Analyzing Okeanis Eco Tankers (ECO) and The Competition

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

Dividends

Okeanis Eco Tankers pays an annual dividend of $4.40 per share and has a dividend yield of 13.9%. 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 5.6% and pay out 35.8% of their earnings in the form of a dividend.

Analyst Ratings

This is a breakdown of current ratings and target prices for Okeanis Eco Tankers and its rivals, as provided 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	255	1468	1744	81	2.47

Okeanis Eco Tankers presently has a consensus price target of $44.00, suggesting a potential upside of 38.32%. As a group, “Deep sea foreign transportation of freight” companies have a potential upside of 27.67%. Given Okeanis Eco Tankers’ stronger consensus rating and higher possible upside, research analysts clearly believe Okeanis Eco Tankers is more favorable than its rivals.

Insider and Institutional Ownership

46.1% of shares of all “Deep sea foreign transportation of freight” companies are held by institutional investors. 14.4% of shares of all “Deep sea foreign transportation of freight” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

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	31.54%	16.15%	8.27%

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
Okeanis Eco Tankers	$403.85 million	$145.25 million	7.56
Okeanis Eco Tankers Competitors	$802.22 million	$123.43 million	11.70

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.

About Okeanis Eco Tankers

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.