Added to YB: 2025-12-12
Pitch date: 2025-12-11
ECO [bullish]
Okeanis Eco Tankers Corp.
+61.25%
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
N/A
Pitch Price
NOK 35.21
Price Target
42.00 (-23%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
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)