Okeanis Eco Tankers (NYSE:ECO) vs. Danaos (NYSE:DAC) Head-To-Head Comparison

Okeanis Eco Tankers (NYSE:ECO) and Danaos (NYSE:DAC) are both transportation companies, but which is the better business? We will contrast the two companies based on the strength of their earnings, institutional ownership, risk, analyst recommendations, dividends, valuation and profitability.

Dividends

Okeanis Eco Tankers pays an annual dividend of $3.00 per share and has a dividend yield of 7.4%. Danaos pays an annual dividend of $3.60 per share and has a dividend yield of 3.5%. Okeanis Eco Tankers pays out 125.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Danaos pays out 14.4% of its earnings in the form of a dividend. Danaos has increased its dividend for 3 consecutive years.

Analyst Ratings

This is a breakdown of current ratings and price targets for Okeanis Eco Tankers and Danaos, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Okeanis Eco Tankers	0	3	3	0	2.50
Danaos	0	0	2	0	3.00

Okeanis Eco Tankers presently has a consensus target price of $40.02, indicating a potential downside of 0.70%. Danaos has a consensus target price of $105.00, indicating a potential upside of 2.63%. Given Danaos’ stronger consensus rating and higher possible upside, analysts plainly believe Danaos is more favorable than Okeanis Eco Tankers.

Insider & Institutional Ownership

19.0% of Danaos shares are held by institutional investors. 41.0% of Danaos shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Okeanis Eco Tankers and Danaos”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Okeanis Eco Tankers	$393.23 million	N/A	$108.86 million	$2.39	16.86
Danaos	$1.01 billion	1.92	$505.07 million	$25.06	4.08

Danaos has higher revenue and earnings than Okeanis Eco Tankers. Danaos is trading at a lower price-to-earnings ratio than Okeanis Eco Tankers, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk

Okeanis Eco Tankers has a beta of 0.04, suggesting that its stock price is 96% less volatile than the S&P 500. Comparatively, Danaos has a beta of 1.08, suggesting that its stock price is 8% more volatile than the S&P 500.

Profitability

This table compares Okeanis Eco Tankers and Danaos’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Okeanis Eco Tankers	21.92%	18.05%	7.05%
Danaos	45.16%	13.49%	10.71%

Summary

Danaos beats Okeanis Eco Tankers on 12 of the 16 factors compared between the two stocks.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.

About Danaos

Danaos Corporation, together with its subsidiaries, provides container and drybulk vessels services in Australia, Asia, and Europe. The company offers seaborne transportation services by operating vessels in the containership and drybulk sectors of the shipping industry. As of April 03, 2024, it had a fleet of 68 containerships aggregating 421,293 twenty-foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.