Added to YB: 2026-01-16
Pitch date: 2026-01-15
PBR [neutral]
Petróleo Brasileiro S.A. - Petrobras
+42.97%
current return
Author Info
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Company Info
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally.
Market Cap
BRL 608.5B
Pitch Price
BRL 32.13
Price Target
30.13 (-34%)
Dividend
7.22%
EV/EBITDA
3.19
P/E
4.28
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)