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Petróleo Brasileiro - Petrobras

Market Cap

R$307.4b

Last Updated

2021/04/12 00:01 UTC

Data Sources

Company Financials +

Executive Summary

Petróleo Brasileiro S.A. - Petrobras produce and sells oil and gas in Brazil and internationally. More Details


Snowflake Analysis

Reasonable growth potential with adequate balance sheet.


Similar Companies

Share Price & News

How has Petróleo Brasileiro - Petrobras's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PETR4 is more volatile than 90% of BR stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: PETR4's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of BR stocks.


Market Performance


7 Day Return

-1.0%

PETR4

-1.0%

BR Oil and Gas

1.1%

BR Market


1 Year Return

40.6%

PETR4

47.7%

BR Oil and Gas

44.8%

BR Market

Return vs Industry: PETR4 underperformed the BR Oil and Gas industry which returned 47.7% over the past year.

Return vs Market: PETR4 underperformed the BR Market which returned 44.8% over the past year.


Shareholder returns

PETR4IndustryMarket
7 Day-1.0%-1.0%1.1%
30 Day2.1%1.7%2.1%
90 Day-23.4%-18.3%-5.5%
1 Year40.6%40.6%48.4%47.7%49.8%44.8%
3 Year20.2%11.6%25.0%15.9%49.1%33.5%
5 Year163.1%144.1%128.7%108.0%131.8%91.5%

Long-Term Price Volatility Vs. Market

How volatile is Petróleo Brasileiro - Petrobras's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Petróleo Brasileiro - Petrobras undervalued compared to its fair value and its price relative to the market?

43.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PETR4 (R$23.65) is trading above our estimate of fair value (R$20.87)

Significantly Below Fair Value: PETR4 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PETR4 is poor value based on its PE Ratio (43.4x) compared to the BR Oil and Gas industry average (35.1x).

PE vs Market: PETR4 is poor value based on its PE Ratio (43.4x) compared to the BR market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: PETR4 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: PETR4 is good value based on its PB Ratio (1x) compared to the BR Oil and Gas industry average (2x).


Future Growth

How is Petróleo Brasileiro - Petrobras forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

34.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PETR4's forecast earnings growth (34.4% per year) is above the savings rate (9.9%).

Earnings vs Market: PETR4's earnings (34.4% per year) are forecast to grow faster than the BR market (19.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PETR4's revenue (13.7% per year) is forecast to grow faster than the BR market (10.7% per year).

High Growth Revenue: PETR4's revenue (13.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PETR4's Return on Equity is forecast to be low in 3 years time (15.2%).


Past Performance

How has Petróleo Brasileiro - Petrobras performed over the past 5 years?

28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PETR4 has a large one-off loss of R$36.9B impacting its December 31 2020 financial results.

Growing Profit Margin: PETR4's current net profit margins (2.9%) are lower than last year (11.1%).


Past Earnings Growth Analysis

Earnings Trend: PETR4 has become profitable over the past 5 years, growing earnings by 28.8% per year.

Accelerating Growth: PETR4's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PETR4 had negative earnings growth (-75.9%) over the past year, making it difficult to compare to the Oil and Gas industry average (-46.1%).


Return on Equity

High ROE: PETR4's Return on Equity (2%) is considered low.


Financial Health

How is Petróleo Brasileiro - Petrobras's financial position?


Financial Position Analysis

Short Term Liabilities: PETR4's short term assets (R$142.3B) exceed its short term liabilities (R$136.3B).

Long Term Liabilities: PETR4's short term assets (R$142.3B) do not cover its long term liabilities (R$540.0B).


Debt to Equity History and Analysis

Debt Level: PETR4's debt to equity ratio (90%) is considered high.

Reducing Debt: PETR4's debt to equity ratio has reduced from 190.5% to 90% over the past 5 years.

Debt Coverage: PETR4's debt is well covered by operating cash flow (52.9%).

Interest Coverage: PETR4's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


Dividend

What is Petróleo Brasileiro - Petrobras's current dividend yield, its reliability and sustainability?

3.33%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 12 2021Ex Dividend DateApr 15 2021Dividend Pay DateApr 29 202114 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PETR4's dividend (3.33%) is higher than the bottom 25% of dividend payers in the BR market (1.19%).

High Dividend: PETR4's dividend (3.33%) is low compared to the top 25% of dividend payers in the BR market (5.01%).


Stability and Growth of Payments

Stable Dividend: PETR4's dividend payments have been volatile in the past 10 years.

Growing Dividend: PETR4's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (144.5%), PETR4's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PETR4's dividends in 3 years are forecast to be well covered by earnings (46% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Roberto da Cunha Castello Branco (76 yo)

2.25yrs

Tenure

Mr. Roberto da Cunha Castello Branco has been the Chief Executive Officer, President and Director of Petróleo Brasileiro S.A. - Petrobras since January 3, 2019 and serves as its Member of Executive Board. ...


Leadership Team

Experienced Management: PETR4's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: PETR4's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Petróleo Brasileiro S.A. - Petrobras's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Petróleo Brasileiro S.A. - Petrobras
  • Ticker: PETR4
  • Exchange: BOVESPA
  • Founded: 1953
  • Industry: Integrated Oil and Gas
  • Sector: Energy
  • Market Cap: R$307.379b
  • Shares outstanding: 13.04b
  • Website: https://petrobras.com.br/pt

Number of Employees


Location

  • Petróleo Brasileiro S.A. - Petrobras
  • Avenida RepUblica do Chile, 65
  • Centro
  • Rio De Janeiro
  • Rio de Janeiro
  • 20031-912
  • Brazil

Listings


Biography

Petróleo Brasileiro S.A. - Petrobras produce and sells oil and gas in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from produci...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 00:01
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.