(ECO) Okeanis Eco Tankers - Overview

Sector: IndustrialsIndustry: Marine Shipping | Exchange NYSE (USA) | Currency USD | Market Cap: 1.977m | Total Return 148.9% in 12m

Stock: Suezmax, VLCC, Tanker, Crude Oil

Total Rating 76
Risk 72
Buy Signal 0.56
Marine Shipping -17.1
Marine Transportation -19.4
Market Cap: 1,977m
Avg Trading Vol: 23.4M USD
ATR: 4.29%
Peers RS (IBD): 91.2
Risk 5d forecast
Volatility 45.3%
Relative Tail Risk -3.77%
Reward TTM
Sharpe Ratio 2.24
Alpha 132.34
Character TTM
Beta 0.596
Beta Downside 0.435
Drawdowns 3y
Max DD 46.15%
CAGR/Max DD 2.95

EPS (Earnings per Share)

EPS (Earnings per Share) of ECO over the last years for every Quarter: "2021-03": 0.2268, "2021-06": -0.2495, "2021-09": -0.1454, "2021-12": 0.1404, "2022-03": 0.288, "2022-06": 0.2467, "2022-09": 0.5873, "2022-12": 1.5042, "2023-03": 1.6029, "2023-06": 1.6443, "2023-09": 0.648, "2023-12": 0.6604, "2024-03": 1.23, "2024-06": 1.23, "2024-09": 0.45, "2024-12": 0.41, "2025-03": 0.39, "2025-06": 0.83, "2025-09": 0.77, "2025-12": 1.78,
EPS CAGR: 62.53%
EPS Trend: 22.1%
Last SUE: 3.52
Qual. Beats: 8

Revenue

Revenue of ECO over the last years for every Quarter: 2021-03: 47.973621, 2021-06: 47.370822, 2021-09: 38.674899, 2021-12: 34.978883, 2022-03: 41.647584, 2022-06: 49.874718, 2022-09: 69.213247, 2022-12: 110.236872, 2023-03: 112.552594, 2023-06: 119.807339, 2023-09: 89.066153, 2023-12: 111.12334, 2024-03: 111.12334, 2024-06: 111.987643, 2024-09: 84.929328, 2024-12: 85.18952, 2025-03: 80.147652, 2025-06: 93.947134, 2025-09: 90.602272, 2025-12: 126.851761,
Rev. CAGR: 34.58%
Rev. Trend: 50.5%
Last SUE: 2.78
Qual. Beats: 1

Description: ECO Okeanis Eco Tankers March 03, 2026

Okeanis Eco Tankers Corp. (NYSE: ECO) is a Greek-registered marine transportation firm that owns and operates a fleet of 14 modern crude-oil tankers – six Suezmax and eight VLCC vessels – serving global shipping routes. The company was incorporated in 2018 and is headquartered in Neo Faliro, Greece.

As of the latest quarter (Q4 2025), Okeanis reported a fleet utilization rate of roughly 92%, with average spot rates of about $15,000 /day for Suezmax and $12,000 /day for VLCC vessels, driving an EBITDA of $210 million and a debt-to-equity ratio of 1.2×. The firm benefits from rising crude-oil demand and tighter OPEC+ supply balances, which have lifted the Baltic Dirty Tanker Index by 18% year-to-date.

For a deeper dive, check out ValueRay’s analysis.

Headlines to watch out for

  • Crude oil demand dictates tanker utilization and freight rates
  • Global shipping regulations impact operational costs and fleet upgrades
  • Geopolitical events disrupt shipping routes and increase fuel prices
  • New vessel deliveries affect supply-demand balance in tanker market

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income: 123.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA -9.01 > 1.0
NWC/Revenue: 42.42% < 20% (prev 11.76%; Δ 30.66% < -1%)
CFO/TA 0.09 > 3% & CFO 111.3m > Net Income 123.0m
Net Debt (488.5m) to EBITDA (207.6m): 2.35 < 3
Current Ratio: 3.41 > 1.5 & < 3
Outstanding Shares: last quarter (33.7m) vs 12m ago 4.70% < -2%
Gross Margin: 49.40% > 18% (prev 0.46%; Δ 4.89k% > 0.5%)
Asset Turnover: 34.31% > 50% (prev 36.34%; Δ -2.03% > 0%)
Interest Coverage Ratio: 3.94 > 6 (EBITDA TTM 207.6m / Interest Expense TTM 42.2m)

Altman Z'' 3.87

A: 0.14 (Total Current Assets 234.9m - Total Current Liabilities 68.9m) / Total Assets 1.20b
B: 0.38 (Retained Earnings 452.8m / Total Assets 1.20b)
C: 0.15 (EBIT TTM 166.1m / Avg Total Assets 1.14b)
D: 0.72 (Book Value of Equity 452.8m / Total Liabilities 627.6m)
Altman-Z'' Score: 3.87 = AA

Beneish M -2.18

DSRI: 2.14 (Receivables 85.1m/40.0m, Revenue 391.5m/393.2m)
GMI: 0.94 (GM 49.40% / 46.40%)
AQI: 0.94 (AQ_t 0.00 / AQ_t-1 0.00)
SGI: 1.00 (Revenue 391.5m / 393.2m)
TATA: 0.01 (NI 123.0m - CFO 111.3m) / TA 1.20b)
Beneish M-Score: -2.18 (Cap -4..+1) = BB

What is the price of ECO shares?

As of March 28, 2026, the stock is trading at USD 49.90 with a total of 287,150 shares traded.
Over the past week, the price has changed by +8.20%, over one month by -4.99%, over three months by +52.92% and over the past year by +148.85%.

Is ECO a buy, sell or hold?

Okeanis Eco Tankers has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy ECO.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the ECO price?

Issuer Target Up/Down from current
Wallstreet Target Price 55 10.2%
Analysts Target Price 55 10.2%

ECO Fundamental Data Overview March 26, 2026

P/E Trailing = 13.4271
P/E Forward = 6.993
P/S = 5.0501
P/B = 3.1422
Revenue TTM = 391.5m USD
EBIT TTM = 166.1m USD
EBITDA TTM = 207.6m USD
Long Term Debt = 470.6m USD (from longTermDebt, last quarter)
Short Term Debt = 46.5m USD (from shortTermDebt, last quarter)
Debt = 605.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 488.5m USD (from netDebt column, last quarter)
Enterprise Value = 2.47b USD (1.98b + Debt 605.1m - CCE 116.6m)
Interest Coverage Ratio = 3.94 (Ebit TTM 166.1m / Interest Expense TTM 42.2m)
EV/FCF = 34.68x (Enterprise Value 2.47b / FCF TTM 71.1m)
FCF Yield = 2.88% (FCF TTM 71.1m / Enterprise Value 2.47b)
FCF Margin = 18.16% (FCF TTM 71.1m / Revenue TTM 391.5m)
Net Margin = 31.40% (Net Income TTM 123.0m / Revenue TTM 391.5m)
Gross Margin = 49.40% ((Revenue TTM 391.5m - Cost of Revenue TTM 198.1m) / Revenue TTM)
Gross Margin QoQ = 65.20% (prev 42.79%)
Tobins Q-Ratio = 2.05 (Enterprise Value 2.47b / Total Assets 1.20b)
Interest Expense / Debt = 1.34% (Interest Expense 8.11m / Debt 605.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = 131.2m (EBIT 166.1m * (1 - 21.00%))
Current Ratio = 3.41 (Total Current Assets 234.9m / Total Current Liabilities 68.9m)
Debt / Equity = 1.06 (Debt 605.1m / totalStockholderEquity, last quarter 573.1m)
Debt / EBITDA = 2.35 (Net Debt 488.5m / EBITDA 207.6m)
Debt / FCF = 6.87 (Net Debt 488.5m / FCF TTM 71.1m)
Total Stockholder Equity = 460.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.77% (Net Income 123.0m / Total Assets 1.20b)
RoE = 26.69% (Net Income TTM 123.0m / Total Stockholder Equity 460.7m)
RoCE = 17.84% (EBIT 166.1m / Capital Employed (Equity 460.7m + L.T.Debt 470.6m))
RoIC = 12.12% (NOPAT 131.2m / Invested Capital 1.08b)
WACC = 6.43% (E(1.98b)/V(2.58b) * Re(8.08%) + D(605.1m)/V(2.58b) * Rd(1.34%) * (1-Tc(0.21)))
Discount Rate = 8.08% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 2.32%
[DCF] Terminal Value 78.46% ; FCFF base≈107.3m ; Y1≈70.4m ; Y5≈32.2m
[DCF] Fair Price = 10.58 (EV 901.4m - Net Debt 488.5m = Equity 412.9m / Shares 39.0m; r=6.43% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 22.05 | EPS CAGR: 62.53% | SUE: 3.52 | # QB: 8
Revenue Correlation: 50.53 | Revenue CAGR: 34.58% | SUE: 2.78 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.74 | Chg7d=+0.740 | Chg30d=+0.740 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=4.35 | Chg7d=+1.850 | Chg30d=+1.850 | Revisions Net=+1 | Growth EPS=+15.4% | Growth Revenue=+56.8%
EPS next Year (2027-12-31): EPS=4.26 | Chg7d=+4.260 | Chg30d=+4.260 | Revisions Net=+1 | Growth EPS=-2.1% | Growth Revenue=-18.7%

Additional Sources for ECO Stock

Fund Manager Positions: Dataroma | Stockcircle