Value Sense
ZIM
ZIM Integrated Shipping Services Ltd. (ZIM)
Last Price$20.3(1.5%)
Market Cap$2,455.6M
LTM Revenue
$6,259.8M
+21.3% YoY
LTM Net Income
$1,586.2M
N/A
LTM Net Debt
$0.0
Net Debt to FCF - N/A
LTM Free Cash Flow (FCF)
$2,941.6M
47.0% margin

ZIM Income Statement

ZIM Income Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Revenue
$5,162.2M (58.9%) YoY
Gross profit
$2,207.6M 0.0% YoY
(42.8%) margin
Cost of revenue
$7,369.8M 20.1% YoY
Operating expenses
$303.4M 4.5% YoY
Net income
$2,695.6M 0.0% YoY
(52.2%) margin
Other: $2,625.7M
SG&A
$233.5M (31.0%) YoY
4.5% of revenue

ZIM Income statement key metrics

Annual
Quarterly
LTM

Revenue

$5,162.2M -58.9% YoY

Operating Income

($2,511.0M) N/A

Net Income

($2,695.6M) N/A

ZIM Balance Sheet

ZIM Balance Sheet Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Assets
Liabilities
Total assets
$8,346.0M
Current assets ($2,571.4M, 30.8% of total)
Cash & ST investments
$1,795.6M (21.5%)
Accounts receivables
$562.5M (6.7%)
Other current assets
$213.3M (2.6%)
Non-current assets ($5,774.6M, 69.2% of total)
Long-term investments
$935.1M (11.2%)
Intangible assets
$102.0M (1.2%)
Other non-current assets
$100.5M (1.2%)
Financial position
Net Debt
$3,215.0M
$1,795.6M$5,010.6M
Cash & Short-term Investments
Total Debt
Quick ratio
0.9x
Net Debt to Free Cash Flow
3.6x
Debt to Equity ratio
203.8%

ZIM Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

$8,346.0M -28.2% YoY

Liabilities

$5,888.0M +2.8% YoY

Shareholder's Equity

$2,458.0M -58.3% YoY

ZIM Cash Flow Statement

ZIM Cash Flow Statement Overview

Annual
Quarterly
LTM
Dec'14
Dec'15
Dec'16
Dec'17
Dec'18
Dec'19
Dec'20
Dec'21
Dec'22
Dec'23
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$1,022.1M$1,020.0M$1,776.5M($2,892.9M)($4,200.0K)$921.5M

ZIM Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$1,020.0M -83.3% YoY

Capital Expenditure (CAPEX)

($115.7M) -66.5% YoY

Free Cash Flow (FCF)

$904.3M -84.3% YoY

ZIM Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'12Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Revenue
% growth
3,960.4
0.0%
3,682.2
(7.0%)
3,408.8
(7.4%)
2,991.1
(12.3%)
2,539.3
(15.1%)
2,978.3
17.3%
3,247.9
9.1%
3,299.8
1.6%
3,991.7
21.0%
10,728.7
168.8%
12,561.6
17.1%
5,162.2
(58.9%)
Cost of Goods Sold (COGS)3,766.23,554.73,165.52,692.62,495.72,697.33,099.83,036.73,126.74,662.26,134.87,369.8
Gross Profit
% margin
194.2
4.9%
127.5
3.5%
243.3
7.1%
298.5
10.0%
43.6
1.7%
281.0
9.4%
148.1
4.6%
263.0
8.0%
865.0
21.7%
6,066.5
56.5%
6,426.8
51.2%
(2,207.6)
(42.8%)
Operating Expenses439.5474.0330.6196.2130.4144.7141.7149.1146.3254.1290.3303.4
Research & Development Expenses (R&D)0.00.00.00.00.00.00.00.00.00.00.00.0
Selling, General & Administrative Expenses (SG&A)142.4148.6153.0147.4130.4121.7116.4120.4163.2267.7338.3233.5
Operating Income
% margin
(100.0)
(2.5%)
(160.4)
(4.4%)
(14.6)
(0.4%)
70.8
2.4%
(86.8)
(3.4%)
142.6
4.8%
(23.2)
(0.7%)
121.1
3.7%
722.0
18.1%
5,816.3
54.2%
6,135.8
48.8%
(2,511.0)
(48.6%)
Interest Income163.5160.9129.797.795.92.12.52.41.918.8130.9142.2
Interest Expense0.00.00.00.00.0102.2100.6147.4181.3175.6239.4380.8
Pre-tax Income(408.8)(507.4)(217.1)4.6(150.1)25.6(105.7)(1.3)540.85,659.56,027.3(2,815.5)
Income Tax
% effective tax rate
18.8
(4.6%)
22.9
(4.5%)
18.9
(8.7%)
1.9
40.8%
18.4
(12.2%)
14.2
55.6%
14.1
(13.4%)
11.8
(920.7%)
16.6
3.1%
1,010.3
17.9%
1,398.3
23.2%
(127.6)
4.5%
Net Income
% margin
(433.2)
(10.9%)
(535.0)
(14.5%)
(204.9)
(6.0%)
2.3
0.1%
(168.3)
(6.6%)
6.2
0.2%
(125.7)
(3.9%)
(13.0)
(0.4%)
518.0
13.0%
4,640.3
43.3%
4,619.4
36.8%
(2,695.6)
(52.2%)
EPS0.00(0.54)(2.05)0.02(1.68)0.06(1.26)(0.11)4.3140.3138.49(22.42)
Diluted EPS0.00(0.54)(2.05)0.02(1.68)0.06(1.20)(0.11)4.3139.0238.35(22.42)
EBITDA
% margin
75.4
1.9%
(1.1)
(0.0%)
112.4
3.3%
169.1
5.7%
48.7
1.9%
228.6
7.7%
106.4
3.3%
386.9
11.7%
1,002.0
25.1%
6,603.7
61.6%
7,649.1
60.9%
(955.1)
(18.5%)