Petroleo Brasileiro SA Petrobras (NYSE:PBR.A)

Watchlist Manager

Watchlist

Price: 12.41 USD

Market Cap: 80.5B USD

Have any thoughts about
Petroleo Brasileiro SA Petrobras?

Write Note

Section:

Relative Value

The Relative Value of one PBR.A stock under the Base Case scenario is 16.52 USD. Compared to the current market price of 12.41 USD, Petroleo Brasileiro SA Petrobras is Undervalued by 25%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

PBR.A Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.9

P/S

vs History	15
vs Industry	56

Median 5Y

0.5

Industry

1.3

Forward

0.9

More Details

5.9

P/E

vs History	11
vs Industry	41

Median 5Y

2.2

Industry

9.6

Forward

4.5

More Details

2.2

P/OCF

vs History	15
vs Industry	45

Median 5Y

1.2

Industry

4.6

More Details

5.2

P/FCFE

vs History	22
vs Industry	34

Median 5Y

2.8

Industry

10.7

More Details

1.2

P/B

vs History	12
vs Industry	36

Median 5Y

0.6

Industry

1.2

More Details

1.3

EV/S

vs History	46
vs Industry	55

Median 5Y

1.3

Industry

1.8

Forward

1.3

More Details

2.8

EV/GP

vs History	47
vs Industry	59

Median 5Y

2.8

Industry

4.4

More Details

2.7

EV/EBITDA

vs History	44
vs Industry	47

Median 5Y

2.6

Industry

5.7

Forward

2.6

More Details

3.7

EV/EBIT

vs History	41
vs Industry	44

Median 5Y

3.5

Industry

7.9

Forward

3.6

More Details

3.2

EV/OCF

vs History	34
vs Industry	47

Median 5Y

2.8

Industry

More Details

4.5

EV/FCFF

vs History	31
vs Industry	36

Median 5Y

3.6

Industry

10.5

More Details

0.7

EV/IC

vs History	17
vs Industry	55

Median 5Y

0.5

Industry

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
BR		Petroleo Brasileiro SA Petrobras NYSE:PBR.A	462.8B USD	0.9	5.9	2.7	3.7
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	3.6	15.4	7.1	7.9
US		Exxon Mobil Corp NYSE:XOM	519.1B USD	1.5	15.2	7.8	11.7
US		Chevron Corp NYSE:CVX	272.6B USD	1.4	14.6	7	12.6
NL	R	Royal Dutch Shell PLC OTC:RYDAF	210.9B USD	0.7	11.5	3.5	6.3
UK		Shell PLC LSE:SHEL	163.1B GBP	0.7	11.5	41.8	75.7
CN		PetroChina Co Ltd SSE:601857	1.5T CNY	0.5	9	5.6	5.6
FR		TotalEnergies SE PAR:TTE	132.6B EUR	0.7	6.9	3.4	4.7
CN		China Petroleum & Chemical Corp SSE:600028	752.4B CNY	0.2	12.3	11.6	11.6
UK		BP PLC LSE:BP	62.6B GBP	0.4	11	63	110.7
NO		Equinor ASA OSE:EQNR	768.9B NOK	0.7	7.3	1.4	1.9

				Revenue Growth
BR		Petroleo Brasileiro SA Petrobras NYSE:PBR.A	Average P/S: 1 0.9	3%
SA		Saudi Arabian Oil Co SAU:2222	3.6	-4%
US		Exxon Mobil Corp NYSE:XOM	1.5	1%
US		Chevron Corp NYSE:CVX	1.4	0%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	0.7	2%
UK		Shell PLC LSE:SHEL	0.7	2%
CN		PetroChina Co Ltd SSE:601857	0.5	5%
FR		TotalEnergies SE PAR:TTE	0.7	0%
CN		China Petroleum & Chemical Corp SSE:600028	0.2	4%
UK		BP PLC LSE:BP	0.4	-1%
NO		Equinor ASA OSE:EQNR	0.7	-16%

				Earnings Growth
BR		Petroleo Brasileiro SA Petrobras NYSE:PBR.A	Average P/E: 11 5.9	1%
SA		Saudi Arabian Oil Co SAU:2222	15.4	0%
US		Exxon Mobil Corp NYSE:XOM	15.2	22%
US		Chevron Corp NYSE:CVX	14.6	21%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	11.5	40%
UK		Shell PLC LSE:SHEL	11.5	40%
CN		PetroChina Co Ltd SSE:601857	9	14%
FR		TotalEnergies SE PAR:TTE	6.9	1%
CN		China Petroleum & Chemical Corp SSE:600028	12.3	2%
UK		BP PLC LSE:BP	11	-5%
NO		Equinor ASA OSE:EQNR	7.3	-20%

				EBITDA Growth
BR		Petroleo Brasileiro SA Petrobras NYSE:PBR.A	Average EV/EBITDA: 14.1 2.7	8%
SA		Saudi Arabian Oil Co SAU:2222	7.1	0%
US		Exxon Mobil Corp NYSE:XOM	7.8	23%
US		Chevron Corp NYSE:CVX	7	34%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.5	-14%
UK		Shell PLC LSE:SHEL	41.8	-14%
CN		PetroChina Co Ltd SSE:601857	5.6	83%
FR		TotalEnergies SE PAR:TTE	3.4	-9%
CN		China Petroleum & Chemical Corp SSE:600028	11.6	174%
UK		BP PLC LSE:BP	63	-12%
NO		Equinor ASA OSE:EQNR	1.4	-21%

				EBIT Growth
BR		Petroleo Brasileiro SA Petrobras NYSE:PBR.A	Average EV/EBIT: 23 3.7	2%
SA		Saudi Arabian Oil Co SAU:2222	7.9	-1%
US		Exxon Mobil Corp NYSE:XOM	11.7	13%
US		Chevron Corp NYSE:CVX	12.6	33%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.3	-8%
UK		Shell PLC LSE:SHEL	75.7	-8%
CN		PetroChina Co Ltd SSE:601857	5.6	-1%
FR		TotalEnergies SE PAR:TTE	4.7	-16%
CN		China Petroleum & Chemical Corp SSE:600028	11.6	25%
UK		BP PLC LSE:BP	110.7	-19%
NO		Equinor ASA OSE:EQNR	1.9	-26%

US	Fubotv Inc NYSE:FUBO	Media
US	Bank of America Corp NYSE:BAC	Banking
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Uber Technologies Inc NYSE:UBER	Road & Rail
CN	NIO Inc NYSE:NIO	Automobiles
US	Fluor Corp NYSE:FLR	Construction
US	Jacobs Engineering Group Inc NYSE:J	Professional Services
US	TopBuild Corp NYSE:BLD	Consumer products
US	Abbott Laboratories NYSE:ABT	Health Care
US	Chevron Corp NYSE:CVX	Energy
US	Occidental Petroleum Corp NYSE:OXY	Energy
US	Matrix Service Co NASDAQ:MTRX	Construction
US	Automatic Data Processing Inc NASDAQ:ADP	Technology
US	Qualcomm Inc NASDAQ:QCOM	Semiconductors
US	PayPal Holdings Inc NASDAQ:PYPL	Technology
US	Ambarella Inc NASDAQ:AMBA	Semiconductors

Petroleo Brasileiro SA Petrobras
NYSE:PBR.A

Relative Value

Valuation Multiples

Multiples Across Competitors

PBR.A Competitors Multiples
Petroleo Brasileiro SA Petrobras Competitors

See Also

Company

Help

Tools

Stocks

52 Week Range	12.3 17.22
Price Target

Petroleo Brasileiro SA Petrobras NYSE:PBR.A

Relative Value

Valuation Multiples

Multiples Across Competitors

PBR.A Competitors Multiples Petroleo Brasileiro SA Petrobras Competitors

See Also

Company

Help

Tools

Stocks

Petroleo Brasileiro SA Petrobras
NYSE:PBR.A

PBR.A Competitors Multiples
Petroleo Brasileiro SA Petrobras Competitors