Analyzing Euronav (NYSE:CMBT) & OceanPal (NASDAQ:OP)

Profitability

This table compares OceanPal and Euronav’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
OceanPal	-37.37%	-10.69%	-10.06%
Euronav	117.02%	22.29%	10.17%

Dividends

OceanPal pays an annual dividend of $2.00 per share and has a dividend yield of 192.3%. Euronav pays an annual dividend of $0.52 per share and has a dividend yield of 5.9%. OceanPal pays out -105.8% of its earnings in the form of a dividend. Euronav pays out 11.9% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. OceanPal is clearly the better dividend stock, given its higher yield and lower payout ratio.

Earnings and Valuation

This table compares OceanPal and Euronav”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
OceanPal	$5.27 billion	0.00	-$1.98 million	($1.89)	-0.55
Euronav	$940.25 million	1.82	$858.03 million	$4.38	2.01

Euronav has lower revenue, but higher earnings than OceanPal. OceanPal is trading at a lower price-to-earnings ratio than Euronav, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk

OceanPal has a beta of 0.53, meaning that its share price is 47% less volatile than the S&P 500. Comparatively, Euronav has a beta of -0.12, meaning that its share price is 112% less volatile than the S&P 500.

Summary

Euronav beats OceanPal on 7 of the 11 factors compared between the two stocks.

About OceanPal

OceanPal Inc. provides ocean-going transportation services worldwide. The company owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including bauxite, phosphate, and fertilizers. As of December 31, 2023, its fleet consisted of five dry bulk carriers, which include three Panamaxes and two Capesize vessels with a cargo carrying capacity of approximately 572,599 deadweight tons. The company was incorporated in 2021 and is based in Athens, Greece.

About Euronav

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium. As of March 15, 2024, Euronav NV operates as subsidiary of CMB NV.