Okeanis Eco Tankers Corp
OET
ISIN MHY641771016 / Valor 42493861
Okeanis Eco Tankers Corp
UMushroom community rating:
About company
Okeanis Eco Tankers Corp is a shipping company specializing in the transportation of crude oil. The company operates a fleet of high-standard tankers and collaborates closely with major oil companies to provide reliable and efficient maritime services. Okeanis Eco Tankers focuses on maintaining a balance between traditional maritime practices and innovative strategies to enhance its trading operations. The company is known for its consistent profitability, driven by a dedicated and cohesive workforce. Emphasizing safety and environmental responsibility, Okeanis Eco Tankers aims to achieve long-term operational excellence through the active participation of all its employees, from top management to seafarers.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (13.06.2024):
Revenue Growth
In the fiscal year ended December 31, 2022, Okeanis Eco Tankers Corp reported a significant increase in revenue, totaling $271.0 million, up from $169.0 million in 2021. This increase was primarily driven by a 73% rise in daily fleet-wide time charter equivalent (TCE) earnings.
Profitability
Okeanis Eco Tankers Corp achieved a substantial turnaround in profitability, reporting a profit of $84.6 million for the year ended December 31, 2022, or $2.63 per share, compared to a loss of $0.9 million, or $0.03 per share in 2021.
Asset and Liability Management
As of December 31, 2022, Okeanis Eco Tankers Corp's total assets increased to $1,183.4 million from $954.6 million in 2021, following the delivery of two VLCC vessels. Total liabilities also rose to $761.1 million, primarily due to additional long-term debt associated with new vessel acquisitions.
Cash Flow Insights
For the year 2022, Okeanis Eco Tankers Corp generated $82.5 million in net cash from operating activities, a significant improvement from $28.6 million in 2021. However, net cash used in investing activities was $178.7 million, mainly for vessel acquisitions.
Financial Stability
The consolidated financial statements of Okeanis Eco Tankers Corp have been prepared on a going concern basis, reflecting the company's stable financial condition and positive cash flow projections, with no unfunded capital commitments as confirmed by the Board of Directors.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
610 M
Market cap (USD)
72,125
Daily traded volume (Shares)
221.5 / 214.5
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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