GENCO SHIPPING & TRADING's gross profit margin for the third quarter of its fiscal year 2013 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. GENCO SHIPPING & TRADING has very weak liquidity. Currently, the Quick Ratio is 0.09 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 14.40% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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|Income Statement||Q3 FY13||Q3 FY12|
|Net Sales ($mil)||59.43||54.43|
|Net Income ($mil)||-35.03||-38.42|
|Balance Sheet||Q3 FY13||Q3 FY12|
|Cash & Equiv. ($mil)||119.34||87.78|
|Total Assets ($mil)||2837.72||2894.57|
|Total Debt ($mil)||1551.01||1523.17|
|Profitability||Q3 FY13||Q3 FY12|
|Gross Profit Margin||47.63||40.64|
|Return on Assets||-6.13||-3.41|
|Return on Equity||-18.32||-8.9|
|Debt||Q3 FY13||Q3 FY12|
|Share Data||Q3 FY13||Q3 FY12|
|Shares outstanding (mil)||44.45||43.82|
|Div / share||0.0||0.0|
|Book value / share||21.4||25.36|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||2657879.0||1952384.0|
SELL. This stock?s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.08 indicates a significant discount versus the S&P 500 average of 2.56 and a significant discount versus the industry average of 1.77. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, GENCO SHIPPING & TRADING proves to trade at a discount to investment alternatives within the industry.
|GNK NM||Peers 18.75||GNK NM||Peers 12.48|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
GNK's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
GNK's P/CF is negative making the measure meaningless.
|GNK 14.17||Peers 20.72||GNK NA||Peers 1.68|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
GNK's ratio is negative making this valuation measure meaningless.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|GNK 0.08||Peers 1.77||GNK -67.63||Peers 21.37|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
GNK is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, GNK is expected to significantly trail its peers on the basis of its earnings growth rate.
|GNK 0.39||Peers 2.95||GNK -28.95||Peers 2.06|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
GNK is trading at a significant discount to its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
GNK significantly trails its peers on the basis of sales growth
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