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Commentary (28 Jun 2024 @ 16:00):
Our systems believe the stock currently is undervalued by 0.05% compare to its pairs and should correct upwards.

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide...

Stats
Today's Volume	18 565
Average Volume	22 940
Market Cap	271.66M
EPS	$-0.120 ( Q4 \| 2024-03-27 )
Next earnings date	( $-0.210 ) 2024-09-03
Last Dividend	$1.648 ( 2023-10-19 )
Next Dividend	$0 ( N/A )
P/E	-28.16 (Sector) 29.37 (Industry) 11.49
ATR14	$0.0160 (0.12%)

CACO -24.56%

CISS -2.11%

CPLP 1.01%

CTRM -2.75%

EDRY -0.12%

EGLE 0.03%

ESEA -0.71%

GASS -0.54%

GLBS -1.05%

GOGL -0.65%

GRIN -0.36%

OP -1.59%

PANL 1.16%

PSHG 5.88%

PXS 1.60%

PXSAP -0.08%

PXSAW 15.38%

SBLK -0.20%

SHIP -2.76%

SHIPW 10.00%

SHIPZ 0.00%

TOPS -0.09%

Correlation (AI algo v.1.1b): Undervalued: 0.05% $13.81 paired level. (The Algo Track The Changes Of The Most Correlated Stocks In Realtime And Give An Instant Update)

Grindrod Shipping Correlation

10 Most Positive Correlations
CENX	0.958
IVCB	0.953
LABP	0.951
MESO	0.95
NN	0.947
PAYS	0.945
GDST	0.943
CURI	0.939
KALU	0.938
GALT	0.937

10 Most Negative Correlations
EZGO	-0.94
SRNE	-0.937
AZ	-0.937
POAI	-0.937
LUNA	-0.936
HAIN	-0.934
MBIO	-0.934
RCMT	-0.934
LULU	-0.933
MTEM	-0.931

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Grindrod Shipping Financials

Annual	2023
Revenue:	$387.10M
Gross Profit:	$36.88M (9.53 %)
EPS:	$-0.490

FY	2023
Revenue:	$387.10M
Gross Profit:	$36.88M (9.53 %)
EPS:	$-0.490

FY	2022
Revenue:	$460.46M
Gross Profit:	$166.76M (36.22 %)
EPS:	$5.45

FY	2021
Revenue:	$455.84M
Gross Profit:	$176.90M (38.81 %)
EPS:	$6.21

Financial Reports:

No articles found.

Grindrod Shipping Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
$0.840 (N/A)	$5.00 (N/A)	$0.0300 (N/A)	$0.0300 (N/A)	$0 (N/A)	$1.648 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)	$0 (N/A)

Grindrod Shipping Dividend Information - Dividend King

Dividend Sustainability Score: 6.05 - average (68.71%) | Divividend Growth Potential Score: 1.528 - No dividend expected

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	$0.720	2021-12-02
Last Dividend	$1.648	2023-10-19
Next Dividend	$0	N/A
Payout Date	2023-12-11
Next Payout Date	N/A
# dividends	8	--
Total Paid Out	$9.46	--
Avg. Dividend % Per Year	12.14%	--
Score	6.72	--
Div. Sustainability Score	6.05
Div.Growth Potential Score	1.528
Div. Directional Score	3.79	--

Next Divdend (Est)
(2024-07-15)

$2.02 Estimate 20.00 %

Dividend Stability

0.53 Average

Dividend Score

6.72

Pay Frequency

Quarterly

Yearly Payout

Year	Amount	Yield
2021	$0.720	15.10%
2022	$7.03	38.80%
2023	$1.708	9.55%
2024	$0	0.00%

Dividend Commentary

With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Dividend History

Ex Date	Amount	Declaration Date	Record Date	Payment Date
19 Oct 2023	$1.648	29 Sep 2023	20 Oct 2023	11 Dec 2023
08 Jun 2023	$0.0300	17 May 2023	09 Jun 2023	19 Jun 2023
09 Mar 2023	$0.0300	15 Feb 2023	10 Mar 2023	17 Mar 2023
30 Nov 2022	$5.00	29 Aug 2022	25 Nov 2022	05 Dec 2022
08 Sep 2022	$0.840	17 Aug 2022	09 Sep 2022	19 Sep 2022
09 Jun 2022	$0.470	24 May 2022	10 Jun 2022	20 Jun 2022
10 Mar 2022	$0.720	16 Feb 2022	11 Mar 2022	22 Mar 2022
02 Dec 2021	$0.720	17 Nov 2021	03 Dec 2021	13 Dec 2021

Top 10 dividend Companies for NASDAQ

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend	Score
OXLC	Dividend Diamond	2024-09-16	Monthly	14	15.03%	9.60
DMLP	Dividend Diamond	2024-04-26	Quarterly	22	10.71%	9.35
OXSQ	Dividend Diamond	2024-09-16	Monthly	21	12.73%	9.02
ARLP	Dividend Royal	2024-05-07	Quarterly	26	9.67%	8.87
PNNT	Dividend Royal	2024-06-14	Monthly	18	9.49%	8.82
MFIC	Dividend Royal	2024-06-11	Quarterly	21	10.89%	8.79
SPOK	Dividend Royal	2024-05-23	Quarterly	20	8.73%	8.72
PSEC	Dividend Royal	2024-06-25	Monthly	21	9.03%	8.65
SBLK	Dividend Royal	2024-06-06	Quarterly	17	13.10%	8.63
GBDC	Dividend Royal	2024-11-29	Bi-Monthly	15	8.53%	8.62

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	-0.0249	1.500	-0.497	-0.746	[0 - 0.5]
returnOnAssetsTTM	-0.0209	1.200	-0.696	-0.835	[0 - 0.3]
returnOnEquityTTM	-0.0351	1.500	-1.501	-2.25	[0.1 - 1]
payoutRatioTTM	-0.121	-1.000	-1.215	1.215	[0 - 1]
currentRatioTTM	1.132	0.800	9.34	7.47	[1 - 3]
quickRatioTTM	0.852	0.800	9.69	7.75	[0.8 - 2.5]
cashRatioTTM	0.685	1.500	7.31	10.00	[0.2 - 2]
debtRatioTTM	0.379	-1.500	3.68	-5.53	[0 - 0.6]
interestCoverageTTM	0.416	1.000	-0.957	-0.957	[3 - 30]
operatingCashFlowPerShareTTM	7.89	2.00	7.37	10.00	[0 - 30]
freeCashFlowPerShareTTM	7.85	2.00	6.08	10.00	[0 - 20]
debtEquityRatioTTM	0.710	-1.500	7.16	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.0992	1.000	-1.680	-1.680	[0.2 - 0.8]
operatingProfitMarginTTM	0.0175	1.000	-1.651	-1.651	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.889	1.000	6.17	6.17	[0.2 - 2]
assetTurnoverTTM	0.840	0.800	7.73	6.19	[0.5 - 2]
Total Score				6.05

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	-28.23	1.000	-2.95	0	[1 - 100]
returnOnEquityTTM	-0.0351	2.50	-0.965	-2.25	[0.1 - 1.5]
freeCashFlowPerShareTTM	7.85	2.00	7.38	10.00	[0 - 30]
dividendYielPercentageTTM	11.94	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	7.89	2.00	7.37	10.00	[0 - 30]
payoutRatioTTM	-0.121	1.500	-1.215	1.215	[0 - 1]
pegRatioTTM	-3.46	1.500	-10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.401	1.000	2.47	0	[0.1 - 0.5]
Total Score				1.528

Grindrod Shipping Options Data

Calls

Contract Name	Last Trade Date (EDT)	Strike	Last Price	Bid	Ask	Change	% Change	Volume	Open Interest	Implied Volatility	Strike Date
No data available

Puts

Contract Name	Last Trade Date (EDT)	Strike	Last Price	Bid	Ask	Change	% Change	Volume	Open Interest	Implied Volatility	Strike Date
No data available

Grindrod Shipping

Grindrod Shipping Holdings Ltd., an international shipping company, owns, charters-in, and operates a fleet of dry bulk carriers and tankers worldwide. It operates a fleet of 32 vessels consisting of 24 owned dry bulk carriers and 7 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 one owned tanker, which carry petroleum products, such as 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 shipping companies, trading houses, mining companies, industrial manufacturing companies, and oil companies, as well as traders of grains, steel, and forestry products. The company was founded in 1910 and is based in Singapore.