GitLab is not expected to post a profit in 2023, 2024 or 2025. The company’s enterprise value to sales multiple for 2023 is 15.7. For 2024, that multiple is 11.2, on estimated sales of $587.63 million, and for 2025 the multiple is 8.3, on sales of $798.77 million. The stock’s 52-week range is $30.74 to $70.96. The company does not pay a dividend. Total shareholder return for the past year is 26.66%.
Zim Integrated Shipping
On one hand, shares of Zim Integrated Shipping Inc. (NYSE: ZIM) have fallen by nearly 70% over the past 12 months. On the other, the Israel-based container shipping firm had a dividend yield of 90.5% for the period and its forward yield is a whopping 127.8%. The stock has dropped by almost $70 a share and Zim has paid out $27.65 in dividends for the past four quarters. The company reports quarterly results first thing Monday morning.
The stock’s total shareholder yield (dividends plus buybacks plus debt paydown) was more than 170% for the period. Shares of Zim fell more than twice the amount of the dividend, unless you were one of the lucky ones who bought in when the stock traded at its 52-week low. In that case, add $5.32 to the yield and your cash return would rise to almost $33.00. Zim’s dividend policy comprises a distribution of approximately 30% of net quarterly income in the first three quarters of the year. The annual dividend is expected to total 30% to 50% of annual net income.
Of seven brokerages covering the stock, one has a Strong Buy rating, while three rate it at Hold and the others have Sell or Strong Sell ratings. At a share price of around $22.00, the stock trades above its median price target of $19.00. At the high target of $30.40, the upside potential is 34.5%.
For the fourth quarter of the company’s fiscal 2022, the consensus revenue estimate is $2.09 billion, down 35.3% sequentially and 39.8% lower year over year. Adjusted EPS are forecast at $3.05, down 68.4% sequentially, and down 78.4% year over year. For the 2022 fiscal year, current estimates call for EPS of $37.65, down 3.56%, on sales of $12.42 billion, up by 15.8%.
Zim stock trades at 0.6 times expected 2022 EPS and 92.9 times estimated 2023 earnings of $0.23. The stock’s 52-week range is $22.34 to $91.23. The company pays an estimated annual dividend of $27.55 (yield of 127.84%). Total shareholder return for the past year was negative 50.95%.
Originally published at 24/7 Wall St.
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