Okeanis Eco Tankers Corp. owns, charters out, and operates tanker vessels. More Details
Undervalued with acceptable track record.
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 is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: OET's weekly volatility (4%) has been stable over the past year.
7 Day Return
NO Oil and Gas
1 Year Return
NO Oil and Gas
Return vs Industry: OET underperformed the Norwegian Oil and Gas industry which returned -22% over the past year.
Return vs Market: OET underperformed the Norwegian Market which returned -4.1% over the past year.
Long-Term 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
2 weeks ago | Simply Wall StHere's Why We Don't Think Okeanis Eco Tankers's (OB:OET) Statutory Earnings Reflect Its Underlying Earnings Potential
1 month ago | Simply Wall StWould Shareholders Who Purchased Okeanis Eco Tankers' (OB:OET) Stock Year Be Happy With The Share price Today?
2 months ago | Simply Wall StDid Okeanis Eco Tankers Corp. (OB:OET) Insiders Buy Up More Shares?
Is Okeanis Eco Tankers undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OET (NOK58.2) is trading below our estimate of fair value (NOK169.06)
Significantly Below Fair Value: OET is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OET is good value based on its PE Ratio (1.9x) compared to the NO Oil and Gas industry average (5.6x).
PE vs Market: OET is good value based on its PE Ratio (1.9x) compared to the Norwegian market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: OET's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: OET is good value based on its PB Ratio (0.5x) compared to the NO Oil and Gas industry average (0.7x).
How is Okeanis Eco Tankers forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OET's earnings are forecast to decline over the next 3 years (-37.2% per year).
Earnings vs Market: OET's earnings are forecast to decline over the next 3 years (-37.2% per year).
High Growth Earnings: OET's earnings are forecast to decline over the next 3 years.
Revenue vs Market: OET's revenue is expected to decline over the next 3 years (-16.7% per year).
High Growth Revenue: OET's revenue is forecast to decline over the next 3 years (-16.7% 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 (12.1%).
How has Okeanis Eco Tankers performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: OET has high quality earnings.
Growing Profit Margin: OET's current net profit margins (38.5%) are higher than last year (6.4%).
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 past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: OET earnings growth over the past year (1483.9%) exceeded the Oil and Gas industry 118.4%.
Return on Equity
High ROE: Whilst OET's Return on Equity (28.38%) is high, this metric is skewed due to their high level of debt.
How is Okeanis Eco Tankers's financial position?
Financial Position Analysis
Short Term Liabilities: OET's short term assets ($57.4M) do not cover its short term liabilities ($83.0M).
Long Term Liabilities: OET's short term assets ($57.4M) do not cover its long term liabilities ($794.5M).
Debt to Equity History and Analysis
Debt Level: OET's debt to equity ratio (216.1%) 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 (17.9%).
Interest Coverage: OET's interest payments on its debt are well covered by EBIT (3.9x coverage).
What is Okeanis Eco Tankers's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OET's dividend (46.04%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.45%).
High Dividend: OET's dividend (46.04%) is in the top 25% of dividend payers in the Norwegian market (6.03%)
Stability and Growth of Payments
Stable Dividend: Too early to tell whether OET's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if OET's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.4%), OET's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OET's dividends in 3 years are not forecast to be well covered by earnings (94.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
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...
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Okeanis Eco Tankers Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Okeanis Eco Tankers Corp.
- Ticker: OET
- Exchange: OB
- Founded: 2018
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: kr1.884b
- Shares outstanding: 32.38m
- Website: https://www.okeanisecotankers.com
- Okeanis Eco Tankers Corp.
- Ethnarchou Makariou av
- & 2 D. Falireos St
- 185 47
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OET||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jul 2018|
|OETO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jul 2018|
|7OK||BST (Boerse-Stuttgart)||Yes||Ordinary Shares||DE||EUR||Jul 2018|
|OKEN.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2018|
Okeanis Eco Tankers Corp. owns, charters out, and operates tanker vessels. The company also offers commercial shipping services. It consists of three modern Aframax/LR2 tankers, four modern Suezmax tankers...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/24 22:20|
|End of Day Share Price||2020/11/24 00:00|
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.