Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) Company Bio
Genco Shipping & Trading transports iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes. The company was founded in 2004 and is based in New York, New York.
GNK Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for GNK, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Genco Shipping & Trading Ltd ranked in the 80th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Genco Shipping & Trading Ltd ended up being:
The company's balance sheet shows it gets 44% of its capital from equity, and 56% of its capital from debt. Notably, its equity weight is greater than merely 17.09% of US equities in the Industrials sector yielding a positive free cash flow.
Genco Shipping & Trading Ltd's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 0% of US stocks with positive free cash flow.
Genco Shipping & Trading Ltd's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -5.36. This coverage rate is greater than that of only 11.67% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as GNK, try EML, KNOP, APWC, USDP, and ABM.
NEW YORK, Jan. 20, 2021 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, announced today that John C. Wobensmith, Chief Executive Officer, is scheduled to present at NobleCon17 - Noble Capital Markets’ Seventeenth Annual Investor Conference today, Wednesday, January 20 at 10:30 a.m. Eastern Time. A high-definition, video webcast of the presentation will be available the following day on the Company's website: https://www.gencoshipping.com, and as part of a complete catalog of presentations to be rebroadcast on Channelchek next month. About Genco Shipping & Trading LimitedGenco Shipping & Trading Limited transports iron ore, coal, grain, steel prod...
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Asset Swap Transaction Grows Genco’s Presence in Minor Drybulk Trades while Preserving Leadership in the Capesize SectorNEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, today announced that it has entered into an agreement to acquire three modern, eco Ultramax vessels in exchange for six older Handysize vessels. The transaction, which is part of Genco’s efforts to modernize its fleet and create a more focused asset base while reducing its carbon footprint, is structured as an asset swap without monetary consideration or additional capital required. The vessels are scheduled to deliver to both parti...