Ecopetrol S.A. American Depositary Shares
Find Ratings ReportsECOPETROL SA's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. ECOPETROL SA has weak liquidity. Currently, the Quick Ratio is 0.97 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 8.52% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 9236.22 | 7735.49 |
EBITDA ($mil) | 3879.66 | 3486.33 |
EBIT ($mil) | 2955.61 | 2918.65 |
Net Income ($mil) | 1330.76 | 1686.87 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3095.59 | 2906.76 |
Total Assets ($mil) | 70505.47 | 61538.7 |
Total Debt ($mil) | 27123.83 | 23417.29 |
Equity ($mil) | 19310.42 | 17793.42 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 50.88 | 50.24 |
EBITDA Margin | 42.0 | 45.06 |
Operating Margin | 32.0 | 37.73 |
Sales Turnover | 0.48 | 0.53 |
Return on Assets | 6.26 | 11.09 |
Return on Equity | 22.87 | 38.37 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 1.43 | 1.32 |
Debt/Capital | 0.58 | 0.57 |
Interest Expense | 513.21 | 290.31 |
Interest Coverage | 5.76 | 10.05 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 2055.84 | 2055.84 |
Div / share | 0.97 | 0.0 |
EPS | 0.64 | 0.82 |
Book value / share | 9.39 | 8.66 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1970070.0 | 2389194.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 10.01 for the Petroleum and Coal Products Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.15 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.64. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ECOPETROL SA proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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EC 5.03 | Peers 10.01 | EC 5.04 | Peers 5.47 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. EC is trading at a significant discount to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. EC is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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EC 6.30 | Peers 8.27 | EC NM | Peers 0.43 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. EC is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. EC's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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EC 1.15 | Peers 1.64 | EC -35.55 | Peers 15.45 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. EC is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, EC is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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EC 0.66 | Peers 0.92 | EC 2.44 | Peers -15.88 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. EC is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. EC has a sales growth rate that significantly exceeds its peers. |
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