Genco Shipping & Trading Limited

GNK

Marine Shipping · Industrials

Price

$24.12

-1.15 (-4.55%)

Market Cap

$1.05B

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+1.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 42.6M (2021) → 43.4M (2025)

Genco Shipping & Trading is a company that owns and operates a fleet of large cargo ships. These ships carry dry bulk goods — things like iron ore, coal, grain, and steel — across the world's oceans for customers such as mining companies, steel mills, and agricultural exporters. Genco is one of the larger U.S.-listed dry bulk shipping companies, with a fleet of roughly 40 vessels.

Genco makes money by charging customers to rent its ships, either on short-term spot contracts or longer fixed-rate agreements. The company operates globally, moving cargo between major trade routes connecting Asia, Europe, and the Americas. Its competitive position depends heavily on fleet size, vessel age, and operating costs rather than any strong brand advantage. The biggest risk Genco faces is that shipping rates are highly cyclical and tied to global trade volumes, meaning a slowdown in commodity demand — especially from China — can quickly squeeze revenue and profits.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+60.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+175.0% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

16.7%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

5+ years

Quarterly Free Cash Flow

↓ Burn rate worsening

$54.8B cash & investments at current burn rate

Revenue accelerating

Genco Shipping & Trading Limited grew revenue 61% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

21.4%

Thin — 21.4% gross margin

Operating Margin

13.6%

Healthy — 13.6% operating margin

ROCE

0.0%

Weak — 0.0% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+2.2%

Nearly flat sales (2.2% YoY)

EPS YoY

-64.2%

Earnings shrinking (-64.2% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

265%

Turns 265% of profit into real cash

FCF Margin

-45.8%

Burning cash (-45.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.01

Conservative — low debt load (0.01)

Interest Cover

2.45x

Tight — interest eats into profit (2.4x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

P/E Ratio (TTM)

64.2x

Expensive — P/E 64.2

P/E over 35. The market is pricing in heavy, sustained growth.

P/E vs Forward

+54.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (64.2 → 10.2)

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Dividends

Dividend Yield

4.69%

Healthy income — 4.69% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth

-3.4%

Dividend cut (-3.4% YoY) — warning sign

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