Okeanis Eco Tankers Corp.
Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. Okeanis Eco Tankers Corp. was incorporated in 2018 and is based in Neo Faliro, Greece.
Okeanis Eco Tankers Corp. (ECO) - Net Assets
Latest net assets as of September 2025: $429.81 Million USD
Based on the latest financial reports, Okeanis Eco Tankers Corp. (ECO) has net assets worth $429.81 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.07 Billion) and total liabilities ($637.29 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $429.81 Million |
| % of Total Assets | 40.28% |
| Annual Growth Rate | 4.43% |
| 5-Year Change | 3.32% |
| 10-Year Change | N/A |
| Growth Volatility | 10.08 |
Okeanis Eco Tankers Corp. - Net Assets Trend (2018–2024)
This chart illustrates how Okeanis Eco Tankers Corp.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Okeanis Eco Tankers Corp. (2018–2024)
The table below shows the annual net assets of Okeanis Eco Tankers Corp. from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $410.43 Million | +0.56% |
| 2023-12-31 | $408.13 Million | -3.34% |
| 2022-12-31 | $422.24 Million | +17.85% |
| 2021-12-31 | $358.29 Million | -9.80% |
| 2020-12-31 | $397.23 Million | +16.25% |
| 2019-12-31 | $341.69 Million | +8.00% |
| 2018-12-31 | $316.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Okeanis Eco Tankers Corp.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 40353110600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $400.51 Million | 97.58% |
| Common Stock | $32.89K | 0.01% |
| Other Comprehensive Income | $-35.91K | -0.01% |
| Other Components | $9.92 Million | 2.42% |
| Total Equity | $410.43 Million | 100.00% |
Okeanis Eco Tankers Corp. Competitors by Market Cap
The table below lists competitors of Okeanis Eco Tankers Corp. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NXAGF
PINK:NXAGF
|
$627.73 Million |
|
Manchester United Ltd
NYSE:MANU
|
$627.77 Million |
|
Diversified United Investment Ltd
AU:DUI
|
$627.86 Million |
|
HELLENiQ ENERGY Holdings S.A.
PINK:HLPXF
|
$627.93 Million |
|
Goldlok Toys Holdings Guangdong Co Ltd
SHE:002348
|
$627.40 Million |
|
Shanghai Pudong Road & Bridge Construction Co Ltd
SHG:600284
|
$627.27 Million |
|
Yunnan Xiyi Industrial Co Ltd
SHE:002265
|
$627.22 Million |
|
Shanghai Hanbell Precise Machinery Co Ltd
SHE:002158
|
$627.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Okeanis Eco Tankers Corp.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 408,132,148 to 410,426,916, a change of 2,294,768 (0.6%).
- Net income of 108,863,270 contributed positively to equity growth.
- Dividend payments of 106,562,497 reduced retained earnings.
- Share repurchases of 106,562,497 reduced equity.
- Other comprehensive income decreased equity by 6,005.
- Other factors increased equity by 106,562,497.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $108.86 Million | +26.52% |
| Dividends Paid | $106.56 Million | -25.96% |
| Share Repurchases | $106.56 Million | -25.96% |
| Other Comprehensive Income | $-6.00K | -0.0% |
| Other Changes | $106.56 Million | +25.96% |
| Total Change | $- | 0.56% |
Book Value vs Market Value Analysis
This analysis compares Okeanis Eco Tankers Corp.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.66x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.14x to 3.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $14.89 | $46.70 | x |
| 2019-12-31 | $10.59 | $46.70 | x |
| 2020-12-31 | $12.24 | $46.70 | x |
| 2021-12-31 | $11.07 | $46.70 | x |
| 2022-12-31 | $13.11 | $46.70 | x |
| 2023-12-31 | $12.68 | $46.70 | x |
| 2024-12-31 | $12.75 | $46.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Okeanis Eco Tankers Corp. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.52%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.68%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.64x
- Recent ROE (26.52%) is above the historical average (15.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -0.95% | -10.34% | 0.04x | 2.11x | $-34.66 Million |
| 2019 | 3.33% | 8.91% | 0.11x | 3.25x | $-22.79 Million |
| 2020 | 25.51% | 35.82% | 0.22x | 3.17x | $61.60 Million |
| 2021 | -0.25% | -0.53% | 0.18x | 2.66x | $-36.73 Million |
| 2022 | 20.03% | 31.21% | 0.23x | 2.80x | $42.34 Million |
| 2023 | 35.59% | 35.16% | 0.37x | 2.77x | $104.44 Million |
| 2024 | 26.52% | 27.68% | 0.36x | 2.64x | $67.82 Million |
Industry Comparison
This section compares Okeanis Eco Tankers Corp.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Okeanis Eco Tankers Corp. (ECO) | $429.81 Million | -0.95% | 1.48x | $627.46 Million |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |