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Grindrod Limited (GNDP) Fair Value & Analysis

Industrials · ZA · Market cap 57.7M ZAC

GL Grindrod Limited GNDP · JSE
PriceR103.50
Fair ValueR21.94
Upside-78.8%
Quality95/100
Evidence: High Range R16.20 – R27.68

Fair value as of: Jun 26, 2026

From 24 valuation models · updated 4 days ago

Share price +6.8% over the past month.

Price vs Fair Value (12 months)

R104.01 R88.92 Fair Value R21.94 Jun 2025 Jun 2026

12‑month range R88.92 – R104.01 · fair‑value band R16.20 – R27.68 · the R103.50 price screens above the R21.94 fair value. As of Jun 26, 2026.

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Analysis

Grindrod Limited (GNDP) currently trades at R103.50, while our model-based Fair Value estimate is R21.94 — implying the stock looks roughly 78.8% overvalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Grindrod Limited generated revenue of 5.6B ZAR at a net margin of 38.5%. Revenue grew 27.3% year over year. It earns a return on equity of 21.8%. Net debt stands at 763M ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 5.6B ZAC
Revenue growth (YoY) +27.3%
Net margin 38.5%
Return on equity 21.8%
Free cash flow 1.2B ZAC FY2025
P/E ratio 4.0
More key figures
Operating margin 22.6%
EPS (TTM) R0.2620
EPS growth (YoY) +202%
Net debt 763M ZAC FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Grindrod Limited, together with its subsidiaries, engages in the logistics services business in North America, the Middle East, the United Kingdom, Isle of Man, rest of Europe, 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 bulk terminal activities include receiving, stockpiling, and loading of cargo onto vessels for onward transportation; container handling, transport, warehousing, loading, and offloading; selling and leasing containers; and logistics solutions for the transportation of cargo through road, rail, and sea. The company provides clearing and forwarding of imports and exports, transportation of goods, and ship husbandry services; and various ancillary services, including training, stevedoring, and rentals. In addition, it involves managing and handling port activities; freight services, such as handlin…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grindrod Limited reported revenue of R5.5B in FY2025 versus R3.9B in FY2021, a compound +8.8%/yr. Reported net income was R2.1B in FY2025, compounding +76.3%/yr from FY2021.

Revenue +8.8%/yr
FY21 R3.9B
FY22 R5.9B
FY23 R4.8B
FY24 R4.8B
FY25 R5.5B
Net income +76.3%/yr
FY21 R221M
FY22 R657M
FY23 R1.1B
FY24 R390M
FY25 R2.1B

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Frequently asked questions

Is Grindrod Limited (GNDP) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R21.94 versus a price of R103.50 — about −79% (overvalued). Model-based estimate, not financial advice.
What is the fair value of GNDP?
Our 21-model fair value for Grindrod Limited is R21.94 (as of Jun 26, 2026), built from audited fundamentals. The current price is R103.50.
What is the quality score of GNDP?
Grindrod Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Grindrod Limited (GNDP)?
Grindrod Limited reported trailing-twelve-month revenue of about 5.6B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of GNDP?
The net profit margin of Grindrod Limited is about 38.5%, meaning it keeps roughly 38.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.