GRIN
Grindrod Shipping Holdings Ltd. [GRIN] Stock Forecast
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In the News
Grindrod Shipping Holdings Ltd. Announces Date For Unaudited Financial Results For The Fourth Quarter & The Year Ended December 31, 2022
SINGAPORE, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services in the drybulk sector, announced it will release earnings results for the fourth quarter and year ended December 31, 2022 on Wednesday, February 15, 2023, after market closing in New York.
Grindrod Shipping: Why Have Good, When You Can Have Great
Grindrod Shipping's business has remained highly profitable, and management is looking to pay out 30% of net income as dividends. A recent offer at a 17% premium has not been accepted, as investors see value greater than its current trading price.
Grindrod Shipping Is Cheap Compared To Other Dry Bulk Stocks
Due to the high inflation rates, COVID-19, and the continuing war in Ukraine, the global recession likely will continue hurting the demand for dry bulk commodities. However, the measures of the Chinese government and central bank should support iron ore demand.
Taylor Maritime Investments takes full ownership of Grindrod Shipping
Taylor Maritime Investments Limited (TMI) has agreed to buy Grindrod Shipping Holdings Limited for a total price of $506mln. The deal, facilitated through TMI's subsidiary, Good Falkirk, values each share in Grindrod at $26.
Why Grindrod Shipping Stock Blasted 17% Higher Today
A buyout proposal pops the shares on an otherwise unmemorable Monday for the market.
Why Is Grindrod Shipping (GRIN) Stock Up 15% Today?
Source: Avigator Fortuner / Shutterstock.com This morning, Grindrod Shipping (NASDAQ: GRIN ) disclosed that it is in “exclusive discussions” with Taylor Maritime Investments (OTCMKTS: TMILF ) regarding a potential buyout of Grindrod. This proposed acquisition hasn't been finalized.
Grindrod Shipping Holdings Ltd. (GRIN) CEO Stephen Griffiths on Q2 2022 Results - Earnings Call Transcript
Grindrod Shipping Holdings Ltd. (NASDAQ:GRIN ) Q2 2022 Earnings Conference Call August 18, 2022 8:00 AM ET Company Participants Stephen Griffiths - Interim Chief Executive Officer & Chief Financial Officer Carl Ackerley - Chief Operating Officer Conference Call Participants Poe Fratt - Alliance Global Partners Francis Daniels - Anibok Investment Operator Thank you for standing by, ladies and gentlemen and welcome to Grindrod Shipping Holdings Limited Second Quarter 2022 Financial Results Call.
What's in Store for Grindrod Shipping (GRIN) in Q2 Earnings?
High fuel costs are likely to get reflected in Grindrod Shipping's (GRIN) Q2 results.
Grindrod Shipping Holdings Ltd. Announces Date for Its Second Quarter and First Half 2022 Financial Results Release
SINGAPORE, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or "Company"), a global provider of maritime transportation services predominantly in the drybulk sector, announced it will release earnings results for the three months and six months ended June 30, 2022 on Wednesday, August 17, 2022, after market closing in New York.
Is Grindrod Shipping (GRIN) Stock Outpacing Its Transportation Peers This Year?
Here is how Grindrod Shipping Holdings Ltd. (GRIN) and Matson (MATX) have performed compared to their sector so far this year.
GRIN Financial details
GRIN Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 16.73 | 17.4 | 14.72 | 23.8 | 24.3 | |
| Net income per share | -1.08 | -2.29 | -2.05 | 6.21 | 5.45 | |
| Operating cash flow per share | -1.96 | -2.92 | 3.71 | 10.7 | 9.82 | |
| Free cash flow per share | -1.98 | -2.94 | 3.69 | 10.69 | 9.8 | |
| Cash per share | 1.87 | 1.87 | 2 | 5.59 | 2.76 | |
| Book value per share | 15.34 | 13.24 | 11.19 | 16.69 | 15.17 | |
| Tangible book value per share | 14.96 | 13.19 | 13.32 | 16.68 | 15.17 | |
| Share holders equity per share | 15.34 | 13.24 | 11.19 | 16.69 | 15.17 | |
| Interest debt per share | 6.33 | 12.33 | 16.91 | 15.21 | 12.78 | |
| Market cap | 118.96M | 123.46M | 79.66M | 345.29M | 354.55M | |
| Enterprise value | 197.78M | 311.09M | 348.27M | 517.11M | 527.41M | |
| P/E ratio | -5.76 | -2.84 | -2.05 | 2.9 | 3.43 | |
| Price to sales ratio | 0.37 | 0.37 | 0.29 | 0.76 | 0.77 | |
| POCF ratio | -3.18 | -2.22 | 1.13 | 1.69 | 1.91 | |
| PFCF ratio | -3.15 | -2.21 | 1.14 | 1.69 | 1.91 | |
| P/B Ratio | 0.41 | 0.49 | 0.38 | 1.08 | 1.23 | |
| PTB ratio | 0.41 | 0.49 | 0.38 | 1.08 | 1.23 | |
| EV to sales | 0.62 | 0.94 | 1.25 | 1.13 | 1.15 | |
| Enterprise value over EBITDA | 167.75 | 18.05 | 12.61 | 2.68 | 2.8 | |
| EV to operating cash flow | -5.29 | -5.6 | 4.95 | 2.52 | 2.84 | |
| EV to free cash flow | -5.24 | -5.57 | 4.98 | 2.52 | 2.84 | |
| Earnings yield | -0.17 | -0.35 | -0.49 | 0.34 | 0.29 | |
| Free cash flow yield | -0.32 | -0.45 | 0.88 | 0.59 | 0.52 | |
| Debt to equity | 0.53 | 1.06 | 1.73 | 1.02 | 0.91 | |
| Debt to assets | 0.35 | 0.51 | 0.59 | 0.5 | 0.48 | |
| Net debt to EBITDA | 66.85 | 10.89 | 9.72 | 0.89 | 0.92 | |
| Current ratio | 2.17 | 1.05 | 0.7 | 1.61 | 1.16 | |
| Interest coverage | -3.7 | -0.7 | -0.67 | 11.45 | 6.95 | |
| Income quality | 1.81 | 1.28 | -1.81 | 1.72 | 1.8 | |
| Dividend Yield | 0 | 0 | 0 | 0.04 | 0.38 | |
| Payout ratio | 0 | 0 | 0 | 0.11 | 1.31 | |
| Sales general and administrative to revenue | 0.1 | 0.08 | 0.09 | 0.08 | 0.1 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0.02 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | 0.01 | 0 | -0.01 | 0 | 0 | |
| Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
| Capex to depreciation | -0.03 | -0.01 | -0.01 | 0 | 0 | |
| Stock based compensation to revenue | 0 | 0 | 0.01 | 0.01 | 0.02 | |
| Graham number | 19.33 | 26.1 | 22.69 | 48.29 | 43.15 | |
| ROIC | -0.07 | -0.02 | -0.02 | 0.35 | 0.28 | |
| Return on tangible assets | -0.05 | -0.08 | -0.06 | 0.18 | 0.19 | |
| Graham Net | -3.26 | -10.32 | -16.2 | -9.67 | -9.16 | |
| Working capital | 66.28M | 4.71M | -35.29M | 61.15M | 14.55M | |
| Tangible asset value | 285.11M | 250.82M | 252.65M | 319.41M | 287.26M | |
| Net current asset value | -32.18M | -175.63M | -285.47M | -164.04M | -156.56M | |
| Invested capital | 0.39 | 0.89 | 1.44 | 0.87 | 0.78 | |
| Average receivables | 72.87M | 54.04M | 31.73M | 29.85M | 36.38M | |
| Average payables | 18.17M | 7.89M | 17.57M | 30.61M | 31.74M | |
| Average inventory | 9.96M | 11.54M | 10.47M | 11.3M | 14.59M | |
| Days sales outstanding | 79.19 | 42.85 | 32.16 | 28.1 | 29.86 | |
| Days payables outstanding | 9.48 | 9.14 | 37.8 | 44.32 | 36.78 | |
| Days of inventory on hand | 12.85 | 14.38 | 12.02 | 18.2 | 18.99 | |
| Receivables turnover | 4.61 | 8.52 | 11.35 | 12.99 | 12.22 | |
| Payables turnover | 38.52 | 39.93 | 9.65 | 8.23 | 9.92 | |
| Inventory turnover | 28.4 | 25.38 | 30.36 | 20.05 | 19.22 | |
| ROE | -0.07 | -0.17 | -0.18 | 0.37 | 0.36 | |
| Capex per share | -0.02 | -0.01 | -0.02 | 0 | -0.01 |
Quarterly Fundamentals Overview
Last date of statement is 2022-12-31 for Q4
| Metric | History | 2021-12-31 | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 7.51 | 5.9 | 8.65 | 5.64 | 4.25 | |
| Net income per share | 2.79 | 1.55 | 3.04 | 1.17 | -0.24 | |
| Operating cash flow per share | 1 | 1.53 | 5.85 | 1.6 | 0.92 | |
| Free cash flow per share | 0.99 | 1.52 | 5.85 | 1.6 | 0.92 | |
| Cash per share | 5.65 | 5.7 | 8.57 | 7.7 | 2.73 | |
| Book value per share | 16.86 | 18.32 | 20.74 | 20.5 | 15 | |
| Tangible book value per share | 16.85 | 18.3 | 20.73 | 20.49 | 15 | |
| Share holders equity per share | 16.86 | 18.32 | 20.74 | 20.5 | 15 | |
| Interest debt per share | 14.86 | 15.19 | 13.77 | 12.12 | 12.03 | |
| Market cap | 341.78M | 475.2M | 320.35M | 454.59M | 358.49M | |
| Enterprise value | 513.6M | 649.32M | 413.18M | 534.14M | 531.35M | |
| P/E ratio | 1.62 | 4.09 | 1.41 | 5.13 | -19.56 | |
| Price to sales ratio | 2.4 | 4.31 | 1.98 | 4.24 | 4.41 | |
| POCF ratio | 18.12 | 16.67 | 2.93 | 14.91 | 20.24 | |
| PFCF ratio | 18.14 | 16.71 | 2.93 | 14.94 | 20.26 | |
| P/B Ratio | 1.07 | 1.39 | 0.83 | 1.17 | 1.25 | |
| PTB ratio | 1.07 | 1.39 | 0.83 | 1.17 | 1.25 | |
| EV to sales | 3.61 | 5.89 | 2.56 | 4.98 | 6.53 | |
| Enterprise value over EBITDA | 9.36 | 13.13 | 5.33 | 12.36 | 29.01 | |
| EV to operating cash flow | 27.23 | 22.78 | 3.78 | 17.52 | 30 | |
| EV to free cash flow | 27.25 | 22.84 | 3.78 | 17.55 | 30.03 | |
| Earnings yield | 0.15 | 0.06 | 0.18 | 0.05 | -0.01 | |
| Free cash flow yield | 0.06 | 0.06 | 0.34 | 0.07 | 0.05 | |
| Debt to equity | 1.02 | 0.92 | 0.77 | 0.67 | 0.91 | |
| Debt to assets | 0.5 | 0.48 | 0.43 | 0.4 | 0.48 | |
| Net debt to EBITDA | 3.13 | 3.52 | 1.2 | 1.84 | 9.44 | |
| Current ratio | 1.61 | 1.77 | 1.92 | 2.25 | 1.16 | |
| Interest coverage | 20.45 | 10.47 | 14.18 | 5.91 | -0.05 | |
| Income quality | 0.36 | 0.98 | 1.93 | 1.38 | -3.87 | |
| Dividend Yield | 0 | 0.03 | 0.03 | 0.04 | 0.27 | |
| Payout ratio | 0 | 0.47 | 0.16 | 0.72 | -21.25 | |
| Sales general and administrative to revenue | 0.08 | 0.07 | 0.05 | 0.12 | 0.24 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
| Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
| Capex to depreciation | 0.03 | 0 | -0.01 | 0 | 0 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0 | 0.02 | 0.06 | |
| Graham number | 32.51 | 25.31 | 37.66 | 23.2 | 8.98 | |
| ROIC | 0.14 | 0.08 | 0.18 | 0.08 | 0 | |
| Return on tangible assets | 0.08 | 0.04 | 0.08 | 0.03 | -0.01 | |
| Graham Net | -9.77 | -9.14 | -5.16 | -4.16 | -9.06 | |
| Working capital | 61.15M | 74.87M | 110.1M | 113.09M | 14.55M | |
| Tangible asset value | 319.41M | 341.92M | 387.25M | 389.32M | 287.26M | |
| Net current asset value | -164.04M | -141.99M | -67.91M | -58.42M | -156.56M | |
| Invested capital | 0.87 | 0.82 | 0.65 | 0.58 | 0.78 | |
| Average receivables | 34.75M | 36.85M | 39.96M | 39.14M | 37.31M | |
| Average payables | 32.68M | 29.16M | 26.05M | 27.82M | 28.79M | |
| Average inventory | 13.27M | 15.35M | 18.43M | 19.08M | 16.68M | |
| Days sales outstanding | 22.17 | 31.51 | 23.01 | 31.02 | 41.66 | |
| Days payables outstanding | 40.25 | 31.61 | 25.67 | 36.64 | 45.62 | |
| Days of inventory on hand | 16.53 | 21.72 | 18.63 | 23.68 | 23.55 | |
| Receivables turnover | 4.06 | 2.86 | 3.91 | 2.9 | 2.16 | |
| Payables turnover | 2.24 | 2.85 | 3.51 | 2.46 | 1.97 | |
| Inventory turnover | 5.45 | 4.14 | 4.83 | 3.8 | 3.82 | |
| ROE | 0.17 | 0.08 | 0.15 | 0.06 | -0.02 | |
| Capex per share | 0 | 0 | -0.01 | 0 | 0 |
GRIN Frequently Asked Questions
What is Grindrod Shipping Holdings Ltd. stock symbol ?
Grindrod Shipping Holdings Ltd. is a SG stock and trading under the symbol GRIN
What is Grindrod Shipping Holdings Ltd. stock quote today ?
Grindrod Shipping Holdings Ltd. stock price is $11.25 today.
Is Grindrod Shipping Holdings Ltd. stock public?
Yes, Grindrod Shipping Holdings Ltd. is a publicly traded company.
Company Profile
- Volume Average 116.66K
- Market Capitalization 219.06M
- Employee 596
- CEO Mr. Stephen William Griffiths
- Headquarters Singapore,SG
- IPO Date 2018-06-18
-
Website
https://www.grinshipping.com 
Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 long-term chartered-in dry bulk carriers that transport a range of bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers. The company also operates one owned tanker, which carry petroleum products, such as petrol, diesel, jet fuel, and naptha, as well as heavy fuel oil; and low hazard chemical products comprising liquid bulk vegetable oils. Its customers include shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.
