Professional
Added to YB: 2024-12-27
Pitch date: 2024-12-19
PBR [bullish]
Petróleo Brasileiro S.A. - Petrobras
+3.39%
current return
Author Info
No bio for this author
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Company Info
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally.
Market Cap
BRL 415.3B
Pitch Price
BRL 11.78
Price Target
16.80 (+38%)
Dividend
18.28%
EV/EBITDA
3.18
P/E
5.22
EV/Sales
1.49
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Show full summary:
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)