GRINDROD SHIPPING HOLDINGS L (GRIN)
SG9999019087 - Common Stock
Taking everything into account, GRIN scores 3 out of 10 in our fundamental rating. GRIN was compared to 29 industry peers in the Marine Transportation industry. GRIN scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. GRIN is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
GRIN had negative earnings in the past year.
In the past year GRIN had a positive cash flow from operations.
In multiple years GRIN reported negative net income over the last 5 years.
GRIN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a Return On Assets value of -2.10%, GRIN is not doing good in the industry: 89.66% of the companies in the same industry are doing better.
The Return On Equity of GRIN (-3.93%) is worse than 89.66% of its industry peers.
The Return On Invested Capital of GRIN (1.15%) is worse than 65.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.1% | ||
| ROE | -3.93% | ||
| ROIC | 1.15% |
ROA(3y)11.72%
ROA(5y)4.11%
ROE(3y)23.09%
ROE(5y)6.74%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Operating Margin value of 1.41%, GRIN is not doing good in the industry: 79.31% of the companies in the same industry are doing better.
Looking at the Gross Margin, with a value of 10.15%, GRIN is doing worse than 82.76% of the companies in the same industry.
In the last couple of years the Gross Margin of GRIN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.41% | ||
| PM (TTM) | N/A | ||
| GM | 10.15% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y23.43%
GM growth 5Y23.92%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GRIN is destroying value.
The number of shares outstanding for GRIN has been increased compared to 1 year ago.
Compared to 5 years ago, GRIN has more shares outstanding
Compared to 1 year ago, GRIN has an improved debt to assets ratio.
2.2 Solvency
GRIN has an Altman-Z score of 1.56. This is a bad value and indicates that GRIN is not financially healthy and even has some risk of bankruptcy.
GRIN's Altman-Z score of 1.56 is in line compared to the rest of the industry. GRIN outperforms 58.62% of its industry peers.
The Debt to FCF ratio of GRIN is 1.14, which is an excellent value as it means it would take GRIN, only 1.14 years of fcf income to pay off all of its debts.
GRIN has a better Debt to FCF ratio (1.14) than 96.55% of its industry peers.
GRIN has a Debt/Equity ratio of 0.51. This is a neutral value indicating GRIN is somewhat dependend on debt financing.
GRIN has a Debt to Equity ratio (0.51) which is comparable to the rest of the industry.
Even though the debt/equity ratio score it not favorable for GRIN, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | 1.14 | ||
| Altman-Z | 1.56 |
ROIC/WACC0.14
WACC8.17%
2.3 Liquidity
GRIN has a Current Ratio of 1.13. This is a normal value and indicates that GRIN is financially healthy and should not expect problems in meeting its short term obligations.
GRIN has a worse Current ratio (1.13) than 62.07% of its industry peers.
GRIN has a Quick Ratio of 1.01. This is a normal value and indicates that GRIN is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of GRIN (1.01) is worse than 62.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
GRIN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -107.59%.
The Revenue for GRIN has decreased by -15.93% in the past year. This is quite bad
The Revenue has been growing slightly by 3.95% on average over the past years.
EPS 1Y (TTM)-107.59%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q45.83%
Revenue 1Y (TTM)-15.93%
Revenue growth 3Y11.51%
Revenue growth 5Y3.95%
Revenue growth Q2Q9.07%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y247.9%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year21.63%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for GRIN. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 22.89, the valuation of GRIN can be described as rather expensive.
Based on the Price/Forward Earnings ratio, GRIN is valued a bit more expensive than 72.41% of the companies in the same industry.
GRIN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 22.89 |
4.2 Price Multiples
62.07% of the companies in the same industry are more expensive than GRIN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, GRIN is valued cheaply inside the industry as 89.66% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 1.73 | ||
| EV/EBITDA | 6.1 |
4.3 Compensation for Growth
GRIN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.87%, GRIN is not a good candidate for dividend investing.
GRIN's Dividend Yield is comparable with the industry average which is at 4.99.
With a Dividend Yield of 0.87, GRIN pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.87% |
5.2 History
GRIN has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
GRIN has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-12.09%
EPS Next 2YN/A
EPS Next 3YN/A
GRINDROD SHIPPING HOLDINGS L
NASDAQ:GRIN (4/26/2024, 3:30:01 PM)
13.54
-0.08 (-0.59%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap266.60M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.87% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 22.89 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.1% | ||
| ROE | -3.93% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 1.41% | ||
| PM (TTM) | N/A | ||
| GM | 10.15% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.51 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.13 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-107.59%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y247.9%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-15.93%
Revenue growth 3Y11.51%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y