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ZIM Integrated Shipping USD

Update

Re-runs extraction for each period with period-end year from max(2023, current year − 2) through the current year, oldest first (up to three reporting years). This can take a long time.

Sector: Freight & shipping

Geography: Global shipping

COMM_ZIM

Price chart

26.23 USDDay 1.24%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
26.23 USD · 1.24%
Market cap
3.2 bn USD

Growth

Δ revenue y/y
-18.1%
Δ EBITDA y/y
-37.3%

Multiples

P/E (LTM)
6.6x
3y avg: 3.4x
P/B (FY)
0.8x
EV/EBITDA (LTM)
3.4x
3y avg: 2.6x

Cash return

Dividend yield
3.4%
FCF yield (LTM)
68.5%

Value creation

to fair market cap at the current EV/EBITDA
Upside (potential)

Liquidity

Daily turnover (listing)
23.1 mln USD

Shares: yahoo_fundamentals_timeseries/ZIM

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 3 / Err: 0 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-12-31 FYWarn 1
2024-12-31 FYWarn 1
2025-12-31 FYWarn 1
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2025-12-31FY 2025 (12M)PARTIAL6904.2
y/y -18.1%
1016.0
y/y -59.8%
1286.1
y/y 12.6%
2302.1
y/y -37.3%
481.5
y/y -77.6%
2299.5-133.311008.1
y/y -3.3%
4020.9
y/y -0.4%
12.0%4675.6
2024-12-31FY 2024 (12M)PARTIAL8427.4
y/y 63.3%
2527.3
y/y
1142.5
y/y -22.4%
3669.8
y/y
2153.8
y/y
3752.7-223.211389.5
y/y 36.5%
4036.9
y/y 64.5%
66.4%4699.5
2023-12-31FY 2023 (12M)PARTIAL5162.2
y/y
-2511.0
y/y
1471.8
y/y
-1039.2
y/y
-2687.9
y/y
1020.08346.0
y/y
2454.7
y/y
4072.9
Data quality — review suggested

Cash flow

Net debt / cash ($ mln)

01 0002 0003 0004 0005 0002023 FY2024 FY2025 FY

Key-commodity price — Freightos Baltic Index

Current 2 889spot vs LTM +32%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +140.7%

Main driver: Freightos Baltic Index +32% vs LTM; revenue ×1.32 vs costs ×1.11; EBITDA 2 789→6 015; at 2.0× EV/EBITDA → +141%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Freightos Baltic Index (rev)+100%2 888.802 193.992 840.12+32%+29%
VLSFO America (cost)-18%861.50610.66708.55+41%+16%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue13 930
LTM EBITDA2 789
LTM cash costs (revenue − EBITDA)11 141
2 · Revenue projection
Revenue multiplier — spot×1.317 (+32%)
= Spot revenue18 341
Revenue multiplier — 3y price×1.295 (+29%)
= 3-year-price revenue18 033
3 · Costs projection
Cost multiplier — spot×1.106 (+11%)
= Spot cash costs12 326
Cost multiplier — 3y price×1.062 (+6%)
= 3-year-price cash costs11 827
4 · EBITDA projection (revenue − costs)
= Spot EBITDA6 015
= 3-year-price EBITDA6 206
Conservative EBITDA = min(spot, avg)6 015
5 · Valuation → target market cap
Historical EV/projected-EBITDA (3-yr average)2.0x
Target EV = EV/EBITDA × conservative EBITDA12 031
Net debt4 366
Target market cap = EV − net debt7 581
Current market cap3 150

Upside = target market cap ÷ current − 1 = +140.7%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2021 FY10 72915 773-32.0%6 59612 495-47.2%
2022 FY12 56210 149+23.8%7 5325 452+38.2%
2023 FY5 1622 676+92.9%-1 039-2 312
2024 FY8 42713 064-35.5%3 6706 665-44.9%
2025 FY6 9045 655+22.1%2 302864+166.6%

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 2.2x · target 3-yr avg 0.6x · LTM avg 2.1x

EV/EBITDA (LTM)EV/EBITDA (projected)target avg (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-03-200.88 USDEx-dividend: 0.88 USD per sharePaidYahoo Finance (ex-div)
2025-06-020.74 USDEx-dividend: 0.74 USD per sharePaidYahoo Finance (ex-div)
2025-03-243.17 USDEx-dividend: 3.17 USD per sharePaidYahoo Finance (ex-div)
2024-12-023.65 USDEx-dividend: 3.65 USD per sharePaidYahoo Finance (ex-div)
2024-08-290.93 USDEx-dividend: 0.93 USD per sharePaidYahoo Finance (ex-div)
2024-06-040.23 USDEx-dividend: 0.23 USD per sharePaidYahoo Finance (ex-div)
2023-04-046.4 USDEx-dividend: 6.4 USD per sharePaidYahoo Finance (ex-div)
2022-11-282.95 USDEx-dividend: 2.95 USD per sharePaidYahoo Finance (ex-div)
2022-08-264.75 USDEx-dividend: 4.75 USD per sharePaidYahoo Finance (ex-div)
2022-05-272.85 USDEx-dividend: 2.85 USD per sharePaidYahoo Finance (ex-div)
2022-03-2217 USDEx-dividend: 17 USD per sharePaidYahoo Finance (ex-div)
2021-12-152.5 USDEx-dividend: 2.5 USD per sharePaidYahoo Finance (ex-div)
2021-08-242 USDEx-dividend: 2 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)