Genco Shipping (GNK) AI Stock Analysis

• Market Cap: $592.41M
• Dividend Yield: 4.37%
• Average Volume (3M): 690.12K
• Price to Earnings (P/E): 13.2
• Beta (1Y): 1.09
• Revenue Growth: -7.38%
• EPS Growth: 1295.53%
• Country: US
• Employees: 1,037
• Sector: Industrials
• Sector Strength: 83
• Industry: Marine Shipping
• EPS (TTM): -0.28
• Shares Outstanding: 42,959,465
• 10 Day Avg. Volume: 662,548
• 30 Day Avg. Volume: 690,117
• PEG Ratio: -0.30
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.89
• Enterprise Value/Market Cap: 1.29
• Enterprise Value/Revenue: 0.46
• Enterprise Value/Gross Profit: 9.30
• Enterprise Value/Ebitda: 1.43
• 1Y Price Target: $18.80
• Price Target Upside: 38.64% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 70 Neutral
• Price Target: $14.50 ▲(6.93%Upside)

Genco Shipping's overall stock score is driven by solid financial performance and a strong dividend yield, which are balanced by challenges in revenue consistency and recent net losses. Technical indicators suggest stability, while corporate events reflect positive operational updates. The company's strategic focus on dividends and share repurchases enhances its investment appeal.

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 makes money primarily through the chartering of its drybulk vessels. The company earns revenue by leasing its ships to customers under time charters and voyage charters. In a time charter arrangement, Genco receives a fixed daily rate for providing the vessel to a charterer for a specified period, which provides predictable cash flow. In contrast, voyage charters involve the transportation of specific cargo from one port to another, with revenue derived from negotiated rates based on the cargo and distance traveled. Genco's revenue is heavily influenced by global demand for drybulk commodities, prevailing shipping rates, and the efficient management of its fleet. The company may also engage in strategic partnerships and alliances to optimize its operations and expand its market reach, contributing to its earnings.

Genco Shipping Financial Statement Overview

Summary

Genco Shipping shows solid profitability with a gross profit margin of 21.8% and a net profit margin of 12.1% in the TTM. However, revenue growth has been inconsistent, with a decline from 2022 to 2023, but a recovery is visible in the TTM. EBIT and EBITDA margins are healthy, indicating efficient operations despite past fluctuations.

Income Statement

Genco Shipping shows solid profitability with a gross profit margin of 21.8% and a net profit margin of 12.1% in the TTM. However, revenue growth has been inconsistent, with a decline from 2022 to 2023, but a recovery is visible in the TTM. EBIT and EBITDA margins are healthy, indicating efficient operations despite past fluctuations.

Balance Sheet

The company maintains a strong equity position with an equity ratio of 87.0% in the TTM, indicating financial stability. The debt-to-equity ratio remains low at 0.1, which reduces financial risk. Return on equity is 5.1%, signaling moderate profitability from shareholder's equity.

Cash Flow

Operating cash flow to net income ratio is strong at 2.1 in the TTM, suggesting efficient cash generation relative to earnings. However, free cash flow growth has been volatile, with a decline in the TTM compared to the previous year. The free cash flow to net income ratio of 0.8 shows a fair conversion of profits into cash.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
376.85M	423.02M	383.82M	536.93M	547.13M	355.56M
	Gross Profit
82.16M	116.68M	68.16M	196.26M	226.26M	35.68M
	EBIT
51.23M	87.05M	-5.85M	167.24M	201.12M	7.63M
	EBITDA
127.88M	159.87M	60.62M	230.06M	255.02M	-136.63M
	Net Income Common Stockholders
45.68M	76.40M	-12.87M	158.58M	182.01M	-247.13M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
30.24M	43.69M	46.54M	58.14M	114.57M	143.87M
	Total Assets
1.04B	1.06B	1.14B	1.17B	1.20B	1.23B
	Total Debt
89.19M	89.22M	194.26M	171.12M	246.29M	449.40M
	Net Debt
58.95M	45.53M	147.72M	112.98M	131.72M	305.53M
	Total Liabilities
133.88M	128.37M	227.26M	205.56M	286.33M	487.81M
	Stockholders Equity
903.21M	926.74M	913.26M	967.43M	916.59M	744.99M
Cash Flow		Free Cash Flow
38.50M	70.17M	-2.23M	133.28M	113.66M	16.86M
	Operating Cash Flow
97.50M	126.85M	91.78M	189.32M	231.12M	36.90M
	Investing Cash Flow
27.44M	47.85M	-91.62M	-55.02M	-67.57M	37.44M
	Financing Cash Flow
-143.06M	-177.55M	-17.40M	-190.74M	-222.69M	-56.91M

Genco Shipping Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 13.56
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNK, the sentiment is Neutral. The current price of 13.56 is above the 20-day moving average (MA) of 13.45, above the 50-day MA of 13.19, and below the 200-day MA of 14.48, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 51.00 is Neutral, neither overbought nor oversold. The STOCH value of 45.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GNK.

Genco Shipping Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SBLK	76 Outperform	$1.99B	8.61	11.09%	1.19%	25.60%	-9.32%
NAT	70 Outperform	$605.61M	16.70	6.96%	9.79%	-3.87%	-46.50%
GNK	70 Neutral	$592.41M	13.22	5.02%	4.37%	-7.38%	1295.53%
SB	68 Neutral	$391.85M	5.72	9.82%	5.24%	-2.98%	-0.96%
SFL	66 Neutral	$1.28B	21.23	5.09%	12.27%	6.68%	-57.55%
GOGL	66 Neutral	$1.57B	13.81	6.06%	2.55%	-7.73%	-39.13%
Sector *	66 Neutral	$4.46B	12.15	5.40%	4.71%	4.16%	-11.97%

Genco Shipping Corporate Events

Genco Shipping Updates Q2 2025 TCE Rate Estimate

On June 13, 2025, Genco Shipping updated its estimated TCE rate for Q2 2025 to approximately $13,800 per day for 95% of its available days, reflecting both period and spot fixtures. This estimation, based on current bookings, may impact the company’s financial performance and market positioning, but actual results could vary due to factors like voyage duration and market conditions.

The most recent analyst rating on (GNK) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Genco Shipping stock, see the GNK Stock Forecast page.

Genco Shipping Holds Annual Shareholders Meeting

On May 20, 2025, Genco Shipping & Trading Limited held its Annual Meeting of Shareholders, where 66.44% of the eligible shares were represented. During the meeting, shareholders elected seven directors, approved an advisory resolution on executive compensation, and ratified Deloitte & Touche LLP as the independent certified public accountants for the fiscal year ending December 31, 2025.

The most recent analyst rating on (GNK) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Genco Shipping stock, see the GNK Stock Forecast page.