Grindrod Shipping Holdings - ADR Key Ratios
$32.08
As on 15-Sep-2026 12:11EDT
Market cap
$280 Mln
Revenue (TTM)
$387 Mln
P/E Ratio
--
P/B Ratio
1.1
Div. Yield
10 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | -21.05 | 9.11 | -15.93 | 20.75 | -0.81 |
| EBIT | 125.29 | 104.67 | -91.96 | 28.70 | 18.28 |
| Net Profit | 71.96 | 48.06 | -109.31 | -141.76 | 9.90 |
| EPS | -- | -- | -- | -- | -- |
| Book Value | -- | -- | -- | -- | -- |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | Dec-23 | Dec-22 | Dec-21 |
| EBIT-Margin
| 19.66 | 6.14 | 1.73 | 25.99 | 31.26 |
| Net Margin
| -- | -- | -- | -- | -- |
| Return on equity
| 25.06 | 8.99 | -3.61 | 34.05 | 44.72 |
| Return on Capital
| 12.47 | 4.29 | -2.06 | 18.61 | 20.86 |
| Return on Assets
| 11.39 | 3.95 | -1.91 | 17.31 | 18.77 |
| Debt to Equity (x)
| -- | -- | 0.72 | 0.78 | 0.87 |
Profitability
ROCE
-2.06
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
-2.06
|
18.61
|
20.86
|
-8.02
|
-7.94
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROE
-3.61
--
Profit after tax / Average Net worth * 100
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
-3.61
|
34.05
|
44.72
|
-17.40
|
-12.80
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
ROA
-1.91
--
Profit after tax / Average Total assets * 100
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
-1.91
|
17.31
|
18.77
|
-7.15
|
-7.26
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Margin
1.73
--
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
1.73
|
25.99
|
31.26
|
-6.68
|
-21.61
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Margin
-2.49
--
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
-2.49
|
22.45
|
26.09
|
-14.72
|
-10.68
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
-0.16
--
Year on year growth in net sales
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
-0.16
|
0.01
|
0.63
|
-0.16
|
0.04
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
EBIT Growth
-94.39
--
Year on year growth in operating profit (EBIT)
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
-94.39
|
-16.03
|
864.42
|
73.94
|
-271.40
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Net Profit Growth
-109.31
--
Year on year growth in profit after tax
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
-109.31
|
-13.08
|
389.36
|
-16.22
|
-71.33
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.72
--
Total debt / Net worth
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
0.72
|
0.78
|
0.87
|
1.55
|
0.86
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Short term debt to equity ratio
0.21
--
(Short term borrowings / Net worth)
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
0.21
|
0.19
|
0.17
|
0.38
|
0.17
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
1.13
--
Current Assets / Current Liabilities and Provisions
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
1.13
|
1.16
|
1.61
|
0.70
|
1.05
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Quick Ratio
1.01
--
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
1.01
|
0.99
|
1.47
|
0.63
|
0.91
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Interest Coverage
0.41
--
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
0.41
|
6.98
|
11.59
|
-1.10
|
-6.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Operating Efficiency
Debtors to sales
5.52
--
Debtors outstanding / Net Sales * 100
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
5.52
|
7.25
|
7.07
|
8.81
|
11.74
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Asset Turnover
0.77
--
Sales / Average Total Assets
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
0.77
|
0.77
|
0.72
|
0.49
|
0.68
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Receivable days
25.83
--
Average Debtors / Sales * 365
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
25.83
|
26.02
|
22.77
|
41.51
|
58.52
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
13.58
--
Average Inventory / Sales * 365
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
13.58
|
18.15
|
14.80
|
14.48
|
13.57
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
31.44
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
31.44
|
39.47
|
40.09
|
38.50
|
29.81
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
7.96
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
7.96
|
4.70
|
-2.51
|
17.48
|
42.28
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
EV/EBITDA
1.78
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
Dec-23
|
Dec-22
|
Dec-21
|
Dec-20
|
Dec-19
|
|---|---|---|---|---|---|
|
Grindrod Shipping Holdings - ADR
|
1.78
|
0.92
|
0.84
|
9.89
|
-8.38
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|