NasdaqGS:GRIN

Stock Analysis Report

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Executive Summary

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide.


Snowflake Analysis

Overvalued with worrying 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.2%

GRIN

8.1%

US Shipping

0.5%

US Market


1 Year Return

-30.6%

GRIN

-23.4%

US Shipping

18.7%

US Market

Return vs Industry: GRIN underperformed the US Shipping industry which returned -23.4% over the past year.

Return vs Market: GRIN underperformed the US Market which returned 18.7% over the past year.


Shareholder returns

GRINIndustryMarket
7 Day-1.2%8.1%0.5%
30 Day27.7%10.1%4.9%
90 Day60.7%27.1%19.8%
1 Year-30.6%-30.6%-21.4%-23.4%21.2%18.7%
3 Yearn/a-17.5%-22.8%46.2%36.8%
5 Yearn/a-67.5%-70.3%85.3%65.1%

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

Valuation

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

0.27x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate GRIN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate GRIN's fair value to establish if it is undervalued.


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 is good value based on its PB Ratio (0.3x) compared to the US Shipping industry average (0.4x).


Next Steps

Future Growth

How is Grindrod Shipping Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

5.2%

Forecasted annual revenue growth


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 (2.2%).

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: GRIN's revenue (5.2% per year) is forecast to grow slower than the US market (9.5% per year).

High Growth Revenue: GRIN's revenue (5.2% per year) is forecast to grow slower 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


Next Steps

Past Performance

How has Grindrod Shipping Holdings performed over the past 5 years?

27.5%

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 27.5% 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 (-54.6%).


Return on Equity

High ROE: GRIN has a negative Return on Equity (-17.26%), as it is currently unprofitable.


Next Steps

Financial Health

How is Grindrod Shipping Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: GRIN's short term assets ($91.5M) exceed its short term liabilities ($86.8M).

Long Term Liabilities: GRIN's short term assets ($91.5M) do not cover its long term liabilities ($180.3M).


Debt to Equity History and Analysis

Debt Level: GRIN's debt to equity ratio (65.6%) is considered high.

Reducing Debt: Insufficient data to determine if GRIN's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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: GRIN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: GRIN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 80.9% each year


Next Steps

Dividend

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.


Next Steps

Management

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

2.8yrs

Average board tenure


CEO

Martyn Richard Wade (60 yo)

no data

Tenure

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 ...


Board Members

NamePositionTenureCompensationOwnership
Martyn Richard Wade
CEO & Directorno datano data0.75%
$ 499.8k
Stephen Griffiths
CFO & Director2.75yrsno data0.39%
$ 260.7k
John Herholdt
Independent Director2.75yrsno datano data
Petrus Johannes Uys
Director2.17yrsno datano data
Michael John Hankinson
Independent Chairman0.083yrno data0.0088%
$ 5.9k
Ban Huat Quah
Independent Director2.75yrsno datano data
Willem van Wyk
Alternate Director0.42yrno datano data

2.8yrs

Average Tenure

59yo

Average Age

Experienced Board: GRIN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: GRIN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Grindrod Shipping Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Grindrod Shipping Holdings Ltd.
  • Ticker: GRIN
  • Exchange: NasdaqGS
  • Founded: 1910
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$66.904m
  • Shares outstanding: 19.01m
  • Website: https://www.grinshipping.com

Number of Employees


Location

  • Grindrod Shipping Holdings Ltd.
  • No. 03-01 Southpoint
  • 200 Cantonment Road
  • Singapore
  • 89763
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GRINNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDJun 2018
GSHJSE (The Johannesburg Securities Exchange)YesCommon SharesZAZARJun 2018

Biography

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 25 owned dry bulk carriers and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 12:51
End of Day Share Price2020/08/13 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.