OKEANIS ECO TANKERS CORP (ECO) Stock Fundamental Analysis
NYSE:ECO - New York Stock Exchange, Inc. - MHY641771016 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to ECO. ECO was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. ECO has only an average score on both its financial health and profitability. ECO is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings would make ECO suitable for value investing!
1. Profitability
1.1 Basic Checks
ECO had positive earnings in the past year.
ECO had a positive operating cash flow in the past year.
ECO had positive earnings in 4 of the past 5 years.
ECO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ECO's Return On Assets of 7.58% is fine compared to the rest of the industry. ECO outperforms 74.76% of its industry peers.
With an excellent Return On Equity value of 19.66%, ECO belongs to the best of the industry, outperforming 84.29% of the companies in the same industry.
ECO has a Return On Invested Capital of 10.28%. This is in the better half of the industry: ECO outperforms 77.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ECO is significantly below the industry average of 23.80%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.58% | ||
| ROE | 19.66% | ||
| ROIC | 10.28% |
ROA(3y)10.02%
ROA(5y)7.6%
ROE(3y)27.38%
ROE(5y)21.48%
ROIC(3y)12.09%
ROIC(5y)9.75%
1.3 Margins
The Profit Margin of ECO (22.38%) is better than 74.29% of its industry peers.
In the last couple of years the Profit Margin of ECO has grown nicely.
The Operating Margin of ECO (35.92%) is better than 80.48% of its industry peers.
ECO's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.92% | ||
| PM (TTM) | 22.38% | ||
| GM | N/A |
OM growth 3Y30.03%
OM growth 5Y2.97%
PM growth 3YN/A
PM growth 5Y25.49%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ECO is creating some value.
The number of shares outstanding for ECO remains at a similar level compared to 1 year ago.
Compared to 5 years ago, ECO has less shares outstanding
Compared to 1 year ago, ECO has an improved debt to assets ratio.
2.2 Solvency
ECO has an Altman-Z score of 2.01. This is not the best score and indicates that ECO is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of ECO (2.01) is better than 66.19% of its industry peers.
The Debt to FCF ratio of ECO is 7.02, which is on the high side as it means it would take ECO, 7.02 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 7.02, ECO is in line with its industry, outperforming 56.67% of the companies in the same industry.
A Debt/Equity ratio of 1.42 is on the high side and indicates that ECO has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.42, ECO is doing worse than 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 7.02 | ||
| Altman-Z | 2.01 |
ROIC/WACC1.22
WACC8.42%
2.3 Liquidity
A Current Ratio of 1.66 indicates that ECO should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.66, ECO is doing good in the industry, outperforming 71.90% of the companies in the same industry.
A Quick Ratio of 1.29 indicates that ECO should not have too much problems paying its short term obligations.
ECO's Quick ratio of 1.29 is fine compared to the rest of the industry. ECO outperforms 67.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.29 |
3. Growth
3.1 Past
The earnings per share for ECO have decreased strongly by -40.82% in the last year.
ECO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 56.82% yearly.
The Revenue for ECO has decreased by -12.08% in the past year. This is quite bad
Measured over the past years, ECO shows a very strong growth in Revenue. The Revenue has been growing by 25.20% on average per year.
EPS 1Y (TTM)-40.82%
EPS 3Y122.85%
EPS 5Y56.82%
EPS Q2Q%-70.73%
Revenue 1Y (TTM)-12.08%
Revenue growth 3Y32.49%
Revenue growth 5Y25.2%
Sales Q2Q%-27.87%
3.2 Future
Based on estimates for the next years, ECO will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.03% on average per year.
Based on estimates for the next years, ECO will show a decrease in Revenue. The Revenue will decrease by -0.09% on average per year.
EPS Next Y24.97%
EPS Next 2Y21.37%
EPS Next 3Y16.03%
EPS Next 5YN/A
Revenue Next Year19.89%
Revenue Next 2Y11.63%
Revenue Next 3Y-0.09%
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 9.43 indicates a reasonable valuation of ECO.
Based on the Price/Earnings ratio, ECO is valued a bit cheaper than 73.81% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.54. ECO is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 4.72, which indicates a rather cheap valuation of ECO.
92.38% of the companies in the same industry are more expensive than ECO, based on the Price/Forward Earnings ratio.
ECO is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.44, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 4.72 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ECO.
ECO's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ECO is cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.41 | ||
| EV/EBITDA | 8.15 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ECO has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ECO's earnings are expected to grow with 16.03% in the coming years.
PEG (NY)0.38
PEG (5Y)0.17
EPS Next 2Y21.37%
EPS Next 3Y16.03%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.93%, ECO has a reasonable but not impressive dividend return.
ECO's Dividend Yield is comparable with the industry average which is at 6.49.
Compared to an average S&P500 Dividend Yield of 2.35, ECO pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.93% |
5.2 History
ECO has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y21.37%
EPS Next 3Y16.03%
23.1
+0.21 (+0.92%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners17.01%
Inst Owner ChangeN/A
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap759.76M
Analysts82.22
Price Target39.8 (72.29%)
Short Float %2.16%
Short Ratio1.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.93% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-1.44%
Min EPS beat(2)-1.9%
Max EPS beat(2)-0.99%
EPS beat(4)0
Avg EPS beat(4)-6.49%
Min EPS beat(4)-19.36%
Max EPS beat(4)-0.99%
EPS beat(8)2
Avg EPS beat(8)-4.99%
EPS beat(12)3
Avg EPS beat(12)-3.29%
EPS beat(16)4
Avg EPS beat(16)-47.1%
Revenue beat(2)2
Avg Revenue beat(2)53.44%
Min Revenue beat(2)40.87%
Max Revenue beat(2)66.01%
Revenue beat(4)4
Avg Revenue beat(4)44.4%
Min Revenue beat(4)19.23%
Max Revenue beat(4)66.01%
Revenue beat(8)8
Avg Revenue beat(8)42.59%
Revenue beat(12)12
Avg Revenue beat(12)39.47%
Revenue beat(16)16
Avg Revenue beat(16)37.71%
PT rev (1m)3%
PT rev (3m)2.77%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.15%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-15.94%
Revenue NQ rev (3m)-23.58%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.43 | ||
| Fwd PE | 4.72 | ||
| P/S | 2.1 | ||
| P/FCF | 8.41 | ||
| P/OCF | 7.52 | ||
| P/B | 1.85 | ||
| P/tB | 1.85 | ||
| EV/EBITDA | 8.15 |
EPS(TTM)2.45
EY10.61%
EPS(NY)4.89
Fwd EY21.17%
FCF(TTM)2.75
FCFY11.89%
OCF(TTM)3.07
OCFY13.29%
SpS11
BVpS12.5
TBVpS12.5
PEG (NY)0.38
PEG (5Y)0.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.58% | ||
| ROE | 19.66% | ||
| ROCE | 13.01% | ||
| ROIC | 10.28% | ||
| ROICexc | 10.28% | ||
| ROICexgc | 10.28% | ||
| OM | 35.92% | ||
| PM (TTM) | 22.38% | ||
| GM | N/A | ||
| FCFM | 24.95% |
ROA(3y)10.02%
ROA(5y)7.6%
ROE(3y)27.38%
ROE(5y)21.48%
ROIC(3y)12.09%
ROIC(5y)9.75%
ROICexc(3y)12.57%
ROICexc(5y)10.1%
ROICexgc(3y)12.57%
ROICexgc(5y)10.1%
ROCE(3y)15.3%
ROCE(5y)12.34%
ROICexcg growth 3Y63.02%
ROICexcg growth 5Y28.99%
ROICexc growth 3Y63.02%
ROICexc growth 5Y28.99%
OM growth 3Y30.03%
OM growth 5Y2.97%
PM growth 3YN/A
PM growth 5Y25.49%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 7.02 | ||
| Debt/EBITDA | 3.43 | ||
| Cap/Depr | 26.07% | ||
| Cap/Sales | 2.95% | ||
| Interest Coverage | 2.6 | ||
| Cash Conversion | 59.06% | ||
| Profit Quality | 111.49% | ||
| Current Ratio | 1.66 | ||
| Quick Ratio | 1.29 | ||
| Altman-Z | 2.01 |
F-Score5
WACC8.42%
ROIC/WACC1.22
Cap/Depr(3y)168.52%
Cap/Depr(5y)194.39%
Cap/Sales(3y)23.17%
Cap/Sales(5y)28.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-40.82%
EPS 3Y122.85%
EPS 5Y56.82%
EPS Q2Q%-70.73%
EPS Next Y24.97%
EPS Next 2Y21.37%
EPS Next 3Y16.03%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.08%
Revenue growth 3Y32.49%
Revenue growth 5Y25.2%
Sales Q2Q%-27.87%
Revenue Next Year19.89%
Revenue Next 2Y11.63%
Revenue Next 3Y-0.09%
Revenue Next 5YN/A
EBIT growth 1Y-32.19%
EBIT growth 3Y72.28%
EBIT growth 5Y28.92%
EBIT Next Year12.91%
EBIT Next 3Y15.3%
EBIT Next 5YN/A
FCF growth 1Y66.09%
FCF growth 3Y164.58%
FCF growth 5YN/A
OCF growth 1Y-37.44%
OCF growth 3Y78.64%
OCF growth 5Y33.43%