With EPS Growth And More, Ultrapar Participações (BVMF:UGPA3) Makes An Interesting Case
Apr 11
Brazilian (BOVESPA) Oil and Gas Industry Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies9
- 7D3.5%
- 3M2.8%
- 1Y62.8%
- YTD7.1%
Over the last 7 days, the Oil and Gas industry has risen 3.5%, driven by gains in Prio and Enauta Participações of 1.2% and 6.4%, respectively. In the last 12 months, the industry was up 63%. In the next few years earnings are forecast to be pretty stable.
Industry Valuation and Performance
Has the Brazilian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | R$712.3b | R$925.9b | R$137.5b | 9.1x | 5.2x | 0.8x |
| Sun, 24 Mar 2024 | R$629.0b | R$927.1b | R$136.0b | 9x | 4.6x | 0.7x |
| Tue, 20 Feb 2024 | R$733.7b | R$950.8b | R$147.3b | 9.2x | 5x | 0.8x |
| Thu, 18 Jan 2024 | R$662.2b | R$953.1b | R$146.7b | 9.8x | 4.5x | 0.7x |
| Sat, 16 Dec 2023 | R$632.9b | R$953.1b | R$146.7b | 9.9x | 4.3x | 0.7x |
| Mon, 13 Nov 2023 | R$628.1b | R$378.3t | R$93.6t | 11.6x | 0.007x | 0.002x |
| Wed, 11 Oct 2023 | R$623.9b | R$1.0t | R$164.8b | 13x | 3.8x | 0.6x |
| Fri, 08 Sep 2023 | R$612.1b | R$1.0t | R$164.8b | 11.8x | 3.7x | 0.6x |
| Sun, 06 Aug 2023 | R$572.6b | R$1.0t | R$164.8b | 10.7x | 3.5x | 0.6x |
| Tue, 04 Jul 2023 | R$568.4b | R$1.1t | R$190.4b | 9x | 3x | 0.5x |
| Thu, 01 Jun 2023 | R$496.0b | R$1.1t | R$190.4b | 8.2x | 2.6x | 0.5x |
| Sat, 29 Apr 2023 | R$453.7b | R$1.1t | R$195.6b | 9.5x | 2.3x | 0.4x |
| Mon, 27 Mar 2023 | R$425.6b | R$1.1t | R$195.3b | 8.5x | 2.2x | 0.4x |
| Wed, 22 Feb 2023 | R$497.9b | R$1.0t | R$183.9b | 10.1x | 2.7x | 0.5x |
| Fri, 20 Jan 2023 | R$504.9b | R$1.0t | R$184.7b | 13.1x | 2.7x | 0.5x |
| Sun, 18 Dec 2022 | R$434.3b | R$1.0t | R$184.7b | 11.5x | 2.4x | 0.4x |
| Tue, 15 Nov 2022 | R$527.1b | R$1.0t | R$185.4b | 15.2x | 2.8x | 0.5x |
| Thu, 13 Oct 2022 | R$594.5b | R$964.9b | R$174.4b | 9.9x | 3.4x | 0.6x |
| Sat, 10 Sep 2022 | R$582.1b | R$968.6b | R$173.8b | 8.8x | 3.3x | 0.6x |
| Mon, 08 Aug 2022 | R$616.5b | R$931.3b | R$175.8b | 6.9x | 3.5x | 0.7x |
| Wed, 06 Jul 2022 | R$500.9b | R$859.7b | R$163.8b | 5.6x | 3.1x | 0.6x |
| Fri, 03 Jun 2022 | R$568.6b | R$859.7b | R$163.8b | 7.1x | 3.5x | 0.7x |
| Sun, 01 May 2022 | R$588.0b | R$762.0b | R$119.6b | 16.2x | 4.9x | 0.8x |
| Tue, 29 Mar 2022 | R$609.9b | R$761.9b | R$119.6b | 11.6x | 5.1x | 0.8x |
| Thu, 24 Feb 2022 | R$610.2b | R$648.7b | R$147.4b | 11x | 4.1x | 0.9x |
| Sat, 22 Jan 2022 | R$593.1b | R$614.7b | R$145.6b | 12.2x | 4.1x | 1x |
| Mon, 20 Dec 2021 | R$542.3b | R$614.7b | R$145.6b | 11x | 3.7x | 0.9x |
| Wed, 17 Nov 2021 | R$514.7b | R$588.6b | R$145.4b | 11.8x | 3.5x | 0.9x |
| Fri, 15 Oct 2021 | R$499.1b | R$529.4b | R$109.0b | 19x | 4.6x | 0.9x |
| Sun, 12 Sep 2021 | R$429.1b | R$529.4b | R$109.0b | 16.4x | 3.9x | 0.8x |
| Tue, 10 Aug 2021 | R$475.4b | R$527.5b | R$108.9b | 18.1x | 4.4x | 0.9x |
| Mon, 03 May 2021 | R$394.6b | R$350.0b | R$59.4b | 26.6x | 6.6x | 1.1x |
Price to Earnings Ratio
6.6x
Current Industry PE
- Investors are optimistic on the Brazilian Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.2x which is higher than its 3-year average PE of 3.9x.
- The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 32% per year over the last three years.
- Revenues for these companies have grown 38% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Brazilian Energy industry?
| BR Market | -0.20% | |
| Energy | 3.49% | |
| Oil and Gas | 3.49% | |
| Integrated Oil and Gas | 4.17% | |
| Oil and Gas Exploration and Production | 2.44% | |
| Oil and Gas Refining and Marketing | 0.51% | |
| Coal and Fuels | 0% | |
| Oil and Gas Storage and Transportation | -0.98% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry even though it's trading below its 3-year average PE ratio of 38.1x.
- Analysts are expecting annual earnings growth of 16.0%, which is lower than the prior year's growth of 2,016.3% per year.
- Investors are most pessimistic about the Integrated Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.1x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 28% over the next 5 years.
- However this is lower than its past earnings growth rate of 51% per year.
- In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 5.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PRIO3 Prio | R$49.39 | 1.2% +R$495.2m | 42.1% | PE8x | |
| ENAT3 Enauta Participações | R$28.31 | 6.4% +R$450.5m | 145.1% | PS5.4x | |
| RRRP3 3R Petroleum Óleo e Gás | R$34.14 | 3.8% +R$298.1m | 7.8% | PE20.3x | |
| RECV3 Petroreconcavo | R$22.07 | 4.3% +R$269.7m | 12.1% | PE9.1x |
