Professional
Added to YB: 2024-12-27
Pitch date: 2024-12-19
PBR [bullish]
Petróleo Brasileiro S.A. - Petrobras
+130.86%
current return
Author Info
No bio for this author
Company Info
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally.
Market Cap
BRL 774.3B
Pitch Price
BRL 10.96
Price Target
16.80 (-34%)
Dividend
5.71%
EV/EBITDA
3.76
P/E
5.41
EV/Sales
1.98
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Petróleo Brasileiro S.A. - Petrobras: Strong Results Lead to a Dividend Increase
PBR: Q3 EBITDA $11.6B, down YoY. Dividend up to BRL 17.1B. Debt lowest since 2008 at $25.8B. $16.80 FVE. 2025-29 plan due 11/21. Risks: gov't intervention, higher spending. E&P focus (72% of $102B 5yr plan), but rising low-return renewables investment. 45% payout ratio. No moat due to gov't control.
Read full article (10 min)