Genco Shipping & Trading Ltd - Understand $gnk stock

$GNK Market Cap: $665.7 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$439.3M

TTM

Gross Margin

43.0%

TTM

Net Earnings

$68.66M

TTM

Current Assets

$127.5M

Q3 2024

Current Liabilities

$41.21M

Q3 2024

Current Ratio

309.33%

Q3 2024

Total Assets

$1.044B

Q3 2024

Total Liabilities

$112.9M

Q3 2024

Book Value

$931.6M

Q3 2024

Cash

$46.67M

Q3 2024

P/E

9.696

Nov 29, 2024 EST

Free Cash Flow

$42.81M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$383.8M	$536.9M	$547.1M	$355.6M	$389.5M	$367.5M	$209.7M	$135.6M	$154.0M	$220.9M	$227.5M	$226.5M	$392.2M	$448.7M	$379.5M	$405.4M	$185.4M	$133.2M	$116.9M	$1.900M
YoY Change	-28.52%	-1.86%	53.88%	-8.71%	5.98%	75.26%	54.65%	-11.95%	-30.29%	-2.9%	0.46%	-42.26%	-12.59%	18.22%	-6.38%	118.66%	39.19%	13.94%	6052.63%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$383.8M	$536.9M	$547.1M	$355.6M	$389.5M	$367.5M	$209.7M	$135.6M	$154.0M	$220.9M	$227.5M	$226.5M	$392.2M	$448.7M	$379.5M	$405.4M	$185.4M	$133.2M	$116.9M	$1.900M
Cost Of Revenue	$249.2M	$280.5M	$264.6M	$254.7M	$285.4M	$213.8M	$123.4M	$126.9M	$142.3M	$133.3M	$119.7M	$121.3M	$110.0M	$83.40M	$62.30M	$52.20M	$32.70M	$25.60M	$19.40M	$200.0K
Gross Profit	$134.6M	$256.4M	$282.5M	$100.8M	$104.1M	$153.7M	$86.30M	$8.700M	$11.70M	$87.60M	$107.7M	$105.1M	$282.2M	$365.2M	$317.2M	$353.1M	$152.7M	$107.6M	$97.50M	$1.700M
Gross Profit Margin	35.07%	47.76%	51.63%	28.35%	26.73%	41.82%	41.15%	6.42%	7.6%	39.66%	47.34%	46.41%	71.95%	81.39%	83.58%	87.1%	82.36%	80.78%	83.4%	89.47%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$32.29M	$29.02M	$30.07M	$28.20M	$32.10M	$31.10M	$29.80M	$54.10M	$83.90M	$68.30M	$34.00M	$35.70M	$33.90M	$29.10M	$18.60M	$19.80M	$14.30M	$10.30M	$6.400M	$100.0K
YoY Change	11.27%	-3.49%	6.62%	-12.15%	3.22%	4.36%	-44.92%	-35.52%	22.84%	100.88%	-4.76%	5.31%	16.49%	56.45%	-6.06%	38.46%	38.83%	60.94%	6300.0%
% of Gross Profit	23.98%	11.32%	10.64%	27.98%	30.84%	20.23%	34.53%	621.84%	717.09%	77.97%	31.57%	33.97%	12.01%	7.97%	5.86%	5.61%	9.36%	9.57%	6.56%	5.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$66.47M	$60.19M	$56.23M	$65.17M	$72.82M	$68.98M	$71.80M	$76.30M	$79.60M	$112.7M	$140.7M	$139.1M	$136.2M	$115.7M	$88.15M	$71.40M	$34.40M	$27.00M	$22.30M	$400.0K
YoY Change	10.43%	7.04%	-13.71%	-10.51%	5.58%	-3.93%	-5.9%	-4.15%	-29.37%	-19.9%	1.18%	2.1%	17.76%	31.21%	23.46%	107.56%	27.41%	21.08%	5475.0%
% of Gross Profit	49.37%	23.47%	19.91%	64.65%	69.96%	44.88%	83.2%	877.01%	680.34%	128.65%	130.64%	132.31%	48.26%	31.67%	27.79%	20.22%	22.53%	25.09%	22.87%	23.53%
Operating Expenses	$98.75M	$89.21M	$86.30M	$93.40M	$104.9M	$100.1M	$101.6M	$129.4M	$163.4M	$180.4M	$174.7M	$174.5M	$169.6M	$144.0M	$106.7M	$91.30M	$48.60M	$37.30M	$28.80M	$500.0K
YoY Change	10.7%	3.37%	-7.6%	-10.96%	4.8%	-1.48%	-21.48%	-20.81%	-9.42%	3.26%	0.11%	2.89%	17.78%	34.96%	16.87%	87.86%	30.29%	29.51%	5660.0%
Operating Profit	-$5.847M	$167.2M	$201.1M	-$203.3M	-$28.40M	$516.0K	-$15.30M	-$120.7M	-$151.7M	-$92.80M	-$67.00M	-$69.35M	$112.6M	$221.3M	$210.5M	$261.8M	$104.1M	$70.30M	$68.70M	$1.200M
YoY Change	-103.5%	-16.84%	-198.91%	615.9%	-5604.46%	-103.37%	-87.32%	-20.44%	63.47%	38.51%	-3.38%	-161.56%	-49.1%	5.13%	-19.6%	151.49%	48.08%	2.33%	5625.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$8.780M	$9.094M	$15.36M	$22.41M	$31.96M	$33.09M	-$28.90M	-$28.20M	-$19.90M	-$48.60M	-$88.10M	$87.56M	$86.72M	$72.65M	$61.80M	-$50.90M	-$24.30M	-$6.800M	-$14.30M	-$200.0K
YoY Change	-3.45%	-40.78%	-31.48%	-29.86%	-3.43%	-214.5%	2.48%	41.71%	-59.05%	-44.84%	-200.62%	0.96%	19.37%	17.56%	-221.41%	109.47%	257.35%	-52.45%	7050.0%
% of Operating Profit		5.44%	7.64%			6412.98%							76.99%	32.83%	29.36%	-19.44%	-23.34%	-9.67%	-20.82%	-16.67%
Other Income/Expense, Net	-$6.509M	-$7.874M	-$19.07M	-$22.24M	-$27.58M	-$33.46M	-$200.0K	$600.0K	-$800.0K	-$100.0K	-$100.0K	-$87.21M	-$86.19M	-$72.04M	-$61.87M	$7.000M	$0.00	$0.00
YoY Change	-17.34%	-58.71%	-14.24%	-19.38%	-17.56%	16628.0%	-133.33%	-175.0%	700.0%	0.0%	-99.89%	1.19%	19.63%	16.44%	-983.83%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	-$12.36M	$159.4M	$182.0M	-$225.6M	-$56.00M	-$32.90M	-$58.70M	-$217.0M	-$252.5M	-$1.225B	-$155.1M	-$156.6M	$26.45M	$149.2M	$148.6M	$86.60M	$106.8M	$63.50M	$54.50M	$900.0K
YoY Change	-107.75%	-12.46%	-180.69%	302.86%	70.21%	-43.95%	-72.95%	-14.06%	-79.38%	689.68%	-0.93%	-691.82%	-82.28%	0.42%	71.62%	-18.91%	68.19%	16.51%	5955.56%
Income Tax			$0.00			$0.00	$0.00	$700.0K	$1.800M	-$1.800M	$1.900M	$1.222M	$1.385M	$1.840M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income			0.0%										5.24%	1.23%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Earnings	-$12.87M	$158.6M	$182.0M	-$225.6M	-$55.99M	-$32.94M	-$58.70M	-$217.8M	-$194.9M	-$1.130B	-$147.7M	-$157.8M	$25.07M	$147.4M	$148.6M	$86.60M	$106.8M	$63.50M	$54.50M	$900.0K
YoY Change	-108.12%	-12.87%	-180.69%	302.92%	69.96%	-43.88%	-73.05%	11.75%	-82.75%	664.93%	-6.39%	-729.39%	-82.99%	-0.82%	71.62%	-18.91%	68.19%	16.51%	5955.56%
Net Earnings / Revenue	-3.35%	29.53%	33.27%	-63.44%	-14.37%	-8.96%	-27.99%	-160.62%	-126.56%	-511.45%	-64.92%	-69.67%	6.39%	32.85%	39.16%	21.36%	57.61%	47.67%	46.62%	47.37%
Basic Earnings Per Share	-$0.30	$3.74	$4.33	-$5.38	-$1.34	-$0.86						-$3.47	$0.72	$4.28	$4.75
Diluted Earnings Per Share	-$0.30	$3.70	$4.27	-$5.38	-$1.34	-$0.86	-$1.716M	-$29.84M	-$29.53M	-$217.3M	-$34.35M	-$3.47	$0.72	$4.07	$4.73	$28.87M	$41.08M	$25.40M	$28.68M	$642.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$46.54M	$58.14M	$114.6M	$143.9M	$155.9M	$197.5M	$174.5M	$133.4M	$121.1M	$83.40M	$122.7M	$72.60M	$228.0M	$270.9M	$188.3M	$125.0M	$255.9M	$83.00M	$46.90M	$7.400M
YoY Change	-19.95%	-49.25%	-20.38%	-7.7%	-21.06%	13.18%	30.81%	10.16%	45.2%	-32.03%	69.01%	-68.16%	-15.84%	43.87%	50.64%	-51.15%	208.31%	76.97%	533.78%
Cash & Equivalents	$46.54M	$58.14M	$114.6M	$143.9M	$155.9M	$197.5M	$174.5M	$133.4M	$121.1M	$83.40M	$122.7M	$72.60M	$228.0M	$270.9M	$188.3M	$125.0M	$71.50M	$73.60M	$46.90M	$7.400M
Short-Term Investments																$0.00	$184.4M	$9.500M	$0.00
Other Short-Term Assets	$64.61M	$19.03M	$12.93M	$66.40M	$23.70M	$19.60M	$10.50M	$18.20M	$27.60M	$19.20M	$16.50M	$6.000M	$6.300M	$5.300M	$22.30M	$3.900M	$2.900M	$2.200M	$1.500M	$400.0K
YoY Change	239.49%	47.17%	-80.52%	180.17%	20.92%	86.67%	-42.31%	-34.06%	43.75%	16.36%	175.0%	-4.76%	18.87%	-76.23%	471.79%	34.48%	31.82%	46.67%	275.0%
Inventory	$26.90M	$21.74M	$24.86M	$22.10M	$27.80M	$30.10M	$16.00M	$9.600M	$10.50M	$11.00M	$11.30M	$10.30M	$10.40M	$7.400M	$4.000M	$3.800M	$2.700M	$1.700M	$1.000M
Prepaid Expenses
Receivables	$17.82M	$25.33M	$20.12M	$13.00M	$13.70M	$22.30M	$12.90M	$10.40M	$10.60M	$14.70M	$14.20M	$11.70M	$13.70M	$8.800M	$2.100M	$2.300M	$2.300M	$500.0K	$200.0K	$700.0K
Other Receivables	$1.402M	$1.180M	$2.349M	$1.900M	$2.000M	$900.0K	$3.500M	$1.000M	$2.700M	$2.000M	$1.100M	$1.800M	$1.000M	$1.300M	$1.400M	$5.900M	$3.900M	$800.0K	$0.00	$0.00
Total Short-Term Assets	$157.3M	$125.4M	$174.8M	$247.2M	$223.2M	$270.5M	$217.2M	$172.6M	$172.5M	$130.3M	$165.9M	$102.5M	$259.4M	$293.7M	$218.1M	$140.7M	$267.6M	$88.10M	$49.70M	$8.500M
YoY Change	25.39%	-28.26%	-29.28%	10.75%	-17.49%	24.54%	25.84%	0.06%	32.39%	-21.46%	61.85%	-60.49%	-11.68%	34.66%	55.01%	-47.42%	203.75%	77.26%	484.71%
Property, Plant & Equipment	$954.8M	$1.015B	$993.9M	$970.6M	$1.288B	$1.347B	$1.267B	$1.356B	$1.510B	$1.534B	$2.679B	$2.668B	$2.801B	$2.786B	$2.026B	$1.728B	$1.226B	$478.7M	$431.8M	$148.1M
YoY Change	-5.97%	2.17%	2.4%	-24.65%	-4.39%	6.36%	-6.58%	-10.18%	-1.57%	-42.76%	0.42%	-4.74%	0.52%	37.52%	17.25%	40.95%	156.11%	10.86%	191.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments								$0.00	$12.30M	$26.50M	$77.60M	$21.00M	$24.50M	$54.70M	$72.20M	$16.80M	$0.00
YoY Change								-100.0%	-53.58%	-65.85%	269.52%	-14.29%	-55.21%	-24.24%	329.76%
Other Assets	$29.82M	$32.99M	$34.30M	$15.00M	$17.60M	$9.900M	$37.10M	$40.60M	$20.30M	$62.60M	$34.90M	$52.30M	$35.00M	$48.20M	$20.60M	$104.5M	$159.7M	$11.50M	$8.400M	$45.00M
YoY Change	-9.62%	-3.81%	128.66%	-14.77%	77.78%	-73.32%	-8.62%	100.0%	-67.57%	79.37%	-33.27%	49.43%	-27.39%	133.98%	-80.29%	-34.56%	1288.7%	36.9%	-81.33%
Total Long-Term Assets	$984.6M	$1.048B	$1.028B	$985.6M	$1.306B	$1.357B	$1.304B	$1.396B	$1.542B	$1.623B	$2.791B	$2.741B	$2.860B	$2.889B	$2.119B	$1.849B	$1.386B	$490.2M	$440.3M	$193.1M
YoY Change	-6.09%	1.97%	4.32%	-24.52%	-3.78%	4.08%	-6.63%	-9.45%	-4.96%	-41.87%	1.84%	-4.16%	-1.01%	36.36%	14.57%	33.46%	182.68%	11.33%	128.02%
Total Assets	$1.142B	$1.174B	$1.203B	$1.233B	$1.529B	$1.628B	$1.521B	$1.569B	$1.715B	$1.753B	$2.957B	$2.843B	$3.119B	$3.183B	$2.337B	$1.990B	$1.653B	$578.3M	$490.0M	$201.6M
YoY Change
Accounts Payable	$10.65M	$16.16M	$9.399M	$11.90M	$26.00M	$15.10M	$9.900M	$6.700M	$8.300M	$9.900M	$5.600M	$4.500M	$5.000M	$6.500M	$3.200M	$4.400M	$4.200M	$1.900M	$1.000M	$800.0K
YoY Change	-34.1%	71.95%	-21.02%	-54.23%	72.19%	52.53%	47.76%	-19.28%	-16.16%	76.79%	24.44%	-10.0%	-23.08%	103.13%	-27.27%	4.76%	121.05%	90.0%	25.0%
Accrued Expenses	$15.89M	$15.42M	$22.42M	$12.70M	$25.20M	$14.00M	$13.40M	$16.20M	$19.20M	$18.30M	$34.90M	$19.20M	$25.70M	$25.30M	$15.40M	$13.00M	$13.40M	$5.900M	$5.000M
YoY Change	3.05%	-31.21%	76.5%	-49.6%	80.0%	4.48%	-17.28%	-15.63%	4.92%	-47.56%	81.77%	-25.29%	1.58%	64.29%	18.46%	-2.99%	127.12%	18.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$115.9M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change										-100.0%
Long-Term Debt Due			$0.00	$80.60M	$69.70M	$66.30M	$24.50M	$4.600M	$579.0M	$34.30M	$1.317B	$700.0K	$185.1M	$71.80M	$50.00M	$0.00	$43.00M	$4.300M	$0.00	$23.20M
YoY Change			-100.0%	15.64%	5.13%	170.61%	432.61%	-99.21%	1588.05%	-97.39%	187985.71%	-99.62%	157.8%	43.6%		-100.0%	900.0%		-100.0%
Total Short-Term Liabilities	$35.29M	$36.54M	$41.90M	$113.6M	$127.7M	$101.9M	$52.40M	$28.90M	$607.5M	$63.90M	$1.482B	$25.70M	$221.7M	$118.0M	$79.00M	$30.20M	$70.40M	$15.20M	$6.000M	$24.00M
YoY Change	-3.43%	-12.78%	-63.12%	-11.04%	25.32%	94.47%	81.31%	-95.24%	850.7%	-95.69%	5664.98%	-88.41%	87.88%	49.37%	161.59%	-57.1%	363.16%	153.33%	-75.0%
Long-Term Debt	$190.2M	$164.9M	$238.2M	$358.9M	$413.0M	$472.3M	$493.5M	$510.3M	$1.100M	$396.2M	$166.7M	$1.527B	$1.509B	$1.674B	$1.277B	$1.173B	$893.0M	$207.6M	$130.7M	$102.6M
YoY Change	15.31%	-30.77%	-33.62%	-13.1%	-12.56%	-4.3%	-3.29%	46290.91%	-99.72%	137.67%	-89.08%	1.16%	-9.86%	31.12%	8.84%	31.39%	330.15%	58.84%	27.39%
Other Long-Term Liabilities	$1.801M	$4.096M	$6.203M	$15.30M	$9.800M					$0.00	$100.0K	$29.70M	$26.60M	$42.10M	$51.90M	$90.00M	$67.70M	$1.900M	$5.100M	$1.600M
YoY Change	-56.03%	-33.97%	-59.46%	56.12%						-100.0%	-99.66%	11.65%	-36.82%	-18.88%	-42.33%	32.94%	3463.16%	-62.75%	218.75%
Total Long-Term Liabilities	$192.0M	$169.0M	$244.4M	$374.2M	$422.8M	$472.3M	$493.5M	$510.3M	$1.100M	$396.2M	$166.8M	$1.557B	$1.536B	$1.717B	$1.329B	$1.263B	$960.7M	$209.5M	$135.8M	$104.2M
YoY Change	13.58%	-30.85%	-34.68%	-11.49%	-10.48%	-4.3%	-3.29%	46290.91%	-99.72%	137.53%	-89.28%	1.34%	-10.52%	29.17%	5.19%	31.5%	358.57%	54.27%	30.33%
Total Liabilities	$228.6M	$206.4M	$286.4M	$487.8M	$550.5M	$574.2M	$545.9M	$539.3M	$608.7M	$708.7M	$1.990B	$1.777B	$1.968B	$2.050B	$1.408B	$1.294B	$1.031B	$224.7M	$141.7M	$128.3M
YoY Change	10.76%	-27.93%	-41.28%	-11.39%	-4.13%	5.18%	1.22%	-11.4%	-14.11%	-64.38%	11.97%	-9.69%	-4.01%	45.59%	8.84%	25.45%	358.88%	58.57%	10.44%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2012	2011	2010	2009
Basic Shares Outstanding	42.77M	42.41M	42.06M	41.91M	41.76M	38.38M	41.73M shares	35.18M shares	32.99M shares	31.30M shares
Diluted Shares Outstanding	42.77M	42.92M	42.59M	41.91M	41.76M	38.38M	41.73M shares	35.26M shares	35.89M shares	31.45M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $665.74 Million

About GENCO SHIPPING & TRADING LTD

Genco Shipping & Trading Ltd. is an international ship owning company, which engages in the transportation of iron ore, coal, grain, steel products, and other drybulk cargoes. The company is headquartered in New York City, New York and currently employs 990 full-time employees. The company went IPO on 2005-07-22. The firm provides a full-service logistics solution to its customers utilizing its in-house commercial operating platform. The firm transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels. Its wholly owned modern fleet of dry cargo vessels consists of the Capesize and the Ultramax and Supramax vessels enabling the Company to carry a range of cargoes. Its fleets consist of over 43 drybulk carriers, including 16 Capesize drybulk carriers, 15 Ultramax drybulk carriers, and 12 Supramax drybulk carriers with an aggregate carrying capacity of approximately 4,490,000 deadweight tons (dwt). The firm's vessels include Baltic Bear, Baltic Hornet, Genco Lion, Baltic Wolf, Genco Aquitaine, Genco Augustus, Genco Bourgogne, Genco Liberty, Genco Freedom, Genco Picardy and Genco Vigilant.

Industry: Deep Sea Foreign Transportation of Freight Peers: Matson, Inc. Eagle Bulk Shipping Inc. KIRBY CORP Pangaea Logistics Solutions Ltd.