ZIM Integrated Shipping Services Ltd. (ZIM) 10-Year Financial Performance & Capital Metrics

ZIM • • Industrial / General

IndustrialsMarine ShippingContainer ShippingContainer Ship Operators

AboutZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders. The company also offers ZIMonitor, a premium reefer cargo tracking service. As of December 31, 2021, it operated a fleet of 118 vessels, which included 110 container vessels and 8 vehicle transport vessels, of which four vessels were owned by it and 114 vessels are chartered-in; and network of 70 weekly lines. The company was incorporated in 1945 and is headquartered in Haifa, Israel.Show more

Revenue $8.43B +63.3%
EBITDA $3.63B +258.0%
Net Income $2.15B +179.7%
EPS (Diluted) 17.82 +179.5%
Gross Margin 32.89% +972.0%
EBITDA Margin 43.04% +119.3%
Operating Margin 29.48% +432.0%
Net Margin 25.48% +148.8%
ROE 66.08% +202.4%
ROIC 24.38% +658.9%
Debt/Equity 1.49 -27.0%
Interest Coverage 5.31 +541.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 29.9%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 42.0% free cash flow margin
✓Momentum leader: RS Rating 90 (top 10%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 20.6%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.47%

5Y20.63%

3Y-7.73%

TTM1.63%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-22.65%

TTM-30.27%

EPS CAGR

10Y-

5Y-

3Y-22.99%

TTM-30.26%

ROCE

10Y Avg31.01%

5Y Avg57.65%

3Y Avg34.54%

Latest34.02%

Peer Comparison

Container Ship Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MATXMatson, Inc.	4.55B	145.97	10.48	10.57%	12.7%	15.98%	10.06%	0.28
CMRECostamare Inc.	1.95B	16.18	6.63	37.88%	17.4%	15.08%	13.2%	0.92
EHLDEuroholdings Ltd.	19.49M	6.92	5.16	112.37%	122.75%	81.86%	24.39%
DACDanaos Corporation	1.86B	101.42	3.89	4.16%	45.16%	12.59%		0.21
GSLGlobal Ship Lease, Inc.	1.29B	36.11	3.72	5.82%	54.16%	23.67%	14.53%	0.47
ESEAEuroseas Ltd.	386.41M	55.15	3.40	12.43%	54.01%	28.23%		0.57
ZIMZIM Integrated Shipping Services Ltd.	2.73B	22.70	1.27	63.25%	13.21%	24.94%	100%	1.49

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.99B	2.54B	2.98B	3.25B	3.3B	3.99B	10.73B	12.56B	5.16B	8.43B
Revenue Growth %	-0.12%	-0.15%	0.17%	0.09%	0.02%	0.21%	1.69%	0.17%	-0.59%	0.63%
Cost of Goods Sold+	2.69B	2.5B	2.71B	3.11B	3.06B	3.15B	4.69B	6.16B	5.36B	5.66B
COGS % of Revenue	0.9%	0.98%	0.91%	0.96%	0.93%	0.79%	0.44%	0.49%	1.04%	0.67%
Gross Profit+	298.49M	43.59M	270.25M	137.17M	243.87M	842.49M	6.04B	6.4B	-194.7M	2.77B
Gross Margin %	0.1%	0.02%	0.09%	0.04%	0.07%	0.21%	0.56%	0.51%	-0.04%	0.33%
Gross Profit Growth %	0.23%	-0.85%	5.2%	-0.49%	0.78%	2.45%	6.17%	0.06%	-1.03%	15.24%
Operating Expenses+	196.2M	130.38M	137.76M	134.12M	133.45M	143.97M	247.56M	319.2M	263.8M	286.9M
OpEx % of Revenue	0.07%	0.05%	0.05%	0.04%	0.04%	0.04%	0.02%	0.03%	0.05%	0.03%
Selling, General & Admin	147.44M	130.38M	137.76M	134.12M	133.45M	143.97M	247.56M	319.2M	263.8M	286.9M
SG&A % of Revenue	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.02%	0.03%	0.05%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	70.77M	-86.8M	132.49M	3.06M	110.42M	698.51M	5.8B	6.08B	-458.5M	2.48B
Operating Margin %	0.02%	-0.03%	0.04%	0%	0.03%	0.17%	0.54%	0.48%	-0.09%	0.29%
Operating Income Growth %	5.85%	-2.23%	2.53%	-0.98%	35.12%	5.33%	7.3%	0.05%	-1.08%	6.42%
EBITDA+	169.08M	14.18M	240.88M	114.62M	355.93M	1.01B	6.58B	7.48B	1.01B	3.63B
EBITDA Margin %	0.06%	0.01%	0.08%	0.04%	0.11%	0.25%	0.61%	0.6%	0.2%	0.43%
EBITDA Growth %	0.5%	-0.92%	15.99%	-0.52%	2.11%	1.85%	5.49%	0.14%	-0.86%	2.58%
D&A (Non-Cash Add-back)	98.31M	100.97M	108.39M	111.57M	245.51M	314.19M	779.22M	1.4B	1.47B	1.14B
EBIT	70.77M	-52.31M	120.18M	-10.5M	141.38M	687.82M	5.82B	6.25B	-2.43B	2.68B
Net Interest Income+	0	-95.93M	-100.11M	-98.09M	-144.94M	-148.46M	-161.54M	-140.7M	-238.6M	-318.5M
Interest Income	97.65M	1.9M	2.06M	2.49M	2.45M	1.92M	7.36M	84.1M	142.2M	149.2M
Interest Expense	0	97.82M	102.17M	100.58M	147.38M	150.37M	168.9M	224.8M	380.8M	467.7M
Other Income/Expense	-93.38M	-58.34M	-106.9M	-108.78M	-111.7M	-157.72M	-136.48M	-54.3M	-2.36B	-279.8M
Pretax Income+	4.64M	-145.13M	25.6M	-105.72M	-1.28M	540.79M	5.66B	6.03B	-2.82B	2.21B
Pretax Margin %	0%	-0.06%	0.01%	-0.03%	-0%	0.14%	0.53%	0.48%	-0.55%	0.26%
Income Tax+	-1.89M	18.37M	14.23M	14.13M	11.77M	16.6M	1.01B	1.4B	-127.6M	51.2M
Effective Tax Rate %	0.49%	1.16%	0.24%	1.19%	14.2%	0.96%	0.82%	0.77%	0.96%	0.97%
Net Income+	2.25M	-168.29M	6.24M	-125.65M	-18.15M	517.96M	4.64B	4.62B	-2.7B	2.15B
Net Margin %	0%	-0.07%	0%	-0.04%	-0.01%	0.13%	0.43%	0.37%	-0.52%	0.25%
Net Income Growth %	1.01%	-75.7%	1.04%	-21.15%	0.86%	29.54%	7.96%	-0%	-1.58%	1.8%
Net Income (Continuing)	6.54M	-163.5M	11.36M	-119.85M	-13.04M	524.19M	4.65B	4.63B	-2.69B	2.15B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.98M	3.13M	6.51M	6.28M	5.4M	7.19M	7.52M	6.3M	3.3M	5.8M
EPS (Diluted)+	0.02	-1.68	0.06	-1.20	-0.11	4.31	39.02	38.35	-22.42	17.82
EPS Growth %	1.01%	-75.67%	1.04%	-20.23%	0.91%	40.18%	8.05%	-0.02%	-1.58%	1.79%
EPS (Basic)	0.02	-1.68	0.06	-1.26	-0.11	4.31	40.31	38.49	-22.42	17.84
Diluted Shares Outstanding	100M	100M	100M	104.31M	117.5M	120.13M	118.93M	120.44M	120.21M	120.49M
Basic Shares Outstanding	100M	100M	100M	100M	117.5M	120.13M	115.11M	120.01M	120.21M	120.36M
Dividend Payout Ratio	-	-	-	-	-	-	0.12%	0.72%	-	0.27%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	616.28M	444.69M	562.66M	746.64M	630.82M	1.2B	5.08B	4.27B	2.57B	3.26B
Cash & Short-Term Investments	248.14M	186.88M	252.56M	254.94M	241.83M	629.39M	3.69B	3.26B	1.8B	2.12B
Cash Only	218.74M	157.6M	157.89M	186.29M	182.79M	570.41M	1.54B	1.02B	921.5M	1.31B
Short-Term Investments	28.81M	29.28M	94.67M	68.65M	59.05M	58.98M	2.14B	2.23B	874.1M	800.4M
Accounts Receivable	164.58M	198.73M	230.66M	352.82M	291.53M	489.99M	1.22B	800.8M	562.5M	908.5M
Days Sales Outstanding	20.08	28.57	28.27	39.65	32.25	44.8	41.58	23.27	39.77	39.35
Inventory	44.57M	41.48M	63.84M	70.49M	60.34M	52.24M	118.97M	190.7M	179.3M	212.2M
Days Inventory Outstanding	6.04	6.07	8.6	8.27	7.21	6.05	9.27	11.3	12.22	13.69
Other Current Assets	132.32M	21.2M	16.94M	53.37M	11.58M	0	0	0	0	0
Total Non-Current Assets+	1.3B	1.26B	1.24B	1.08B	1.3B	1.62B	4.76B	7.35B	5.77B	8.13B
Property, Plant & Equipment	1.1B	1.12B	1.11B	990.11M	1.21B	1.54B	4.39B	5.75B	4.64B	6.84B
Fixed Asset Turnover	2.72x	2.27x	2.69x	3.28x	2.72x	2.60x	2.44x	2.18x	1.11x	1.23x
Goodwill	11.63M	10.23M	10.09M	8.23M	8.3M	7.56M	6.27M	9.6M	0	0
Intangible Assets	38.73M	41.26M	51.1M	56.41M	56.62M	58.9M	67.56M	83.3M	102M	109.8M
Long-Term Investments	82.81M	28.02M	30.55M	11.54M	11.21M	13.33M	181.42M	1.4B	935.1M	1.11B
Other Non-Current Assets	62.19M	59.4M	38.41M	12.16M	5.32M	5.29M	107.02M	112.1M	97.9M	61M
Total Assets+	1.91B	1.7B	1.8B	1.83B	1.93B	2.82B	9.84B	11.63B	8.35B	11.39B
Asset Turnover	1.56x	1.49x	1.65x	1.78x	1.71x	1.41x	1.09x	1.08x	0.62x	0.74x
Asset Growth %	-0.11%	-0.11%	0.06%	0.01%	0.05%	0.47%	2.48%	0.18%	-0.28%	0.36%
Total Current Liabilities+	610.93M	530.84M	686.69M	932.97M	926.34M	1.15B	2.76B	2.66B	2.52B	2.61B
Accounts Payable	266.11M	261.56M	275.74M	377.85M	350.77M	304.96M	433.9M	427.2M	414.6M	508.3M
Days Payables Outstanding	36.07	38.25	37.17	44.34	41.9	35.35	33.8	25.31	28.25	32.8
Short-Term Debt	146.55M	77.22M	313.09M	203.8M	140.07M	138.57M	130.7M	96.1M	48.2M	47.8M
Deferred Revenue (Current)	0	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	70.49M	81.56M	-37.13M	62.44M	56.54M	45.36M	41.45M	425.1M	171.6M	109.2M
Current Ratio	1.01x	0.84x	0.82x	0.80x	0.68x	1.04x	1.84x	1.60x	1.02x	1.25x
Quick Ratio	0.94x	0.76x	0.73x	0.72x	0.62x	1.00x	1.80x	1.53x	0.95x	1.17x
Cash Conversion Cycle	-9.95	-3.62	-0.29	3.59	-2.44	15.51	17.05	9.26	23.74	20.24
Total Non-Current Liabilities+	1.22B	1.27B	1.21B	1.12B	1.25B	1.4B	2.49B	3.07B	3.37B	4.74B
Long-Term Debt	596M	610.56M	577.17M	553.2M	541.93M	519.47M	120.8M	91.9M	73.6M	45.6M
Capital Lease Obligations	551.38M	595.16M	557.86M	503.5M	641.75M	811.84M	2.18B	2.78B	3.24B	4.6B
Deferred Tax Liabilities	0	354K	349K	346K	350K	339K	120.62M	151.4M	6.1M	27.6M
Other Non-Current Liabilities	75.27M	67.38M	73.76M	60.13M	67.99M	66.63M	65.59M	45.2M	46.1M	61.8M
Total Liabilities	1.83B	1.8B	1.9B	2.05B	2.18B	2.55B	5.24B	5.73B	5.89B	7.35B
Total Debt+	1.38B	1.37B	1.45B	1.37B	1.54B	1.83B	3.32B	4.35B	5.01B	6.02B
Net Debt	1.16B	1.21B	1.29B	1.18B	1.36B	1.26B	1.78B	3.33B	4.09B	4.7B
Debt / Equity	17.48x	-	-	-	-	6.68x	0.72x	0.74x	2.04x	1.49x
Debt / EBITDA	8.14x	96.40x	6.01x	11.96x	4.32x	1.81x	0.51x	0.58x	4.94x	1.66x
Net Debt / EBITDA	6.85x	85.28x	5.36x	10.34x	3.81x	1.25x	0.27x	0.44x	4.04x	1.30x
Interest Coverage	-	-0.89x	1.30x	0.03x	0.75x	4.65x	34.32x	27.05x	-1.20x	5.31x
Total Equity+	78.74M	-100.66M	-93.49M	-224.01M	-252.27M	274.45M	4.6B	5.9B	2.46B	4.04B
Equity Growth %	-0.01%	-2.28%	0.07%	-1.4%	-0.13%	2.09%	15.76%	0.28%	-0.58%	0.64%
Book Value per Share	0.79	-1.01	-0.93	-2.15	-2.15	2.28	38.67	48.95	20.45	33.55
Total Shareholders' Equity	74.77M	-103.78M	-100M	-230.29M	-257.67M	267.27M	4.59B	5.89B	2.45B	4.04B
Common Stock	88K	88K	88K	88K	88K	88K	923.16M	925.9M	926.6M	927.3M
Retained Earnings	-625.24M	-791.56M	-788.72M	-2.02B	-2.04B	-1.52B	2.58B	3.9B	437.2M	2B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-303K	-12.53M	-11.59M	1.09B	1.08B	1.79B	2.01B	1.99B	1.09B	1.11B
Minority Interest	3.98M	3.13M	6.51M	6.28M	5.4M	7.19M	7.52M	6.3M	3.3M	5.8M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	173.15M	-40.19M	230.93M	225.01M	370.63M	880.8M	5.97B	6.11B	1.02B	3.75B
Operating CF Margin %	0.06%	-0.02%	0.08%	0.07%	0.11%	0.22%	0.56%	0.49%	0.2%	0.45%
Operating CF Growth %	0.43%	-1.23%	6.75%	-0.03%	0.65%	1.38%	5.78%	0.02%	-0.83%	2.68%
Net Income	2.25M	-168.29M	11.36M	-119.85M	-13.04M	524.2M	4.65B	4.63B	-2.69B	2.15B
Depreciation & Amortization	98.31M	100.97M	108.39M	111.57M	245.51M	314.1M	779.2M	1.4B	1.47B	1.14B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	-70K	14.23M	14.13M	11.77M	16.6M	1.01B	1.4B	-127.6M	51.2M
Other Non-Cash Items	-12.69M	165.76M	103.65M	107.53M	109.05M	155.7M	-197M	-1.43B	2.19B	397.8M
Working Capital Changes	85.28M	25.3M	-6.7M	111.63M	17.35M	-129.8M	-270.8M	115.1M	174.9M	7.4M
Change in Receivables	71.72M	43.39M	-15.35M	-3.81M	43.42M	-204.5M	-766.5M	496.6M	242.7M	-352.9M
Change in Inventory	33.85M	3.09M	-22.36M	-6.65M	9.73M	8.1M	-66.8M	-71.7M	11.4M	-32.9M
Change in Payables	0	-8.39M	35.58M	131.68M	-28.11M	0	0	0	0	0
Cash from Investing+	103.54M	141.55M	-93.55M	51.11M	38.03M	-35.2M	-3.34B	-1.65B	1.78B	-223.2M
Capital Expenditures	-31.36M	-13.46M	-29.49M	-22.58M	-16.15M	-42.64M	-1.01B	-345.5M	-115.7M	-214.1M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.09%	0.03%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	134.9M	124.34M	-64.05M	73.69M	54.18M	6.64M	91.53M	27.9M	25.2M	-9.1M
Cash from Financing+	-282.59M	-155.23M	-139.77M	-242.68M	-411.4M	-460.4M	-1.65B	-4.98B	-2.89B	-3.13B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-536.4M	-3.3B	-769.2M	-579.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-103.54M	-4.44M	-84.33M	-87.72M	-127.79M	-139.3M	-164.7M	-229.4M	-389.6M	-469.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	141.79M	-53.65M	201.43M	202.43M	354.48M	838.1M	4.97B	5.76B	904.3M	3.54B
FCF Margin %	0.05%	-0.02%	0.07%	0.06%	0.11%	0.21%	0.46%	0.46%	0.18%	0.42%
FCF Growth %	0.39%	-1.38%	4.75%	0%	0.75%	1.36%	4.93%	0.16%	-0.84%	2.91%
FCF per Share	1.42	-0.54	2.01	1.94	3.02	6.98	41.75	47.86	7.52	29.37
FCF Conversion (FCF/Net Income)	76.85x	0.24x	37.04x	-1.79x	-20.42x	1.70x	1.29x	1.32x	-0.38x	1.75x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.85%	-	-	-	-	4668.84%	190.41%	88.03%	-64.54%	66.08%
Return on Invested Capital (ROIC)	4.14%	-5.55%	8.62%	0.21%	8.02%	39.68%	109.83%	58.47%	-4.36%	24.38%
Gross Margin	9.98%	1.72%	9.07%	4.22%	7.39%	21.11%	56.33%	50.96%	-3.77%	32.89%
Net Margin	0.08%	-6.63%	0.21%	-3.87%	-0.55%	12.98%	43.25%	36.77%	-52.22%	25.48%
Debt / Equity	17.48x	-	-	-	-	6.68x	0.72x	0.74x	2.04x	1.49x
Interest Coverage	-	-0.89x	1.30x	0.03x	0.75x	4.65x	34.32x	27.05x	-1.20x	5.31x
FCF Conversion	76.85x	0.24x	37.04x	-1.79x	-20.42x	1.70x	1.29x	1.32x	-0.38x	1.75x
Revenue Growth	-12.25%	-15.11%	17.29%	9.05%	1.6%	20.97%	168.78%	17.08%	-58.9%	63.25%

Revenue by Segment

	2020	2021	2022	2023	2024
Shipping	3.92B	10.54B	12.39B	-	-
Shipping Growth	-	168.86%	17.57%	-	-
Other Services	71.37M	-	169.9M	-	-
Other Services Growth	-	-	-	-	-
Other	-	188.48M	-	-	-
Other Growth	-	-	-	-	-

Revenue by Geography

	2020	2021	2022	2023	2024
Pacific	-	5.28B	5.5B	1.78B	3.92B
Pacific Growth	-	-	4.27%	-67.68%	120.34%
Cross Suez	392.68M	1.25B	1.53B	491.3M	864.5M
Cross Suez Growth	-	219.40%	21.87%	-67.86%	75.96%
Latin America	208.37M	490.33M	742.3M	425M	845.8M
Latin America Growth	-	135.31%	51.39%	-42.75%	99.01%
Intra Asia	453.13M	1.71B	1.95B	616.6M	762.9M
Intra Asia Growth	-	278.39%	13.49%	-68.31%	23.73%
Atlantic	577.44M	960.74M	1.23B	636.3M	687.8M
Atlantic Growth	-	66.38%	28.16%	-48.32%	8.09%
Asia Pacific	1.86B	-	-	-	-
Asia Pacific Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

ZIM Integrated Shipping Services Ltd. (ZIM) has a price-to-earnings (P/E) ratio of 1.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

ZIM Integrated Shipping Services Ltd. (ZIM) reported $7.59B in revenue for fiscal year 2024. This represents a 106% increase from $3.68B in 2013.

ZIM Integrated Shipping Services Ltd. (ZIM) grew revenue by 63.3% over the past year. This is strong growth.

Yes, ZIM Integrated Shipping Services Ltd. (ZIM) is profitable, generating $1.00B in net income for fiscal year 2024 (25.5% net margin).

Dividend & Returns

Yes, ZIM Integrated Shipping Services Ltd. (ZIM) pays a dividend with a yield of 21.18%. This makes it attractive for income-focused investors.

ZIM Integrated Shipping Services Ltd. (ZIM) has a return on equity (ROE) of 66.1%. This is excellent, indicating efficient use of shareholder capital.

ZIM Integrated Shipping Services Ltd. (ZIM) generated $2.83B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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ZIM Integrated Shipping Services Ltd. (ZIM) 10-Year Financial Performance & Capital Metrics

ZIM • • Industrial / General

IndustrialsMarine ShippingContainer ShippingContainer Ship Operators

Revenue $8.43B +63.3%
EBITDA $3.63B +258.0%
Net Income $2.15B +179.7%
EPS (Diluted) 17.82 +179.5%
Gross Margin 32.89% +972.0%
EBITDA Margin 43.04% +119.3%
Operating Margin 29.48% +432.0%
Net Margin 25.48% +148.8%
ROE 66.08% +202.4%
ROIC 24.38% +658.9%
Debt/Equity 1.49 -27.0%
Interest Coverage 5.31 +541.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 29.9%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 42.0% free cash flow margin
✓Momentum leader: RS Rating 90 (top 10%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 20.6%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.47%

5Y20.63%

3Y-7.73%

TTM1.63%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-22.65%

TTM-30.27%

EPS CAGR

10Y-

5Y-

3Y-22.99%

TTM-30.26%

ROCE

10Y Avg31.01%

5Y Avg57.65%

3Y Avg34.54%

Latest34.02%

Peer Comparison

Container Ship Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MATXMatson, Inc.	4.55B	145.97	10.48	10.57%	12.7%	15.98%	10.06%	0.28
CMRECostamare Inc.	1.95B	16.18	6.63	37.88%	17.4%	15.08%	13.2%	0.92
EHLDEuroholdings Ltd.	19.49M	6.92	5.16	112.37%	122.75%	81.86%	24.39%
DACDanaos Corporation	1.86B	101.42	3.89	4.16%	45.16%	12.59%		0.21
GSLGlobal Ship Lease, Inc.	1.29B	36.11	3.72	5.82%	54.16%	23.67%	14.53%	0.47
ESEAEuroseas Ltd.	386.41M	55.15	3.40	12.43%	54.01%	28.23%		0.57
ZIMZIM Integrated Shipping Services Ltd.	2.73B	22.70	1.27	63.25%	13.21%	24.94%	100%	1.49

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.99B	2.54B	2.98B	3.25B	3.3B	3.99B	10.73B	12.56B	5.16B	8.43B
Revenue Growth %	-0.12%	-0.15%	0.17%	0.09%	0.02%	0.21%	1.69%	0.17%	-0.59%	0.63%
Cost of Goods Sold+	2.69B	2.5B	2.71B	3.11B	3.06B	3.15B	4.69B	6.16B	5.36B	5.66B
COGS % of Revenue	0.9%	0.98%	0.91%	0.96%	0.93%	0.79%	0.44%	0.49%	1.04%	0.67%
Gross Profit+	298.49M	43.59M	270.25M	137.17M	243.87M	842.49M	6.04B	6.4B	-194.7M	2.77B
Gross Margin %	0.1%	0.02%	0.09%	0.04%	0.07%	0.21%	0.56%	0.51%	-0.04%	0.33%
Gross Profit Growth %	0.23%	-0.85%	5.2%	-0.49%	0.78%	2.45%	6.17%	0.06%	-1.03%	15.24%
Operating Expenses+	196.2M	130.38M	137.76M	134.12M	133.45M	143.97M	247.56M	319.2M	263.8M	286.9M
OpEx % of Revenue	0.07%	0.05%	0.05%	0.04%	0.04%	0.04%	0.02%	0.03%	0.05%	0.03%
Selling, General & Admin	147.44M	130.38M	137.76M	134.12M	133.45M	143.97M	247.56M	319.2M	263.8M	286.9M
SG&A % of Revenue	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.02%	0.03%	0.05%	0.03%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	70.77M	-86.8M	132.49M	3.06M	110.42M	698.51M	5.8B	6.08B	-458.5M	2.48B
Operating Margin %	0.02%	-0.03%	0.04%	0%	0.03%	0.17%	0.54%	0.48%	-0.09%	0.29%
Operating Income Growth %	5.85%	-2.23%	2.53%	-0.98%	35.12%	5.33%	7.3%	0.05%	-1.08%	6.42%
EBITDA+	169.08M	14.18M	240.88M	114.62M	355.93M	1.01B	6.58B	7.48B	1.01B	3.63B
EBITDA Margin %	0.06%	0.01%	0.08%	0.04%	0.11%	0.25%	0.61%	0.6%	0.2%	0.43%
EBITDA Growth %	0.5%	-0.92%	15.99%	-0.52%	2.11%	1.85%	5.49%	0.14%	-0.86%	2.58%
D&A (Non-Cash Add-back)	98.31M	100.97M	108.39M	111.57M	245.51M	314.19M	779.22M	1.4B	1.47B	1.14B
EBIT	70.77M	-52.31M	120.18M	-10.5M	141.38M	687.82M	5.82B	6.25B	-2.43B	2.68B
Net Interest Income+	0	-95.93M	-100.11M	-98.09M	-144.94M	-148.46M	-161.54M	-140.7M	-238.6M	-318.5M
Interest Income	97.65M	1.9M	2.06M	2.49M	2.45M	1.92M	7.36M	84.1M	142.2M	149.2M
Interest Expense	0	97.82M	102.17M	100.58M	147.38M	150.37M	168.9M	224.8M	380.8M	467.7M
Other Income/Expense	-93.38M	-58.34M	-106.9M	-108.78M	-111.7M	-157.72M	-136.48M	-54.3M	-2.36B	-279.8M
Pretax Income+	4.64M	-145.13M	25.6M	-105.72M	-1.28M	540.79M	5.66B	6.03B	-2.82B	2.21B
Pretax Margin %	0%	-0.06%	0.01%	-0.03%	-0%	0.14%	0.53%	0.48%	-0.55%	0.26%
Income Tax+	-1.89M	18.37M	14.23M	14.13M	11.77M	16.6M	1.01B	1.4B	-127.6M	51.2M
Effective Tax Rate %	0.49%	1.16%	0.24%	1.19%	14.2%	0.96%	0.82%	0.77%	0.96%	0.97%
Net Income+	2.25M	-168.29M	6.24M	-125.65M	-18.15M	517.96M	4.64B	4.62B	-2.7B	2.15B
Net Margin %	0%	-0.07%	0%	-0.04%	-0.01%	0.13%	0.43%	0.37%	-0.52%	0.25%
Net Income Growth %	1.01%	-75.7%	1.04%	-21.15%	0.86%	29.54%	7.96%	-0%	-1.58%	1.8%
Net Income (Continuing)	6.54M	-163.5M	11.36M	-119.85M	-13.04M	524.19M	4.65B	4.63B	-2.69B	2.15B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	3.98M	3.13M	6.51M	6.28M	5.4M	7.19M	7.52M	6.3M	3.3M	5.8M
EPS (Diluted)+	0.02	-1.68	0.06	-1.20	-0.11	4.31	39.02	38.35	-22.42	17.82
EPS Growth %	1.01%	-75.67%	1.04%	-20.23%	0.91%	40.18%	8.05%	-0.02%	-1.58%	1.79%
EPS (Basic)	0.02	-1.68	0.06	-1.26	-0.11	4.31	40.31	38.49	-22.42	17.84
Diluted Shares Outstanding	100M	100M	100M	104.31M	117.5M	120.13M	118.93M	120.44M	120.21M	120.49M
Basic Shares Outstanding	100M	100M	100M	100M	117.5M	120.13M	115.11M	120.01M	120.21M	120.36M
Dividend Payout Ratio	-	-	-	-	-	-	0.12%	0.72%	-	0.27%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	616.28M	444.69M	562.66M	746.64M	630.82M	1.2B	5.08B	4.27B	2.57B	3.26B
Cash & Short-Term Investments	248.14M	186.88M	252.56M	254.94M	241.83M	629.39M	3.69B	3.26B	1.8B	2.12B
Cash Only	218.74M	157.6M	157.89M	186.29M	182.79M	570.41M	1.54B	1.02B	921.5M	1.31B
Short-Term Investments	28.81M	29.28M	94.67M	68.65M	59.05M	58.98M	2.14B	2.23B	874.1M	800.4M
Accounts Receivable	164.58M	198.73M	230.66M	352.82M	291.53M	489.99M	1.22B	800.8M	562.5M	908.5M
Days Sales Outstanding	20.08	28.57	28.27	39.65	32.25	44.8	41.58	23.27	39.77	39.35
Inventory	44.57M	41.48M	63.84M	70.49M	60.34M	52.24M	118.97M	190.7M	179.3M	212.2M
Days Inventory Outstanding	6.04	6.07	8.6	8.27	7.21	6.05	9.27	11.3	12.22	13.69
Other Current Assets	132.32M	21.2M	16.94M	53.37M	11.58M	0	0	0	0	0
Total Non-Current Assets+	1.3B	1.26B	1.24B	1.08B	1.3B	1.62B	4.76B	7.35B	5.77B	8.13B
Property, Plant & Equipment	1.1B	1.12B	1.11B	990.11M	1.21B	1.54B	4.39B	5.75B	4.64B	6.84B
Fixed Asset Turnover	2.72x	2.27x	2.69x	3.28x	2.72x	2.60x	2.44x	2.18x	1.11x	1.23x
Goodwill	11.63M	10.23M	10.09M	8.23M	8.3M	7.56M	6.27M	9.6M	0	0
Intangible Assets	38.73M	41.26M	51.1M	56.41M	56.62M	58.9M	67.56M	83.3M	102M	109.8M
Long-Term Investments	82.81M	28.02M	30.55M	11.54M	11.21M	13.33M	181.42M	1.4B	935.1M	1.11B
Other Non-Current Assets	62.19M	59.4M	38.41M	12.16M	5.32M	5.29M	107.02M	112.1M	97.9M	61M
Total Assets+	1.91B	1.7B	1.8B	1.83B	1.93B	2.82B	9.84B	11.63B	8.35B	11.39B
Asset Turnover	1.56x	1.49x	1.65x	1.78x	1.71x	1.41x	1.09x	1.08x	0.62x	0.74x
Asset Growth %	-0.11%	-0.11%	0.06%	0.01%	0.05%	0.47%	2.48%	0.18%	-0.28%	0.36%
Total Current Liabilities+	610.93M	530.84M	686.69M	932.97M	926.34M	1.15B	2.76B	2.66B	2.52B	2.61B
Accounts Payable	266.11M	261.56M	275.74M	377.85M	350.77M	304.96M	433.9M	427.2M	414.6M	508.3M
Days Payables Outstanding	36.07	38.25	37.17	44.34	41.9	35.35	33.8	25.31	28.25	32.8
Short-Term Debt	146.55M	77.22M	313.09M	203.8M	140.07M	138.57M	130.7M	96.1M	48.2M	47.8M
Deferred Revenue (Current)	0	1000K	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	70.49M	81.56M	-37.13M	62.44M	56.54M	45.36M	41.45M	425.1M	171.6M	109.2M
Current Ratio	1.01x	0.84x	0.82x	0.80x	0.68x	1.04x	1.84x	1.60x	1.02x	1.25x
Quick Ratio	0.94x	0.76x	0.73x	0.72x	0.62x	1.00x	1.80x	1.53x	0.95x	1.17x
Cash Conversion Cycle	-9.95	-3.62	-0.29	3.59	-2.44	15.51	17.05	9.26	23.74	20.24
Total Non-Current Liabilities+	1.22B	1.27B	1.21B	1.12B	1.25B	1.4B	2.49B	3.07B	3.37B	4.74B
Long-Term Debt	596M	610.56M	577.17M	553.2M	541.93M	519.47M	120.8M	91.9M	73.6M	45.6M
Capital Lease Obligations	551.38M	595.16M	557.86M	503.5M	641.75M	811.84M	2.18B	2.78B	3.24B	4.6B
Deferred Tax Liabilities	0	354K	349K	346K	350K	339K	120.62M	151.4M	6.1M	27.6M
Other Non-Current Liabilities	75.27M	67.38M	73.76M	60.13M	67.99M	66.63M	65.59M	45.2M	46.1M	61.8M
Total Liabilities	1.83B	1.8B	1.9B	2.05B	2.18B	2.55B	5.24B	5.73B	5.89B	7.35B
Total Debt+	1.38B	1.37B	1.45B	1.37B	1.54B	1.83B	3.32B	4.35B	5.01B	6.02B
Net Debt	1.16B	1.21B	1.29B	1.18B	1.36B	1.26B	1.78B	3.33B	4.09B	4.7B
Debt / Equity	17.48x	-	-	-	-	6.68x	0.72x	0.74x	2.04x	1.49x
Debt / EBITDA	8.14x	96.40x	6.01x	11.96x	4.32x	1.81x	0.51x	0.58x	4.94x	1.66x
Net Debt / EBITDA	6.85x	85.28x	5.36x	10.34x	3.81x	1.25x	0.27x	0.44x	4.04x	1.30x
Interest Coverage	-	-0.89x	1.30x	0.03x	0.75x	4.65x	34.32x	27.05x	-1.20x	5.31x
Total Equity+	78.74M	-100.66M	-93.49M	-224.01M	-252.27M	274.45M	4.6B	5.9B	2.46B	4.04B
Equity Growth %	-0.01%	-2.28%	0.07%	-1.4%	-0.13%	2.09%	15.76%	0.28%	-0.58%	0.64%
Book Value per Share	0.79	-1.01	-0.93	-2.15	-2.15	2.28	38.67	48.95	20.45	33.55
Total Shareholders' Equity	74.77M	-103.78M	-100M	-230.29M	-257.67M	267.27M	4.59B	5.89B	2.45B	4.04B
Common Stock	88K	88K	88K	88K	88K	88K	923.16M	925.9M	926.6M	927.3M
Retained Earnings	-625.24M	-791.56M	-788.72M	-2.02B	-2.04B	-1.52B	2.58B	3.9B	437.2M	2B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-303K	-12.53M	-11.59M	1.09B	1.08B	1.79B	2.01B	1.99B	1.09B	1.11B
Minority Interest	3.98M	3.13M	6.51M	6.28M	5.4M	7.19M	7.52M	6.3M	3.3M	5.8M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	173.15M	-40.19M	230.93M	225.01M	370.63M	880.8M	5.97B	6.11B	1.02B	3.75B
Operating CF Margin %	0.06%	-0.02%	0.08%	0.07%	0.11%	0.22%	0.56%	0.49%	0.2%	0.45%
Operating CF Growth %	0.43%	-1.23%	6.75%	-0.03%	0.65%	1.38%	5.78%	0.02%	-0.83%	2.68%
Net Income	2.25M	-168.29M	11.36M	-119.85M	-13.04M	524.2M	4.65B	4.63B	-2.69B	2.15B
Depreciation & Amortization	98.31M	100.97M	108.39M	111.57M	245.51M	314.1M	779.2M	1.4B	1.47B	1.14B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	-70K	14.23M	14.13M	11.77M	16.6M	1.01B	1.4B	-127.6M	51.2M
Other Non-Cash Items	-12.69M	165.76M	103.65M	107.53M	109.05M	155.7M	-197M	-1.43B	2.19B	397.8M
Working Capital Changes	85.28M	25.3M	-6.7M	111.63M	17.35M	-129.8M	-270.8M	115.1M	174.9M	7.4M
Change in Receivables	71.72M	43.39M	-15.35M	-3.81M	43.42M	-204.5M	-766.5M	496.6M	242.7M	-352.9M
Change in Inventory	33.85M	3.09M	-22.36M	-6.65M	9.73M	8.1M	-66.8M	-71.7M	11.4M	-32.9M
Change in Payables	0	-8.39M	35.58M	131.68M	-28.11M	0	0	0	0	0
Cash from Investing+	103.54M	141.55M	-93.55M	51.11M	38.03M	-35.2M	-3.34B	-1.65B	1.78B	-223.2M
Capital Expenditures	-31.36M	-13.46M	-29.49M	-22.58M	-16.15M	-42.64M	-1.01B	-345.5M	-115.7M	-214.1M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.09%	0.03%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	134.9M	124.34M	-64.05M	73.69M	54.18M	6.64M	91.53M	27.9M	25.2M	-9.1M
Cash from Financing+	-282.59M	-155.23M	-139.77M	-242.68M	-411.4M	-460.4M	-1.65B	-4.98B	-2.89B	-3.13B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	-536.4M	-3.3B	-769.2M	-579.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-103.54M	-4.44M	-84.33M	-87.72M	-127.79M	-139.3M	-164.7M	-229.4M	-389.6M	-469.6M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	141.79M	-53.65M	201.43M	202.43M	354.48M	838.1M	4.97B	5.76B	904.3M	3.54B
FCF Margin %	0.05%	-0.02%	0.07%	0.06%	0.11%	0.21%	0.46%	0.46%	0.18%	0.42%
FCF Growth %	0.39%	-1.38%	4.75%	0%	0.75%	1.36%	4.93%	0.16%	-0.84%	2.91%
FCF per Share	1.42	-0.54	2.01	1.94	3.02	6.98	41.75	47.86	7.52	29.37
FCF Conversion (FCF/Net Income)	76.85x	0.24x	37.04x	-1.79x	-20.42x	1.70x	1.29x	1.32x	-0.38x	1.75x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.85%	-	-	-	-	4668.84%	190.41%	88.03%	-64.54%	66.08%
Return on Invested Capital (ROIC)	4.14%	-5.55%	8.62%	0.21%	8.02%	39.68%	109.83%	58.47%	-4.36%	24.38%
Gross Margin	9.98%	1.72%	9.07%	4.22%	7.39%	21.11%	56.33%	50.96%	-3.77%	32.89%
Net Margin	0.08%	-6.63%	0.21%	-3.87%	-0.55%	12.98%	43.25%	36.77%	-52.22%	25.48%
Debt / Equity	17.48x	-	-	-	-	6.68x	0.72x	0.74x	2.04x	1.49x
Interest Coverage	-	-0.89x	1.30x	0.03x	0.75x	4.65x	34.32x	27.05x	-1.20x	5.31x
FCF Conversion	76.85x	0.24x	37.04x	-1.79x	-20.42x	1.70x	1.29x	1.32x	-0.38x	1.75x
Revenue Growth	-12.25%	-15.11%	17.29%	9.05%	1.6%	20.97%	168.78%	17.08%	-58.9%	63.25%

Revenue by Segment

	2020	2021	2022	2023	2024
Shipping	3.92B	10.54B	12.39B	-	-
Shipping Growth	-	168.86%	17.57%	-	-
Other Services	71.37M	-	169.9M	-	-
Other Services Growth	-	-	-	-	-
Other	-	188.48M	-	-	-
Other Growth	-	-	-	-	-

Revenue by Geography

	2020	2021	2022	2023	2024
Pacific	-	5.28B	5.5B	1.78B	3.92B
Pacific Growth	-	-	4.27%	-67.68%	120.34%
Cross Suez	392.68M	1.25B	1.53B	491.3M	864.5M
Cross Suez Growth	-	219.40%	21.87%	-67.86%	75.96%
Latin America	208.37M	490.33M	742.3M	425M	845.8M
Latin America Growth	-	135.31%	51.39%	-42.75%	99.01%
Intra Asia	453.13M	1.71B	1.95B	616.6M	762.9M
Intra Asia Growth	-	278.39%	13.49%	-68.31%	23.73%
Atlantic	577.44M	960.74M	1.23B	636.3M	687.8M
Atlantic Growth	-	66.38%	28.16%	-48.32%	8.09%
Asia Pacific	1.86B	-	-	-	-
Asia Pacific Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

ZIM Integrated Shipping Services Ltd. (ZIM) has a price-to-earnings (P/E) ratio of 1.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

ZIM Integrated Shipping Services Ltd. (ZIM) reported $7.59B in revenue for fiscal year 2024. This represents a 106% increase from $3.68B in 2013.

ZIM Integrated Shipping Services Ltd. (ZIM) grew revenue by 63.3% over the past year. This is strong growth.

Yes, ZIM Integrated Shipping Services Ltd. (ZIM) is profitable, generating $1.00B in net income for fiscal year 2024 (25.5% net margin).

Dividend & Returns

Yes, ZIM Integrated Shipping Services Ltd. (ZIM) pays a dividend with a yield of 21.18%. This makes it attractive for income-focused investors.

ZIM Integrated Shipping Services Ltd. (ZIM) has a return on equity (ROE) of 66.1%. This is excellent, indicating efficient use of shareholder capital.

ZIM Integrated Shipping Services Ltd. (ZIM) generated $2.83B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.