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

23.18USD+0.15 (+0.65%)Delayed

Market Summary

USD23.18+0.15

Delayed

0.65%

GNK Alerts

Big jump in Earnings (Y/Y)

GNK Stock Price

View Fullscreen

GNK RSI Chart

GNK Valuation

Market Cap

991.0M

Price/Earnings (Trailing)

312.56

Price/Sales (Trailing)

2.44

EV/EBITDA

11.54

Price/Free Cashflow

9.66

GNK Price/Sales (Trailing)

GNK Profitability

EBT Margin

3.70%

Return on Equity

0.35%

Return on Assets

0.28%

Free Cashflow Yield

10.35%

GNK Fundamentals

GNK Revenue

Revenue (TTM)

406.9M

Rev. Growth (Yr)

24.41%

Rev. Growth (Qtr)

1.66%

GNK Earnings

Earnings (TTM)

3.2M

Earnings Growth (Yr)

557.27%

Earnings Growth (Qtr)

288.75%

Breaking Down GNK Revenue

Last 7 days

1.5%

Last 30 days

14.4%

Last 90 days

30.8%

Trailing 12 Months

67.4%

How does GNK drawdown profile look like?

GNK Financial Health

Current Ratio

3.72

Debt/Equity

0.18

Debt/Cashflow

0.65

GNK Investor Care

Dividend Yield

3.71%

Dividend/Share (TTM)

0.86

Shares Dilution (1Y)

0.57%

Diluted EPS (TTM)

0.07

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
2024	406.9M	0	0	0
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

Try For Just $1.99

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 09, 2024	regan arthur l	acquired	-	-	6,143	-
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

Which funds bought or sold GNK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-9.3	82,768	825,154	-%
May 16, 2024	Tidal Investments LLC	added	18.4	124,737	401,375	0.01%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-76.15	-1,021,710	421,868	-%
May 16, 2024	Ancora Advisors LLC	unchanged	-	299,155	1,626,160	0.04%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-53.1	-73,782	99,699	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	added	16.25	5,853	19,639	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	387	5,496,260	6,601,150	0.01%
May 15, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	reduced	-88.7	-3,217,000	517,000	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-10.2	55,964	612,990	-%
May 15, 2024	Quarry LP	sold off	-100	-3,368	-	-%

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

GNK Alerts

Big jump in Earnings (Y/Y)

Unveiling Genco Shipping & Trading Ltd's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
May 02, 2024	gk investor llc	5.5%	2,339,084	SC 13D/A
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

Recent SEC filings of Genco Shipping & Trading Ltd

View All Filings

Date Filed	Form Type	Document
May 17, 2024	DEFA14A	DEFA14A
May 16, 2024	DFAN14A	DFAN14A
May 14, 2024	DEFA14A	DEFA14A
May 13, 2024	144	Notice of Insider Sale Intent
May 13, 2024	4	Insider Trading
May 10, 2024	4	Insider Trading
May 09, 2024	DEFA14A	DEFA14A
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
May 08, 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	6.9B	3.1B	23.64%	62.08%	27.16	2.18	7.69%	73.34%
MATX	4.0B	3.1B	9.74%	65.56%	13.28	1.28	-19.84%	-60.56%
SMALL-CAP
GNK	991.0M	406.9M	14.41%	67.36%	312.56	2.44	-17.82%	-97.35%
EGLE	693.2M	393.8M	0.58%	45.82%	30.5	1.76	-45.29%	-90.84%
PANL	367.7M	490.3M	19.12%	31.05%	10.67	0.75	-21.13%	-45.19%
SMHI	366.3M	282.3M	9.04%	70.35%	-39.33	1.3	21.84%	87.00%

Genco Shipping & Trading Ltd News

Latest updates

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

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.7%	117	116	83.00	91.00	94.00	127	136	138	136	183	155	121	88.00	95.00	88.00	74.00	98.00	109	104	84.00	93.00
Costs and Expenses	-12.1%	95.00	108	114	78.00	90.00	96.00	91.00	89.00	94.00	90.00	90.00	85.00	81.00	157	103	87.00	212	101	112	111	94.00
S&GA Expenses	-100.0%	-	7.00	7.00	7.00	8.00	7.00	6.00	6.00	6.00	7.00	6.00	6.00	6.00	5.00	5.00	5.00	6.00	6.00	6.00	6.00	6.00
EBITDA Margin	-2.2%	0.23*	0.24*	0.23*	0.20*	0.17*	0.16*	0.14*	0.14*	0.14*	0.16*	0.20*	0.24*	-	-	-	-	-	-	-	-	-
Interest Expenses	54.1%	4.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	4.00	4.00	5.00	5.00	5.00	5.00	7.00	7.00	8.00	8.00	9.00
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7.80
EBT Margin	-5.7%	0.04*	0.04*	0.04*	0.03*	0.03*	0.03*	0.03*	0.02*	0.03*	0.03*	0.03*	0.04*	-	-	-	-	-	-	-	-	-
Net Income	288.7%	19.00	5.00	-32.00	12.00	3.00	28.00	41.00	48.00	42.00	91.00	57.00	32.00	2.00	-65.92	-21.10	-18.20	-120	1.00	-14.59	-34.48	-7.80
Net Income Margin	123.4%	0.01*	-0.03*	0.03*	0.19*	0.24*	0.30*	0.37*	0.39*	0.37*	0.33*	0.05*	-0.14*	-	-	-	-	-	-	-	-	-
Free Cashflow	-18.1%	32.00	39.00	13.00	19.00	18.00	35.00	53.00	46.00	51.00	95.00	72.00	49.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.1%	1,118	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
Current Assets	-7.1%	146	157	112	111	107	125	146	120	105	175	142	220	228	247	222	211	228	223	241	219	250
Cash Equivalents	4.6%	49.00	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
Inventory	14.5%	31.00	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
Net PPE	2.0%	7.00	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
Liabilities	-11.5%	201	227	179	180	194	206	233	236	233	286	346	405	434	488	506	522	530	550	564	552	560
Current Liabilities	11.4%	39.00	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
Long Term Debt	-15.5%	161	190	140	148	157	165	173	182	190	238	297	304	327	359	384	403	404	413	434	433	449
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	56.00	65.00	81.00	81.00	80.00	73.00	70.00	70.00	66.00	70.00
LT Debt, Non Current	-100.0%	-	190	140	148	157	165	173	182	190	238	297	304	327	359	384	403	404	413	434	433	449
Shareholder's Equity	0.4%	917	913	915	955	950	967	973	950	934	917	831	777	747	745	811	833	851	978	998	1,012	1,046
Retained Earnings	2.9%	-622	-641	-646	-614	-625	-628	-656	-697	-745	-786	-877	-934	-966	-968	-902	-881	-863	-743	-744	-729	-695
Additional Paid-In Capital	-1.1%	1,537	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
Accumulated Depreciation	0.9%	8.00	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
Shares Outstanding	0.5%	43.00	43.00	43.00	43.00	43.00	42.00	42.00	42.00	42.00	42.00	42.00	42.00	-	-	-	-	-	-	-	-	-
Minority Interest	10.4%	2.00	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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-18.6%	32,251	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
Share Based Compensation	2.0%	1,382	1,355	1,397	1,219	1,559	886	840	826	690	597	597	551	522	535	534	476	481	461	575	569	452
Cashflow From Investing	119.8%	17,494	-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
Cashflow From Financing	-210.5%	-47,923	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
Dividend Payments	179.3%	17,885	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	-	-	-	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

GNK Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total revenues	$ 117,435	$ 94,391
Operating expenses:
Voyage expenses	37,200	37,435
Vessel operating expenses	25,932	24,393
Charter hire expenses	3,510	3,664
General and administrative expenses (inclusive of nonvested stock amortization expense of $1,382 and $1,559, respectively)	7,664	7,750
Technical management expenses	1,031	762
Depreciation and amortization	17,223	15,944
Loss on sale of vessels	978
Other operating expense	1,804
Total operating expenses	95,342	89,948
Operating income	22,093	4,443
Other income (expense):
Other income (expense)	66	(324)
Interest income	824	770
Interest expense	(4,040)	(2,029)
Other expense, net	(3,150)	(1,583)
Net income	18,943	2,860
Less: Net income attributable to noncontrolling interest	145	226
Net income attributable to Genco Shipping & Trading Limited	$ 18,798	$ 2,634
Earnings per share-basic	$ 0.44	$ 0.06
Earnings per share-diluted	$ 0.43	$ 0.06
Weighted average common shares outstanding-basic	42,918,248	42,632,059
Weighted average common shares outstanding-diluted	43,606,580	43,097,362
Voyage revenues
Revenues:
Total revenues	$ 117,435	$ 94,391

GNK Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 48,364	$ 46,542
Due from charterers, net of a reserve of $2,299 and $3,257, respectively	21,888	17,815
Prepaid expenses and other current assets	9,076	10,154
Inventories	30,638	26,749
Vessels held for sale	36,218	55,440
Total current assets	146,184	157,272
Noncurrent assets:
Vessels, net of accumulated depreciation of $308,626 and $296,452, respectively	934,572	945,114
Deferred drydock, net of accumulated amortization of $27,480 and $23,047 respectively	27,264	29,502
Fixed assets, net of accumulated depreciation and amortization of $8,134 and $8,063, respectively	7,211	7,071
Operating lease right-of-use assets	2,260	2,628
Restricted cash	315	315
Total noncurrent assets	971,622	984,630
Total assets	1,117,806	1,141,902
Current liabilities:
Accounts payable and accrued expenses	31,296	24,245
Deferred revenue	5,679	8,746
Current operating lease liabilities	2,325	2,295
Total current liabilities:	39,300	35,286
Noncurrent liabilities:
Long-term operating lease liabilities	1,208	1,801
Long-term debt, net of deferred financing costs of $9,332 and $9,831, respectively	160,668	190,169
Total noncurrent liabilities	161,876	191,970
Total liabilities	201,176	227,256
Commitments and contingencies (Note 14)
Equity:
Common stock, par value $0.01; 500,000,000 shares authorized; 42,751,752 and 42,546,959 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	427	425
Additional paid-in capital	1,536,987	1,553,421
Accumulated other comprehensive income		527
Accumulated deficit	(622,319)	(641,117)
Total Genco Shipping & Trading Limited shareholders' equity	915,095	913,256
Noncontrolling interest	1,535	1,390
Total equity	916,630	914,646
Total liabilities and equity	$ 1,117,806	1,141,902
Interest rate caps
Current assets:
Fair value of derivative instruments		$ 572

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 Fri May 17 2024, market cap of Genco Shipping & Trading Ltd is 990.99 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 May 17 2024, GNK's PE ratio (Price to Earnings) is 312.56 and Price to Sales (PS) ratio is 2.44. 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.