Genco Shipping & Trading Limited GNK

IndustrialsFreight & Logistics ServicesUnited States of America

Last close 26.19 USD on Nov 1, 2026, +52.1% year to date

Quant rating

Quant rating B Rank 80 of 486 in Industrials

Growth B 136 of 486
Valuation D 348 of 486
Quality C 262 of 486
Revisions A 22 of 486
Momentum A 67 of 486

Wall Street consensus Buy (2.14)Average target 29.20 USD +11.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.1B
Enterprise value: 1.4B
52-week range: 15.70 – 28.40
3-year range: 11.36 – 28.40
Dividend yield: 12.22%
Beta (5 years): 1.04
Shares outstanding: 43.6M
Next earnings: Nov 4, 2026

About the company

Genco Shipping & Trading Limited is a drybulk ship owning company focused on the seaborne transportation of commodities globally. The Company is engaged in the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels. Its segments include major bulk and minor bulk fleet. It transports key cargoes, such as iron ore, coal, grain, steel products, bauxite, cement, nickel ore among other commodities along worldwide shipping routes. It owns a fleet of vessels that focuses on Newcastlemax, Capesize, Ultramax and Supramax vessels. Its fleet consisted of 43 drybulk vessels, including two Newcastlemax vessels, 17 Capesize vessels, 15 Ultramax vessels and nine Supramax vessels, with an aggregate carrying capacity of approximately 4,935,000 deadweight tons (dwt). Its vessels include Genco Stars and Stripes, Genco Augustus, Genco Tiberius, Genco London, Genco Titus, Genco Tiger, Genco Lion, Genco Bear, Genco Hornet, and others.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	342	423	384	537	547	–
Revenue growth	−19.1%	10.2%	−28.5%	−1.9%	53.9%	−0.8%
EPS (basic, normalized)	−0.03	1.66	0.67	3.70	4.24	–
EPS growth	–	147.8%	−81.9%	−12.7%	–	–
Gross margin	35.7%	43.8%	35.1%	47.8%	51.6%	42.8%
Net margin	−1.3%	18.1%	−3.4%	29.5%	33.3%	15.2%
ROE	−0.5%	8.3%	−1.4%	16.8%	21.9%	9.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	73.6
Current ratio	2.97x
Long-term debt (mil)	320
Net debt (mil)	248
Total equity (mil)	889
Net debt / equity	0.28x
Net debt / EBITDA	2.88x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	342	−19.1%	4.1x	85.9	−42.5%	16.2x	−0.03	−101.8%	−873.0x
2026	470	+37.5%	3.0x	230	+167.3%	6.1x	2.59	+8,733.3%	10.1x
2027	475	+1.0%	2.9x	216	−6.1%	6.4x	2.80	+8.1%	9.4x
2028	437	−8.0%	3.2x	270	+25.2%	5.1x	2.81	+0.4%	9.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	470	−0.2%	+4.4%	+16.5%	2.59	−0.7%	+9.2%	+21.9%
2027	475	+0.6%	+13.0%	+19.8%	2.80	+1.7%	+29.9%	+51.7%
2028	437	+0.5%	+17.1%	+17.9%	2.81	+0.6%	+13.1%	+13.8%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	117	107	99.3	99.2	71.3	80.9	99.3	110	114	136
Sales mean (mil)	90.7	95.6	105	90.5	66.0	77.0	94.5	101	82.0	111
Surprise	+29.4%	+11.9%	−5.2%	+9.7%	+7.9%	+5.1%	+5.1%	+8.5%	+39.6%	+23.4%
EPS reported	0.49	0.46	0.41	0.29	−0.28	−0.14	−0.01	0.39	0.26	0.65
EPS mean	0.52	0.45	0.41	0.36	−0.25	−0.13	0.21	0.43	0.06	0.64
Surprise	−5.1%	+2.9%	−0.3%	−20.4%	−10.2%	−4.6%	−104.7%	−8.5%	+347.2%	+1.2%

Peer comparison Freight & Logistics Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
GNK Genco Shipping & Trading Limited	1.1B	2.88x	−1.3%	1.28x	10.1x	9.4x	6.1x	6.4x
MAERSKb AP Moeller - Maersk A/S	49.9B	1.24x	5.0%	0.90x	7.3x	18.1x	4.5x	6.6x
WAWI Wallenius Wilhelmsen ASA	8.1B	1.12x	19.4%	2.11x	11.4x	10.0x	6.3x	5.9x
HAUTO Hoegh Autoliners ASA	3.9B	1.19x	36.0%	2.92x	10.1x	8.8x	8.6x	7.6x
ZIM ZIM Integrated Shipping Services Ltd	3.4B	1.69x	6.9%	0.88x	5.1x	18.4x	2.6x	3.4x
SBLK Star Bulk Carriers Corp.	3.3B	1.63x	8.1%	1.26x	6.3x	6.9x	5.2x	5.4x
Mean		1.63x	12.4%	1.56x	8.4x	11.9x	5.5x	5.9x
Median		1.43x	7.5%	1.27x	8.7x	9.7x	5.6x	6.2x

Technical analysis

1M+1.0%
3M+6.3%
1Y+71.9%
3Y+145.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Genco Shipping & Trading Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	342	423	384	537	547	356
Cost of revenue	220	238	249	280	265	255
Gross profit	122	185	135	256	282	101
Selling, general & administrative expenses	36.0	33.8	32.3	29.0	30.1	28.2
Research & development	–	–	–	–	–	–
Depreciation/amortization	52.8	50.8	53.2	52.4	51.2	59.6
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	1.3	−9.9	41.7	0	−0.5	211
Other operating expenses	25.4	23.6	13.3	7.8	5.1	5.6
Operating income	6.8	87.0	−5.8	167	197	−203
Net interest income (expense)	−10.8	−10.3	−6.1	−8.1	−15.2	−21.4
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−0.5	−0.2	−0.4	0.2	0.5	−0.9
Net income before taxes	−4.5	76.5	−12.4	159	182	−226
Provision for taxes	–	–	–	–	0	–
Minority interest	0.1	−0.1	−0.5	−0.8	0	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−4.4	76.4	−12.9	159	182	−226
Extraordinary items	–	–	–	–	–	–
Net income	−4.4	76.4	−12.9	159	182	−226
EBIT, normalized	8.1	77.2	35.9	167	196	7.5
EBITDA, normalized	60.9	128	89.1	220	247	67.0
Basic EPS, normalized	−0.03	1.66	0.67	3.70	4.24	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Genco Shipping & Trading Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	55.5	43.7	46.5	58.1	115	144
Receivables	15.2	22.1	19.2	26.5	22.5	14.9
Total inventory	25.3	22.4	26.9	21.7	24.9	22.1
Prepaid expenses	9.0	6.8	6.0	3.6	3.9	4.5
Other current assets	4.0	3.0	58.6	15.5	9.0	61.9
Total current assets	109	98.0	157	125	175	247
Property, plant & equipment	952	929	955	1,015	994	971
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	77.0	30.0	29.8	33.0	34.3	15.0
Total assets	1,138	1,057	1,142	1,174	1,203	1,233
Liabilities
Accounts payable	18.6	17.5	10.7	16.2	9.4	11.9
Payable/accrued	–	–	–	–	–	–
Accrued expenses	18.2	18.5	15.9	15.4	22.4	12.7
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	0	80.6
Other current liabilities	8.8	4.7	8.7	5.0	10.1	8.4
Total current liabilities	45.7	40.7	35.3	36.5	41.9	114
Long-term debt	189	82.2	190	165	238	359
Minority interest	1.3	1.5	1.4	0.9	0.1	–
Other liabilities	5.5	5.5	1.8	4.1	6.2	15.3
Total liabilities	242	130	229	206	286	488
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.4	0.4	0.4	0.4	0.4	0.4
Additional paid-in capital	1,465	1,491	1,553	1,589	1,702	1,713
Retained earnings (accumulated deficit)	−569	−565	−641	−628	−787	−969
Treasury stock	–	–	–	–	–	–
Other equity	0	0	0.5	6.5	0.8	0
Total equity	896	927	913	967	917	745
Total liabilities & shareholders' equity	1,138	1,057	1,142	1,174	1,203	1,233

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Genco Shipping & Trading Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−4.5	76.5	−12.4	159	182	−226
Depreciation, depletion & amortization	76.2	68.7	66.5	60.2	56.2	65.2
Deferred taxes	–	–	–	–	–	–
Non-cash items	11.8	0.5	51.5	7.3	3.4	219
Changes in working capital	−51.6	−18.8	−13.8	−37.5	−10.5	−21.4
Cash from operations	31.9	127	91.8	189	231	36.9
Investing activities
Capital expenditures	−92.4	−56.7	−94.0	−56.0	−117	−20.0
Other investing cash flows	0.9	105	2.4	1.0	49.9	57.5
Cash from investing	−91.6	47.8	−91.6	−55.0	−67.6	37.4
Financing activities
Financing cash flow items	−6.0	0	−5.5	0	−6.0	−0.5
Cash dividends paid	−32.8	−67.5	−40.9	−116	−13.5	−9.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	110	−110	29.0	−75.0	−203	−46.6
Cash from financing	71.2	−178	−17.4	−191	−223	−56.9
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	11.5	−2.9	−17.2	−56.4	−59.1	17.4
Free cash flow	−60.5	70.2	−2.2	133	114	16.9

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.