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GND

GrindrodJSE:GND Stock Report

Market Cap

R3.6b

7D

8.3%

1Y

26.1%

Updated

15 Oct, 2021

Data

Company Financials
GND fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

GND Overview

Grindrod Limited, together with its subsidiaries, engages in freight and logistics, and financial services business in South Africa and internationally.

Rewards

Earnings have grown 0.2% per year over the past 5 years

Risk Analysis

No risks detected for GND from our risk checks.

Grindrod Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Grindrod
Historical stock prices
Current Share PriceR5.36
52 Week HighR3.35
52 Week LowR5.70
Beta1.28
1 Month Change12.84%
3 Month Change10.29%
1 Year Change26.12%
3 Year Change-24.51%
5 Year Change-53.83%
Change since IPO435.99%

Recent News & Updates

Shareholder Returns

GNDZA InfrastructureZA Market
7D8.3%0.7%1.6%
1Y26.1%29.8%21.3%

Return vs Industry: GND underperformed the ZA Infrastructure industry which returned 28.6% over the past year.

Return vs Market: GND exceeded the ZA Market which returned 21.2% over the past year.

Price Volatility

Is GND's price volatile compared to industry and market?
GND volatility
GND Beta1.28
Industry Beta0.69
Market Beta1

Stable Share Price: GND is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: GND's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1910n/aAndrew Wallerhttps://www.grindrod.com

Grindrod Limited, together with its subsidiaries, engages in freight and logistics, and financial services business in South Africa and internationally. It engages in the road transportation of motor vehicles, petroleum products, liquid petroleum gas, and dry bulk commodities; cross dock and warehousing, containerized cargo by rail and road, and containerization of bulk commodities; sale and leasing of new and used containers; and provision of depot services, as well as clearing and forwarding, and cross border facilitation services. The company also provides sea freight logistics services; ships agency, technical, maritime, marine and industrial engineering, cross border and project logistics, and container services; freight forwarding, customs brokerage, and related logistics services; and rail services, including consultancy, stock leasing and finance, and managing services.

Grindrod Fundamentals Summary

How do Grindrod's earnings and revenue compare to its market cap?
GND fundamental statistics
Market CapR3.60b
Earnings (TTM)-R600.81m
Revenue (TTM)R3.85b

0.9x

P/S Ratio

-6.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GND income statement (TTM)
RevenueR3.85b
Cost of RevenueR2.13b
Gross ProfitR1.72b
ExpensesR2.32b
Earnings-R600.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.89
Gross Margin44.72%
Net Profit Margin-15.60%
Debt/Equity Ratio47.1%

How did GND perform over the long term?

See historical performance and comparison

Valuation

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

0.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: GND is unprofitable, so we can't compare its PE Ratio to the African Infrastructure industry average.

PE vs Market: GND is unprofitable, so we can't compare its PE Ratio to the ZA market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GND's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GND is good value based on its PB Ratio (0.5x) compared to the XF Infrastructure industry average (2.6x).


Future Growth

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

36.8%

Forecasted Transportation industry annual growth in earnings


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 Grindrod 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 SimplyWall St do have past financial data.


Past Performance

How has Grindrod performed over the past 5 years?

0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GND is currently unprofitable.

Growing Profit Margin: GND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GND is unprofitable, but has reduced losses over the past 5 years at a rate of 0.2% per year.

Accelerating Growth: Unable to compare GND's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GND is unprofitable, making it difficult to compare its past year earnings growth to the Infrastructure industry (0.2%).


Return on Equity

High ROE: GND has a negative Return on Equity (-7.43%), as it is currently unprofitable.


Financial Health

How is Grindrod's financial position?


Financial Position Analysis

Short Term Liabilities: GND's short term assets (ZAR12.1B) do not cover its short term liabilities (ZAR15.5B).

Long Term Liabilities: GND's short term assets (ZAR12.1B) exceed its long term liabilities (ZAR2.3B).


Debt to Equity History and Analysis

Debt Level: GND's debt to equity ratio (47.1%) is considered high.

Reducing Debt: GND's debt to equity ratio has increased from 22.8% to 47.1% 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: GND has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: GND has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 40.1% each year


Dividend

What is Grindrod current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GND'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 GND's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GND's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GND is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GND's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Andrew Waller (58 yo)

3.08yrs

Tenure

R11,018,000

Compensation

Mr. Andrew Geard Waller, CA (SA), serves as Group Chief Executive Officer at Grindrod Ltd. since September 1, 2018 and has been its Executive Director since March 1, 2011. Mr. Waller had been Chief Financi...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD753.50K) is above average for companies of similar size in the ZA market ($USD508.41K).

Compensation vs Earnings: Andrew's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: GND's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: GND's board of directors are considered experienced (4.8 years average tenure).


Ownership

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.


Ownership Breakdown

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


Top Shareholders

Company Information

Grindrod Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Grindrod Limited
  • Ticker: GND
  • Exchange: JSE
  • Founded: 1910
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: R3.601b
  • Shares outstanding: 671.75m
  • Website: https://www.grindrod.com

Number of Employees


Location

  • Grindrod Limited
  • Grindrod Mews
  • 106 Margaret Mncadi Avenue
  • Durban
  • KwaZulu-Natal
  • 4001
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 22:37
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.