Positioning no disclosures inside 60 days, left as found
Options put/call open interest 1.17, read 2026-11-02
Ethical does not pass the values gate
Price29.30 USD
Fair value36.00
Ethical score70.0/100
Value readUndervaluedas of 3 Nov 2026
Our investment reviews on this name
2026-10-21Read Markdown29.84-1.8% to today ✓Accumulation gives way to Markdown after an 11% rise in 9 weeks
2026-08-19Read Accumulation26.90+8.9% to today ✓Markdown gives way to Accumulation with volume flow in agreement
2026-07-02Read Markdown26.23+11.7% to today First review on file: Markdown
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
ZIM Integrated Shipping Services Ltd. holds its Markdown at $29.30. The statistical read favours the sellers, held for 122 days.
As held on the ledger · 2026-11-03
Phase
Markdown · caution
Quantitative state
The statistical read favours the sellers, held for 122 days
Price at the screen
$29.30
Valuation
25.35 trailing · 4.35 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.16
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
52.02%
Below 33%
Interest-bearing debt is 52.0% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
9.31%
Below 33%
Cash held in interest-bearing accounts and securities is 9.3% of assets, under the one-third limit.
Pass
Receivables
14.11%
Below 49%
Money owed to the company is 14.1% of assets, under the 49% limit.
Pass
Revenue purity
1.91%
Below 5%
Only 1.9% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
ZIM Integrated Shipping Services's business is in a permissible area, but its interest-bearing debt is about 52% of the company, well over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-04. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when ZIM's ethical verdict changes
Today ZIM does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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Conscience flag · AFSC Investigate, Don’t Buy Into Occupation, Who Profits Corporate Database
The quantitative screen above is arithmetic. Separately, community boycott lists cite this company: Documented on AFSC Investigate / Don’t Buy Into Occupation / Who Profits Corporate Database — category: Corporate Complicity Report / Annex 2 Company List. The desk records that flag here without folding it into the verdict: the screen measures the balance sheet, the overlay informs the conscience, and they are different judgements that belong to different owners. The second one is yours.
What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Undervalued vs our fair value, as of 3 Nov 2026: it trades at roughly a 21% discount to our $36.00 fair value, 8.90% revenue growth.
Fair value range in USD, drawn from the 2026-11-03 screen. The gold marker is the market price at the same screen. A 18.6% discount to the base estimate.
Where our models see it going: fair-value estimate $36.00, with a range of $36.00 to $45.36, dated to the 2026-11-03 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Shipping Cycles Rarely Reward the Patient Holder
Every boom in global trade fills container decks and lifts rates, then new vessels flood the lanes and earnings collapse. ZIM now shows revenue down thirty percent, a two percent profit margin and three percent return on equity, all classic signs that the recent peak has passed. The forward multiple sits at minus ten point eight times, yet that reading flags fading earnings rather than a bargain.
We pass because the stock trades at the same level as our fair value with no margin of safety and zero opportunity rating. In a cyclical industry a low multiple often marks the start of a value trap, not the end. Unknown moat and analyst targets clustered at the current price add no extra support.
Global trade swings and thin returns remain the central risks, leaving little room for error if volumes stay soft. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: its business and earnings are exposed to Israel and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ZIM trades on the NYSE (the company is based in Israel). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-04Markdown$29.30+0.5%Entry 10
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 0.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (4 analysts) rates it hold, with a mean price target of $22.
2026-10-28Markdown$29.15-2.3%Entry 9
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 2.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 16% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (4 analysts) rates it hold, with a mean price target of $22.
2026-10-21Markdown · changed$29.84-0.5%Entry 8
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 20% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (4 analysts) rates it hold, with a mean price target of $22.
2026-10-14Accumulation$29.99-1.5%Entry 7
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 1.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (4 analysts) rates it hold, with a mean price target of $22.
2026-10-02Accumulation$30.46+3.0%Entry 6
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 3.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (4 analysts) rates it hold, with a mean price target of $22.
2026-09-18Accumulation$29.57+9.9%Entry 5
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 9.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (4 analysts) rates it hold, with a mean price target of $22.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.6% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (4 analysts) rates it hold, with a mean price target of $22.
2026-07-18Markdown$26.23+0.0%Entry 3
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C. Technically it is holding around 19% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 36%. The street (4 analysts) rates it hold, with a mean price target of $22.
2026-07-03Markdown$26.23+0.0%Entry 2
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markdown$26.23Entry 1
Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
