- ZIM has raised its full-year 2024 adjusted EBITDA forecast to a range of $3.3 billion to $3.6 billion, up from the previous estimate of $2.6 billion to $3.0 billion.
- The company also increased its adjusted EBIT forecast for the year to between $2.15 billion and $2.45 billion, up from $1.45 billion to $1.85 billion.
- For the third quarter, ZIM reported revenues of $2.77 billion, significantly higher than the previous year’s $1.27 billion and exceeding the estimated $2.38 billion.
- EPS for the quarter was $9.34, contrasting with a loss of $18.90 per share in the previous year and surpassing the estimate of $6.57.
- Adjusted EBIT for the third quarter was $1.24 billion, compared to a loss of $213 million the previous year, and exceeded the estimate of $892.5 million.
- Adjusted EBITDA for the third quarter was $1.53 billion, a substantial increase from $211 million the previous year, and above the estimated $1.31 billion.
- The adjusted EBIT margin for the quarter improved to 45%, compared to a negative 17% the previous year.
- The adjusted EBITDA margin also grew to 55%, from 17% the previous year.
- ZIM’s carried volume increased by 12% year-on-year to 970,000 TEUs.
- The average freight rate per TEU rose to $2,480 from $1,139 year-on-year.
- The company is optimistic about its financial performance, citing declining unit costs and a strong position for long-term profitable growth.
- The analyst recommendations include 0 buys, 4 holds, and 4 sells for ZIM stock.
ZIM Integrated Shipping Services on Smartkarma
Analyst coverage of ZIM Integrated Shipping Services on Smartkarma by Daniel Hellberg presents varying sentiments. In one report titled “Short ZIM Against Long Position in China Merchants Port Hldgs | 2025 High Conviction,” Hellberg leans bearish, suggesting that container shipping price momentum is waning, advocating for a short position in ZIM against a long position in terminal operator CMPH to bet against softening price momentum. The report highlights ZIM’s share performance correlation to price momentum and the strategy to isolate sagging prices.
Another report by Hellberg, “Monthly Container Shipping Tracker: Strong Price Momentum Likely to Moderate in Q4,” takes a bearish stance, predicting a moderation in the strong year-to-date price momentum of container carriers in Q4. The analysis mentions a slight easing of price momentum in August, with anticipated challenges for sector winners to outperform if momentum wanes. Hellberg’s insights shed light on the potential challenges and opportunities in the container shipping industry.
A look at ZIM Integrated Shipping Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, ZIM Integrated Shipping Services shows a positive long-term outlook based on its strong ratings in several key factors. With high scores in both value and dividend, the company is seen as financially stable and offers good returns to investors. Additionally, its momentum score indicates a favorable market sentiment towards the company’s future prospects.
ZIM Integrated Shipping Services, a provider of shipping services globally, is backed by solid fundamentals and a focus on shareholder returns. While its growth and resilience scores are not as high, the company’s strong value proposition, steady dividend payments, and positive market momentum position it well for long-term success in the competitive shipping industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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