| EC Stock | | | USD 11.69 0.04 0.34% |
This module uses fundamental data of Ecopetrol to approximate its Piotroski F score. Ecopetrol F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Ecopetrol SA ADR. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Ecopetrol financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out
Ecopetrol Altman Z Score,
Ecopetrol Correlation,
Ecopetrol Valuation, as well as analyze
Ecopetrol Alpha and Beta and
Ecopetrol Hype Analysis.
At present, Ecopetrol's
Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's
Long Term Debt is expected to grow to about 93.7
T, whereas
Short and Long Term Debt is forecasted to decline to about 7.7
T. At present, Ecopetrol's
PTB Ratio is projected to increase significantly based on the last few years of reporting. The current year's
Days Sales Outstanding is expected to grow to 121.67, whereas
Dividend Yield is forecasted to decline to 0.
At this time, it appears that Ecopetrol's Piotroski F Score is Strong. Although some professional money managers and academia have recently criticized
Piotroski F-Score model, we still consider it an effective method of
predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
7.0
Piotroski F Score - Strong
| Change in Return on Assets | |
| Cash Flow Return on Assets | |
| Current Quality of Earnings (accrual) | |
| Long Term Debt Over Assets Change | Higher Leverage| Focus | |
| Change In Outstending Shares | |
Ecopetrol Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to Ecopetrol is to make sure Ecopetrol is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Ecopetrol's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Ecopetrol's financial numbers are properly reported.
Ecopetrol SA ADR F Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical
financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Ecopetrol's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Ecopetrol in a much-optimized way.
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