Market Cap : 64.9 B | Enterprise Value : 69.51 B | PE Ratio : 11.35 | PB Ratio : 2.91 |
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Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
EOG Resources has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for EOG Resources's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of EOG Resources was 9. The lowest was 2. And the median was 6.
The historical data trend for EOG Resources's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas E&P subindustry, EOG Resources's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, EOG Resources's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where EOG Resources's Piotroski F-Score falls into.
How is the Piotroski F-Score calculated?
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Jun22) TTM: | Last Year (Jun21) TTM: |
Net Income was 1095 + 1985 + 390 + 2238 = $5,708 Mil. Cash Flow from Operations was 2196 + 3166 + 828 + 2048 = $8,238 Mil. Revenue was 5231 + 5908 + 6755 + 8645 = $26,539 Mil. Gross Profit was 3889 + 4526 + 5218 + 7258 = $20,891 Mil. Average Total Assets from the begining of this year (Jun21) to the end of this year (Jun22) was (36885 + 37172 + 38236 + 38097 + 38139) / 5 = $37705.8 Mil. Total Assets at the begining of this year (Jun21) was $36,885 Mil. Long-Term Debt & Capital Lease Obligation was $3,809 Mil. Total Current Assets was $8,153 Mil. Total Current Liabilities was $5,768 Mil. |
Net Income was -42 + 337 + 677 + 907 = $1,879 Mil. Revenue was 2303 + 2885 + 4038 + 4492 = $13,718 Mil. Gross Profit was 1138 + 1635 + 2527 + 3180 = $8,480 Mil. Average Total Assets from the begining of last year (Jun20) to the end of last year (Jun21) was (35221.671 + 35074.018 + 35805 + 36171 + 36885) / 5 = $35831.3378 Mil. Total Assets at the begining of last year (Jun20) was $35,222 Mil. Long-Term Debt & Capital Lease Obligation was $5,086 Mil. Total Current Assets was $6,935 Mil. Total Current Liabilities was $4,002 Mil. |
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
EOG Resources's current Net Income (TTM) was 5,708.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
EOG Resources's current Cash Flow from Operations (TTM) was 8,238.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Score 1 if it's higher, 0 if it's lower.
ROA (This Year) | = | Net Income | / | Total Assets (Jun21) |
= | 5708 | / | 36885 | |
= | 0.15475125 |
ROA (Last Year) | = | Net Income | / | Total Assets (Jun20) |
= | 1879 | / | 35221.671 | |
= | 0.05334784 |
EOG Resources's return on assets of this year was 0.15475125. EOG Resources's return on assets of last year was 0.05334784.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Score 1 if CFROA > ROA, 0 if CFROA <= ROA.
EOG Resources's current Net Income (TTM) was 5,708. EOG Resources's current Cash Flow from Operations (TTM) was 8,238.
==> 8,238 > 5,708 ==> CFROA > ROA ==> Score 1.
Funding
Question 5. Change in Gearing or Leverage
Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.
Score 0 if this year's gearing is higher, 1 otherwise.
Gearing (This Year: Jun22) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jun21 to Jun22 |
= | 3809 | / | 37705.8 | |
= | 0.10101894 |
Gearing (Last Year: Jun21) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jun20 to Jun21 |
= | 5086 | / | 35831.3378 | |
= | 0.14194279 |
EOG Resources's gearing of this year was 0.10101894. EOG Resources's gearing of last year was 0.14194279.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Current Ratio (This Year: Jun22) | = | Total Current Assets | / | Total Current Liabilities |
= | 8153 | / | 5768 | |
= | 1.41348821 |
Current Ratio (Last Year: Jun21) | = | Total Current Assets | / | Total Current Liabilities |
= | 6935 | / | 4002 | |
= | 1.73288356 |
EOG Resources's current ratio of this year was 1.41348821. EOG Resources's current ratio of last year was 1.73288356.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
EOG Resources's number of shares in issue this year was 588. EOG Resources's number of shares in issue last year was 584.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Gross Margin (This Year: TTM) | = | Gross Profit | / | Revenue |
= | 20891 | / | 26539 | |
= | 0.78718113 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 8480 | / | 13718 | |
= | 0.61816591 |
EOG Resources's gross margin of this year was 0.78718113. EOG Resources's gross margin of last year was 0.61816591.
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Asset Turnover (This Year) | = | Revenue | / | Total Assets at the Beginning of This Year (Jun21) |
= | 26539 | / | 36885 | |
= | 0.71950657 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Jun20) |
= | 13718 | / | 35221.671 | |
= | 0.38947613 |
EOG Resources's asset turnover of this year was 0.71950657. EOG Resources's asset turnover of last year was 0.38947613.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score | = | Que. 1 | + | Que. 2 | + | Que. 3 | + | Que. 4 | + | Que. 5 | + | Que. 6 | + | Que. 7 | + | Que. 8 | + | Que. 9 |
= | 1 | + | 1 | + | 1 | + | 1 | + | 1 | + | 0 | + | 0 | + | 1 | + | 1 | |
= | 7 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
EOG Resources has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Thank you for viewing the detailed overview of EOG Resources's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Leitzell Jeffrey R. | officer: EVP Exploration and Production | 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002 |
Kerr Michael T. | director | 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002 |
Robertson Julie J | director | 13135 S DAIRY ASHFORD STE 800 SUGAR LAND TX 77478 |
Boedeker Kenneth W. | officer: EVP Exploration and Production | 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002 |
Yacob Ezra Y | officer: EVP Exploration and Production | 1111 BAGBY SKY LOBBY 2 HOUSTON TX 77002 |
Gaut C Christopher | director | 1401 MCKINNEY STREET SUITE 2400 HOUSTON TX 77010 |
Daniels Robert P | director | EOG RESOURCES, INC 1111 BAGBY STREET, SKY LOBBY 2 HOUSTON TX 77002 |
Clark Janet F | director | |
Trice David W | officer: EVP, Exploration & Production | 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002 |
Helms Lloyd W Jr | officer: EVP, Operations | 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002 |
Donaldson Michael P | officer: VP, General Counsel & Corp Sec | 1111 BAGBY STREET SKY LOBBY 2 HOUSTON TX 77002 |
Thomas William R. | officer: Sr. Executive VP, Exploitation | 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002 |
Janssen Ann D. | officer: VP, Accounting | 1111 BAGBY, SKY LOBBY 2 HOUSTON TX 77002 |
Day James C | director | CIRCLE ?D? 2277 PLAZA DRIVE, SUITE 630 SUGAR LAND TX 77479 |
Plaeger Frederick J. Ii | officer: Senior VP & General Counsel | P.O. BOX 4362 HOUSTON TX 77210-4362 |
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