Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. More Details
Slightly overvalued with imperfect balance sheet.
Share Price & News
How has Grindrod Shipping Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GRIN is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: GRIN's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
1 Year Return
Return vs Industry: GRIN exceeded the US Shipping industry which returned 101.4% over the past year.
Return vs Market: GRIN exceeded the US Market which returned 35.1% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Grindrod Shipping Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDo Institutions Own Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN) Shares?
2 months ago | Simply Wall StDid Business Growth Power Grindrod Shipping Holdings' (NASDAQ:GRIN) Share Price Gain of 233%?
4 months ago | Simply Wall StIs Grindrod Shipping Holdings (NASDAQ:GRIN) Weighed On By Its Debt Load?
Is Grindrod Shipping Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GRIN ($10.48) is trading below our estimate of fair value ($242.01)
Significantly Below Fair Value: GRIN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GRIN is unprofitable, so we can't compare its PE Ratio to the US Shipping industry average.
PE vs Market: GRIN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GRIN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GRIN's PB Ratio (0.9x) is in line with the US Shipping industry average.
How is Grindrod Shipping Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted Transportation industry annual growth in earnings
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if GRIN's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if GRIN's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if GRIN's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if GRIN's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GRIN's Return on Equity is forecast to be high in 3 years time
How has Grindrod Shipping Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRIN is currently unprofitable.
Growing Profit Margin: GRIN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GRIN is unprofitable, but has reduced losses over the past 5 years at a rate of 20.1% per year.
Accelerating Growth: Unable to compare GRIN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GRIN is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (194.5%).
Return on Equity
High ROE: GRIN has a negative Return on Equity (-16.18%), as it is currently unprofitable.
How is Grindrod Shipping Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: GRIN's short term assets ($82.6M) do not cover its short term liabilities ($117.9M).
Long Term Liabilities: GRIN's short term assets ($82.6M) do not cover its long term liabilities ($250.2M).
Debt to Equity History and Analysis
Debt Level: GRIN's debt to equity ratio (109.6%) is considered high.
Reducing Debt: GRIN's debt to equity ratio has increased from 25.6% to 109.6% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GRIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GRIN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 10.4% per year.
What is Grindrod Shipping Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GRIN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GRIN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GRIN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GRIN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GRIN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Martyn Richard Wade (61 yo)
Mr. Martyn Richard Wade is the Chief Executive Officer and Director at Grindrod Shipping Holdings Ltd. He has served as a member of board of directors at Grindrod Ltd. since November 15, 2017. Mr. Wade ser...
Experienced Board: GRIN's board of directors are considered experienced (3.4 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Grindrod Shipping Holdings Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Grindrod Shipping Holdings Ltd.
- Ticker: GRIN
- Exchange: NasdaqGS
- Founded: 1910
- Industry: Marine
- Sector: Transportation
- Market Cap: US$202.018m
- Shares outstanding: 19.28m
- Website: https://www.grinshipping.com
Number of Employees
- Grindrod Shipping Holdings Ltd.
- No. 03-01 Southpoint
- 200 Cantonment Road
Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 23 owned dry bulk carriers and...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/23 01:28|
|End of Day Share Price||2021/07/22 00:00|
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.