Genco Shipping & Trading Limited New (Marshall Islands)
Find Ratings ReportsGENCO SHIPPING & TRADING's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the subsector, the net income growth did not. GENCO SHIPPING & TRADING has strong liquidity. Currently, the Quick Ratio is 1.82 which shows the 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 5.60% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 115.52 | 126.97 |
EBITDA ($mil) | 37.36 | 46.8 |
EBIT ($mil) | 20.65 | 30.77 |
Net Income ($mil) | 4.94 | 28.68 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 46.54 | 63.79 |
Total Assets ($mil) | 1141.9 | 1173.87 |
Total Debt ($mil) | 194.27 | 171.12 |
Equity ($mil) | 913.26 | 967.43 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 39.21 | 43.4 |
EBITDA Margin | 32.33 | 36.85 |
Operating Margin | 17.88 | 24.23 |
Sales Turnover | 0.34 | 0.46 |
Return on Assets | -1.12 | 13.5 |
Return on Equity | -1.41 | 16.39 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 4.46 | 3.43 |
Debt/Capital | 0.18 | 0.15 |
Interest Expense | 2.62 | 2.17 |
Interest Coverage | 7.88 | 14.17 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 42.54 | 42.33 |
Div / share | 0.15 | 0.78 |
EPS | 0.11 | 0.67 |
Book value / share | 21.47 | 22.86 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 772756.0 | 696808.0 |
BUY. 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 0.95 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.67. The current price-to-sales ratio is well below the S&P 500 average, but above the subsector average. The valuation analysis reveals that, GENCO SHIPPING & TRADING seems to be trading at a premium to investment alternatives.
Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNK NM | Peers 19.67 | GNK 9.50 | Peers 5.71 | |||||||||||||||||||||
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. |
Premium. 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 is trading at a significant premium to its peers. |
|||||||||||||||||||||||
Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
GNK 6.95 | Peers 8.38 | GNK NA | Peers 0.94 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. GNK is trading at a discount to its peers. |
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. |
|||||||||||||||||||||||
Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
GNK 0.95 | Peers 4.67 | GNK -108.40 | Peers 128.83 | |||||||||||||||||||||
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. |
|||||||||||||||||||||||
Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
GNK 2.27 | Peers 1.81 | GNK -28.52 | Peers 47.97 | |||||||||||||||||||||
Premium. 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 premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. GNK significantly trails its peers on the basis of sales growth. |
|||||||||||||||||||||||