Added to YB: 2024-03-11
Pitch date: 2024-03-10
PBR [bullish]
Petróleo Brasileiro S.A. - Petrobras
+17.49%
current return
Author Info
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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 26.98
Price Target
N/A
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:
Petrobras: They're Panicking Again
Sold off on lack of Q4 special dividends, but fears of state appropriation under Lula proved unfounded. With P/E <4, $24B profit, 19% dividend, clear policies, PBR is undervalued. As narrative shifts, it may reach 9-10x earnings, suggesting significant upside remains before an exit.
Read full article (3 min)