Petróleo Brasileiro S.A. - Petrobras

BOVESPA-PETR4

Basic

Market Cap
R$509.12B
EV
R$738.6B
Shares Out
12.91B
Revenue
R$490.65B
Employees
46,730

Margins

Gross
52.45%
EBITDA
47.22%
Operating
38.62%
Pre-Tax
31.58%
Net
22.45%
FCF
29.89%

Returns (5Yr Avg)

ROA
9.22%
ROTA
27.17%
ROE
24.53%
ROCE
19.98%
ROIC
88.23%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
R$43.12
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
R$81.76B
Net Debt
R$227.19B
Debt/Equity
0.75
EBIT/Interest
13.45

Growth (CAGR)

Rev 3Yr
19.05%
Rev 5Yr
9.72%
Rev 10Yr
5.14%
Dil EPS 3Yr
24.87%
Dil EPS 5Yr
37.08%
Dil EPS 10Yr
17.92%
Rev Fwd 2Yr
-2.29%
EBITDA Fwd 2Yr
-0.69%
EPS Fwd 2Yr
-6.67%
EPS LT Growth Est
29.9%

Dividends

Yield
—
Payout
63.88%
DPS
R$5.42
DPS Growth 3Yr
89.74%
DPS Growth 5Yr
40.98%
DPS Growth 10Yr
18.8%
DPS Growth Fwd 2Yr
-18.31%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Impairment of Oil, Gas & Mineral Properties						2,490	16,774	-8,436	4,050	3,622	3,705
Total Revenues						263,827	272,069	452,668	641,256	511,994	490,647
Total Revenues % Chg.						-15%	3.1%	66.4%	41.7%	-20.2%	-23.2%
Cost of Goods Sold, Total						141,722	148,107	233,031	307,156	242,061	233,324
Gross Profit						122,105	123,962	219,637	334,100	269,933	257,323
Selling General & Admin Expenses, Total						26,114	30,545	29,146	32,325	33,115	33,738
Exploration / Drilling Costs, Total						1,947	1,791	2,366	1,032	2,805	2,575
R&D Expenses						2,268	1,819	3,033	4,087	3,619	3,727
Impairment of Oil, Gas & Mineral Properties						299	16,774	-8,436	4,050	3,622	3,705
Other Operating Expenses						13,707	-7,274	6,195	-10,922	22,834	24,074
Other Operating Expenses, Total						44,335	43,655	32,304	30,572	65,995	67,819
Operating Income						77,770	80,307	187,333	303,528	203,938	189,504
Interest Expense, Total						-13,810	-20,508	-16,801	-13,790	-13,764	-14,089
Interest And Investment Income						2,247	1,017	1,706	5,955	8,258	8,666
Net Interest Expenses						-11,563	-19,491	-15,095	-7,835	-5,506	-5,423
Income (Loss) On Equity Invest.						547	-3,272	8,427	1,291	-1,480	-2,118
Currency Exchange Gains (Loss)						-11,852	-31,142	-39,728	-19,537	-7,634	-16,147
Other Non Operating Income (Expenses)						-4,536	10,439	5,493	11,391	5,583	7,634
EBT, Excl. Unusual Items						50,366	36,841	146,430	288,838	194,901	173,450
Restructuring Charges				—		-791	-5,408	—	—	—	—
Impairment of Goodwill	—	—	—	—	—	—	-31	—	—	—	—
Gain (Loss) On Sale Of Investments	—	—	—		—	-127	-225	—	—	—	—
Gain (Loss) On Sale Of Assets						23,798	2,709	10,889	5,884	6,511	4,740
Asset Writedown						-12,581	-19,833	7,089	-6,393	-11,576	-11,515
Legal Settlements						-5,079	-1,830	-2,615	-6,512	-3,420	-3,936
Other Unusual Items						-8,344	-12,186	-10,218	-6,819	-8,935	-7,807
EBT, Incl. Unusual Items						47,242	37	151,575	274,998	177,481	154,932
Income Tax Expense						16,400	-6,209	44,311	85,993	52,315	44,263
Earnings From Continuing Operations						30,842	6,246	107,264	189,005	125,166	110,669
Earnings Of Discontinued Operations	—	—	—	—		10,128	—	—	—	—	—
Minority Interest						-833	862	-596	-677	-560	-519
Net Income						40,137	7,108	106,668	188,328	124,606	110,150
Net Income to Common Incl Extra Items						40,137	7,108	106,668	188,328	124,606	110,150
Net Income to Common Excl. Extra Items						30,009	7,108	106,668	188,328	124,606	110,150
Total Shares Outstanding						13,044.2	13,044.2	13,044.2	13,044.2	12,940.1	12,909.3
Weighted Avg. Shares Outstanding						13,044.2	13,044.2	13,044.2	13,044.2	13,022.3	12,991.2
Weighted Avg. Shares Outstanding Dil						13,044.2	13,044.2	13,044.2	13,044.2	13,022.3	12,991.2
EPS						3.1	0.5	8.2	14.4	9.6	8.5
EPS Diluted						3.1	0.5	8.2	14.4	9.6	8.5
EBITDA						118,655	134,464	218,583	352,315	246,184	231,690
Effective Tax Rate						34.7%	-16,781.1%	29.2%	31.3%	29.5%	28.6%