Danaos Corp (DAC) is undervalued and Okeanis Eco Tankers Corp (ECO) is undervalued.
Against our estimates of intrinsic value, DAC trades at the wider discount: a margin of safety of +76%, against +52% for ECO.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $656.04; the price of $156.00 is 76% below that value, and 79% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 9.6% (average of 3 methods) values the shares at $162.27; the price of $77.54 is 52% below that value, and 74% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
| Metric | DAC | ECO |
|---|---|---|
| Verdict | Undervalued | Undervalued |
| Price | $156.00 | $77.54 |
| Intrinsic value | $656.04 | $162.27 |
| Margin of safety | +76% | +52% |
| Leak Score | 100/100 (3/12) | 100/100 (3/12) |
| Market cap | $2.8B | $3.0B |
| Revenue growth, 5 years | 17.7% | 6.7% |
| Operating margin | 48.4% | 62.3% |
| Net margin | 51.3% | 56.9% |
| Return on equity | 14.1% | 61.6% |
| Debt to equity | 0.30 | 0.82 |
| P/E | 5.3x | 7.2x |
| Forward P/E | 5.7x | 8.9x |
| P/B | 0.7x | 3.5x |
| Dividend yield | 2.3% | 20.3% |