ZIMZIM Integrated Shipping Services Ltd.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (3.1×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
A balanced mix of margins, efficiency, and leverage. ROE 12% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is ZIM?
ZIM Integrated Shipping Services Ltd. earns 29% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 20 points above what the capital costs: growth creates value
- Operating margin
- 15%
Operating margin · Marine Shipping median 26% · fiscal year to FY2025
- Cash conversion
- 3.10×
Cash conversion · 1.52× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.02%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 18% |
| FY2021 | 54% |
| FY2022 | 49% |
| FY2023 | −49% |
| FY2024 | 30% |
| FY2025 | 15% |
Details›
- Gross marginfiscal year to FY2025
- 19%
- Operating marginfiscal year to FY2025
- 15%
- Net marginfiscal year to FY2025
- 6.9%
- Revenue, trailing twelve months
- $6.90B
- Net income, trailing twelve months
- $479M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 29%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.