Overview Dividends

(PBR-A) Petróleo Brasileiro S.A. - Ratings and Ratios

Exchange: NYSE • Country: Brazil • Currency: USD • Type: Common Stock • ISIN: US71654V1017

Crude Oil, Natural Gas, Refined Products, Fertilizer, Biodiesel

Oil & Gas Exploration & Production
Market Cap in USD: 75,565m

IPO / Inception: 2003-10-07
Return 12m vs S&P 500: -12.1%

EPS (Earnings per Share)

EPS CAGR: 10.34%
EPS Trend: -35.3%

Last SUE: 1.19
Qual. Beats: 1

Revenue

Rev. CAGR: -0.62%
Rev. Trend: -73.9%

Last SUE: -0.70
Qual. Beats: 0

Dividends

Dividend Yield	11.50%
Yield on Cost 5y	40.09%
Yield CAGR 5y	281.71%
Payout Consistency	64.4%
Payout Ratio	34.1%

Risk via 5d forecast
Volatility	30.0%
Value at Risk 5%th	47.1%
Relative Tail Risk	-4.56%

Reward TTM
Sharpe Ratio	0.05
Alpha	-12.05
CAGR/Max DD	0.84

Character TTM
Hurst Exponent	0.638
Beta	0.646
Beta Downside	0.910

Drawdowns 3y
Max DD	28.98%
Mean DD	11.50%
Median DD	12.58%

Description: PBR-A Petróleo Brasileiro S.A. December 02, 2025

Petrobras (NYSE: PBR-A) is Brazil’s integrated oil-and-gas champion, operating three principal segments: (1) Exploration & Production, which discovers and extracts crude oil, natural-gas liquids and gas for domestic refineries; (2) Refining, Transportation & Marketing, covering crude processing, logistics, product trading, fertilizer output and stakes in petrochemicals; and (3) Gas & Low-Carbon Energies, handling natural-gas and electricity logistics, LNG trade, thermoelectric generation, renewable projects, biodiesel and other low-carbon initiatives.

Key recent metrics (as of Q4 2024) include a reported 2024 net production of ≈ 2.9 million boe/d (up 4 % YoY), net debt of ≈ US$ 70 billion (≈ 2.5× EBITDA), and a 2024 capital-expenditure plan of US$ 15 billion focused on deep-water offshore fields and decarbonisation assets. The company’s upstream margin (RVP) has been pressured by lower Brent prices but partially offset by a weaker Brazilian real, which improves export-related cash flows.

Strategic drivers shaping Petrobras’ outlook are: (i) Brazil’s fiscal reforms and the government’s “petro-reform” agenda, which aim to reduce state-level subsidies and increase private-sector participation; (ii) OPEC+ production cuts that have kept global oil prices above US$ 80 /barrel, supporting revenue despite domestic demand softness; and (iii) the accelerating shift toward low-carbon energy in Brazil, where the government’s 10-year renewable-energy target is prompting Petrobras to expand its bio-fuel and offshore wind pipelines.

For a data-driven deep-dive into Petrobras’ valuation sensitivities and scenario analysis, you may find the free tools on ValueRay useful.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (13.96b TTM) > 0 and > 6% of Revenue (6% = 5.18b TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA -6.34pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -7.18% (prev -2.17%; Δ -5.01pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.15 (>3.0%) and CFO 34.09b > Net Income 13.96b (YES >=105%, WARN >=100%)

Net Debt (61.75b) to EBITDA (37.92b) ratio: 1.63 <= 3.0 (WARN <= 3.5)

Current Ratio 0.82 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (6.44b) change vs 12m ago -0.00% (target <= -2.0% for YES)

Gross Margin 48.15% (prev 51.28%; Δ -3.14pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 40.59% (prev 49.38%; Δ -8.79pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 8.58 (EBITDA TTM 37.92b / Interest Expense TTM 3.13b) >= 6 (WARN >= 3)

Altman Z'' 1.42

(A) -0.03 = (Total Current Assets 28.08b - Total Current Liabilities 34.29b) / Total Assets 227.89b

(B) 0.06 = Retained Earnings (Balance) 13.20b / Total Assets 227.89b

(D) 0.54 = Book Value of Equity 79.52b / Total Liabilities 147.99b

Total Rating: 1.42 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 66.78

1. Piotroski 5.50pt

2. FCF Yield 3.50%

3. FCF Margin 19.36%

4. Debt/Equity 0.89

5. Debt/Ebitda 1.63

6. ROIC - WACC (= 13.27)%

7. RoE 19.88%

8. Rev. Trend -73.92%

9. EPS Trend -35.31%

What is the price of PBR-A shares?

As of December 24, 2025, the stock is trading at USD 11.29 with a total of 4,472,829 shares traded.
Over the past week, the price has changed by +0.36%, over one month by -6.54%, over three months by -6.92% and over the past year by +2.84%.

Is PBR-A a buy, sell or hold?

Petróleo Brasileiro S.A. has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy PBR-A.

Strong Buy: 4
Buy: 5
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the PBR-A price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	14.7	30%
Analysts Target Price	14.7	30%
ValueRay Target Price	18.2	60.9%

PBR-A Fundamental Data Overview December 19, 2025

Market Cap BRL = 418.82b (75.56b USD * 5.5425 USD.BRL)
P/E Trailing = 5.2083
P/E Forward = 4.3271
P/S = 0.1538
P/B = 0.9117
P/EG = 0.2091
Beta = 0.052
Revenue TTM = 86.40b BRL
EBIT TTM = 26.87b BRL
EBITDA TTM = 37.92b BRL
Long Term Debt = 25.64b BRL (from longTermDebt, last quarter)
Short Term Debt = 12.07b BRL (from shortTermDebt, last quarter)
Debt = 70.71b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 61.75b BRL (from netDebt column, last quarter)
Enterprise Value = 477.87b BRL (418.82b + Debt 70.71b - CCE 11.66b)
Interest Coverage Ratio = 8.58 (Ebit TTM 26.87b / Interest Expense TTM 3.13b)
FCF Yield = 3.50% (FCF TTM 16.73b / Enterprise Value 477.87b)
FCF Margin = 19.36% (FCF TTM 16.73b / Revenue TTM 86.40b)
Net Margin = 16.15% (Net Income TTM 13.96b / Revenue TTM 86.40b)
Gross Margin = 48.15% ((Revenue TTM 86.40b - Cost of Revenue TTM 44.80b) / Revenue TTM)
Gross Margin QoQ = 47.78% (prev 47.59%)
Tobins Q-Ratio = 2.10 (Enterprise Value 477.87b / Total Assets 227.89b)
Interest Expense / Debt = 1.11% (Interest Expense 783.1m / Debt 70.71b)
Taxrate = 26.92% (2.23b / 8.28b)
NOPAT = 19.63b (EBIT 26.87b * (1 - 26.92%))
Current Ratio = 0.82 (Total Current Assets 28.08b / Total Current Liabilities 34.29b)
Debt / Equity = 0.89 (Debt 70.71b / totalStockholderEquity, last quarter 79.52b)
Debt / EBITDA = 1.63 (Net Debt 61.75b / EBITDA 37.92b)
Debt / FCF = 3.69 (Net Debt 61.75b / FCF TTM 16.73b)
Total Stockholder Equity = 70.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.12% (Net Income 13.96b / Total Assets 227.89b)
RoE = 19.88% (Net Income TTM 13.96b / Total Stockholder Equity 70.18b)
RoCE = 28.04% (EBIT 26.87b / Capital Employed (Equity 70.18b + L.T.Debt 25.64b))
RoIC = 20.58% (NOPAT 19.63b / Invested Capital 95.41b)
WACC = 7.30% (E(418.82b)/V(489.53b) * Re(8.40%) + D(70.71b)/V(489.53b) * Rd(1.11%) * (1-Tc(0.27)))
Discount Rate = 8.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.30%
[DCF Debug] Terminal Value 73.96% ; FCFE base≈20.86b ; Y1≈17.43b ; Y5≈12.91b
Fair Price DCF = 81.67 (DCF Value 222.40b / Shares Outstanding 2.72b; 5y FCF grow -19.88% → 3.0% )
EPS Correlation: -35.31 | EPS CAGR: 10.34% | SUE: 1.19 | # QB: 1
Revenue Correlation: -73.92 | Revenue CAGR: -0.62% | SUE: -0.70 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.52 | Chg30d=-0.039 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=1.81 | Chg30d=-0.239 | Revisions Net=+1 | Growth EPS=-43.1% | Growth Revenue=-1.5%

Additional Sources for PBR-A Stock

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