Added to YB: 2026-01-16
Pitch date: 2026-01-15
PBR [neutral]
Petróleo Brasileiro S.A. - Petrobras
+25.82%
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 511.5B
Pitch Price
BRL 33.96
Price Target
30.13 (-29%)
Dividend
15.10%
EV/EBITDA
3.60
P/E
6.31
EV/Sales
1.68
Sector
Oil, Gas and Consumable Fuels
Category
dividend
(Public) Petrobras Primer
PBR (overview): Brazil's national oil co at $15, valued $20-25. 88% of Brazil's production, 80%+ earnings from E&P. Pre-salt fields produce 1.81M boe/d but exploration declining - only 2 of 17 wells in 2023 were productive. Political risk overstated; CEO fired for dividend but $2.67/share capacity at $80 Brent = 17.6% yield. 11.5yr reserves, $43.6B net debt vs $40B cash flow. Target $30.13 at $100 oil (100% upside). Prefer buying at $12-13 on fear.
Read full article (17 min)