For "investors" looking for a long-term growth company that is a market disruptor, this could be the company. ZIM has solid operating metrics. Once their transition happens expect the numbers to grow with solid divs. To be realistic the stock in 2023 will probably be in the $12-14 range at the current P/E but if they are valued fairly ZIM would grow to $20-$30 range at a typical P/E of 2-3 like other shipping companies. This company has better metrics than most other shippers but without the heavy burden of debt and assets. They can react quicker and since they don't have heavy ownership in vessels & they can limit losses on shipping and can more easily take advantage of more profitable routes and markets. For me, this is a long-term play. I am personally upsidedown on the stock price because I initially jumped at the div last year, however I see value long terms. Go read ZIM guidance reports and be realistic.
Comments