Company Valuation: Petrobras

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,87,853 3,45,928 4,97,645 4,90,407 4,10,255 7,25,311 - -
Change - -10.81% 43.86% -1.45% -16.34% 76.8% - -
Enterprise Value (EV) 1 6,53,631 5,70,438 7,25,444 7,95,207 7,30,186 10,13,214 9,80,911 9,67,049
Change - -12.73% 27.17% 9.62% -8.18% 38.76% -3.19% -1.41%
P/E 3.48x 1.7x 3.89x 12.7x 3.84x 3.91x 4.8x 5.65x
PBR 0.96x 0.88x 1.27x 1.27x 1x 1.31x 1.16x 1.06x
PEG - 0x -0.1x -0.2x 0x 0.1x -0.3x -0.4x
Capitalization / Revenue 0.86x 0.54x 0.98x 0.93x 0.87x 1.18x 1.24x 1.32x
EV / Revenue 1.44x 0.89x 1.42x 1.51x 1.55x 1.65x 1.68x 1.75x
EV / EBITDA 2.79x 1.68x 2.78x 3x 3.16x 3.11x 3.16x 3.31x
EV / EBIT 3.81x 2.1x 3.72x 4.12x 4.83x 4.11x 4.36x 4.9x
EV / FCF 3.87x 2.77x 4.54x 5.84x 8.37x 8.36x 7.86x 8.81x
FCF Yield 25.9% 36.1% 22% 17.1% 12% 12% 12.7% 11.3%
Dividend per Share 2 8.534 15.09 5.569 5.734 3.199 4.577 6.604 5.521
Rate of return 30% 61.6% 15% 15.8% 10.4% 8.72% 12.6% 10.5%
EPS 2 8.18 14.44 9.57 2.84 8.026 13.41 10.95 9.292
Distribution rate 104% 105% 58.2% 202% 39.9% 34.1% 60.3% 59.4%
Net sales 1 4,52,668 6,41,256 5,09,987 5,27,918 4,70,950 6,13,208 5,83,845 5,51,124
EBITDA 1 2,34,576 3,40,482 2,61,016 2,64,987 2,31,111 3,26,050 3,10,591 2,92,218
EBIT 1 1,71,528 2,72,280 1,94,883 1,92,922 1,51,135 2,46,403 2,24,765 1,97,281
Net income 1 1,06,668 1,88,328 1,23,920 43,473 1,03,668 1,58,533 1,33,750 1,17,767
Net Debt 1 2,65,778 2,24,510 2,27,799 3,04,800 3,19,931 2,87,903 2,55,600 2,41,739
Reference price 2 28.45 24.50 37.24 36.19 30.82 52.51 52.51 52.51
Nbr of stocks (in thousands) 1,30,44,201 1,30,44,201 1,30,15,466 1,28,88,733 1,28,88,733 1,28,88,733 - -
Announcement Date 24/02/22 02/03/23 08/03/24 26/02/25 06/03/26 - - -
1BRL in Million2BRL
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.52x3.46x6.77x5.29% 1,67600Cr
13.17x1.93x6.24x3.11% 45TCr
8.32x0.74x4.56x6.26% 35TCr
8.54x0.95x4.2x2.96% 30TCr
7.71x1.04x4.17x4.36% 21TCr
6.07x1.83x2.94x7.51% 15TCr
8.02x0.91x2.13x3.29% 11TCr
8.7x0.89x4.42x4.79% 8.73TCr
9.21x1.7x5.57x7.34% 4.83TCr
Average 9.25x 1.50x 4.56x 4.99% 37.6TCr
Weighted average by Cap. 11.43x 2.36x 5.68x 4.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Petrobras

Historical PBR trend

Valuation ratios - PBR - Petrobras

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Petrobras

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Petrobras


Year-on-year evolution of the Yield

Valuation ratios - Yield - Petrobras