Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price84.95 USD
Fair value62.55
Ethical score70.0/100
RatingOPPORTUNITY
Our investment reviews on this name
2026-08-27Read Markup64.24+32.2% to today ✓
2026-07-02Read Accumulation52.74+61.1% to today ✓
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Okeanis Eco Tankers Corp. holds its Accumulation at $84.95. Consolidating, no directional conviction, held for 542 days.
As held on the ledger · 2026-09-18
Phase
Accumulation
Quantitative state
Consolidating, no directional conviction, held for 542 days
Price at the screen
$84.95
Valuation
6.62 trailing · 12.05 forward price to earnings
Values screen
PASS· score 70.0
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
28.25%
Below 33%
Interest-bearing debt is just 28.2% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
5.45%
Below 33%
Cash held in interest-bearing accounts and securities is 5.4% of assets, under the one-third limit.
Pass
Receivables
0.00%
Below 49%
Money owed to the company is 0.0% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OPPORTUNITY: it trades above our $62.55 fair value estimate, weak competitive moat, 239.40% revenue growth.
Fair value range in USD, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. The price runs 26.4% above the base estimate.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Tanker Cycles Offer Cheap Entry But Traps Await
Picture a fleet of VLCCs and Suezmax tankers hauling crude across oceans, where every voyage depends on oil prices that swing like a pendulum. Okeanis stands out because it trades at 9.7 times forward earnings with revenue growth of 112 percent and a modest 13 percent margin of safety to fair value. The business clears the ethical screen cleanly, which is rare in shipping.
Yet the numbers hide the classic cyclical trap. Profit margins sit at negative 9 percent and the moat is weak, leaving the firm exposed to charter rates that collapse when demand fades. A single analyst target sits higher at 75 dollars, but history shows low multiples in this sector often mark peak earnings rather than lasting value.
The real danger lies in assuming the current upswing lasts. Fleet utilisation can drop fast, capital spending stays heavy and currency moves in Greece add further volatility. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Greece and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ECO trades on the NYSE (the company is based in Greece). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-27Markup · changed$64.24+19.2%Entry 5
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 19.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 38% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 140%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it none, with a mean price target of $75.
2026-07-27Accumulation$53.88+2.2%Entry 4
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 38% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 140%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it strong buy, with a mean price target of $75.
2026-07-18Accumulation$52.74+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 38% above its long-term trend line with momentum reading bearish. Over the past year the shares are up 140%. Our forward projection puts the odds of a 10% gain over the next month near 31%. The street (1 analysts) rates it strong buy, with a mean price target of $75.
2026-07-03Accumulation$52.74+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Accumulation$52.74Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
