Okeanis Eco Tankers stock: fair value
ECOThe fair value of Okeanis Eco Tankers under our model is $136.74, the price is 36% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $97.67 and expensive above $227.90 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $133.59 (cash-flow model) and $139.89 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 9.5%. At 10.5% the fair value would be $125.83, at 8.5% it would be $152.39.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (8.1).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 9.5% (government bond yield 3.8% plus beta 0.8 times a risk premium of 7.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $133.59 per share: free cash flow for the next ten years, each year discounted to today at 9.5%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.5%) |
|---|---|---|---|---|
| 2026 | $137.28M | extrapolated at 47.5% | 0.9133 | $125.38M |
| 2027 | $184.51M | extrapolated at 34.4% | 0.8341 | $153.89M |
| 2028 | $231.06M | extrapolated at 25.2% | 0.7617 | $176M |
| 2029 | $274.52M | extrapolated at 18.8% | 0.6957 | $190.97M |
| 2030 | $313.82M | extrapolated at 14.3% | 0.6353 | $199.38M |
| 2031 | $348.88M | extrapolated at 11.2% | 0.5802 | $202.43M |
| 2032 | $380.16M | extrapolated at 9.0% | 0.5299 | $201.45M |
| 2033 | $408.4M | extrapolated at 7.4% | 0.4839 | $197.64M |
| 2034 | $434.32M | extrapolated at 6.4% | 0.4420 | $191.96M |
| 2035 | $458.61M | extrapolated at 5.6% | 0.4036 | $185.11M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.82B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (9.5% − 3.8%) | $8.4B |
| Present value of terminal value (× 0.4036) | $3.39B |
| Equity value (sum plus present value of terminal value) | $5.22B |
| Shares (diluted) | 39.04M |
| Value per share (equity value divided by shares) | $133.59 |
| Earnings per share, last twelve months | $17.36 |
| × 8.1 (industry P/E) | $139.89 |
| Fair value (average of both parts) | $136.74 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 20 Oct 2026)
- Valuation signal Undervalued since 13 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.