Critical Survey: Okeanis Eco Tankers (ECO) versus The Competition

Okeanis Eco Tankers (NYSE:ECO) is one of 54 publicly-traded companies in the “Deep sea foreign transportation of freight” industry, but how does it compare to its peers? We will compare Okeanis Eco Tankers to related businesses based on the strength of its dividends, profitability, risk, analyst recommendations, earnings, institutional ownership and valuation.

Analyst Ratings

This is a summary of recent recommendations and price targets for Okeanis Eco Tankers and its peers, as reported 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	260	1520	1836	82	2.47

Okeanis Eco Tankers currently has a consensus price target of $44.00, indicating a potential upside of 37.67%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 27.77%. Given Okeanis Eco Tankers’ stronger consensus rating and higher possible upside, equities analysts plainly believe Okeanis Eco Tankers is more favorable than its peers.

Dividends

Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 13.8%. 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 35.1% of their earnings in the form of a dividend.

Profitability

This table compares Okeanis Eco Tankers and its peers’ 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	31.45%	16.12%	8.32%

Valuation and Earnings

This table compares Okeanis Eco Tankers and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Okeanis Eco Tankers	$403.85 million	$145.25 million	7.63
Okeanis Eco Tankers Competitors	$717.16 million	$124.20 million	11.92

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

Institutional & Insider Ownership

48.1% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 15.0% of shares of all “Deep sea foreign transportation of freight” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Okeanis Eco Tankers Company Profile

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.