OB:OET

Stock Analysis Report

Okeanis Eco Tankers

Executive Summary

Okeanis Eco Tankers Corp. owns, charters out, and operates tanker vessels.

Rewards

Trading at 57.2% below its fair value

Earnings are forecast to grow 72.4% per year

Risk Analysis

Has less than 1 year of cash runway

Less than 3 years of financial data is available



Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Okeanis Eco Tankers's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OET has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-8.2%

OET

-1.7%

NO Oil and Gas

-0.8%

NO Market


1 Year Return

55.4%

OET

-3.9%

NO Oil and Gas

4.9%

NO Market

Return vs Industry: OET exceeded the Norwegian Oil and Gas industry which returned -2.8% over the past year.

Return vs Market: OET exceeded the Norwegian Market which returned 4.5% over the past year.


Shareholder returns

OETIndustryMarket
7 Day-8.2%-1.7%-0.8%
30 Day-1.0%0.5%1.1%
90 Day5.2%3.1%4.4%
1 Year55.4%55.4%1.3%-3.9%10.5%4.9%
3 Yearn/a35.3%18.8%31.4%15.1%
5 Yearn/a80.2%44.8%64.3%26.9%

Price Volatility Vs. Market

How volatile is Okeanis Eco Tankers's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Okeanis Eco Tankers undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OET (NOK113) is trading below our estimate of fair value (NOK264.11)

Significantly Below Fair Value: OET is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OET is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: OET is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OET's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OET is overvalued based on its PB Ratio (1.3x) compared to the NO Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Okeanis Eco Tankers forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

71.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OET is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).

Earnings vs Market: OET is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: OET's is expected to become profitable in the next 3 years.

Revenue vs Market: OET's revenue (38.1% per year) is forecast to grow faster than the Norwegian market (3.2% per year).

High Growth Revenue: OET's revenue (38.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OET's Return on Equity is forecast to be low in 3 years time (18.4%).


Next Steps

Past Performance

How has Okeanis Eco Tankers performed over the past 5 years?

28.7%

Historical Energy annual earnings growth


Earnings and Revenue History

Quality Earnings: OET is currently unprofitable.

Growing Profit Margin: OET is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if OET's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare OET's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OET is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (49.1%).


Return on Equity

High ROE: OET has a negative Return on Equity (-2.64%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Okeanis Eco Tankers's financial position?


Financial Position Analysis

Short Term Liabilities: OET's short term assets ($29.3M) do not cover its short term liabilities ($65.4M).

Long Term Liabilities: OET's short term assets ($29.3M) do not cover its long term liabilities ($643.8M).


Debt to Equity History and Analysis

Debt Level: OET's debt to equity ratio (210.8%) is considered high.

Reducing Debt: Insufficient data to determine if OET's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: OET's debt is not well covered by operating cash flow (2.2%).

Interest Coverage: OET is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: OET has a high level of physical assets or inventory.

Debt Coverage by Assets: OET's debt is not covered by short term assets (assets are 0x debt).


Next Steps

Dividend

What is Okeanis Eco Tankers's current dividend yield, its reliability and sustainability?

14.74%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%2.4%markettop25%5.5%industryaverage5.6%forecastin3Years14.7%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate OET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate OET's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OET's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OET's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OET's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

What is the CEO of Okeanis Eco Tankers's salary, the management and board of directors tenure and is there insider trading?


CEO

Ioannis Alafouzos 0

0yrs

Tenure

0

Mr. Ioannis Aristidis Alafouzos serves as Chairman and Chief Executive Officer at Okeanis Eco Tankers Corp and served as Its Chief Operating Officer at Okeanis Eco Tankers Corp. Mr. Alafouzos is Co-Owner o ...


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Sellkr1,775,30022 Nov 19
Ironsides Partners LLC
EntityCompany
Shares17,753
Max Pricekr100.00
Sellkr1,164,00022 Nov 19
Ironsides Partners LLC
EntityCompany
Shares11,640
Max Pricekr100.00
Sellkr6,217,90521 Nov 19
Ironsides Partners LLC
EntityCompany
Shares62,049
Max Pricekr100.21
Sellkr5,000,00014 Oct 19
Ironsides Partners LLC
EntityCompany
Shares50,000
Max Pricekr100.00
Buykr4,410,00014 Oct 19
Sea Shell Enterprises Limited
EntityCompany
Shares45,000
Max Pricekr98.00
Buykr1,764,00014 Oct 19
Ioannis Alafouzos
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares18,000
Max Pricekr98.00
Buykr38,900,00014 Oct 19
QVT Financial LP
EntityCompany
Shares400,000
Max Pricekr98.50
Sellkr19,700,00014 Oct 19
Vr Capital Group Ltd.
EntityCompany
Shares200,000
Max Pricekr98.50
Buykr332,50010 Sep 19
Aristidis Alafouzos
EntityIndividual
Role
Chief Operating Officer
Chief Operating officer
Shares5,000
Max Pricekr66.50
Buykr68,88028 May 19
Michalis Moraitakis
EntityIndividual
Shares984
Max Pricekr70.00
Buykr1,762,50027 May 19
QVT Financial LP
EntityCompany
Shares25,000
Max Pricekr70.50
Buykr131,140,00514 May 19
Ioannis Alafouzos
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares1,580,000
Max Pricekr83.00
Buykr135,00002 Apr 19
Aristidis Alafouzos
EntityIndividual
Role
Chief Operating Officer
Chief Operating officer
Shares2,000
Max Pricekr67.50

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Management Team

  • John Papaioannou

    Chief Financial Officer

    • Tenure: 1.3yrs
  • Ioannis Alafouzos

    Chairman & CEO

    • Thalia Kalafati

      Treasurer

      • Aristidis Alafouzos

        Chief Operating officer

        • Dimitra Kontogogou

          Company Secretary


          Board Members

          • Robert Knapp (54yo)

            Director

            • Dan Gold (51yo)

              Director

              • Charlotte Stratos (65yo)

                Independent Director

                • Ioannis Alafouzos

                  Chairman & CEO

                  • John Kittmer

                    Independent Director

                    • Joshua Nemser

                      Director

                      Company Information

                      Okeanis Eco Tankers Corp.'s company bio, employee growth, exchange listings and data sources


                      Key Information

                      • Name: Okeanis Eco Tankers Corp.
                      • Ticker: OET
                      • Exchange: OB
                      • Founded: 2018
                      • Industry: Oil and Gas Storage and Transportation
                      • Sector: Energy
                      • Market Cap: kr3.307b
                      • Shares outstanding: 32.74m
                      • Website: https://www.okeanisecotankers.com

                      Location

                      • Okeanis Eco Tankers Corp.
                      • Ethnarchou Makariou av, & 2 D. Falireos street
                      • N. Faliro
                      • Piraeus
                      • 185 47
                      • Greece

                      Listings

                      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                      OETOB (Oslo Bors)YesOrdinary SharesNONOKJul 2018
                      OETOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKJul 2018
                      7OKBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJul 2018

                      Biography

                      Okeanis Eco Tankers Corp. owns, charters out, and operates tanker vessels. It also offers commercial shipping services. The company was founded in 2018 and is headquartered in Piraeus, Greece. 


                      Company Analysis and Financial Data Status

                      All financial data provided by Standard & Poor's Capital IQ.
                      DataLast Updated (UTC time)
                      Company Analysis2020/01/24 23:37
                      End of Day Share Price2020/01/24 00:00
                      Earnings2019/09/30
                      Annual Earnings2018/12/31


                      Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.