Stock fact sheet · data as of
Okeanis Eco Tankers Corp. (ECO): fair value, margin of safety and Wheel Score
Industrials · Marine Shipping · Greece · High Yield Income
Is ECO undervalued?
Okeanis Eco Tankers Corp. (ECO) closed at 89.18 on 16 Oct 2026, close to the GLS average fair value of 94.88 (6.0% below fair value). 4 of the 9 models that produced a number sit above the price, 5 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
There is a wide gap between GLS Growth (14.76) and DCF (220.83). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files ECO under High Yield Income: a dividend yield above 4%.
Nine valuation models for ECO
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 220.83 | +148% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 72.17 | -19% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 162.63 | +82% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 40.32 | -55% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 14.76 | -83% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 71.09 | -20% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 19.70 | -78% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 140.39 | +57% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 112.01 | +26% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -12.01 | -113% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 44.00 | -51% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Okeanis Eco Tankers Corp. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 3.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 10.4%, ROE 21.5%, ROA 10.2% - with debt at 1.06 times equity and a free-cash-flow yield of 1.2%.
The dividend yield is high at 10.47% (payout ratio 47%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Voyage Charter 98%, Time Charter 2% (fiscal year FY2025).
Institutional ownership scores 3/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 10.4% |
|---|---|---|---|
| GLS Moat | 3.7 / 10 | ROE | 21.5% |
| Debt / equity | 1.06 | ROA | 10.2% |
| Free-cash-flow yield | 1.2% | Payout ratio | 47% |
| Institutions | 3 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 70: Good
With a Wheel Score of 70 - the Good band - Okeanis Eco Tankers Corp. clears the Sunday Scan's "70 or higher" rule. The parts: Value 15/25, Health 13/20, Moat 6/15, Premium 19/20, Stability 17/20; Moat (6/15) scores lowest.
Implied volatility is 63% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (19 of 20) because volatility this high usually comes with a reason. Chain open interest is 32,316 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.4M shares a day on a market cap of $2.9B, with a beta of -0.44 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 17 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 15 / 25 | 6% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 6 / 15 | moat 3.7/10 | |
| Premium | 19 / 20 | implied volatility 63% | |
| Stability | 17 / 20 | 1.4M shares/day, $2.9B cap, beta -0.44 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 11 Nov 2026 (after the close), 26 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Marine Shipping
The 12 companies below are the closest to Okeanis Eco Tankers Corp. by market cap within the Marine Shipping industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| DAC Danaos Corporation | 158.72 | 279.74 | +43% | 77Good | $2.9B |
| SBLK Star Bulk Carriers Corp. | 28.77 | 32.78 | +12% | 77Good | $3.2B |
| NMM Navios Maritime Partners L.P. | 89.19 | 158.69 | +44% | 82Prime | $2.5B |
| TNK Teekay Tankers Ltd. | 101.56 | 150.97 | +33% | 78Good | $3.5B |
| ZIM ZIM Integrated Shipping Services Ltd. | 29.84 | 70.48 | +58% | 79Good | $3.6B |
| BWLP BW LPG Limited | 24.48 | 86.91 | +72% | 39No options | $3.7B |
| DHT DHT Holdings, Inc. | 23.43 | 40.72 | +42% | 82Prime | $3.8B |
| TRMD TORM plc | 39.91 | 58.25 | +31% | 83Prime | $4.1B |
| STNG Scorpio Tankers Inc. | 85.98 | 178.00 | +52% | 86Prime | $4.3B |
| SFL SFL Corporation Ltd | 13.05 | 17.27 | +24% | 76Good | $1.7B |
| CMRE Costamare Inc. | 14.28 | 20.68 | +31% | 76Good | $1.7B |
| NAT Nordic American Tankers Limited | 7.82 | 6.67 | -17% | 58Fair | $1.7B |
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Start free See the Sunday ScanQuestions about ECO
Is ECO undervalued right now?
Not meaningfully: at 89.18 the stock trades within a few percent of the GLS average fair value of 94.88 (6.0% below fair value, data as of 16 Oct 2026).
What is the Wheel Score of ECO and what does it mean?
ECO scores 70 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ECO?
94.88 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Okeanis Eco Tankers Corp. report earnings next?
The next earnings report is due on 11 Nov 2026 (after the close), 26 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ECO have listed options, and how liquid are they?
Yes. The nightly snapshot found 318 listed contracts with 32,316 open interest across all expiries and implied volatility of 63% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.