(GNK) Genco Shipping & Trading - Overview
Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 1.019m USD | Total Return: 86.1% in 12m
Avg Turnover: 7.92M
Qual. Beats: 1
Rev. Trend: -66.0%
Qual. Beats: 2
Warnings
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Altman Z'' -2.65 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
Genco Shipping & Trading Limited (GNK) is a New York-based marine transportation company specializing in the global ocean transit of drybulk commodities. The company operates a fleet divided into major bulk vessels, which typically carry iron ore and coal, and minor bulk vessels used for cargoes such as grains, steel, and fertilizers.
The business model relies on chartering vessels to international trading houses, industrial producers, and government agencies. This sector is characterized by high sensitivity to global GDP growth and commodity demand cycles, with revenue heavily influenced by the Baltic Dry Index, a benchmark for moving raw materials by sea. Unlike container shipping, drybulk carriers transport unpackaged, uniform goods in large holds.
Investors can further analyze these market cycles and historical performance metrics on ValueRay. Genco Shipping & Trading Limited has maintained its operational headquarters in the United States since its incorporation in 2004.
- Global iron ore and coal demand dictates major bulk vessel utilization
- Chinese manufacturing activity levels drive Capesize and Supramax time charter rates
- Fleet fuel efficiency upgrades mitigate rising environmental compliance and carbon costs
- Global fleet supply constraints and shipyard backlogs support long-term asset values
- International trade volatility and geopolitical shifts impact drybulk shipping route profitability
| Net Income: 16.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.00 > 0.02 and ΔFCF/TA -3.72 > 1.0 |
| NWC/Revenue: 20.8k% < 20% (prev 9.54%; Δ 20.8k% < -1%) |
| CFO/TA 0.00 > 3% & CFO 44.7m > Net Income 16.9m |
| Current Ratio: 2.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.4m) vs 12m ago 2.80% < -2% |
| Gross Margin: 23.55% > 18% (prev 0.22%; Δ 2.33k% > 0.5%) |
| Asset Turnover: 0.06% > 50% (prev 36.29%; Δ -36.23% > 0%) |
| Interest Coverage Ratio: 2.43 > 6 (EBITDA TTM 114.4m / Interest Expense TTM 14.2m) |
| A: 0.06 (Total Current Assets 121b - Total Current Liabilities 40.5b) / Total Assets 1252b |
| B: -0.45 (Retained Earnings -560b / Total Assets 1252b) |
| C: 0.00 (EBIT TTM 34.5m / Avg Total Assets 627b) |
| D: -1.53 (Book Value of Equity -559b / Total Liabilities 365b) |
| Altman-Z'' = -2.65 = D |
| DSRI: 1.09 (Receivables 20.3m/18.2m, Revenue 385.2m/376.9m) |
| GMI: 0.93 (GM 23.55% / 21.80%) |
| AQI: 25.42 (AQ_t 0.89 / AQ_t-1 0.04) |
| SGI: 1.02 (Revenue 385.2m / 376.9m) |
| TATA: -0.00 (NI 16.9m - CFO 44.7m) / TA 1252b) |
| Beneish M = 11.47 (Cap -4..+1) = D |
As of May 26, 2026, the stock is trading at USD 23.39 with a total of 275,200 shares traded.
Over the past week, the price has changed by -3.67%,
over one month by -0.10%,
over three months by +2.86% and
over the past year by +86.08%.
Genco Shipping & Trading has received a consensus analysts rating of 4.63. Therefore, it is recommended to buy GNK.
- StrongBuy: 6
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 29.3 | 25.1% |
P/E Trailing = 59.9744
P/E Forward = 9.1912
P/S = 2.646
P/B = 1.1512
P/EG = -1.77
Revenue TTM = 385.2m USD
EBIT TTM = 34.5m USD
EBITDA TTM = 114.4m USD
Long Term Debt = 318.9m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 5.62b USD (from shortLongTermDebtTotal, last quarter) + Leases 5.62m
Net Debt = -49.1b USD (calculated: Debt 5.62b - CCE 54.8b)
Enterprise Value = 1.02b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 2.43 (Ebit TTM 34.5m / Interest Expense TTM 14.2m)
EV/FCF = -5.90x (Enterprise Value 1.02b / FCF TTM -172.7m)
FCF Yield = -16.94% (FCF TTM -172.7m / Enterprise Value 1.02b)
FCF Margin = -44.83% (FCF TTM -172.7m / Revenue TTM 385.2m)
Net Margin = 4.38% (Net Income TTM 16.9m / Revenue TTM 385.2m)
Gross Margin = 23.55% ((Revenue TTM 385.2m - Cost of Revenue TTM 294.5m) / Revenue TTM)
Gross Margin QoQ = 21.37% (prev 27.86%)
Tobins Q-Ratio = 0.00 (Enterprise Value 1.02b / Total Assets 1252b)
Interest Expense / Debt = 0.25% (Interest Expense 14.2m / Debt 5.62b)
Taxrate = 21.0% (US default 21%)
NOPAT = 27.2m (EBIT 34.5m * (1 - 21.00%))
Current Ratio = 2.98 (Total Current Assets 121b / Total Current Liabilities 40.5b)
Debt / Equity = 0.01 (Debt 5.62b / totalStockholderEquity, last quarter 885b)
Debt / EBITDA = -429.6 (out of range, set to none) (Net Debt -49.1b / EBITDA 114.4m)
Debt / FCF = 284.6 (negative FCF - burning cash) (Net Debt -49.1b / FCF TTM -172.7m)
Total Stockholder Equity = 222b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.00% (Net Income 16.9m / Total Assets 1252b)
RoE = 0.00% (Net Income TTM 16.9m / Total Stockholder Equity 782b)
RoCE = 0.00% (EBIT 34.5m / Capital Employed (Equity 782b + L.T.Debt 318.9m))
RoIC = 0.00% (NOPAT 27.2m / Invested Capital 1211b)
WACC = 1.42% (E(1.02b)/V(6.64b) * Re(8.17%) + D(5.62b)/V(6.64b) * Rd(0.25%) * (1-Tc(0.21)))
Discount Rate = 8.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 37.78 | Cagr: 1.14%
[DCF] Fair Price = unknown (Cash Flow -172.7m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 2.17 | # QB: 1
Revenue Correlation: -65.96 | Revenue CAGR: -6.91% | SUE: 0.85 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.50 | Chg30d=+180.86% | Revisions=+43% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.56 | Chg30d=+33.67% | Revisions=+43% | Analysts=4
EPS current Year (2026-12-31): EPS=1.81 | Chg30d=+18.46% | Revisions=+43% | GrowthEPS=+4629.3% | GrowthRev=+53.5%
EPS next Year (2027-12-31): EPS=1.72 | Chg30d=+8.43% | Revisions=+14% | GrowthEPS=-5.3% | GrowthRev=+1.3%
[Analyst] Revisions Ratio: +43%