Quality
Return on equity
17.3% Computed
From the FY2024 filing
ValueScreener company report
Ecopetrol S.A. (EC)
NYSE / Energy / Oil & Gas Integrated
Share price
17.90 USD Market dataClose of Oct 14, 2026Market capitalisation
36.80B USD Market dataClose of Oct 14, 2026- Market data
- Oct 14, 2026
- Filed accounts
- FY2024, filed Apr 23, 2025
- Ratios computed
- Oct 14, 2026
- Filed years
- 10, FY2015 to FY2024
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
- SEC filingFiled with the SEC
- Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
- Company statementCompany statement
- What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
- Market dataMarket data
- Prices, market value and what analysts publish, with the date they are as of.
- ComputedComputed by ValueScreener
- Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading
1 of 10
Overview
What the business is, what it costs, and how it reads on four questions.
Market dataSEC filingComputed
Four questions, at a glance
Financial strength
Current ratio
1.53 Computed
From the FY2024 filing
Valuation
Price to earnings
8.44x Computed
FY2024 accounts, priced at the latest close
Cash generation
Free cash flow yield
30.5% Computed
FY2024 accounts, priced at the latest close
Revenue and net income, as filed
- Named tests met
- 2 of 30 Which tests
The business, and the score behind its five axes
The reading, in brief
- Is it cheap
Price to earnings is 8.44x at the close of 2026-10-14 on FY2024 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits below the lowest.
Today, against the Energy sector (163 companies), 8.44x sits at the 12th percentile; the middle half of that group runs from 12.30x to 29.29x.
- Is it good
Return on equity was 17.3% in FY2024, in the band labelled "Strong" (15.0% to 25.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting high returns on shareholders' money, which leverage can also produce.
Today, against the Energy sector (234 companies), 17.3% sits at the 82nd percentile; the middle half of that group runs from -3.6% to 14.9%.
- Is it safe
Interest coverage was 3.73x in FY2024, in the band labelled "Investment grade" (3.00x to 6.00x), on lines anchored on Damodaran's interest-coverage table.
- Year by year against peers
- Whether Ecopetrol S.A.'s return on equity stayed above the median of the Energy sector, year by year. (FY2016 to FY2024, 9 fiscal years of Ecopetrol S.A. with a comparable figure)
- The direction
- Which way Ecopetrol S.A.'s gross margin has moved, and how steadily. (FY2015 to FY2024, 10 filed years of Ecopetrol S.A.)
- What could explain it
- What in Ecopetrol S.A.'s filed statements could explain the movements. (4 readings drawn from the statement lines Ecopetrol S.A. filed)
- What to check next
- What to check next on Ecopetrol S.A., and where in its filings. (3 questions for Ecopetrol S.A.)
- In one paragraph
- One paragraph on Ecopetrol S.A.'s returns, cash, balance sheet and price. (11 of sixteen figures read for Ecopetrol S.A.)
These are EC’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.
Research ECPart of Serious. New accounts start with 30 days of Professional, free, no card.
2 of 10
What changed
The newest filing, what it moved, and when the next one is due.
SEC filingCompany statement
The newest accounts on file are the FY2024 annual report: 20-F, filed Apr 23, 2025, accession 0001410578-25-000839.
3 of 10
Quality
The returns the business earns on its capital, and the margins behind them.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
Return on invested capital, after taxWhy n/aThe debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | n/a ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Return on equity | 17.3% ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Return on capital employed, pre-tax | 14.9% ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Return on assets | 4.6% ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Gross margin | 35.1% ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Operating margin | 28.9% ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Net margin | 10.4% ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
EC 10.4%
-4.5%10.4%
4 of 10
Financial strength
What it owes against what it owns, and whether it can meet what falls due.
SEC filingComputedCompany statement
| Figure | Value, source and document |
|---|---|
Debt to equityWhy n/aThe debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | n/a ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Current ratio | 1.53 ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Quick ratio | 1.28 ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Interest coverage | 3.73x ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Altman Z-score | 1.38 ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
Net debtWhy n/aThe FY2024 balance sheet carries no net debt we could read. | n/a ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
The balance sheet, line by line
Financial health
What Ecopetrol S.A owned and owed at the end of fiscal 2024, from the balance sheet it filed (20-F, filed Apr 23, 2025, 0001410578-25-000839).
| Total assets | 298.24T FiledFY2024 20-F, filed Apr 23, 2025 |
|---|---|
| Total liabilities | 192.33T FiledFY2024 20-F, filed Apr 23, 2025 |
| Shareholders' equity | 79.85T FiledFY2024 20-F, filed Apr 23, 2025 |
| Cash | 14.05T FiledFY2024 20-F, filed Apr 23, 2025 |
| Total debt | n/a FiledFY2024 20-F, filed Apr 23, 2025 |
| Net debt | n/a |
| Current ratio | 1.53 |
| Debt to equity | n/a |
- Debt to equity: FY2024: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.
5 of 10
Valuation context
What the market charges for it, against its own record and companies like it.
Market dataSEC filingComputed
| Figure | Value, source and document |
|---|---|
| Price to earnings | 8.44x ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
P/E on trailing twelve monthsWhy n/aA trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer. | n/a ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings |
| Price to book | 1.46x ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Price to sales | 0.88x ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
Enterprise value to EBITWhy n/aThe debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | n/a ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
Enterprise value to EBITDAWhy n/aThe debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | n/a ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Price to earnings over growth | 60.71 ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
Diluted earnings per shareWhy n/aThe FY2024 filing carries no diluted earnings per share we could read. | n/a FiledFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
Graham numberWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
We publish no fair value or price target of our own. Value EC on your own assumptions in the DCF workbench, starting from the filed figures.
Its own record, and companies like it
Valuation
What the market charges for Ecopetrol S.A today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.
| Share price | 17.90 USD |
|---|---|
| Market capitalisation | 36.80B USD |
| Enterprise value to EBITDA | n/a |
| Graham number | n/a |
| Diluted earnings per share | n/a |
Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.
Companies like Ecopetrol S.A
- Cenovus Energy Inc. (CVE)Market cap 60.16B USD
- Imperial Oil Limited (IMO)Market cap 62.66B USD
- BP p.l.c. (BP)Market cap 128.00B USD
- Petróleo Brasileiro S.A. - Petrobras (PBR)Market cap 167.20B USD
- YPF Sociedad Anónima (YPF)Market cap 20.49B USD
Same industry (Oil & Gas Integrated) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.
6 of 10
Cash generation
Whether profit arrives as cash, and what is paid back to shareholders.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
| Free cash flow yield | 30.5% ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Free cash flow | 35.61T COP ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Free cash flow margin | 26.7% ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
Dividend yieldWhy n/aThe newest cash flow statement on file ended more than fifteen months ago, so it says nothing about today's yield. | n/a ComputedClose of Oct 14, 2026 · FY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Payout ratio | 112.5% ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
7 of 10
Filings
Every figure, the year it is for and the document it was read from.
SEC filing
The filed figures
Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.
| Figure | Value | Year | As of |
|---|---|---|---|
| 8.44x | FY2024 | Oct 14, 2026 | |
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itIncome statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| 1.46x | FY2024 | Oct 14, 2026 | |
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| n/a | FY2024 | Oct 14, 2026 | |
| n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | |||
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itIncome statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tabForm20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| 30.5% | FY2024 | Oct 14, 2026 | |
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itCash flow statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| n/a | FY2024 | Apr 23, 2025 | |
| n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | |||
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itIncome statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tabForm20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| n/a | FY2024 | Oct 14, 2026 | |
| n/a The newest cash flow statement on file ended more than fifteen months ago, so it says nothing about today's yield. | |||
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itCash flow statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| n/a | FY2024 | Apr 23, 2025 | |
| n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one. | |||
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| 1.53 | FY2024 | Apr 23, 2025 | |
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| 0.88x | FY2024 | Oct 14, 2026 | |
FormulaMarket capitalisation / revenue As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itIncome statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| 60.71 | FY2024 | Oct 14, 2026 | |
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itIncome statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| 1.38 | FY2024 | Oct 14, 2026 | |
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itIncome statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tabForm20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| -2.89 | FY2024 | Apr 23, 2025 | |
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itIncome statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tabForm20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tabForm20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itCash flow statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
| 3/9 | FY2024 | Apr 23, 2025 | |
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itIncome statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tabForm20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tabForm20-FFiledApr 23, 2025PeriodFY2024Accession0001410578-25-000839What we read from itCash flow statementFY2024Open on SEC.gov, accession 0001410578-25-000839, leaves this page and opens in a new tab | |||
The figures are computed from the accounts for fiscal 2024, the newest full year on file. 10 filed fiscal years on record, FY2015 to FY2024, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.
The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.
Ten years of filed figures, year by year
Ten years of filed figures
10 filed fiscal years, FY2015 to FY2024, read from the annual reports Ecopetrol S.A filed with the SEC. Each year names its filing. Amounts in COP, as filed.
| Year | Revenue | Operating income | Net income | EPS, diluted | Free cash flow | Operating margin | Return on equity | Filing |
|---|---|---|---|---|---|---|---|---|
| FY2024 | 133.33T | 38.46T | 13.84T | n/a | 35.61T | 28.9% | 17.3% | 20-F, Apr 23, 20250001410578-25-000839 |
| FY2023 | 143.19T | 41.76T | 21.06T | n/a | 10.45T | 29.2% | 27.8% | 20-F, Apr 18, 20240001410578-24-000515 |
| FY2022 | 159.61T | 60.23T | 31.60T | n/a | 27.47T | 37.7% | 36.7% | 20-F, Mar 29, 20230001410578-23-000400 |
| FY2021 | 91.88T | 29.70T | 15.65T | n/a | 16.42T | 32.3% | 22.9% | 20-F, Apr 26, 20220001410578-22-001007 |
| FY2020 | 50.22T | 7.18T | 1.59T | n/a | 4.15T | 14.3% | 3.2% | 20-F, Apr 9, 20210001104659-21-048256 |
| FY2019 | 71.49T | 21.03T | 13.74T | n/a | 23.70T | 29.4% | 25.3% | 20-F, Apr 1, 20200001104659-20-041416 |
| FY2018 | 68.60T | 22.46T | 11.38T | n/a | 19.17T | 32.7% | 20.6% | 20-F, Apr 5, 20190001144204-19-018453 |
| FY2017 | 55.95T | 16.17T | 7.18T | n/a | 14.61T | 28.9% | 15.5% | 20-F, Apr 26, 20180001144204-18-022451 |
| FY2016 | 48.49T | 8.90T | 2.45T | n/a | 10.59T | 18.4% | 5.8% | 20-F, Apr 26, 20180001144204-18-022451 |
| FY2015 | 52.35T | 2.13T | -7.19T | n/a | 3.13T | 4.1% | n/a | 20-F, Apr 26, 20180001144204-18-022451 |
- Revenue, compound annual growth FY2015 to FY2024: 10.9%
- Earnings: Earnings was not positive in both 2015 and 2024, so a compound rate across the window is not defined. Both figures are in the table.
- Earnings per share: Fewer than two filed years carry earnings per share.
- Free cash flow, compound annual growth FY2015 to FY2024: 31.0%
Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.
8 of 10
Risks and guardrails
The accounting screens, the published tests, and the lines you can set to be told.
ComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Beneish M-score | -2.89 ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Piotroski F-score | 3/9 ComputedFY2024 20-F, filed Apr 23, 2025, 0001410578-25-000839 |
| Named tests met | 2 of 30 Computed |
| Beta | -0.03 ComputedClose of Oct 14, 2026 |
The named tests
Of 30 tests value investors published: 2 met, 19 not met, 9 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.
Which tests, by name(all 30)
- Meets
- Cash-covered dividend; Cheapest quarter on P/E (David Dreman)
- Does not
- Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
- Not measured
- Earnings yield and ROIC (Joel Greenblatt); High returns and growth; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; P/E times P/B (Benjamin Graham); High returns, low debt; Cash-flow yield and ROIC; Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(10)
- Debt to Equity: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
- Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
- EV/EBIT: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
- Return on Invested Capital: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
- Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
- EV/EBITDA: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
- Dividend Yield: The newest cash flow statement on file ended more than fifteen months ago, so it says nothing about today's yield.
- Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
- ROIC-WACC Spread: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
- Price To Graham: We do not hold this figure for this company, so there is nothing to show.
9 of 10
Declared positions
Whether anybody here owns this company.
Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.
10 of 10
Next step
What to do with what you have read.
A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.
What this cannot tell you
- 10 figures could not be read on this company, among them Debt to Equity, Positive Earnings Streak, EV/EBIT. Each blank in the table above names the rest, with its reason. 9 named tests come back incomplete because of them, which is neither met nor missed.
And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.
Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.
No card. 30 free days, and nothing is charged unless you choose a plan.
ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.