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Genco Shipping & Trading (GNK) USD

At a glance: strengths & risks
✗Revenue declining (-19%)✗Profit falling (-106%)✗Loss-making last FY✗Margins compressing (37%→24%)

Sector: Freight & shipping

Geography: Global shipping

COMM_GNK

Price chart

25.75 USDDay 1.26%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
25.75 USD · 1.26%
Market cap
1.1 bn USD

Growth

Δ revenue y/y
60.6%
Δ EBITDA y/y
335.1%

Multiples

P/E (LTM)
66.2x
P/B (FY)
1.2x
P/E (ann.)
30.0x
EV/EBITDA (LTM)
12.6x
EV/EBITDA (ann.)
10.1x

Cash return

Dividend yield
4.5%
FCF yield (LTM)
2.5%

Value creation

to target market cap (spot commodity model)
Upside (potential)
-61.3%
↓ details

Liquidity

Daily turnover (listing)
5.7 mln USD

Shares: yahoo_fundamentals_timeseries/GNK

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK114.4
y/y 60.6%
13.3
y/y —
21.0
y/y 19.1%
34.4
y/y 335.1%
9.3
y/y —
15.7-0.41252.0
y/y 20.6%
885.4
y/y -2.0%
4.2%269.7Link
2025-12-31Q4 2025 (3M)OK109.9
y/y 10.8%
19.0
y/y 30.3%
21.1
y/y 19.2%
40.2
y/y 24.2%
15.4
y/y 21.6%
15.9-0.31138.1
y/y 7.7%
896.5
y/y -3.3%
-0.5%139.1Link
2025-09-30Q3 2025 (3M)OK79.9
y/y -19.5%
2.5
y/y -89.7%
19.3
y/y 16.1%
21.8
y/y -46.5%
-1.1
y/y -104.9%
7.7-1.21107.6
y/y 6.0%
885.9
y/y -4.7%
-0.2%74.0Link
2025-06-30Q2 2025 (3M)OK80.9
y/y -24.4%
-4.3
y/y -116.2%
18.1
y/y 6.1%
13.9
y/y -68.0%
-6.8
y/y -129.0%
5.4-1.11040.2
y/y -1.7%
891.6
y/y -3.3%
-3.0%57.8Link
2025-03-31Q1 2025 (3M)OK71.3
y/y -39.3%
-9.8
y/y -144.2%
17.7
y/y 2.6%
7.9
y/y -79.9%
-11.9
y/y -163.4%
2.9-0.71038.5
y/y -7.1%
903.2
y/y -1.3%
-5.2%53.3Link
2024-12-31Q4 2024 (3M)OK99.2
y/y -14.1%
14.6
y/y 107.6%
17.7
y/y 6.1%
32.3
y/y 36.2%
12.7
y/y 156.7%
30.0-0.71056.6
y/y -7.5%
926.7
y/y 1.5%
8.2%45.5Link
2024-09-30Q3 2024 (3M)OK99.3
y/y 19.2%
24.0
y/y —
16.6
y/y -2.4%
40.7
y/y —
21.5
y/y —
35.6-0.91044.5
y/y -4.6%
929.9
y/y 1.6%
3.1%27.4Link
2024-06-30Q2 2024 (3M)OK107.0
y/y 18.2%
26.3
y/y 102.0%
17.1
y/y 1.8%
43.4
y/y 45.6%
23.5
y/y 103.0%
29.0-1.11058.0
y/y -6.8%
921.8
y/y -3.4%
10.2%56.5Link
2024-03-31Q1 2024 (3M)OK117.4
y/y 24.4%
22.1
y/y 397.3%
17.2
y/y 8.0%
39.3
y/y 92.8%
18.8
y/y 613.7%
32.3-0.21117.8
y/y -2.3%
915.1
y/y -3.5%
8.2%115.8Link
2023-12-31Q4 2023 (3M)OK115.5
y/y —
7.0
y/y —
16.7
y/y —
23.7
y/y —
4.9
y/y —
39.6-0.51141.9
y/y —
913.3
y/y —
-1.4%147.7Link
2023-09-30Q3 2023 (3M)OK83.4
y/y —
-30.4
y/y —
17.0
y/y —
-13.3
y/y —
-32.0
y/y —
13.2-0.41095.0
y/y —
915.2
y/y —
-4.6%98.4Link
2023-06-30Q2 2023 (3M)OK90.6
y/y —
13.0
y/y —
16.8
y/y —
29.8
y/y —
11.6
y/y —
19.4-0.71135.4
y/y —
953.9
y/y —
4.9%105.5Link
2023-03-31Q1 2023 (3M)OK94.4
y/y —
4.4
y/y —
15.9
y/y —
20.4
y/y —
2.6
y/y —
19.6-1.11143.9
y/y —
948.5
y/y —
—117.9Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02550751001252023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

-200%0%200%400%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-150-100-500501002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

01002003002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Key-commodity price — Baltic Exchange Dry Index

Current 2 725spot vs LTM +24%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -61.3% ▼ -0.0 pp 1d

Main driver: Baltic Exchange Dry Index +24% vs LTM; revenue ×1.20 vs costs ×1.08; EBITDA 110→111; at 6.3× EV/EBITDA → -61%.

Product prices — moves vs the LTM average

CommodityShareSpotLTM3-yrvs LTM, $3y vs LTM
Baltic Exchange Dry Index (rev)+85%2 725.002 201.191 909.54+24%-13%
VLSFO America (cost)-25%831.00687.37713.49+21%+4%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue385
LTM EBITDA110
LTM cash costs (revenue − EBITDA)275
2 · Revenue projection
Revenue multiplier — spot×1.202 (+20%)
= Spot revenue463
Revenue multiplier — 3y price×0.887 (-11%)
= 3-year-price revenue342
3 · Costs projection
Cost multiplier — spot×1.082 (+8%)
= Spot cash costs298
Cost multiplier — 3y price×1.039 (+4%)
= 3-year-price cash costs286
4 · EBITDA projection (revenue − costs)
= Spot EBITDA165
= 3-year-price EBITDA56
Conservative EBITDA = min(spot, avg)111
5 · Valuation → target market cap
Historical EV/projected-EBITDA (75th pct)6.3x
Target EV = EV/EBITDA × conservative EBITDA703
Net debt269
Target market cap = EV − net debt434
Current market cap1 121

Upside = target market cap ÷ current − 1 = -61.3%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

PeriodAct. revModel revΔ revAct. EBITDAModel EBITDAΔ EBITDA
2023 Q291101-10.6%3029+3.2%
2023 Q38397-14.1%-1326-151.7%
2023 Q4116150-22.8%2471-66.7%
2024 Q1117123-4.4%3940-1.5%
2024 Q2107118-9.0%4333+30.5%
2024 Q399107-7.4%4124+69.9%
2024 Q49994+5.9%3221+56.8%
2025 Q17174-3.3%87+21.0%
2025 Q28187-7.2%1425-44.3%
2025 Q380112-28.7%2248-55.0%
2025 Q4110110-0.3%4047-15.1%
2026 Q111497+17.7%3430+15.0%

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -19% vs +10% the year before — a -29.3 pp move. 3-year CAGR -14%.
revenue growth by year: 2023 -29% · 2024 +10% · 2025 -19%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 11.8x · target 75th pct (3y) 6.3x · LTM avg 12.1x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-05-180.35 USDEx-dividend: 0.35 USD per sharePaidYahoo Finance (ex-div)
2026-03-110.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2025-11-170.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2025-08-180.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2025-05-220.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2025-03-110.3 USDEx-dividend: 0.3 USD per sharePaidYahoo Finance (ex-div)
2024-11-180.4 USDEx-dividend: 0.4 USD per sharePaidYahoo Finance (ex-div)
2024-08-190.34 USDEx-dividend: 0.34 USD per sharePaidYahoo Finance (ex-div)
2024-05-210.42 USDEx-dividend: 0.42 USD per sharePaidYahoo Finance (ex-div)
2024-03-050.41 USDEx-dividend: 0.41 USD per sharePaidYahoo Finance (ex-div)
2023-11-210.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2023-08-150.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2023-05-150.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2023-03-060.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2022-11-180.78 USDEx-dividend: 0.78 USD per sharePaidYahoo Finance (ex-div)
2022-08-150.5 USDEx-dividend: 0.5 USD per sharePaidYahoo Finance (ex-div)
2022-05-130.79 USDEx-dividend: 0.79 USD per sharePaidYahoo Finance (ex-div)
2022-03-090.67 USDEx-dividend: 0.67 USD per sharePaidYahoo Finance (ex-div)
2021-11-120.15 USDEx-dividend: 0.15 USD per sharePaidYahoo Finance (ex-div)
2021-08-160.1 USDEx-dividend: 0.1 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Genco Shipping & Trading (GNK) — from primary filings.

Genco Shipping & Trading Limited owns and operates dry bulk vessels that transport commodities such as iron ore, grains, coal, and steel products across global shipping routes.

Frequently asked questions

What is Genco Shipping & Trading (GNK)'s P/E ratio?
Genco Shipping & Trading (GNK) trades at a P/E of 66.2x (price to trailing 12-month earnings).
What is Genco Shipping & Trading (GNK)'s EV/EBITDA?
Genco Shipping & Trading (GNK) trades at 12.6x EV/EBITDA.
What is Genco Shipping & Trading (GNK)'s P/B ratio?
Genco Shipping & Trading (GNK) trades at a P/B of 1.2x.
What is Genco Shipping & Trading (GNK)'s dividend yield?
Genco Shipping & Trading (GNK)'s trailing 12-month dividend yield is 4.5%.
What is Genco Shipping & Trading (GNK)'s return on equity (ROE)?
Genco Shipping & Trading (GNK)'s ROE is 4.2%.
What is Genco Shipping & Trading (GNK)'s market capitalization?
Genco Shipping & Trading (GNK)'s market cap is 1.1 bn USD.