|
Related Topics
|
|
Category: ZIM Integrated Shipping (ZIM)
Date: 23 March 2021 Stock price of ZIM: $26.78 Market Capital of ZIM Integrated Shipping : $3.1 billion We take a a look at the 4th quarter 2020 earnings report of ZIM Integrated Shipping (ZIM) a global, asset-light container liner shipping company with leadership positions in the markets where it operates
|
|
|
Our YouTube channel is now live. Watch short summary videos of our articles
Mr. Yair Seroussi, Chairman of the Board of Directors - ZIM's IPO earlier this year was the culmination of many months of hard work and dedication by ZIM's management and employees in collaboration with the Board of Directors and marks the successful turnaround the Company has undergone over the past few years."
More About UTZ Brands
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is a global, asset-light container liner shipping company with leadership positions in the markets where it operates. Founded in Israel in 1945, ZIM is one of the oldest shipping liners, with over 75 years of experience, providing customers with innovative seaborne transportation and logistics services with a reputation for industry leading transit times, schedule reliability and service excellence
Overview of ZIM Integrated Shipping 4th quarter 2020 earnings report
- Net income for the fourth quarter of 2020 was $366.4 million, compared to $1.2 million for the fourth quarter of 2019. Total revenues were $1.36 billion for the fourth quarter of 2020, compared to $827.3 million for the fourth quarter of 2019, primarily driven by an increase in revenues from containerized cargo, reflecting increases in both freight rates and carried volume.
- ZIM carried 799 thousand TEUs in the fourth quarter of 2020, compared to 698 thousand TEUs in the fourth quarter of 2019. The average freight rate per TEU was $1,518 for the fourth quarter of 2020, compared to $1,017 for the fourth quarter of 2019.
- Operating income (EBIT) for the fourth quarter of 2020 was $439.4 million, compared to $44.6 million for the fourth quarter of 2019.
- Adjusted EBITDA was $531.3 million for the fourth quarter of 2020, compared to $115.4 million for the fourth quarter of 2019. Adjusted EBIT was $439.2 million for the fourth quarter of 2020, compared to $47.4 million for the fourth quarter of 2019. Adjusted EBITDA and Adjusted EBIT margins for the fourth quarter of 2020 were 39% and 32%, respectively. This compares to 14% and 6% for the fourth quarter of 2019.
- Net cash generated from operating activities was $414.4 million for the fourth quarter of 2020, compared to $89.3 million for the fourth quarter of 2019.
UTZ Brands (UTZ) management commentary on 4th quarter 2020 earnings
HAIFA, Israel, March 22, 2021 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and twelve months ended December 31, 2020.
Mr. Yair Seroussi, Chairman of the Board of Directors stated, "ZIM's IPO earlier this year was the culmination of many months of hard work and dedication by ZIM's management and employees in collaboration with the Board of Directors and marks the successful turnaround the Company has undergone over the past few years. We are very pleased with the financial results released today, our first as a public company, and believe that they are proof of the exceptional human capital at ZIM. Moreover, these capabilities will continue to drive ZIM's future growth and success."
Eli Glickman, ZIM President & CEO, stated, "Our all-time record results in 2020 and the significant milestones we have achieved year-to-date-2021 represent a truly momentous time for ZIM. During a global pandemic, we generated our highest net income in the company's 75-year history, underscoring the benefits of our differentiated strategy and our proactive approach to address COVID-19. We also ended the year strong, as we achieved EBIT and EBITDA at the high end of our guidance range and continued to achieve industry leading margins. We are committed to our goal of consistently performing as one of the top three carriers in terms of EBIT margin."
Mr. Glickman added, "We commenced 2021 by becoming the first global container liner to list on the NYSE, highlighting our success creating a leading asset-light shipping liner at the forefront of digitization. Following our IPO, we also announced a strategic long-term chartering agreement for ten 15,000 TEU LNG dual-fuel container vessels, positioning ZIM to meet the growing market demand on the Asia - US East Coast trade and advance our leadership in addressing environmental and sustainability issues."
Mr. Glickman concluded, "Today, ZIM is a revitalized company with new strengths, an invigorated spirit and a promising outlook for operating amid the new realities of shipping. Combined with our dedicated team of professionals and commitment to utilizing big data and technology, we remain well positioned to enhance our customer experiences, capitalize on favorable industry fundamentals, and maximize long-term profitability. In 2021, as per the guidance we provide, we expect to continue our positive trajectory, achieving significant Adjusted EBITDA and Adjusted EBIT growth and maintaining industry leading margins. We also intend to further harness our "Startup Nation" DNA based on innovation and technological collaborations to continue to develop growth engines that provide us additional revenue streams beyond our traditional shipping business."
Mr. Yair Seroussi, Chairman of the Board of Directors stated, "ZIM's IPO earlier this year was the culmination of many months of hard work and dedication by ZIM's management and employees in collaboration with the Board of Directors and marks the successful turnaround the Company has undergone over the past few years. We are very pleased with the financial results released today, our first as a public company, and believe that they are proof of the exceptional human capital at ZIM. Moreover, these capabilities will continue to drive ZIM's future growth and success."
Eli Glickman, ZIM President & CEO, stated, "Our all-time record results in 2020 and the significant milestones we have achieved year-to-date-2021 represent a truly momentous time for ZIM. During a global pandemic, we generated our highest net income in the company's 75-year history, underscoring the benefits of our differentiated strategy and our proactive approach to address COVID-19. We also ended the year strong, as we achieved EBIT and EBITDA at the high end of our guidance range and continued to achieve industry leading margins. We are committed to our goal of consistently performing as one of the top three carriers in terms of EBIT margin."
Mr. Glickman added, "We commenced 2021 by becoming the first global container liner to list on the NYSE, highlighting our success creating a leading asset-light shipping liner at the forefront of digitization. Following our IPO, we also announced a strategic long-term chartering agreement for ten 15,000 TEU LNG dual-fuel container vessels, positioning ZIM to meet the growing market demand on the Asia - US East Coast trade and advance our leadership in addressing environmental and sustainability issues."
Mr. Glickman concluded, "Today, ZIM is a revitalized company with new strengths, an invigorated spirit and a promising outlook for operating amid the new realities of shipping. Combined with our dedicated team of professionals and commitment to utilizing big data and technology, we remain well positioned to enhance our customer experiences, capitalize on favorable industry fundamentals, and maximize long-term profitability. In 2021, as per the guidance we provide, we expect to continue our positive trajectory, achieving significant Adjusted EBITDA and Adjusted EBIT growth and maintaining industry leading margins. We also intend to further harness our "Startup Nation" DNA based on innovation and technological collaborations to continue to develop growth engines that provide us additional revenue streams beyond our traditional shipping business."
ZIM Integrated Shipping (ZIM) stock price history since its listing
The image below shows the stock price history of ZIM Integrated Shipping (ZIM) since their listing. And its been a good time for ZIM stockholders with the stock increasing by 41.9% since its listing
The stock of ZIM Integrated Shipping is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of ZIM Integrated Shipping stock is positive at this point in time.
The stock of ZIM Integrated Shipping is trading at closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of ZIM Integrated Shipping stock is positive at this point in time.
ZIM Integrated Shipping (ZIM) stock price history since its listing
Latest stock valuation of ZIM Integrated Shipping (ZIM)
So what is ZIM Integrated Shipping (ZIM) stock worth based on their 4th quarter 2020 earnings report? Based on their earnings report our valuation model provides a target price (full value price) for ZIM Integrated Shipping (ZIM) at $42.80 a stock
We therefore believe the stock of ZIM Integrated Shipping (ZIM) is undervalued at its current price of $26.78
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $38.20 thus a good entry point into ZIM Integrated Shipping (ZIM) would be at $38.50 or below.
We expect the stock of ZIM to kick up from current levels in coming weeks and months to levels closer to our target price (full value price), as their stock is price is undervalued
We therefore believe the stock of ZIM Integrated Shipping (ZIM) is undervalued at its current price of $26.78
We usually recommend long term fundamental or value investors look to enter a stock at least 10% below our target price (full value price), which in this case is $38.20 thus a good entry point into ZIM Integrated Shipping (ZIM) would be at $38.50 or below.
We expect the stock of ZIM to kick up from current levels in coming weeks and months to levels closer to our target price (full value price), as their stock is price is undervalued
Next earnings release of ZIM Integrated Shipping (ZIM)
It is expected that ZIM Integrated Shipping (ZIM) will release their 1st quarter 2021 earnings report in mid June 2021
Related Topics