653.20 NOK (−24.0%)
4 analysts
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Okeanis Eco Tankers is a Greek shipping company that owns and operates a modern fleet of large tankers (crude and clean products), generating revenue mainly from freight on global routes, with particular exposure to the Persian Gulf and the Strait of Hormuz.
Listed on Euronext Oslo Børs · Symbol OET.OL · OB: OET · Currency NOK
Key points
from its scores- ✓Good share-price trend9.8
- ✓Attractive dividend9.4
- ✓Favourable backdrop8.9
AI analysis
bottom line, main risk, context and newsThe numbers are excellent, but the market already discounts peak freight rates and the risk of a Hormuz reopening that would sink growth is the dominant factor.
Okeanis Eco Tankers shows spectacular fundamentals at the peak of the cycle: an operating margin of 74.97%, ROE of 61.59%, and earnings growth of 606.30%, with a P/E of 8.09 and a net dividend yield of 22.82%. However, free cash flow conversion is negative (-25.86%) and the business depends on exceptional freight rates linked to the Strait of Hormuz blockade, making current growth unsustainable and the risk of reversal very high.
The main risk is the reversal of peak freight rates: if the Strait of Hormuz reopens or the risk premium is defused, revenues and earnings will fall sharply, leaving a forward P/E of 11.12 and already negative free cash flow conversion.
Context and risks
Okeanis Eco Tankers is a shipping company with a fleet of crude and clean product tankers, with direct exposure to the Persian Gulf routes and the Strait of Hormuz, currently blocked. The asymmetry of the risk is extreme: a sudden agreement that reopens the strait would send freight rates and fleet values down sharply, while the current escalation is already discounted in the elevated revenues and the stock's high momentum.
Is Okeanis Eco Tankers stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 55% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 8.1 | 25.4 | −68% |
| EV / EBITDA | 8.4 | 14.5 | −42% |
| Price / book | 6.1 | 4.1 | +51% |
| Price / sales | 5.0 | 2.1 | +141% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.6 out of 10 (median for Industrials: 5.0).
Average analyst target: 653.20 NOK, −24.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.9 (sector 6.4), Growth 7.1 (sector 6.6).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 8.1
- Forward P/E
- 11.1
- EV / EBITDA
- 8.4
- Price / book
- 6.1
- Price / sales
- 5.0
- PEG
- 0.32
- Market cap
- 33.6B NOK
- Enterprise value
- 4.0B USD
Profitability
- ROE
- 61.6%
- ROA
- 20.1%
- ROIC (approx.)
- 40.9%
- Gross margin
- 72.3%
- Operating margin
- 75.0%
- Net margin
- 56.9%
- Free cash flow
- −123.9M USD
- FCF yield
- −3.5%
- Cash conversion
- −26%
Solvency
- Total debt
- 722.5M USD
- Net debt
- 499.9M USD
- Cash
- 222.6M USD
- EBITDA
- 479.2M USD
- Net debt / EBITDA
- 1.04
- Debt / equity
- 82.33
- Current ratio
- 4.43
- Quick ratio
- 3.72
Growth
- Revenue growth
- +239.4%
- Earnings growth
- +606.3%
- EPS (TTM)
- 106.34 NOK
- EPS (forward)
- 77.34 NOK
Dividend
- Dividend yield
- 22.8%
- Payout
- 46.3%
Risk and market
- Beta
- −0.06
- Analyst consensus
- Buy (4)
- Target price
- 653.20 NOK
- 52-week range
- 278.50 – 871.00
Recent news
All OET.OL news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about Okeanis Eco Tankers
Is Okeanis Eco Tankers stock cheap or expensive?
On P/E and EV / EBITDA, it trades 55% below the Industrials median on average. Valuation score: 6.6 out of 10 (median for Industrials: 5.0). Average analyst target: 653.20 NOK, −24.0% versus the price. This is not investment advice.
What score does Okeanis Eco Tankers get on MeridIAn Screener?
It scores 7.9 out of 10, rank 16 of 2,130 (better than 99% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Valuation (6.6). Analysis of 08/10/2026.
What is Okeanis Eco Tankers's P/E ratio?
Its P/E is 8.1: the share price equals 8.1 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 11.1.
How much is Okeanis Eco Tankers worth on the stock market?
Its market capitalisation is 33.6B NOK and its enterprise value, debt included, is 4.0B NOK.
How much debt does Okeanis Eco Tankers have?
Its net debt (debt minus cash) is 499.9M USD. That is 1.04 times its EBITDA; the Industrials median is 1.58.
Does Okeanis Eco Tankers pay a dividend?
Yes: its dividend yield is 22.82% and it pays out 46% of its earnings.
How has Okeanis Eco Tankers stock performed over the last year?
It has risen 191.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 278.50 and 871.00 NOK. Past performance does not guarantee future results.
What do analysts think of Okeanis Eco Tankers?
4 analysts cover it; their average recommendation is “Buy” and their average target is 653.20 NOK (−24.0% versus the price). It is an estimate, not market data.