
ZIM Stock Forecast & Price Target
ZIM Analyst Ratings
Bulls say
ZIM Integrated Shipping Services Ltd recorded a strong liquidity position at the end of Q3, with cash increasing to $3.05 billion from $2.91 billion in the prior quarter, which enhances its financial stability. The company achieved an adjusted EBITDA of $593 million, exceeding consensus estimates, and a significant reduction in all-in costs per TEU, which fell to $1,780, indicating improved operational efficiency. Additionally, ZIM's strategic return of chartered ships and focus on optimizing capacity position the company favorably to capture market share in key trade regions while managing costs effectively.
Bears say
ZIM Integrated Shipping Services Ltd faces a challenging financial outlook, as management has indicated a projected EBIT loss for the fourth quarter, alongside concerns regarding negative earnings and free cash flow. The company experienced a significant decline in car carrier revenue from $111 million to $78 million, contributing to a reduced free cash flow breakeven of $1,463 per TEU, while overall carried volumes remained flat at 2.77 million TEU for the first nine months of the year. Additionally, the persistent low freight rates and an elevated total debt of $5.66 billion raise further concerns about the company's overall valuation and sustainability in a competitive market.
This aggregate rating is based on analysts' research of ZIM Integrated Shipping Services and is not a guaranteed prediction by Public.com or investment advice.
ZIM Analyst Forecast & Price Prediction
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