Genco Shipping & Trading Limited (GNK) 10-Year Financial Performance & Capital Metrics

GNK • • Industrial / General

IndustrialsMarine ShippingDry Bulk ShippingDry Bulk Operators

AboutGenco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to 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 December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.Show more

Revenue $423M +10.2%
EBITDA $157M +153.2%
Net Income $76M +693.6%
EPS (Diluted) 1.75 +683.3%
Gross Margin 27.58% +55.3%
EBITDA Margin 37.15% +129.7%
Operating Margin 20.58% +1450.8%
Net Margin 18.06% +638.6%
ROE 8.29% +706.5%
ROIC 6.41% +1667.5%
Debt/Equity 0.10 -54.7%
Interest Coverage 6.55 +1083.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 16.6% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.4%

5Y1.66%

3Y-8.22%

TTM-24.58%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-25.12%

TTM-110.34%

EPS CAGR

10Y-

5Y-

3Y-25.72%

TTM-110.83%

ROCE

10Y Avg-0.8%

5Y Avg4.75%

3Y Avg7.41%

Latest8.2%

Peer Comparison

Dry Bulk Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GLBSGlobus Maritime Limited	35.4M	1.72	82.30	11.74%	-16.48%	-3.41%		0.78
DSXDiana Shipping Inc.	241.98M	2.09	35.54	-12.93%	11.18%	4.89%	24.5%	1.26
HSHPHimalaya Shipping Ltd.	421.25M	9.03	18.81	236.4%	4.39%	3.28%		4.61
GNKGenco Shipping & Trading Limited	859.67M	19.88	11.36	10.21%	-2.14%	-0.8%	8.16%	0.10
PANLPangaea Logistics Solutions, Ltd.	455.47M	7.01	11.13	7.46%	2.67%	3.42%		0.84
SBLKStar Bulk Carriers Corp.	2.38B	20.90	7.46	33.31%	5.85%	2.54%	17.33%	0.59
SBSafe Bulkers, Inc.	533.13M	5.21	6.28	8.17%	16.78%	5.58%		0.65
SHIPSeanergy Maritime Holdings Corp.	199.32M	9.44	4.47	51.91%	10.23%	5.86%	0.47%	0.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	153.96M	135.59M	209.7M	367.52M	389.5M	355.56M	547.13M	536.93M	383.82M	423.02M
Revenue Growth %	-0.32%	-0.12%	0.55%	0.75%	0.06%	-0.09%	0.54%	-0.02%	-0.29%	0.1%
Cost of Goods Sold+	221.82M	203.19M	195.18M	282.79M	358.25M	319.88M	320.87M	340.68M	315.66M	306.33M
COGS % of Revenue	1.44%	1.5%	0.93%	0.77%	0.92%	0.9%	0.59%	0.63%	0.82%	0.72%
Gross Profit+	-67.86M	-67.61M	14.52M	84.73M	31.24M	35.68M	226.26M	196.26M	68.16M	116.68M
Gross Margin %	-0.44%	-0.5%	0.07%	0.23%	0.08%	0.1%	0.41%	0.37%	0.18%	0.28%
Gross Profit Growth %	-1.31%	0%	1.21%	4.84%	-0.63%	0.14%	5.34%	-0.13%	-0.65%	0.71%
Operating Expenses+	83.9M	31.87M	29.85M	31.14M	59.64M	239.02M	25.14M	29.02M	74.01M	29.63M
OpEx % of Revenue	0.54%	0.24%	0.14%	0.08%	0.15%	0.67%	0.05%	0.05%	0.19%	0.07%
Selling, General & Admin	83.9M	23.89M	22.19M	23.14M	24.52M	21.27M	24.45M	25.71M	28.27M	29.14M
SG&A % of Revenue	0.54%	0.18%	0.11%	0.06%	0.06%	0.06%	0.04%	0.05%	0.07%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-796K	-20.04M	-164K	367K	35.13M	217.75M	688K	3.31M	45.74M	498K
Operating Income+	-192.87M	-185.88M	-29.61M	516K	-28.4M	-203.34M	201.12M	167.24M	-5.85M	87.05M
Operating Margin %	-1.25%	-1.37%	-0.14%	0%	-0.07%	-0.57%	0.37%	0.31%	-0.02%	0.21%
Operating Income Growth %	-1592.94%	0.04%	0.84%	1.02%	-56.04%	-6.16%	1.99%	-0.17%	-1.03%	15.89%
EBITDA+	-113.31M	-109.55M	42.16M	69.49M	45.67M	-136.81M	258.73M	228.84M	62.07M	157.15M
EBITDA Margin %	-0.74%	-0.81%	0.2%	0.19%	0.12%	-0.38%	0.47%	0.43%	0.16%	0.37%
EBITDA Growth %	-2.01%	0.03%	1.38%	0.65%	-0.34%	-4%	2.89%	-0.12%	-0.73%	1.53%
D&A (Non-Cash Add-back)	79.56M	76.33M	71.78M	68.98M	74.07M	66.53M	57.62M	61.61M	67.92M	70.1M
EBIT	-232.51M	-188.59M	-28.23M	151K	-24.03M	-203.16M	197.4M	168.46M	-3.58M	89.79M
Net Interest Income+	-19.92M	-28.25M	-28.95M	-29.29M	-27.86M	-21.39M	-15.2M	-8.05M	-6.11M	-10.32M
Interest Income	110K	204K	1.55M	3.8M	4.09M	1.03M	154K	1.04M	2.67M	2.98M
Interest Expense	20.03M	28.45M	30.5M	33.09M	31.95M	22.41M	15.36M	9.09M	8.78M	13.3M
Other Income/Expense	-59.68M	-30.57M	-29.11M	-33.46M	-27.58M	-22.24M	-19.07M	-7.87M	-6.51M	-10.55M
Pretax Income+	-252.55M	-216.45M	-58.73M	-32.94M	-55.98M	-225.57M	182.04M	159.36M	-12.36M	76.5M
Pretax Margin %	-1.64%	-1.6%	-0.28%	-0.09%	-0.14%	-0.63%	0.33%	0.3%	-0.03%	0.18%
Income Tax+	1.82M	709K	0	0	0	0	0	0	0	0
Effective Tax Rate %	0.77%	1%	1%	1%	1%	1%	1%	1%	1.04%	1%
Net Income+	-194.9M	-217.16M	-58.73M	-32.94M	-55.98M	-225.57M	182.01M	158.58M	-12.87M	76.4M
Net Margin %	-1.27%	-1.6%	-0.28%	-0.09%	-0.14%	-0.63%	0.33%	0.3%	-0.03%	0.18%
Net Income Growth %	-0.32%	-0.11%	0.73%	0.44%	-0.7%	-3.03%	1.81%	-0.13%	-1.08%	6.94%
Net Income (Continuing)	-254.37M	-217.76M	-58.73M	-32.94M	-55.98M	-225.57M	182.04M	159.36M	-12.36M	76.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	88K	876K	1.39M	1.49M
EPS (Diluted)+	-29.61	-29.95	-1.71	-0.86	-2.12	-5.90	4.27	3.70	-0.30	1.75
EPS Growth %	-0.32%	-0.01%	0.94%	0.5%	-1.47%	-1.78%	1.72%	-0.13%	-1.08%	6.83%
EPS (Basic)	-29.61	-29.95	-1.71	-0.86	-2.12	-5.90	4.33	3.74	-0.30	1.77
Diluted Shares Outstanding	6.58M	7.25M	34.24M	38.38M	41.76M	41.91M	42.59M	42.92M	42.77M	43.65M
Basic Shares Outstanding	6.58M	7.25M	34.24M	38.3M	41.76M	41.91M	42.06M	42.41M	42.77M	43.05M
Dividend Payout Ratio	-	-	-	-	-	-	0.07%	0.73%	-	0.88%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	172.53M	172.6M	217.24M	270.45M	223.19M	247.2M	174.83M	125.43M	157.27M	97.99M
Cash & Short-Term Investments	121.07M	133.4M	174.48M	197.5M	155.89M	143.87M	114.57M	58.14M	46.54M	43.69M
Cash Only	121.07M	133.4M	174.48M	197.5M	155.89M	143.87M	114.57M	58.14M	46.54M	43.69M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.32M	11.4M	12.86M	22.31M	15.74M	14.91M	22.46M	26.51M	19.22M	22.07M
Days Sales Outstanding	31.59	30.7	22.38	22.15	14.75	15.3	14.99	18.02	18.27	19.05
Inventory	10.48M	9.63M	15.97M	29.55M	27.21M	21.58M	24.56M	21.6M	26.75M	22.23M
Days Inventory Outstanding	17.24	17.31	29.87	38.14	27.72	24.63	27.94	23.14	30.93	26.49
Other Current Assets	23.74M	15.62M	13.12M	17.67M	20.33M	62.38M	9.29M	15.61M	58.77M	3.16M
Total Non-Current Assets+	1.55B	1.4B	1.3B	1.36B	1.31B	985.61M	1.03B	1.05B	984.63M	958.61M
Property, Plant & Equipment	1.51B	1.36B	1.27B	1.35B	1.29B	970.6M	1.01B	1.02B	954.81M	928.56M
Fixed Asset Turnover	0.10x	0.10x	0.17x	0.27x	0.30x	0.37x	0.54x	0.53x	0.40x	0.46x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	12.33M	27.43M	23.23M	315K	0	0	0	0	0	0
Other Non-Current Assets	29.71M	13.15M	13.9M	9.54M	17.62M	15M	15.76M	32.99M	29.82M	30.05M
Total Assets+	1.72B	1.57B	1.52B	1.63B	1.53B	1.23B	1.2B	1.17B	1.14B	1.06B
Asset Turnover	0.09x	0.09x	0.14x	0.23x	0.25x	0.29x	0.45x	0.46x	0.34x	0.40x
Asset Growth %	-0.02%	-0.09%	-0.03%	0.07%	-0.06%	-0.19%	-0.02%	-0.02%	-0.03%	-0.07%
Total Current Liabilities+	616.96M	28.95M	52.45M	101.87M	127.66M	113.62M	41.9M	36.54M	35.29M	40.66M
Accounts Payable	8.27M	6.7M	9.86M	15.11M	26.04M	11.86M	9.4M	16.16M	10.65M	17.48M
Days Payables Outstanding	13.61	12.04	18.44	19.5	26.53	13.54	10.69	17.32	12.31	20.83
Short-Term Debt	579.02M	4.58M	24.5M	66.32M	69.75M	80.64M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	0.28x	5.96x	4.14x	2.65x	1.75x	2.18x	4.17x	3.43x	4.46x	2.41x
Quick Ratio	0.26x	5.63x	3.84x	2.36x	1.54x	1.99x	3.59x	2.84x	3.70x	1.86x
Cash Conversion Cycle	35.22	35.96	33.81	40.79	15.94	26.39	32.24	23.85	36.89	24.71
Total Non-Current Liabilities+	1.15M	510.31M	493.48M	472.3M	422.81M	374.19M	244.43M	169.02M	191.97M	87.71M
Long-Term Debt	0	508.44M	490.89M	468.83M	412.98M	358.93M	238.23M	164.92M	190.17M	82.17M
Capital Lease Obligations	1.15M	1.87M	2.59M	0	9.83M	8.06M	6.2M	4.1M	1.8M	5.54M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	3.47M	0	0	0	0	0	0
Total Liabilities	1.72B	538.66M	545.93M	574.16M	550.46M	487.81M	286.33M	205.56M	227.26M	128.37M
Total Debt+	589.58M	514.89M	517.98M	538.62M	494.23M	449.4M	246.29M	171.12M	194.26M	89.22M
Net Debt	468.51M	381.49M	343.5M	341.12M	338.34M	305.53M	131.72M	112.98M	147.72M	45.53M
Debt / Equity	0.53x	0.50x	0.53x	0.51x	0.51x	0.60x	0.27x	0.18x	0.21x	0.10x
Debt / EBITDA	-	-	12.29x	7.75x	10.82x	-	0.95x	0.75x	3.13x	0.57x
Net Debt / EBITDA	-	-	8.15x	4.91x	7.41x	-	0.51x	0.49x	2.38x	0.29x
Interest Coverage	-9.63x	-6.53x	-0.97x	0.02x	-0.89x	-9.07x	13.10x	18.39x	-0.67x	6.55x
Total Equity+	1.11B	1.03B	975.03M	1.05B	978.43M	744.99M	916.67M	968.31M	914.65M	928.23M
Equity Growth %	-0.14%	-0.07%	-0.05%	0.08%	-0.07%	-0.24%	0.23%	0.06%	-0.06%	0.01%
Book Value per Share	168.00	142.09	28.47	27.44	23.43	17.78	21.52	22.56	21.39	21.27
Total Shareholders' Equity	1.11B	1.03B	975.03M	1.05B	978.43M	744.99M	916.59M	967.43M	913.26M	926.74M
Common Stock	728K	74K	345K	416K	417K	418K	419K	423K	425K	427K
Retained Earnings	-377.19M	-594.95M	-653.67M	-687.27M	-743.26M	-968.83M	-786.82M	-628.25M	-641.12M	-564.72M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-21K	-163.81M	-214.43M	-245.81M	0	0	825K	6.48M	527K	0
Minority Interest	0	0	0	0	0	0	88K	876K	1.39M	1.49M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-56.09M	-49.98M	26.52M	65.91M	59.53M	36.9M	231.12M	189.32M	91.78M	126.85M
Operating CF Margin %	-0.36%	-0.37%	0.13%	0.18%	0.15%	0.1%	0.42%	0.35%	0.24%	0.3%
Operating CF Growth %	0.07%	0.11%	1.53%	1.49%	-0.1%	-0.38%	5.26%	-0.18%	-0.52%	0.38%
Net Income	-254.37M	-217.76M	-58.73M	-32.94M	-55.98M	-225.57M	182.04M	159.36M	-12.87M	76.4M
Depreciation & Amortization	79.56M	76.33M	71.78M	68.98M	74.07M	66.53M	57.62M	61.61M	67.92M	70.1M
Stock-Based Compensation	42.14M	20.68M	4.05M	2.23M	0	2.03M	2.27M	3.24M	5.53M	0
Deferred Taxes	79.39M	67.73M	14.28M	52.27M	0	0	-319K	0	0	0
Other Non-Cash Items	-10.44M	1.5M	-915K	1.16M	34.12M	206.76M	-4.9M	-23.2M	34.13M	-857K
Working Capital Changes	7.64M	1.54M	-3.96M	-25.79M	7.32M	-12.84M	-5.59M	-11.69M	-2.92M	-18.8M
Change in Receivables	4.15M	213K	-2.48M	-10.1M	8.61M	710K	-7.13M	-5.22M	7.52M	-3.56M
Change in Inventory	1.18M	5.49M	-6.92M	-14.21M	2.34M	5.63M	-2.98M	2.96M	-5.15M	4.51M
Change in Payables	1.88M	-5.31M	1.49M	2.57M	13.17M	-17.36M	5.41M	-2.13M	-2.21M	9.61M
Cash from Investing+	-56.77M	6.87M	14.96M	-195.38M	-22.85M	37.44M	-67.57M	-55.02M	-91.62M	47.85M
Capital Expenditures	-67.36M	-787K	-552K	-243.33M	-50.42M	-20.04M	-117.46M	-56.04M	-94.01M	-56.68M
CapEx % of Revenue	0.44%	0.01%	0%	0.66%	0.13%	0.06%	0.21%	0.1%	0.24%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	9.88M	-2.83M	15.51M	47.96M	612K	57.48M	418K	1.02M	2.39M	1.15M
Cash from Financing+	150.52M	55.44M	-5.6M	127.28M	-77.19M	-56.91M	-222.69M	-190.74M	-17.4M	-177.55M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-20.88M	-9.85M	-13.46M	-115.73M	-40.91M	-67.51M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-7.78M	120.29M	-1.1M	94.95M	0	-462K	-6M	-11K	-5.49M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-123.45M	-50.77M	25.96M	-177.43M	9.1M	16.86M	113.66M	133.28M	-2.23M	70.17M
FCF Margin %	-0.8%	-0.37%	0.12%	-0.48%	0.02%	0.05%	0.21%	0.25%	-0.01%	0.17%
FCF Growth %	-0.07%	0.59%	1.51%	-7.83%	1.05%	0.85%	5.74%	0.17%	-1.02%	32.5%
FCF per Share	-18.75	-7.00	0.76	-4.62	0.22	0.40	2.67	3.11	-0.05	1.61
FCF Conversion (FCF/Net Income)	0.29x	0.23x	-0.45x	-2.00x	-1.06x	-0.16x	1.27x	1.19x	-7.13x	1.66x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-16.25%	-20.33%	-5.86%	-3.25%	-5.51%	-26.18%	21.91%	16.83%	-1.37%	8.29%
Return on Invested Capital (ROIC)	-9%	-9.34%	-1.63%	0.03%	-1.57%	-12.88%	14.37%	11.78%	-0.41%	6.41%
Gross Margin	-44.08%	-49.86%	6.92%	23.05%	8.02%	10.03%	41.35%	36.55%	17.76%	27.58%
Net Margin	-126.59%	-160.16%	-28%	-8.96%	-14.37%	-63.44%	33.27%	29.53%	-3.35%	18.06%
Debt / Equity	0.53x	0.50x	0.53x	0.51x	0.51x	0.60x	0.27x	0.18x	0.21x	0.10x
Interest Coverage	-9.63x	-6.53x	-0.97x	0.02x	-0.89x	-9.07x	13.10x	18.39x	-0.67x	6.55x
FCF Conversion	0.29x	0.23x	-0.45x	-2.00x	-1.06x	-0.16x	1.27x	1.19x	-7.13x	1.66x
Revenue Growth	-32.31%	-11.93%	54.66%	75.26%	5.98%	-8.71%	53.88%	-1.86%	-28.52%	10.21%

Revenue by Segment

	2013	2015	2016	2018	2019	2020	2021	2022	2023	2024
Cargo and Freight	-	-	-	-	-	-	-	-	-	423.02M
Cargo and Freight Growth	-	-	-	-	-	-	-	-	-	-
Voyage	-	-	-	-	-	-	547.13M	536.93M	383.82M	-
Voyage Growth	-	-	-	-	-	-	-	-1.86%	-28.52%	-
Cargo And Freight	-	-	-	367.52M	389.5M	355.56M	-	-	-	-
Cargo And Freight Growth	-	-	-	-	5.98%	-8.71%	-	-	-	-
Profit Sharing	-	-	-	-	-	-	-	-	-	-
Profit Sharing Growth	-	-	-	-	-	-	-	-	-	-
Time Charter	-	-	-	168.45M	-	-	-	-	-	-
Time Charter Growth	-	-	-	-	-	-	-	-	-	-
Vessel Management Services	-	6.41M	2.34M	-	-	-	-	-	-	-
Vessel Management Services Growth	-	-	-63.49%	-	-	-	-	-	-	-
Operatings	224.18M	-	-	-	-	-	-	-	-	-
Operatings Growth	-	-	-	-	-	-	-	-	-	-
Genco Shipping and Trading	188.21M	-	-	-	-	-	-	-	-	-
Genco Shipping and Trading Growth	-	-	-	-	-	-	-	-	-	-
Baltic Trading	35.97M	-	-	-	-	-	-	-	-	-
Baltic Trading Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	4.57M	-	-	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Genco Shipping & Trading Limited (GNK) has a price-to-earnings (P/E) ratio of 11.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Genco Shipping & Trading Limited (GNK) reported $331.3M in revenue for fiscal year 2024. This represents a 16% decrease from $392.2M in 2011.

Genco Shipping & Trading Limited (GNK) grew revenue by 10.2% over the past year. This is steady growth.

Genco Shipping & Trading Limited (GNK) reported a net loss of $7.1M for fiscal year 2024.

Dividend & Returns

Yes, Genco Shipping & Trading Limited (GNK) pays a dividend with a yield of 7.78%. This makes it attractive for income-focused investors.

Genco Shipping & Trading Limited (GNK) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Genco Shipping & Trading Limited (GNK) had negative free cash flow of $17.3M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Genco Shipping & Trading Limited (GNK) 10-Year Financial Performance & Capital Metrics

GNK • • Industrial / General

IndustrialsMarine ShippingDry Bulk ShippingDry Bulk Operators

Revenue $423M +10.2%
EBITDA $157M +153.2%
Net Income $76M +693.6%
EPS (Diluted) 1.75 +683.3%
Gross Margin 27.58% +55.3%
EBITDA Margin 37.15% +129.7%
Operating Margin 20.58% +1450.8%
Net Margin 18.06% +638.6%
ROE 8.29% +706.5%
ROIC 6.41% +1667.5%
Debt/Equity 0.10 -54.7%
Interest Coverage 6.55 +1083.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 16.6% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.4%

5Y1.66%

3Y-8.22%

TTM-24.58%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-25.12%

TTM-110.34%

EPS CAGR

10Y-

5Y-

3Y-25.72%

TTM-110.83%

ROCE

10Y Avg-0.8%

5Y Avg4.75%

3Y Avg7.41%

Latest8.2%

Peer Comparison

Dry Bulk Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GLBSGlobus Maritime Limited	35.4M	1.72	82.30	11.74%	-16.48%	-3.41%		0.78
DSXDiana Shipping Inc.	241.98M	2.09	35.54	-12.93%	11.18%	4.89%	24.5%	1.26
HSHPHimalaya Shipping Ltd.	421.25M	9.03	18.81	236.4%	4.39%	3.28%		4.61
GNKGenco Shipping & Trading Limited	859.67M	19.88	11.36	10.21%	-2.14%	-0.8%	8.16%	0.10
PANLPangaea Logistics Solutions, Ltd.	455.47M	7.01	11.13	7.46%	2.67%	3.42%		0.84
SBLKStar Bulk Carriers Corp.	2.38B	20.90	7.46	33.31%	5.85%	2.54%	17.33%	0.59
SBSafe Bulkers, Inc.	533.13M	5.21	6.28	8.17%	16.78%	5.58%		0.65
SHIPSeanergy Maritime Holdings Corp.	199.32M	9.44	4.47	51.91%	10.23%	5.86%	0.47%	0.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	153.96M	135.59M	209.7M	367.52M	389.5M	355.56M	547.13M	536.93M	383.82M	423.02M
Revenue Growth %	-0.32%	-0.12%	0.55%	0.75%	0.06%	-0.09%	0.54%	-0.02%	-0.29%	0.1%
Cost of Goods Sold+	221.82M	203.19M	195.18M	282.79M	358.25M	319.88M	320.87M	340.68M	315.66M	306.33M
COGS % of Revenue	1.44%	1.5%	0.93%	0.77%	0.92%	0.9%	0.59%	0.63%	0.82%	0.72%
Gross Profit+	-67.86M	-67.61M	14.52M	84.73M	31.24M	35.68M	226.26M	196.26M	68.16M	116.68M
Gross Margin %	-0.44%	-0.5%	0.07%	0.23%	0.08%	0.1%	0.41%	0.37%	0.18%	0.28%
Gross Profit Growth %	-1.31%	0%	1.21%	4.84%	-0.63%	0.14%	5.34%	-0.13%	-0.65%	0.71%
Operating Expenses+	83.9M	31.87M	29.85M	31.14M	59.64M	239.02M	25.14M	29.02M	74.01M	29.63M
OpEx % of Revenue	0.54%	0.24%	0.14%	0.08%	0.15%	0.67%	0.05%	0.05%	0.19%	0.07%
Selling, General & Admin	83.9M	23.89M	22.19M	23.14M	24.52M	21.27M	24.45M	25.71M	28.27M	29.14M
SG&A % of Revenue	0.54%	0.18%	0.11%	0.06%	0.06%	0.06%	0.04%	0.05%	0.07%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-796K	-20.04M	-164K	367K	35.13M	217.75M	688K	3.31M	45.74M	498K
Operating Income+	-192.87M	-185.88M	-29.61M	516K	-28.4M	-203.34M	201.12M	167.24M	-5.85M	87.05M
Operating Margin %	-1.25%	-1.37%	-0.14%	0%	-0.07%	-0.57%	0.37%	0.31%	-0.02%	0.21%
Operating Income Growth %	-1592.94%	0.04%	0.84%	1.02%	-56.04%	-6.16%	1.99%	-0.17%	-1.03%	15.89%
EBITDA+	-113.31M	-109.55M	42.16M	69.49M	45.67M	-136.81M	258.73M	228.84M	62.07M	157.15M
EBITDA Margin %	-0.74%	-0.81%	0.2%	0.19%	0.12%	-0.38%	0.47%	0.43%	0.16%	0.37%
EBITDA Growth %	-2.01%	0.03%	1.38%	0.65%	-0.34%	-4%	2.89%	-0.12%	-0.73%	1.53%
D&A (Non-Cash Add-back)	79.56M	76.33M	71.78M	68.98M	74.07M	66.53M	57.62M	61.61M	67.92M	70.1M
EBIT	-232.51M	-188.59M	-28.23M	151K	-24.03M	-203.16M	197.4M	168.46M	-3.58M	89.79M
Net Interest Income+	-19.92M	-28.25M	-28.95M	-29.29M	-27.86M	-21.39M	-15.2M	-8.05M	-6.11M	-10.32M
Interest Income	110K	204K	1.55M	3.8M	4.09M	1.03M	154K	1.04M	2.67M	2.98M
Interest Expense	20.03M	28.45M	30.5M	33.09M	31.95M	22.41M	15.36M	9.09M	8.78M	13.3M
Other Income/Expense	-59.68M	-30.57M	-29.11M	-33.46M	-27.58M	-22.24M	-19.07M	-7.87M	-6.51M	-10.55M
Pretax Income+	-252.55M	-216.45M	-58.73M	-32.94M	-55.98M	-225.57M	182.04M	159.36M	-12.36M	76.5M
Pretax Margin %	-1.64%	-1.6%	-0.28%	-0.09%	-0.14%	-0.63%	0.33%	0.3%	-0.03%	0.18%
Income Tax+	1.82M	709K	0	0	0	0	0	0	0	0
Effective Tax Rate %	0.77%	1%	1%	1%	1%	1%	1%	1%	1.04%	1%
Net Income+	-194.9M	-217.16M	-58.73M	-32.94M	-55.98M	-225.57M	182.01M	158.58M	-12.87M	76.4M
Net Margin %	-1.27%	-1.6%	-0.28%	-0.09%	-0.14%	-0.63%	0.33%	0.3%	-0.03%	0.18%
Net Income Growth %	-0.32%	-0.11%	0.73%	0.44%	-0.7%	-3.03%	1.81%	-0.13%	-1.08%	6.94%
Net Income (Continuing)	-254.37M	-217.76M	-58.73M	-32.94M	-55.98M	-225.57M	182.04M	159.36M	-12.36M	76.5M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	88K	876K	1.39M	1.49M
EPS (Diluted)+	-29.61	-29.95	-1.71	-0.86	-2.12	-5.90	4.27	3.70	-0.30	1.75
EPS Growth %	-0.32%	-0.01%	0.94%	0.5%	-1.47%	-1.78%	1.72%	-0.13%	-1.08%	6.83%
EPS (Basic)	-29.61	-29.95	-1.71	-0.86	-2.12	-5.90	4.33	3.74	-0.30	1.77
Diluted Shares Outstanding	6.58M	7.25M	34.24M	38.38M	41.76M	41.91M	42.59M	42.92M	42.77M	43.65M
Basic Shares Outstanding	6.58M	7.25M	34.24M	38.3M	41.76M	41.91M	42.06M	42.41M	42.77M	43.05M
Dividend Payout Ratio	-	-	-	-	-	-	0.07%	0.73%	-	0.88%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	172.53M	172.6M	217.24M	270.45M	223.19M	247.2M	174.83M	125.43M	157.27M	97.99M
Cash & Short-Term Investments	121.07M	133.4M	174.48M	197.5M	155.89M	143.87M	114.57M	58.14M	46.54M	43.69M
Cash Only	121.07M	133.4M	174.48M	197.5M	155.89M	143.87M	114.57M	58.14M	46.54M	43.69M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.32M	11.4M	12.86M	22.31M	15.74M	14.91M	22.46M	26.51M	19.22M	22.07M
Days Sales Outstanding	31.59	30.7	22.38	22.15	14.75	15.3	14.99	18.02	18.27	19.05
Inventory	10.48M	9.63M	15.97M	29.55M	27.21M	21.58M	24.56M	21.6M	26.75M	22.23M
Days Inventory Outstanding	17.24	17.31	29.87	38.14	27.72	24.63	27.94	23.14	30.93	26.49
Other Current Assets	23.74M	15.62M	13.12M	17.67M	20.33M	62.38M	9.29M	15.61M	58.77M	3.16M
Total Non-Current Assets+	1.55B	1.4B	1.3B	1.36B	1.31B	985.61M	1.03B	1.05B	984.63M	958.61M
Property, Plant & Equipment	1.51B	1.36B	1.27B	1.35B	1.29B	970.6M	1.01B	1.02B	954.81M	928.56M
Fixed Asset Turnover	0.10x	0.10x	0.17x	0.27x	0.30x	0.37x	0.54x	0.53x	0.40x	0.46x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	12.33M	27.43M	23.23M	315K	0	0	0	0	0	0
Other Non-Current Assets	29.71M	13.15M	13.9M	9.54M	17.62M	15M	15.76M	32.99M	29.82M	30.05M
Total Assets+	1.72B	1.57B	1.52B	1.63B	1.53B	1.23B	1.2B	1.17B	1.14B	1.06B
Asset Turnover	0.09x	0.09x	0.14x	0.23x	0.25x	0.29x	0.45x	0.46x	0.34x	0.40x
Asset Growth %	-0.02%	-0.09%	-0.03%	0.07%	-0.06%	-0.19%	-0.02%	-0.02%	-0.03%	-0.07%
Total Current Liabilities+	616.96M	28.95M	52.45M	101.87M	127.66M	113.62M	41.9M	36.54M	35.29M	40.66M
Accounts Payable	8.27M	6.7M	9.86M	15.11M	26.04M	11.86M	9.4M	16.16M	10.65M	17.48M
Days Payables Outstanding	13.61	12.04	18.44	19.5	26.53	13.54	10.69	17.32	12.31	20.83
Short-Term Debt	579.02M	4.58M	24.5M	66.32M	69.75M	80.64M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	0	0	0	0	0	0	0
Current Ratio	0.28x	5.96x	4.14x	2.65x	1.75x	2.18x	4.17x	3.43x	4.46x	2.41x
Quick Ratio	0.26x	5.63x	3.84x	2.36x	1.54x	1.99x	3.59x	2.84x	3.70x	1.86x
Cash Conversion Cycle	35.22	35.96	33.81	40.79	15.94	26.39	32.24	23.85	36.89	24.71
Total Non-Current Liabilities+	1.15M	510.31M	493.48M	472.3M	422.81M	374.19M	244.43M	169.02M	191.97M	87.71M
Long-Term Debt	0	508.44M	490.89M	468.83M	412.98M	358.93M	238.23M	164.92M	190.17M	82.17M
Capital Lease Obligations	1.15M	1.87M	2.59M	0	9.83M	8.06M	6.2M	4.1M	1.8M	5.54M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	3.47M	0	0	0	0	0	0
Total Liabilities	1.72B	538.66M	545.93M	574.16M	550.46M	487.81M	286.33M	205.56M	227.26M	128.37M
Total Debt+	589.58M	514.89M	517.98M	538.62M	494.23M	449.4M	246.29M	171.12M	194.26M	89.22M
Net Debt	468.51M	381.49M	343.5M	341.12M	338.34M	305.53M	131.72M	112.98M	147.72M	45.53M
Debt / Equity	0.53x	0.50x	0.53x	0.51x	0.51x	0.60x	0.27x	0.18x	0.21x	0.10x
Debt / EBITDA	-	-	12.29x	7.75x	10.82x	-	0.95x	0.75x	3.13x	0.57x
Net Debt / EBITDA	-	-	8.15x	4.91x	7.41x	-	0.51x	0.49x	2.38x	0.29x
Interest Coverage	-9.63x	-6.53x	-0.97x	0.02x	-0.89x	-9.07x	13.10x	18.39x	-0.67x	6.55x
Total Equity+	1.11B	1.03B	975.03M	1.05B	978.43M	744.99M	916.67M	968.31M	914.65M	928.23M
Equity Growth %	-0.14%	-0.07%	-0.05%	0.08%	-0.07%	-0.24%	0.23%	0.06%	-0.06%	0.01%
Book Value per Share	168.00	142.09	28.47	27.44	23.43	17.78	21.52	22.56	21.39	21.27
Total Shareholders' Equity	1.11B	1.03B	975.03M	1.05B	978.43M	744.99M	916.59M	967.43M	913.26M	926.74M
Common Stock	728K	74K	345K	416K	417K	418K	419K	423K	425K	427K
Retained Earnings	-377.19M	-594.95M	-653.67M	-687.27M	-743.26M	-968.83M	-786.82M	-628.25M	-641.12M	-564.72M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-21K	-163.81M	-214.43M	-245.81M	0	0	825K	6.48M	527K	0
Minority Interest	0	0	0	0	0	0	88K	876K	1.39M	1.49M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-56.09M	-49.98M	26.52M	65.91M	59.53M	36.9M	231.12M	189.32M	91.78M	126.85M
Operating CF Margin %	-0.36%	-0.37%	0.13%	0.18%	0.15%	0.1%	0.42%	0.35%	0.24%	0.3%
Operating CF Growth %	0.07%	0.11%	1.53%	1.49%	-0.1%	-0.38%	5.26%	-0.18%	-0.52%	0.38%
Net Income	-254.37M	-217.76M	-58.73M	-32.94M	-55.98M	-225.57M	182.04M	159.36M	-12.87M	76.4M
Depreciation & Amortization	79.56M	76.33M	71.78M	68.98M	74.07M	66.53M	57.62M	61.61M	67.92M	70.1M
Stock-Based Compensation	42.14M	20.68M	4.05M	2.23M	0	2.03M	2.27M	3.24M	5.53M	0
Deferred Taxes	79.39M	67.73M	14.28M	52.27M	0	0	-319K	0	0	0
Other Non-Cash Items	-10.44M	1.5M	-915K	1.16M	34.12M	206.76M	-4.9M	-23.2M	34.13M	-857K
Working Capital Changes	7.64M	1.54M	-3.96M	-25.79M	7.32M	-12.84M	-5.59M	-11.69M	-2.92M	-18.8M
Change in Receivables	4.15M	213K	-2.48M	-10.1M	8.61M	710K	-7.13M	-5.22M	7.52M	-3.56M
Change in Inventory	1.18M	5.49M	-6.92M	-14.21M	2.34M	5.63M	-2.98M	2.96M	-5.15M	4.51M
Change in Payables	1.88M	-5.31M	1.49M	2.57M	13.17M	-17.36M	5.41M	-2.13M	-2.21M	9.61M
Cash from Investing+	-56.77M	6.87M	14.96M	-195.38M	-22.85M	37.44M	-67.57M	-55.02M	-91.62M	47.85M
Capital Expenditures	-67.36M	-787K	-552K	-243.33M	-50.42M	-20.04M	-117.46M	-56.04M	-94.01M	-56.68M
CapEx % of Revenue	0.44%	0.01%	0%	0.66%	0.13%	0.06%	0.21%	0.1%	0.24%	0.13%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	9.88M	-2.83M	15.51M	47.96M	612K	57.48M	418K	1.02M	2.39M	1.15M
Cash from Financing+	150.52M	55.44M	-5.6M	127.28M	-77.19M	-56.91M	-222.69M	-190.74M	-17.4M	-177.55M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-20.88M	-9.85M	-13.46M	-115.73M	-40.91M	-67.51M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-7.78M	120.29M	-1.1M	94.95M	0	-462K	-6M	-11K	-5.49M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-123.45M	-50.77M	25.96M	-177.43M	9.1M	16.86M	113.66M	133.28M	-2.23M	70.17M
FCF Margin %	-0.8%	-0.37%	0.12%	-0.48%	0.02%	0.05%	0.21%	0.25%	-0.01%	0.17%
FCF Growth %	-0.07%	0.59%	1.51%	-7.83%	1.05%	0.85%	5.74%	0.17%	-1.02%	32.5%
FCF per Share	-18.75	-7.00	0.76	-4.62	0.22	0.40	2.67	3.11	-0.05	1.61
FCF Conversion (FCF/Net Income)	0.29x	0.23x	-0.45x	-2.00x	-1.06x	-0.16x	1.27x	1.19x	-7.13x	1.66x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-16.25%	-20.33%	-5.86%	-3.25%	-5.51%	-26.18%	21.91%	16.83%	-1.37%	8.29%
Return on Invested Capital (ROIC)	-9%	-9.34%	-1.63%	0.03%	-1.57%	-12.88%	14.37%	11.78%	-0.41%	6.41%
Gross Margin	-44.08%	-49.86%	6.92%	23.05%	8.02%	10.03%	41.35%	36.55%	17.76%	27.58%
Net Margin	-126.59%	-160.16%	-28%	-8.96%	-14.37%	-63.44%	33.27%	29.53%	-3.35%	18.06%
Debt / Equity	0.53x	0.50x	0.53x	0.51x	0.51x	0.60x	0.27x	0.18x	0.21x	0.10x
Interest Coverage	-9.63x	-6.53x	-0.97x	0.02x	-0.89x	-9.07x	13.10x	18.39x	-0.67x	6.55x
FCF Conversion	0.29x	0.23x	-0.45x	-2.00x	-1.06x	-0.16x	1.27x	1.19x	-7.13x	1.66x
Revenue Growth	-32.31%	-11.93%	54.66%	75.26%	5.98%	-8.71%	53.88%	-1.86%	-28.52%	10.21%

Revenue by Segment

	2013	2015	2016	2018	2019	2020	2021	2022	2023	2024
Cargo and Freight	-	-	-	-	-	-	-	-	-	423.02M
Cargo and Freight Growth	-	-	-	-	-	-	-	-	-	-
Voyage	-	-	-	-	-	-	547.13M	536.93M	383.82M	-
Voyage Growth	-	-	-	-	-	-	-	-1.86%	-28.52%	-
Cargo And Freight	-	-	-	367.52M	389.5M	355.56M	-	-	-	-
Cargo And Freight Growth	-	-	-	-	5.98%	-8.71%	-	-	-	-
Profit Sharing	-	-	-	-	-	-	-	-	-	-
Profit Sharing Growth	-	-	-	-	-	-	-	-	-	-
Time Charter	-	-	-	168.45M	-	-	-	-	-	-
Time Charter Growth	-	-	-	-	-	-	-	-	-	-
Vessel Management Services	-	6.41M	2.34M	-	-	-	-	-	-	-
Vessel Management Services Growth	-	-	-63.49%	-	-	-	-	-	-	-
Operatings	224.18M	-	-	-	-	-	-	-	-	-
Operatings Growth	-	-	-	-	-	-	-	-	-	-
Genco Shipping and Trading	188.21M	-	-	-	-	-	-	-	-	-
Genco Shipping and Trading Growth	-	-	-	-	-	-	-	-	-	-
Baltic Trading	35.97M	-	-	-	-	-	-	-	-	-
Baltic Trading Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	4.57M	-	-	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Genco Shipping & Trading Limited (GNK) has a price-to-earnings (P/E) ratio of 11.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Genco Shipping & Trading Limited (GNK) reported $331.3M in revenue for fiscal year 2024. This represents a 16% decrease from $392.2M in 2011.

Genco Shipping & Trading Limited (GNK) grew revenue by 10.2% over the past year. This is steady growth.

Genco Shipping & Trading Limited (GNK) reported a net loss of $7.1M for fiscal year 2024.

Dividend & Returns

Yes, Genco Shipping & Trading Limited (GNK) pays a dividend with a yield of 7.78%. This makes it attractive for income-focused investors.

Genco Shipping & Trading Limited (GNK) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

Genco Shipping & Trading Limited (GNK) had negative free cash flow of $17.3M in fiscal year 2024, likely due to heavy capital investments.