Okeanis Eco Tankers (ECO) Stock Analysis & Winston Score

Okeanis Eco Tankers is a shipping company that moves crude oil and refined petroleum products across the ocean for energy companies, oil traders, and refineries around the world. It owns a fleet of large tankers — mainly VLCCs (Very Large Crude Carriers) and Suezmax vessels — which are among the biggest oil-carrying ships on the water. The company is based in Greece, a country with a long history in global shipping.

Okeanis makes money by charging customers daily rates, called "time charter" or "spot market" rates, to rent its ships for carrying oil. Its fleet is newer and more fuel-efficient than many competitors, which lowers operating costs and helps it meet tightening environmental rules — that efficiency is its main competitive edge. However, tanker shipping is a cyclical business, meaning profits rise and fall sharply with global oil demand and the supply of available ships, so earnings can be unpredictable from year to year.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+112.3% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+492.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

39.9%ownership

Insiders own a meaningful stake in the company

Cash Runway

~4 months

$126M cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Revenue accelerating

Okeanis Eco Tankers grew revenue 112% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

64.5%

Premium pricing power — 64.5% gross margin

Operating Margin

57.6%

Excellent — 57.6% operating margin

ROCE

7.0%

Weak — 7.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+32.9%

Fast-growing sales (32.9% YoY)

EPS YoY

+128.2%

Earnings growing fast (128.2% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

105%

Turns 105% of profit into real cash

FCF Margin

-5.9%

Burning cash (-5.9%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.94

Moderate — manageable debt (0.94)

Interest Cover

5.80x

Adequate interest coverage (5.8x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)

9.9x

no trend

Attractive valuation — P/E 9.9

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

-0.2

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend Yield

8.59%

no trend

Healthy income — 8.59% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth

+125.2%

no trend

Dividend growing fast (125.2% YoY)

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