013-03-31 2.15 0.00 1.59
2012-12-31 2.25 0.00 1.80
2012-09-30 2.13 0.00 1.49
2012-06-30 2.17 0.00 1.67
2012-03-31 2.41 0.00 1.76
  • ZIM has no debt.
  • ZIM has not taken on any debt in the past 5 years.
  • ZIM has no debt, it does not need to be covered by operating cash flow.
  • ZIM has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ZIM's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ZIM has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ZIMC.F Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ZIM dividends.
If you bought $2,000 of ZIM shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ZIM's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ZIM's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ZIMC.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ZIM has not reported any payouts.
  • Unable to verify if ZIM's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ZIM's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ZIM has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ZIM's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ZIM afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ZIM has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ZIMC.F Management

 What is the CEO of ZIM's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael C. Cowpland
COMPENSATION $58
AGE 75
TENURE AS CEO 18.1 years
CEO Bio

Dr. Michael C. J. Cowpland has been the Chief Executive Officer and President of ZIM Corporation since February 1, 2001. Dr. Cowpland served as the Chief Financial Officer and Chief Accounting Officer of ZIM Corporation from April 11, 2007 to November 2007. He founded Corel Corporation in 1985 and served as its Chairman, President and Chief Executive Officer since May 1986. He served as President and Chief Executive Officer of ZIM Technologies since February 1, 2001. He served as President and Chief Executive Officer of Private Capital Investors Inc. In 1973, he Co-founded Mitel Corporation and served as its Chairman and Chief Executive Officer. He started his career in 1964, at Bell Northern Research. He had been an Executive Director of ZIM Corporation since February 1, 2001 until October 2015. He served as Director of ZIM Technologies since January 2001 and Corel Corporation since May 1986. Dr. Cowpland holds a Bachelor of Science and Engineering degree from the Imperial College (London), a Masters of Engineering from Carleton University and a Ph.D. in Engineering from Carleton University.

CEO Compensation
  • Michael C.'s compensation has been consistent with company performance over the past year.
  • Michael C.'s remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ZIM management team in years:

15.2
Average Tenure
58
Average Age
  • The average tenure for the ZIM management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael C. Cowpland

TITLE
President
COMPENSATION
$58
AGE
75
TENURE
18.1 yrs

John Chapman

TITLE
Chief Financial Officer
COMPENSATION
$12K
AGE
54
TENURE
11.3 yrs

Deborah Weinstein

TITLE
Secretary
AGE
58
TENURE
15.2 yrs
Board of Directors Tenure

Average tenure and age of the ZIM board of directors in years:

16.8
Average Tenure
62.5
Average Age
  • The average tenure for the ZIM board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jim Stechyson

TITLE
Chairman
COMPENSATION
$27
AGE
53
TENURE
15.8 yrs

Michael C. Cowpland

TITLE
President
COMPENSATION
$58
AGE
75
TENURE
18.1 yrs

Don Gibbs

TITLE
Director
COMPENSATION
$55
AGE
72
TENURE
15.7 yrs

Steve Houck

TITLE
Director
COMPENSATION
$55
AGE
48
TENURE
17.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess ZIM's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ZIM has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ZIMC.F News

Simply Wall St News

ZIMC.F Company Info

Description

ZIM Corporation provides software products and services for the database and mobile markets in the United States, Brazil, Canada, Singapore, and internationally. The company operates through two segments, Mobile and Enterprise Software. It develops and sells ZIM integrated development environment (IDE) software, an enterprise software for use in the design, development, and management of information databases and mission critical applications. The company’s ZIM IDE software provides an IDE for Microsoft Windows, UNIX, and Linux computer operating systems. Its products are used to develop database applications in various industries, including finance, insurance, marketing, human resource, information, and records management. The company also provides migration services and management products; and short message services. ZIM Corporation was founded in 1997 and is based in Ottawa, Canada.

Details
Name: ZIM Corporation
ZIMC.F
Exchange: OTCPK
Founded: 1997
$138,317
8,136,348
Website: http://www.zim.biz
Address: ZIM Corporation
150 Isabella Street,
Suite 150,
Ottawa,
Ontario, K1S 1V7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK ZIMC.F Common Shares Pink Sheets LLC US USD 16. Oct 2003
Number of employees
Current staff
Staff numbers
5
ZIM employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:52
End of day share price update: 2019/03/08 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.