Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide.
Fair value with moderate growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GNK underperformed the US Shipping industry which returned -31.1% over the past year.
Return vs Market: GNK underperformed the US Market which returned 7.1% over the past year.
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
11 hours ago | Simply Wall StGenco Shipping & Trading (NYSE:GNK) Seems To Be Using An Awful Lot Of Debt
2 weeks ago | Simply Wall StGenco Shipping & Trading Limited (NYSE:GNK) Analysts Just Cut Their EPS Forecasts Substantially
3 weeks ago | Simply Wall StGenco Shipping & Trading Limited (NYSE:GNK): Is Breakeven Near?
Is Genco Shipping & Trading undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GNK ($4.99) is trading below our estimate of fair value ($48.62)
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 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 (0.2x) compared to the US Shipping industry average (0.3x).
How is Genco Shipping & Trading forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
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 (2.2%).
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 (-16.2% per year).
High Growth Revenue: GNK's revenue is forecast to decline over the next 3 years (-16.2% 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 (3.1%).
How has Genco Shipping & Trading performed over the past 5 years?
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 61.9% 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 (-62%).
Return on Equity
High ROE: GNK has a negative Return on Equity (-19.8%), as it is currently unprofitable.
How is Genco Shipping & Trading's financial position?
Financial Position Analysis
Short Term Liabilities: GNK's short term assets ($227.5M) exceed its short term liabilities ($116.6M).
Long Term Liabilities: GNK's short term assets ($227.5M) do not cover its long term liabilities ($413.1M).
Debt to Equity History and Analysis
Debt Level: GNK's debt to equity ratio (56%) is considered high.
Reducing Debt: GNK's debt to equity ratio has increased from 35.4% to 56% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GNK has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GNK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Genco Shipping & Trading's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GNK's dividend (1.6%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: GNK's dividend (1.6%) is low compared to the top 25% of dividend payers in the US market (4.54%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether GNK's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if GNK's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: GNK is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: GNK's dividends in 3 years are forecast to be well covered by earnings (49.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Wobensmith (49yo)
Mr. John C. Wobensmith has been the President of Genco Shipping & Trading Limited since December 19, 2014 and also serves as its Chief Executive Officer and Secretary. Mr. Wobensmith also served as the Chi ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD2.38M) is above average for companies of similar size in the US market ($USD1.40M).
Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.
|Interim Executive Chairman||3.58yrs||US$672.29k||0.029% $59.6k|
|CEO, President & Secretary||3.17yrs||US$2.38m||0.60% $1.2m|
|CFO & Executive VP of Finance||5.42yrs||US$718.73k||0.020% $41.8k|
|Chief Operations Officer||1.33yrs||no data||no data|
|Chief Accounting Officer||5.42yrs||US$398.95k||0.0026% $5.4k|
|Vice President||2.58yrs||no data||no data|
|Senior Vice President of Strategy & Finance||no data||no data||no data|
Experienced Management: GNK's management team is considered experienced (3.2 years average tenure).
|Interim Executive Chairman||3.58yrs||US$672.29k||0.029% $59.6k|
|Independent Director||3yrs||US$177.49k||no data|
|Independent Director||5.83yrs||US$351.99k||no data|
|Independent Director||2.08yrs||no data||no data|
|Independent Director||4.83yrs||US$173.49k||0.0018% $3.7k|
|Independent Director||3.42yrs||no data||no data|
|Director||5.83yrs||no data||no data|
|Director||4.67yrs||no data||no data|
|Independent Director||3.33yrs||no data||no data|
Experienced Board: GNK's board of directors are considered experienced (3.6 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Genco Shipping & Trading Limited's company bio, employee growth, exchange listings and data sources
- Name: Genco Shipping & Trading Limited
- Ticker: GNK
- Exchange: NYSE
- Founded: 2004
- Industry: Marine
- Sector: Transportation
- Market Cap: US$208.591m
- Shares outstanding: 41.80m
- Website: https://www.gencoshipping.com
Number of Employees
- Genco Shipping & Trading Limited
- 299 Park Avenue
- 12th Floor
- New York
- New York
- United States
|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|
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 vessels, transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of February 25, 2020, the company’s fleet consisted of 17 Capesize, 1 Panamax, 6 Ultramax, 20 Supramax, and 10 Handysize vessels with an aggregate capacity of approximately 4,914,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/28 04:52|
|End of Day Share Price||2020/05/27 00:00|
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.