Zim Integrated Shipping Stock Beneish M Score

ZIM Stock  USD 10.17  0.31  3.14%   
This module uses fundamental data of ZIM Integrated to approximate the value of its Beneish M Score. ZIM Integrated M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out ZIM Integrated Piotroski F Score and ZIM Integrated Altman Z Score analysis.
  
At this time, ZIM Integrated's Debt To Equity is very stable compared to the past year. As of the 21st of April 2024, Total Debt To Capitalization is likely to grow to 0.84, while Net Debt is likely to drop about 2.4 B. At this time, ZIM Integrated's PB Ratio is very stable compared to the past year. As of the 21st of April 2024, Free Cash Flow Per Share is likely to grow to 12.88, while Free Cash Flow Yield is likely to drop 0.63.
At this time, it appears that ZIM Integrated Shipping is an unlikely manipulator. The earnings manipulation may begin if ZIM Integrated's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by ZIM Integrated executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of ZIM Integrated's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.71
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

0.82

Focus
Asset Quality

2.42

Focus
Expense Coverage

0.72

Focus
Gross Margin Strengs

0.95

Focus
Accruals Factor

0.72

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

1.28

Focus
Financial Leverage Condition

0.77

Focus

ZIM Integrated Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if ZIM Integrated's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Receivables585.8 M562.5 M
Sufficiently Up
Slightly volatile
Total Revenue6.6 B5.2 B
Significantly Up
Slightly volatile
Total Assets6.7 B8.3 B
Significantly Down
Slightly volatile
Total Current Assets2.1 B2.6 B
Significantly Down
Slightly volatile
Non Current Assets TotalB5.8 B
Way Down
Slightly volatile
Property Plant Equipment6.9 B6.6 B
Sufficiently Up
Slightly volatile
Depreciation And Amortization1.5 B1.5 B
Sufficiently Up
Slightly volatile
Selling General Administrative213.9 M233.5 M
Significantly Down
Slightly volatile
Total Current Liabilities1.7 B2.5 B
Way Down
Slightly volatile
Non Current Liabilities Total2.3 B3.4 B
Way Down
Slightly volatile
Net Debt2.4 B4.1 B
Way Down
Slightly volatile
Short Term Debt983.4 M1.7 B
Way Down
Slightly volatile
Long Term Debt59 M62.1 M
Notably Down
Slightly volatile
Total Cash From Operating Activities969 MB
Notably Down
Slightly volatile
Short Term Investments997 M874.1 M
Fairly Up
Slightly volatile
Long Term Investments981.9 M935.1 M
Sufficiently Up
Slightly volatile

ZIM Integrated Shipping Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between ZIM Integrated's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards ZIM Integrated in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find ZIM Integrated's degree of accounting gimmicks and manipulations.

About ZIM Integrated Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Other Operating Expenses

4.06 Billion

At this time, ZIM Integrated's Other Operating Expenses is very stable compared to the past year.

ZIM Integrated Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as ZIM Integrated. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201920202021202220232024 (projected)
Net Receivables291.5M520.0M1.3B825.7M562.5M585.8M
Total Revenue3.3B4.0B10.7B12.6B5.2B6.6B
Total Assets1.9B2.8B9.8B11.6B8.3B6.7B
Total Current Assets630.8M1.2B5.1B4.3B2.6B2.1B
Net Debt1.4B1.3B1.8B3.3B4.1B2.4B
Short Term Debt355.6M500.7M1.0B1.5B1.7B983.4M
Long Term Debt541.9M519.5M120.8M78.2M62.1M59.0M
Operating Income121.1M722.0M5.8B6.1B(458.5M)(435.6M)
Investments38.0M(35.2M)(2.1B)(1.6B)895.3M940.1M
Gross Profit Margin0.07970.220.570.51(0.0377)(0.0358)

About ZIM Integrated Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ZIM Integrated Shipping's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ZIM Integrated using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ZIM Integrated Shipping based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

ZIM Integrated Investors Sentiment

The influence of ZIM Integrated's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ZIM. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ZIM Integrated's public news can be used to forecast risks associated with an investment in ZIM. The trend in average sentiment can be used to explain how an investor holding ZIM can time the market purely based on public headlines and social activities around ZIM Integrated Shipping. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ZIM Integrated's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ZIM Integrated's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ZIM Integrated's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ZIM Integrated.

ZIM Integrated Implied Volatility

    
  59.21  
ZIM Integrated's implied volatility exposes the market's sentiment of ZIM Integrated Shipping stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ZIM Integrated's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ZIM Integrated stock will not fluctuate a lot when ZIM Integrated's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ZIM Integrated in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ZIM Integrated's short interest history, or implied volatility extrapolated from ZIM Integrated options trading.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether ZIM Integrated Shipping is a strong investment it is important to analyze ZIM Integrated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ZIM Integrated's future performance. For an informed investment choice regarding ZIM Stock, refer to the following important reports:
Check out ZIM Integrated Piotroski F Score and ZIM Integrated Altman Z Score analysis.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

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When running ZIM Integrated's price analysis, check to measure ZIM Integrated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ZIM Integrated is operating at the current time. Most of ZIM Integrated's value examination focuses on studying past and present price action to predict the probability of ZIM Integrated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ZIM Integrated's price. Additionally, you may evaluate how the addition of ZIM Integrated to your portfolios can decrease your overall portfolio volatility.
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Is ZIM Integrated's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ZIM Integrated. If investors know ZIM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ZIM Integrated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.76)
Earnings Share
(22.42)
Revenue Per Share
42.942
Quarterly Revenue Growth
(0.45)
Return On Assets
(0.03)
The market value of ZIM Integrated Shipping is measured differently than its book value, which is the value of ZIM that is recorded on the company's balance sheet. Investors also form their own opinion of ZIM Integrated's value that differs from its market value or its book value, called intrinsic value, which is ZIM Integrated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ZIM Integrated's market value can be influenced by many factors that don't directly affect ZIM Integrated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ZIM Integrated's value and its price as these two are different measures arrived at by different means. Investors typically determine if ZIM Integrated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ZIM Integrated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.