Stock OET OKEANIS ECO TANKERS CORP.
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Financials Okeanis Eco Tankers Corp.

Equities

OET

MHY641771016

Oil & Gas Transportation Services

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-04-26 am EDT 		5-day change 1st Jan Change
341.5 NOK +3.48% Intraday chart for Okeanis Eco Tankers Corp. +1.94% +26.72%
Apr. 16 B. Riley Initiates Okeanis Eco Tankers at Buy With $38 Price Target, Highlights 'Strong' Free Cash Flow MT
Apr. 11 Nordic Shares Declined Thursday; New Wave Group Series B Took Biggest Hit DJ

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 237.4 397.4 207.3 260.5 559.2 995.5 995.5 -
Enterprise Value (EV) 1 558.7 1,117 1,018 798.1 1,215 1,492 1,558 1,490
P/E ratio -47.4 x 34.7 x 2.05 x -269 x 6.6 x 5.88 x 6.36 x 5.33 x
Yield - - 22.6% 14.4% 3.45% 16.4% 14.8% 19.2%
Capitalization / Revenue 8.17 x 3.96 x 0.9 x 2.14 x 2.89 x 2.07 x 2.94 x 2.76 x
EV / Revenue 19.2 x 11.1 x 4.41 x 6.55 x 6.28 x 3.61 x 4.6 x 4.13 x
EV / EBITDA 47 x 15.9 x 5.57 x 11.3 x 8.2 x 6.18 x 6.48 x 5.4 x
EV / FCF -2.93 x -2.76 x - 2.54 x -12.6 x 8.53 x 7.56 x 6.71 x
FCF Yield -34.1% -36.3% - 39.4% -7.92% 11.7% 13.2% 14.9%
Price to Book 0.75 x 1.16 x 0.52 x 0.73 x 1.32 x 2.09 x 2.2 x 2.12 x
Nbr of stocks (in thousands) 31,310 32,740 32,376 32,317 32,194 32,194 32,194 -
Reference price 2 7.583 12.14 6.402 8.062 17.37 30.92 30.92 30.92
Announcement Date 3/1/19 2/28/20 2/11/21 2/24/22 2/23/23 2/29/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 29.04 100.3 231 121.8 193.5 413.1 338.3 360.5
EBITDA 1 11.88 70.36 183 70.55 148.1 241.5 240.3 275.9
EBIT 1 4.554 45.28 141.4 31.88 110.1 201.1 199.2 234.9
Operating Margin 15.68% 45.13% 61.2% 26.18% 56.91% 48.69% 58.87% 65.16%
Earnings before Tax (EBT) 1 -2.887 11.38 101.3 -0.9029 84.56 145.3 156.6 187
Net income 1 -2.887 11.38 101.3 -0.9029 84.56 145.3 145.7 171.7
Net margin -9.94% 11.35% 43.86% -0.74% 43.7% 35.16% 43.07% 47.64%
EPS 2 -0.1600 0.3500 3.120 -0.0300 2.630 4.510 4.862 5.806
Free Cash Flow 1 -190.6 -404.8 - 314.3 -96.2 175 206 222
FCF margin -656.22% -403.5% - 258.1% -49.71% 42.36% 60.89% 61.59%
FCF Conversion (EBITDA) - - - 445.49% - 72.46% 85.74% 80.48%
FCF Conversion (Net income) - - - - - 120.48% 141.37% 129.29%
Dividend per Share 2 - - 1.450 1.160 0.6000 4.360 4.581 5.952
Announcement Date 3/1/19 2/28/20 2/11/21 2/24/22 2/23/23 2/29/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 34.48 24.15 23.56 26.44 36 48.88 82.15 88.45 91.22 59.68 91.67 89.51 68.58 79.17 104.3
EBITDA 1 22.23 11.29 11.85 16.23 24.69 37.39 69.79 74.4 77.45 45.47 44.19 63.34 42.85 54.02 77.86
EBIT 1 11.4 3.008 3.486 7.992 14.67 27.84 59.62 64.41 67.38 35.43 33.91 53.15 32.66 43.5 67.67
Operating Margin 33.08% 12.46% 14.8% 30.23% 40.74% 56.97% 72.57% 72.82% 73.86% 59.36% 36.99% 59.38% 47.63% 54.94% 64.9%
Earnings before Tax (EBT) 1 -8.079 -4.708 4.542 9.282 7.942 18.91 48.43 51.6 52.94 19.45 21.26 40.62 24.55 30.32 60.64
Net income 1 -8.079 -4.708 4.542 9.282 7.942 18.91 48.43 51.6 52.94 19.45 21.26 38.9 18.72 29.96 54.21
Net margin -23.43% -19.5% 19.28% 35.11% 22.06% 38.69% 58.95% 58.34% 58.03% 32.59% 23.19% 43.46% 27.29% 37.84% 51.98%
EPS 2 -0.2500 -0.1500 0.1400 0.2900 0.2500 0.5900 1.500 1.600 1.640 0.6000 0.6600 1.266 0.7706 0.7967 1.686
Dividend per Share 2 0.7500 0.3100 - - - 0.3000 0.3000 1.600 1.500 0.6000 0.6600 1.181 0.4780 0.7170 1.517
Announcement Date 8/11/21 11/30/21 2/24/22 5/13/22 8/12/22 11/10/22 2/23/23 5/12/23 8/11/23 11/9/23 2/29/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 321 719 811 538 655 638 562 494
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 27.04 x 10.22 x 4.433 x 7.62 x 4.425 x 2.643 x 2.34 x 1.791 x
Free Cash Flow 1 -191 -405 - 314 -96.2 175 206 222
ROE (net income / shareholders' equity) - 3.46% 28% - 21.7% 35% 36.4% 40.6%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 10.10 10.40 12.30 11.10 13.10 12.70 14.00 14.60
Cash Flow per Share - - - - - - - -
Capex 1 192 443 179 20.4 179 2.33 8 5.5
Capex / Sales 661.07% 441.92% 77.47% 16.74% 92.3% 0.78% 2.36% 1.53%
Announcement Date 3/1/19 2/28/20 2/11/21 2/24/22 2/23/23 2/29/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Okeanis Eco Tankers Corp.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
30.92 USD
Average target price
36.93 USD
Spread / Average Target
+19.44%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Sea-Borne Tankers

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Sea-Borne Tankers
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