$16.27−0.21 (−1.27%)
At close: Oct 1, 2026, 4:00 PM ET
Ecopetrol SA · Tenets
How EC measures up against value, income, timing, and long-hold tenets. Every criterion shows the live number and the pass rule. Always free.
The tenets below and the 0-100 Tenet Score on this report are two separate computations: each tenet runs its own criteria and its own pass rule, while the score is a percentile composite reported as one of four verdict words (Strong, Solid, Mixed or Weak).
1 / 17 qualify todayas of 2026-10-02 · computed nightly from our fundamentals DB; point-in-time auditable.
QUALIFIES
1
meet every gate today
BORDERLINE
8
within one input of the gate
FAILS
6
miss at least one gate
UNKNOWN
2
insufficient data to judge
passesfailsborderlineunknown
Value — six classic philosophies
Buffett Qualitydurable moat
~ BorderlinePassesROE ≥ 15%(fiscal 2022: files no quarterly statements)31.7% · ≥ 15.0%
PassesGross margin ≥ 40%(fiscal 2022: files no quarterly statements)44.0% · ≥ 40.0%
PassesNet margin ≥ 15%(fiscal 2022: files no quarterly statements)22.1% · ≥ 15.0%
FailsDebt/equity ≤ 0.5(fiscal 2022: files no quarterly statements)1.01 · ≤ 0.50
FailsGrowing FCF (multi-yr)(fiscal 2017 to 2022)−16.8% per year · > 0
Decided by the pass rule for Buffett Quality.The pass rule for Buffett Quality is what decides that verdict, and it is not restated here.Buffett Quality under The screens ›
Piotroski F-Scorefinancial strength
~ 7 / 9PassesReturn on assets positive(fiscal 2022)11.6% · > 0
PassesOperating cash flow positive(fiscal 2022)$4.4B · > 0
PassesReturn on assets improving(fiscal 2022)7.3% → 11.6%
FailsEarnings backed by cash (CFO > net income)(fiscal 2022)$4.4B vs $7.3B
PassesLeverage falling (long-term debt / assets)(fiscal 2022)35.4% → 30.7%
FailsCurrent ratio improving(fiscal 2022)1.71 → 1.36
PassesNo share dilution (≤ +2%)(fiscal 2022)+0.0%
PassesGross margin expanding(fiscal 2022)39.5% → 44.0%
PassesAsset turnover improving(fiscal 2022)0.38 → 0.53
Decided by the pass rule for Piotroski F-Score.The pass rule for Piotroski F-Score is what decides that verdict, and it is not restated here. These checks score 7 of 9.Piotroski F-Score under The screens ›
Munger Compoundershigh-ROIC quality
✕ FailsUnknown — no dataROIC ≥ 15%— · ≥ 15.0%
PassesNet debt/EBITDA ≤ 3×(fiscal 2022: files no quarterly statements)1.4× · ≤ 3.0×
FailsAltman Z ≥ 3 (safe zone)(fiscal 2022: files no quarterly statements)1.67 · ≥ 3.00
Decided by the pass rule for Munger Compounders.The pass rule for Munger Compounders is what decides that verdict, and it is not restated here. 1 of 3 carry no data.Munger Compounders under The screens ›
Magic FormulaROC + earnings yield (threshold check; full rank needs universe)
✓ QualifiesPassesEBIT > 0(fiscal 2022: files no quarterly statements)$12.5B · > 0
Unknown — no dataEarnings yield EBIT/EV ≥ 6%— · ≥ 6.0%
PassesReturn on capital ≥ 25%(fiscal 2022: files no quarterly statements)36.8% · ≥ 25.0%
Decided by the pass rule for Magic Formula.The pass rule for Magic Formula is what decides that verdict, and it is not published separately on the methodology page. 1 of 3 carry no data.About this screen ›
Graham Defensivemargin of safety
~ BorderlinePassesSize: market cap ≥ $2B$669.0B · ≥ $2.0B
FailsCurrent ratio ≥ 2(fiscal 2022: files no quarterly statements)1.36 · ≥ 2.00
FailsPositive EPS 8y7y
PassesPays a dividend$0.65 · > 0
PassesEPS growth ≥ 3%/yr(fiscal 2018 to 2022)29.1% per year · ≥ 3.0%
Unknown — no dataP/E ≤ 15— · ≤ 15.00
Unknown — no dataP/E × P/B ≤ 22.5— · ≤ 22.50
Decided by the pass rule for Graham Defensive.The pass rule for Graham Defensive is what decides that verdict, and it is not restated here. 2 of 7 carry no data.Graham Defensive under The screens ›
Lynch GARPgrowth at reasonable price (historical-CAGR basis)
— Insufficient inputs (1 of 2 known)Unknown — no dataPEG < 1 (hist. growth)— · < 1.00
PassesEPS growth 10–30%(fiscal 2018 to 2022)29.1% per year · 10.0%–30.0%
Verdict Unknown for this set.Verdict Unknown for this set. 1 of 2 checks below carry data.Lynch GARP under The screens ›
Income — dividend safety
Income & Dividend Safetycoverage over headline yield
✕ FailsPassesPays a dividend$0.65 · > 0
FailsYield in a healthy band (not a yield trap)10.1% · 1.0%–8.0%
FailsCovered by free cash flow0.92 · ≥ 1.20
PassesEarnings payout not stretched37.9% · ≤ 75.0%
PassesBalance sheet can sustain the payout1.4× · ≤ 4.0×
FailsAnnual dividend raised 10+ years running (Aristocrat ≥25, King ≥50)0.00 · ≥ 10.00
FailsNo dividend cut in the last 5 yearsLast cut 2025
Unknown — no data5-year dividend growth ≥ 5%/yr— · ≥ 5.0%
Decided by the pass rule for Income & Dividend Safety.The pass rule for Income & Dividend Safety is what decides that verdict, and it is not published separately on the methodology page. 1 of 8 carry no data.
Dividend Growthraises you can count on
✕ FailsPassesPays a dividend$0.65 · > 0
FailsAnnual dividend raised 10+ years running (Aristocrat ≥25, King ≥50)0.00 · ≥ 10.00
FailsNo dividend cut in the last 5 yearsLast cut 2025
Unknown — no data5-year dividend growth ≥ 5%/yr— · ≥ 5.0%
FailsCovered by free cash flow0.92 · ≥ 1.20
PassesPayout not stretched37.9% · ≤ 75.0%
Decided by the pass rule for Dividend Growth.The pass rule for Dividend Growth is what decides that verdict, and it is not restated here. 1 of 6 carry no data.Dividend Growth under The screens ›
Long Hold — quality compounders
Quality Compounderhigh returns, reinvested, few new shares
✕ FailsNot scored: see the reason belowReturn on invested capital ≥ 15% in 4+ of the last 5 yearsOnly 0 of the last 5 fiscal years have return-on-invested-capital on record in our data; 4 are needed to score this criterion, so it is left unscored rather than counted against.—
PassesRevenue compounding ≥ 8%/yr over 5 years11.7% per year · ≥ 8.0%
PassesNot diluting: diluted share count flat-to-down (≤ +1%/yr)0.0% · ≤ 1.0%
FailsFree cash flow margin ≥ 12%7.7% · ≥ 12.0%
FailsEarnings backed by cash (operating cash flow ≥ net income)0.60 · ≥ 1.00
Reading: does not hold. Not a gate checkDisciplined buybacks: actively reducing the share count (bonus)reading, not a gate check0.0%
Decided by the pass rule for Quality Compounder.The pass rule for Quality Compounder is what decides that verdict, and it is not restated here. 1 of 5 carry no data. Lines marked as readings are published beside the checks and are not gate checks.Quality Compounder under The screens ›
Timing — dip & swing receipts
Drawdown Contexta dip, not a collapse
~ BorderlinePassesOff its 52-week high by 8–35% (a dip, not a collapse)11.5% · 8.0%–35.0%
PassesDip within its own normal pullback band0.12
PassesNot past where its dips have historically recovered from1.13
PassesA dip in an uptrend (above a rising 200-day)14.34
FailsHigher-low structure still intactstructure broken · higher low
Unknown — no dataClear of the earnings blackout (more than 5 days out)— · > 5.00
Decided by the pass rule for Drawdown Context.The pass rule for Drawdown Context is what decides that verdict, and it is not published separately on the methodology page. 1 of 6 carry no data.
Reversal Evidencedaily close onlysigns the pullback is turning
✕ FailsFailsA bullish MACD cross within 10 sessions17.00 · ≤ 10.00
FailsReclaimed a rising 50-day EMA16.78
PassesPrinted a higher lowyes
FailsA volume thrust on the turn (≥ 1.2× normal)1.03 · ≥ 1.20
FailsReversal signals fired: 3 of 4 (MACD·MA·HL·Vol)1.00 · ≥ 3.00
Decided by the pass rule for Reversal Evidence.The pass rule for Reversal Evidence is what decides that verdict, and it is not published separately on the methodology page.
Not-a-Value-Trap Gatecheap for a good reason, not a broken one
— Insufficient inputs (1 of 3 known)Unknown — no dataIn the cheap half of its own 5-year valuation range—
FailsEarnings estimates not being cut−0.02
Unknown — no dataReturns on capital not deteriorating—
Verdict Unknown for this set.Verdict Unknown for this set. 1 of 3 checks below carry data. The pass rule for Not-a-Value-Trap Gate is not published separately on the methodology page.
Quality Floorpasses the quality/value gate on this dip
~ BorderlinePassesOperating profit is positive(fiscal 2022: files no quarterly statements)$12.5B · > 0
Unknown — no dataReturn on invested capital ≥ 10%— · ≥ 10.0%
FailsA solvent balance sheet (Altman Z ≥ 1.8, net debt/EBITDA ≤ 4)(fiscal 2022: files no quarterly statements)1.7×
PassesQuality score ≥ 5055.00 · ≥ 50.00
PassesRevenue growing over 5 years(fiscal 2017 to 2022)11.7% per year · > 0
Decided by the pass rule for Quality Floor.The pass rule for Quality Floor is what decides that verdict, and it is not published separately on the methodology page. 1 of 5 carry no data.
Qualified Dipa pullback with receipts, not a falling knife
~ BorderlineA research signal from published criteria, not a recommendation.
FailsDrawdown context11.5% off its 52-week high
FailsReversal evidence1 of 4 signals fired
Unknown — no dataTrap gate0 of 3 held · 2 no data
FailsQuality floor3 of 5 held · 1 no data
Invalidation level (structure break): below this the dip's structure has broken$16.50
Decided by the pass rule for Qualified Dip.The pass rule for Qualified Dip is what decides that verdict, and it is not restated here. 1 of 4 carry no data.Qualified Dip under The screens ›
Trend Alignmentprice in a confirmed uptrend
~ BorderlineFailsTrading above its 50-day average17.01
PassesTrading above its 200-day average14.34
Passes50-day average above the 200-day (uptrend stack)17.01
Passes50-day average sloping up0.05 · > 0
Decided by the pass rule for Trend Alignment.The pass rule for Trend Alignment is what decides that verdict, and it is not published separately on the methodology page.
Relative Strengthoutperforming, ranked vs the universe
~ BorderlinePasses3-month return in the top half of the universe0.82 · ≥ 0.50
Passes12-minus-1 momentum in the top half of the universe0.92 · ≥ 0.50
PassesRelative strength vs the S&P 500 improving0.00 · > 0
FailsEarnings estimates being revised up−0.02
Decided by the pass rule for Relative Strength.The pass rule for Relative Strength is what decides that verdict, and it is not published separately on the methodology page.
Momentum Triggera trigger you can see
✕ FailsFailsMACD above its signal line−0.19
FailsBack above the 50-day on a fresh cross (≤10 sessions)17.00
PassesHigher high and higher low (stair-stepping up)higher high · higher low
FailsA volume thrust on the move (≥ 1.2× normal)1.03 · ≥ 1.20
Decided by the pass rule for Momentum Trigger.The pass rule for Momentum Trigger is what decides that verdict, and it is not published separately on the methodology page.
Volatility Regimecontext, not a signal
Context, not scoredAverage daily swing: elevated0.03
Volatility band width: mid-range0.48
Distance from its 52-week high: a modest pullback0.11
✓
Every verdict is auditableEach criterion shows the live number and the pass rule side by side — a receipt, not a rating. Several of these screens publish their rule in full under The screens; each row links to its own section where there is one.
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Unknown ≠ failAn “— Unknown” verdict means the inputs were insufficient: context, not a signal, and never counted as a fail.
Computed from our fundamentals DB; historical-CAGR PEG basis for Lynch. Research, not investment advice. Tenet's rulesets are independently developed from publicly available sources, and Tenet is not affiliated with, sponsored by, endorsed by or otherwise associated with any referenced investor or trademark owner. Full notice. MAGIC FORMULA is a trademark of MagicFormulaInvesting.com LLC.