Ardmore Shipping Corporation (ASC) vs Genco Shipping & Trading Limited (GNK)

Ardmore Shipping Corporation and Genco Shipping & Trading Limited are both Marine Shipping companies. Genco Shipping & Trading Limited is the larger, with a market value of $1.1B against $775.4M — 1.4× the size. Ardmore Shipping Corporation trades at the lower P/E: 7.3× against 26.7×. Genco Shipping & Trading Limited grew revenue faster over the last twelve months: 25.6% against 13.6%. Ardmore Shipping Corporation has the higher net margin (28.7% vs 9.15%) and the higher return on invested capital (9.57% vs 3.11%). Both pay a dividend; Genco Shipping & Trading Limited yields more (7.33% vs 7.24%). Across the 21 metrics below, Ardmore Shipping Corporation leads on 19 and Genco Shipping & Trading Limited on 2.

Valuation

Metric ASC GNK Marine Shipping median
P/E 7.31 26.70 8.37
P/S 2.10 2.45 1.87
P/B 1.10 1.21 0.86
Price to free cash flow 13.03 n/m 4.66
EV/EBITDA 5.08 9.15 6.48
EV/Sales 2.06 3.13 2.70
Earnings yield 13.68% 3.75% 10.65%
Free cash flow yield 7.67% (12.59%) 17.95%

Profitability

Metric ASC GNK Marine Shipping median
Gross margin 47.15% 43.86% 60.61%
Operating margin 28.48% 12.84% 27.74%
Net margin 28.67% 9.15% 25.21%
Free cash flow margin 16.09% (30.77%) 16.32%
Return on equity 16.02% 4.52% 8.62%
Return on assets 14.45% 3.50% 5.35%
Return on invested capital 9.57% 3.11% 5.32%

Growth

Metric ASC GNK Marine Shipping median
Revenue growth (TTM) 13.60% 25.64% 13.26%
EPS growth (last fiscal year) (71.24%) (105.71%) (16.82%)
Revenue growth, 5-year CAGR 7.11% (0.77%) 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASC GNK Marine Shipping median
Debt to equity 0.05 0.36 0.52
Current ratio 5.45 2.97 1.63
Net debt to EBITDA 0.92 1.44 2.34

Dividend

Metric ASC GNK Marine Shipping median
Dividend yield 7.24% 7.33% 4.68%
Payout ratio 0.53 1.98 0.31

Size

Metric ASC GNK Marine Shipping median
Market cap 775.37m 1.09b 391.73m

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