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Okeanis Eco Tankers

Executive Summary

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


Snowflake Analysis

Undervalued with acceptable track record.


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 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.


Market Performance


7 Day Return

3.6%

OET

7.7%

NO Oil and Gas

3.0%

NO Market


1 Year Return

-40.6%

OET

-16.9%

NO Oil and Gas

-1.9%

NO Market

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.


Shareholder returns

OETIndustryMarket
7 Day3.6%7.7%3.0%
30 Day3.9%15.9%8.3%
90 Day-0.3%5.3%6.8%
1 Year-27.9%-40.6%-12.6%-16.9%1.7%-1.9%
3 Yearn/a3.6%-9.4%9.5%-2.8%
5 Yearn/a44.7%15.4%54.5%23.8%

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

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 (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).


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?

-37.2%

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%).


Next Steps

Past Performance

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

1,483.9%

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.


Next Steps

  • Explore strong past performing companies in the Energy industry.

Financial Health

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).


Balance Sheet


Next Steps

Dividend

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

46.04%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Ioannis Alafouzos

no data

Tenure

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...


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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: kr1.884b
  • Shares outstanding: 32.38m
  • Website: https://www.okeanisecotankers.com

Location

  • Okeanis Eco Tankers Corp.
  • Ethnarchou Makariou av
  • & 2 D. Falireos St
  • 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
OKEN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2018

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 22:20
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.