Genco Shipping & Trading Limited (GNK) vs Global Ship Lease, Inc. (GSL)

Genco Shipping & Trading Limited and Global Ship Lease, Inc. are both Marine Shipping companies. Global Ship Lease, Inc. is the larger, with a market value of $1.6B against $1.2B — 1.4× the size. Global Ship Lease, Inc. trades at the lower P/E: 4.3× against 28.4×. Genco Shipping & Trading Limited grew revenue faster over the last twelve months: 25.6% against 5.55%. Global Ship Lease, Inc. has the higher net margin (47.9% vs 9.15%) and the higher return on invested capital (12.1% vs 3.11%). Both pay a dividend; Global Ship Lease, Inc. yields more (5.54% vs 4.63%). Across the 22 metrics below, Global Ship Lease, Inc. leads on 20 and Genco Shipping & Trading Limited on 2.

Valuation

Metric GNK GSL Marine Shipping median
P/E 28.36 4.25 6.89
P/S 2.60 2.04 1.92
P/B 1.29 0.82 0.90
Price to free cash flow n/m 3.32 4.62
EV/EBITDA 9.24 3.31 6.57
EV/Sales 3.16 2.17 2.73
Earnings yield 3.53% 23.52% 9.59%
Free cash flow yield (11.85%) 30.10% 16.76%

Profitability

Metric GNK GSL Marine Shipping median
Gross margin 43.86% 68.83% 60.61%
Operating margin 12.84% 50.76% 27.74%
Net margin 9.15% 47.87% 25.21%
Free cash flow margin (30.77%) 65.72% 17.29%
Return on equity 4.52% 20.81% 8.62%
Return on assets 3.50% 13.28% 5.35%
Return on invested capital 3.11% 12.11% 5.32%

Growth

Metric GNK GSL Marine Shipping median
Revenue growth (TTM) 25.64% 5.55% 13.26%
EPS growth (last fiscal year) (105.71%) 17.04% —
Revenue growth, 5-year CAGR (0.77%) 22.07% 11.77%
Net income growth, 5-year CAGR 0.00% 79.75% 0.00%

Health

Metric GNK GSL Marine Shipping median
Debt to equity 0.36 0.35 0.52
Current ratio 2.97 2.13 1.63
Net debt to EBITDA 1.44 0.29 2.34

Dividend

Metric GNK GSL Marine Shipping median
Dividend yield 4.63% 5.54% 5.54%
Payout ratio 0.98 0.18 0.13

Size

Metric GNK GSL Marine Shipping median
Market cap 1.15b 1.59b 420.73m

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