Added to YB: 2025-12-12
Pitch date: 2025-12-11
ECO [bullish]
Okeanis Eco Tankers Corp.
+187.22%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
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 31.05
Price Target
42.00 (-53%)
Dividend
11.11%
EV/EBITDA
8.04
P/E
7.65
EV/Sales
5.46
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Our Highest-Conviction Crude Tanker Idea
ECO: Pure play crude tanker w/ 14 modern eco vessels (6 Suezmax, 8 VLCCs) equipped w/ scrubbers for fuel cost edge. Outperforms peers on rates; paid $435M divs since IPO (~1.8x IPO cap). Q4 80% VLCC days booked at ~$88k/day, 48% Suezmax at ~$61k/day. Est Q4 EPS ~$2.00, FY26 ~$8.40. 100% payout = ~10% yield 2025E, ~23% 2026E. NAV $29/sh today, $34/sh FY26. PT $42 base (1.35x NAV, 6x EPS), $46 upside. Total return: 37% base, 48% upside. Risks: geopolitics, sanctions shifts
Read full article (13 min)