Why ZIM Integrated Thrives Amid Market Chaos
- ZIM outperformed the market, delivering a 32% return in two months, reflecting its undervaluation and growth.
- Forward P/E ratio of 2.17 (89% below sector median) and forward P/S ratio of 0.42 (74% below).
- $2.8 billion revenue (+117% YoY), $1.1 billion net income, 55% EBITDA margin, and 45% EBIT margin.
- Q3 2024 Free Cash Flow reached $1.5 billion, a nearly 5X increase from $328 million in Q3 2023.
- 50% fleet newbuilds by 2024, including 28 LNG-powered ships, boosting efficiency and aligning with ESG mandates.
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Investment Thesis
Two months after our bullish rating on ZIM Integrated Shipping (NYSE:ZIM), the stock outpaced the broader market with an incredible return of 32%, which then affirmed our conviction in growth sustainability. With the continued excellent financial performance of
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