Added to YB: 2024-10-25
Pitch date: 2024-10-24
ZIM [bullish]
ZIM Integrated Shipping Services Ltd.
+27.81%
current return
Author Info
Hidden Rock Capital is an investment advisor unearthing asymmetric investment opportunities hiding in plain sight. Sign up for the newsletter.
Company Info
ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally.
Market Cap
$2.4B
Pitch Price
$14.68
Price Target
N/A
Dividend
36.43%
EV/EBITDA
2.21
P/E
2.36
EV/Sales
0.80
Sector
Marine Transportation
Category
value
Zoom Zoom Zim
ZIM: Deep value at 2x 2024E P/E ($11-$13/sh). Catalysts: Persistent Red Sea attacks, global economic recovery driving shipping rates. MAERSK guidance hike signals strong Q3/FY24. 13-16% short interest adds squeeze potential. Generous dividend policy (30%+ payout) pressures shorts. Buy on dips as hedge on geopolitical risks.
Read full article (4 min)