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Grindrod Ltd ADR
Buy, Hold or Sell?

Let's analyse Grindrod together

PenkeI guess you are interested in Grindrod Ltd ADR. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Grindrod Ltd ADR. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Grindrod (30 sec.)










What can you expect buying and holding a share of Grindrod? (30 sec.)

How much money do you get?

How much money do you get?
$0.08
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
$8.07
Expected worth in 1 year
$9.37
How sure are you?
40.0%

+ What do you gain per year?

Total Gains per Share
$1.38
Return On Investment
7.6%

For what price can you sell your share?

Current Price per Share
$18.00
Expected price per share
$18.00 - $18.00
How sure are you?
50%

1. Valuation of Grindrod (5 min.)




Live pricePrice per Share (EOD)

$18.00

Intrinsic Value Per Share

$0.67 - $2.19

Total Value Per Share

$8.75 - $10.26

2. Growth of Grindrod (5 min.)




Is Grindrod growing?

Current yearPrevious yearGrowGrow %
How rich?$540.1m$518.4m$21.7m4.0%

How much money is Grindrod making?

Current yearPrevious yearGrowGrow %
Making money$3.1m$2.1m$941.6k30.2%
Net Profit Margin21.9%11.2%--

How much money comes from the company's main activities?

3. Financial Health of Grindrod (5 min.)




4. Comparing to competitors in the Integrated Freight & Logistics industry (5 min.)




  Industry Rankings (Integrated Freight & Logistics)  


Richest
#55 / 153

Most Revenue
#136 / 153

Most Profit
#93 / 153

What can you expect buying and holding a share of Grindrod? (5 min.)

Welcome investor! Grindrod's management wants to use your money to grow the business. In return you get a share of Grindrod.

What can you expect buying and holding a share of Grindrod?

First you should know what it really means to hold a share of Grindrod. And how you can make/lose money.

Speculation

The Price per Share of Grindrod is $18.00. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Grindrod.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Grindrod, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $8.07. Based on the TTM, the Book Value Change Per Share is $0.32 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.26 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.02 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Grindrod.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.050.3%0.050.3%0.492.7%-0.03-0.2%-0.19-1.0%
Usd Book Value Change Per Share0.321.8%0.321.8%-0.26-1.5%-1.23-6.8%-17.32-96.2%
Usd Dividend Per Share0.020.1%0.020.1%0.030.2%0.010.1%0.070.4%
Usd Total Gains Per Share0.341.9%0.341.9%-0.23-1.3%-1.22-6.8%-17.26-95.9%
Usd Price Per Share18.00-18.00-18.00-14.40-18.51-
Price to Earnings Ratio386.32-386.32-36.97-89.47--10.87-
Price-to-Total Gains Ratio52.34-52.34--78.34-436.22-217.92-
Price to Book Ratio2.23-2.23-2.32-1.78-1.14-
Price-to-Total Gains Ratio52.34-52.34--78.34-436.22-217.92-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share18
Number of shares55
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.32-1.23
Usd Total Gains Per Share0.34-1.22
Gains per Quarter (55 shares)18.92-66.88
Gains per Year (55 shares)75.66-267.51
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1471663-271-278
291431427-542-546
31321421810-812-814
41728529413-1083-1082
52235737016-1354-1350
62642844620-1625-1618
73049952223-1896-1886
83457159826-2166-2154
93964267430-2437-2422
104371475033-2708-2690

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%3.02.00.060.0%5.05.00.050.0%6.05.00.054.5%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%2.03.00.040.0%4.06.00.040.0%5.06.00.045.5%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%11.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%2.03.00.040.0%4.06.00.040.0%5.06.00.045.5%

Fundamentals of Grindrod

About Grindrod Ltd ADR

Grindrod Limited, together with its subsidiaries, engages in the logistics services business in North America, South 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 handling and storage of containers, clearing and forwarding to road, rail, and seaborne freight; ships agency; and marine fuels, lubricants, bunkers, and agricultural commodities. Further, the company invests in private and property equity portfolios; and engages in the private equity investment business. Grindrod Limited was founded in 1910 and is based in Durban, South Africa.

Fundamental data was last updated by Penke on 2024-05-16 19:30:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Grindrod Ltd ADR.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Grindrod earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Grindrod to the Integrated Freight & Logistics industry mean.
  • A Net Profit Margin of 21.9% means that $0.22 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Grindrod Ltd ADR:

  • The MRQ is 21.9%. The company is making a huge profit. +2
  • The TTM is 21.9%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ21.9%TTM21.9%0.0%
TTM21.9%YOY11.2%+10.7%
TTM21.9%5Y3.1%+18.8%
5Y3.1%10Y5.8%-2.6%
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ21.9%2.8%+19.1%
TTM21.9%3.2%+18.7%
YOY11.2%3.2%+8.0%
5Y3.1%2.7%+0.4%
10Y5.8%2.8%+3.0%
1.1.2. Return on Assets

Shows how efficient Grindrod is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Grindrod to the Integrated Freight & Logistics industry mean.
  • 0.4% Return on Assets means that Grindrod generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Grindrod Ltd ADR:

  • The MRQ is 0.4%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.4%TTM0.4%0.0%
TTM0.4%YOY0.3%+0.1%
TTM0.4%5Y0.1%+0.3%
5Y0.1%10Y0.1%+0.0%
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4%1.0%-0.6%
TTM0.4%1.1%-0.7%
YOY0.3%1.6%-1.3%
5Y0.1%1.1%-1.0%
10Y0.1%1.2%-1.1%
1.1.3. Return on Equity

Shows how efficient Grindrod is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Grindrod to the Integrated Freight & Logistics industry mean.
  • 0.6% Return on Equity means Grindrod generated $0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Grindrod Ltd ADR:

  • The MRQ is 0.6%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.6%0.0%
TTM0.6%YOY0.4%+0.2%
TTM0.6%5Y0.1%+0.5%
5Y0.1%10Y0.1%0.0%
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%2.3%-1.7%
TTM0.6%2.7%-2.1%
YOY0.4%3.9%-3.5%
5Y0.1%2.7%-2.6%
10Y0.1%3.2%-3.1%

1.2. Operating Efficiency of Grindrod Ltd ADR.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Grindrod is operating .

  • Measures how much profit Grindrod makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Grindrod to the Integrated Freight & Logistics industry mean.
  • An Operating Margin of 17.6% means the company generated $0.18  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Grindrod Ltd ADR:

  • The MRQ is 17.6%. The company is operating efficient. +1
  • The TTM is 17.6%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ17.6%TTM17.6%0.0%
TTM17.6%YOY7.0%+10.6%
TTM17.6%5Y6.4%+11.2%
5Y6.4%10Y5.4%+1.0%
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ17.6%4.8%+12.8%
TTM17.6%2.5%+15.1%
YOY7.0%4.6%+2.4%
5Y6.4%4.2%+2.2%
10Y5.4%3.7%+1.7%
1.2.2. Operating Ratio

Measures how efficient Grindrod is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Integrated Freight & Logistics industry mean).
  • An Operation Ratio of 0.82 means that the operating costs are $0.82 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Grindrod Ltd ADR:

  • The MRQ is 0.824. The company is less efficient in keeping operating costs low.
  • The TTM is 0.824. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.824TTM0.8240.000
TTM0.824YOY0.930-0.106
TTM0.8245Y0.936-0.112
5Y0.93610Y1.162-0.226
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8241.632-0.808
TTM0.8241.599-0.775
YOY0.9301.499-0.569
5Y0.9361.518-0.582
10Y1.1621.322-0.160

1.3. Liquidity of Grindrod Ltd ADR.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Grindrod is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Integrated Freight & Logistics industry mean).
  • A Current Ratio of 1.97 means the company has $1.97 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Grindrod Ltd ADR:

  • The MRQ is 1.966. The company is able to pay all its short-term debts. +1
  • The TTM is 1.966. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.966TTM1.9660.000
TTM1.966YOY1.666+0.300
TTM1.9665Y1.176+0.790
5Y1.17610Y1.108+0.067
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9661.309+0.657
TTM1.9661.318+0.648
YOY1.6661.368+0.298
5Y1.1761.345-0.169
10Y1.1081.269-0.161
1.3.2. Quick Ratio

Measures if Grindrod is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Grindrod to the Integrated Freight & Logistics industry mean.
  • A Quick Ratio of 5.12 means the company can pay off $5.12 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Grindrod Ltd ADR:

  • The MRQ is 5.117. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 5.117. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ5.117TTM5.1170.000
TTM5.117YOY1.355+3.762
TTM5.1175Y1.846+3.271
5Y1.84610Y1.086+0.760
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ5.1170.790+4.327
TTM5.1170.857+4.260
YOY1.3550.935+0.420
5Y1.8460.955+0.891
10Y1.0860.948+0.138

1.4. Solvency of Grindrod Ltd ADR.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Grindrod assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Grindrod to Integrated Freight & Logistics industry mean.
  • A Debt to Asset Ratio of 0.32 means that Grindrod assets are financed with 32.2% credit (debt) and the remaining percentage (100% - 32.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Grindrod Ltd ADR:

  • The MRQ is 0.322. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.322. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.322TTM0.3220.000
TTM0.322YOY0.362-0.040
TTM0.3225Y0.540-0.218
5Y0.54010Y0.542-0.002
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3220.530-0.208
TTM0.3220.524-0.202
YOY0.3620.552-0.190
5Y0.5400.5400.000
10Y0.5420.542+0.000
1.4.2. Debt to Equity Ratio

Measures if Grindrod is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Grindrod to the Integrated Freight & Logistics industry mean.
  • A Debt to Equity ratio of 47.3% means that company has $0.47 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Grindrod Ltd ADR:

  • The MRQ is 0.473. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.473. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.473TTM0.4730.000
TTM0.473YOY0.564-0.091
TTM0.4735Y1.423-0.951
5Y1.42310Y1.332+0.091
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4731.129-0.656
TTM0.4731.129-0.656
YOY0.5641.249-0.685
5Y1.4231.229+0.194
10Y1.3321.263+0.069

2. Market Valuation of Grindrod Ltd ADR

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Grindrod generates.

  • Above 15 is considered overpriced but always compare Grindrod to the Integrated Freight & Logistics industry mean.
  • A PE ratio of 386.32 means the investor is paying $386.32 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Grindrod Ltd ADR:

  • The EOD is 386.322. Based on the earnings, the company is expensive. -2
  • The MRQ is 386.322. Based on the earnings, the company is expensive. -2
  • The TTM is 386.322. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD386.322MRQ386.3220.000
MRQ386.322TTM386.3220.000
TTM386.322YOY36.973+349.349
TTM386.3225Y89.470+296.852
5Y89.47010Y-10.871+100.340
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
EOD386.32212.610+373.712
MRQ386.32211.920+374.402
TTM386.32212.113+374.209
YOY36.97312.135+24.838
5Y89.47014.112+75.358
10Y-10.87118.888-29.759
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Grindrod Ltd ADR:

  • The EOD is 2,349.432. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 2,349.432. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 2,349.432. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD2,349.432MRQ2,349.4320.000
MRQ2,349.432TTM2,349.4320.000
TTM2,349.432YOY188.253+2,161.179
TTM2,349.4325Y-1,858.130+4,207.562
5Y-1,858.13010Y-803.925-1,054.204
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
EOD2,349.4323.226+2,346.206
MRQ2,349.4323.382+2,346.050
TTM2,349.4324.674+2,344.758
YOY188.2533.994+184.259
5Y-1,858.1304.273-1,862.403
10Y-803.9253.450-807.375
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Grindrod is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Integrated Freight & Logistics industry mean).
  • A PB ratio of 2.23 means the investor is paying $2.23 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Grindrod Ltd ADR:

  • The EOD is 2.230. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.230. Based on the equity, the company is underpriced. +1
  • The TTM is 2.230. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.230MRQ2.2300.000
MRQ2.230TTM2.2300.000
TTM2.230YOY2.323-0.093
TTM2.2305Y1.777+0.452
5Y1.77710Y1.136+0.641
Compared to industry (Integrated Freight & Logistics)
PeriodCompanyIndustry (mean)+/- 
EOD2.2301.335+0.895
MRQ2.2301.407+0.823
TTM2.2301.574+0.656
YOY2.3231.995+0.328
5Y1.7771.969-0.192
10Y1.1362.150-1.014
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Grindrod Ltd ADR compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.3240.3240%-0.263+181%-1.231+480%-17.324+5441%
Book Value Per Share--8.0728.0720%7.748+4%8.162-1%85.730-91%
Current Ratio--1.9661.9660%1.666+18%1.176+67%1.108+77%
Debt To Asset Ratio--0.3220.3220%0.362-11%0.540-40%0.542-41%
Debt To Equity Ratio--0.4730.4730%0.564-16%1.423-67%1.332-65%
Dividend Per Share--0.0200.0200%0.033-41%0.015+31%0.068-71%
Eps--0.0470.0470%0.487-90%-0.030+163%-0.185+497%
Free Cash Flow Per Share--0.0080.0080%0.096-92%0.024-68%-0.053+796%
Free Cash Flow To Equity Per Share---0.016-0.0160%0.064-124%-0.009-39%-0.082+423%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--2.187--------
Intrinsic Value_10Y_min--0.675--------
Intrinsic Value_1Y_max--0.104--------
Intrinsic Value_1Y_min--0.035--------
Intrinsic Value_3Y_max--0.401--------
Intrinsic Value_3Y_min--0.135--------
Intrinsic Value_5Y_max--0.803--------
Intrinsic Value_5Y_min--0.265--------
Market Cap1204515000.0000%1204515000.0001204515000.0000%1204515000.0000%968529600.000+24%3707282409.104-68%
Net Profit Margin--0.2190.2190%0.112+96%0.031+605%0.058+281%
Operating Margin--0.1760.1760%0.070+151%0.064+174%0.054+223%
Operating Ratio--0.8240.8240%0.930-11%0.936-12%1.162-29%
Pb Ratio2.2300%2.2302.2300%2.323-4%1.777+25%1.136+96%
Pe Ratio386.3220%386.322386.3220%36.973+945%89.470+332%-10.871+103%
Price Per Share18.0000%18.00018.0000%18.0000%14.400+25%18.508-3%
Price To Free Cash Flow Ratio2349.4320%2349.4322349.4320%188.253+1148%-1858.130+179%-803.925+134%
Price To Total Gains Ratio52.3390%52.33952.3390%-78.338+250%436.223-88%217.923-76%
Quick Ratio--5.1175.1170%1.355+278%1.846+177%1.086+371%
Return On Assets--0.0040.0040%0.003+46%0.001+268%0.001+413%
Return On Equity--0.0060.0060%0.004+38%0.001+387%0.001+328%
Total Gains Per Share--0.3440.3440%-0.230+167%-1.216+454%-17.256+5117%
Usd Book Value--540155680.000540155680.0000%518452072.000+4%549659466.400-2%7904516933.200-93%
Usd Book Value Change Per Share--0.3240.3240%-0.263+181%-1.231+480%-17.324+5441%
Usd Book Value Per Share--8.0728.0720%7.748+4%8.162-1%85.730-91%
Usd Dividend Per Share--0.0200.0200%0.033-41%0.015+31%0.068-71%
Usd Eps--0.0470.0470%0.487-90%-0.030+163%-0.185+497%
Usd Free Cash Flow--512683.491512683.4910%6398370.541-92%1588458.533-68%-32579296.074+6455%
Usd Free Cash Flow Per Share--0.0080.0080%0.096-92%0.024-68%-0.053+796%
Usd Free Cash Flow To Equity Per Share---0.016-0.0160%0.064-124%-0.009-39%-0.082+423%
Usd Market Cap1204515000.0000%1204515000.0001204515000.0000%1204515000.0000%968529600.000+24%3707282409.104-68%
Usd Price Per Share18.0000%18.00018.0000%18.0000%14.400+25%18.508-3%
Usd Profit--3117907.7913117907.7910%2176220.080+43%569102.016+448%1645735.228+89%
Usd Revenue--14223970.06214223970.0620%19474905.466-27%14590761.343-3%222630837.051-94%
Usd Total Gains Per Share--0.3440.3440%-0.230+167%-1.216+454%-17.256+5117%
 EOD+0 -0MRQTTM+0 -0YOY+19 -125Y+21 -1410Y+22 -13

3.2. Fundamental Score

Let's check the fundamental score of Grindrod Ltd ADR based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15386.322
Price to Book Ratio (EOD)Between0-12.230
Net Profit Margin (MRQ)Greater than00.219
Operating Margin (MRQ)Greater than00.176
Quick Ratio (MRQ)Greater than15.117
Current Ratio (MRQ)Greater than11.966
Debt to Asset Ratio (MRQ)Less than10.322
Debt to Equity Ratio (MRQ)Less than10.473
Return on Equity (MRQ)Greater than0.150.006
Return on Assets (MRQ)Greater than0.050.004
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of Grindrod Ltd ADR based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than50100.000
Ma 20Greater thanMa 5018.000
Ma 50Greater thanMa 10017.943
Ma 100Greater thanMa 20017.870
OpenGreater thanClose18.000
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary
Total Assets796,832
Total Liabilities256,677
Total Stockholder Equity543,081
 As reported
Total Liabilities 256,677
Total Stockholder Equity+ 543,081
Total Assets = 796,832

Assets

Total Assets796,832
Total Current Assets252,207
Long-term Assets544,626
Total Current Assets
Cash And Cash Equivalents 137,922
Short-term Investments 416,336
Net Receivables 102,171
Inventory 2,977
Total Current Assets  (as reported)252,207
Total Current Assets  (calculated)659,405
+/- 407,199
Long-term Assets
Property Plant Equipment 123,301
Goodwill 16,356
Intangible Assets 51,321
Long-term Assets  (as reported)544,626
Long-term Assets  (calculated)190,978
+/- 353,648

Liabilities & Shareholders' Equity

Total Current Liabilities128,289
Long-term Liabilities128,388
Total Stockholder Equity543,081
Total Current Liabilities
Short-term Debt 29,268
Short Long Term Debt 420,797
Accounts payable 45,531
Other Current Liabilities 48,410
Total Current Liabilities  (as reported)128,289
Total Current Liabilities  (calculated)544,006
+/- 415,717
Long-term Liabilities
Long-term Liabilities  (as reported)128,388
Long-term Liabilities  (calculated)0
+/- 128,388
Total Stockholder Equity
Common Stock1
Retained Earnings 185,256
Accumulated Other Comprehensive Income 142,579
Other Stockholders Equity 215,246
Total Stockholder Equity (as reported)543,081
Total Stockholder Equity (calculated)543,081
+/- 0
Other
Capital Stock3,936,323
Cash and Short Term Investments 137,922
Common Stock Shares Outstanding 66,775
Current Deferred Revenue5,080
Liabilities and Stockholders Equity 796,832
Net Debt 5,502
Net Invested Capital 11,916,642
Net Working Capital 2,266,151
Property Plant and Equipment Gross 4,899,628
Short Long Term Debt Total 143,424



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
> Total Assets 
28,422,127
32,857,227
36,456,765
36,176,240
34,948,970
25,651,464
1,982,624
1,606,986
1,575,910
812,783
796,832
796,832812,7831,575,9101,606,9861,982,62425,651,46434,948,97036,176,24036,456,76532,857,22728,422,127
   > Total Current Assets 
12,255,269
13,212,139
14,612,214
19,512,166
19,841,879
14,002,964
986,450
682,397
601,738
312,285
252,207
252,207312,285601,738682,397986,45014,002,96419,841,87919,512,16614,612,21413,212,13912,255,269
       Cash And Cash Equivalents 
6,076,314
7,404,912
8,393,256
9,478,073
8,970,274
3,817,069
338,245
125,730
128,925
153,130
137,922
137,922153,130128,925125,730338,2453,817,0698,970,2749,478,0738,393,2567,404,9126,076,314
       Short-term Investments 
763,243
705,355
605,254
1,801,065
1,763,875
2,843,541
211,784
155,494
227,007
0
416,336
416,3360227,007155,494211,7842,843,5411,763,8751,801,065605,254705,355763,243
       Net Receivables 
2,432,135
3,675,106
4,010,922
1,062,723
2,409,821
5,707,780
389,529
365,621
233,547
100,953
102,171
102,171100,953233,547365,621389,5295,707,7802,409,8211,062,7234,010,9223,675,1062,432,135
       Inventory 
285,921
628,511
729,063
429,984
56,510
90,186
8,789
6,338
4,175
2,282
2,977
2,9772,2824,1756,3388,78990,18656,510429,984729,063628,511285,921
       Other Current Assets 
2,697,656
798,255
747,231
0
7,551,715
1,409,597
38,103
29,215
8,084
55,919
9,137
9,13755,9198,08429,21538,1031,409,5977,551,7150747,231798,2552,697,656
   > Long-term Assets 
0
0
0
16,664,074
11,970,343
12,860,610
996,174
924,588
974,172
500,498
544,626
544,626500,498974,172924,588996,17412,860,61011,970,34316,664,074000
       Property Plant Equipment 
6,698,871
7,328,376
7,632,489
5,610,562
1,478,003
2,758,842
211,831
190,351
174,985
136,229
123,301
123,301136,229174,985190,351211,8312,758,8421,478,0035,610,5627,632,4897,328,3766,698,871
       Goodwill 
481,540
1,280,016
1,299,503
829,497
571,281
572,837
46,799
39,447
27,347
17,798
16,356
16,35617,79827,34739,44746,799572,837571,281829,4971,299,5031,280,016481,540
       Long Term Investments 
5,107,386
6,179,540
7,932,047
7,305,425
6,453,654
0
0
0
0
0
0
0000006,453,6547,305,4257,932,0476,179,5405,107,386
       Intangible Assets 
78,223
329,630
304,656
231,310
139,628
129,138
55,269
46,094
31,817
20,963
51,321
51,32120,96331,81746,09455,269129,138139,628231,310304,656329,63078,223
> Total Liabilities 
16,289,460
15,376,746
17,316,874
20,374,884
20,751,488
15,973,802
1,372,244
1,065,142
1,038,444
294,331
256,677
256,677294,3311,038,4441,065,1421,372,24415,973,80220,751,48820,374,88417,316,87415,376,74616,289,460
   > Total Current Liabilities 
12,721,221
12,195,203
13,789,801
17,764,793
18,608,037
15,595,375
1,162,442
940,065
893,947
187,502
128,289
128,289187,502893,947940,0651,162,44215,595,37518,608,03717,764,79313,789,80112,195,20312,721,221
       Short-term Debt 
4,353,902
4,788,429
4,359,545
3,337,573
2,123,339
0
276,330
208,803
119,544
51,252
29,268
29,26851,252119,544208,803276,33002,123,3393,337,5734,359,5454,788,4294,353,902
       Short Long Term Debt 
4,353,902
4,788,429
4,359,545
1,100,224
1,088,834
1,940,004
1,936,458
2,802,266
1,658,635
710,231
420,797
420,797710,2311,658,6352,802,2661,936,4581,940,0041,088,8341,100,2244,359,5454,788,4294,353,902
       Accounts payable 
1,339,354
2,132,567
555,461
640,080
1,266,437
579,933
46,515
44,551
34,193
43,985
45,531
45,53143,98534,19344,55146,515579,9331,266,437640,080555,4612,132,5671,339,354
       Other Current Liabilities 
10,034,430
7,835,905
10,540,751
0
16,252,766
12,269,595
836,028
679,787
735,989
77,482
48,410
48,41077,482735,989679,787836,02812,269,59516,252,766010,540,7517,835,90510,034,430
   > Long-term Liabilities 
0
0
0
2,610,091
1,326,420
1,958,287
209,802
125,077
144,497
106,829
128,388
128,388106,829144,497125,077209,8021,958,2871,326,4202,610,091000
       Capital Lease Obligations 
0
0
0
0
0
0
1,205,747
967,863
1,046,310
608,173
637,818
637,818608,1731,046,310967,8631,205,747000000
       Long-term Liabilities Other 
0
0
0
0
0
-1
77,544
0
0
140,325
185,077
185,077140,3250077,544-100000
> Total Stockholder Equity
12,036,426
17,432,294
19,146,163
15,752,437
14,152,823
9,618,529
615,504
552,065
540,266
522,091
543,081
543,081522,091540,266552,065615,5049,618,52914,152,82315,752,43719,146,16317,432,29412,036,426
   Common Stock
12
15
15
15
15
15
1
1
1
1
1
11111151515151512
   Retained Earnings 
8,055,520
8,853,554
7,174,992
5,217,482
4,639,988
3,912,258
225,709
178,571
175,965
163,689
185,256
185,256163,689175,965178,571225,7093,912,2584,639,9885,217,4827,174,9928,853,5548,055,520
   Capital Surplus 00000000000
   Treasury Stock00000000000
   Other Stockholders Equity 
1,943,914
2,595,816
6,000,444
4,563,234
3,520,079
1,540,914
284,768
268,941
246,159
231,240
215,246
215,246231,240246,159268,941284,7681,540,9143,520,0794,563,2346,000,4442,595,8161,943,914



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in ZAR. All numbers in thousands.




Income Statement

Currency in ZAR. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue262,435
Cost of Revenue-174,249
Gross Profit88,18688,186
 
Operating Income (+$)
Gross Profit88,186
Operating Expense-42,044
Operating Income46,14246,142
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense42,0440
 
Net Interest Income (+$)
Interest Income240,642
Interest Expense-219,967
Other Finance Cost-0
Net Interest Income20,675
 
Pretax Income (+$)
Operating Income46,142
Net Interest Income20,675
Other Non-Operating Income Expenses-
Income Before Tax (EBT)29,07863,205
EBIT - interestExpense = -173,825
73,861
277,493
Interest Expense219,967
Earnings Before Interest and Taxes (EBIT)46,142249,045
Earnings Before Interest and Taxes (EBITDA)67,352
 
After tax Income (+$)
Income Before Tax29,078
Tax Provision-301,606
Net Income From Continuing Ops1,059,753-272,528
Net Income57,526
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses216,293
Total Other Income/Expenses Net-17,064-20,675
 

Technical Analysis of Grindrod
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Grindrod. The general trend of Grindrod is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Grindrod's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Grindrod Ltd ADR.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 18.00 < 18.00 < 18.00.

The bearish price targets are: 18.00 > 18.00 > 18.00.

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Grindrod Ltd ADR Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Grindrod Ltd ADR. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Grindrod Ltd ADR Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Grindrod Ltd ADR. The current macd is 0.0122711.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Grindrod price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Grindrod. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Grindrod price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Grindrod Ltd ADR Daily Moving Average Convergence/Divergence (MACD) ChartGrindrod Ltd ADR Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Grindrod Ltd ADR. The current adx is 100.00.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Grindrod shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Grindrod Ltd ADR Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Grindrod Ltd ADR. The current sar is 18.00.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Grindrod Ltd ADR Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Grindrod Ltd ADR. The current rsi is 100.00. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -1/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
Grindrod Ltd ADR Daily Relative Strength Index (RSI) ChartGrindrod Ltd ADR Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Grindrod Ltd ADR. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Grindrod price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Grindrod Ltd ADR Daily Stochastic Oscillator ChartGrindrod Ltd ADR Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Grindrod Ltd ADR. The current cci is 0.

Grindrod Ltd ADR Daily Commodity Channel Index (CCI) ChartGrindrod Ltd ADR Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Grindrod Ltd ADR. The current cmo is 100.00.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Grindrod Ltd ADR Daily Chande Momentum Oscillator (CMO) ChartGrindrod Ltd ADR Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Grindrod Ltd ADR. The current willr is 0.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Grindrod Ltd ADR Daily Williams %R ChartGrindrod Ltd ADR Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Grindrod Ltd ADR.

Grindrod Ltd ADR Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Grindrod Ltd ADR. The current atr is 0.00108854.

Grindrod Ltd ADR Daily Average True Range (ATR) ChartGrindrod Ltd ADR Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Grindrod Ltd ADR. The current obv is 1,000.00.

Grindrod Ltd ADR Daily On-Balance Volume (OBV) ChartGrindrod Ltd ADR Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Grindrod Ltd ADR. The current mfi is 0.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Grindrod Ltd ADR Daily Money Flow Index (MFI) ChartGrindrod Ltd ADR Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Grindrod Ltd ADR.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-04-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.

6.3. Candlestick Patterns

Grindrod Ltd ADR Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Grindrod Ltd ADR based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than50100.000
Ma 20Greater thanMa 5018.000
Ma 50Greater thanMa 10017.943
Ma 100Greater thanMa 20017.870
OpenGreater thanClose18.000
Total4/5 (80.0%)
Penke

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