Current Price: $37.85
Target Price: $30.00
Upside: 20%
Expiration Date: end of July 2021
A bet on elevated container shipping rates being sustained due to an insufficient amount of ships following years of underinvestment. ZIM is the cheapest (<1xEBITDA) among peers and is projected to end 2022 with more cash than the current market cap. Asset light business model, whereby most of ZIM 118 vessels are chartered through 1-5 year leases. Strong operating leverage.
Current Price: $37.85
Target Price: $30.00
Upside: 20%
Expiration Date: end of July 2021