Company Valuation: Petrobras

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 387,853 345,928 497,645 490,407 410,255 819,881 - -
Change - -10.81% 43.86% -1.45% -16.34% 99.85% - -
Enterprise Value (EV) 1 653,631 570,438 725,444 795,207 730,186 1,104,445 1,074,991 1,060,688
Change - -12.73% 27.17% 9.62% -8.18% 51.26% -2.67% -1.33%
P/E 3.48x 1.7x 3.89x 12.7x 3.84x 4.45x 5.45x 6.42x
PBR 0.96x 0.88x 1.27x 1.27x 1x 1.48x 1.32x 1.2x
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 1.35x 1.43x 1.52x
EV / Revenue 1.44x 0.89x 1.42x 1.51x 1.55x 1.82x 1.87x 1.97x
EV / EBITDA 2.79x 1.68x 2.78x 3x 3.16x 3.42x 3.5x 3.7x
EV / EBIT 3.81x 2.1x 3.72x 4.12x 4.83x 4.5x 4.83x 5.42x
EV / FCF 3.87x 2.77x 4.54x 5.84x 8.37x 9.11x 8.61x 9.67x
FCF Yield 25.9% 36.1% 22% 17.1% 12% 11% 11.6% 10.3%
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% 7.67% 11.1% 9.25%
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 1 452,668 641,256 509,987 527,918 470,950 605,743 575,355 539,675
EBITDA 1 234,576 340,482 261,016 264,987 231,111 322,833 306,764 286,551
EBIT 1 171,528 272,280 194,883 192,922 151,135 245,468 222,776 195,731
Net income 1 106,668 188,328 123,920 43,473 103,668 156,825 131,012 114,573
Net Debt 1 265,778 224,510 227,799 304,800 319,931 284,564 255,110 240,807
Reference price 2 28.45 24.50 37.24 36.19 30.82 59.68 59.68 59.68
Nbr of stocks (in thousands) 13,044,201 13,044,201 13,015,466 12,888,733 12,888,733 12,888,733 - -
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.($)
13.07x3.37x6.5x5.44% 1,629B
13.22x1.91x6.11x3.17% 441B
8.38x0.7x4.45x6.21% 336B
8.34x0.97x4.27x2.97% 300B
7.51x1.01x4.14x4.47% 202B
4.45x1.82x3.42x7.67% 161B
6.08x1.83x2.94x7.51% 152B
7.96x0.87x2.07x3.43% 109B
8.64x0.87x4.32x4.68% 85.1B
Average 8.63x 1.49x 4.25x 5.06% 379.48B
Weighted average by Cap. 10.89x 2.29x 5.41x 5.06%

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