Want to see GNK full AI Analyst Report?
Top Page
Genco Shipping
(NYSE:GNK)
Select Model
Select Model
Rating:66Neutral
Price Target:
$27.00
â–²(0.86% Upside)
Action:Reiterated
Date:08/09/26
GNK scores above average, driven primarily by strong earnings-call momentum and a low-leverage balance sheet that supports capital returns in an upcycle. The score is held back by inconsistent profitability and weak recent free-cash-flow conversion, plus a demanding P/E for a cyclical business; technicals are supportive but not decisively strong.
Positive Factors
Strong balance sheet and liquidity
A low-leverage balance sheet with sizable cash and a large undrawn revolver provides durable financial flexibility. This supports dividend policy, opportunistic vessel purchases and weathering freight cycles without forcing distress sales or immediate equity raises, preserving long-term strategic optionality.
Negative Factors
Inconsistent free cash flow conversion
Repeated negative FCF in recent periods signals that reported earnings do not reliably convert to distributable cash. Over the next 2–6 months this raises risk that dividends, debt paydown or capex funding require revolver draws or asset sales if spot rates soften, reducing capital allocation flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet and liquidity
A low-leverage balance sheet with sizable cash and a large undrawn revolver provides durable financial flexibility. This supports dividend policy, opportunistic vessel purchases and weathering freight cycles without forcing distress sales or immediate equity raises, preserving long-term strategic optionality.
Read all positive factors
Genco Shipping Key Performance Indicators (KPIs)
Any
Ownership Days
Measures the total number of days Genco owned vessels during the period, showing how much fleet capacity the company had available to generate revenue. Changes signal fleet growth or disposals that directly affect revenue potential and fixed-cost exposure.
Measures the total number of days Genco owned vessels during the period, showing how much fleet capacity the company had available to generate revenue. Changes signal fleet growth or disposals that directly affect revenue potential and fixed-cost exposure.
Data provided by:
The Fly
The FlyGenco Shipping (GNK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.16B
Dividend Yield6.79%
Average Volume (3M)304.60K
Price to Earnings (P/E)29.0
Beta (1Y)1.01
Revenue Growth25.64%
EPS Growth156.91%
CountryUS
Employees1,056
SectorIndustrials
Sector Strength72
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.92
Shares Outstanding43,586,605
10 Day Avg. Volume236,725
30 Day Avg. Volume304,599
Financial Highlights & Ratios
PEG Ratio1.74
Price to Book (P/B)0.89
Price to Sales (P/S)2.34
P/FCF Ratio-13.20
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$32.00Price Target Upside19.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)2.54
Revenue Forecast (FY)$370.37M
Genco Shipping Business Overview & Revenue Model
Company Description
Genco Shipping & Trading Limited, along with its associated companies, is a global participant in the maritime transport industry, focusing on the delivery of dry bulk commodities across the world's oceans. The firm owns and operates a fleet of dr...
How the Company Makes Money
Genco makes money by earning charter revenue from leasing the carrying capacity of its dry bulk vessels to customers who need ocean transportation for bulk commodities. Its primary revenue stream is freight/charter hire collected under time charte...
Genco Shipping Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum driven by materially higher TCE rates, substantial year-over-year EBITDA improvement, accretive fleet renewal and a reinforced capital allocation policy that produced a record Q2 dividend and optimistic dividend guidance for Q3/Q4. Liquidity and leverage remain manageable, though near-term funding for the Genco Volunteer required a $50M revolver draw and $58.5M remaining CapEx. Key risks noted include one-time proxy/tender-related expenses, an active acquisition proposal from Diana Shipping that could introduce strategic uncertainty and dilution concerns, Panama Canal transit risks tied to a likely El Niño, and the exposure of future dividends to continued strong freight markets and firmer secondhand values.Positive Updates
Strong Q2 Earnings and Cash Flow
Q2 adjusted EBITDA of $56.7 million (nearly $57M), a ~300% year-over-year increase; adjusted net income of $29.2 million or $0.67 adjusted basic EPS; GAAP net income of $16.6 million or $0.38 basic EPS.
Negative Updates
Proxy/Tender and Other Operating Expenses
Other operating expenses of $13.1 million in Q2 (primarily shareholder and proxy expenses including financial advisory costs related to inadequacy opinions) reduced GAAP results and were excluded from the dividend calculation; impairment on vessel assets of $1.2 million and an unrealized fuel loss of $0.2 million were recorded.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Q2 Earnings and Cash Flow
Q2 adjusted EBITDA of $56.7 million (nearly $57M), a ~300% year-over-year increase; adjusted net income of $29.2 million or $0.67 adjusted basic EPS; GAAP net income of $16.6 million or $0.38 basic EPS.
Read all positive updates
Company Guidance
The company guided to materially stronger cash generation and dividend capacity in 2026, citing Q2 TCE of $24,273/day (highest quarterly TCE since 2022), Q2 adjusted EBITDA of $56.7M (first half 2026 adjusted EBITDA $92.9M, already exceeding full-year 2025), net income $16.6M (EPS $0.38/$0.37 basic/diluted) and adjusted net income $29.2M (adjusted EPS $0.67/$0.65); the Board declared a Q2 dividend of $0.80/share (annualized yield ~12%), based on operating cash flow of $55M less a $19.5M voluntary reserve, and projects Q3 and Q4 dividends each north of $1.00/share (Q3 fixtures to date $28,600/day for 66% of available days, Q3 TCE to date nearly $29,000/day, ~ $19,000/day above breakeven before maintenance CapEx of ~$10,000/day) driving a projected full‑year dividend > $3.15/share. Balance sheet and fleet metrics supporting this guidance include cash $74M, debt $330M, $350M undrawn revolver, pro forma fleet of 44 vessels (20 Cape/Newcastle, 24 Ultra/Supra), every $1,000 fleet‑wide TCE uplift = ~$16M annualized EBITDA (~$0.36/share) and every $5,000 TCE increase for Capes = ~$36M (~$0.81/share); management has invested $557M in modern vessels since 2021 (including $408M in Capes/Newcastle since 2023 with IRR >30%), returned $308M in dividends since 2021, paid down $119M of debt, and expects remaining CapEx of $58.5M for the Genco Volunteer (paid $6.5M in Q2; $50M drawn in July).Genco Shipping Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 440.69M | 342.05M | 423.02M | 383.82M | 536.93M | 547.13M |
| Gross Profit | 151.10M | 46.00M | 116.68M | 68.16M | 196.26M | 226.26M |
| EBITDA | 140.94M | 85.08M | 159.90M | 64.34M | 230.06M | 255.02M |
| Net Income | 40.32M | -4.37M | 76.40M | -12.87M | 158.58M | 182.01M |
Balance Sheet | ||||||
| Total Assets | 1.26B | 1.14B | 1.06B | 1.14B | 1.17B | 1.20B |
| Cash, Cash Equivalents and Short-Term Investments | 73.59M | 55.54M | 43.69M | 46.54M | 58.14M | 114.57M |
| Total Debt | 325.20M | 200.16M | 89.22M | 194.26M | 171.12M | 246.29M |
| Total Liabilities | 371.09M | 240.29M | 128.37M | 227.26M | 205.56M | 286.33M |
| Stockholders Equity | 888.57M | 896.48M | 926.74M | 913.26M | 967.43M | 916.59M |
Cash Flow | ||||||
| Free Cash Flow | -155.57M | -60.55M | 70.17M | -2.23M | 133.28M | 113.66M |
| Operating Cash Flow | 72.53M | 31.89M | 126.85M | 91.78M | 189.32M | 231.12M |
| Investing Cash Flow | -207.12M | -91.57M | 47.85M | -91.62M | -55.02M | -67.57M |
| Financing Cash Flow | 172.43M | 71.22M | -177.55M | -17.40M | -190.74M | -222.69M |
Genco Shipping Technical Analysis
Positive
26.77
Price Trends
24.37
Positive
23.80
Positive
21.32
Positive
Market Momentum
0.50
Negative
63.50
Neutral
76.37
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 26.77 is above the 20-day moving average (MA) of 25.11, above the 50-day MA of 24.37, and above the 200-day MA of 21.32, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 63.50 is Neutral, neither overbought nor oversold. The STOCH value of 76.37 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 54 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $337.16M | 5.57 | 11.56% | 1.78% | -3.68% | 258.59% | |
74 Outperform | $751.67M | 7.10 | 16.52% | 3.91% | 13.60% | 150.34% | |
73 Outperform | $379.19M | 6.12 | 20.72% | 3.58% | 31.98% | 274.58% | |
71 Outperform | $3.47B | 11.91 | 11.71% | 3.66% | 6.34% | 141.62% | |
68 Neutral | $868.64M | 10.99 | 10.32% | 2.79% | 10.81% | 81.30% | |
66 Neutral | $1.16B | 28.96 | 0.02% | 4.30% | 25.64% | 156.91% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
GNK
Genco Shipping
26.52
10.86
69.32%
DSX
Diana Shipping
2.71
1.10
68.22%
SB
Safe Bulkers
8.53
4.36
104.41%
SHIP
Seanergy Maritime
17.50
10.05
134.99%
SBLK
Star Bulk Carriers
30.50
12.64
70.76%
ASC
Ardmore Shipping
18.40
7.43
67.71%
Genco Shipping Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Genco Shareholders Back Board, Extend Rights Agreement
Positive
Jun 23, 2026
At its June 18, 2026 annual meeting, Genco Shipping Trading Limited reported that shareholders representing 77.23% of eligible common stock participated and elected six directors to serve until the 2027 meeting or their earlier departure. Investo...
Business Operations and StrategyRegulatory Filings and Compliance
Genco Shipping Updates Shareholder Rights Agreement Following Review
Neutral
Jun 2, 2026
On June 2, 2026, Genco Shipping Trading Limited amended its Shareholder Rights Agreement through a Third Amendment, following feedback from investors and a review by its board. The company removed the defined term “Acting in Concert” ...
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.