ZIM is shipping company that is massively undervalued. It’s current P/E is 2.00 in an industry that usually trades with a P/E of 4.65 with some of the biggest names all above 5.0. Historically this industry has traded at a P/E of 16.1 but it’s not expected that these shipping container rates will stay sky high for the next 5 years (more like 1-2) so some of that long term expectation is being accounted for. Regardless ZIM is undervalued and growing faster than it’s peers as next quarters earnings expectations show. In early May ZIM is expecting earnings per share of 12.54 vs last years 5.17 for an yoy earnings growth of 143%.
I expect this stock to flirt with $100 by next ER and should break $120 this year. Add to that some juicy dividends along the way and this is a nice stock to jump into. Let’s all make some money. Good luck and of course this is not financial advice.
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