A Business at a Glance
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GENCO SHIPPING & TRADING LTD
GNK
$1.2B
Mkt Cap
$26.77
+3.96%
GENCO SHIPPING & TRADING LTD (GNK) has a 5-year average return on invested capital (ROIC) of 8.6%. This is below average and may indicate limited pricing power.
GENCO SHIPPING & TRADING LTD (GNK) has a market capitalization of $1.2B. It is classified as a small-cap stock.
Yes, GENCO SHIPPING & TRADING LTD (GNK) pays a dividend with a trailing twelve-month yield of 3.60%.
GENCO SHIPPING & TRADING LTD (GNK) operates in the Deep Sea Foreign Transportation Of Freight industry, within the Industrials sector.
GENCO SHIPPING & TRADING LTD (GNK) reported annual revenue of $342 million in its most recent fiscal year, based on SEC EDGAR filings.
GENCO SHIPPING & TRADING LTD (GNK) has a net profit margin of -1.3%. The company is currently unprofitable.
GENCO SHIPPING & TRADING LTD (GNK) generated $29 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
We are a New York City-based pure-play drybulk ship owning company focused on the seaborne transportation of commodities globally. We transport key cargoes such as iron ore, coal, grain, bauxite, steel products and other drybulk cargoes along worldwide shipping routes. After the expected delivery of two Newcastlemax vessels during March 2026 that we have agreed to acquire, our fleet will consist of 45 drybulk vessels, including two Newcastlemax and 17 Capesize vessels and 15 Ultramax and 11 Supramax vessels with an aggregate carrying capacity of approximately 5,044,000 deadweight tons (“dwt”) and an average age of 12.7 years. See page 5 for a table of our current fleet. Our approach towards fleet composition is to own a high-quality fleet of vessels that focuses on Newcastlemax, Capesize, Ultramax and Supramax vessels. Newcastlemax and Capesize vessels represent our major bulk vessel category, while Ultramax and Supramax vessels represent our minor bulk vessel category.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 385M | 342M | 423M | 384M | 537M | 547M |
| Net Income | 17M | -4.4M | 76M | -13M | 159M | 182M |
| EPS | $0.39 | $-0.10 | $1.75 | $-0.30 | $3.70 | $4.27 |
| Free Cash Flow | 42M | 29M | 124M | 89M | 186M | 230M |
| ROIC | 2.7% | 0.7% | 8.6% | -1.2% | 15.8% | 19.3% |
| Gross Margin | - | 71.2% | 76.0% | 74.7% | 48.8% | 54.3% |
| Debt/Equity | 0.36 | 0.22 | 0.10 | 0.21 | 0.18 | 0.27 |
| Dividends/Share | $0.96 | $0.75 | $1.57 | $0.95 | $2.74 | $0.32 |
| Operating Income | 31M | 7.5M | 87M | -5.8M | 167M | 201M |
| Operating Margin | 7.9% | 2.2% | 20.6% | -1.5% | 31.1% | 36.8% |
| ROE | 1.9% | -0.5% | 8.3% | -1.4% | 16.8% | 21.9% |
| Shares Outstanding | 44M | 44M | 44M | 43M | 43M | 43M |
| Metric | 2014 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.4M | 154M | 136M | 210M | 368M | 389M | 356M | 547M | 537M | 384M | 423M | 342M | 385M |
| Gross Margin | N/A | 20.8% | 16.2% | 53.2% | 73.5% | 75.3% | 75.4% | 54.3% | 48.8% | 74.7% | 76.0% | 71.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | 75M | 45M | 22M | 23M | 25M | 21M | 24M | 26M | 28M | 29M | 31M | 31M |
| EBIT | N/A | -193M | -186M | -30M | 151K | -28M | -203M | 201M | 167M | -5.8M | 87M | 7.5M | 31M |
| Op. Margin | N/A | -125.3% | -137.5% | -14.1% | 0.0% | -7.3% | -57.2% | 36.8% | 31.1% | -1.5% | 20.6% | 2.2% | 7.9% |
| Net Income | N/A | -195M | -218M | -59M | -33M | -56M | -226M | 182M | 159M | -13M | 76M | -4.4M | 17M |
| Net Margin | N/A | -126.6% | -160.6% | -28.0% | -9.0% | -14.4% | -63.4% | 33.3% | 29.5% | -3.4% | 18.1% | -1.3% | 4.4% |
| Non-Recurring | 0 | 39M | 73M | 30M | 60M | 27M | -1.9M | 4.9M | 0 | 0 | 16M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | -12.5% | -13.5% | -3.9% | 0.0% | -3.8% | -18.1% | 19.3% | 15.8% | -1.2% | 8.6% | 0.7% | 2.7% |
| ROE | N/A | -18.1% | -20.4% | -5.9% | -3.2% | -5.5% | -26.2% | 21.9% | 16.8% | -1.4% | 8.3% | -0.5% | 1.9% |
| ROA | N/A | -11.2% | -13.3% | -3.8% | -2.1% | -3.5% | -16.3% | 14.9% | 13.3% | -1.1% | 7.0% | -0.4% | 1.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 0 | -56M | -52M | 24M | 66M | 60M | 37M | 231M | 189M | 92M | 127M | 32M | 45M |
| Free Cash Flow | N/A | -57M | -53M | 24M | 64M | 55M | 32M | 230M | 186M | 89M | 124M | 29M | 42M |
| Owner Earnings | -1.2M | -178M | -149M | -52M | -5.3M | -15M | -30M | 173M | 126M | 20M | 52M | -51M | -42M |
| CapEx | 0 | 770K | 329K | 290K | 1.5M | 4.7M | 4.6M | 1.6M | 3.6M | 2.7M | 3.0M | 3.2M | 2.9M |
| Maint. CapEx | 119K | 80M | 76M | 72M | 69M | 73M | 65M | 56M | 60M | 66M | 69M | 76M | 80M |
| Growth CapEx | N/A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 119K | 80M | 76M | 72M | 69M | 73M | 65M | 56M | 60M | 66M | 69M | 76M | 80M |
| CapEx/OCF | N/A | N/A | N/A | 1.2% | 2.2% | 7.9% | 12.4% | 0.7% | 1.9% | 2.9% | 2.4% | 10.0% | 6.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 21M | 9.8M | 13M | 116M | 41M | 68M | 33M | 42M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | 8.5% | 4.9% | 3.0% | 20.0% | 7.5% | 9.1% | 5.0% | 3.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.1M | 42M | 21M | 4.1M | 2.2M | 2.1M | 2.0M | 2.3M | 3.2M | 5.5M | 5.9M | 7.0M | 7.4M |
| Debt Repayment | 0 | 0 | 0 | 0 | 3.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 347M | 1.0B | 380M | 341M | 338M | 338M | 306M | 132M | 113M | 148M | 46M | 139M | 264M |
| Cash & Equiv. | 83M | 121M | 133M | 174M | 197M | 156M | 144M | 115M | 58M | 47M | 44M | 56M | 55M |
| Long-Term Debt | 396M | 579M | 508M | 491M | 469M | 413M | 359M | 238M | 165M | 190M | 82M | 189M | 319M |
| Debt/Equity | 0.41 | 1.05 | 0.50 | 0.53 | 0.51 | 0.51 | 0.60 | 0.27 | 0.18 | 0.21 | 0.10 | 0.22 | 0.36 |
| Interest Coverage | N/A | -9.6 | -6.6 | -1.0 | 0.0 | -0.9 | -9.1 | 13.1 | 18.4 | -0.7 | 6.5 | 0.6 | 2.2 |
| Equity | 1.0B | 1.1B | 1.0B | 974M | 1.1B | 978M | 745M | 917M | 967M | 913M | 927M | 896M | 885M |
| Total Assets | 1.8B | 1.7B | 1.6B | 1.5B | 1.6B | 1.5B | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | 1.1B | 1.3B |
| Total Liabilities | 460M | 609M | 539M | 546M | 574M | 550M | 488M | 286M | 206M | 227M | 128M | 240M | 365M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -182M | -377M | -595M | -654M | -687M | -743M | -969M | -787M | -628M | -641M | -565M | -569M | -560M |
| Working Capital | 66M | -435M | 144M | 165M | 169M | 96M | 134M | 133M | 89M | 122M | 57M | 63M | 80M |
| Current Assets | 130M | 173M | 173M | 217M | 270M | 223M | 247M | 175M | 125M | 157M | 98M | 109M | 121M |
| Current Liabilities | 64M | 608M | 29M | 52M | 102M | 128M | 114M | 42M | 37M | 35M | 41M | 46M | 41M |
| Per Share Data | |||||||||||||
| EPS | N/A | -59.22 | -6.01 | -1.71 | -0.86 | -1.34 | -5.38 | 4.27 | 3.70 | -0.30 | 1.75 | -0.10 | 0.39 |
| Owner EPS | -0.20 | -54.02 | -4.12 | -1.51 | -0.14 | -0.37 | -0.72 | 4.05 | 2.94 | 0.46 | 1.20 | -1.18 | -0.97 |
| Book Value | 169.67 | 336.05 | 28.40 | 28.37 | 27.50 | 23.42 | 17.77 | 21.50 | 22.57 | 21.29 | 21.23 | 20.53 | 20.32 |
| Cash Flow/Share | N/A | -17.04 | -1.44 | 0.70 | 1.72 | 1.42 | 0.88 | 5.42 | 4.42 | 2.14 | 2.91 | 0.73 | 2.21 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.50 | 0.24 | 0.32 | 2.74 | 0.95 | 1.57 | 0.75 | 0.96 |
| Shares Out. | 6.2M | 3.3M | 36.3M | 34.3M | 38.3M | 41.8M | 41.9M | 42.6M | 42.9M | 42.9M | 43.7M | 43.7M | 43.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.5 | 3.4 | N/A | 7.6 | N/A | 69.1 |
| P/FCF | N/A | N/A | N/A | 12.6 | 3.0 | 5.4 | 6.5 | 2.0 | 2.9 | 7.0 | 4.7 | 28.6 | 27.9 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.7 | 3.5 | N/A | 6.6 | 120.3 | 46.8 |
| Price/Book | 0.5 | 0.3 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 0.5 | 0.6 | 0.7 | 0.6 | 0.9 | 1.3 |
| Price/Sales | 514.2 | 9.5 | 1.1 | 1.2 | 0.9 | 0.6 | 0.6 | 0.8 | 1.1 | 1.4 | 1.8 | 1.9 | 3.0 |
| FCF Yield | N/A | -17.7% | -32.5% | 7.9% | 33.5% | 18.3% | 15.4% | 49.7% | 34.7% | 14.4% | 21.5% | 3.5% | 3.6% |
| Market Cap | 509M | 321M | 162M | 299M | 192M | 299M | 209M | 462M | 536M | 620M | 577M | 820M | 1.2B |
| Avg. Price | 116.73 | 42.65 | 4.32 | 7.15 | 8.91 | 5.86 | 4.75 | 10.48 | 13.50 | 12.76 | 17.05 | 15.05 | 26.77 |
| Year-End Price | 82.63 | 9.32 | 4.69 | 8.72 | 5.02 | 7.15 | 4.99 | 10.83 | 12.50 | 14.44 | 13.22 | 18.79 | 26.77 |
GENCO SHIPPING & TRADING LTD passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 40.4x vs a median of 5.4x. The company's 5-year average ROIC is 8.6% with a gross margin of 65.0%. Total shareholder yield (dividends) is 3.6%. At current prices, the estimated annualized return to fair value is +6.6%.
GENCO SHIPPING & TRADING LTD (GNK) has a debt-to-equity ratio of 0.22. This indicates a conservatively financed balance sheet.
GENCO SHIPPING & TRADING LTD (GNK) reported earnings per share (EPS) of $-0.10 in its most recent fiscal year.
GENCO SHIPPING & TRADING LTD (GNK) has a return on equity (ROE) of -0.5%. A negative ROE may indicate losses or negative equity.
GENCO SHIPPING & TRADING LTD (GNK) has a 5-year average gross margin of 65.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for GENCO SHIPPING & TRADING LTD (GNK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GENCO SHIPPING & TRADING LTD (GNK) has a book value per share of $20.53, based on its most recent annual SEC filing.
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