Financial Analysis: Okeanis Eco Tankers (ECO) vs. Its Competitors

Okeanis Eco Tankers (NYSE:ECO) is one of 53 publicly-traded companies in the “Deep sea foreign transportation of freight” industry, but how does it weigh in compared to its peers? We will compare Okeanis Eco Tankers to related businesses based on the strength of its institutional ownership, profitability, risk, dividends, analyst recommendations, earnings and valuation.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Okeanis Eco Tankers	$403.85 million	$145.25 million	7.69
Okeanis Eco Tankers Competitors	$805.07 million	$125.08 million	11.63

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.

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	31.84%	16.33%	8.42%

Analyst Recommendations

This is a breakdown of recent ratings for Okeanis Eco Tankers and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Okeanis Eco Tankers	0	0	1	0	3.00
Okeanis Eco Tankers Competitors	257	1491	1773	82	2.47

Okeanis Eco Tankers currently has a consensus target price of $44.00, suggesting a potential upside of 36.56%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 29.05%. Given Okeanis Eco Tankers’ stronger consensus rating and higher probable upside, analysts clearly believe Okeanis Eco Tankers is more favorable than its peers.

Institutional and Insider Ownership

46.8% of shares of all “Deep sea foreign transportation of freight” companies are owned by institutional investors. 14.3% of shares of all “Deep sea foreign transportation of freight” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Dividends

Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 13.7%. 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 5.9% and pay out 37.7% 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.