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EXCO Resources, Inc (EXCE) Fair Value & Analysis

Energy · US · Market cap $432M

ER EXCO Resources, Inc logo EXCO Resources, Inc EXCE · US
Price$23.50
Fair Value$39.88
Upside+69.7%
Quality53/100
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Weak Growth
Loss-making · -46.4% net margin
Negative equity (buybacks among others) · negative free cash flow
Ranks above peers (8/9)
Moderate moat 49/100
Evidence: Low Range $24.97 – $54.80 Share as image

Fair value as of: Jul 16, 2026

From 5 valuation models · updated 25 days ago

Share price +6.8% over the past month.

A solid business, screening 70% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($24.97). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($24.97 to $54.80) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$25.38 $0.0002 Fair Value $39.88 Jul 2019 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range $0.0002 – $25.38 · fair‑value band $24.97 – $54.80 · the $23.50 price screens below the $39.88 fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

EXCO Resources, Inc (EXCE) currently trades at $23.50, while our model-based Fair Value estimate is $39.88, implying the stock looks roughly 69.7% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, EXCO Resources, Inc generated revenue of $394M at a net margin of -46.4%. Revenue grew 54.1% year over year. Net debt stands at $427M. Fundamentals as of Jul 16, 2026

Our scenario range runs from $24.97 (bear case) to $54.80 (bull case); at $23.50, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 7% below its 52-week high and 114% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -26% fair-value upside, at 70%, EXCE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder $87.04 $98.62 $108.27 67
EPV $87.04 $98.62 $108.27 59
EV/EBITDA $46.90 $61.82 $76.73 54
All 5 models by family
Earnings-Based
EPV $87.04 $98.62 $108.27 59
Multiples
EV/EBIT $90.58 $120.06 $149.53 53
EV/EBITDA $46.90 $61.82 $76.73 54
EV/Revenue $17.49 $24.06 $30.63 43
Economic Profit
ROIC Compounder $87.04 $98.62 $108.27 67

Widest divergence: Earnings-Based ($98.62) versus Multiples ($61.82). Highest evidence: ROIC Compounder (67).

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Key figures & financial health

Revenue (TTM) $394M
Revenue growth (YoY) +54.1%
Net margin -46.4%
Free cash flow −$17.2M FY2018
Operating margin 43.3%
EPS (TTM) $-80.23
More key figures
Net debt $427M FY2018

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 47 · Market factors (momentum, volatility) 65

Profitability 12
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 32
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in North Louisiana, East Texas, South Texas, Appalachia and internationally. The company also offers hydraulic fracturing services.

Full company description

EXCO Resources, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and production of onshore oil and natural gas properties with a focus on shale resource plays in North Louisiana, East Texas, South Texas, Appalachia and internationally. The company also offers hydraulic fracturing services. EXCO Resources, Inc. was founded in 1955 and is headquartered in Dallas, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2014 – FY2018 · reported fiscal years

EXCO Resources, Inc reported revenue of $394M in FY2018 versus $660M in FY2014, a compound −12.1%/yr. Reported net income was −$183M in FY2018.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2018)
$394M
Latest YoY
+38.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.1%
Avg. growth/yr (22Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+32.0%
Revenue −12.1%/yr
FY14 $660M
FY15 $328M
FY16 $271M
FY17 $284M
FY18 $394M
Net income
FY14 $121M
FY15 −$1.2B
FY16 −$225M
FY17 $24.4M
FY18 −$183M

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Cite: Fair Value Calculator (2026). "EXCO Resources, Inc Fair Value". https://www.fairvalue-calculator.com/stock/EXCE

Peer Group

Oil & Gas E&P · 315 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 53 · Above median
Fair Value upside +70% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) -46% · Bottom 25%
Operating margin (TTM) 43% · Top 25%
Revenue growth 54% · Top 25%

Valuation Multiples vs Oil & Gas E&P median · lower = cheaper

P/S (TTM) 1.10× · Cheaper than median
EV/EBITDA 1.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 14
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 87
DIVIDEND 0 · sector 66

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
CNOOC Limited 600938 ¥28.97 ¥32.55 +12%
ConocoPhillips explores for, COP $109.04 $91.79 -16%
Canadian Natural Resources Limited CNQ $42.86 $31.54 -26%
EOG Resources, Inc EOG $139.89 $130.19 -7%
Occidental Petroleum Corporation OXY $54.86 $30.68 -44%
Diamondback Energy, Inc FANG $183.39 $106.12 -42%
Devon Energy Corporation DVN $43.83 $27.06 -38%
Woodside Energy Group WDS A$30.46 A$20.71 -32%
EQT Corporation EQT $48.85 $42.85 -12%
Texas Pacific Land Corporation TPL $415.70 $79.20 -81%

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Frequently asked questions

Is EXCO Resources, Inc (EXCE) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of $39.88 versus a price of $23.50, about +70% (undervalued).
What is the fair value of EXCE?
Our model-based fair value for EXCO Resources, Inc is $39.88 (as of Jul 16, 2026), built from audited fundamentals. The current price is $23.50.
What is the quality score of EXCE?
EXCO Resources, Inc has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of EXCO Resources, Inc (EXCE)?
EXCO Resources, Inc reported trailing-twelve-month revenue of about $394M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of EXCE?
The net profit margin of EXCO Resources, Inc is about -46.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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