NasdaqGS:GRIN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Mediocre balance sheet and overvalued.

Risks

  • Grindrod Shipping Holdings is covered by less than 3 analysts.

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


Market Performance


7 Day Return

4.7%

NasdaqGS:GRIN

3.5%

US Shipping

0.2%

US Market


1 Year Return

-38.0%

NasdaqGS:GRIN

-17.7%

US Shipping

-0.7%

US Market

GRIN underperformed the Shipping industry which returned -16.2% over the past year.

GRIN underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

GRINIndustryMarket
7 Day4.7%3.5%0.2%
30 Day-10.2%-4.4%-2.7%
90 Day16.7%0.5%1.6%
1 Year-38.0%-38.0%-16.3%-17.7%1.6%-0.7%
3 Yearn/a9.1%0.7%40.0%30.9%
5 Yearn/a-71.3%-73.3%53.8%36.8%

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

0.38x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Grindrod Shipping Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Grindrod Shipping Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Grindrod Shipping Holdings is loss making, we can't compare its value to the US Shipping industry average.

Grindrod Shipping Holdings is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Grindrod Shipping Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Grindrod Shipping Holdings is good value based on assets compared to the US Shipping industry average.


Next Steps

Future Growth

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

6.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Grindrod Shipping Holdings's revenue is expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).

Unable to determine if Grindrod Shipping Holdings is high growth as no earnings estimate data is available.

Grindrod Shipping Holdings's revenue growth is positive but not above the United States of America market average.

Unable to compare Grindrod Shipping Holdings's earnings growth to the United States of America market average as no estimate data is available.

Unable to compare Grindrod Shipping Holdings's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Grindrod Shipping Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

66.1%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Grindrod Shipping Holdings does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.

Unable to compare Grindrod Shipping Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Grindrod Shipping Holdings's 1-year growth to the US Shipping industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Grindrod Shipping Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Grindrod Shipping Holdings has efficiently used its assets last year compared to the US Shipping industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Grindrod Shipping Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Grindrod Shipping Holdings's financial position?


Financial Position Analysis

Grindrod Shipping Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Grindrod Shipping Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Grindrod Shipping Holdings's level of debt (39.1%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Grindrod Shipping Holdings's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.1x debt.


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.

Grindrod Shipping Holdings has less than a year of cash runway based on current free cash flow.

Grindrod Shipping Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 112.8% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Grindrod Shipping Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Grindrod Shipping Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Grindrod Shipping Holdings has not reported any payouts.

Unable to verify if Grindrod Shipping Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Grindrod Shipping Holdings 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.


Next Steps

Management

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


CEO

Grindrod Shipping Holdings has no CEO, or we have no data on them.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team


    Board Members

      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: 2017
      • Industry: Marine
      • Sector: Transportation
      • Market Cap: US$110.570m
      • Shares outstanding: 19.06m
      • 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 drybulk carriers and tankers. The company operates in two businesses, Drybulk Carriers and Tan ...


      Company Analysis and Financial Data Status

      All financial data provided by Standard & Poor's Capital IQ.
      DataLast Updated (UTC time)
      Company Analysis2019/08/21 00:44
      End of Day Share Price2019/08/20 00:00
      Earnings2018/12/31
      Annual Earnings2018/12/31


      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.