Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)

FairStock Score: 56/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Genco as a cyclical dry-bulk operator, not a franchise. It owns vessels that haul iron ore, grain, coal and steel products. Customers care mainly about price and availability, so there is little pricing power or competitive moat. The filed numbers show a turnaround with a spotty record. In fiscal year 2025 (the year ended 2025-12-31), revenue was $342.1M and net income was -$4.4M, or diluted EPS -$0.10, after fiscal year 2024 (the year ended 2024-12-31) revenue of $423.0M, net income of $76.4M, and diluted EPS of $1.75. More recently, fiscal Q2 2026 (the quarter ended 2026-06-30) had revenue of $136.4M, net income of $16.6M, and diluted EPS of $0.37, up from fiscal Q2 2025 (the quarter ended 2025-06-30) revenue of $80.9M, net loss of $6.8M, and diluted EPS of -$0.16. So the latest quarter is much better. At the 2026-10-13 close of $26.55, FairStock's calculations put the shares at 29.18 times earnings, 1.30 times book, and a negative 29.96% margin of safety versus the $20.43 Graham Number. The 6.44% dividend yield is attractive, but trailing free cash flow was -$156.7M, a -13.5% FCF yield. Debt/equity of 0.37 is not alarming, yet Altman Z-Score of 1.52 suggests financial risk, and ROE of 4.55% and ROCE of 3.86% are modest. Piotroski 7/9 is a positive sign. The computed Lynch category is TURNAROUND, because the latest filed year had a loss after earlier profits. I would want evidence that Q2 2026 strength is durable, not just a freight-rate spike. Price already reflects improvement; I see fair-to-full valuation with cyclical risk.

In plain English: Genco owns and operates ships that carry dry cargo such as iron ore, grain, coal and steel. The business is cyclical and had a loss in fiscal 2025, but the latest quarter ended June 30, 2026 was profitable. At the 2026-10-13 closing price of $26.55, the shares look full or a little expensive compared with the company's recent earnings and accounting value, and the high dividend is not yet covered by the cash the business generated over the last year.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer