Okeanis Eco Tankers Corp. Common Stock (ECO)

FairStock Score: 73/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Okeanis Eco Tankers as a simple but cyclical business: it owns 16 tankers, eight Suezmax and eight VLCC, and moves crude oil. There is little pricing power in commodity shipping; the moat, if any, is a modern fleet, low overhead with only 14 employees, and operating discipline. The latest quarter was extraordinary: in fiscal Q2 2026 revenue was $318.9 million, net income $230.3 million, and the margin was 72.23%. FairStock shows ROE of 61.59%, ROCE of 20.15%, a Piotroski F-Score of 8/9, and an Altman Z-Score of 2.99. Debt-to-equity is 0.82, which is manageable but not trivial for a capital-intensive fleet. The trouble is cash. Trailing twelve-month free cash flow was only $44.9 million, a 2.3% FCF yield, so the huge accounting profit is not fully dropping to cash after the costs of running and renewing ships. At the 2026-10-13 close of $99.26, FairStock's P/E is 9.20, but P/B is 4.42 and the Graham Number is $73.86, giving a -34.39% margin of safety; the price is above that conservative asset-based estimate. The dividend yield is 11.54%, attractive only if freight earnings persist. The data show explosive growth, but with zero years of filed annual results for the computed Lynch category, I cannot judge a full cycle. This looks like a financially strong but fair-weather cyclical selling near its 52-week high of $100.68. I would demand a larger discount to through-cycle value before calling it undervalued.

In plain English: Okeanis Eco Tankers owns and runs 16 large ships that carry crude oil around the world. In the latest reported quarter, fiscal Q2 2026, it earned $318.9 million in revenue and $230.3 million in net income, so the business looks very profitable right now. At $99.26 on 2026-10-13, the stock looks expensive compared with its accounting value and a simple value estimate, even though it pays a high dividend and trades at a low price compared to its recent profits.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer