Okeanis Historical Cash Flow
| ECO Stock | 22.99 0.59 2.50% |
Analysis of Okeanis Eco cash flow over time is an excellent tool to project Okeanis Eco Tankers future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Capital Expenditures of 3.1 M or Total Cash From Operating Activities of 182.7 M as it is a great indicator of Okeanis Eco ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Okeanis Eco Tankers latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Okeanis Eco Tankers is a good buy for the upcoming year.
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About Okeanis Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Okeanis balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Okeanis's non-liquid assets can be easily converted into cash.
Okeanis Eco Cash Flow Chart
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Capital Expenditures
Capital Expenditures are funds used by Okeanis Eco Tankers to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Okeanis Eco operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Dividends Paid
The total amount of dividends that a company has paid out to its shareholders over a specific period.Most accounts from Okeanis Eco's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Okeanis Eco Tankers current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. At this time, Okeanis Eco's Free Cash Flow is very stable compared to the past year. As of the 26th of November 2024, Total Cash From Operating Activities is likely to grow to about 182.7 M, though Change To Inventory is likely to grow to (7.9 M).
Okeanis Eco cash flow statement Correlations
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Okeanis Eco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Okeanis Eco cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (3.9M) | 785.0K | (6.9M) | (4.4M) | (8.3M) | (7.9M) | |
| Change In Cash | (4.7M) | 9.9M | 14.8M | 43.2M | (31.4M) | (29.8M) | |
| Free Cash Flow | (414.7M) | (20.0M) | 8.2M | (96.1M) | 171.6M | 180.2M | |
| Change In Working Capital | (666.8K) | 5.9M | (8.9M) | (45.5M) | (7.7M) | (8.1M) | |
| Other Cashflows From Financing Activities | (1.9M) | (14.5M) | 318.4K | (2.4M) | (160.7M) | (152.7M) | |
| Depreciation | 24.6M | 41.6M | 38.7M | 38.0M | 40.4M | 34.9M | |
| Other Non Cash Items | 49.1M | 3.3M | (272.6K) | 5.5M | (3.9M) | (3.7M) | |
| Capital Expenditures | 443.7M | 172.2M | 20.4M | 178.6M | 3.3M | 3.1M | |
| Total Cash From Operating Activities | 29.0M | 152.2M | 28.6M | 82.5M | 174.0M | 182.7M | |
| Change To Account Receivables | (10.1M) | 3.5M | 7.1M | (42.1M) | (4.8M) | (5.0M) | |
| Net Income | 11.4M | 101.3M | (902.9K) | 84.6M | 145.3M | 152.5M | |
| Total Cash From Financing Activities | 411.8M | 41.5M | (299.4M) | 139.0M | (207.1M) | (196.7M) | |
| End Period Cash Flow | 13.4M | 23.3M | 38.2M | 81.3M | 50.0M | 41.1M |
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
| 0.7 | SB-PD | Safe Bulkers | PairCorr |
| 0.67 | SB-PC | Safe Bulkers | PairCorr |
| 0.57 | PXSAP | Pyxis Tankers | PairCorr |
| 0.33 | KEX | Kirby | PairCorr |
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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Okeanis Eco Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.