Genco Shipping & Trading Limited

NYSE:GNK Stock Report

Mkt Cap: US$731.0m

We’ve recently updated our valuation analysis.

Genco Shipping & Trading Valuation

Is GNK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GNK?

Other financial metrics that can be useful for relative valuation.

GNK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA3x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does GNK's PE Ratio compare to its peers?

The above table shows the PE ratio for GNK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average2.2x
GSL Global Ship Lease
2.3x4.8%US$650.4m
EGLE Eagle Bulk Shipping
2.3x-40.8%US$730.8m
DAC Danaos
2x4.5%US$1.2b
SB Safe Bulkers
2x-11.5%US$378.0m
GNK Genco Shipping & Trading
3.3x-13.2%US$731.0m

Price-To-Earnings vs Peers: GNK is expensive based on its Price-To-Earnings Ratio (3.3x) compared to the peer average (2.2x).


Price to Earnings Ratio vs Industry

How does GNK's PE Ratio compare vs other companies in the US Shipping Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-19.8%
n/an/an/a

Price-To-Earnings vs Industry: GNK is expensive based on its Price-To-Earnings Ratio (3.3x) compared to the US Shipping industry average (2.3x)


Price to Earnings Ratio vs Fair Ratio

What is GNK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GNK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.3x
Fair PE Ratio4.2x

Price-To-Earnings vs Fair Ratio: GNK is good value based on its Price-To-Earnings Ratio (3.3x) compared to the estimated Fair Price-To-Earnings Ratio (4.2x).


Share Price vs Fair Value

What is the Fair Price of GNK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GNK ($17.27) is trading below our estimate of fair value ($78.29)

Significantly Below Fair Value: GNK is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GNK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.27
US$22.36
+29.5%
18.5%US$27.50US$15.00n/a7
Jan ’24US$15.36
US$23.34
+51.9%
19.2%US$28.00US$15.00n/a8
Dec ’23US$14.44
US$23.34
+61.6%
19.2%US$28.00US$15.00n/a8
Nov ’23US$14.10
US$24.26
+72.1%
20.0%US$29.00US$15.00n/a8
Oct ’23US$12.53
US$24.94
+99.0%
21.6%US$31.00US$15.00n/a8
Sep ’23US$14.01
US$26.36
+88.1%
18.7%US$31.00US$15.00n/a7
Aug ’23US$19.84
US$26.53
+33.7%
13.9%US$31.00US$19.00n/a7
Jul ’23US$18.10
US$26.55
+46.7%
14.3%US$31.00US$19.00n/a6
Jun ’23US$25.66
US$27.29
+6.3%
13.0%US$31.00US$19.00n/a8
May ’23US$22.03
US$26.43
+20.0%
12.8%US$30.00US$19.00n/a7
Apr ’23US$23.72
US$26.33
+11.0%
11.8%US$30.00US$19.00n/a8
Mar ’23US$19.90
US$26.08
+31.0%
11.6%US$30.00US$19.00n/a8
Feb ’23US$16.41
US$25.88
+57.7%
11.7%US$30.00US$19.00n/a8
Jan ’23US$16.00
US$25.88
+61.7%
11.7%US$30.00US$19.00US$15.368
Dec ’22US$14.40
US$25.88
+79.7%
11.7%US$30.00US$19.00US$14.448
Nov ’22US$17.20
US$25.90
+50.6%
11.7%US$30.00US$19.00US$14.108
Oct ’22US$20.47
US$25.45
+24.3%
12.0%US$30.00US$19.00US$12.538
Sep ’22US$19.64
US$24.60
+25.3%
11.6%US$28.00US$19.00US$14.016
Aug ’22US$17.55
US$23.67
+34.9%
11.6%US$28.00US$19.00US$19.846
Jul ’22US$18.01
US$22.32
+23.9%
11.6%US$25.00US$18.90US$18.106
Jun ’22US$16.69
US$21.65
+29.7%
11.9%US$25.00US$18.90US$25.666
May ’22US$15.34
US$16.93
+10.4%
14.8%US$20.00US$14.00US$22.036
Apr ’22US$10.23
US$12.82
+25.3%
16.6%US$16.00US$9.00US$23.726
Mar ’22US$10.24
US$12.82
+25.2%
16.6%US$16.00US$9.00US$19.906
Feb ’22US$7.95
US$10.80
+35.8%
14.9%US$14.00US$9.00US$16.416
Jan ’22US$7.36
US$10.18
+38.4%
18.4%US$14.00US$8.60US$16.006

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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