Red Sea Disruption


Source: seekingalpha.com seekingalpha.com

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narvikk Investment Thesis ZIM Integrated Shipping Services Ltd. has re-emerged as a formidable cash machine, with the potential to generate $24 in earnings per share (EPS) annually at current shipping rates. While that EPS level would reflect an extremely optimistic scenario, my more realistic assumption is $11.45 EPS for 2024. What's more, the company boasts over $23 in cash per share and holds additional assets valued at $5.3 per share, including vessels and containers, while currently trading at approximately $13. With these robust figures, the minimum fair value I estimate for ZIM is $30, reflecting an impressive upside of more...