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5-day change | 1st Jan Change | ||
| 25,340.00 ARS | -0.63% |
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-7.45% | +40.31% |
| 06-17 | Petrobras produces, sells first CORSIA-certified soybean SAF batch | RE |
| 06-16 | IG4 negocia o controle da Raízen com Moelis e Journey | RE |
Company Valuation: Petrobras
Data adjusted to current consolidation scope
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Market Cap 1 | 387,853 | 345,928 | 497,645 | 490,407 | 410,255 | 530,608 | - | - |
| Change | - | -10.81% | 43.86% | -1.45% | -16.34% | 29.34% | - | - |
| Enterprise Value (EV) 1 | 653,631 | 570,438 | 725,444 | 795,207 | 730,186 | 817,988 | 800,961 | 791,871 |
| Change | - | -12.73% | 27.17% | 9.62% | -8.18% | 12.02% | -2.08% | -1.13% |
| P/E | 3.48x | 1.7x | 3.89x | 12.7x | 3.84x | 3.03x | 4.12x | 4.53x |
| PBR | 0.96x | 0.88x | 1.27x | 1.27x | 1x | 0.98x | 0.89x | 0.82x |
| PEG | - | 0x | -0.1x | -0.2x | 0x | 0.1x | -0.2x | -0.5x |
| Capitalization / Revenue | 0.86x | 0.54x | 0.98x | 0.93x | 0.87x | 0.94x | 0.97x | 1.02x |
| EV / Revenue | 1.44x | 0.89x | 1.42x | 1.51x | 1.55x | 1.45x | 1.47x | 1.52x |
| EV / EBITDA | 2.79x | 1.68x | 2.78x | 3x | 3.16x | 2.79x | 2.81x | 2.91x |
| EV / EBIT | 3.81x | 2.1x | 3.72x | 4.12x | 4.83x | 3.86x | 4.13x | 4.47x |
| EV / FCF | 3.87x | 2.77x | 4.54x | 5.84x | 8.37x | 6.61x | 7.83x | 8.29x |
| FCF Yield | 25.9% | 36.1% | 22% | 17.1% | 12% | 15.1% | 12.8% | 12.1% |
| Dividend per Share 2 | 8.534 | 15.09 | 5.569 | 5.734 | 3.199 | 5.19 | 5.68 | 5.574 |
| Rate of return | 30% | 61.6% | 15% | 15.8% | 10.4% | 13.5% | 14.7% | 14.5% |
| EPS 2 | 8.18 | 14.44 | 9.57 | 2.84 | 8.026 | 12.74 | 9.364 | 8.512 |
| Distribution rate | 104% | 105% | 58.2% | 202% | 39.9% | 40.7% | 60.7% | 65.5% |
| Net sales 1 | 452,668 | 641,256 | 509,987 | 527,918 | 470,950 | 564,526 | 546,157 | 522,277 |
| EBITDA 1 | 234,576 | 340,482 | 261,016 | 264,987 | 231,111 | 292,957 | 284,772 | 272,246 |
| EBIT 1 | 171,528 | 272,280 | 194,883 | 192,922 | 151,135 | 211,676 | 194,016 | 177,101 |
| Net income 1 | 106,668 | 188,328 | 123,920 | 43,473 | 103,668 | 129,202 | 117,308 | 107,201 |
| Net Debt 1 | 265,778 | 224,510 | 227,799 | 304,800 | 319,931 | 287,380 | 270,353 | 261,263 |
| Reference price 2 | 28.45 | 24.50 | 37.24 | 36.19 | 30.82 | 38.57 | 38.57 | 38.57 |
| Nbr of stocks (in thousands) | 13,044,201 | 13,044,201 | 13,015,466 | 12,888,733 | 12,888,733 | 12,888,733 | - | - |
| Announcement Date | 2/24/22 | 3/2/23 | 3/8/24 | 2/26/25 | 3/6/26 | - | - | - |
1BRL in Million2BRL
Estimates
P/E, Detailed evolution
| P/E (Y) | EV / Sales (Y) | EV / EBITDA (Y) | Dividend Yield (Y) | Capi.($) | ||
|---|---|---|---|---|---|---|
| 13.17x | 3.27x | 6.32x | 5.24% | 1,714B | ||
| 11.71x | 1.61x | 5.46x | 4.02% | 351B | ||
| 7.9x | 0.55x | 3.65x | 6.65% | 260B | ||
| 7.62x | 0.81x | 3.72x | 3.83% | 227B | ||
| 7.11x | 1.02x | 3.93x | 4.89% | 186B | ||
| 5.51x | 1.55x | 2.49x | 8.24% | 144B | ||
| 6.88x | 0.74x | 1.74x | 4.65% | 84.62B | ||
| 8.59x | 0.72x | 3.67x | 5.02% | 74.4B | ||
| Average | 8.56x | 1.28x | 3.87x | 5.31% | 380.18B | |
| Weighted average by Cap. | 11.12x | 2.31x | 5.28x | 5.21% |
Y-o-Y evolution of P/E
Historical PBR trend
Evolution Enterprise Value / Sales
Change in Enterprise Value/EBITDA
Year-on-year evolution of the Yield
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