GND.JSE Grindrod
- Market cap
- ZAC 19.3B
- P/E
- 1,611.1x
- P/B
- 199.98x
- ROE
- 26.0%
- Dividend yield
- 1.68%
- Fundamental score
- 2.9/5
Ratios use the latest price and the current fiscal year annualized from 1 quarter up to Jun 2026.
Is GND.JSE undervalued?
Graham numberThe Graham number of Grindrod cannot be estimated reliably (the estimate is too far from the market price).
Graham number = √(22.5 × EPS × book value per share): the most a defensive investor should pay according to Benjamin Graham. An estimate, not a recommendation to buy or sell. How is it calculated?
Grindrod fundamental analysis
13 of 22 checks passedROE 2/2
High return on equity (26.0%), above 20%.
ROA 1/1
Return on assets (15.7%) is above the industry median (1.7%).
Profit Consistency 2/2
Profitable for 5 consecutive years.
Earnings Growth 5Y 1/1
Earnings per share grew over the past 5 years.
Earnings Acceleration 0/1
Not enough positive earnings history to compare last year's growth with the 5-year average.
Earnings Growth vs Industry 1/1
Last year's EPS growth (448.4%) is above the industry median (-4.1%).
Revenue Growth 0/2
Revenue shrank 1.9% a year over the past 3 years.
Short-term Liquidity 1/1
Current assets cover short-term liabilities.
Long-term Liabilities 1/1
Current assets cover long-term liabilities.
Debt to Equity 2/2
Low debt to equity (32.0%), 40% or less.
Debt Trend 1/1
Debt to equity has not risen over the past 5 years.
Debt Coverage 1/1
Operating cash flow covers 20% of total debt.
Interest Coverage 0/1
EBIT is 4.2x against interest expense, below 5x.
PE vs Market 0/1
PE (16.1x) is above the market median (9.1x).
PE vs Industry 1/1
PE (16.1x) is below the industry median (17.0x).
PBV 0/1
Price to book (2.0x) is above the industry median (1.1x).
Graham Number 0/1
The price is above the Graham number (PE x PB = 32.2, limit 22.5).
PEG 0/1
PEG needs positive PE and positive 5-year earnings growth.
Dividend Yield 0/2
Dividend yield (0.5%) is in the bottom 25% of dividend payers in the market.
Dividend Stability 0/2
Dividends were not paid steadily for the past 5 years.
Dividend Growth 1/1
Dividends paid grew over the past 5 years.
Payout Ratio 1/1
Payout ratio is 8.0%, covered by earnings.
Each check is worth 1 or 2 points by how much it says about the quality of the company. The score is the share of points earned, out of 5. Ask AI to explain this score
Grindrod stock price
Prices on the chart can differ slightly from the closing prices StockSummer uses for its ratios.
About Grindrod
Grindrod Limited, together with its subsidiaries, engages in the logistics services business in the Middle East, Singapore, Asia, the Far East, Australia, South Africa, and Rest of Africa. The company operates through Ports and Terminals; Logistics; Group; Private Equity and Property; and Marine Fuels segments. It engages in the provision of logistics solution for mining, agricultural, new energy commodities and project cargo; import and export solutions; and financing, cons…
Full company profileGrindrod financial statements
2026 annualized: Fiscal year 2026 is not finished. Income statement and cash flow are annualized from 1 quarter up to Jun 30, 2026, the balance sheet is the latest quarter. Figures change when the annual report is published.
Grindrod annual financial statements
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 Anlz |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 9.03B | 3.06B | 3.42B | 3.83B | 3.75B | 3.42B | 5.88B | 4.85B | 4.98B | 5.56B | 11.3B |
| Gross Profit | 2.42B | 1.96B | 3.23B | 834M | 1.01B | 1.59B | 2.68B | 1.56B | 56.3M | 2.02B | 3.92B |
| Operating Income | -115M | 426M | 452M | 527M | -193M | 346M | 468M | 1.43B | 555M | 1.02B | 2.54B |
| EBITDA | 616M | 1.19B | 847M | 358M | 256M | 845M | 1.31B | 1.15B | 958M | 1.45B | 3.54B |
| Net Income | -1.84B | -515M | 2.91B | 365M | -364M | 221M | 657M | 1.06B | 390M | 2.14B | 2.53B |
| EPS | -2.44 | -0.68 | 3.85 | 0.54 | -0.54 | 0.33 | 0.98 | 1.59 | 0.58 | 3.20 | 3.78 |
| Balance Sheet | |||||||||||
| Total Assets | 36.2B | 34.9B | 25.7B | 27.9B | 23.6B | 25.2B | 13.8B | 14.6B | 14.8B | 16.1B | 16.1B |
| Total Liabilities | 20.4B | 20.8B | 16.0B | 19.2B | 15.6B | 16.6B | 5.01B | 4.69B | 4.89B | 6.43B | 6.39B |
| Shareholders' Equity | 15.8B | 14.2B | 9.62B | 8.81B | 8.11B | 8.62B | 8.88B | 9.93B | 9.92B | 9.65B | 9.70B |
| Cash & Short-term Investments | 11.3B | 10.7B | 6.66B | 7.69B | 4.13B | 5.68B | 2.61B | 2.52B | 2.52B | 3.92B | 3.64B |
| Total Debt | 3.33B | 2.10B | 3.59B | 4.53B | 4.50B | 3.86B | 2.52B | 2.62B | 2.79B | 3.22B | 3.10B |
| Cash Flow | |||||||||||
| Operating Cash Flow | 2.20B | 425M | -6.08B | 337M | -1.77B | 1.04B | 1.20B | 877M | 195M | 1.65B | 1.54B |
| Capital Expenditure | 259M | 150M | 351M | 139M | 146M | 413M | 564M | 702M | 421M | 257M | 599M |
| Free Cash Flow | 1.94B | 275M | -6.43B | 198M | -1.92B | 630M | 633M | 175M | -226M | 1.39B | 941M |
| Ratios | |||||||||||
| ROE | -11.7% | -3.6% | 30.3% | 4.1% | -4.5% | 2.6% | 7.4% | 10.7% | 3.9% | 22.2% | 26.0% |
| ROA | -5.1% | -1.5% | 11.3% | 1.3% | -1.5% | 0.9% | 4.8% | 7.3% | 2.6% | 13.3% | 15.7% |
| Net Profit Margin | -20.4% | -16.8% | 85.0% | 9.5% | -9.7% | 6.5% | 11.2% | 21.9% | 7.8% | 38.5% | 22.3% |
| Debt to Equity | 0.21x | 0.15x | 0.37x | 0.51x | 0.55x | 0.45x | 0.28x | 0.26x | 0.28x | 0.33x | 0.32x |
What these items mean
- Revenue
- Total sales of goods and services in the period.
- Gross Profit
- Revenue minus the direct cost of producing what was sold.
- Operating Income
- Profit from the core business after operating expenses.
- EBITDA
- Earnings before interest, taxes, depreciation and amortization.
- Net Income
- Profit left for shareholders after all expenses, interest and taxes.
- EPS
- Net income divided by shares outstanding.
- Total Assets
- Everything the company owns.
- Total Liabilities
- Everything the company owes.
- Shareholders' Equity
- Assets minus liabilities: the book value that belongs to shareholders.
- Cash & Short-term Investments
- Cash and investments that can be turned into cash quickly.
- Total Debt
- Short and long-term borrowings.
- Operating Cash Flow
- Cash generated by the core business.
- Capital Expenditure
- Cash spent on property, plant and equipment.
- Free Cash Flow
- Operating cash flow minus capital expenditure: cash left for dividends, buybacks or debt repayment.
- ROE
- Return on equity: net income divided by shareholders' equity.
- ROA
- Return on assets: net income divided by total assets.
- Net Profit Margin
- Net income as a share of revenue.
- Debt to Equity
- Total debt divided by shareholders' equity.
Grindrod dividends
- Dividend yield
- 1.68%
- Forward dividend
- 0.50 ZAC
- Payout ratio
- 8.0%
- Ex-dividend date
- Sep 9, 2026
| Fiscal year | Dividends paid | Per share | Payout ratio |
|---|---|---|---|
| 2025 | ZAR 171M | 0.26 | 8.0% |
| 2024 | ZAR 484M | 0.72 | 124.1% |
| 2023 | ZAR 446M | 0.67 | 42.0% |
| 2022 | ZAR 673M | 1.01 | 102.4% |
| 2021 | ZAR 46.6M | 0.07 | 21.0% |
| 2020 | ZAR 159M | 0.24 | - |
| 2019 | ZAR 206M | 0.30 | 56.3% |
| 2018 | ZAR 71.1M | 0.09 | 2.4% |
| 2017 | ZAR 76.8M | 0.10 | - |
From the cash flow statement: dividends paid in the fiscal year, divided by that year's shares outstanding. Payout ratio = dividends paid / net income.
Last stock split: 1351:1350 on Oct 17, 2011.
Who owns Grindrod
- Insiders 16.81%
- Institutions 74.44%
- Public & others 8.75%
- Shares outstanding 668M
- Free float 561M
Grindrod company profile
- Company name
- Grindrod
- Ticker
- GND.JSE
- ISIN
- ZAE000072328
- Exchange
- Johannesburg Exchange
- Sector
- Industrials
- Industry
- Air Freight & Logistics
- Employees
- 4,000
- Fiscal year end
- December
- Address
- Grindrod House, Durban, South Africa, 4001
- Phone
- 27 31 304 1451
- Website
- grindrod.com
About Grindrod
Grindrod Limited, together with its subsidiaries, engages in the logistics services business in the Middle East, Singapore, Asia, the Far East, Australia, South Africa, and Rest of Africa. The company operates through Ports and Terminals; Logistics; Group; Private Equity and Property; and Marine Fuels segments. It engages in the provision of logistics solution for mining, agricultural, new energy commodities and project cargo; import and export solutions; and financing, constructing, rehabilitating, operating, and maintaining the ports. The company also provides dry bulk services, such as storage, cargo flow management, ship loading or discharging, stevedoring, clearing and forwarding, stock management, and rail scheduling; and car terminal services, including terminal handling, stevedoring, tallying, inspection and vehicle surveys, preservation, storage and managing of project cargo, and other value-added services. In addition, it offers cross dock and bonded warehousing solutions comprising containerization of bulk commodities, empty and full container depots, sales of gensets to the reefer market, container packing and unpacking, cargo handling, storage and distribution, and customs services; container depot services storage and handling of empty marine containers, mechanical and structural container repairs, cold treatment preparation for reefer containers, warranty repairs on reefer equipment, washing and cleaning of containers, empty container transport, gassing of containers, CA preparations - STERI preparations, port monitoring / on-board monitoring, reefer services, parts sales, and bonded and duty paid warehousing; ships agency and marine technical services; clearing and forwarding; and border and project logistics. Further, the company provides rail freight broking and consultancy and rolling stock advice and maintenance; road haulage services; seafreight; and air freight solutions. The company was founded in 1910 and is based in Durban, South Africa.
Grindrod management
5- Mr. Kwazi MabasoChief Executive Officer & Executive Director · born 1982
- Ms. Fathima Ally C.A.CFO & Executive Director · born 1981
- Alison BriggsPublic Relations & Marketing Manager
- Ms. Vicky CommailleGroup Company Secretary
- Reshmee SoniInvestor Relations