GNK - Genco Shipping & Trading Ltd Stock Price, Fair Value and News

20.30USD+0.04 (+0.20%)Market Closed

Market Summary

USD20.30+0.04

Market Closed

0.20%

GNK Stock Price

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GNK RSI Chart

GNK Valuation

Market Cap

865.7M

Price/Earnings (Trailing)

-67.81

Price/Sales (Trailing)

2.26

EV/EBITDA

10.39

Price/Free Cashflow

9.72

GNK Price/Sales (Trailing)

GNK Profitability

EBT Margin

3.93%

Return on Equity

-1.4%

Return on Assets

-1.12%

Free Cashflow Yield

10.29%

GNK Fundamentals

GNK Revenue

Revenue (TTM)

383.8M

Rev. Growth (Yr)

-9.02%

Rev. Growth (Qtr)

38.57%

GNK Earnings

Earnings (TTM)

-12.8M

Earnings Growth (Yr)

-83.01%

Earnings Growth (Qtr)

115.11%

Breaking Down GNK Revenue

Last 7 days

-1.6%

Last 30 days

0.1%

Last 90 days

19.4%

Trailing 12 Months

21.7%

How does GNK drawdown profile look like?

GNK Financial Health

Current Ratio

4.46

Debt/Equity

0.21

Debt/Cashflow

0.48

GNK Investor Care

Dividend Yield

4.69%

Dividend/Share (TTM)

0.95

Shares Dilution (1Y)

0.95%

Diluted EPS (TTM)

-0.3

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	495.1M	447.9M	395.3M	383.8M
2022	595.8M	612.5M	593.2M	536.9M
2021	344.8M	391.6M	459.3M	547.1M
2020	394.4M	385.0M	368.8M	355.6M
2019	384.1M	381.5M	393.0M	389.5M
2018	248.4M	289.2M	330.3M	367.5M
2017	152.9M	166.4M	178.7M	209.7M
2016	140.5M	137.8M	126.7M	135.6M
2015	186.4M	168.6M	173.9M	154.0M
2014	251.0M	257.6M	242.8M	215.9M
2013	207.1M	189.9M	194.9M	227.5M
2012	350.6M	314.2M	274.3M	226.5M
2011	455.4M	449.4M	425.7M	392.2M
2010	377.6M	389.2M	414.3M	448.7M
2009	0	396.8M	388.1M	379.5M
2008	0	0	0	405.4M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Genco Shipping & Trading Ltd

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 29, 2024	adamo joseph	acquired	28,484	8.34597	3,413	chief accounting officer
Feb 29, 2024	adamo joseph	sold	-28,478	20.4	-1,396	chief accounting officer
Feb 23, 2024	adamo joseph	sold	-119,245	19.8741	-6,000	chief accounting officer
Feb 23, 2024	wobensmith john c	acquired	-	-	71,320	ceo, president, and secretary
Feb 23, 2024	allen peter george	sold	-139,283	19.7957	-7,036	chief financial officer
Feb 23, 2024	wobensmith john c	sold	-706,014	19.7985	-35,660	ceo, president, and secretary
Feb 23, 2024	christensen jesper	sold	-245,636	19.803	-12,404	chief commercial officer
Feb 23, 2024	christensen jesper	acquired	-	-	25,841	chief commercial officer
Feb 23, 2024	adamo joseph	acquired	-	-	12,216	chief accounting officer
Feb 23, 2024	allen peter george	acquired	-	-	14,660	chief financial officer

Which funds bought or sold GNK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 16, 2024	SummerHaven Investment Management, LLC	added	1.08	210,138	1,090,420	0.68%
Apr 16, 2024	Indiana Trust & Investment Management CO	unchanged	-	1,309	7,116	-%
Apr 16, 2024	Register Financial Advisors LLC	sold off	-100	-177,063	-	-%
Apr 15, 2024	Future Financial Wealth Managment LLC	new	-	20,330	20,330	0.01%
Apr 15, 2024	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	reduced	-3.37	32,161	206,837	-%
Apr 15, 2024	Sunbelt Securities, Inc.	unchanged	-	1,657	9,006	-%
Apr 11, 2024	Fortitude Family Office, LLC	unchanged	-	1,133	6,160	-%
Apr 10, 2024	Founders Capital Management	unchanged	-	3,740	20,330	0.01%
Apr 10, 2024	Banque Cantonale Vaudoise	added	236	132,000	174,000	0.01%
Apr 10, 2024	Key Colony Management, LLC	added	119	2,556,310	4,066,000	4.06%

Are Funds Buying or Selling GNK?

Are funds buying GNK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GNK

No. of Funds

Unveiling Genco Shipping & Trading Ltd's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 08, 2024	gk investor llc	5.4%	2,310,655	SC 13D/A
Feb 09, 2024	blackrock inc.	8.4%	3,560,942	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.4%	2,714,503	SC 13G/A
Jan 10, 2024	gk investor llc	5.4%	2,313,572	SC 13D/A
Dec 29, 2023	gk investor llc	5.4%	2,313,572	SC 13D
Feb 10, 2023	dimensional fund advisors lp	6.4%	2,710,989	SC 13G
Feb 06, 2023	blackrock inc.	7.2%	3,047,668	SC 13G/A
Oct 27, 2022	ccp ii cayman gp ltd.	4.82%	2,036,162	SC 13D/A
Oct 04, 2022	ccp ii cayman gp ltd.	6.27%	2,649,671	SC 13D/A
Sep 12, 2022	fmr llc	-	0	SC 13G/A

Recent SEC filings of Genco Shipping & Trading Ltd

View All Filings

Date Filed	Form Type	Document
Apr 17, 2024	DEFA14A	DEFA14A
Apr 17, 2024	DEFC14A	DEFC14A
Apr 16, 2024	ARS	ARS
Apr 16, 2024	DEFA14A	DEFA14A
Apr 16, 2024	DEFC14A	DEFC14A
Apr 15, 2024	PRRN14A	PRRN14A
Apr 11, 2024	PRER14A	PRER14A
Apr 08, 2024	SC 13D/A	13D - Major Acquisition
Apr 08, 2024	PREC14A	PREC14A
Apr 03, 2024	DEFA14A	DEFA14A

Peers (Alternatives to Genco Shipping & Trading Ltd)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MID-CAP
KEX	5.6B	3.1B	7.17%	38.14%	24.96	1.8	11.02%	82.30%
MATX	3.7B	3.1B	3.36%	68.92%	12.3	1.18	-28.75%	-72.07%
SMALL-CAP
GNK	865.7M	383.8M	0.05%	21.67%	-67.81	2.26	-28.52%	-108.04%
EGLE	693.2M	440.7M	0.58%	45.82%	30.5	1.76	-45.29%	-90.84%
SMHI	330.8M	279.5M	-10.13%	45.63%	-35.51	1.18	28.61%	87.00%
PANL	307.9M	499.3M	-2.37%	3.94%	11.71	0.62	-28.64%	-66.88%

Genco Shipping & Trading Ltd News

Latest updates

Genco Shipping & Trading Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	38.6%	115,516,500	83,361,000	90,556,000	94,391,000	126,973,000	135,970,000	137,764,000	136,227,000	183,278,000	155,252,000	121,008,000	87,591,000	95,494,000	87,524,000	74,206,000	98,336,000	108,706,000	103,776,000	83,550,000	93,464,000	112,185,000
Costs and Expenses	-4.6%	108,480,000	113,714,000	77,529,000	89,948,000	96,201,500	90,792,000	88,569,000	94,134,000	90,095,500	89,878,000	84,759,000	81,282,000	156,646,000	103,190,000	87,310,000	211,751,000	101,145,500	111,548,000	110,859,000	94,346,000	86,212,500
S&GA Expenses	6.3%	7,000,500	6,585,000	6,933,000	7,750,000	7,373,500	5,911,000	6,381,000	6,043,000	6,838,500	5,659,000	5,854,000	6,102,000	4,913,000	5,115,000	5,471,000	5,767,000	6,263,000	6,144,000	5,799,000	6,310,000	6,380,000
EBITDA Margin	4.3%	0.24	0.23	0.20	0.17	0.16	0.14	0.14	0.14	0.16	0.20	0.24	0.28	-	-	-	-	-	-	-	-	-
Interest Expenses	31.1%	2,621,500	1,999,000	2,131,000	2,029,000	2,171,000	2,276,000	2,405,000	2,242,000	2,402,500	3,943,000	4,470,000	4,541,000	4,898,000	5,097,000	5,473,000	6,945,000	7,459,000	7,797,000	8,124,000	8,575,000	8,842,000
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,801,000	18,284,500
EBT Margin	3.0%	0.04	0.04	0.03	0.03	0.03	0.03	0.02	0.03	0.03	0.03	0.04	0.04	-	-	-	-	-	-	-	-	-
Net Income	115.1%	4,835,500	-32,004,000	11,541,000	2,860,000	28,467,500	40,828,000	47,625,000	41,865,000	90,853,000	57,132,000	32,037,000	1,985,000	-65,921,000	-21,098,000	-18,204,000	-120,350,000	882,000	-14,591,000	-34,476,000	-7,801,000	18,283,000
Net Income Margin	-221.0%	-0.03	0.03	0.19	0.24	0.30	0.37	0.39	0.37	0.33	0.05	-0.14	-0.30	-	-	-	-	-	-	-	-	-
Free Cashflow	204.1%	39,080,000	12,851,000	18,665,000	18,481,000	35,238,000	53,287,000	46,160,000	51,072,000	95,448,000	71,965,000	48,779,000	13,342,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	4.3%	1,142	1,095	1,135	1,144	1,174	1,206	1,186	1,168	1,203	1,177	1,182	1,180	1,233	1,318	1,355	1,381	1,529	1,562	1,564	1,606	1,627
Current Assets	41.0%	157	112	111	107	125	146	120	105	175	142	220	228	247	222	211	228	223	241	219	250	270
Cash Equivalents	0.6%	47.00	46.00	48.00	44.00	58.00	71.00	51.00	49.00	121	80.00	161	164	180	161	143	150	162	166	165	193	203
Inventory	-3.0%	27.00	28.00	23.00	25.00	22.00	32.00	32.00	23.00	25.00	24.00	26.00	24.00	22.00	21.00	23.00	29.00	27.00	23.00	29.00	31.00	30.00
Net PPE	-4.9%	7.00	7.00	8.00	8.00	9.00	8.00	8.00	8.00	7.00	6.00	6.00	6.00	6.00	8.00	7.00	6.00	6.00	5.00	4.00	3.00	2.00
Liabilities	27.2%	227	179	180	194	206	233	236	233	286	346	405	434	488	506	522	530	550	564	552	560	574
Current Liabilities	-2.6%	35.00	36.00	29.00	34.00	37.00	55.00	49.00	38.00	42.00	43.00	94.00	99.00	114	114	110	117	128	119	109	101	102
Long Term Debt	35.8%	190	140	148	157	165	173	182	190	238	297	304	327	359	384	403	404	413	434	433	449	469
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	56.00	65.00	81.00	81.00	80.00	73.00	70.00	70.00	66.00	70.00	66.00
LT Debt, Non Current	35.8%	190	140	148	157	165	173	182	190	238	297	304	327	359	384	403	404	413	434	433	449	469
Shareholder's Equity	-0.2%	913	915	955	950	967	973	950	934	917	831	777	747	745	811	833	851	978	998	1,012	1,046	1,053
Retained Earnings	0.8%	-641	-646	-614	-625	-628	-656	-697	-745	-786	-877	-934	-966	-968	-902	-881	-863	-743	-744	-729	-695	-687
Additional Paid-In Capital	-0.3%	1,553	1,559	1,564	1,569	1,589	1,621	1,642	1,674	1,702	1,708	1,712	1,713	1,713	1,714	1,714	1,714	1,721	1,742	1,741	1,741	1,740
Accumulated Depreciation	8.5%	8.00	7.00	8.00	7.00	6.00	6.00	5.00	5.00	4.00	4.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00
Shares Outstanding	0.0%	43.00	43.00	43.00	43.00	42.00	42.00	42.00	42.00	42.00	42.00	42.00	42.00	-	-	-	-	-	-	-	-	-
Minority Interest	13.8%	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	588	-	-	-	720	-	-	-	672	-	-	-	109	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	199.7%	39,618	13,218	19,382	19,566	35,875	54,289	46,604	52,555	96,132	72,435	49,058	13,494	20,881	24,992	-4,939	-4,038	30,768	13,935	3,211	11,612	22,532
Share Based Compensation	-3.0%	1,355	1,397	1,219	1,559	886	840	826	690	597	597	551	522	535	534	476	481	461	575	569	452	456
Cashflow From Investing	-37213.9%	-88,331	238	-678	-2,853	-1,500	-3,535	-3,015	-46,965	9,729	-81,458	-15,794	19,950	25,112	12,947	-6,197	5,577	8,948	-18,100	-9,575	-4,122	31,116
Cashflow From Financing	386.5%	43,353	-15,131	-15,209	-30,416	-41,765	-29,891	-42,033	-77,050	-65,817	-71,691	-36,088	-49,098	-27,089	-20,056	4,520	-14,280	-43,658	4,920	-21,175	-17,276	-16,926
Dividend Payments	0.4%	6,404	6,381	6,459	21,666	33,015	21,141	33,283	28,289	6,288	4,192	2,095	888	884	837	836	7,290	-	-	-	-	-

GNK Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Total revenues	$ 383,825	$ 536,934	$ 547,129
Operating expenses:
Voyage expenses	142,971	153,889	146,182
Vessel operating expenses	97,093	99,469	82,089
Charter hire expenses	9,135	27,130	36,370
General and administrative expenses (inclusive of nonvested stock amortization expense of $5,530, $3,242 and $2,267, respectively)	28,268	25,708	24,454
Technical management fees	4,021	3,310	5,612
Depreciation and amortization	66,465	60,190	56,231
Impairment of vessel assets	41,719
Gain on sale of vessels			(4,924)
Total operating expenses	389,672	369,696	346,014
Operating (loss) income	(5,847)	167,238	201,115
Other income (expense):
Other (expense) income	(396)	178	541
Interest income	2,667	1,042	154
Interest expense	(8,780)	(9,094)	(15,357)
Loss on debt extinguishment			(4,408)
Other expense, net	(6,509)	(7,874)	(19,070)
Net (loss) income	(12,356)	159,364	182,045
Less: Net income attributable to noncontrolling interest	514	788	38
Net (loss) income attributable to Genco Shipping & Trading Limited	$ (12,870)	$ 158,576	$ 182,007
Net (loss) earnings per share-basic	$ (0.30)	$ 3.74	$ 4.33
Net (loss) earnings per share-diluted	$ (0.30)	$ 3.70	$ 4.27
Weighted average common shares outstanding-basic	42,766,262	42,412,722	42,060,996
Weighted average common shares outstanding-diluted	42,766,262	42,915,496	42,588,871
Voyage revenues
Revenues:
Total revenues	$ 383,825	$ 536,934	$ 547,129

GNK Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 46,542	$ 58,142
Restricted cash		5,643
Due from charterers, net of a reserve of $3,257 and $2,141, respectively	17,815	25,333
Prepaid expenses and other current assets	10,154	8,399
Inventories	26,749	21,601
Fair value of derivative instruments	572	6,312
Vessels held for sale	55,440
Total current assets	157,272	125,430
Noncurrent assets:
Vessels, net of accumulated depreciation of $296,452 and $303,098, respectively	945,114	1,002,810
Deferred drydock, net of accumulated amortization of $23,047 and $15,456 respectively	29,502	32,254
Fixed assets, net of accumulated depreciation and amortization of $8,063 and $6,254, respectively	7,071	8,556
Operating lease right-of-use assets	2,628	4,078
Restricted cash	315	315
Fair value of derivative instruments		423
Total noncurrent assets	984,630	1,048,436
Total assets	1,141,902	1,173,866
Current liabilities:
Accounts payable and accrued expenses	24,245	29,475
Deferred revenue	8,746	4,958
Current operating lease liabilities	2,295	2,107
Total current liabilities:	35,286	36,540
Noncurrent liabilities:
Long-term operating lease liabilities	1,801	4,096
Long-term debt, net of deferred financing costs of $9,831 and $6,079, respectively	190,169	164,921
Total noncurrent liabilities	191,970	169,017
Total liabilities	227,256	205,557
Commitments and contingencies (Note 17)
Equity:
Common stock, par value $0.01; 500,000,000 shares authorized; 42,546,959 and 42,327,181 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively	425	423
Additional paid-in capital	1,553,421	1,588,777
Accumulated other comprehensive income	527	6,480
Accumulated deficit	(641,117)	(628,247)
Total Genco Shipping & Trading Limited shareholders' equity	913,256	967,433
Noncontrolling interest	1,390	876
Total equity	914,646	968,309
Total liabilities and equity	$ 1,141,902	$ 1,173,866

About Genco Shipping & Trading Ltd

Genco 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, grains, coal, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. The company was incorporated in 2004 and is headquartered in New York, New York.

CEO	Mr. John C. Wobensmith
WEBSITE	gencoshipping.com
INDUSTRY	Marine Shipping
EMPLOYEES	1086

Genco Shipping & Trading Ltd Frequently Asked Questions

What is the ticker symbol for Genco Shipping & Trading Ltd? What does GNK stand for in stocks?

GNK is the stock ticker symbol of Genco Shipping & Trading Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Genco Shipping & Trading Ltd (GNK)?

As of Wed Apr 17 2024, market cap of Genco Shipping & Trading Ltd is 865.72 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GNK stock?

You can check GNK's fair value in chart for subscribers.

What is the fair value of GNK stock?

You can check GNK's fair value in chart for subscribers. The fair value of Genco Shipping & Trading Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Genco Shipping & Trading Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GNK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Genco Shipping & Trading Ltd a good stock to buy?

The fair value guage provides a quick view whether GNK is over valued or under valued. Whether Genco Shipping & Trading Ltd is cheap or expensive depends on the assumptions which impact Genco Shipping & Trading Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GNK.

What is Genco Shipping & Trading Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, GNK's PE ratio (Price to Earnings) is -67.81 and Price to Sales (PS) ratio is 2.26. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GNK PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Genco Shipping & Trading Ltd's stock?

In the past 10 years, Genco Shipping & Trading Ltd has provided 0.281 (multiply by 100 for percentage) rate of return.