Valuation Ecopetrol S.A.

Equities

ECOPETROL

COC04PA00016

Oil & Gas Exploration and Production

End-of-day quote Bolsa De Valores De Colombia Other stock markets 13/03/2026			5-day change	1st Jan Change
2,555.00 ^COP	-0.58%		+5.36%	+36.63%

14/03	Colombia says Venezuela's PDVSA plans to end pipeline contract with Ecopetrol	RE
12/03	Ecopetrol President Ricardo Roa Indicted for Alleged Influence Peddling	MT

Company Valuation: Ecopetrol S.A.

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	11,06,03,909	9,95,02,401	9,62,13,066	6,88,70,464	7,68,88,219	10,50,53,155	-	-
Change	-	-10.04%	-3.31%	-28.42%	11.64%	36.63%	-	-
Enterprise Value (EV) ¹	18,94,87,781	19,80,74,055	18,78,31,550	17,39,29,477	17,35,56,219	20,05,32,465	19,67,06,297	17,67,26,034
Change	-	4.53%	-5.17%	-7.4%	-0.21%	15.54%	-1.91%	-10.16%
P/E ratio	6.63x	3.15x	4.57x	4.61x	-	8.57x	8.08x	-
PBR	1.54x	1.15x	1.23x	0.82x	-	1.23x	1.17x	-
PEG	-	0x	-0.1x	-0.2x	-	-	1.32x	-
Capitalization / Revenue	1.21x	0.62x	0.67x	0.52x	0.64x	0.9x	0.93x	0.91x
EV / Revenue	2.07x	1.24x	1.31x	1.3x	1.45x	1.71x	1.73x	1.53x
EV / EBITDA	4.52x	2.63x	3.09x	3.21x	3.72x	4.49x	4.38x	4.16x
EV / EBIT	6.4x	3.28x	4.29x	4.63x	6.51x	7.22x	7.05x	6.62x
EV / FCF	19.6x	12.8x	-53.5x	6.94x	14.6x	16.5x	14x	-237x
FCF Yield	5.11%	7.83%	-1.87%	14.4%	6.86%	6.06%	7.13%	-0.42%
Dividend per Share ²	243	487	-	-	-	130.1	142.2	-
Rate of return	9.03%	20.1%	-	-	-	5.09%	5.57%	-
EPS ²	406	768.7	512.2	363.2	-	298.1	316.3	-
Distribution rate	59.9%	63.4%	-	-	-	43.6%	44.9%	-
Net sales ¹	9,17,44,000	15,94,74,000	14,30,79,000	13,33,28,000	11,96,94,000	11,73,52,422	11,35,47,108	11,57,34,467
EBITDA ¹	4,19,67,000	7,52,44,000	6,07,18,000	5,41,43,000	4,66,76,000	4,46,45,729	4,49,17,395	4,24,68,915
EBIT ¹	2,95,94,000	6,03,81,000	4,37,46,000	3,75,93,000	2,66,56,000	2,77,60,576	2,79,20,562	2,67,02,688
Net income ¹	1,66,95,000	3,34,06,000	1,90,62,000	1,49,35,000	90,29,000	98,97,356	1,07,11,493	1,17,38,496
Net Debt ¹	7,88,83,872	9,85,71,654	9,16,18,484	10,50,59,013	9,66,68,000	9,54,79,310	9,16,53,142	7,16,72,879
Reference price ²	2,690.00	2,420.00	2,340.00	1,675.00	1,870.00	2,555.00	2,555.00	2,555.00
Nbr of stocks (in thousands)	4,11,16,695	4,11,16,695	4,11,16,695	4,11,16,695	4,11,16,695	4,11,16,695	-	-
Announcement Date	01/03/22	28/02/23	29/02/24	04/03/25	05/03/26	-	-	-

¹COP in Million²COP

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ECOPETROL S.A.	8.57x	1.71x	4.49x	5.09%	2.83TCr
CNOOC LIMITED	9.58x	3.01x	4.83x	4.67%	19TCr
CONOCOPHILLIPS	26.69x	2.9x	7.07x	2.79%	15TCr
CANADIAN NATURAL RESOURCES LIMITED	19.65x	4.06x	8.81x	3.53%	10TCr
EOG RESOURCES, INC.	13.59x	3.39x	6.2x	3.07%	7.17TCr
OCCIDENTAL PETROLEUM CORPORATION	28.72x	3.12x	6.07x	1.77%	5.71TCr
DIAMONDBACK ENERGY, INC.	17.94x	4.61x	6.67x	2.28%	5.13TCr
WOODSIDE ENERGY GROUP LTD	22.06x	4.13x	5.96x	4.07%	4.13TCr
EQT CORPORATION	13.58x	4.54x	6.56x	1.03%	4.02TCr
TEXAS PACIFIC LAND CORPORATION	64.3x	-	-	0.45%	3.66TCr
Average	22.47x	3.50x	6.30x	2.88%	7.64TCr
Weighted average by Cap.	20.08x	3.39x	6.35x	3.22%