Okeanis Eco Tankers Corp. (ECO) vs Matson, Inc. (MATX)

Okeanis Eco Tankers Corp. and Matson, Inc. are both Marine Shipping companies. Matson, Inc. is the larger, with a market value of $6.7B against $3.0B — 2.3× the size. Okeanis Eco Tankers Corp. trades at the lower P/E: 7.3× against 14.9×. Okeanis Eco Tankers Corp. grew revenue faster over the last twelve months: 105.2% against −0.16%. Okeanis Eco Tankers Corp. has the higher net margin (56.9% vs 13.4%) and the higher return on invested capital (20.3% vs 11.0%). Both pay a dividend; Okeanis Eco Tankers Corp. yields more (15.4% vs 1.33%). Across the 21 metrics below, Okeanis Eco Tankers Corp. leads on 14 and Matson, Inc. on 7.

Valuation

Metric ECO MATX Marine Shipping median
P/E 7.27 14.89 6.89
P/S 4.31 1.95 1.92
P/B 3.47 2.44 0.90
Price to free cash flow 72.08 57.07 4.62
EV/EBITDA 7.24 8.41 6.57
EV/Sales 4.98 2.02 2.73
Earnings yield 13.76% 6.72% 9.59%
Free cash flow yield 1.39% 1.75% 16.76%

Profitability

Metric ECO MATX Marine Shipping median
Gross margin 72.33% 23.02% 60.61%
Operating margin 62.34% 15.18% 27.74%
Net margin 56.92% 13.41% 25.21%
Free cash flow margin 5.97% 3.45% 17.29%
Return on equity 61.59% 17.21% 8.62%
Return on assets 29.44% 10.09% 5.35%
Return on invested capital 20.29% 10.99% 5.32%

Growth

Metric ECO MATX Marine Shipping median
Revenue growth (TTM) 105.24% (0.16%) 13.26%
EPS growth (last fiscal year) 11.54% (0.86%) —
Revenue growth, 5-year CAGR — 7.01% 11.77%
Net income growth, 5-year CAGR — 18.16% 0.00%

Health

Metric ECO MATX Marine Shipping median
Debt to equity 0.82 0.12 0.52
Current ratio 4.43 0.89 1.63
Net debt to EBITDA 2.38 0.26 2.34

Dividend

Metric ECO MATX Marine Shipping median
Dividend yield 15.38% 1.33% 5.54%
Payout ratio — 0.10 0.13

Size

Metric ECO MATX Marine Shipping median
Market cap 2.97b 6.70b 420.73m

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