GeoPark Ltd

GPRK

GeoPark Limited operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, drilling, and production of oil and natural gas reserves. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in May 2009.

About the company

Country: ColombiaPrice: $9.42Market Cap: $1.0B

Investment snapshot

18%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

4 / 9

NEUTRAL / FAIL

Median fair value

$19.61

+108.1% vs price

Models with upside

6 / 17

Positive margin of safety

Strongest signal

GPRK undervalued: all 6 models price fair value above $9.42 (median $19.61)

Key risk

No clean pass — all 12 investors flag at least one debt & leverage criterion

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	FAIL	PASS	FAIL	FAIL · Rank #996 (Top 32.2%)	FAIL	PASS	PASS	NEUTRAL	FAIL	NEUTRAL	FAIL	FAIL	FAIL	NEUTRAL	FAIL	FAIL	NEUTRAL
Score
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Intrinsic Value (annual)		N/A	N/A		N/A		N/A	N/A			N/A		N/A	N/A	N/A	N/A	N/A
Margin of Safety	+6.5%	N/A	N/A	+71.8%	N/A	+59.9%	N/A	N/A	+81.6%	+2.1%	N/A	+40.0%	N/A	N/A	N/A	N/A	N/A
Financial Basis	Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 · Market data at 2026-11-01 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 · Market data at 2026-11-01 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-03-31 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-03-31 Score computed: 2026-11-14

Where It Passes

Valuation models100% pass✓ 6▾
GPRK undervalued: all 6 models price fair value above $9.42 (median $19.61)
Graham fair value$10.08
✓Graham+6.5% margin vs $9.42
Greenblatt fair value$33.36
✓Greenblatt+71.8% margin vs $9.42
Dreman fair value$23.50
✓Dreman+59.9% margin vs $9.42
Akre fair value$51.21
✓Akre+81.6% margin vs $9.42
Marks fair value$9.62
✓Marks+2.1% margin vs $9.42
Templeton fair value$15.71
✓Templeton+40.0% margin vs $9.42

Where It Falls Short

Debt & Leverage0% pass✓ 2✗ 13▾
No clean pass — all 12 investors flag at least one debt & leverage criterion
LT Debt vs Net Current AssetsLT Debt $535.1M vs NCA $82.5M
✗GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest CoverageD/E: 2.25, IC: 1.4x
✗BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / Equity2.25
✗Lynch< 0.33
Cash - Long-term Debt$-434.8M
✗LynchPositive preferred
LT Debt / Total Assets Change41.00% -> 51.43%
✗PiotroskiDecreased YoY
Current Assets / Current Liabilities1.60
✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity2.25
✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
Debt Levels2.25
✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDAIC=1.4x, D/EBITDA=N/A (D&A unavailable)
✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity2.25
✗Ackman<= 1.0
Negative debt-to-equity (higher means less debt)-2.2520; #3835/4210 (top 91.1%)
✗AsnessTop 30% of eligible cross-section
Growth13% pass✓ 2✗ 11▾
7 of 8 flag GPRK's growth — Graham, Lynch, Dreman +4 more
EPS Growth (3-yr avg, 10-yr window)N/A (negative base EPS)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)P/E 9.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR-1.0%
✗Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthInv: 17.1% vs Rev: -25.5%
✗LynchInventory growth < Revenue growth
EPS Growth Direction$-4.05 (2015) -> $0.95 (2025)
✓DremanPositive over recent years
EPS CAGR-2.2% CAGR over 7 years
✗Dreman> 5% annualized
Positive Net Income Frequency7/11 years positive
✓MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth-25.5%
✗Ackman>= 5%
Positive EPS Growth Frequency2/5 years with positive EPS growth
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR-1.0% CAGR over 4 years
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trendrevenue flat/down, operating margin 35.8% -> 22.4%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR4.6%
✗SleepCAGR > 7%
3-5 Year Diluted EPS CAGR-1.0% over 4 years
✗Neff7%-20% annualized
Valuation23% pass✓ 10✗ 18▾
10 of 13 flag GPRK's valuation — Graham, Lynch, Greenblatt +7 more
Net income / market capitalization+4.92%; #1710/6340 (top 27.0%)
✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Price / 3-yr avg EPS6.0x
✓Graham<= 15x
Price-to-Book Ratio2.0x
✗Graham<= 1.5x
P/E x P/B11.90
✓Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)P/E 9.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise Value7.6%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=7.6%, ROC=14.2%
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS9.9x
✓Dreman< 12x✓Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)33.1x
✗Dreman< 8x
Price / Book Value per Share2.0x
✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
Valuation ReasonablenessP/E=9.9x
✓MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldP/E=9.9x, FCF Yield=-8.3%
✓PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical AverageP/E=9.9x, P/B=2.0x
✓MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic Value59.9% (IV=$23.50 vs Price=$9.42)
✓Marks>= 20% below intrinsic value
Price / FCF per ShareN/A (negative FCF)
✗Ackman<= 25
Price vs. Trailing Low150% of trailing low ($6.28)
✗Templeton<= 120% of trailing low (certified split-adjusted live window)
Positive book equity / market capitalization+0.2437; #3955/6449 (top 61.3%)
✗AsnessTop 30% of eligible cross-section
Price / Diluted EPS9.9x
✓NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E0.40
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per Share1.98x
✗SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change
✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+0.4884; #2654/5247 (top 50.6%)
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization-8.29%; #3162/4519 (top 70.0%)
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date+0.21%; #2662/6202 (top 42.9%)
✗OshaughnessyTop 10% of eligible cross-section
Verdicts23% pass✓ 3✗ 10▾
Split decision: 9 FAIL · 4 NEUTRAL · 3 PASS
Overall verdict
✗GrahamFAIL (3/9)✓BuffettPASS (4/9)✗LynchFAIL (1/7)✗GreenblattRank #996✗PiotroskiFAIL (F-Score 3)✓DremanPASS (6/11)✓MungerPASS (2/4)•PabraiNEUTRAL (2/3)✗AkreFAIL (1/6)•MarksNEUTRAL (4/5)✗AckmanFAIL (3/9)✗TempletonFAIL (3/8)✗SleepFAIL (2/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (3/6)✗SchlossFAIL (3/7)•OshaughnessyNEUTRAL (Not ranked)
Cash Flow30% pass✓ 4✗ 8▾
7 of 10 flag GPRK's cash flow — Buffett, Lynch, Piotroski +4 more
Free Cash Flow Proxy
✗BuffettPositive and growing
FCF Positive and Growing$-83.7M
✗LynchPositive and growing
Operating Cash Flow$14.7M
✓PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=1.41%, ROA=4.77%
✗PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)33.1x
✗Dreman< 8x
P/E or FCF YieldP/E=9.9x, FCF Yield=-8.3%
✓PabraiP/E < 15 or FCF Yield > 10%
FCF Positive9/11 years FCF positive
✓MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap-17.2%
✗Ackman>= 4%
Price / FCF per ShareN/A (negative FCF)
✗Ackman<= 25
Positive Operating Cash Flow frequency11/11 years positive
✓SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$-83.7M
✗Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization-8.29%; #3162/4519 (top 70.0%)
✗OshaughnessyTop 10% of eligible cross-section
Profitability38% pass✓ 15✗ 20▾
10 of 16 flag GPRK's profitability — Graham, Buffett, Lynch +7 more
Net income / market capitalization+4.92%; #1710/6340 (top 27.0%)
✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive EPS (10 years)7/12 years positive
✗GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)N/A (negative base EPS)
✗Graham>= 33% growth
Net Income Positive (10+ years)7/12 years positive
✗BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)73.7%
✓Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)22.4% (latest)
✓BuffettStable or rising over 10 years
Free Cash Flow Proxy
✗BuffettPositive and growing
Earnings Variance (10-yr CoV)10.57
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)P/E 9.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR-1.0%
✗Lynch15-30% (Fast Grower); > 0% to pass
ROE20.2%
✓Lynch> 15%
EBIT / Enterprise Value7.6%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=7.6%, ROC=14.2%
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets4.77%
✓PiotroskiROA > 0
ROA Change YoY8.03% -> 4.77% (delta: -3.26%)
✗PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=1.41%, ROA=4.77%
✗PiotroskiCFO/Assets > ROA
Gross Margin Change YoY
✗PiotroskiImproved YoY
Pre-Tax Income / Revenue9.9%
✓Dreman>= 8%
Net Income / Shareholders' Equity20.2%
✓Dreman> 12%
Margin of SafetyP/E=9.9x, P/B=2.0x
✓PabraiP/B < 1.5 or P/E < 15
Return on Equity43.6% (3-yr avg)
✓AkreROE > 20% (3-year avg)
Discount to Intrinsic Value59.9% (IV=$23.50 vs Price=$9.42)
✓Marks>= 20% below intrinsic value
Positive Net Income Frequency7/11 years positive
✓MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue22.4%
✓Ackman>= 15%
Net Income / Shareholders Equity20.2%
✓Ackman>= 15%
5-Year EPS CAGR-1.0% CAGR over 4 years
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend35.8% (2023) -> 22.4% (2025)
✗TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trendrevenue flat/down, operating margin 35.8% -> 22.4%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Gross profit / total assets
✗AsnessTop 30% of eligible cross-section
Net income / positive book equity+20.21%; #775/5226 (top 14.8%)
✓AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.0648; #2906/5884 (top 49.4%)
✗AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR-1.0% over 4 years
✗Neff7%-20% annualized
Positive Diluted-EPS Years7/10 years positive
✓Schloss>= 70% positive over 5-10 observed years (app rule)
Efficiency38% pass✓ 5✗ 6▾
5 of 8 flag GPRK's efficiency — Graham, Greenblatt, Piotroski +2 more
Current Ratio1.60
✗Graham>= 2.0
ROIC (3-5 yr avg)39.9%
✓Buffett> 10%
ROIC - WACC+29.9%
✓BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)14.2%
✗Greenblatt> 25%
Current Ratio Change YoY1.17 -> 1.60
✓PiotroskiIncreased YoY
Revenue / Total Assets Change YoY0.55x -> 0.47x
✗PiotroskiImproved YoY
Current Assets / Current Liabilities1.60
✓Dreman> 1.5
Return on Invested Capital10.9%
✗Munger> 15%
ROIC (high and growing)FY2023: ROIC=31.6%; FY2024: ROIC=30.1%; FY2025: ROIC=10.9%
✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROIC5.6% (RR=51% x ROIC=10.9%)
✗AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)4/5 years above 12% (latest 10.9%)
✓SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Petroleum and Natural Gas

SIC Sector: Oil & Gas Extraction

Size: Small Cap($1.0B)

Revenue: $492.5M-25.5% YoY

Net Income: $49.7M-48.5% YoY

Financial Snapshot

Operating Margin22.4%

Return on Equity20.2%

Debt / Equity2.25

Current Ratio1.60

EPS (Diluted)$0.95−47.5% 1y

Buybacks (1y)$0

Buybacks (2y)$43.7M

Shares Retired−0.9% / 6.5% 2y

Similar Companies

Shareholder Return

Fiscal 2025

Issued 0.9% of shares last year, 6.5% over two.

Buybacks: $0
Dividends: $24.2M

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY22

278.8% = 267.2% + 3.2%

FY23

−48.3% = −50.5% + 4.5%

FY24

−6.7% = −13.2% + 7.5%

FY25

−47.5% = −48.5% + 1.8%

Earnings Fewer shares More shares

The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

Metric	FY 2025 Sources 20-F · 2026-03-31	FY 2024 Sources 20-F · 2025-04-02	FY 2023 Sources 20-F · 2024-03-28	FY 2022 Sources 20-F · 2023-03-30	FY 2021 Sources 20-F · 2022-03-31
Market Cap	$1.0Bcurrent	$449.2Mest.	$437.1Mest.	$746.6Mest.	$702.0Mest.
Revenue	$492.5M↓25%	$660.8M↓13%	$756.6M↓28%	$1.0B↑52%	$688.5M
Operating Income	$110.5M↓60%	$273.5M↑1%	$270.9M↓37%	$429.1M↑131%	$185.8M
Net Income	$49.7M↓48%	$96.4M↓13%	$111.1M↓51%	$224.4M↑267%	$61.1M
EPS (Diluted)	$0.95↓48%	$1.81↓7%	$1.94↓48%	$3.75↑279%	$0.99
Gross Margin	—	—	—	—	—
Operating Margin	22.4%↓46%	41.4%↑16%	35.8%↓12%	40.9%↑51%	27.0%
ROE	20.2%↓57%	47.4%↓25%	63.1%↓68%	194.2%↑297%	-98.7%
Total Debt	$553.5M↑8%	$514.3M↑3%	$501.0M↑1%	$497.6M↓26%	$674.1M
Shareholders' Equity	$245.8M↑21%	$203.3M↑15%	$176.0M↑52%	$115.6M↑287%	-$61.9M
Current Ratio	1.60↑37%	1.17	1.17↑13%	1.04↓9%	1.14
Debt / Equity	2.25↓11%	2.53↓11%	2.85↓34%	4.31↑140%	-10.88
Operating Cash Flow	$14.7M↓97%	$471.0M↑57%	$300.9M↓36%	$467.5M↑116%	$216.8M
Free Cash Flow	-$83.7M↓130%	$279.7M↑175%	$101.9M↓66%	$298.7M↑241%	$87.5M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Petroleum and Natural Gas

GPRK vs Peers — Financial Grading

Revenue$492.5MBottom 25%

Net Income$49.7MBottom 25%

ROE20.2%Top 25%

D/E2.25Bottom 25%

Op. Margin22.4%Top 25%

Curr. Ratio1.60Top 25%

Company	Market Cap	Price	Revenue	Net Income	ROE	D/E	Op. Margin	Curr. Ratio	Graham	Buffett	Lynch	Greenblatt	Piotroski	Dreman
TotalEnergies SETTE	$199.0B	$90.74	$201.2B	$13.1B	11.4%	0.49	—	0.97	4/9	4/9	1/7	0/3	F-Score 4	6/11
CONOCOPHILLIPSCOP	$168.2B	$142.28	$58.9B	$8.0B	12.4%	0.36	—	1.30	2/9	3/9	3/7	0/3	F-Score 7	6/11
BP PLCBP	$117.7B	$45.70	$192.5B	$55.0M	0.1%	1.09	6.6%	1.26	1/9	3/9	1/7	0/3	F-Score 5	2/11
SUNCOR ENERGY INCSU	$80.5B	$69.92	$38.2B	$4.3B	13.1%	0.22	—	1.39	2/9	2/9	2/7	0/3	F-Score 4	6/11
CENOVUS ENERGY INC.CVE	$52.6B	$29.08	$36.3B	$2.9B	12.4%	0.35	—	1.57	1/9	1/9	3/7	0/3	F-Score 5	5/11
WOODSIDE ENERGY GROUP LTDWDS	$40.1B	$21.08	$13.0B	$2.7B	7.6%	0.33	30.0%	1.59	3/9	4/9	0/7	0/3	F-Score 4	7/11
EXPAND ENERGY CorpEXE	$20.4B	$88.53	$12.1B	$1.8B	9.8%	0.27	20.4%	1.01	2/9	5/9	3/7	1/3	F-Score 7	7/11
YPF SOCIEDAD ANONIMAYPF	$14.9B	$37.90	$18.4B	$826.0M	-7.6%	0.98	9.4%	0.87	2/9	1/9	1/7	0/3	F-Score 4	3/11