Genco Shipping & Trading Limited (GNK) vs Himalaya Shipping Ltd. (HSHP)

Genco Shipping & Trading Limited and Himalaya Shipping Ltd. are both Marine Shipping companies. Genco Shipping & Trading Limited is the larger, with a market value of $1.2B against $844.4M — 1.4× the size. Himalaya Shipping Ltd. trades at the lower P/E: 15.5× against 28.4×. Himalaya Shipping Ltd. grew revenue faster over the last twelve months: 38.6% against 25.6%. Himalaya Shipping Ltd. has the higher net margin (31.4% vs 9.15%) and the higher return on invested capital (7.91% vs 3.11%). Across the 19 metrics below, Himalaya Shipping Ltd. leads on 11 and Genco Shipping & Trading Limited on 8.

Valuation

Metric GNK HSHP Marine Shipping median
P/E 28.36 15.52 6.89
P/S 2.60 4.93 1.92
P/B 1.29 5.05 0.90
Price to free cash flow n/m n/m 4.62
EV/EBITDA 9.24 10.96 6.57
EV/Sales 3.16 8.77 2.73
Earnings yield 3.53% 6.44% 9.59%
Free cash flow yield (11.85%) (27.41%) 16.76%

Profitability

Metric GNK HSHP Marine Shipping median
Gross margin 43.86% 81.65% 60.61%
Operating margin 12.84% 60.97% 27.74%
Net margin 9.15% 31.44% 25.21%
Free cash flow margin (30.77%) 52.06% 17.29%
Return on equity 4.52% 32.62% 8.62%
Return on assets 3.50% 6.10% 5.35%
Return on invested capital 3.11% 7.91% 5.32%

Growth

Metric GNK HSHP Marine Shipping median
Revenue growth (TTM) 25.64% 38.59% 13.26%
EPS growth (last fiscal year) (105.71%) (20.83%) —
Revenue growth, 5-year CAGR (0.77%) — 11.77%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric GNK HSHP Marine Shipping median
Debt to equity 0.36 4.15 0.52
Current ratio 2.97 1.19 1.63
Net debt to EBITDA 1.44 6.56 2.34

Dividend

Metric GNK HSHP Marine Shipping median
Dividend yield 4.63% — 5.54%
Payout ratio 0.98 — 0.13

Size

Metric GNK HSHP Marine Shipping median
Market cap 1.15b 844.35m 420.73m

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