GNKGENCO SHIPPING & TRADING LTD
Deep Sea Foreign Transportation Of Freight
- Revenue
- $342M
- 19% YoY
- Operating margin
- 2.2%
- 89% YoY
- EBITDA
- $84M
- 46% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.9×
- $246M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowFired139% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear13% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $387M | $307M | $233M | $423M | $342M | 19% |
| Operating income | $201M | $167M | −$6M | $87M | $7M | 91% |
| Net income | $182M | $159M | −$13M | $76M | −$4M | 106% |
| Operating cash flow | $231M | $189M | $92M | $127M | $32M | 75% |
| Capex | $2M | $4M | $3M | $3M | $3M | 6.1% |
| Stock-based comp | $2M | $3M | $6M | $6M | $7M | 20% |
| Dividends | $13M | $116M | $41M | $68M | $33M | 51% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $25M · 12
- Net
- −$25M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $6M | 358 | 288 |
| FY2024 | $4M | $4M | 258 | 219 |
| FY2023 | $3M | $4M | 283 | 290 |
| FY2022 | $5M | $6M | 247 | 251 |
| FY2021 | $3M | $5M | 222 | 229 |