GNK
Genco Shipping & Trading Limited [GNK] Stock Forecast
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Genco Shipping & Trading Ltd (GNK) Q1 2023 Earnings Call Transcript
Genco Shipping & Trading Ltd (NYSE:GNK ) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Peter Allen - SVP, Strategy & Finance John Wobensmith - CEO, President, Secretary & Director Apostolos Zafolias - CFO & EVP, Finance Conference Call Participants Omar Nokta - Jefferies Liam Burke - B. Riley Securities Operator Good morning, ladies and gentlemen, and welcome to the Genco Shipping & Trading Limited First Quarter 2023 Earnings Conference Call and Presentation.
Genco Shipping & Trading (GNK) Q1 Earnings Miss Estimates
Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.97 per share a year ago.
Will Genco Shipping (GNK) Beat Estimates Again in Its Next Earnings Report?
Genco Shipping (GNK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
These 3 Industrials Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Genco Shipping & Trading (NYSE:GNK), Greenbrier Companies (NYSE:GBX)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Genco Shipping & Trading Limited Announces First Quarter 2023 Conference Call and Webcast
NEW YORK, April 19, 2023 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the first quarter of 2023 on Thursday, May 4, 2023 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the first quarter ended March 31, 2023 on Wednesday, May 3, 2023 after the close of market trading.
Genco: Profit From The Dry Bulk Shipping Recovery With A Margin Of Safety
Genco has a generous and sustainable dividend policy that rewards shareholders with an annualized yield of 17% on the current stock price. GNK has a strong competitive advantage in the dry bulk shipping industry, with a diverse fleet of 44 vessels, a flexible operational strategy, and a loyal customer base.
Genco Shipping: Playing The Supply-Demand Imbalances
Genco Shipping owns a modern fleet of dry cargo vessels consisting of 27 Capesize and 17 Ultramax/Supramax vessels. I believe GNK stock has a fairly stable margin of safety, supported by the low order book and rising demand for dry bulk shipping services from emerging markets.
GNK Financial details
GNK Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 9.58 | 9.33 | 8.48 | 13.01 | 12.66 | |
| Net income per share | -0.86 | -2.01 | -10.41 | 4.33 | 3.74 | |
| Operating cash flow per share | 1.72 | 1.43 | 0.88 | 5.49 | 4.46 | |
| Free cash flow per share | -4.62 | 0.22 | 0.4 | 2.7 | 3.14 | |
| Cash per share | 5.15 | 3.73 | 3.43 | 2.72 | 1.37 | |
| Book value per share | 27.44 | 23.43 | 17.78 | 21.79 | 22.81 | |
| Tangible book value per share | 27.44 | 23.43 | 17.78 | 21.79 | 22.83 | |
| Share holders equity per share | 27.44 | 23.43 | 17.78 | 21.79 | 22.81 | |
| Interest debt per share | 14.8 | 12.6 | 11.26 | 6.22 | 4.25 | |
| Market cap | 302.84M | 443.52M | 308.44M | 672.98M | 651.46M | |
| Enterprise value | 640.49M | 781.87M | 613.97M | 804.69M | 764.44M | |
| P/E ratio | -9.19 | -5.29 | -0.71 | 3.7 | 4.11 | |
| Price to sales ratio | 0.82 | 1.14 | 0.87 | 1.23 | 1.21 | |
| POCF ratio | 4.59 | 7.45 | 8.36 | 2.91 | 3.44 | |
| PFCF ratio | -1.71 | 48.73 | 18.3 | 5.92 | 4.89 | |
| P/B Ratio | 0.29 | 0.45 | 0.41 | 0.73 | 0.67 | |
| PTB ratio | 0.29 | 0.45 | 0.41 | 0.73 | 0.67 | |
| EV to sales | 1.74 | 2.01 | 1.73 | 1.47 | 1.42 | |
| Enterprise value over EBITDA | 9.27 | 10.21 | 8.28 | 3.16 | 3.32 | |
| EV to operating cash flow | 9.72 | 13.13 | 16.64 | 3.48 | 4.04 | |
| EV to free cash flow | -3.61 | 85.9 | 36.42 | 7.08 | 5.74 | |
| Earnings yield | -0.11 | -0.19 | -1.41 | 0.27 | 0.24 | |
| Free cash flow yield | -0.59 | 0.02 | 0.05 | 0.17 | 0.2 | |
| Debt to equity | 0.55 | 0.56 | 0.65 | 0.31 | 0.21 | |
| Debt to assets | 0.35 | 0.36 | 0.4 | 0.24 | 0.18 | |
| Net debt to EBITDA | 4.88 | 4.42 | 4.12 | 0.52 | 0.49 | |
| Current ratio | 2.65 | 1.75 | 2.18 | 4.17 | 3.43 | |
| Interest coverage | 0.02 | 0.12 | 0.34 | 13.1 | 18.39 | |
| Income quality | -2 | -1.06 | -0.16 | 1.27 | 1.19 | |
| Dividend Yield | 0 | 0.05 | 0.03 | 0.02 | 0.18 | |
| Payout ratio | 0 | -0.25 | -0.02 | 0.07 | 0.73 | |
| Sales general and administrative to revenue | 0.06 | 0.06 | 0.06 | 0.04 | 0.05 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | -3.69 | -0.85 | -0.54 | -0.51 | -0.3 | |
| Capex to revenue | -0.66 | -0.13 | -0.06 | -0.21 | -0.1 | |
| Capex to depreciation | -3.53 | -0.69 | -0.3 | -2.04 | -0.91 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0 | 0.01 | |
| Graham number | 23.02 | 32.52 | 64.54 | 46.06 | 43.81 | |
| ROIC | 0 | 0 | 0.02 | 0.19 | 0.15 | |
| Return on tangible assets | -0.02 | -0.05 | -0.35 | 0.15 | 0.14 | |
| Graham Net | -8.93 | -8.88 | -7.72 | -3.43 | -2.77 | |
| Working capital | 168.58M | 95.54M | 133.58M | 132.94M | 88.89M | |
| Tangible asset value | 1.05B | 978.43M | 744.99M | 916.68M | 968.31M | |
| Net current asset value | -303.71M | -327.27M | -240.61M | -111.5M | -80.13M | |
| Invested capital | 0.51 | 0.51 | 0.6 | 0.27 | 0.18 | |
| Average receivables | 20.9M | 19.57M | 13.35M | 16.55M | 22.72M | |
| Average payables | 12.49M | 32.36M | 30.73M | 20.91M | 23.06M | |
| Average inventory | 22.76M | 28.38M | 24.4M | 23.07M | 23.08M | |
| Days sales outstanding | 25.27 | 12.84 | 13.34 | 13.42 | 17.22 | |
| Days payables outstanding | 19.5 | 50.54 | 13.54 | 34.08 | 17.32 | |
| Days of inventory on hand | 38.14 | 27.72 | 24.63 | 27.94 | 23.14 | |
| Receivables turnover | 14.44 | 28.43 | 27.37 | 27.2 | 21.2 | |
| Payables turnover | 18.72 | 7.22 | 26.96 | 10.71 | 21.08 | |
| Inventory turnover | 9.57 | 13.17 | 14.82 | 13.06 | 15.77 | |
| ROE | -0.03 | -0.09 | -0.59 | 0.2 | 0.16 | |
| Capex per share | -6.34 | -1.21 | -0.48 | -2.79 | -1.32 |
Quarterly Fundamentals Overview
Last date of statement is 2023-03-31 for Q1
| Metric | History | 2022-03-31 | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 |
|---|---|---|---|---|---|---|
| Revenue per share | 3.23 | 3.25 | 3.2 | 2.98 | 2.21 | |
| Net income per share | 0.99 | 1.12 | 0.96 | 0.67 | 0.06 | |
| Operating cash flow per share | 1.25 | 1.1 | 1.28 | 0.84 | 0.46 | |
| Free cash flow per share | 0.13 | 1.02 | 1.19 | 0.79 | 0.39 | |
| Cash per share | 1.02 | 1.05 | 1.54 | 1.37 | 1.04 | |
| Book value per share | 22.15 | 22.41 | 22.85 | 22.73 | 22.25 | |
| Tangible book value per share | 22.15 | 22.42 | 22.87 | 22.75 | 22.27 | |
| Share holders equity per share | 22.15 | 22.41 | 22.85 | 22.73 | 22.25 | |
| Interest debt per share | 4.74 | 4.51 | 4.28 | 4.07 | 3.85 | |
| Market cap | 995.96M | 818.89M | 532.9M | 653.78M | 667.62M | |
| Enterprise value | 1.15B | 962.93M | 647.29M | 766.76M | 785.49M | |
| P/E ratio | 5.97 | 4.32 | 3.26 | 5.7 | 63.37 | |
| Price to sales ratio | 7.31 | 5.94 | 3.92 | 5.15 | 7.07 | |
| POCF ratio | 18.95 | 17.57 | 9.82 | 18.22 | 34.12 | |
| PFCF ratio | 178.17 | 18.91 | 10.5 | 19.43 | 40.52 | |
| P/B Ratio | 1.07 | 0.86 | 0.55 | 0.68 | 0.7 | |
| PTB ratio | 1.07 | 0.86 | 0.55 | 0.68 | 0.7 | |
| EV to sales | 8.44 | 6.99 | 4.76 | 6.04 | 8.32 | |
| Enterprise value over EBITDA | 19.66 | 14.84 | 10.92 | 24.74 | 37.06 | |
| EV to operating cash flow | 21.89 | 20.66 | 11.92 | 21.37 | 40.15 | |
| EV to free cash flow | 205.79 | 22.24 | 12.75 | 22.79 | 47.67 | |
| Earnings yield | 0.04 | 0.06 | 0.08 | 0.04 | 0 | |
| Free cash flow yield | 0.01 | 0.05 | 0.1 | 0.05 | 0.02 | |
| Debt to equity | 0.25 | 0.25 | 0.24 | 0.21 | 0.2 | |
| Debt to assets | 0.2 | 0.2 | 0.19 | 0.18 | 0.17 | |
| Net debt to EBITDA | 2.64 | 2.22 | 1.93 | 3.64 | 5.56 | |
| Current ratio | 2.78 | 2.46 | 2.63 | 3.43 | 3.14 | |
| Interest coverage | 18.77 | 20.46 | 19.85 | 6.73 | 2.19 | |
| Income quality | 1.26 | 0.98 | 1.32 | 1.24 | 6.84 | |
| Dividend Yield | 0.03 | 0.04 | 0.04 | 0.05 | 0.03 | |
| Payout ratio | 0.68 | 0.7 | 0.52 | 1.15 | 8.23 | |
| Sales general and administrative to revenue | 0.04 | 0.05 | 0.04 | 0.06 | 0.08 | |
| Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | -0.89 | -0.07 | -0.07 | -0.06 | -0.16 | |
| Capex to revenue | -0.34 | -0.02 | -0.03 | -0.02 | -0.03 | |
| Capex to depreciation | -3.26 | -0.22 | -0.22 | -0.14 | -0.19 | |
| Stock based compensation to revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | |
| Graham number | 22.2 | 23.74 | 22.22 | 18.56 | 5.56 | |
| ROIC | 0.04 | 0.04 | 0.04 | 0.01 | 0 | |
| Return on tangible assets | 0.04 | 0.04 | 0.03 | 0.02 | 0 | |
| Graham Net | -3.88 | -3.69 | -3.11 | -2.76 | -2.93 | |
| Working capital | 67.33M | 71.23M | 90.44M | 88.89M | 73.05M | |
| Tangible asset value | 934.07M | 950.46M | 972.52M | 968.31M | 949.58M | |
| Net current asset value | -128.29M | -115.54M | -87.45M | -80.13M | -87.07M | |
| Invested capital | 0.21 | 0.2 | 0.19 | 0.18 | 0.17 | |
| Average receivables | 21.25M | 22.5M | 25.41M | 25.6M | 21.01M | |
| Average payables | 21.4M | 13.26M | 18.02M | 19.25M | 21.57M | |
| Average inventory | 23.95M | 27.54M | 31.96M | 26.89M | 23.32M | |
| Days sales outstanding | 13.24 | 16.31 | 17.12 | 17.96 | 15.92 | |
| Days payables outstanding | 13.25 | 15.12 | 23.9 | 16.55 | 29.81 | |
| Days of inventory on hand | 24.09 | 35.06 | 34.43 | 22.12 | 27.66 | |
| Receivables turnover | 6.8 | 5.52 | 5.26 | 5.01 | 5.65 | |
| Payables turnover | 6.79 | 5.95 | 3.77 | 5.44 | 3.02 | |
| Inventory turnover | 3.74 | 2.57 | 2.61 | 4.07 | 3.25 | |
| ROE | 0.04 | 0.05 | 0.04 | 0.03 | 0 | |
| Capex per share | -1.11 | -0.08 | -0.08 | -0.05 | -0.07 |
GNK Frequently Asked Questions
What is Genco Shipping & Trading Limited stock symbol ?
Genco Shipping & Trading Limited is a US stock , located in New york of Ny and trading under the symbol GNK
Is Genco Shipping & Trading Limited buy or a sell ?
3 stock analysts have 3 predictions with a medium analyst target price of $23. The lowest prediction is $20 and the highest is $29
What is GNK stock prediction ?
With a median analyst target price of $20, 2 stock analysts have made 2 forecasts in last 90 days. $20 is the lowest and $20 is the greatest projection.
What is Genco Shipping & Trading Limited stock quote today ?
Genco Shipping & Trading Limited stock price is $13.99 today.
Is Genco Shipping & Trading Limited stock public?
Yes, Genco Shipping & Trading Limited is a publicly traded company.
Company Profile
- Volume Average 957.29K
- Market Capitalization 578.1M
- Employee 1.09K
- CEO Mr. John C. Wobensmith
- Headquarters New York,NY,US
- IPO Date 2005-07-22
-
Website
https://www.gencoshipping.com 
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.
