ZIM Integrated Shipping Services stock: fair value
ZIMThe fair value of ZIM Integrated Shipping Services under our model is $78.46, the price is 63% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $56.04 and expensive above $130.76 (uncertainty high, based on the price swings of the past year).
Calculated with a cost of equity of 13.1%. At 14.1% the fair value would be $71.55, at 12.1% it would be $86.99.
Where the number comes from
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 13.1% (government bond yield 3.8% plus beta 1.47 times a risk premium of 6.3%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $78.46 per share: free cash flow for the next ten years, each year discounted to today at 13.1%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 13.1%) |
|---|---|---|---|---|
| 2026 | $1.32B | extrapolated at −19.6% | 0.8840 | $1.17B |
| 2027 | $1.15B | extrapolated at −12.6% | 0.7815 | $902.02M |
| 2028 | $1.07B | extrapolated at −7.7% | 0.6908 | $736.31M |
| 2029 | $1.02B | extrapolated at −4.2% | 0.6107 | $623.48M |
| 2030 | $1B | extrapolated at −1.8% | 0.5398 | $541.23M |
| 2031 | $1B | extrapolated at −0.1% | 0.4772 | $477.92M |
| 2032 | $1.01B | extrapolated at 1.1% | 0.4219 | $427.01M |
| 2033 | $1.03B | extrapolated at 1.9% | 0.3729 | $384.64M |
| 2034 | $1.06B | extrapolated at 2.5% | 0.3297 | $348.45M |
| 2035 | $1.09B | extrapolated at 2.9% | 0.2914 | $316.91M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $5.93B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (13.1% − 3.8%) | $12.15B |
| Present value of terminal value (× 0.2914) | $3.54B |
| Equity value (sum plus present value of terminal value) | $9.47B |
| Shares (diluted) | 120.66M |
| Value per share (equity value divided by shares) | $78.46 |
| Fair value (from the cash flow model alone) | $78.46 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.