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STOCK COMPARISON

Grindrod vs United Parcel Service: Fair Value & Quality

Both stocks run through our valuation models. Here is how Grindrod (GND) and United Parcel Service (UPS) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees United Parcel Service as the more attractively valued of the two: Grindrod trades at ZAR 29.12 versus a fair value of ZAR 24.67 (-15%), while United Parcel Service trades at $92.05 versus $108 (+17%).
Grindrod
GND.JSE · ZAC · Industrials
-15%
upside to fair value
overvalued
PriceZAR 29.12
Fair ValueZAR 24.67
Quality78/100
United Parcel Service
UPS · USD · Industrials
+17%
upside to fair value
undervalued
Price$92.05
Fair Value$108
Quality62/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

GrindrodUnited Parcel Service
Valuation
9.1×P/E (TTM)19.0×
16.2×P/E ex one-offs (FY2025)12.9×
3.50×P/S (TTM)1.13×
2.02×P/B6.14×
13.7×EV/EBITDA9.9×
99.98×PEG1.85×
−15.3%Fair value upside+17.2%
1.7%Dividend yield7.1%
ZAR 0.48Dividend per share$6.56
Profitability
23%Operating margin6%
n/aEBIT margin trend (5Y)0.83×
22%Return on equity33%
4%Return on assets7%
Growth
27%Revenue growth (YoY)-2%
-1.9%Avg. growth/yr (3Y)-3.9%
8.2%Avg. growth/yr (5Y)1.0%
+56.4%Value creation/yr+12.9%
Balance & size
3.4×Interest coverage (EBIT/interest)7.8×
0.12×Debt / equity1.45×
$1BMarket cap$100B
healthyGrowth qualityweak
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.

United Parcel Service leads: 7 to 8 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Grindrodof which business quality 75 · market factors 89 United Parcel Serviceof which business quality 59 · market factors 48
ProfitabilityMargins and returns on capital today
59
64
Quality GrowthAre margins and returns improving?
82
31
CashflowEarnings quality: real cash, not paper profit
75
45
Fin. StrengthBalance sheet, leverage, solvency risk
76
47
InvestmentDisciplined investing over empire-building
82
95
Low VolatilityCalm price path (market factor)
83
63
MomentumPrice trend over the last 3–12 months (market factor)
88
42
52W MomentumDistance to the 52-week high (market factor)
97
42
Net IssuanceShare count: buybacks or dilution?
82
89

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyGrindrodPrice ZAR 29.12United Parcel ServicePrice $92.05
DCF Models+2%close to the priceZAR 29.77+19%above the price$109
Earnings-Based-34%below the priceZAR 19.22-24%below the price$69.77
Dividend Discount-92%below the priceZAR 2.27n/a
Multiples+7%close to the priceZAR 31.22+53%above the price$141
Asset-Based-67%below the priceZAR 9.69-84%below the price$14.56
Growth DCF-11%close to the priceZAR 26.06+9%close to the price$101
Economic Profit-35%below the priceZAR 18.94-16%below the price$77.20
Growth Earnings+75%above the priceZAR 50.93+38%above the price$127
Minimum-92%below the priceZAR 2.27-84%below the price$14.56
Maximum+75%above the priceZAR 50.93+53%above the price$141
Median-22%below the priceZAR 22.64+9%close to the price$101
Geometric mean-39%below the priceZAR 17.75-17%below the price$76.56

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Grindrod: 14 of 24 models see the stock below the current price.

United Parcel Service: 7 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Grindrod
Price ZAR 29.12
Fair Value ZAR 24.67
Bear ZAR 20.51Bull ZAR 29.79
United Parcel Service
Price $92.05
Fair Value $108
Bear $62.73Bull $165

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Grindrod · Industrials

Quality score78 · Top 25%
Fair value upside-15% · below median

United Parcel Service · Industrials

Quality score62 · Top 25%
Fair value upside+17% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees United Parcel Service as the more attractively valued of the two: Grindrod trades at ZAR 29.12 versus a fair value of ZAR 24.67 (-15%), while United Parcel Service trades at $92.05 versus $108 (+17%).

Grindrod has the higher quality score (78/100).

Open United Parcel Service live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.