Critical Survey: Okeanis Eco Tankers (ECO) & Its Rivals

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

Insider & Institutional Ownership

45.9% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 13.8% of shares of all “Deep sea foreign transportation of freight” companies are owned 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.

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Okeanis Eco Tankers	$403.85 million	$145.25 million	7.92
Okeanis Eco Tankers Competitors	$803.24 million	$123.94 million	11.50

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

Analyst Recommendations

This is a summary of recent recommendations and price targets for Okeanis Eco Tankers and its rivals, 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	256	1490	1776	82	2.47

Okeanis Eco Tankers presently has a consensus price target of $44.00, indicating a potential upside of 32.53%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 26.04%. Given Okeanis Eco Tankers’ stronger consensus rating and higher probable upside, analysts clearly believe Okeanis Eco Tankers is more favorable than its rivals.

Profitability

This table compares Okeanis Eco Tankers and its rivals’ 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	32.55%	16.76%	8.78%

Dividends

Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 13.3%. 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 5.8% and pay out 37.8% of their earnings in the form of a dividend.

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.