Petroleo Brasileiro S.A., or Petrobras S.A., is the largest integrated energy firm in Brazil

Hidden gem from Latin America

Brazilian state oil company Pertobras shows incredible performance this year.

Petroleo Brasileiro S.A., or Petrobras S.A., (PBR) is the largest integrated energy firm in Brazil and one of the largest in Latin America. The company’s activities include: exploration, exploitation and production of oil from reservoir wells, shale and other rocks, as well as refining, processing, trading and transportation of oil and oil products, natural gas and other fluid hydrocarbons, in addition to other energy-related activities. The company operates in five segments: Exploration and Production, Refining, Transportation and Marketing, Distribution, Gas and Power. Petrobras has a total of 7,028 megawatts (MW) of installed capacity. Biofuels: The unit deals with renewable energy programs, including biodiesel, agricultural supplies, vegetable oil extraction and ethanol.

Let’s look at figures

Key Statistics

OVERVIEW:

Market Capitalization, $K100,570,800
Shares Outstanding, K6,522,101
Annual Sales, $83,966 M
Annual Net Income, $19,875 M
Last Quarter Sales, $27,189 M
Last Quarter Net Income, $8,605 M
60-Month Beta1.44
% of Institutional Shareholders11.89%
Float, K6,522,101
% Float100.00%
Short Volume Ratio0.43

GROWTH:

1-Year Return72.61%
3-Year Return12.68%
5-Year Return91.75%
5-Year Revenue Growth3.15%
5-Year Earnings Growth510.26%
5-Year Dividend Growth0.00%

PER-SHARE INFORMATION:

Most Recent Earnings1.29 on 05/05/22
Next Earnings Date05/13/22
Earnings Per Share ttm3.64
EPS Growth vs. Prev Qtr98.46%
EPS Growth vs. Prev Year4,200.00%
Annual Dividend Rate, $2.59
Annual Dividend Yield17.18%
Most Recent Dividend0.561 on 05/24/22
Next Ex-Dividends Date05/24/22
Dividend Payable Date06/27/22
Dividend Payout Ratio45.53%
Most Recent Split2-1 on 05/08/08

The board of directors of PBR announced a dividend of $1.2984 per share on May 17, increasing $0.5894 from the previous dividend. This represents a dividend yield of 28.6%.

PBR paid an annual dividend of $0.61 on September 1, 2021. Its $0.91 annual dividend yields 4% at the current share price. Also, it has a four-year average dividend yield of 4%.

For the first quarter ending March 31, 2022, PBR’s sales revenues increased 64.4% year-over-year to R$141.64 billion ($29.01 billion). The operating income improved 93.3% from its year-ago value to R$63.58 billion ($13.02 billion), while its net income grew 3409.6% from its prior-year quarter to R$44.78 billion ($9.17 billion).

The consensus EPS estimate of $0.94 for the third quarter ending September 2022 represents a 99.1% improvement year-over-year. Analysts expect revenue to increase 54.9% year-over-year to $32.84 billion for the second quarter ending June 2022. The company’s shares have surged 40.4% year-to-date and 52.7% over the past nine months.

PBR’s strong fundamentals are reflected in its POWR Ratings. The stock has an overall B rating, which equates to Buy in our POWR Ratings system. PBR has an A grade for Quality and Momentum. Within the A-rated Foreign Oil & Gas industry, it is ranked #15 of 41 stocks.

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