GNK Stock Fair Value Calculator – Genco Shipping & Trading Limited Stock Soars 3.45% Despite Valuation Challenges
April 14, 2023
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Genco Shipping & Trading ($NYSE:GNK) Limited saw its stock soar 3.45% at the close of trading on Tuesday, closing at $15.28. This was an increase from the prior day’s closing price of $14.77, making the stock nearly flawless apart from the valuation challenges it faces. Genco Shipping & Trading Limited is a leading international maritime company that provides shipping services focused on transporting crude oil, petroleum products, drybulk, and containers.
Over the past year, the company’s stock price has experienced volatility due to this uncertainty. Despite this, investors remain optimistic about the company’s future prospects and the stock has continued to perform well despite the challenges it faces.
Stock Price
The stock opened at $15.7 and closed at the same price, representing a 0.8% increase from it’s previous closing price of $15.6. This surge in stock price indicates that investors remain optimistic about the company’s potential despite its current valuation concerns. It is yet to be seen how the stock will perform in the long term, but for now GENCO SHIPPING & TRADING remains a potential investment choice for those looking for higher returns. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GNK. More…
| Total Revenues | Net Income | Net Margin |
| 536.93 | 158.58 | 29.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GNK. More…
| Operations | Investing | Financing |
| 189.32 | -55.02 | -190.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GNK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.17k | 205.56 | 22.86 |
Key Ratios Snapshot
Some of the financial key ratios for GNK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.3% | 54.1% | 31.4% |
| FCF Margin | ROE | ROA |
| 24.8% | 10.9% | 9.0% |
Analysis – GNK Stock Fair Value Calculator
At GoodWhale, we have conducted an analysis of GENCO SHIPPING & TRADING’s financials and our proprietary Valuation Line indicates that the fair value of its stock is around $15.4. On the other hand, GENCO SHIPPING & TRADING stock is currently trading at $15.7, which is 1.8% more expensive than the fair value. This indicates that the stock is slightly overvalued at the current market price. More…
Peers
In the shipping industry, there is intense competition among companies to secure business and achieve profitability. Genco Shipping & Trading Ltd is one company that competes against others, such as Golden Ocean Group Ltd, Diana Shipping Inc, and Seanergy Maritime Holdings Corp. All of these companies are striving to be the best in the industry, and each has its own strengths and weaknesses. The competition between them is fierce, and it is important for each company to carefully consider its strategies in order to be successful.
– Golden Ocean Group Ltd ($NASDAQ:GOGL)
Golden Ocean Group Ltd. engages in the ownership and operation of dry-bulk vessels. It operates through the following segments: Bulk Carriers and Tankers. The Bulk Carriers segment offers transportation services for iron ore, coal, grain, steel products, and other dry bulk cargoes. The Tankers segment engages in the transportation of crude oil and refined petroleum products. The company was founded on November 15, 1993 and is headquartered in Hamilton, Bermuda.
– Diana Shipping Inc ($NYSE:DSX)
Diana Shipping is a global provider of shipping transportation services through the ownership and operation of dry bulk vessels. The Company’s vessels are employed primarily on time charters with leading charterers. The Company’s operating fleet consists of 72 dry bulk carrier vessels, with a weighted average age of 12.5 years and an average cargo-carrying capacity of 528,000 DWT. The Company’s vessels are employed primarily on time charters with leading charterers including Cargill International S.A., Bunge S.A., Glencore Agriculture B.V., Louis Dreyfus Company, Phibro LLC and Vitol S.A.
– Seanergy Maritime Holdings Corp ($NASDAQ:SHIP)
Steergy Maritime Holdings Corp is a holding company that owns and operates a fleet of Capesize vessels. The company has a market cap of $87.37 million and a return on equity of 16.65%. The company’s fleet of vessels transport iron ore and coal around the world.
Summary
Genco Shipping & Trading Limited is a shipping and freight transport company that specializes in drybulk cargo transportation. Investing in Genco Shipping & Trading Limited could be a lucrative decision, as the company’s stock has shown an impressive 3.45% increase in its closing price on the day from $14.77 to $15.28. The company’s stock is attractive for investors due to its low price-earnings ratio, low price-sales ratio, and high dividend yield, making it a prime choice for those looking to increase their returns in the market.
Genco Shipping & Trading Limited’s strong financial performance, together with its exceptional customer service, make it an attractive option for investors looking to diversify their portfolios. With its industry-leading shipping operations and experienced management team, Genco Shipping & Trading Limited is well-positioned to continue its growth in the coming years.
