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 $1.1B against $704.7M — 1.6× the size. Himalaya Shipping Ltd. trades at the lower P/E: 13.3× against 14.0×. Genco Shipping & Trading Limited grew revenue faster over the last twelve months: 54.7% against 38.6%. Himalaya Shipping Ltd. has the higher net margin (31.4% vs 15.5%) and the higher return on invested capital (7.91% vs 5.26%). Both pay a dividend; Himalaya Shipping Ltd. yields more (12.1% vs 7.10%). Across the 20 metrics below, Genco Shipping & Trading Limited leads on 10 and Himalaya Shipping Ltd. on 10.

Valuation

Metric GNK HSHP Marine Shipping median
P/E 14.01 13.28 7.37
P/S 2.17 4.22 1.71
P/B 1.25 4.32 0.85
Price to free cash flow n/m n/m 4.11
EV/EBITDA 9.59 10.07 5.98
EV/Sales 2.82 8.06 2.47
Earnings yield 7.14% 7.53% 13.14%
Free cash flow yield (6.90%) (32.03%) 19.49%

Profitability

Metric GNK HSHP Marine Shipping median
Gross margin 0.00% 81.65% 60.61%
Operating margin 19.19% 60.97% 27.74%
Net margin 15.48% 31.44% 25.21%
Free cash flow margin 25.62% 52.06% 18.27%
Return on equity 8.91% 32.62% 8.04%
Return on assets 6.51% 6.10% 5.13%
Return on invested capital 5.26% 7.91% 5.17%

Growth

Metric GNK HSHP Marine Shipping median
Revenue growth (TTM) 54.72% 38.59% 10.81%
EPS growth (last fiscal year) (105.71%) (20.83%) (20.39%)
Revenue growth, 5-year CAGR (0.77%) — 11.95%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric GNK HSHP Marine Shipping median
Debt to equity 0.41 4.15 0.44
Current ratio 2.58 1.19 1.67
Net debt to EBITDA 1.44 6.56 2.34

Dividend

Metric GNK HSHP Marine Shipping median
Dividend yield 7.10% 12.13% 4.83%
Payout ratio 1.01 1.61 0.30

Size

Metric GNK HSHP Marine Shipping median
Market cap 1.10b 704.72m 435.67m

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