Added to YB: 2024-07-10
Pitch date: 2024-03-31
PBR [bullish]
Petróleo Brasileiro S.A. - Petrobras
+128.34%
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 11.08
Price Target
N/A
Dividend
5.71%
EV/EBITDA
3.76
P/E
5.41
EV/Sales
1.98
Sector
Oil, Gas and Consumable Fuels
Category
value
Ariel Emerging Markets Value New Position: Petróleo Brasileiro S.A. - Petrobras
PBR: Brazil oil producer w/ low-decline fields, growing production & exploration upside. Trades at large discount despite better ROE/growth vs peers. Gov't interference risk priced in; new laws make it harder. Strong FCF, rising output. Mgmt now liable for harmful policies. Likely to beat low market expectations.
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