Genco Shipping & Trading Ltd

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GNK : NYSE : Services
$7.17 | %
Today's Range: 6.371 - 7.2784
Avg. Daily Volume: 264000.0
12/09/16 - 4:02 PM ET

Financial Analysis


GENCO SHIPPING & TRADING's gross profit margin for the third quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Even though sales decreased, the net income has increased. GENCO SHIPPING & TRADING has very weak liquidity. Currently, the Quick Ratio is 0.12 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 19.29% 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 FY16 Q3 FY15
Net Sales ($mil)38.8950.0
EBITDA ($mil)-2.94-9.14
EBIT ($mil)-20.12-28.39
Net Income ($mil)-27.51-66.62


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)59.5354.23
Total Assets ($mil)1493.461648.22
Total Debt ($mil)540.46462.28
Equity ($mil)928.141150.06


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin18.5421.89
EBITDA Margin-7.56-18.27
Operating Margin-51.73-56.79
Sales Turnover0.080.11
Return on Assets-16.21-18.77
Return on Equity-26.09-26.9
Debt Q3 FY16 Q3 FY15
Current Ratio0.161.15
Debt/Capital0.370.29
Interest Expense7.074.98
Interest Coverage-2.84-5.71


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)7.357.29
Div / share0.00.0
EPS-3.8-9.5
Book value / share126.21157.76
Institutional Own % n/a n/a
Avg Daily Volume259407.0113751.0

Valuation


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. Conducting a second comparison, its price-to-book ratio of 0.06 indicates a significant discount versus the S&P 500 average of 2.86 and a discount versus the industry average of 1.30. 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.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
GNK NM Peers 19.49   GNK NM Peers 6.01

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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
GNK NM Peers 18.11   GNK NA Peers 0.04

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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
GNK 0.06 Peers 1.30   GNK 32.60 Peers -49.63

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.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

GNK is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
GNK 0.46 Peers 1.60   GNK -27.51 Peers -1.10

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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