Okeanis Eco Tankers Corp (ECO) is undervalued and Zim Integrated Shipping Services Ltd (ZIM) is overvalued.
Against our estimates of intrinsic value, ECO trades at the wider discount: a margin of safety of +52%, against -39% for ZIM.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 7.5% (average of 3 methods) values the shares at $21.89; the price of $30.51 is 39% above that value, and 82% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | ECO | ZIM |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $77.54 | $30.51 |
| Intrinsic value | $162.27 | $21.89 |
| Margin of safety | +52% | -39% |
| Leak Score | 100/100 (3/12) | 0/100 (2/12) |
| Market cap | $3.0B | $3.7B |
| Revenue growth, 5 years | 6.7% | 11.6% |
| Operating margin | 62.3% | 5.7% |
| Net margin | 56.9% | 2.1% |
| Return on equity | 61.6% | 3.6% |
| Debt to equity | 0.82 | 1.37 |
| P/E | 7.2x | 26.6x |
| Forward P/E | 8.9x | — |
| P/B | 3.5x | 0.9x |
| Dividend yield | 20.3% | 7.8% |