Genco Shipping & Trading
Market Cap
US$418.2m
Last Updated
2019/10/19 00:28 UTC
Data Sources
Company Financials +
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
| GNK | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.2% | 0.3% | 0.4% |
| 30 Day | 2.9% | 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 Year | 86.3%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
1 week ago | Simply Wall St
Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt?1 month ago | Simply Wall St
How Much Did Genco Shipping & Trading Limited's (NYSE:GNK) CEO Pocket Last Year?1 month ago | Simply Wall St
Does The Genco Shipping & Trading Limited (NYSE:GNK) Share Price Tend To Follow The Market?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.
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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
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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GNU1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 2014 |
| GNK | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jul 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 00:28 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.