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PRIO

Petro Rio BOVESPA:PRIO3 Stock Report

Last Price

R$24.87

Market Cap

R$21.2b

7D

-4.9%

1Y

40.3%

Updated

19 May, 2022

Data

Company Financials +
PRIO3 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance5/6
Financial Health5/6
Dividends0/6

PRIO3 Stock Overview

Petro Rio S.A., together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally.

Petro Rio Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Petro Rio
Historical stock prices
Current Share PriceR$24.87
52 Week HighR$29.69
52 Week LowR$16.22
Beta1.86
1 Month Change0.85%
3 Month Change2.01%
1 Year Change40.27%
3 Year Change609.35%
5 Year Change3,423.66%
Change since IPO6.56%

Recent News & Updates

Apr 30
Growth Investors: Industry Analysts Just Upgraded Their Petro Rio S.A. (BVMF:PRIO3) Revenue Forecasts By 14%

Growth Investors: Industry Analysts Just Upgraded Their Petro Rio S.A. (BVMF:PRIO3) Revenue Forecasts By 14%

Shareholders in Petro Rio S.A. ( BVMF:PRIO3 ) may be thrilled to learn that the analysts have just delivered a major...

Shareholder Returns

PRIO3BR Oil and GasBR Market
7D-4.9%1.1%1.1%
1Y40.3%25.8%-20.2%

Return vs Industry: PRIO3 exceeded the BR Oil and Gas industry which returned 22.9% over the past year.

Return vs Market: PRIO3 exceeded the BR Market which returned -20.5% over the past year.

Price Volatility

Is PRIO3's price volatile compared to industry and market?
PRIO3 volatility
PRIO3 Average Weekly Movement7.7%
Oil and Gas Industry Average Movement7.3%
Market Average Movement6.4%
10% most volatile stocks in BR Market10.0%
10% least volatile stocks in BR Market3.0%

Stable Share Price: PRIO3 is not significantly more volatile than the rest of BR stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: PRIO3's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009n/aRoberto Monteirohttps://www.petroriosa.com.br

Petro Rio S.A., together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia.

Petro Rio Fundamentals Summary

How do Petro Rio's earnings and revenue compare to its market cap?
PRIO3 fundamental statistics
Market CapR$21.24b
Earnings (TTM)R$2.47b
Revenue (TTM)R$5.27b

8.5x

P/E Ratio

4.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRIO3 income statement (TTM)
RevenueR$5.27b
Cost of RevenueR$2.15b
Gross ProfitR$3.12b
Other ExpensesR$654.39m
EarningsR$2.47b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.93
Gross Margin59.24%
Net Profit Margin46.82%
Debt/Equity Ratio56.5%

How did PRIO3 perform over the long term?

See historical performance and comparison

Valuation

Is Petro Rio undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


8.5x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: PRIO3 (R$24.87) is trading above our estimate of fair value (R$9.39)

Significantly Below Fair Value: PRIO3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PRIO3 is good value based on its PE Ratio (8.5x) compared to the BR Oil and Gas industry average (9.5x).

PE vs Market: PRIO3 is good value based on its PE Ratio (8.5x) compared to the BR market (8.9x).


Price to Earnings Growth Ratio

PEG Ratio: PRIO3 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: PRIO3 is overvalued based on its PB Ratio (3.1x) compared to the BR Oil and Gas industry average (1.4x).


Future Growth

How is Petro Rio forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRIO3's forecast earnings growth (10.7% per year) is above the savings rate (9.1%).

Earnings vs Market: PRIO3's earnings (10.7% per year) are forecast to grow faster than the BR market (5.9% per year).

High Growth Earnings: PRIO3's earnings are forecast to grow, but not significantly.

Revenue vs Market: PRIO3's revenue (40.6% per year) is forecast to grow faster than the BR market (6.2% per year).

High Growth Revenue: PRIO3's revenue (40.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PRIO3's Return on Equity is forecast to be high in 3 years time (21.7%)


Past Performance

How has Petro Rio performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


48.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRIO3 has a high level of non-cash earnings.

Growing Profit Margin: PRIO3's current net profit margins (46.8%) are higher than last year (19.2%).


Past Earnings Growth Analysis

Earnings Trend: PRIO3's earnings have grown significantly by 48.7% per year over the past 5 years.

Accelerating Growth: PRIO3's earnings growth over the past year (450.3%) exceeds its 5-year average (48.7% per year).

Earnings vs Industry: PRIO3 earnings growth over the past year (450.3%) exceeded the Oil and Gas industry 331.8%.


Return on Equity

High ROE: PRIO3's Return on Equity (36.7%) is considered high.


Financial Health

How is Petro Rio's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PRIO3's short term assets (R$6.8B) exceed its short term liabilities (R$904.9M).

Long Term Liabilities: PRIO3's short term assets (R$6.8B) exceed its long term liabilities (R$5.2B).


Debt to Equity History and Analysis

Debt Level: PRIO3 has more cash than its total debt.

Reducing Debt: PRIO3's debt to equity ratio has increased from 21.8% to 56.5% over the past 5 years.

Debt Coverage: PRIO3's debt is well covered by operating cash flow (64%).

Interest Coverage: PRIO3's interest payments on its debt are well covered by EBIT (10.2x coverage).


Balance Sheet


Dividend

What is Petro Rio current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.60%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PRIO3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PRIO3's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRIO3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRIO3's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PRIO3 has not reported any payouts.


Discover strong dividend paying companies

Management

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

1.5yrs

Average management tenure


CEO

Roberto Monteiro (46 yo)

2.33yrs

Tenure

R$236,000

Compensation

Mr. Roberto Bernardes Monteiro has been Chief Executive Officer at Petro Rio S.A. since 2020. Mr. Monteiro had been Chief Financial Officer of Petro Rio S.A. since August 2019 until April 2021 and serves a...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Roberto's total compensation is reasonable compared to companies of similar size in the BR market.

Compensation vs Earnings: Insufficient data to compare Roberto's compensation with company performance.


Leadership Team

Experienced Management: PRIO3's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: PRIO3'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

Petro Rio S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Petro Rio S.A.
  • Ticker: PRIO3
  • Exchange: BOVESPA
  • Founded: 2009
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: R$21.241b
  • Shares outstanding: 843.57m
  • Website: https://www.petroriosa.com.br

Location

  • Petro Rio S.A.
  • Praia de Botafogo, 370
  • 13º andar - Botafogo
  • Rio De Janeiro
  • Rio de Janeiro
  • 22250-040
  • Brazil

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.