Company Valuation: Petrobras

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 387,853 345,928 497,645 490,407 410,255 575,218 - -
Change - -10.81% 43.86% -1.45% -16.34% 40.21% - -
Enterprise Value (EV) 1 653,631 570,438 725,444 795,207 730,186 862,351 845,319 836,254
Change - -12.73% 27.17% 9.62% -8.18% 18.1% -1.98% -1.07%
P/E Ratio 3.48x 1.7x 3.89x 12.7x 3.84x 3.27x 4.45x 4.9x
PBR 0.96x 0.88x 1.27x 1.27x 1x 1.06x 0.96x 0.89x
PEG - 0x -0.1x -0.2x 0x 0.1x -0.2x -0.54x
Capitalization / Revenue 0.86x 0.54x 0.98x 0.93x 0.87x 1.02x 1.05x 1.1x
EV / Revenue 1.44x 0.89x 1.42x 1.51x 1.55x 1.53x 1.55x 1.6x
EV / EBITDA 2.79x 1.68x 2.78x 3x 3.16x 2.95x 2.97x 3.07x
EV / EBIT 3.81x 2.1x 3.72x 4.12x 4.83x 4.08x 4.36x 4.73x
EV / FCF 3.87x 2.77x 4.54x 5.84x 8.37x 6.97x 8.27x 8.75x
FCF Yield 25.9% 36.1% 22% 17.1% 12% 14.3% 12.1% 11.4%
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% 12.5% 13.6% 13.4%
EPS 2 8.18 14.44 9.57 2.84 8.026 12.72 9.353 8.498
Distribution rate 104% 105% 58.2% 202% 39.9% 40.8% 60.7% 65.6%
Net sales 1 452,668 641,256 509,987 527,918 470,950 564,188 545,868 521,934
EBITDA 1 234,576 340,482 261,016 264,987 231,111 292,805 284,633 272,081
EBIT 1 171,528 272,280 194,883 192,922 151,135 211,521 193,889 176,942
Net income 1 106,668 188,328 123,920 43,473 103,668 129,119 117,237 107,117
Net Debt 1 265,778 224,510 227,799 304,800 319,931 287,134 270,101 261,037
Reference price 2 28.45 24.50 37.24 36.19 30.82 41.65 41.65 41.65
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 Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.4x3.33x6.43x5.15% 1,744B
12.52x1.71x5.81x3.76% 375B
8.26x0.58x3.82x6.36% 272B
8.14x0.86x3.93x3.59% 242B
7.58x1.07x4.16x4.59% 199B
7.51x0.81x1.9x4.23% 92.93B
9.25x0.76x3.9x4.66% 79.85B
Average 9.52x 1.30x 4.28x 4.62% 429.22B
Weighted average by Cap. 11.72x 2.38x 5.56x 4.88%

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

- 40% : Our Best Subscriber-Only Tools to Spot Tomorrow’s Top Investments!
d
:
:
SEIZE THE OFFER!