Okeanis Eco Tankers Stock Price To Book
| ECO Stock | 22.99 0.59 2.50% |
Okeanis Eco Tankers fundamentals help investors to digest information that contributes to Okeanis Eco's financial success or failures. It also enables traders to predict the movement of Okeanis Stock. The fundamental analysis module provides a way to measure Okeanis Eco's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Okeanis Eco stock.
As of the 26th of November 2024, Price To Book Ratio is likely to grow to 2.29. Okeanis | Price To Book |
Okeanis Eco Tankers Company Price To Book Analysis
Okeanis Eco's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Okeanis Eco Price To Book | 1.84 X |
Most of Okeanis Eco's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Okeanis Eco Tankers is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Okeanis Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Okeanis Eco is extremely important. It helps to project a fair market value of Okeanis Stock properly, considering its historical fundamentals such as Price To Book. Since Okeanis Eco's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Okeanis Eco's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Okeanis Eco's interrelated accounts and indicators.
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Okeanis Price To Book Historical Pattern
Today, most investors in Okeanis Eco Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Okeanis Eco's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Okeanis Eco price to book as a starting point in their analysis.
Okeanis Eco Price To Book |
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Okeanis Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Okeanis Eco Tankers has a Price To Book of 1.8438 times. This is 68.75% lower than that of the Marine Transportation sector and significantly higher than that of the Industrials industry. The price to book for all United States stocks is 80.61% higher than that of the company.
Okeanis Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Okeanis Eco's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Okeanis Eco could also be used in its relative valuation, which is a method of valuing Okeanis Eco by comparing valuation metrics of similar companies.Okeanis Eco is currently under evaluation in price to book category among its peers.
Okeanis Eco ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Okeanis Eco's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Okeanis Eco's managers, analysts, and investors.Environmental | Governance | Social |
Okeanis Fundamentals
| Return On Equity | 0.29 | ||||
| Return On Asset | 0.095 | ||||
| Profit Margin | 0.29 % | ||||
| Operating Margin | 0.32 % | ||||
| Current Valuation | 1.36 B | ||||
| Shares Outstanding | 32.19 M | ||||
| Shares Owned By Insiders | 62.89 % | ||||
| Shares Owned By Institutions | 15.36 % | ||||
| Number Of Shares Shorted | 142.51 K | ||||
| Price To Book | 1.84 X | ||||
| Price To Sales | 1.90 X | ||||
| Revenue | 413.1 M | ||||
| Gross Profit | 161.15 M | ||||
| EBITDA | 241.51 M | ||||
| Net Income | 145.25 M | ||||
| Total Debt | 693.28 M | ||||
| Book Value Per Share | 12.79 X | ||||
| Cash Flow From Operations | 174.03 M | ||||
| Short Ratio | 1.29 X | ||||
| Earnings Per Share | 3.78 X | ||||
| Target Price | 44.0 | ||||
| Number Of Employees | 14 | ||||
| Beta | -0.029 | ||||
| Market Capitalization | 751.8 M | ||||
| Total Asset | 1.13 B | ||||
| Retained Earnings | 291.65 M | ||||
| Working Capital | 32.33 M | ||||
| Annual Yield | 0.14 % | ||||
| Net Asset | 1.13 B |
About Okeanis Eco Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Okeanis Eco Tankers's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Okeanis Eco using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Okeanis Eco Tankers based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Okeanis Eco
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Okeanis Eco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Okeanis Eco will appreciate offsetting losses from the drop in the long position's value.Moving together with Okeanis Stock
Moving against Okeanis Stock
The ability to find closely correlated positions to Okeanis Eco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Okeanis Eco when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Okeanis Eco - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Okeanis Eco Tankers to buy it.
The correlation of Okeanis Eco is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Okeanis Eco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Okeanis Eco Tankers moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Okeanis Eco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Okeanis Eco Piotroski F Score and Okeanis Eco Altman Z Score analysis. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Marine Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okeanis Eco. If investors know Okeanis will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okeanis Eco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Earnings Share 3.78 | Revenue Per Share 12.416 | Quarterly Revenue Growth (0.05) | Return On Assets 0.095 |
The market value of Okeanis Eco Tankers is measured differently than its book value, which is the value of Okeanis that is recorded on the company's balance sheet. Investors also form their own opinion of Okeanis Eco's value that differs from its market value or its book value, called intrinsic value, which is Okeanis Eco's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okeanis Eco's market value can be influenced by many factors that don't directly affect Okeanis Eco's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okeanis Eco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okeanis Eco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okeanis Eco's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.