Analyzing Okeanis Eco Tankers (ECO) & The Competition

Okeanis Eco Tankers (NYSE:ECO) is one of 55 public companies in the “Deep sea foreign transportation of freight” industry, but how does it weigh in compared to its competitors? We will compare Okeanis Eco Tankers to similar businesses based on the strength of its dividends, valuation, risk, analyst recommendations, institutional ownership, earnings and profitability.

Profitability

This table compares Okeanis Eco Tankers and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Okeanis Eco Tankers	30.17%	28.35%	10.54%
Okeanis Eco Tankers Competitors	31.79%	16.24%	8.43%

Dividends

Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 13.5%. Okeanis Eco Tankers pays out 105.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Deep sea foreign transportation of freight” companies pay a dividend yield of 5.4% and pay out 39.6% of their earnings in the form of a dividend.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Okeanis Eco Tankers and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Okeanis Eco Tankers	0	0	1	0	3.00
Okeanis Eco Tankers Competitors	262	1562	1841	76	2.46

Okeanis Eco Tankers currently has a consensus target price of $44.00, suggesting a potential upside of 34.85%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 20.43%. Given Okeanis Eco Tankers’ stronger consensus rating and higher possible upside, research analysts clearly believe Okeanis Eco Tankers is more favorable than its competitors.

Earnings & Valuation

This table compares Okeanis Eco Tankers and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Okeanis Eco Tankers	$403.85 million	$145.25 million	7.79
Okeanis Eco Tankers Competitors	$795.10 million	$124.46 million	13.81

Okeanis Eco Tankers’ competitors have higher revenue, but lower earnings than Okeanis Eco Tankers. Okeanis Eco Tankers is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

43.5% of shares of all “Deep sea foreign transportation of freight” companies are held by institutional investors. 15.5% of shares of all “Deep sea foreign transportation of freight” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.