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GNK

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

20.54USD-0.41 (-1.96%)Market Closed

Market Summary

GNK
USD20.54-0.41
Market Closed
-1.96%

GNK Stock Price

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GNK RSI Chart

GNK Valuation

Market Cap

877.7M

Price/Earnings (Trailing)

-68.74

Price/Sales (Trailing)

2.29

EV/EBITDA

10.39

Price/Free Cashflow

9.85

GNK Price/Sales (Trailing)

GNK Profitability

EBT Margin

3.93%

Return on Equity

-1.4%

Return on Assets

-1.12%

Free Cashflow Yield

10.15%

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

-0.9%

Last 30 days

-1.4%

Last 90 days

28.8%

Trailing 12 Months

27.5%

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

4.63%

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
YearQ1Q2Q3Q4
2023495.1M447.9M395.3M383.8M
2022595.8M612.5M593.2M536.9M
2021344.8M391.6M459.3M547.1M
2020394.4M385.0M368.8M355.6M
2019384.1M381.5M393.0M389.5M
2018248.4M289.2M330.3M367.5M
2017152.9M166.4M178.7M209.7M
2016140.5M137.8M126.7M135.6M
2015186.4M168.6M173.9M154.0M
2014251.0M257.6M242.8M215.9M
2013207.1M189.9M194.9M227.5M
2012350.6M314.2M274.3M226.5M
2011455.4M449.4M425.7M392.2M
2010377.6M389.2M414.3M448.7M
20090396.8M388.1M379.5M
2008000405.4M
GRUFITY'S FAIR VALUE MODEL

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Returns of $10,000 invested in:

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


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Russell 2000 Index
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Tracking the Latest Insider Buys and Sells of Genco Shipping & Trading Ltd

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold GNK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
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
Key Colony Management, LLC
added
119
2,556,310
4,066,000
4.06%
Apr 10, 2024
Banque Cantonale Vaudoise
added
236
132,000
174,000
0.01%
Apr 05, 2024
CWM, LLC
reduced
-76.00
-44,000
19,000
-%
Apr 05, 2024
GAMMA Investing LLC
unchanged
-
132
956
-%
Apr 05, 2024
LOS ANGELES CAPITAL MANAGEMENT LLC
reduced
-52.37
-913,060
1,279,960
-%
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-79.56
-24,060
7,698
-%
Mar 11, 2024
VANGUARD GROUP INC
added
9.46
4,191,220
18,254,300
-%
Mar 04, 2024
TUCKER ASSET MANAGEMENT LLC
new
-
16,590
16,590
-%

1–10 of 48

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 FiledName of FilerPercent of ClassNo. of SharesForm 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 11, 2024
PRER14A
PRER14A
Apr 08, 2024
PREC14A
PREC14A
Apr 08, 2024
SC 13D/A
13D - Major Acquisition
Apr 03, 2024
DEFA14A
DEFA14A
Apr 03, 2024
PREC14A
PREC14A
Mar 15, 2024
4
Insider Trading
Mar 15, 2024
4
Insider Trading
Mar 15, 2024
4
Insider Trading
Mar 15, 2024
4
Insider Trading
Mar 15, 2024
4
Insider Trading

Peers (Alternatives to Genco Shipping & Trading Ltd)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
MID-CAP
5.7B
3.1B
11.07% 41.12%
25.7
1.85
11.02% 82.30%
3.8B
3.1B
3.90% 76.85%
12.88
1.24
-28.75% -72.07%
SMALL-CAP
877.7M
383.8M
-1.44% 27.50%
-68.74
2.29
-28.52% -108.04%
693.2M
440.7M
0.58% 45.82%
30.5
1.57
-41.49% -90.84%
359.3M
279.5M
3.04% 54.62%
-38.58
1.29
28.61% 87.00%
313.0M
499.3M
-19.18% 10.93%
11.91
0.63
-28.64% -66.93%

Genco Shipping & Trading Ltd News

Latest updates
Yahoo Movies UK12 Apr 202402:31 pm
Stock Traders Daily13 Mar 202403:26 am

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

Income Statement (Last 12 Months)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue38.6%115,516,50083,361,00090,556,00094,391,000126,973,000135,970,000137,764,000136,227,000183,278,000155,252,000121,008,00087,591,00095,494,00087,524,00074,206,00098,336,000108,706,000103,776,00083,550,00093,464,000112,185,000
Costs and Expenses-4.6%108,480,000113,714,00077,529,00089,948,00096,201,50090,792,00088,569,00094,134,00090,095,50089,878,00084,759,00081,282,000156,646,000103,190,00087,310,000211,751,000101,145,500111,548,000110,859,00094,346,00086,212,500
  S&GA Expenses6.3%7,000,5006,585,0006,933,0007,750,0007,373,5005,911,0006,381,0006,043,0006,838,5005,659,0005,854,0006,102,0004,913,0005,115,0005,471,0005,767,0006,263,0006,144,0005,799,0006,310,0006,380,000
EBITDA Margin4.3%0.240.230.200.170.160.140.140.140.160.200.240.28---------
Interest Expenses31.1%2,621,5001,999,0002,131,0002,029,0002,171,0002,276,0002,405,0002,242,0002,402,5003,943,0004,470,0004,541,0004,898,0005,097,0005,473,0006,945,0007,459,0007,797,0008,124,0008,575,0008,842,000
Earnings Before Taxes---------------------7,801,00018,284,500
EBT Margin3.0%0.040.040.030.030.030.030.020.030.030.030.040.04---------
Net Income115.1%4,835,500-32,004,00011,541,0002,860,00028,467,50040,828,00047,625,00041,865,00090,853,00057,132,00032,037,0001,985,000-65,921,000-21,098,000-18,204,000-120,350,000882,000-14,591,000-34,476,000-7,801,00018,283,000
Net Income Margin-221.0%-0.030.030.190.240.300.370.390.370.330.05-0.14-0.30---------
Free Cashflow204.1%39,080,00012,851,00018,665,00018,481,00035,238,00053,287,00046,160,00051,072,00095,448,00071,965,00048,779,00013,342,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets4.3%1,1421,0951,1351,1441,1741,2061,1861,1681,2031,1771,1821,1801,2331,3181,3551,3811,5291,5621,5641,6061,627
  Current Assets41.0%157112111107125146120105175142220228247222211228223241219250270
    Cash Equivalents0.6%47.0046.0048.0044.0058.0071.0051.0049.0012180.00161164180161143150162166165193203
  Inventory-3.0%27.0028.0023.0025.0022.0032.0032.0023.0025.0024.0026.0024.0022.0021.0023.0029.0027.0023.0029.0031.0030.00
  Net PPE-4.9%7.007.008.008.009.008.008.008.007.006.006.006.006.008.007.006.006.005.004.003.002.00
Liabilities27.2%227179180194206233236233286346405434488506522530550564552560574
  Current Liabilities-2.6%35.0036.0029.0034.0037.0055.0049.0038.0042.0043.0094.0099.00114114110117128119109101102
  Long Term Debt35.8%190140148157165173182190238297304327359384403404413434433449469
    LT Debt, Current-----------56.0065.0081.0081.0080.0073.0070.0070.0066.0070.0066.00
    LT Debt, Non Current35.8%190140148157165173182190238297304327359384403404413434433449469
Shareholder's Equity-0.2%9139159559509679739509349178317777477458118338519789981,0121,0461,053
  Retained Earnings0.8%-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%1,5531,5591,5641,5691,5891,6211,6421,6741,7021,7081,7121,7131,7131,7141,7141,7141,7211,7421,7411,7411,740
Accumulated Depreciation8.5%8.007.008.007.006.006.005.005.004.004.003.003.002.002.002.002.002.002.002.001.001.00
Shares Outstanding0.0%43.0043.0043.0043.0042.0042.0042.0042.0042.0042.0042.0042.00---------
Minority Interest13.8%1.001.001.001.001.001.001.000.000.00------------
Float---588---720---672---109------
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations199.7%39,61813,21819,38219,56635,87554,28946,60452,55596,13272,43549,05813,49420,88124,992-4,939-4,03830,76813,9353,21111,61222,532
  Share Based Compensation-3.0%1,3551,3971,2191,559886840826690597597551522535534476481461575569452456
Cashflow From Investing-37213.9%-88,331238-678-2,853-1,500-3,535-3,015-46,9659,729-81,458-15,79419,95025,11212,947-6,1975,5778,948-18,100-9,575-4,12231,116
Cashflow From Financing386.5%43,353-15,131-15,209-30,416-41,765-29,891-42,033-77,050-65,817-71,691-36,088-49,098-27,089-20,0564,520-14,280-43,6584,920-21,175-17,276-16,926
  Dividend Payments0.4%6,4046,3816,45921,66633,01521,14133,28328,2896,2884,1922,0958888848378367,290-----

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 expenses142,971153,889146,182
Vessel operating expenses97,09399,46982,089
Charter hire expenses9,13527,13036,370
General and administrative expenses (inclusive of nonvested stock amortization expense of $5,530, $3,242 and $2,267, respectively)28,26825,70824,454
Technical management fees4,0213,3105,612
Depreciation and amortization66,46560,19056,231
Impairment of vessel assets41,719  
Gain on sale of vessels  (4,924)
Total operating expenses389,672369,696346,014
Operating (loss) income(5,847)167,238201,115
Other income (expense):   
Other (expense) income(396)178541
Interest income2,6671,042154
Interest expense(8,780)(9,094)(15,357)
Loss on debt extinguishment  (4,408)
Other expense, net(6,509)(7,874)(19,070)
Net (loss) income(12,356)159,364182,045
Less: Net income attributable to noncontrolling interest51478838
Net (loss) income attributable to Genco Shipping & Trading Limited$ (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-basic42,766,26242,412,72242,060,996
Weighted average common shares outstanding-diluted42,766,26242,915,49642,588,871
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, respectively17,81525,333
Prepaid expenses and other current assets10,1548,399
Inventories26,74921,601
Fair value of derivative instruments5726,312
Vessels held for sale55,440 
Total current assets157,272125,430
Noncurrent assets:  
Vessels, net of accumulated depreciation of $296,452 and $303,098, respectively945,1141,002,810
Deferred drydock, net of accumulated amortization of $23,047 and $15,456 respectively29,50232,254
Fixed assets, net of accumulated depreciation and amortization of $8,063 and $6,254, respectively7,0718,556
Operating lease right-of-use assets2,6284,078
Restricted cash315315
Fair value of derivative instruments 423
Total noncurrent assets984,6301,048,436
Total assets1,141,9021,173,866
Current liabilities:  
Accounts payable and accrued expenses24,24529,475
Deferred revenue8,7464,958
Current operating lease liabilities2,2952,107
Total current liabilities:35,28636,540
Noncurrent liabilities:  
Long-term operating lease liabilities1,8014,096
Long-term debt, net of deferred financing costs of $9,831 and $6,079, respectively190,169164,921
Total noncurrent liabilities191,970169,017
Total liabilities227,256205,557
Commitments and contingencies (Note 17)
Equity:  
Common stock, par value $0.01; 500,000,000 shares authorized; 42,546,959 and 42,327,181 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively425423
Additional paid-in capital1,553,4211,588,777
Accumulated other comprehensive income5276,480
Accumulated deficit(641,117)(628,247)
Total Genco Shipping & Trading Limited shareholders' equity913,256967,433
Noncontrolling interest1,390876
Total equity914,646968,309
Total liabilities and equity$ 1,141,902$ 1,173,866
GNK
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
 WEBSITEgencoshipping.com
 INDUSTRYMarine Shipping
 EMPLOYEES1086

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 Fri Apr 12 2024, market cap of Genco Shipping & Trading Ltd is 877.68 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 Fri Apr 12 2024, GNK's PE ratio (Price to Earnings) is -68.74 and Price to Sales (PS) ratio is 2.29. 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 0.278 (multiply by 100 for percentage) rate of return.