Okeanis Eco Tankers Corp. (ECO) AI Stock Analysis

• Market Cap: kr759.05M
• Dividend Yield: 5.34%
• Average Volume (3M): 138.86K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 0.41
• Revenue Growth: -12.00%
• EPS Growth: -40.93%
• Country: US
• Employees: 13
• Sector: Energy
• Sector Strength: 53
• Industry: Marine Shipping
• EPS (TTM): 0.36
• Shares Outstanding: 32,194,107
• 10 Day Avg. Volume: 107,600
• 30 Day Avg. Volume: 138,862
• PEG Ratio: -0.35
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.35
• Enterprise Value/Market Cap: 1.76
• Enterprise Value/Revenue: 0.86
• Enterprise Value/Gross Profit: 8.93
• Enterprise Value/Ebitda: 1.62
• 1Y Price Target: kr35.00
• Price Target Upside: 49.44% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 78 Outperform
• Price Target: $27.00 ▲(15.29%Upside)

Okeanis Eco Tankers Corp. scores well due to its solid financial performance, attractive valuation, and positive earnings call outlook. Key strengths include strong profitability and a strategic focus on eco-friendly vessels. However, high leverage and declining revenue growth pose risks, but the company's strategic positioning and cash generation capabilities provide significant upside potential.

Okeanis Eco Tankers Corp. Business Overview & Revenue Model

Company Description

Okeanis Eco Tankers Corp. (ECO) is a shipping company that operates in the maritime industry, specializing in the transportation of crude oil and other petroleum products. The company focuses on eco-friendly transportation solutions, utilizing a modern fleet of energy-efficient tankers designed to reduce emissions and environmental impact. Okeanis Eco Tankers is committed to sustainable practices and innovation in the shipping sector, catering to global oil companies and traders.

How the Company Makes Money

Okeanis Eco Tankers Corp. generates revenue primarily through the chartering of its fleet of eco-friendly tankers to oil companies and traders who require transportation of crude oil and petroleum products across international waters. The company engages in time charters and spot market voyages, where clients pay for the use of the tankers over a specified period or for single voyages, respectively. Key revenue streams include charter fees, voyage-related expenses, and potentially fuel efficiency savings which can enhance profitability. Okeanis Eco Tankers may also leverage partnerships with major oil companies to secure long-term contracts, providing a stable and predictable income stream. Additionally, the company's focus on eco-friendly and energy-efficient technologies may offer competitive advantages, attracting clients who prioritize sustainability and compliance with environmental regulations.

Okeanis Eco Tankers Corp. Financial Statement Overview

Summary

Okeanis Eco Tankers Corp. demonstrates strong profitability and efficient cash flow management. The company's high leverage poses risks, but its ability to generate cash and profitability provides a cushion. Declines in revenue and free cash flow growth are concerning and suggest potential challenges in sustaining growth.

Income Statement

Okeanis Eco Tankers Corp. shows strong profitability metrics with a gross profit margin of 41.27% and a net profit margin of 22.05% for TTM. However, there is a noticeable decline in revenue growth, with a decrease of 7.87% in annual revenue from 2023 to TTM. Despite this, EBITDA and EBIT margins remain robust, supporting the company's operational efficiency.

Balance Sheet

The company's balance sheet reflects moderate financial health. The debt-to-equity ratio is high at 1.54, indicating significant leverage, which could pose risks in volatile market conditions. However, the equity ratio of 38.50% and return on equity of 19.39% suggest reasonable equity financing and profitability on equity investments.

Cash Flow

Cash flow analysis reveals solid performance with a free cash flow to net income ratio of 1.24, indicating efficient conversion of income to cash. The operating cash flow to net income ratio stands at 1.26, highlighting strong cash generation relative to profits. However, free cash flow growth has seen a decline of 39% from 2023 to TTM, which is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	362.25M	393.23M	413.10M	270.97M	169.00M	282.87M
Gross Profit	149.50M	223.60M	221.41M	123.18M	44.63M	152.96M
EBITDA	174.37M	204.08M	241.51M	160.60M	70.55M	180.59M
Net Income	79.86M	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	37.15M	49.34M	49.99M	81.35M	38.18M	23.34M
Total Debt	634.07M	646.18M	693.28M	739.04M	577.00M	834.48M
Total Liabilities	657.65M	671.67M	720.98M	761.11M	596.30M	862.50M
Stockholders Equity	411.71M	410.43M	408.13M	422.24M	358.29M	397.23M
Cash Flow
Free Cash Flow	99.34M	162.82M	174.03M	-96.08M	8.21M	-19.96M
Operating Cash Flow	101.00M	162.82M	174.03M	82.52M	28.59M	152.20M
Investing Cash Flow	-8.51M	-7.94M	960.59K	-178.72M	285.68M	-183.74M
Financing Cash Flow	-158.49M	-154.68M	-207.07M	138.97M	-299.43M	41.48M

Okeanis Eco Tankers Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 23.42 is above the 20-day moving average (MA) of 23.12, above the 50-day MA of 23.15, and above the 200-day MA of 23.33, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 53.27 is Neutral, neither overbought nor oversold. The STOCH value of 76.14 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GSL	83 Outperform	$993.04M	2.63	27.25%	7.53%	3.94%	19.85%
ASC	81 Outperform	$425.74M	4.59	15.97%	1.91%	-2.75%	-12.67%
ECO	78 Outperform	kr759.05M	9.66		5.34%	-12.00%	-40.93%
NMM	74 Outperform	$1.17B	3.65	11.19%	0.50%	0.28%	-17.08%
NAT	71 Outperform	$580.20M	16.00	6.96%	10.22%	-3.87%	-46.50%
GNK	69 Neutral	$648.69M	14.47	5.02%	3.97%	-7.38%	1295.53%
Sector *	52 Neutral	C$2.94B	-1.04	-3.46%	5.85%	3.01%	-47.13%