Okeanis Eco Tankers Corp (OET) - Net Assets
Based on the latest financial reports, Okeanis Eco Tankers Corp (OET) has net assets worth Nkr428.30 Million NOK (≈ $45.07 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.08 Billion ≈ $113.98 Million USD) and total liabilities (Nkr654.82 Million ≈ $68.91 Million USD). 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. Also explore total assets of Okeanis Eco Tankers Corp for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr428.30 Million |
| % of Total Assets | 39.54% |
| 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. For live valuation and market cap data, see Okeanis Eco Tankers Corp stock valuation.
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. Explore OET cash flow metrics to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr410.43 Million ≈ $43.19 Million |
+0.56% |
| 2023-12-31 | Nkr408.13 Million ≈ $42.95 Million |
-3.34% |
| 2022-12-31 | Nkr422.24 Million ≈ $44.43 Million |
+17.85% |
| 2021-12-31 | Nkr358.29 Million ≈ $37.70 Million |
-9.80% |
| 2020-12-31 | Nkr397.23 Million ≈ $41.80 Million |
+16.25% |
| 2019-12-31 | Nkr341.69 Million ≈ $35.96 Million |
+8.00% |
| 2018-12-31 | Nkr316.37 Million ≈ $33.29 Million |
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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 | Nkr400.51 Million | 97.58% |
| Other Components | Nkr9.91 Million | 2.42% |
| Total Equity | Nkr410.43 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 |
|---|---|
|
Antin IP SA
PA:ANTIN
|
$1.75 Billion |
|
Golden Ocean Group Ltd
OL:GOGL
|
$1.75 Billion |
|
Bumitama Agri Ltd
F:2BU
|
$1.75 Billion |
|
Xuzhou Handler Special Vehicle Co Ltd
SHE:300201
|
$1.75 Billion |
|
Elvalhalcor Hellenic Copper and Aluminium Industry S.A
AT:ELHA
|
$1.74 Billion |
|
Minmetals Development Co Ltd
SHG:600058
|
$1.74 Billion |
|
Sonic Automotive Inc
NYSE:SAH
|
$1.74 Billion |
|
Adecoagro S.A
F:ACD
|
$1.74 Billion |
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.
- Share repurchases of 106,562,497 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr108.86 Million | +26.52% |
| Share Repurchases | Nkr106.56 Million | -25.96% |
| Other Changes | Nkr-6.00K | -0.0% |
| Total Change | Nkr- | 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: 40.40x
- 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 decreased from 50.97x to 40.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr10.10 | Nkr515.00 | x |
| 2019-12-31 | Nkr10.44 | Nkr515.00 | x |
| 2020-12-31 | Nkr12.27 | Nkr515.00 | x |
| 2021-12-31 | Nkr11.09 | Nkr515.00 | x |
| 2022-12-31 | Nkr13.12 | Nkr515.00 | x |
| 2023-12-31 | Nkr12.68 | Nkr515.00 | x |
| 2024-12-31 | Nkr12.75 | Nkr515.00 | 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 (15.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1.43% | -10.34% | 0.07x | 2.11x | Nkr-36.17 Million |
| 2019 | 3.33% | 8.91% | 0.11x | 3.25x | Nkr-22.79 Million |
| 2020 | 25.51% | 35.82% | 0.22x | 3.17x | Nkr61.60 Million |
| 2021 | -0.25% | -0.53% | 0.18x | 2.66x | Nkr-36.73 Million |
| 2022 | 20.03% | 31.21% | 0.23x | 2.80x | Nkr42.34 Million |
| 2023 | 35.59% | 35.16% | 0.37x | 2.77x | Nkr104.44 Million |
| 2024 | 26.52% | 27.68% | 0.36x | 2.64x | Nkr67.82 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: $503,500,625
- Average return on equity (ROE) among peers: -0.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Okeanis Eco Tankers Corp (OET) | Nkr428.30 Million | -1.43% | 1.53x | $1.74 Billion |
| 2020 Bulkers Ltd (2020) | $151.90 Million | 50.23% | 0.76x | $7.25 Million |
| ADS Maritime Holding Plc (ADS) | $55.99 Million | 0.00% | 0.65x | $18.68 Million |
| American Shipping Company ASA (AMSC) | $72.80 Million | 42.46% | 11.81x | $7.19K |
| BW LPG Ltd (BWLPG) | $1.93 Billion | 12.58% | 0.64x | $2.96 Billion |
| Golden Energy Offshore Services AS (GEOS) | $71.31 Million | -140.83% | 3.12x | $58.11 Million |
| Golden Ocean Group Ltd (GOGL) | $315.16 Million | 6.18% | 0.45x | $1.75 Billion |
| Hafnia Ltd (HAFNI) | $554.11 Million | 12.24% | 1.45x | $4.30 Billion |
| Hoegh Autoliners ASA (HAUTO) | $671.70 Million | -9.37% | 1.29x | $2.66 Billion |
| Havila Shipping ASA (HAVI) | $1.13 Billion | 27.25% | 2.90x | $32.72 Million |
| Himalaya Shipping Ltd (HSHP) | $90.69 Million | -2.21% | 0.97x | $623.43 Million |
About 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.