Genco Shipping & Trading Ltd (GNK)
NYSE:GNK
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Genco Shipping
(NYSE:GNK)
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Rating:69Neutral
Price Target:
$26.00
â–²(8.60% Upside)
Action:ReiteratedDate: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
Strong balance sheet
A sizable equity cushion and materially lower leverage give Genco durable financial flexibility across shipping cycles. This balance-sheet strength supports dividend policy, funds opportunistic acquisitions, and reduces refinancing risk during downturns, sustaining operations through volatile freight markets.
Negative Factors
Cyclical earnings & cash flow
Earnings and cash generation are highly cyclical; a recent swing to net losses and negative free cash flow demonstrates material downside in weak freight markets. This volatility risks dividend consistency, constrains reinvestment, and limits resilience if spot rates meaningfully retreat.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A sizable equity cushion and materially lower leverage give Genco durable financial flexibility across shipping cycles. This balance-sheet strength supports dividend policy, funds opportunistic acquisitions, and reduces refinancing risk during downturns, sustaining operations through volatile freight markets.
Read all positive factors
Genco Shipping (GNK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.01B
Dividend Yield4.04%
Average Volume (3M)498.85K
Price to Earnings (P/E)13.0
Beta (1Y)1.05
Revenue Growth-24.58%
EPS Growth-110.22%
CountryUS
Employees1,037
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.39
Shares Outstanding43,317,810
10 Day Avg. Volume244,589
30 Day Avg. Volume498,849
Financial Highlights & Ratios
PEG Ratio1.73
Price to Book (P/B)0.89
Price to Sales (P/S)2.34
P/FCF Ratio-13.20
Enterprise Value/Market Cap1.14
Enterprise Value/Revenue3.37
Enterprise Value/Gross Profit17.67
Enterprise Value/Ebitda13.38
Forecast
1Y Price Target
$30.00Price Target Upside25.31% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.61
Revenue Forecast (FY)$326.82M
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 o...
How the Company Makes Money
Genco makes money primarily by chartering its drybulk vessels to customers in exchange for freight revenue. Its revenue model is centered on: (1) Time charters: customers pay a contracted daily rate (hire) for use of a vessel over a fixed period; ...
Genco Shipping Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call emphasized multiple strong operating and financial improvements: record-ish quarterly EBITDA and TCE for the year, substantial dividend increases, low net leverage, significant liquidity, accretive fleet investments, and favorable dry bulk market fundamentals (notably Capesize demand driven by Brazilian and West African long-haul iron ore/bauxite). Offsetting items include rising charter and operating costs, remaining acquisition CapEx, increased asset prices making future purchases more expensive, and concentrated spot exposure (80% of days) which raises sensitivity to market volatility. Overall the positives — robust earnings, low leverage, strong liquidity, and clear strategy execution — materially outweigh the listed risks.Positive Updates
Strong Q4 Financial Performance
Q4 adjusted EBITDA of $42.0M (highest quarterly level since 2022) and TCE of $20,064/day, representing sequential improvement and contributing to full-year 2025 EBITDA of $85.9M.
Negative Updates
Rising Operating and Charter Costs
Charter hire costs rose materially (Q4 charter hire roughly doubled sequentially per commentary) and vessel OpEx is expected to marginally increase in Q1 due to crew-related timing; company acknowledges inflationary pressure on crew, spares and stores.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Q4 Financial Performance
Q4 adjusted EBITDA of $42.0M (highest quarterly level since 2022) and TCE of $20,064/day, representing sequential improvement and contributing to full-year 2025 EBITDA of $85.9M.
Read all positive updates
Company Guidance
The company guided to continued strong cash generation and higher shareholder distributions in Q1 2026, expecting ~80% of owned available days fixed at roughly $18,000/day (estimated Q1 TCE), which they note is the highest Q1 TCE since 2024 and over 50% above Q1 2025; Q4 2025 results included adjusted EBITDA of $42.0M, TCE of $20,064/day, net income $15.4M (adjusted net income $17.3M), operating cash flow of $41M and a $0.50 Q4 dividend (26th consecutive dividend, ~9% annualized yield on the current share price). Balance sheet and liquidity guidance: cash $55.5M, debt $200M, undrawn revolver $400M, industry‑low net loan‑to‑value of 12%, sub‑$10,000 cash breakeven (~$9,715/vessel/day excl. drydocking), full‑year 2025 EBITDA $85.9M, and pro forma plans to take delivery of 2 Newcastlemaxes in March with ~$131M remaining CapEx funded largely from the revolver, an $80M accordion to take total capacity to $680M (pro forma debt ~$330M, undrawn ~$350M) and a pro forma fleet of 45 vessels; management reiterated sensitivity metrics that every $1,000 fleet‑wide TCE equals ~$16M annualized EBITDA (~$0.37/sh) and every $5,000 on the 19 Cape/Nuc vessels equals ~$34M (~$0.77/sh) of incremental earnings/dividend capacity.Genco Shipping Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| 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
Positive
23.94
Price Trends
22.15
Positive
20.27
Positive
18.08
Positive
Market Momentum
0.48
Negative
54.27
Neutral
66.67
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 23.94 is above the 20-day moving average (MA) of 22.65, above the 50-day MA of 22.15, and above the 200-day MA of 18.08, indicating a bullish trend. The MACD of 0.48 indicates Negative momentum. The RSI at 54.27 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GNK.
Genco Shipping Risk Analysis
Genco Shipping disclosed 52 risk factors in its most recent earnings report. Genco Shipping reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Genco Shipping Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.01B | 13.01 | -0.49% | 4.04% | -24.58% | -110.22% | |
69 Neutral | $631.62M | 12.03 | 6.37% | 2.80% | -26.81% | -78.30% | |
66 Neutral | $657.43M | 12.88 | 4.68% | 4.16% | -13.74% | -59.37% | |
66 Neutral | $302.78M | 3.91 | 7.83% | 4.94% | -8.99% | -68.66% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $2.76B | 26.26 | 3.46% | 1.59% | -13.87% | -82.48% | |
55 Neutral | $298.97M | 15.21 | 3.60% | 2.34% | -5.45% | 139.59% |
* Industrials Sector Average
GNK
Genco Shipping
23.30
11.16
91.86%
DSX
Diana Shipping
2.42
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71.88%
SB
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6.43
3.11
93.85%
SHIP
Seanergy Maritime
14.34
9.19
178.45%
SBLK
Star Bulk Carriers
24.22
10.39
75.09%
ASC
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15.48
6.78
77.95%
Genco Shipping Corporate Events
Regulatory Filings and Compliance
Genco Shipping Formalizes Employee Retention Plan Disclosure Update
Neutral
Mar 27, 2026
Genco Shipping Trading Limited, a dry bulk shipping company, reported an administrative update related to its previously disclosed Employee Retention Plan. The plan was originally described in a Current Report on Form 8-K filed on February 13, 20...
Business Operations and StrategyPrivate Placements and Financing
Genco Shipping Expands Credit Facility to Fund Fleet Growth
Positive
Mar 5, 2026
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 f...
Business Operations and Strategy
Genco Shipping Adopts Employee Retention and Severance Plan
Positive
Feb 13, 2026
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 rete...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.