Genco Shipping & Trading Limited (GNK) vs SFL Corporation Ltd. (SFL)

Genco Shipping & Trading Limited and SFL Corporation Ltd. are both Marine Shipping companies. SFL Corporation Ltd. is the larger, with a market value of $1.7B against $1.1B — 1.5× the size. Genco Shipping & Trading Limited trades at the lower P/E: 14.0× against 22.9×. Genco Shipping & Trading Limited grew revenue faster over the last twelve months: 54.7% against −15.6%. Genco Shipping & Trading Limited has the higher net margin (15.5% vs 8.76%) and the higher return on invested capital (5.26% vs 3.83%). Both pay a dividend; SFL Corporation Ltd. yields more (7.63% vs 7.10%). Across the 21 metrics below, Genco Shipping & Trading Limited leads on 13 and SFL Corporation Ltd. on 8.

Valuation

Metric GNK SFL Marine Shipping median
P/E 14.01 22.94 7.37
P/S 2.17 2.03 1.71
P/B 1.25 1.43 0.85
Price to free cash flow n/m 3.25 4.11
EV/EBITDA 9.59 8.68 5.98
EV/Sales 2.82 5.14 2.47
Earnings yield 7.14% 4.36% 13.14%
Free cash flow yield (6.90%) 30.74% 19.49%

Profitability

Metric GNK SFL Marine Shipping median
Gross margin 0.00% 61.42% 60.61%
Operating margin 19.19% 27.73% 27.74%
Net margin 15.48% 8.76% 25.21%
Free cash flow margin 25.62% 62.49% 18.27%
Return on equity 8.91% 6.25% 8.04%
Return on assets 6.51% 1.71% 5.13%
Return on invested capital 5.26% 3.83% 5.17%

Growth

Metric GNK SFL Marine Shipping median
Revenue growth (TTM) 54.72% (15.61%) 10.81%
EPS growth (last fiscal year) (105.71%) (119.80%) (20.39%)
Revenue growth, 5-year CAGR (0.77%) 9.25% 11.95%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GNK SFL Marine Shipping median
Debt to equity 0.41 2.30 0.44
Current ratio 2.58 0.38 1.67
Net debt to EBITDA 1.44 6.35 2.34

Dividend

Metric GNK SFL Marine Shipping median
Dividend yield 7.10% 7.63% 4.83%
Payout ratio 1.01 1.75 0.30

Size

Metric GNK SFL Marine Shipping median
Market cap 1.10b 1.65b 435.67m

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