Genco Shipping (GNK) AI Stock Analysis

• Market Cap: $920.07M
• Dividend Yield: 4.04%
• Average Volume (3M): 547.46K
• Price to Earnings (P/E): 13.0
• Beta (1Y): 1.14
• Revenue Growth: -24.58%
• EPS Growth: -110.22%
• Country: US
• Employees: 1,037
• Sector: Industrials
• Sector Strength: 72
• Industry: Marine Shipping
• EPS (TTM): 0.39
• Shares Outstanding: 43,317,810
• 10 Day Avg. Volume: 755,916
• 30 Day Avg. Volume: 547,464
• PEG Ratio: 1.73
• Price to Book (P/B): 0.89
• Price to Sales (P/S): 2.34
• P/FCF Ratio: -13.20
• Enterprise Value/Market Cap: 1.19
• Enterprise Value/Revenue: 3.21
• Enterprise Value/Gross Profit: 16.81
• Enterprise Value/Ebitda: 12.73
• 1Y Price Target: $30.00
• Price Target Upside: 41.24% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 1.6
• Revenue Forecast (FY): $326.82M

• Rating: 69 Neutral
• Price Target: $26.00 ▲(22.41% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is driven primarily by a strong balance sheet and constructive technical trend, alongside upbeat earnings-call guidance on cash generation and distributions. Offsetting these positives are the latest period’s sharp earnings/cash-flow deterioration and the company’s high exposure to cyclical freight-rate volatility.

Positive Factors

Balance Sheet Strength

Genco's low leverage and sizable equity cushion provide durable financial flexibility in a cyclical industry. Strong liquidity and conservative debt profiles reduce refinancing risk, enable opportunistic ship purchases or capital returns, and support operations during freight downturns.

Consistent Capital Returns

A long streak of quarterly dividends and recent increases signal disciplined capital allocation and a management focus on shareholder returns. This track record suggests governance that prioritizes distributable cash generation and credibility in sustaining payouts through cycles when cash permits.

Fleet Modernization & Accretive Investments

Targeted investment in modern, scrubber-fitted Newcastlemax and other high-spec vessels raises earning premium and fuel/operational efficiency. A younger, higher-spec fleet enhances long-term TCE potential, resale value and resilience to regulatory/fuel cost shifts versus older tonnage.

Negative Factors

Earnings & Cash-flow Volatility

Profitability and free cash flow are highly cyclical; the recent step-down to a net loss and negative operating/free cash flow highlights earnings unpredictability. This volatility can strain dividends, delay reinvestment and increase reliance on credit in weaker freight markets.

High Spot Exposure

With roughly 80% of available days exposed to the spot market, Genco's revenue and EBITDA remain highly sensitive to short- and medium-term freight-rate swings. High spot reliance magnifies earnings volatility and heightens downside risk if drybulk demand softens.

CapEx & Rising Costs Raise Leverage Risk

Material remaining CapEx funded from the revolver and facility accordion increases pro forma debt and financial commitments. Combined with upward pressure on charter/crew/asset prices, higher capital needs can compress returns, reduce flexibility and elevate refinancing or liquidity strain in weaker cycles.

Genco Shipping Business Overview & Revenue Model

Company Description

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, 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.

How the Company Makes Money

Genco Shipping generates revenue primarily through the chartering of its fleet, which includes both spot charters and time charters. In a spot charter, the company earns money by transporting cargo for a single trip at current market rates, while in a time charter, it leases its vessels for a specified duration, typically at a fixed rate. Additionally, Genco may benefit from long-term contracts with customers that provide more stability in revenue. The company also engages in strategic partnerships with other shipping firms and charterers, enhancing its market reach and operational efficiency. Factors such as global trade dynamics, commodity prices, and fleet utilization rates significantly impact its earnings.

Genco Shipping Financial Statement Overview

Summary

Balance sheet strength is a key positive (low leverage and sizable equity cushion), but income statement and cash flow are notably cyclical. The latest annual period shows a step-down into net losses and negative operating/free cash flow, raising near-term stability risk despite prior upcycle strength.

Income Statement

Profitability and growth have been highly cyclical. The company posted strong results in 2021–2022 with healthy gross and net margins, but performance weakened in 2023 and rebounded in 2024 with solid revenue growth and profitability. The latest annual period shows a sharp deterioration to a net loss and extremely thin operating profitability versus revenue, indicating meaningful earnings volatility and a weaker near-term trajectory.

Balance Sheet

The balance sheet is a clear strength, with low leverage in recent years and a very conservative debt load relative to equity (improving materially from 2020 levels). Equity remains sizable versus total assets, providing a cushion for a cyclical shipping environment. The main weakness is that returns on equity swing widely and turned negative in down years, reflecting earnings volatility rather than balance-sheet stress.

Cash Flow

Cash generation has been strong in the upcycle (2021–2022) and remained positive in 2023–2024 on an operating basis, with 2024 producing solid free cash flow. However, the latest annual period shows negative operating and free cash flow, and free cash flow growth is sharply negative, highlighting uneven cash conversion and higher cash-flow risk when market conditions soften.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	342.05M	423.02M	383.82M	536.93M	547.13M
Gross Profit	46.00M	116.68M	68.16M	196.26M	226.26M
EBITDA	86.47M	159.90M	64.34M	230.06M	255.02M
Net Income	-4.37M	76.40M	-12.87M	158.58M	182.01M
Balance Sheet
Total Assets	1.14B	1.06B	1.14B	1.17B	1.20B
Cash, Cash Equivalents and Short-Term Investments	55.54M	43.69M	46.54M	58.14M	114.57M
Total Debt	200.16M	89.22M	194.26M	171.12M	246.29M
Total Liabilities	240.29M	128.37M	227.26M	205.56M	286.33M
Stockholders Equity	896.48M	926.74M	913.26M	967.43M	916.59M
Cash Flow
Free Cash Flow	-60.55M	70.17M	-2.23M	133.28M	113.66M
Operating Cash Flow	31.89M	126.85M	91.78M	189.32M	231.12M
Investing Cash Flow	-91.57M	47.85M	-91.62M	-55.02M	-67.57M
Financing Cash Flow	71.22M	-177.55M	-17.40M	-190.74M	-222.69M

Genco Shipping Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNK, the sentiment is Positive. The current price of 21.24 is below the 20-day moving average (MA) of 22.35, above the 50-day MA of 20.82, and above the 200-day MA of 17.23, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 53.11 is Neutral, neither overbought nor oversold. The STOCH value of 37.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GNK.

Genco Shipping Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNK	69 Neutral	$920.07M	13.01	-0.49%	4.04%	-24.58%	-110.22%
ASC	69 Neutral	$580.11M	12.03	6.37%	2.80%	-26.81%	-78.30%
SB	66 Neutral	$620.63M	12.88	4.68%	4.16%	-13.74%	-59.37%
SHIP	66 Neutral	$262.24M	9.07	7.83%	4.94%	-8.99%	-68.66%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SBLK	62 Neutral	$2.53B	26.26	3.46%	1.59%	-13.87%	-82.48%
DSX	55 Neutral	$268.59M	15.21	3.60%	2.34%	-5.45%	139.59%

Genco Shipping Corporate Events

Genco Shipping Expands Credit Facility to Fund Fleet Growth

On February 27, 2026, Genco Shipping & Trading Limited amended its existing credit agreement with a bank group led by Nordea Bank Abp, New York Branch, increasing its revolving credit facility by $80 million to a total of $680 million through the facility’s accordion feature. The company plans to use the expanded borrowing capacity to help finance two Newcastlemax vessels it has agreed to acquire, which will be pledged as additional collateral, signaling ongoing fleet expansion and leverage of its balance sheet to support growth in dry bulk shipping capacity.

The most recent analyst rating on (GNK) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Genco Shipping stock, see the GNK Stock Forecast page.

Genco Shipping Adopts Employee Retention and Severance Plan

On February 13, 2026, Genco Shipping & Trading Limited’s board approved an Employee Retention Plan, on the recommendation of its independent compensation committee, to enhance severance arrangements for a broad group of staff and promote retention of employees who execute the company’s drybulk strategy. The plan, developed with outside consultants, is designed to support business stability and keep key talent focused on long-term shareholder returns through volatile shipping cycles.

The plan introduces a double-trigger structure under which severance and benefits are only paid if there is a qualifying termination within two years after a change in control, with protections calibrated to avoid or optimize excise tax exposure for employees. For top executives, severance terms largely mirror existing employment and equity agreements, while also imposing post-employment non-compete and non-solicit covenants, and other employees receive salary-based payments, potential prorated bonuses, accelerated equity vesting, and certain benefits and outplacement services upon qualifying termination.

The most recent analyst rating on (GNK) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Genco Shipping stock, see the GNK Stock Forecast page.