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Okeanis Eco Tankers Corp. (ECO)
NYSE:ECO
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Okeanis Eco Tankers Corp.
(NYSE:ECO)
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Rating:78Outperform
Price Target:
$44.00
▲(14.82% Upside)
Okeanis Eco Tankers Corp. receives a strong overall score driven by robust earnings performance and positive technical indicators. The company's strategic capital improvements and market outperformance are significant strengths. However, high leverage and overbought technical signals are potential risks that investors should monitor.
Positive Factors
Fleet Performance
Strong fleet performance indicates efficient operations and competitive positioning in the market, supporting long-term revenue stability.
Capital Structure Optimization
Optimizing capital structure enhances financial flexibility and reduces cost of capital, supporting sustainable growth and profitability.
Market Outperformance
Consistent market outperformance reflects strong competitive advantages, likely leading to sustained demand and pricing power.
Negative Factors
High Leverage
High leverage can strain financial resources and limit strategic flexibility, posing risks to long-term financial health.
Declining Margins
Decreasing margins may indicate rising costs or pricing pressures, potentially impacting future profitability and cash flow.
Sanctions Challenges
Sanctions can disrupt market access and operational logistics, impacting revenue and strategic market positioning.
Okeanis Eco Tankers Corp. (ECO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.36B
Dividend Yield6.5%
Average Volume (3M)134.78K
Price to Earnings (P/E)16.0
Beta (1Y)0.79
Revenue Growth-12.47%
EPS Growth-34.41%
CountryUS
Employees13
SectorEnergy
Sector Strength52
IndustryMarine Shipping
Share Statistics
EPS (TTM)0.77
Shares Outstanding35,433,544
10 Day Avg. Volume125,981
30 Day Avg. Volume134,785
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)1.67
Price to Sales (P/S)1.74
P/FCF Ratio4.45
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue3.63
Enterprise Value/Gross Profit9.00
Enterprise Value/Ebitda7.66
Forecast
1Y Price Target
$42.41Price Target Upside10.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Okeanis Eco Tankers Corp. Business Overview & Revenue Model
Company DescriptionOkeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. The company was incorporated in 2018 and is based in Piraeus, Greece.
How the Company Makes MoneyOkeanis Eco Tankers generates revenue primarily through the chartering of its fleet of eco-tankers. The company enters into time charters or spot charters with oil and gas companies, which pay for the transportation of their products over predetermined routes. The revenue model is influenced by market rates for shipping, fuel prices, and the overall demand for oil transportation. Additional revenue streams may include operational efficiencies derived from the eco-friendly design of their vessels, which can lead to lower fuel consumption and maintenance costs. Strategic partnerships with oil companies and other stakeholders in the energy sector also contribute to securing long-term contracts, enhancing revenue stability.
Okeanis Eco Tankers Corp. Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 18, 2026
Earnings Call Sentiment Positive
The earnings call reflects a strong performance by Okeanis Eco Tankers, with significant financial achievements, strategic capital structure improvements, and market outperformance. The positive outlook for Q4 further underscores the company's robust position. However, challenges related to sanctions and dry docking impacts were noted.Q3-2025 Updates
Positive Updates
Strong Fleet-Wide Performance
Okeanis Eco Tankers achieved a fleet-wide time charter equivalent of $47,000 per vessel per day, with VLCCs at $46,000 and Suezmaxes at $48,000. The company reported an adjusted EBITDA of $45.2 million and adjusted net profit of $24.7 million.
Significant Dividend Distribution
The Board declared a 14th consecutive distribution in the form of a dividend of $0.75 per share, distributing 100% of reported EPS for the quarter.
Capital Structure Optimization
Okeanis completed refinancing transactions for its fleet, improving pricing and breakevens, extending maturities, and adding flexibility. The fleet-wide average margin potentially reduced to 160 basis points.
Market Outperformance
Okeanis outperformed their peers with a 30% outperformance for VLCCs and 45% for Suezmaxes. The company achieved near-perfect utilization across the fleet.
Positive Outlook for Q4
Q4 is shaping up to be fantastic, with 80% of VLCC spot days fixed at $88,100 per day and 48% of Suezmax days at $60,800 per day, resulting in a fleet-wide average of $80,700 per day on the fixed portion.
Negative Updates
Challenges with Sanctions
The U.K., U.S., and EU sanctions have created challenges for Indian, Chinese, and Turkish receivers, affecting the market dynamics.
Dry Docking Impact
Earnings on Suezmaxes were impacted by repositioning to and from dry dock.
Company Guidance
During Okeanis Eco Tankers' third quarter 2025 earnings call, several key metrics were highlighted by the CFO, Iraklis Sbarounis. The company achieved a fleet-wide time charter equivalent (TCE) of approximately $47,000 per vessel per day, with VLCCs at $46,000 and Suezmaxes at $48,000. Adjusted EBITDA was reported at $45.2 million, and adjusted net profit at $24.7 million, translating to an adjusted EPS of $0.77. The company declared a dividend of $0.75 per share, maintaining a high distribution rate of about 90% of adjusted EPS over the last four quarters. OET's fleet, which comprises 14 vessels with an average age of six years, continued to outperform peers, with VLCCs and Suezmaxes achieving 30% and 45% outperformance, respectively, relative to peers. Looking ahead, the company has locked in significant Q4 bookings, with 80% of VLCC spot days and 48% of Suezmax spot days already fixed at favorable rates, projecting a fleet-wide average of $80,700 per day.Okeanis Eco Tankers Corp. Financial Statement Overview
Summary
Okeanis Eco Tankers Corp. demonstrates solid financial performance with strong profitability and cash flow generation. However, high leverage remains a concern, and declining margins indicate potential profitability pressures. The company is on a positive growth trajectory, but careful management of debt and costs is essential.Income Statement
Okeanis Eco Tankers Corp. shows strong profitability with a consistent gross profit margin and a healthy net profit margin in the TTM period. Revenue growth is positive, indicating a recovery from previous declines. However, margins have decreased compared to the previous year, suggesting some pressure on profitability.Balance Sheet
The company maintains a high debt-to-equity ratio, indicating significant leverage, which poses a risk. However, the return on equity remains solid, reflecting efficient use of equity to generate profits. The equity ratio is stable, showing a balanced asset structure.Cash Flow
Cash flow metrics are robust, with positive free cash flow growth in the TTM period and a strong operating cash flow to net income ratio. The company has improved its free cash flow position, but historical volatility in free cash flow suggests potential risks.| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 349.89M | 393.23M | 413.10M | 270.97M | 169.00M | 282.87M |
| Gross Profit | 141.03M | 223.60M | 221.41M | 123.18M | 44.63M | 152.96M |
| EBITDA | 165.64M | 204.08M | 241.51M | 157.60M | 64.85M | 182.98M |
| Net Income | 76.69M | 108.86M | 145.25M | 84.56M | -902.90K | 101.32M |
Balance Sheet | ||||||
| Total Assets | 1.07B | 1.08B | 1.13B | 1.18B | 954.59M | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 52.64M | 49.34M | 49.99M | 81.35M | 38.18M | 25.33M |
| Total Debt | 616.65M | 646.18M | 693.28M | 739.04M | 577.00M | 834.48M |
| Total Liabilities | 637.29M | 671.67M | 720.98M | 761.11M | 596.30M | 862.50M |
| Stockholders Equity | 429.81M | 410.43M | 408.13M | 422.24M | 358.29M | 397.23M |
Cash Flow | ||||||
| Free Cash Flow | 109.46M | 153.67M | 171.61M | -98.98M | 6.29M | -23.08M |
| Operating Cash Flow | 109.46M | 164.86M | 174.92M | 81.16M | 28.60M | 150.49M |
| Investing Cash Flow | -4.71M | -11.24M | -1.27M | -179.10M | 285.67M | -178.80M |
| Financing Cash Flow | -101.84M | -153.42M | -205.72M | 140.70M | -299.43M | 43.24M |
Okeanis Eco Tankers Corp. Technical Analysis
Positive
38.32
Price Trends
35.03
Positive
31.72
Positive
26.77
Positive
Market Momentum
0.05
Negative
66.61
Neutral
88.63
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ECO, the sentiment is Positive. The current price of 38.32 is above the 20-day moving average (MA) of 34.43, above the 50-day MA of 35.03, and above the 200-day MA of 26.77, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 66.61 is Neutral, neither overbought nor oversold. The STOCH value of 88.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ECO.
Okeanis Eco Tankers Corp. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.36B | 15.97 | ― | 6.50% | -12.47% | -34.41% | |
76 Outperform | $1.60B | 6.36 | 8.36% | 0.39% | -1.33% | -33.66% | |
70 Outperform | $482.61M | 15.00 | 5.28% | 2.80% | -26.81% | -78.30% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
61 Neutral | $825.83M | 434.44 | 0.39% | 10.65% | -16.03% | -97.01% | |
59 Neutral | $849.73M | -117.81 | -0.78% | 4.04% | -24.58% | -110.22% | |
58 Neutral | $1.21B | -479.31 | -0.15% | 12.24% | -11.10% | -101.57% |
* Energy Sector Average
ECO
Okeanis Eco Tankers Corp.
38.32
15.13
65.25%
GNK
Genco Shipping
19.65
5.67
40.56%
NMM
Navios Maritime Partners
55.93
10.44
22.96%
NAT
Nordic American Tanker
3.90
1.23
46.07%
SFL
SFL Corporation
8.34
-1.47
-14.98%
ASC
Ardmore Shipping
11.88
-1.34
-10.14%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.