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Genco Shipping & Trading

DB:GNU1
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GNU1
DB
$432M
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The last earnings update was 65 days ago. More info.


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GNU1 Share Price and Events
7 Day Returns
14.1%
DB:GNU1
4.1%
Europe Shipping
2.8%
DE Market
1 Year Returns
-
DB:GNU1
6.2%
Europe Shipping
3%
DE Market
GNU1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Genco Shipping & Trading (GNU1) 14.1% -1.8% -4.3% - - -
Europe Shipping 4.1% -1.6% 9.8% 6.2% 6.6% -14.5%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • No trading data on GNU1.
  • No trading data on GNU1.
Price Volatility
GNU1
Industry
5yr Volatility vs Market

GNU1 Value

 Is Genco Shipping & Trading undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Genco Shipping & Trading to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Genco Shipping & Trading.

DB:GNU1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GNU1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 21%) (118.29%))
1.28
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.28 * 5.96%)
7.86%

Discounted Cash Flow Calculation for DB:GNU1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Genco Shipping & Trading is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:GNU1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.86%)
2020 117.75 Analyst x1 109.17
2021 207.84 Est @ 76.51% 178.66
2022 319.31 Est @ 53.63% 254.48
2023 439.39 Est @ 37.61% 324.67
2024 555.36 Est @ 26.39% 380.46
2025 658.34 Est @ 18.54% 418.16
2026 744.25 Est @ 13.05% 438.28
2027 812.74 Est @ 9.2% 443.75
2028 865.65 Est @ 6.51% 438.20
2029 905.69 Est @ 4.63% 425.07
Present value of next 10 years cash flows $3,410.00
DB:GNU1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $905.69 × (1 + 0.23%) ÷ (7.86% – 0.23%)
$11,897.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $11,897.37 ÷ (1 + 7.86%)10
$5,583.82
DB:GNU1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,410.00 + $5,583.82
$8,993.82
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,993.82 / 41.66
$215.9
DB:GNU1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GNU1 represents 0.85824x of NYSE:GNK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.85824x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 215.90 x 0.85824
€185.30
Value per share (EUR) From above. €185.30
Current discount Discount to share price of €8.90
= -1 x (€8.90 - €185.30) / €185.30
95.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Genco Shipping & Trading is available for.
Intrinsic value
>50%
Share price is €8.9 vs Future cash flow value of €185.3
Current Discount Checks
For Genco Shipping & Trading to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Genco Shipping & Trading's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Genco Shipping & Trading's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Genco Shipping & Trading's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Genco Shipping & Trading's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GNU1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.44
NYSE:GNK Share Price ** NYSE (2019-10-11) in USD $10.37
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Genco Shipping & Trading.

DB:GNU1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GNK Share Price ÷ EPS (both in USD)

= 10.37 ÷ -0.44

-23.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genco Shipping & Trading is loss making, we can't compare its value to the Europe Shipping industry average.
  • Genco Shipping & Trading is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Genco Shipping & Trading's expected growth come at a high price?
Raw Data
DB:GNU1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -23.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
117.5%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Genco Shipping & Trading, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Genco Shipping & Trading's assets?
Raw Data
DB:GNU1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $24.29
NYSE:GNK Share Price * NYSE (2019-10-11) in USD $10.37
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:GNU1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GNK Share Price ÷ Book Value per Share (both in USD)

= 10.37 ÷ 24.29

0.43x

* Primary Listing of Genco Shipping & Trading.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genco Shipping & Trading is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Genco Shipping & Trading's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. Genco Shipping & Trading has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GNU1 Future Performance

 How is Genco Shipping & Trading expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
117.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Genco Shipping & Trading expected to grow at an attractive rate?
  • Genco Shipping & Trading's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Genco Shipping & Trading's earnings growth is expected to exceed the Germany market average.
  • Genco Shipping & Trading's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GNU1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GNU1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 117.5%
DB:GNU1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 7.8%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GNU1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GNU1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 307 110 78 2
2020-12-31 284 115 59 4
2019-12-31 204 53 -38 4
2019-10-13
DB:GNU1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 381 56 -18
2019-03-31 384 68 15
2018-12-31 368 66 -33
2018-09-30 330 66 -49
2018-06-30 289 50 -86
2018-03-31 248 40 -99
2017-12-31 210 24 -59
2017-09-30 179 0 -86
2017-06-30 166 -10 -83
2017-03-31 153 -29 -179
2016-12-31 136 -52 -218
2016-09-30 127 -63 -242

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Genco Shipping & Trading's earnings are expected to grow significantly at over 20% yearly.
  • Genco Shipping & Trading's revenue is expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GNU1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Genco Shipping & Trading Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GNU1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.10 1.10 1.10 1.00
2020-12-31 1.06 1.22 0.82 3.00
2019-12-31 -0.91 -0.80 -0.99 4.00
2019-10-13
DB:GNU1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.44
2019-03-31 0.38
2018-12-31 -0.86
2018-09-30 -1.33
2018-06-30 -2.46
2018-03-31 -2.87
2017-12-31 -1.71
2017-09-30 -3.15
2017-06-30 -4.01
2017-03-31 -12.94
2016-12-31 -30.03
2016-09-30 -33.48

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Genco Shipping & Trading is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Genco Shipping & Trading's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Genco Shipping & Trading has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GNU1 Past Performance

  How has Genco Shipping & Trading performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Genco Shipping & Trading's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Genco Shipping & Trading does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Genco Shipping & Trading's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Genco Shipping & Trading's 1-year growth to the Europe Shipping industry average as it is not currently profitable.
Earnings and Revenue History
Genco Shipping & Trading's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Genco Shipping & Trading Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GNU1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 381.46 -18.29 31.45
2019-03-31 384.07 15.07 32.23
2018-12-31 367.52 -32.94 31.14
2018-09-30 330.25 -48.65 30.25
2018-06-30 289.15 -85.54 30.96
2018-03-31 248.37 -98.94 30.13
2017-12-31 209.70 -58.73 29.85
2017-09-30 178.67 -86.40 39.53
2017-06-30 166.39 -82.73 41.91
2017-03-31 152.89 -178.87 48.14
2016-12-31 135.59 -217.76 54.11
2016-09-30 126.66 -242.15 33.47
2016-06-30 137.76 -281.26 56.30
2016-03-31 140.48 -210.94 62.93
2015-12-31 153.96 -194.90 70.40
2015-09-30 174.71 -309.40 95.22
2015-06-30 173.52 -1,112.59 83.88
2015-03-31 191.29 -1,132.78 73.23
2014-12-31 220.86 -1,133.44 68.29
2014-09-30 246.94 -988.61 56.35
2014-06-30 257.57 -153.84 42.59
2014-03-31 250.97 -138.68 41.22
2013-12-31 227.46 -147.74 34.03
2013-09-30 194.93 -174.21 34.54
2013-06-30 189.92 -177.62 35.29
2013-03-31 207.10 -160.02 35.17
2012-12-31 226.45 -144.93 35.67

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Genco Shipping & Trading has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Genco Shipping & Trading used its assets less efficiently than the Europe Shipping industry average last year based on Return on Assets.
  • It is difficult to establish if Genco Shipping & Trading improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Genco Shipping & Trading's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Genco Shipping & Trading has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GNU1 Health

 How is Genco Shipping & Trading's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Genco Shipping & Trading's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Genco Shipping & Trading is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Genco Shipping & Trading's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Genco Shipping & Trading's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Genco Shipping & Trading Company Filings, last reported 3 months ago.

DB:GNU1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,012.05 498.67 165.12
2019-03-31 1,045.96 518.87 187.71
2018-12-31 1,053.31 535.15 197.50
2018-09-30 1,034.58 550.80 165.72
2018-06-30 1,028.24 443.94 270.00
2018-03-31 919.05 501.31 172.78
2017-12-31 975.03 515.39 174.48
2017-09-30 971.94 516.97 152.51
2017-06-30 1,001.87 515.62 147.15
2017-03-31 1,014.81 514.32 138.87
2016-12-31 1,029.70 513.02 133.40
2016-09-30 928.14 540.46 40.03
2016-06-30 951.75 553.30 56.66
2016-03-31 1,057.83 561.10 75.60
2015-12-31 1,105.97 579.02 121.07
2015-09-30 1,150.06 462.28 44.48
2015-06-30 1,185.66 448.62 61.65
2015-03-31 1,227.96 434.61 68.78
2014-12-31 1,292.77 430.14 83.41
2014-09-30 1,483.53 405.05 106.62
2014-06-30 1,176.01 1,588.41 57.72
2014-03-31 1,253.44 1,594.93 92.41
2013-12-31 1,308.81 1,602.92 122.72
2013-09-30 1,234.87 1,560.30 109.49
2013-06-30 1,194.92 1,539.12 69.56
2013-03-31 1,222.22 1,539.29 55.05
2012-12-31 1,261.21 1,540.41 72.60
  • Genco Shipping & Trading's level of debt (49.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (133.6% vs 49.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Genco Shipping & Trading has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Genco Shipping & Trading has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Genco Shipping & Trading's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Genco Shipping & Trading has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GNU1 Dividends

 What is Genco Shipping & Trading's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Genco Shipping & Trading dividends. Estimated to be 0% next year.
If you bought €2,000 of Genco Shipping & Trading shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Genco Shipping & Trading's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Genco Shipping & Trading's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GNU1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:GNU1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-10-13

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Genco Shipping & Trading has not reported any payouts.
  • Unable to verify if Genco Shipping & Trading's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Genco Shipping & Trading's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Genco Shipping & Trading has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Genco Shipping & Trading's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Genco Shipping & Trading's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Genco Shipping & Trading afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Genco Shipping & Trading has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GNU1 Management

 What is the CEO of Genco Shipping & Trading's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Wobensmith
COMPENSATION $2,201,942
AGE 49
TENURE AS CEO 2.6 years
CEO Bio

Mr. John C. Wobensmith has been the President of Genco Shipping & Trading Limited since December 19, 2014 and also serves as its Chief Executive Officer and Secretary. Mr. Wobensmith also served as the Chief Financial Officer of Genco Ship Management LLC, Genco Knight Limited, Genco Prosperity Limited, Genco Pioneer Limited, Genco Titus Limited, Genco Commodus Limited, Genco Constantine Limited and Genco Reliance Limited. He serves as Treasurer and Trustee of St Marys College of Maryland. He has 16 years of experience in the shipping industry, with a concentration in shipping finance. He served as President and Treasurer of Baltic Trading Limited since July 17, 2015. He served as the Principal Executive Officer of Baltic Trading Limited, Secretary since March 2010 and also as its Chief Financial Officer and Principal Accounting Officer since April 4, 2005. He served as the Chief Financial Officer and Principal Accounting Officer of Genco Shipping & Trading Ltd. from April 4, 2005 to December 19, 2014 and served as its Treasurer. He served as a Senior Vice President at AMA Capital Partners LLC. He served as Senior Vice President of American Marine Advisors. He involves in the structuring and raising of both debt and equity as well as the management of AMA Shipping Fund I. He worked at The First National Bank of Maryland from 1993 to 2000 and served as its Vice President since 1998. During his seven-year tenure at First National Bank, he worked in the International Maritime Division. He served in First National Bank's Special Assets group restructuring and managing distressed maritime loans. He has been Independent Director of Ultrapetrol (Bahamas) Ltd. since February 11, 2016. He has been a Director of Baltic Trading Limited since July 17, 2015. He serves a Trustee of St. Mary's College of Maryland. He is a Chartered Financial Analyst. Mr. Wobensmith holds a BA in Economics from St. Mary’s College.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year, both up more than 20%.
  • John's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Genco Shipping & Trading management team in years:

2.6
Average Tenure
49
Average Age
  • The tenure for the Genco Shipping & Trading management team is about average.
Management Team

Art Regan

TITLE
Interim Executive Chairman
COMPENSATION
$660K
AGE
56

John Wobensmith

TITLE
CEO, President & Secretary
COMPENSATION
$2M
AGE
49
TENURE
2.6 yrs

Apostolos Zafolias

TITLE
CFO & Executive VP of Finance
COMPENSATION
$692K
AGE
40
TENURE
4.8 yrs

Robert Hughes

TITLE
Chief Operations Officer
AGE
43
TENURE
0.8 yrs

Joe Adamo

TITLE
Chief Accounting Officer
COMPENSATION
$399K
AGE
57
TENURE
4.8 yrs

Ivo Kempenaer

TITLE
Vice President
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the Genco Shipping & Trading board of directors in years:

3
Average Tenure
48.5
Average Age
  • The tenure for the Genco Shipping & Trading board of directors is about average.
Board of Directors

Christoph Majeske

TITLE
Director
AGE
39
TENURE
2.8 yrs

Art Regan

TITLE
Interim Executive Chairman
COMPENSATION
$660K
AGE
56
TENURE
3 yrs

Kathy Haines

TITLE
Director
COMPENSATION
$177K
AGE
64
TENURE
2.4 yrs

Basil Mavroleon

TITLE
Director
COMPENSATION
$173K
AGE
70
TENURE
4.3 yrs

Bao Truong

TITLE
Director
AGE
45
TENURE
5.3 yrs

Jim Dolphin

TITLE
Director
COMPENSATION
$232K
AGE
52
TENURE
5.3 yrs

Kevin Mahony

TITLE
Director
AGE
32
TENURE
4.1 yrs

Jason Scheir

TITLE
Director
AGE
39
TENURE
2.8 yrs

Daniel Han

TITLE
Director
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Genco Shipping & Trading's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Genco Shipping & Trading has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GNU1 News

Simply Wall St News

GNU1 Company Info

Description

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company, through the ownership and operation of dry bulk carrier vessels, 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 March 5, 2019, the company’s fleet consisted of 17 Capesize, 2 Panamax, 6 Ultramax, 20 Supramax, and 13 Handysize vessels with an aggregate capacity of approximately 5,075,000 deadweight tons. Genco Shipping & Trading Limited was founded in 2004 and is headquartered in New York, New York.

Details
Name: Genco Shipping & Trading Limited
GNU1
Exchange: DB
Founded: 2004
$390,944,199
41,656,947
Website: http://www.gencoshipping.com
Address: Genco Shipping & Trading Limited
299 Park Avenue,
12th Floor,
New York,
New York, 10171,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GNK Common Stock New York Stock Exchange US USD 16. Jul 2014
DB GNU1 Common Stock Deutsche Boerse AG DE EUR 16. Jul 2014
Number of employees
Current staff
Staff numbers
1,346
Genco Shipping & Trading employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 23:41
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/09
Last earnings filing: 2019/08/09
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.