Okeanis Eco Tankers Corp. (ECO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+155.7%

$236.01

vs $92.29 price

Levered DCF

$102.37

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.41

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	8.98×	6.29×	6.1×	9.49×	-894.27×	8×	71.29×	-178.21×
P/B	1.92×	1.67×	2.17×	1.9×	2.25×	2.04×	2.36×	1.68×
P/S	2.82×	1.74×	2.14×	2.97×	4.78×	2.86×	6.3×	18.15×
EV / EBITDA	9.68×	6.29×	6.26×	9.27×	20.76×	8.85×	21.66×	71.77×
Gross margin	57.3%	56.9%	53.6%	45.5%	26.4%	54.1%	41.5%	22.1%
Operating margin	41.5%	41.4%	48.7%	40.6%	18.9%	50.0%	35.8%	14.8%
Net margin	31.4%	27.7%	35.2%	31.2%	-0.5%	35.8%	8.9%	-10.3%
Current ratio	3.41×	1.64×	1.31×	1.66×	1.02×	0.53×	0.5×	0.88×
Debt / equity	1.06×	1.57×	1.7×	1.75×	1.61×	2.1×	2.14×	1.07×
Interest coverage	3.86×	3.04×	3.43×	2.89×	0.88×	3.75×	1.35×	0.49×
Dividend yield	6.4%	15.6%	18.0%	2.4%	0.4%	5.4%	0.0%	0.0%
Payout ratio	57.5%	97.9%	109.7%	22.8%	-356.6%	43.2%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	21.5%	26.5%	35.6%	20.0%	-0.3%	25.5%	3.3%	-1.0%
Return on invested capital	13.8%	15.4%	18.3%	9.5%	3.4%	11.5%	4.3%	0.7%
Return on assets	10.2%	10.1%	12.9%	7.1%	-0.1%	8.0%	1.0%	-0.5%
Free cash flow yield	6.5%	22.5%	19.4%	-12.3%	0.8%	-2.8%	-51.5%	-37.0%
Earnings yield	11.2%	15.9%	16.4%	10.5%	-0.1%	12.5%	1.4%	-0.6%
Enterprise value	$1.6B	$1.3B	$1.5B	$1.5B	$1.3B	$1.6B	$1.5B	$852M
Net debt / EBITDA	2.97×	2.93×	2.63×	4.17×	8.31×	4.42×	10.22×	27.11×
Cash conversion cycle (days)	87	48	54	81	9	-5	21	41