May 27, 2024

Blue cargo ship underway

InfinitumProdux

The marketplace outlook for dry bulk firms is neither horrible nor superb. At the one hand, because of the continued international recession, the call for for dry bulk commodities is negatively affected. Then again, because of the hot measures of

Figure 1 - Iron ore price

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Figure 2 - The Baltic Dry Index

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Figure 3 - GRIN's margin ratios

Creator (in line with SA knowledge)

Figure 4 - GRIN's return ratios

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Table 1 - GRIN financial data vs. peers

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Table 2 - GRIN's valuation

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https://seekingalpha.com/article/4567106-grindrod-shipping-is-cheap-compared-to-other-dry-bulk-stocks