Genco Shipping (GNK) AI Stock Analysis

• Market Cap: $1.03B
• Dividend Yield: 4.04%
• Average Volume (3M): 374.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• 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: 469,772
• 30 Day Avg. Volume: 374,020
• 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: 1.14
• Enterprise Value/Revenue: 3.43
• Enterprise Value/Gross Profit: 17.94
• Enterprise Value/Ebitda: 13.58
• 1Y Price Target: $30.00
• Price Target Upside: 28.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: $26.00 ▲(11.21% Upside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is driven primarily by solid balance-sheet resilience but constrained by highly cyclical earnings and cash flows (including a weak latest annual period). Technicals are supportive with strong trend/momentum, and the latest earnings call was constructive on rates, cash generation, liquidity, and dividends, while valuation is held back by negative P/E and earnings volatility.

Positive Factors

Low leverage and ample liquidity

A very conservative balance sheet and large undrawn credit capacity provide durable financial flexibility across drybulk cycles. This cushioning supports dividend policy, opportunistic vessel purchases or refinancing, and reduces solvency risk when spot rates weaken, improving long‑term resilience.

Modern, optimized fleet

A modern, well maintained fleet increases reliability, lowers downtime and voyage costs, and typically commands higher charter premiums. Completed dry‑docking and fleet mix optimization enhance utilization and reduce capex surprises, supporting sustainable earnings when freight markets recover.

Consistent capital returns

A long track record of regular distributions signals disciplined capital allocation and management commitment to shareholder returns. Consistent dividends can attract long‑term investors, imposing governance discipline and incentivizing steady cash generation even through volatile freight cycles.

Negative Factors

Cyclical earnings and cash flow

Genco's profitability and cash conversion swing widely with freight cycles; recent annual losses and negative operating/free cash flow underscore high earnings volatility. This undermines predictability of dividends and investment returns and raises the risk that extended downcycles will strain liquidity despite a strong balance sheet.

High spot exposure

Heavy reliance on spot employment materially amplifies revenue and cash‑flow sensitivity to freight swings. While boosting upside in tight markets, this structural exposure increases probability of sharp earnings declines in adverse cycles, complicating planning for dividends, debt service and capex.

Near‑term acquisition capex and leverage step‑up

Planned vessel deliveries funded from the revolver and an accordion will raise gross debt and reliance on committed facilities. If freight softens, higher post‑acquisition leverage and drawn revolver usage could pressure interest costs, liquidity cushions, and limit optionality for further fleet investment.

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 (low leverage and sizable equity cushion) is a key positive, but income statement and cash flow are materially cyclical with the latest annual period showing deterioration into losses and negative operating/free cash flow, raising stability risk.

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: 23.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 23.38 is above the 20-day moving average (MA) of 21.78, above the 50-day MA of 20.05, and above the 200-day MA of 17.02, indicating a bullish trend. The MACD of 1.07 indicates Negative momentum. The RSI at 72.29 is Negative, neither overbought nor oversold. The STOCH value of 89.80 is Negative, 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
SB	72 Outperform	$649.79M	20.84	4.64%	4.16%	-13.74%	-59.37%
GNK	69 Neutral	$1.03B	-219.30	-0.48%	4.04%	-24.58%	-110.22%
ASC	69 Neutral	$622.76M	17.00	6.46%	2.80%	-26.81%	-78.30%
SBLK	67 Neutral	$2.88B	48.07	2.50%	1.59%	-13.87%	-82.48%
SHIP	66 Neutral	$299.40M	13.42	7.65%	4.94%	-8.99%	-68.66%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DSX	60 Neutral	$295.22M	15.95	4.91%	2.34%	-5.45%	139.59%

Genco Shipping Corporate Events

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.

Genco Shipping Announces Q4 2025 TCE Rate Estimate

On December 5, 2025, Genco Shipping announced an estimated time charter equivalent (TCE) rate of approximately $20,000 per day for the fourth quarter of 2025, covering 95% of its owned available days. This estimate reflects the company’s performance in a strong freight rate environment, with some revenue from voyages fixed in the fourth quarter expected to be recognized in the first quarter of 2026 due to accounting practices. The announcement highlights the company’s operational strategy and market positioning, particularly in the spot market and index-related charters, impacting stakeholders by providing insights into expected financial performance.

The most recent analyst rating on (GNK) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on Genco Shipping stock, see the GNK Stock Forecast page.