Okeanis Eco Tankers Corp. (ECO) vs SFL Corporation Ltd. (SFL)

Okeanis Eco Tankers Corp. and SFL Corporation Ltd. are both Marine Shipping companies. Okeanis Eco Tankers Corp. is the larger, with a market value of $3.0B against $2.0B — 1.5× the size. Okeanis Eco Tankers Corp. trades at the lower P/E: 7.3× against 26.6×. Okeanis Eco Tankers Corp. grew revenue faster over the last twelve months: 105.2% against −15.6%. Okeanis Eco Tankers Corp. has the higher net margin (56.9% vs 8.76%) and the higher return on invested capital (20.3% vs 3.83%). Both pay a dividend; Okeanis Eco Tankers Corp. yields more (15.4% vs 8.19%). Across the 21 metrics below, Okeanis Eco Tankers Corp. leads on 16 and SFL Corporation Ltd. on 5.

Valuation

Metric ECO SFL Marine Shipping median
P/E 7.27 26.63 6.89
P/S 4.31 2.36 1.92
P/B 3.47 1.66 0.90
Price to free cash flow 72.08 3.78 4.62
EV/EBITDA 7.24 9.24 6.57
EV/Sales 4.98 5.47 2.73
Earnings yield 13.76% 3.76% 9.59%
Free cash flow yield 1.39% 26.49% 16.76%

Profitability

Metric ECO SFL Marine Shipping median
Gross margin 72.33% 61.42% 60.61%
Operating margin 62.34% 27.73% 27.74%
Net margin 56.92% 8.76% 25.21%
Free cash flow margin 5.97% 62.49% 17.29%
Return on equity 61.59% 6.25% 8.62%
Return on assets 29.44% 1.71% 5.35%
Return on invested capital 20.29% 3.83% 5.32%

Growth

Metric ECO SFL Marine Shipping median
Revenue growth (TTM) 105.24% (15.61%) 13.26%
EPS growth (last fiscal year) 11.54% (119.80%) —
Revenue growth, 5-year CAGR — 9.25% 11.77%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric ECO SFL Marine Shipping median
Debt to equity 0.82 2.30 0.52
Current ratio 4.43 0.38 1.63
Net debt to EBITDA 2.38 6.35 2.34

Dividend

Metric ECO SFL Marine Shipping median
Dividend yield 15.38% 8.19% 5.54%
Payout ratio — 1.02 0.13

Size

Metric ECO SFL Marine Shipping median
Market cap 2.97b 1.95b 420.73m

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