Under The Bonnet, Prio's (BVMF:PRIO3) Returns Look Impressive
Jun 20
Brazilian (BOVESPA) Oil and Gas Industry Analysis
UpdatedJul 01, 2024
DataAggregated Company Financials
Companies8
- 7D3.7%
- 3M-2.3%
- 1Y23.3%
- YTD-2.1%
All of the companies in the Oil and Gas industry have been up over the last week, with the industry up 3.7%. In the last 12 months, the industry was up 23%. Earnings are forecast to grow by 3.8% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 01 Jul 2024 | R$612.0b | R$685.3b | R$119.4b | 9x | 5.1x | 0.9x |
| Wed, 29 May 2024 | R$597.9b | R$685.0b | R$119.0b | 10x | 5x | 0.9x |
| 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 |
Price to Earnings Ratio
4.6x
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 5.1x which is higher than its 3-year average PE of 3.8x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 3.8% per year over the last three years.
- Revenues for these companies have grown 18% 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 | 1.86% | |
| Energy | 3.72% | |
| Oil and Gas | 3.72% | |
| Oil and Gas Exploration and Production | 5.75% | |
| Oil and Gas Refining and Marketing | 5.07% | |
| Integrated Oil and Gas | 3.62% | |
| Oil and Gas Storage and Transportation | 0.046% | |
| Coal and Fuels | 0% | |
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 40.8x.
- Analysts are expecting annual earnings growth of 24.7% and investors are willing to pay a premium for that growth.
- 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 3.0x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 50% per year.
- In contrast, the Integrated Oil and Gas industry is expected to see its earnings growth to stay flat 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$43.76 | 5.9% +R$2.0b | 18.0% | PE7.2x | |
| CSAN3 Cosan | R$13.54 | 5.0% +R$1.2b | -24.2% | PE14.3x | |
| RRRP3 3R Petroleum Óleo e Gás | R$27.48 | 7.3% +R$449.6m | -7.9% | PE42.1x | |
| ENAT3 Enauta Participações | R$21.94 | 7.2% +R$389.9m | 59.7% | PE127.5x | |
| RECV3 Petroreconcavo | R$18.54 | 1.6% +R$85.0m | -3.3% | PE8.8x |
