Grindrod Shipping/GRIN

$13.64

0.22%
-
1D1W1MYTD1YMAX

About Grindrod Shipping

Grindrod Shipping Holdings Ltd. is a Singapore-based shipping company that owns, charters-in and operates a fleet of drybulk carriers. The Company operates the drybulk carriers’ business, which is divided into three segments: Handysize, Supramax/Ultramax, and Others. The drybulk business, which operates under the brand Island View Shipping (IVS), includes a core fleet of approximately 29 vessels, consisting of 14 handysize drybulk carriers and 15 supramax/ultramax drybulk carriers. Its drybulk carriers transport a range of major and minor bulk and breakbulk commodities, including ores, coal, grains, forestry products, steel products, and fertilizers, along worldwide shipping routes and are employed in pools of similarly sized vessels or in the spot market. Its subsidiaries include Comshipco Schiffahrtsagentur GmBH, Grindrod Shipping Pte. Ltd., Grindrod Shipping Services UK Limited, Grindrod Shipping (South Africa) (Pty) Ltd, IM Shipping Pte. Ltd., and IVS Bulk Pte. Ltd., among others.

Ticker

GRIN

Sector

Industrials

Trading on

NASDAQ

Industry

Water Transportation

CEO

Edward Buttery

Employees

1,015

Headquarters

Singapore, Singapore

GRIN Metrics

BasicAdvanced
$267.92M
Market cap
-
P/E ratio
-$0.49
EPS
0.70
Beta
$0.03
Dividend rate
0.88%
Dividend yield
$267.92M
0.70239
$13.70
$6.02
20.05K
$0.03
1.132
1.008
50.793
71.519
8.839
0.37%
-1.91%
-3.61%
-2.31%
0.692
1.089
1.148
1.75
0.22%
0.88%
-15.93%
-109.24%
11.5%

What the Analysts think about GRIN

Analyst Ratings

Majority rating from 1 analysts.
Buy

Price Targets

Average projection from 1 analyst.
8.36% downside
High $12.50
Low $12.50
$13.64
Current price
$12.50
Average price target

GRIN Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-2.59% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$88.7M
-21.09%
Net income
$-2.3M
-72.62%
Profit margin
-2.59%
-65.33%

GRIN Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 23.53%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
-$0.22
$0.28
-$0.44
-$0.13
-
Expected
-$0.63
-$0.21
-$0.21
-$0.17
-$0.21
Surprise
-65.08%
-233.33%
105.61%
-23.53%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Grindrod Shipping stock?

Grindrod Shipping (GRIN) has a market cap of $267.92M as of April 13, 2024.

What is the P/E ratio for Grindrod Shipping stock?

The price to earnings (P/E) ratio for Grindrod Shipping (GRIN) stock is 0 as of April 13, 2024.

Does Grindrod Shipping stock pay dividends?

Yes, the Grindrod Shipping (GRIN) stock pays dividends to shareholders. As of April 13, 2024, the dividend rate is $0.03 and the yield is 0.88%. Grindrod Shipping has a payout ratio of 0% on a trailing twelve-month basis.

When is the next Grindrod Shipping dividend payment date?

The next Grindrod Shipping (GRIN) dividend payment date is unconfirmed.

What is the beta indicator for Grindrod Shipping?

Grindrod Shipping (GRIN) has a beta rating of 0.7. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Grindrod Shipping stock price target?

The target price for Grindrod Shipping (GRIN) stock is $12.5, which is 8.36% below the current price of $13.64. This is an average based on projections from 1 analyst, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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