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Added to YB: 2023-10-30

Pitch date: 2023-10-30

GNK [bullish]

Genco Shipping & Trading Limited

+82.6%

current return

Author Info

No bio for this author

Company Info

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide.

Market Cap

$1.1B

Pitch Price

$13.22

Price Target

N/A

Dividend

3.73%

EV/EBITDA

13.66

P/E

65.72

EV/Sales

3.59

Sector

Marine Transportation

Category

value

Show full summary:
Appleseed Fund new holding: Genko Shipping & Trading (GNK)

GNK: Drybulk shipper slashed 50% from June '22 peak despite stronger B/S, FCF returns to shareholders, low breakeven rate & 33% discount to NAV. Bullish on low order books & China recovery. Attractive valuation promises strong returns for Appleseed investors.

Read full article (1 min)