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Genco Shipping (GNK)
NYSE:GNK
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Genco Shipping
(NYSE:GNK)
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Rating:59Neutral
Price Target:
$19.50
▲(23.42% Upside)
Genco Shipping's overall stock score is driven by strong earnings call insights and positive technical indicators, despite financial performance challenges and valuation concerns. The company's strategic positioning and consistent dividend record are significant strengths.
Genco Shipping (GNK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$790.05M
Dividend Yield4.11%
Average Volume (3M)483.69K
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue Growth-24.58%
EPS Growth-110.22%
CountryUS
Employees1,037
SectorN/A
Sector StrengthN/A
IndustryMarine Shipping
Share Statistics
EPS (TTM)-0.01
Shares Outstanding43,243,164
10 Day Avg. Volume389,961
30 Day Avg. Volume483,686
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.65
Price to Sales (P/S)1.42
P/FCF Ratio8.55
Enterprise Value/Market Cap0.00
Enterprise Value/Revenue0.00
Enterprise Value/Gross Profit0.00
Enterprise Value/Ebitda0.00
Forecast
1Y Price Target
$22.25Price Target Upside40.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Genco Shipping Business Overview & Revenue Model
Company DescriptionGenco Shipping & Trading Limited (GNK) is a leading provider of marine transportation services, primarily focused on the transportation of dry bulk cargoes. The company operates a fleet of modern vessels that transport a variety of commodities, including iron ore, coal, grain, and fertilizers. Genco Shipping is strategically positioned in the maritime shipping industry, leveraging its expertise and operational efficiency to serve major global markets. The company is involved in both spot market and time chartering of its vessels, catering to diverse shipping needs.
How the Company Makes MoneyGenco 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 Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong focus on consistent dividend payments and optimistic future performance with strategic fleet acquisitions and low financial leverage. Despite a small financial loss in Q3 and increased debt from recent acquisitions, the positive outlook on industry fundamentals and effective capital management were emphasized.Q3-2025 Updates
Positive Updates
Consistent Dividend Record
Declared a dividend of $0.15 per share, marking 25 consecutive quarters of dividends, the longest in their drybulk peer group.
Strong Q4 Performance Expectations
Estimated Q4 TCE to be up more than 25%, achieving over $20,000 per day fleet-wide, with Capesize vessels at $27,000 per day and minor bulk fleet at $16,000 per day.
Fleet and Growth Strategy
Completed 90% of drydocking for the year, acquired a 2020-built Capesize vessel, marking the fourth such acquisition since Q4 2023, with strong fundamentals in place.
Financial Health and Leverage
Achieved an industry low cash flow breakeven rate, maintained a low net loan-to-value ratio, and $430 million in undrawn revolver availability.
Improved Industry Fundamentals
Record Brazilian iron ore shipments and increased Chinese demand for coal have boosted freight rates, with a significant improvement noted in Q3.
Negative Updates
Q3 Financial Loss
Recorded a net loss of $1.1 million or $0.02 per share, with an adjusted net loss of $0.01 per share.
Debt Increase
Debt outstanding increased to $170 million due to the purchase of a Capesize vessel, though offset by long-term debt reduction since 2021.
Company Guidance
During the third quarter of 2025, Genco Shipping & Trading Limited provided guidance reflecting robust performance and strategic advancements in their third-quarter earnings call. The company declared a $0.15 per share dividend, maintaining a 25-quarter streak of consecutive dividends, which represents 43% of the current share price when including all dividends since Q4 2023. Genco has completed 90% of its drydocking schedule, positioning itself to capitalize on a strong Q4 freight market with an estimated Time Charter Equivalent (TCE) of over $20,000 per day, a significant increase of more than 25% from previous quarters. The Capesize fleet achieved approximately $27,000 per day, while the minor bulk fleet reached approximately $16,000 per day, both surpassing the industry-low cash flow breakeven rate of $10,000 per day. The company also highlighted its strategic acquisition of a 2020-built Capesize vessel in October, enhancing its fleet's earnings potential. Genco underscored its capital allocation strategy, having invested $347 million in modern vessels, distributed $264 million in dividends, and reduced debt by $279 million since April 2021. With a low net loan-to-value ratio and $430 million in undrawn revolver availability, Genco is well-positioned to navigate the current volatile market and continue focusing on dividends, deleveraging, and growth.Genco Shipping Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
65
Positive
Cash Flow
40
Negative
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Genco Shipping Technical Analysis
Positive
15.80
Price Trends
17.49
Positive
17.36
Positive
15.41
Positive
Market Momentum
0.15
Positive
50.93
Neutral
21.86
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 15.8 is below the 20-day moving average (MA) of 18.65, below the 50-day MA of 17.49, and above the 200-day MA of 15.41, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 50.93 is Neutral, neither overbought nor oversold. The STOCH value of 21.86 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
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
72 Outperform | $491.18M | 13.17 | 5.58% | 4.14% | -13.74% | -59.37% | |
70 Outperform | $198.05M | 12.89 | 5.66% | 4.91% | -8.99% | -68.66% | |
70 Outperform | $442.39M | 13.98 | 5.28% | 2.75% | -26.81% | -78.30% | |
67 Neutral | $2.10B | 34.85 | 2.50% | 1.60% | -13.87% | -82.48% | |
65 Neutral | $193.34M | 10.25 | 4.91% | 2.33% | -5.45% | 139.59% | |
59 Neutral | $790.05M | -111.75 | -0.78% | 4.11% | -24.58% | -110.22% |
* Sector Average
GNK
Genco Shipping
18.64
5.18
38.48%
DSX
Diana Shipping
1.72
-0.14
-7.53%
SB
Safe Bulkers
4.83
1.37
39.60%
SHIP
Seanergy Maritime
9.37
2.64
39.23%
SBLK
Star Bulk Carriers
18.80
3.81
25.42%
ASC
Ardmore Shipping
10.79
-0.76
-6.58%
Genco Shipping Corporate Events
Business Operations and StrategyFinancial Disclosures
Genco Shipping Announces Q4 2025 TCE Rate Estimate
Positive
Dec 5, 2025
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.
Business Operations and StrategyRegulatory Filings and Compliance
Genco Shipping Amends Shareholder Rights Agreement
Neutral
Nov 10, 2025
On November 10, 2025, Genco Shipping & Trading Limited amended its Shareholder Rights Agreement to adjust the definition of ‘Acquiring Person’ and modify the beneficial ownership threshold to 10%, or 15% for 13G Investors. This amendment aims to protect the company from hostile takeovers and ensure shareholders can realize long-term value, while still allowing the board to consider fair offers. The amendment also addresses the status of Diana Shipping Inc. as a Grandfathered Shareholder, maintaining its position unless its ownership exceeds certain thresholds.
Business Operations and Strategy
Genco Shipping Adopts Shareholder Rights Plan
Neutral
Oct 1, 2025
On October 1, 2025, Genco Shipping & Trading Limited announced the adoption of a limited duration shareholder rights plan, effective immediately and expiring on September 30, 2026. This plan aims to protect shareholders’ interests by preventing any entity from gaining control of the company without paying a fair premium, while still allowing the Board to consider fair offers. The rights plan allows shareholders to purchase additional shares at a favorable rate if a person or group acquires 15% or more of the company’s stock without Board approval. This strategic move is designed to ensure shareholders can realize the long-term value of their investment and provides the Board with time to fulfill its fiduciary duties.
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.