Added to YB: 2024-08-30
Pitch date: 2024-08-29
ECO [bullish]
Okeanis Eco Tankers Corp.
+269.17%
current return
Author Info
Company Info
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 16 tanker vessels comprising eight modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil.
Market Cap
NOK 3.4B
Pitch Price
NOK 24.16
Price Target
N/A
Dividend
11.11%
EV/EBITDA
8.04
P/E
7.65
EV/Sales
5.46
Sector
Oil, Gas and Consumable Fuels
Category
dividend
I am the Captain Now, Tanker Edition: Hafnia $HAFN, TORM plc $TRMD, and Okeanis $ECO
ECO: Crude oil tanker co, 14 ships, 4yr avg age, 100% scrubber-equipped. 56% owned by Alafouzos family. 12% div yield, 100% FCF payout, spot market exposure. Low orderbook, aging fleet support day rates. Geopolitics boost demand. Trading at fleet resale value. Risks: peace outbreak, cyclical nature.
Read full article (5 min)