ZIM Integrated Shipping Services Ltd. is a relatively new company with a long history. The company was originally formed in 1947 by a trio of Israeli-oriented agencies and called the Zim Palestinian Navigation Company. The word Zim is a derivative of the Hebrew word for “fleet of ships” as described in Numbers 24:24. In 1948, after the establishment of the state of Israel, the company was renamed Zim Israeli Navigation Company and it proceeded to transport immigrants and supplies to the fledgling nation.
The early years were spent transporting goods and people to and from the state of Israel but expansion began in the 1950s. At the time, the company was focused on both people and cargo but passenger lines were phased out due to increasing competition from airlines. By the 1970s, the company was only transporting cargo and then, during the 1970s, it began to focus on containers and intermodal container shipping.
Early plans for an IPO were dashed by the 2008 global financial crisis and then, in 2009, a needed cash injection resulted in a majority sale to the Ofer family which retains a large share to this day. The cash injection and restructuring allowed the company to survive, which is the salient point, and then in 2014, it underwent another restructuring. The company did not come to the public market until 2021 at which time it changed its name to ZIM Integrated Shipping Services. The stock now trades on the NYSE under the ticker ZIM. In March 2021 the company reported record revenue and profits.
Today, Zim, with its network of subsidiaries, is a top-20 shipper globally. The company is a leader in container shipping and ranked 10th in that field. The company provides a range of services that include door-to-door and port-to-port transportation of goods for customers of all varieties. The company’s fleet size tends to vary with business, it owns a number of ships but contracts out for more as necessary.
The company also offers ZIMonitor, a premium reefer cargo tracking service as well as a host of other value-added digitized services. As of 2022, the company had operations in more than 100 countries and served more than 350 ports of call. The largest ship in the fleet is the Maersk Yukon which is registered in Singapore. Its gross tonnage is more than 114,000 tonnes, it is 349 meters long and more than 45 meters wide. Customers using Zim can schedule their shipping needs on a point-to-point, by vessel, by port or by carrier basis.
FAQs
Based on short-term price targets offered by four analysts, the average price target for ZIM Integrated Shipping Services comes to $13.05. The forecasts range from a low of $9.20 to a high of $20.00. The average price target represents a decline of 35.27% from the last closing price of $20.16.
Should I hold or sell ZIM stock? ›
The average price target represents -35.35% Decrease from the current price of $19.01. What do analysts say about ZIM Integrated Shipping Services? ZIM Integrated Shipping Services's analyst rating consensus is a Moderate Sell. This is based on the ratings of 5 Wall Streets Analysts.
Is ZIM paying dividends in 2024? ›
On May 21, 2024, ZIM announced a dividend payment of $0.23 per ordinary share (approximately $28.0 million), to holders of the ordinary shares as of June 4, 2024. Payment of the Dividend is expected to be made on June 11, 2024 (the "Payment Date").
What is the stock price forecast for ZIM in 2024? ›
ZIM Stock Price Forecast 2024-2025
ZIM price started in 2024 at $9.87. Today, ZIM traded at $19.66, so the price increased by 99% from the beginning of the year. The forecasted ZIM price at the end of 2024 is $24.37 - and the year to year change +147%. The rise from today to year-end: +24%.
What will ZIM price be in 2025? ›
Long-Term ZIM Integrated Shipping Services Ltd. Stock Price Predictions
| Year | Prediction | Change |
|---|
| 2025 | $ 33.30 | 69.48% |
| 2026 | $ 56.44 | 187.24% |
| 2027 | $ 95.66 | 386.81% |
| 2028 | $ 162.12 | 725.05% |
2 more rowsZIM Integrated Shipping Services is still a bargain right now. According to our valuation, the intrinsic value for the stock is $24.36, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.
Will ZIM integrated shipping recover? ›
Summary. ZIM Integrated Shipping Services announced a dividend for the first quarter due to a recovery in freight rates and volume. The company's profit trajectory is on an upswing, leading to potential sustained recovery and re-rating for investors.
Who owns the most shares of ZIM? ›
Largest shareholders include Ion Asset Management Ltd., Susquehanna International Group, Llp, Susquehanna International Group, Llp, Citadel Advisors Llc, Susquehanna International Group, Llp, Menora Mivtachim Holdings Ltd., BlackRock Inc., Citadel Advisors Llc, Morgan Stanley, and American Century Companies Inc .
Is ZIM Shipping a good company? ›
ZIM Integrated Shipping Services Reviews FAQs
ZIM Integrated Shipping Services has an overall rating of 4.3 out of 5, based on over 1,484 reviews left anonymously by employees. 91% of employees would recommend working at ZIM Integrated Shipping Services to a friend and 84% have a positive outlook for the business.
What is ZIM's next dividend? ›
When is ZIM Integrated Shipping Services dividend payment date? ZIM Integrated Shipping Services's next quarterly payment date is on Jun 11, 2024, when ZIM Integrated Shipping Services shareholders who owned ZIM shares before Jun 04, 2024 received a dividend payment of $0.23 per share.
But the company's outlook improved in early 2024 as tensions in the Middle East disrupted key shipping lanes and caused shipping rates to climb. The rally has continued through 2024, with Zim shares up more than 100% coming into Thursday's trading day.
What is the debt of ZIM? ›
Net debt position as of December 31, 2023, was $2.31 billion compared to a net cash position of $279 million as of December 31, 2022, a decrease of $2.59 billion. ZIM's net leverage ratio as of December 31, 2023, was 2.2x, compared to 0.0x as of December 31, 2022.
What is the prediction for ZIM integrated? ›
Stock Price Forecast
The 5 analysts with 12-month price forecasts for ZIM stock have an average target of 12.01, with a low estimate of 7.80 and a high estimate of 20. The average target predicts a decrease of -36.82% from the current stock price of 19.01.
What is the intrinsic value of ZIM stock? ›
As of 2024-06-20, the Intrinsic Value of ZIM Integrated Shipping Services Ltd (ZIM) is (257.46) USD.
What is the book value of ZIM stock? ›
ZIM Integrated Shipping Services's current price is $18.53. Its book value per share for the quarter that ended in Mar. 2024 was $21.12. Hence, today's PB Ratio of ZIM Integrated Shipping Services is 0.88.
Why is ZIM shipping stock so cheap? ›
The stock was caught in the doldrums last year due to weak demand and investor concerns about its debt. But the company's outlook improved in early 2024 as tensions in the Middle East disrupted key shipping lanes and caused shipping rates to climb.
Is ZIM ASX a good buy? ›
Zimplats Holdings Limited (ASX:ZIM) shareholders might be concerned after seeing the share price drop 22% in the last quarter. But in stark contrast, the returns over the last half decade have impressed. We think most investors would be happy with the 115% return, over that period.
Did ZIM announce a dividend? ›
Per our dividend policy, we declared a dividend of $0.23 per share, or $28 million, representing 30% of quarterly net income."
