Genco Shipping & Trading
Market Cap
US$343.2m
Last Updated
2021/01/17 23:44 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. More Details
Rewards
Risk Analysis
No risks detected for GNK from our risk checks.
Snowflake Analysis
Fair value with moderate growth potential.
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
Stable Share Price: GNK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: GNK's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-3.4%
GNK
2.4%
US Shipping
-1.0%
US Market
1 Year Return
-15.7%
GNK
-14.5%
US Shipping
19.6%
US Market
Return vs Industry: GNK underperformed the US Shipping industry which returned -14.5% over the past year.
Return vs Market: GNK underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| GNK | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.4% | 2.4% | -1.0% |
| 30 Day | 14.2% | 15.1% | 2.3% |
| 90 Day | 14.0% | 40.2% | 13.1% |
| 1 Year | -12.7%-15.7% | -12.9%-14.5% | 22.3%19.6% |
| 3 Year | -35.6%-40.7% | 3.0%-4.4% | 45.3%35.7% |
| 5 Year | -25.7%-31.6% | 0.3%-14.0% | 124.8%99.8% |
Long-Term 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
5 days ago | Simply Wall St
Is Genco Shipping & Trading Limited (NYSE:GNK) A Strong Dividend Stock?3 weeks ago | Simply Wall St
How Does Genco Shipping & Trading's (NYSE:GNK) CEO Pay Compare With Company Performance?1 month ago | Simply Wall St
Genco Shipping & Trading (NYSE:GNK) Has No Shortage Of DebtValuation
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
Below Fair Value: GNK ($8.21) is trading below our estimate of fair value ($49.91)
Significantly Below Fair Value: 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 US 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
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 5 analysts?
115.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GNK is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: GNK is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GNK's is expected to become profitable in the next 3 years.
Revenue vs Market: GNK's revenue is expected to decline over the next 3 years (-14% per year).
High Growth Revenue: GNK's revenue is forecast to decline over the next 3 years (-14% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GNK's Return on Equity is forecast to be low in 3 years time (5.6%).
Next Steps
Past Performance
How has Genco Shipping & Trading performed over the past 5 years?
27.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GNK is currently unprofitable.
Growing Profit Margin: GNK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GNK is unprofitable, but has reduced losses over the past 5 years at a rate of 27.9% 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 (8.9%).
Return on Equity
High ROE: GNK has a negative Return on Equity (-19.57%), as it is currently unprofitable.
Next Steps
Financial Health
How is Genco Shipping & Trading's financial position?
Financial Position Analysis
Short Term Liabilities: GNK's short term assets ($222.4M) exceed its short term liabilities ($113.7M).
Long Term Liabilities: GNK's short term assets ($222.4M) do not cover its long term liabilities ($392.7M).
Debt to Equity History and Analysis
Debt Level: GNK's debt to equity ratio (57.3%) is considered high.
Reducing Debt: GNK's debt to equity ratio has increased from 40.4% to 57.3% over the past 5 years.
Balance Sheet
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: Whilst unprofitable GNK has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GNK is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 20.5% per year.
Next Steps
Dividend
What is Genco Shipping & Trading current dividend yield, its reliability and sustainability?
0.97%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNK's dividend (0.97%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: GNK's dividend (0.97%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether GNK's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if GNK's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: GNK is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: GNK's dividends in 3 years are not forecast to be well covered by earnings (92.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
John Wobensmith (50 yo)
3.83yrs
Tenure
US$2,383,484
Compensation
Mr. John C. Wobensmith has been the President of Genco Shipping & Trading Limited since December 19, 2014, its Chief Executive Officer since March 23, 2017 and serves as its Secretary. Mr. Wobensmith also ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD2.38M) is above average for companies of similar size in the US market ($USD1.67M).
Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Secretary | 3.83yrs | US$2.38m | 0.60% $ 2.0m | |
| CFO & Executive VP of Finance | 6.08yrs | US$718.73k | 0.020% $ 68.7k | |
| Chief Operations Officer | 2yrs | no data | no data | |
| Chief Accounting Officer | 6.08yrs | US$398.95k | 0.0026% $ 8.9k | |
| Vice President | 3.25yrs | no data | no data | |
| Senior Vice President of Strategy & Finance | no data | no data | no data |
3.8yrs
Average Tenure
47.5yo
Average Age
Experienced Management: GNK's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.67yrs | US$177.49k | no data | |
| Independent Director | 6.5yrs | US$351.99k | no data | |
| Chairman | 4.25yrs | US$672.29k | 0.029% $ 98.0k | |
| Independent Director | 5.5yrs | US$173.49k | 0.0018% $ 6.1k | |
| Independent Director | 4.08yrs | no data | no data | |
| Director | 6.5yrs | no data | no data | |
| Director | 5.33yrs | no data | no data |
5.3yrs
Average Tenure
53yo
Average Age
Experienced Board: GNK's board of directors are considered experienced (5.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$343.192m
- Shares outstanding: 41.80m
- 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 | 2021/01/17 23:44 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.