Petróleo Brasileiro S.A. - Petrobras (PBR) 10-Year Financial Performance & Capital Metrics

PBR • • Industrial / General

EnergyIntegrated Oil & GasRegional Integrated PlayersAmericas Regional Leaders

AboutPetróleo Brasileiro S.A. - Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, marketing, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The Gas and Power segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of LNG; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer production and natural gas processing business. The Corporate and Other Businesses segment produces biodiesel and its co-products, and ethanol; and distributes oil products. Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio de Janeiro, Brazil.Show more

Revenue $91.42B -13.4%
EBITDA $38.17B -32.3%
Net Income $7.53B -70.7%
EPS (Diluted) 2.34 -70.3%
Gross Margin 50.29% -4.6%
EBITDA Margin 41.75% -21.8%
Operating Margin 28.1% -37.5%
Net Margin 8.23% -66.2%
ROE 10.88% -68.5%
ROIC 15.71% -46.1%
Debt/Equity 1.02 +28.2%
Interest Coverage 8.08 -48.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.6%
✓FCF machine: 25.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 17.6%
✓Trading at only 0.7x book value

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-4.42%

5Y3.6%

3Y2.87%

TTM-11.57%

Profit (Net Income) CAGR

10Y-

5Y-5.8%

3Y-27.65%

TTM-15.77%

EPS CAGR

10Y-

5Y42.37%

3Y-27.26%

TTM33.52%

ROCE

10Y Avg14.83%

5Y Avg21.8%

3Y Avg26.08%

Latest15.41%

Peer Comparison

Americas Regional Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PBR-APetróleo Brasileiro S.A. - Petrobras	32.35B	11.88	11.31	-13.38%	16.15%	17.47%	72.14%	1.02
CVECenovus Energy Inc.	34.13B	18.09	10.83	4.06%	5.66%	11.07%	12.37%	0.36
IMOImperial Oil Limited	47.84B	96.28	10.67	1.01%	8.65%	23.51%	8.6%	0.18
SUSuncor Energy Inc.	58.83B	48.97	10.38	3.25%	10.49%	11.65%	16.11%	0.33
PBRPetróleo Brasileiro S.A. - Petrobras	46.92B	12.61	5.39	-13.38%	16.15%	17.47%	49.74%	1.02
YPFYPF Sociedad Anónima	13.23B	33.72	0.01	265.66%	-3.65%	-3.63%	3.6%	0.82
ECEcopetrol S.A.	24.01B	11.68	0.00	-6.89%	8.2%	9.63%	100%	1.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	97.31B	81.41B	77.88B	84.64B	76.59B	53.68B	83.97B	124.47B	105.54B	91.42B
Revenue Growth %	-0.32%	-0.16%	-0.04%	0.09%	-0.1%	-0.3%	0.56%	0.48%	-0.15%	-0.13%
Cost of Goods Sold+	67.48B	55.42B	51.2B	52.18B	45.73B	29.2B	43.16B	59.49B	49.9B	45.44B
COGS % of Revenue	0.69%	0.68%	0.66%	0.62%	0.6%	0.54%	0.51%	0.48%	0.47%	0.5%
Gross Profit+	29.83B	25.99B	26.69B	32.45B	30.86B	24.49B	40.8B	64.99B	55.64B	45.97B
Gross Margin %	0.31%	0.32%	0.34%	0.38%	0.4%	0.46%	0.49%	0.52%	0.53%	0.5%
Gross Profit Growth %	-0.13%	-0.13%	0.03%	0.22%	-0.05%	-0.21%	0.67%	0.59%	-0.14%	-0.17%
Operating Expenses+	15.13B	10.3B	16.98B	9.68B	9.94B	4.44B	9.8B	11.72B	8.15B	20.28B
OpEx % of Revenue	0.16%	0.13%	0.22%	0.11%	0.13%	0.08%	0.12%	0.09%	0.08%	0.22%
Selling, General & Admin	9.34B	8.79B	8.99B	5.7B	7.26B	4.52B	6.78B	7B	6.83B	9.03B
SG&A % of Revenue	0.1%	0.11%	0.12%	0.07%	0.09%	0.08%	0.08%	0.06%	0.06%	0.1%
Research & Development	630M	523M	572M	641M	576M	355M	563M	792M	746.02M	789M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	5.16B	983M	7.42B	863M	2.1B	-433M	2.46B	3.93B	578.22M	10.46B
Operating Income+	14.7B	15.69B	9.71B	22.77B	20.92B	20.05B	31B	53.27B	47.49B	25.69B
Operating Margin %	0.15%	0.19%	0.12%	0.27%	0.27%	0.37%	0.37%	0.43%	0.45%	0.28%
Operating Income Growth %	0.03%	0.07%	-0.38%	1.35%	-0.08%	-0.04%	0.55%	0.72%	-0.11%	-0.46%
EBITDA+	26.3B	29.66B	22.88B	34.69B	35.75B	31.5B	42.7B	66.48B	56.37B	38.17B
EBITDA Margin %	0.27%	0.36%	0.29%	0.41%	0.47%	0.59%	0.51%	0.53%	0.53%	0.42%
EBITDA Growth %	-0.04%	0.13%	-0.23%	0.52%	0.03%	-0.12%	0.36%	0.56%	-0.15%	-0.32%
D&A (Non-Cash Add-back)	11.59B	13.96B	13.17B	11.91B	14.84B	11.45B	11.7B	13.22B	8.88B	12.48B
EBIT	-4.66B	2.32B	7.33B	16.25B	18.69B	5.54B	33.2B	56.72B	42.04B	14.98B
Net Interest Income+	-4.42B	-5.46B	-4.8B	-3.79B	-4.86B	-3.93B	-2.97B	-1.71B	-1.4B	-1.68B
Interest Income	693.05M	549.37M	603.27M	560.95M	560.75M	278.01M	316.15M	1.15B	1.65B	1.5B
Interest Expense	5.11B	6.01B	5.41B	4.35B	5.42B	4.21B	3.28B	2.86B	3.05B	3.18B
Other Income/Expense	-24.45B	-19.36B	-8.2B	-11.95B	-8.91B	-20.28B	-2.78B	260M	-10.91B	-14.55B
Pretax Income+	-9.75B	-3.67B	1.51B	10.83B	12B	-226M	28.23B	53.52B	36.59B	11.14B
Pretax Margin %	-0.1%	-0.05%	0.02%	0.13%	0.16%	-0%	0.34%	0.43%	0.35%	0.12%
Income Tax+	-1.14B	684M	1.7B	4.26B	4.2B	-1.17B	8.24B	16.77B	10.78B	3.54B
Effective Tax Rate %	0.87%	1.32%	-0.06%	0.66%	0.85%	-5.05%	0.7%	0.68%	0.7%	0.68%
Net Income+	-8.45B	-4.84B	-91M	7.17B	10.15B	1.14B	19.88B	36.62B	25.69B	7.53B
Net Margin %	-0.09%	-0.06%	-0%	0.08%	0.13%	0.02%	0.24%	0.29%	0.24%	0.08%
Net Income Growth %	-0.15%	0.43%	0.98%	79.82%	0.42%	-0.89%	16.42%	0.84%	-0.3%	-0.71%
Net Income (Continuing)	-8.61B	-4.35B	-190M	6.57B	7.8B	948M	19.99B	36.76B	25.8B	7.61B
Discontinued Operations	0	57.73M	0	-514M	2.56B	0	0	0	0	0
Minority Interest	819M	771M	1.7B	1.63B	892M	528M	405M	344M	392M	244M
EPS (Diluted)+	-0.32	-0.22	-0.01	0.34	0.40	0.20	6.08	11.24	7.88	2.34
EPS Growth %	0.27%	0.31%	0.97%	-	0.18%	-0.5%	29.4%	0.85%	-0.3%	-0.7%
EPS (Basic)	-0.32	-0.22	-0.01	0.34	0.40	0.03	6.08	11.24	7.88	2.34
Diluted Shares Outstanding	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	3.26B	3.26B	3.26B	3.22B
Basic Shares Outstanding	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	3.26B	3.26B	3.26B	3.22B
Dividend Payout Ratio	-	-	-	0.09%	0.18%	1.2%	0.66%	1.03%	0.79%	2.43%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	43.18B	44.77B	47.13B	37.06B	27.81B	27.39B	30.15B	31.25B	32.45B	21.84B
Cash & Short-Term Investments	25.84B	21.99B	24.4B	14.98B	8.26B	12.37B	11.12B	10.77B	15.55B	7.53B
Cash Only	25.06B	21.2B	22.52B	13.9B	7.37B	11.71B	10.47B	8B	12.73B	3.27B
Short-Term Investments	780M	784M	1.89B	1.08B	888M	659M	650M	2.77B	2.82B	4.26B
Accounts Receivable	8.3B	7.27B	7.41B	7.78B	7.31B	7.33B	7.71B	6.32B	7.31B	5.53B
Days Sales Outstanding	31.14	32.6	34.72	33.56	34.82	49.81	33.53	18.52	25.29	22.09
Inventory	7.44B	8.47B	8.49B	8.99B	8.19B	5.68B	7.25B	8.78B	7.68B	6.71B
Days Inventory Outstanding	40.25	55.82	60.52	62.86	65.36	70.97	61.35	53.87	56.19	53.89
Other Current Assets	1.49B	6.87B	6.75B	5.31B	4.06B	2.02B	4.06B	5.38B	1.91B	2.06B
Total Non-Current Assets+	187.34B	202.21B	204.24B	185.01B	201.93B	162.62B	144.2B	155.94B	184.62B	159.81B
Property, Plant & Equipment	161.3B	175.47B	176.65B	157.38B	159.26B	124.2B	125.33B	130.17B	153.42B	136.28B
Fixed Asset Turnover	0.60x	0.46x	0.44x	0.54x	0.48x	0.43x	0.67x	0.96x	0.69x	0.67x
Goodwill	284M	220M	218M	203M	63M	24M	22M	24M	25M	20M
Intangible Assets	2.81B	3.05B	2.12B	2.6B	19.41B	14.92B	3B	2.96B	3.02B	2.23B
Long-Term Investments	3.62B	3.14B	3.86B	2.81B	5.56B	3.32B	1.55B	3.13B	3.77B	1.24B
Other Non-Current Assets	13.32B	16.02B	17.95B	19.33B	16.25B	13.71B	13.69B	18.82B	23.42B	19.11B
Total Assets+	230.52B	246.98B	251.37B	222.07B	229.74B	190.01B	174.35B	187.19B	217.07B	181.65B
Asset Turnover	0.42x	0.33x	0.31x	0.38x	0.33x	0.28x	0.48x	0.66x	0.49x	0.50x
Asset Growth %	-0.23%	0.07%	0.02%	-0.12%	0.03%	-0.17%	-0.08%	0.07%	0.16%	-0.16%
Total Current Liabilities+	28.57B	24.9B	24.95B	25.05B	28.82B	26.23B	24.18B	31.38B	33.86B	31.46B
Accounts Payable	6.37B	5.76B	5.77B	6.33B	5.6B	6.86B	5.48B	5.46B	4.81B	6.08B
Days Payables Outstanding	34.47	37.95	41.11	44.25	44.7	85.75	46.36	33.53	35.21	48.85
Short-Term Debt	14.68B	9.76B	7B	3.67B	4.47B	4.19B	3.64B	3.58B	4.32B	2.57B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	2.73B	3.42B	6B	10.16B	7.75B	5.79B	4.89B	6.68B	8.52B	6.93B
Current Ratio	1.51x	1.80x	1.89x	1.48x	0.97x	1.04x	1.25x	1.00x	0.96x	0.69x
Quick Ratio	1.25x	1.46x	1.55x	1.12x	0.68x	0.83x	0.95x	0.72x	0.73x	0.48x
Cash Conversion Cycle	36.92	50.47	54.13	52.16	55.47	35.03	48.52	38.86	46.27	27.13
Total Non-Current Liabilities+	135.89B	144.53B	144.92B	123.84B	126.71B	103.91B	80.36B	85.97B	104.23B	90.83B
Long-Term Debt	111.48B	108.37B	102.05B	80.51B	58.79B	49.7B	32.06B	26.38B	24.48B	20.6B
Capital Lease Obligations	78M	226M	204M	162M	18.12B	15.95B	17.61B	18.29B	26.6B	28.61B
Deferred Tax Liabilities	232M	263M	1.2B	654M	1.76B	195M	1.23B	6.75B	10.91B	1.47B
Other Non-Current Liabilities	24.1B	35.67B	41.47B	42.52B	48.03B	38.06B	29.46B	34.56B	42.24B	40.16B
Total Liabilities	164.47B	169.43B	169.86B	148.89B	155.53B	130.13B	104.54B	117.36B	138.09B	122.3B
Total Debt+	126.26B	118.37B	109.28B	84.36B	87.12B	75.54B	58.74B	53.8B	62.6B	60.31B
Net Debt	101.2B	97.17B	86.76B	70.46B	79.75B	63.83B	48.28B	45.8B	49.87B	57.04B
Debt / Equity	1.91x	1.53x	1.34x	1.15x	1.17x	1.26x	0.84x	0.77x	0.79x	1.02x
Debt / EBITDA	4.80x	3.99x	4.78x	2.43x	2.44x	2.40x	1.38x	0.81x	1.11x	1.58x
Net Debt / EBITDA	3.85x	3.28x	3.79x	2.03x	2.23x	2.03x	1.13x	0.69x	0.88x	1.49x
Interest Coverage	2.88x	2.61x	1.80x	5.23x	3.86x	4.76x	9.45x	18.63x	15.57x	8.08x
Total Equity+	66.06B	77.55B	81.5B	73.17B	74.22B	59.88B	69.81B	69.84B	78.97B	59.35B
Equity Growth %	-0.44%	0.17%	0.05%	-0.1%	0.01%	-0.19%	0.17%	0%	0.13%	-0.25%
Book Value per Share	10.13	11.89	12.50	11.22	11.38	9.18	21.41	21.42	24.26	18.42
Total Shareholders' Equity	65.24B	76.78B	79.8B	71.54B	73.32B	59.35B	69.41B	69.49B	78.58B	59.11B
Common Stock	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-42.19B	-30.95B	-27.3B	-35.56B	-33.78B	-47.75B	-37.69B	-37.61B	-28.52B	-47.99B
Minority Interest	819M	771M	1.7B	1.63B	892M	528M	405M	344M	392M	244M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	25.91B	26.11B	27.11B	26.35B	25.6B	28.89B	37.79B	49.72B	43.21B	37.98B
Operating CF Margin %	0.27%	0.32%	0.35%	0.31%	0.33%	0.54%	0.45%	0.4%	0.41%	0.42%
Operating CF Growth %	-0.03%	0.01%	0.04%	-0.03%	-0.03%	0.13%	0.31%	0.32%	-0.13%	-0.12%
Net Income	-8.61B	-4.35B	169M	7.41B	10.36B	948M	19.99B	36.76B	25.69B	7.61B
Depreciation & Amortization	11.55B	13.93B	13.25B	11.78B	14.84B	11.45B	11.7B	13.22B	13.28B	12.48B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-2.04B	-913M	467M	370M	2.8B	-4.35B	7.25B	16.77B	909.33M	3.54B
Other Non-Cash Items	38.77B	33.35B	28.63B	21.06B	3.96B	19.48B	4.34B	-7.85B	5.71B	18.04B
Working Capital Changes	-2.2B	-1.98B	-2.15B	-2.49B	-6.36B	1.37B	-5.48B	-9.17B	-2.38B	-3.67B
Change in Receivables	230M	1.01B	839M	1.89B	2.23B	1M	-2.08B	355M	88M	1.82B
Change in Inventory	291M	-518M	-336M	-2.11B	-281M	724M	-2.33B	-1.22B	1.56B	-295M
Change in Payables	-1.23B	-1.06B	-62M	858M	-989M	216M	1.07B	-359M	-949.17M	986M
Cash from Investing+	-12.79B	-11.3B	-11.03B	-4.5B	-1.68B	-4.51B	2.16B	-432M	-7.96B	-13.37B
Capital Expenditures	-21.65B	-14.09B	-13.64B	-11.9B	-23.9B	-5.87B	-6.33B	-9.58B	-12.08B	-14.64B
CapEx % of Revenue	0.22%	0.17%	0.18%	0.14%	0.31%	0.11%	0.08%	0.08%	0.11%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.09B	30.03B	-10.1B	6.78B	22.03B	2.24B	8.5B	12.5B	4.02B	1.41B
Cash from Financing+	-3.59B	-19.11B	-14.64B	-29.85B	-32.07B	-19.26B	-40.79B	-51.45B	-30.7B	-33.09B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-625M	-1.88B	-1.37B	-13.08B	-37.7B	-19.67B	-18.33B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.78B	-6.5B	-5.03B	-5.92B	-5.18B	-3.31B	-2.36B	-1.87B	-2.03B	-2.08B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.26B	12.03B	13.47B	14.45B	1.7B	23.02B	31.47B	40.14B	31.1B	23.34B
FCF Margin %	0.04%	0.15%	0.17%	0.17%	0.02%	0.43%	0.37%	0.32%	0.29%	0.26%
FCF Growth %	1.52%	1.82%	0.12%	0.07%	-0.88%	12.51%	0.37%	0.28%	-0.23%	-0.25%
FCF per Share	0.65	1.84	2.07	2.22	0.26	3.53	9.65	12.31	9.55	7.24
FCF Conversion (FCF/Net Income)	-3.07x	-5.40x	-297.93x	3.67x	2.52x	25.32x	1.90x	1.36x	1.68x	5.05x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.23%	-6.74%	-0.11%	9.27%	13.77%	1.7%	30.65%	52.45%	34.52%	10.88%
Return on Invested Capital (ROIC)	5.52%	6.88%	4.25%	10.95%	10.54%	10.83%	19.23%	34.18%	29.14%	15.71%
Gross Margin	30.65%	31.92%	34.26%	38.34%	40.29%	45.62%	48.59%	52.21%	52.72%	50.29%
Net Margin	-8.68%	-5.94%	-0.12%	8.47%	13.25%	2.13%	23.67%	29.42%	24.34%	8.23%
Debt / Equity	1.91x	1.53x	1.34x	1.15x	1.17x	1.26x	0.84x	0.77x	0.79x	1.02x
Interest Coverage	2.88x	2.61x	1.80x	5.23x	3.86x	4.76x	9.45x	18.63x	15.57x	8.08x
FCF Conversion	-3.07x	-5.40x	-297.93x	3.67x	2.52x	25.32x	1.90x	1.36x	1.68x	5.05x
Revenue Growth	-32.26%	-16.35%	-4.33%	8.67%	-9.51%	-29.91%	56.41%	48.24%	-15.21%	-13.38%

Revenue by Segment

	2017	2018	2019
Oil Products	113.5B	61.69B	46.91B
Oil Products Growth	-	-45.64%	-23.96%

Revenue by Geography

	2017	2018	2019
Sales Abroad	-	6.64B	2.51B
Sales Abroad Growth	-	-	-62.20%
Foreign Market	18.49B	-	-
Foreign Market Growth	-	-	-

Frequently Asked Questions

Valuation & Price

Petróleo Brasileiro S.A. - Petrobras (PBR) has a price-to-earnings (P/E) ratio of 5.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Petróleo Brasileiro S.A. - Petrobras (PBR) reported $86.40B in revenue for fiscal year 2024. This represents a 41% decrease from $145.91B in 2011.

Petróleo Brasileiro S.A. - Petrobras (PBR) saw revenue decline by 13.4% over the past year.

Yes, Petróleo Brasileiro S.A. - Petrobras (PBR) is profitable, generating $13.96B in net income for fiscal year 2024 (8.2% net margin).

Dividend & Returns

Yes, Petróleo Brasileiro S.A. - Petrobras (PBR) pays a dividend with a yield of 45.11%. This makes it attractive for income-focused investors.

Petróleo Brasileiro S.A. - Petrobras (PBR) has a return on equity (ROE) of 10.9%. This is reasonable for most industries.

Petróleo Brasileiro S.A. - Petrobras (PBR) generated $16.73B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Petróleo Brasileiro S.A. - Petrobras (PBR) 10-Year Financial Performance & Capital Metrics

PBR • • Industrial / General

EnergyIntegrated Oil & GasRegional Integrated PlayersAmericas Regional Leaders

Revenue $91.42B -13.4%
EBITDA $38.17B -32.3%
Net Income $7.53B -70.7%
EPS (Diluted) 2.34 -70.3%
Gross Margin 50.29% -4.6%
EBITDA Margin 41.75% -21.8%
Operating Margin 28.1% -37.5%
Net Margin 8.23% -66.2%
ROE 10.88% -68.5%
ROIC 15.71% -46.1%
Debt/Equity 1.02 +28.2%
Interest Coverage 8.08 -48.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 32.6%
✓FCF machine: 25.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 17.6%
✓Trading at only 0.7x book value

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-4.42%

5Y3.6%

3Y2.87%

TTM-11.57%

Profit (Net Income) CAGR

10Y-

5Y-5.8%

3Y-27.65%

TTM-15.77%

EPS CAGR

10Y-

5Y42.37%

3Y-27.26%

TTM33.52%

ROCE

10Y Avg14.83%

5Y Avg21.8%

3Y Avg26.08%

Latest15.41%

Peer Comparison

Americas Regional Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PBR-APetróleo Brasileiro S.A. - Petrobras	32.35B	11.88	11.31	-13.38%	16.15%	17.47%	72.14%	1.02
CVECenovus Energy Inc.	34.13B	18.09	10.83	4.06%	5.66%	11.07%	12.37%	0.36
IMOImperial Oil Limited	47.84B	96.28	10.67	1.01%	8.65%	23.51%	8.6%	0.18
SUSuncor Energy Inc.	58.83B	48.97	10.38	3.25%	10.49%	11.65%	16.11%	0.33
PBRPetróleo Brasileiro S.A. - Petrobras	46.92B	12.61	5.39	-13.38%	16.15%	17.47%	49.74%	1.02
YPFYPF Sociedad Anónima	13.23B	33.72	0.01	265.66%	-3.65%	-3.63%	3.6%	0.82
ECEcopetrol S.A.	24.01B	11.68	0.00	-6.89%	8.2%	9.63%	100%	1.09

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	97.31B	81.41B	77.88B	84.64B	76.59B	53.68B	83.97B	124.47B	105.54B	91.42B
Revenue Growth %	-0.32%	-0.16%	-0.04%	0.09%	-0.1%	-0.3%	0.56%	0.48%	-0.15%	-0.13%
Cost of Goods Sold+	67.48B	55.42B	51.2B	52.18B	45.73B	29.2B	43.16B	59.49B	49.9B	45.44B
COGS % of Revenue	0.69%	0.68%	0.66%	0.62%	0.6%	0.54%	0.51%	0.48%	0.47%	0.5%
Gross Profit+	29.83B	25.99B	26.69B	32.45B	30.86B	24.49B	40.8B	64.99B	55.64B	45.97B
Gross Margin %	0.31%	0.32%	0.34%	0.38%	0.4%	0.46%	0.49%	0.52%	0.53%	0.5%
Gross Profit Growth %	-0.13%	-0.13%	0.03%	0.22%	-0.05%	-0.21%	0.67%	0.59%	-0.14%	-0.17%
Operating Expenses+	15.13B	10.3B	16.98B	9.68B	9.94B	4.44B	9.8B	11.72B	8.15B	20.28B
OpEx % of Revenue	0.16%	0.13%	0.22%	0.11%	0.13%	0.08%	0.12%	0.09%	0.08%	0.22%
Selling, General & Admin	9.34B	8.79B	8.99B	5.7B	7.26B	4.52B	6.78B	7B	6.83B	9.03B
SG&A % of Revenue	0.1%	0.11%	0.12%	0.07%	0.09%	0.08%	0.08%	0.06%	0.06%	0.1%
Research & Development	630M	523M	572M	641M	576M	355M	563M	792M	746.02M	789M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Other Operating Expenses	5.16B	983M	7.42B	863M	2.1B	-433M	2.46B	3.93B	578.22M	10.46B
Operating Income+	14.7B	15.69B	9.71B	22.77B	20.92B	20.05B	31B	53.27B	47.49B	25.69B
Operating Margin %	0.15%	0.19%	0.12%	0.27%	0.27%	0.37%	0.37%	0.43%	0.45%	0.28%
Operating Income Growth %	0.03%	0.07%	-0.38%	1.35%	-0.08%	-0.04%	0.55%	0.72%	-0.11%	-0.46%
EBITDA+	26.3B	29.66B	22.88B	34.69B	35.75B	31.5B	42.7B	66.48B	56.37B	38.17B
EBITDA Margin %	0.27%	0.36%	0.29%	0.41%	0.47%	0.59%	0.51%	0.53%	0.53%	0.42%
EBITDA Growth %	-0.04%	0.13%	-0.23%	0.52%	0.03%	-0.12%	0.36%	0.56%	-0.15%	-0.32%
D&A (Non-Cash Add-back)	11.59B	13.96B	13.17B	11.91B	14.84B	11.45B	11.7B	13.22B	8.88B	12.48B
EBIT	-4.66B	2.32B	7.33B	16.25B	18.69B	5.54B	33.2B	56.72B	42.04B	14.98B
Net Interest Income+	-4.42B	-5.46B	-4.8B	-3.79B	-4.86B	-3.93B	-2.97B	-1.71B	-1.4B	-1.68B
Interest Income	693.05M	549.37M	603.27M	560.95M	560.75M	278.01M	316.15M	1.15B	1.65B	1.5B
Interest Expense	5.11B	6.01B	5.41B	4.35B	5.42B	4.21B	3.28B	2.86B	3.05B	3.18B
Other Income/Expense	-24.45B	-19.36B	-8.2B	-11.95B	-8.91B	-20.28B	-2.78B	260M	-10.91B	-14.55B
Pretax Income+	-9.75B	-3.67B	1.51B	10.83B	12B	-226M	28.23B	53.52B	36.59B	11.14B
Pretax Margin %	-0.1%	-0.05%	0.02%	0.13%	0.16%	-0%	0.34%	0.43%	0.35%	0.12%
Income Tax+	-1.14B	684M	1.7B	4.26B	4.2B	-1.17B	8.24B	16.77B	10.78B	3.54B
Effective Tax Rate %	0.87%	1.32%	-0.06%	0.66%	0.85%	-5.05%	0.7%	0.68%	0.7%	0.68%
Net Income+	-8.45B	-4.84B	-91M	7.17B	10.15B	1.14B	19.88B	36.62B	25.69B	7.53B
Net Margin %	-0.09%	-0.06%	-0%	0.08%	0.13%	0.02%	0.24%	0.29%	0.24%	0.08%
Net Income Growth %	-0.15%	0.43%	0.98%	79.82%	0.42%	-0.89%	16.42%	0.84%	-0.3%	-0.71%
Net Income (Continuing)	-8.61B	-4.35B	-190M	6.57B	7.8B	948M	19.99B	36.76B	25.8B	7.61B
Discontinued Operations	0	57.73M	0	-514M	2.56B	0	0	0	0	0
Minority Interest	819M	771M	1.7B	1.63B	892M	528M	405M	344M	392M	244M
EPS (Diluted)+	-0.32	-0.22	-0.01	0.34	0.40	0.20	6.08	11.24	7.88	2.34
EPS Growth %	0.27%	0.31%	0.97%	-	0.18%	-0.5%	29.4%	0.85%	-0.3%	-0.7%
EPS (Basic)	-0.32	-0.22	-0.01	0.34	0.40	0.03	6.08	11.24	7.88	2.34
Diluted Shares Outstanding	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	3.26B	3.26B	3.26B	3.22B
Basic Shares Outstanding	6.52B	6.52B	6.52B	6.52B	6.52B	6.52B	3.26B	3.26B	3.26B	3.22B
Dividend Payout Ratio	-	-	-	0.09%	0.18%	1.2%	0.66%	1.03%	0.79%	2.43%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	43.18B	44.77B	47.13B	37.06B	27.81B	27.39B	30.15B	31.25B	32.45B	21.84B
Cash & Short-Term Investments	25.84B	21.99B	24.4B	14.98B	8.26B	12.37B	11.12B	10.77B	15.55B	7.53B
Cash Only	25.06B	21.2B	22.52B	13.9B	7.37B	11.71B	10.47B	8B	12.73B	3.27B
Short-Term Investments	780M	784M	1.89B	1.08B	888M	659M	650M	2.77B	2.82B	4.26B
Accounts Receivable	8.3B	7.27B	7.41B	7.78B	7.31B	7.33B	7.71B	6.32B	7.31B	5.53B
Days Sales Outstanding	31.14	32.6	34.72	33.56	34.82	49.81	33.53	18.52	25.29	22.09
Inventory	7.44B	8.47B	8.49B	8.99B	8.19B	5.68B	7.25B	8.78B	7.68B	6.71B
Days Inventory Outstanding	40.25	55.82	60.52	62.86	65.36	70.97	61.35	53.87	56.19	53.89
Other Current Assets	1.49B	6.87B	6.75B	5.31B	4.06B	2.02B	4.06B	5.38B	1.91B	2.06B
Total Non-Current Assets+	187.34B	202.21B	204.24B	185.01B	201.93B	162.62B	144.2B	155.94B	184.62B	159.81B
Property, Plant & Equipment	161.3B	175.47B	176.65B	157.38B	159.26B	124.2B	125.33B	130.17B	153.42B	136.28B
Fixed Asset Turnover	0.60x	0.46x	0.44x	0.54x	0.48x	0.43x	0.67x	0.96x	0.69x	0.67x
Goodwill	284M	220M	218M	203M	63M	24M	22M	24M	25M	20M
Intangible Assets	2.81B	3.05B	2.12B	2.6B	19.41B	14.92B	3B	2.96B	3.02B	2.23B
Long-Term Investments	3.62B	3.14B	3.86B	2.81B	5.56B	3.32B	1.55B	3.13B	3.77B	1.24B
Other Non-Current Assets	13.32B	16.02B	17.95B	19.33B	16.25B	13.71B	13.69B	18.82B	23.42B	19.11B
Total Assets+	230.52B	246.98B	251.37B	222.07B	229.74B	190.01B	174.35B	187.19B	217.07B	181.65B
Asset Turnover	0.42x	0.33x	0.31x	0.38x	0.33x	0.28x	0.48x	0.66x	0.49x	0.50x
Asset Growth %	-0.23%	0.07%	0.02%	-0.12%	0.03%	-0.17%	-0.08%	0.07%	0.16%	-0.16%
Total Current Liabilities+	28.57B	24.9B	24.95B	25.05B	28.82B	26.23B	24.18B	31.38B	33.86B	31.46B
Accounts Payable	6.37B	5.76B	5.77B	6.33B	5.6B	6.86B	5.48B	5.46B	4.81B	6.08B
Days Payables Outstanding	34.47	37.95	41.11	44.25	44.7	85.75	46.36	33.53	35.21	48.85
Short-Term Debt	14.68B	9.76B	7B	3.67B	4.47B	4.19B	3.64B	3.58B	4.32B	2.57B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	2.73B	3.42B	6B	10.16B	7.75B	5.79B	4.89B	6.68B	8.52B	6.93B
Current Ratio	1.51x	1.80x	1.89x	1.48x	0.97x	1.04x	1.25x	1.00x	0.96x	0.69x
Quick Ratio	1.25x	1.46x	1.55x	1.12x	0.68x	0.83x	0.95x	0.72x	0.73x	0.48x
Cash Conversion Cycle	36.92	50.47	54.13	52.16	55.47	35.03	48.52	38.86	46.27	27.13
Total Non-Current Liabilities+	135.89B	144.53B	144.92B	123.84B	126.71B	103.91B	80.36B	85.97B	104.23B	90.83B
Long-Term Debt	111.48B	108.37B	102.05B	80.51B	58.79B	49.7B	32.06B	26.38B	24.48B	20.6B
Capital Lease Obligations	78M	226M	204M	162M	18.12B	15.95B	17.61B	18.29B	26.6B	28.61B
Deferred Tax Liabilities	232M	263M	1.2B	654M	1.76B	195M	1.23B	6.75B	10.91B	1.47B
Other Non-Current Liabilities	24.1B	35.67B	41.47B	42.52B	48.03B	38.06B	29.46B	34.56B	42.24B	40.16B
Total Liabilities	164.47B	169.43B	169.86B	148.89B	155.53B	130.13B	104.54B	117.36B	138.09B	122.3B
Total Debt+	126.26B	118.37B	109.28B	84.36B	87.12B	75.54B	58.74B	53.8B	62.6B	60.31B
Net Debt	101.2B	97.17B	86.76B	70.46B	79.75B	63.83B	48.28B	45.8B	49.87B	57.04B
Debt / Equity	1.91x	1.53x	1.34x	1.15x	1.17x	1.26x	0.84x	0.77x	0.79x	1.02x
Debt / EBITDA	4.80x	3.99x	4.78x	2.43x	2.44x	2.40x	1.38x	0.81x	1.11x	1.58x
Net Debt / EBITDA	3.85x	3.28x	3.79x	2.03x	2.23x	2.03x	1.13x	0.69x	0.88x	1.49x
Interest Coverage	2.88x	2.61x	1.80x	5.23x	3.86x	4.76x	9.45x	18.63x	15.57x	8.08x
Total Equity+	66.06B	77.55B	81.5B	73.17B	74.22B	59.88B	69.81B	69.84B	78.97B	59.35B
Equity Growth %	-0.44%	0.17%	0.05%	-0.1%	0.01%	-0.19%	0.17%	0%	0.13%	-0.25%
Book Value per Share	10.13	11.89	12.50	11.22	11.38	9.18	21.41	21.42	24.26	18.42
Total Shareholders' Equity	65.24B	76.78B	79.8B	71.54B	73.32B	59.35B	69.41B	69.49B	78.58B	59.11B
Common Stock	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B	107.1B
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-42.19B	-30.95B	-27.3B	-35.56B	-33.78B	-47.75B	-37.69B	-37.61B	-28.52B	-47.99B
Minority Interest	819M	771M	1.7B	1.63B	892M	528M	405M	344M	392M	244M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	25.91B	26.11B	27.11B	26.35B	25.6B	28.89B	37.79B	49.72B	43.21B	37.98B
Operating CF Margin %	0.27%	0.32%	0.35%	0.31%	0.33%	0.54%	0.45%	0.4%	0.41%	0.42%
Operating CF Growth %	-0.03%	0.01%	0.04%	-0.03%	-0.03%	0.13%	0.31%	0.32%	-0.13%	-0.12%
Net Income	-8.61B	-4.35B	169M	7.41B	10.36B	948M	19.99B	36.76B	25.69B	7.61B
Depreciation & Amortization	11.55B	13.93B	13.25B	11.78B	14.84B	11.45B	11.7B	13.22B	13.28B	12.48B
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-2.04B	-913M	467M	370M	2.8B	-4.35B	7.25B	16.77B	909.33M	3.54B
Other Non-Cash Items	38.77B	33.35B	28.63B	21.06B	3.96B	19.48B	4.34B	-7.85B	5.71B	18.04B
Working Capital Changes	-2.2B	-1.98B	-2.15B	-2.49B	-6.36B	1.37B	-5.48B	-9.17B	-2.38B	-3.67B
Change in Receivables	230M	1.01B	839M	1.89B	2.23B	1M	-2.08B	355M	88M	1.82B
Change in Inventory	291M	-518M	-336M	-2.11B	-281M	724M	-2.33B	-1.22B	1.56B	-295M
Change in Payables	-1.23B	-1.06B	-62M	858M	-989M	216M	1.07B	-359M	-949.17M	986M
Cash from Investing+	-12.79B	-11.3B	-11.03B	-4.5B	-1.68B	-4.51B	2.16B	-432M	-7.96B	-13.37B
Capital Expenditures	-21.65B	-14.09B	-13.64B	-11.9B	-23.9B	-5.87B	-6.33B	-9.58B	-12.08B	-14.64B
CapEx % of Revenue	0.22%	0.17%	0.18%	0.14%	0.31%	0.11%	0.08%	0.08%	0.11%	0.16%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.09B	30.03B	-10.1B	6.78B	22.03B	2.24B	8.5B	12.5B	4.02B	1.41B
Cash from Financing+	-3.59B	-19.11B	-14.64B	-29.85B	-32.07B	-19.26B	-40.79B	-51.45B	-30.7B	-33.09B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-625M	-1.88B	-1.37B	-13.08B	-37.7B	-19.67B	-18.33B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-4.78B	-6.5B	-5.03B	-5.92B	-5.18B	-3.31B	-2.36B	-1.87B	-2.03B	-2.08B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.26B	12.03B	13.47B	14.45B	1.7B	23.02B	31.47B	40.14B	31.1B	23.34B
FCF Margin %	0.04%	0.15%	0.17%	0.17%	0.02%	0.43%	0.37%	0.32%	0.29%	0.26%
FCF Growth %	1.52%	1.82%	0.12%	0.07%	-0.88%	12.51%	0.37%	0.28%	-0.23%	-0.25%
FCF per Share	0.65	1.84	2.07	2.22	0.26	3.53	9.65	12.31	9.55	7.24
FCF Conversion (FCF/Net Income)	-3.07x	-5.40x	-297.93x	3.67x	2.52x	25.32x	1.90x	1.36x	1.68x	5.05x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.23%	-6.74%	-0.11%	9.27%	13.77%	1.7%	30.65%	52.45%	34.52%	10.88%
Return on Invested Capital (ROIC)	5.52%	6.88%	4.25%	10.95%	10.54%	10.83%	19.23%	34.18%	29.14%	15.71%
Gross Margin	30.65%	31.92%	34.26%	38.34%	40.29%	45.62%	48.59%	52.21%	52.72%	50.29%
Net Margin	-8.68%	-5.94%	-0.12%	8.47%	13.25%	2.13%	23.67%	29.42%	24.34%	8.23%
Debt / Equity	1.91x	1.53x	1.34x	1.15x	1.17x	1.26x	0.84x	0.77x	0.79x	1.02x
Interest Coverage	2.88x	2.61x	1.80x	5.23x	3.86x	4.76x	9.45x	18.63x	15.57x	8.08x
FCF Conversion	-3.07x	-5.40x	-297.93x	3.67x	2.52x	25.32x	1.90x	1.36x	1.68x	5.05x
Revenue Growth	-32.26%	-16.35%	-4.33%	8.67%	-9.51%	-29.91%	56.41%	48.24%	-15.21%	-13.38%

Revenue by Segment

	2017	2018	2019
Oil Products	113.5B	61.69B	46.91B
Oil Products Growth	-	-45.64%	-23.96%

Revenue by Geography

	2017	2018	2019
Sales Abroad	-	6.64B	2.51B
Sales Abroad Growth	-	-	-62.20%
Foreign Market	18.49B	-	-
Foreign Market Growth	-	-	-

Frequently Asked Questions

Valuation & Price

Petróleo Brasileiro S.A. - Petrobras (PBR) has a price-to-earnings (P/E) ratio of 5.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Petróleo Brasileiro S.A. - Petrobras (PBR) reported $86.40B in revenue for fiscal year 2024. This represents a 41% decrease from $145.91B in 2011.

Petróleo Brasileiro S.A. - Petrobras (PBR) saw revenue decline by 13.4% over the past year.

Yes, Petróleo Brasileiro S.A. - Petrobras (PBR) is profitable, generating $13.96B in net income for fiscal year 2024 (8.2% net margin).

Dividend & Returns

Yes, Petróleo Brasileiro S.A. - Petrobras (PBR) pays a dividend with a yield of 45.11%. This makes it attractive for income-focused investors.

Petróleo Brasileiro S.A. - Petrobras (PBR) has a return on equity (ROE) of 10.9%. This is reasonable for most industries.

Petróleo Brasileiro S.A. - Petrobras (PBR) generated $16.73B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.