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. keeps 15% of every revenue dollar as operating profit, against 15% for the median Marine Shipping name.
Operating margin · Marine Shipping median 15% · 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
- Gross margin
- 19%
Gross margin
| 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
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from ZIM and who it buys from, as the companies report it.
- 10 largest customers12%
Combined share of revenue · FY2025 20-F
- GSLGlobal Ship Lease, Inc.8.8%
ZIM is 8.8% of its revenue · FY2025 20-F
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; ZIM’s own figures are from its FY2025 20-F. Smaller customers and suppliers go unreported.