ZIM Integrated Shipping Services Ltd.

NYSE:ZIM Stock Report

Market Cap: US$2.9b

ZIM Integrated Shipping Services Valuation

Is ZIM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ZIM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ZIM ($23.78) is trading below our estimate of fair value ($71.86)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZIM?

Key metric: As ZIM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ZIM. This is calculated by dividing ZIM's market cap by their current earnings.
What is ZIM's PE Ratio?
PE Ratio2x
EarningsUS$1.44b
Market CapUS$2.92b

Price to Earnings Ratio vs Peers

How does ZIM's PE Ratio compare to its peers?

The above table shows the PE ratio for ZIM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.3x
SBLK Star Bulk Carriers
7.3x16.1%US$2.2b
GOGL Golden Ocean Group
10.4x16.2%US$2.2b
MATX Matson
12.4x-19.6%US$5.1b
DAC Danaos
2.9x-3.9%US$1.6b
ZIM ZIM Integrated Shipping Services
2x-95.3%US$2.9b

Price-To-Earnings vs Peers: ZIM is good value based on its Price-To-Earnings Ratio (2x) compared to the peer average (8.3x).

Price to Earnings Ratio vs Industry

How does ZIM's PE Ratio compare vs other companies in the US Shipping Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TORO Toro
0.3xn/aUS$46.50m
PXS Pyxis Tankers
1.3x-16.9%US$42.04m
CTRM Castor Maritime
0.5xn/aUS$33.43m
PSHG Performance Shipping
0.4x7.0%US$23.00m
No more companies available in this PE range
ZIM 2.0xIndustry Avg. 4.5xNo. of Companies5PE0612182430+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ZIM is good value based on its Price-To-Earnings Ratio (2x) compared to the US Shipping industry average (4.5x).

Price to Earnings Ratio vs Fair Ratio

What is ZIM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ZIM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2x
Fair PE Ratio1.5x

Price-To-Earnings vs Fair Ratio: ZIM is expensive based on its Price-To-Earnings Ratio (2x) compared to the estimated Fair Price-To-Earnings Ratio (1.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ZIM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$23.78
US$17.76
-25.3%
31.1%US$28.00US$10.50n/a7
Nov ’25US$24.30
US$17.73
-27.0%
31.7%US$25.00US$10.50n/a7
Oct ’25US$24.32
US$16.64
-31.6%
33.6%US$25.00US$10.50n/a7
Sep ’25US$18.27
US$18.12
-0.8%
27.7%US$25.00US$13.00n/a6
Aug ’25US$19.32
US$17.28
-10.5%
32.0%US$27.00US$12.20n/a6
Jul ’25US$22.97
US$12.22
-46.8%
37.4%US$22.00US$9.10n/a6
Jun ’25US$22.54
US$11.65
-48.3%
32.8%US$20.00US$9.10n/a6
May ’25US$13.36
US$9.25
-30.8%
35.3%US$15.00US$5.00n/a6
Apr ’25US$10.67
US$9.68
-9.3%
40.2%US$18.00US$5.00n/a7
Mar ’25US$12.01
US$10.24
-14.7%
42.5%US$20.00US$5.00n/a7
Feb ’25US$13.26
US$10.24
-22.8%
42.5%US$20.00US$5.00n/a7
Jan ’25US$9.87
US$7.43
-24.7%
20.8%US$10.00US$5.00n/a7
Dec ’24US$7.62
US$8.44
+10.8%
33.1%US$14.50US$6.00n/a7
Nov ’24US$7.74
US$11.96
+54.5%
22.0%US$16.00US$8.70US$24.307
Oct ’24US$10.45
US$12.29
+17.6%
18.9%US$16.00US$9.50US$24.327
Sep ’24US$12.24
US$12.93
+5.6%
17.5%US$16.00US$10.00US$18.277
Aug ’24US$15.15
US$13.60
-10.2%
18.4%US$17.70US$10.00US$19.327
Jul ’24US$12.39
US$15.83
+27.8%
32.2%US$27.00US$10.00US$22.977
Jun ’24US$13.23
US$17.40
+31.5%
32.5%US$27.00US$10.00US$22.547
May ’24US$16.90
US$19.97
+18.2%
20.4%US$27.00US$15.00US$13.367
Apr ’24US$23.58
US$20.86
-11.5%
22.8%US$27.00US$15.00US$10.677
Mar ’24US$23.95
US$20.99
-12.4%
28.9%US$30.40US$15.00US$12.017
Feb ’24US$20.39
US$20.94
+2.7%
23.7%US$30.00US$15.50US$13.267
Jan ’24US$17.19
US$22.19
+29.1%
19.0%US$30.00US$17.00US$9.877
Dec ’23US$20.09
US$23.26
+15.8%
23.2%US$30.00US$12.00US$7.627
Nov ’23US$25.03
US$38.10
+52.2%
57.2%US$80.00US$21.00US$7.747

Analyst Forecast: Target price is lower than the current share price.

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