Stock fact sheet · data as of
ECA Marcellus Trust I (ECTM): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Integrated · United States · High Yield Income
Is ECTM undervalued?
At 0.5100 (close of 16 Oct 2026), ECTM trades 98% below the GLS average fair value of 28.28. That average comes from 7 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns ECA Marcellus Trust I the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between GLS Growth (0.4312) and DCF (189.23). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files ECTM under High Yield Income: a dividend yield above 4%.
Nine valuation models for ECTM
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 189.23 | +37004% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 1.52 | +199% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 2.38 | +366% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.5892 | +16% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 0.4312 | -15% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 2.16 | +324% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 1.64 | +221% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 0.2009 | -61% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
ECA Marcellus Trust I scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 4.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are high - ROIC 17.7%, ROE 17.7%, ROA 16.9% - with debt at 0.00 times equity and negative free cash flow.
The dividend yield is high at 28.82% (payout ratio 0%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual.
Institutional ownership scores 3/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 17.7% |
|---|---|---|---|
| GLS Moat | 4.7 / 10 | ROE | 17.7% |
| Debt / equity | 0.00 | ROA | 16.9% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 3 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
No options are listed on ECA Marcellus Trust I in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 4k shares a day on a market cap of $9M, with a beta of 0.25 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 98% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 7 / 15 | moat 4.7/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 4k shares/day, $9M cap, beta 0.25 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for ECTM in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Integrated
The 12 companies below are the closest to ECA Marcellus Trust I by market cap within the Oil & Gas Integrated industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| SKYQ Sky Quarry Inc. | 2.26 | - | - | 27No options | $11M |
| SLNG Stabilis Solutions, Inc. | 4.83 | 13.33 | +64% | 39No options | $90M |
| TGS Transportadora de Gas del Sur S.A. | 26.01 | 10,358.99 | +100% | 76Good | $3.9B |
| NFG National Fuel Gas Company | 78.38 | 65.86 | -19% | 65Good | $7.4B |
| YPF YPF Sociedad Anónima | 52.25 | 1,397,751.10 | +100% | 45Weak | $20.5B |
| EC Ecopetrol S.A. | 17.70 | 22,902.35 | +100% | 86Prime | $36.4B |
| CVE Cenovus Energy Inc. | 31.97 | 39.13 | +18% | 76Good | $59.0B |
| IMO Imperial Oil Limited | 129.59 | 112.69 | -15% | 65Good | $62.7B |
| E Eni S.p.A. | 57.44 | 49.74 | -15% | 60Fair | $83.8B |
| SU Suncor Energy Inc. | 75.89 | 92.02 | +18% | 83Prime | $89.6B |
| EQNR Equinor ASA | 44.92 | 81.52 | +45% | 88Prime | $107.4B |
| BP BP p.l.c. | 48.44 | 69.46 | +30% | 89Prime | $127.0B |
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Start free See the Sunday ScanQuestions about ECTM
Is ECTM undervalued right now?
By the GLS models, yes: at 0.5100 the stock is 98% below the average fair value of 28.28 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of ECTM and what does it mean?
ECTM has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for ECTM?
28.28 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does ECA Marcellus Trust I report earnings next?
No upcoming earnings date is recorded for ECTM in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does ECTM have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on ECTM, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.