Analyzing Grindrod Shipping (GRIN) and Its Competitors

Grindrod Shipping (NASDAQ: GRIN) is one of 51 public companies in the “Deep sea foreign transportation of freight” industry, but how does it weigh in compared to its competitors? We will compare Grindrod Shipping to similar companies based on the strength of its dividends, profitability, institutional ownership, analyst recommendations, risk, earnings and valuation.

Institutional and Insider Ownership

57.5% of shares of all “Deep sea foreign transportation of freight” companies are held by institutional investors. 16.9% of shares of all “Deep sea foreign transportation of freight” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Risk & Volatility

Grindrod Shipping has a beta of 1.02, meaning that its stock price is 2% more volatile than the S&P 500. Comparatively, Grindrod Shipping’s competitors have a beta of -5.62, meaning that their average stock price is 662% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of recent recommendations and price targets for Grindrod Shipping and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Grindrod Shipping 0 0 2 0 3.00
Grindrod Shipping Competitors 690 1580 1513 60 2.25

Grindrod Shipping currently has a consensus price target of $11.55, suggesting a potential upside of 200.00%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 77.45%. Given Grindrod Shipping’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Grindrod Shipping is more favorable than its competitors.

Profitability

This table compares Grindrod Shipping and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Grindrod Shipping N/A N/A N/A
Grindrod Shipping Competitors -11.46% 1.35% 1.32%

Earnings & Valuation

This table compares Grindrod Shipping and its competitors revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Grindrod Shipping $331.05 million N/A -3.47
Grindrod Shipping Competitors $414.84 million $15.08 million -3.03

Grindrod Shipping’s competitors have higher revenue and earnings than Grindrod Shipping. Grindrod Shipping is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Summary

Grindrod Shipping competitors beat Grindrod Shipping on 7 of the 12 factors compared.

Grindrod Shipping Company Profile

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers. The company operates in two businesses, Drybulk Carriers and Tankers. It operates a fleet of 24 owned dry bulk carriers and 6 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 a fleet of 8 owned tankers and 2 long-term chartered-in tankers, which carry petroleum products, 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 trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. Grindrod Shipping Holdings Ltd. was incorporated in 2017 and is based in Singapore.

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