NYSE:GNK

Stock Analysis Report

Executive Summary

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide.

Snowflake

Fundamentals

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

How has Genco Shipping & Trading's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.2%

GNK

0.3%

US Shipping

0.4%

US Market


1 Year Return

-17.5%

GNK

0.3%

US Shipping

6.9%

US Market

Return vs Industry: GNK underperformed the US Shipping industry which returned 0.3% over the past year.

Return vs Market: GNK underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

GNKIndustryMarket
7 Day-3.2%0.3%0.4%
30 Day2.9%0.2%-1.2%
90 Day-3.6%4.5%-0.4%
1 Year-17.5%-17.5%2.0%0.3%9.3%6.9%
3 Year86.3%86.3%21.4%13.1%45.8%36.4%
5 Year-93.5%-93.5%-59.4%-62.5%62.9%45.1%

Price Volatility Vs. Market

How volatile is Genco Shipping & Trading's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Genco Shipping & Trading undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: GNK ($10.04) is trading below our estimate of fair value ($198.35)

Significantly Undervalued: GNK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GNK is unprofitable, so we can't compare its PE Ratio to the Shipping industry average.

PE vs Market: GNK is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate GNK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GNK is good value based on its PB Ratio (0.4x) compared to the US Shipping industry average (0.6x).


Next Steps

Future Growth

How is Genco Shipping & Trading forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

117.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GNK is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GNK is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GNK is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GNK's revenue (7.8% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: GNK's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: GNK's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

How has Genco Shipping & Trading performed over the past 5 years?

57.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GNK is unprofitable, but has reduced losses over the past 5 years at a rate of 57.7% per year.

Accelerating Growth: Unable to compare GNK's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GNK is unprofitable, making it difficult to compare its past year earnings growth to the Shipping industry (-62.3%).


Return on Equity

High ROE: GNK has a negative Return on Equity (-1.81%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GNK is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GNK is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Genco Shipping & Trading's financial position?


Financial Position Analysis

Short Term Liabilities: GNK's short term assets ($219.4M) exceeds its short term liabilities ($108.7M)

Long Term Liabilities: GNK's short term assets (219.4M) do not cover its long term liabilities (443.7M)


Debt to Equity History and Analysis

Debt Level: GNK's debt to equity ratio (49.3%) is considered high

Reducing Debt: GNK's debt to equity ratio has reduced from 133.6% to 49.3% over the past 5 years.


Balance Sheet

Inventory Level: GNK has a high level of physical assets or inventory.

Debt Coverage by Assets: GNK's debt is not covered by short term assets (assets are 0.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GNK has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GNK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Genco Shipping & Trading's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate GNK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GNK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if GNK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GNK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GNK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Genco Shipping & Trading's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average management tenure


CEO

John Wobensmith (49yo)

2.6yrs

Tenure

US$2,201,942

Compensation

Mr. John C. Wobensmith has been the President of Genco Shipping & Trading Limited since December 19, 2014 and also serves as its Chief Executive Officer and Secretary. Mr. Wobensmith also served as the Chi ...


CEO Compensation Analysis

Compensation vs. Market: John's total compensation ($USD2.20M) is about average for companies of similar size in the US market ($USD1.79M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.6yrs

Average Tenure

49yo

Average Age

Experienced Management: GNK's management team is considered experienced (2.6 years average tenure).


Board Age and Tenure

3.0yrs

Average Tenure

48.5yo

Average Age

Experienced Board: GNK's board of directors are considered experienced (3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • John Wobensmith (49yo)

    CEO, President & Secretary

    • Tenure: 2.6yrs
    • Compensation: US$2.20m
  • Art Regan (56yo)

    Interim Executive Chairman

    • Tenure: 3yrs
    • Compensation: US$660.01k
  • Apostolos Zafolias (40yo)

    CFO & Executive VP of Finance

    • Tenure: 4.8yrs
    • Compensation: US$691.99k
  • Joe Adamo (57yo)

    Chief Accounting Officer

    • Tenure: 4.8yrs
    • Compensation: US$398.95k
  • Ivo Kempenaer

    Vice President

    • Tenure: 2yrs
  • Robert Hughes (43yo)

    Chief Operations Officer

    • Tenure: 0.8yrs

Board Members

  • Kathy Haines (64yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$177.49k
  • Jim Dolphin (52yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$231.99k
  • Daniel Han

    Director

    • Tenure: 1.5yrs
  • Art Regan (56yo)

    Interim Executive Chairman

    • Tenure: 3yrs
    • Compensation: US$660.01k
  • Basil Mavroleon (70yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$173.49k
  • Jason Scheir (39yo)

    Director

    • Tenure: 2.8yrs
  • Bao Truong (45yo)

    Director

    • Tenure: 5.3yrs
  • Kevin Mahony (32yo)

    Director

    • Tenure: 4.1yrs
  • Christoph Majeske (39yo)

    Director

    • Tenure: 2.8yrs

Company Information

Genco Shipping & Trading Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Genco Shipping & Trading Limited
  • Ticker: GNK
  • Exchange: NYSE
  • Founded: 2004
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: US$418.236m
  • Shares outstanding: 41.66m
  • Website: https://www.gencoshipping.com

Number of Employees


Location

  • Genco Shipping & Trading Limited
  • 299 Park Avenue
  • 12th Floor
  • New York
  • New York
  • 10171
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GNU1DB (Deutsche Boerse AG)YesCommon StockDEEURJul 2014
GNKNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 2014

Biography

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier ves ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:28
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.