PETROLEO BRASILEIRO-SPON ADR (PBR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PBR - US71654V4086 - ADR
12.32 USD
+0.08 (+0.65%)
12.23 USD
-0.09 (-0.73%)
Taking everything into account, PBR scores 5 out of 10 in our fundamental rating. PBR was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. PBR has an excellent profitability rating, but there are concerns on its financial health. PBR has a bad growth rate and is valued cheaply.
1. Profitability
1.1 Basic Checks
In the past year PBR was profitable.
In the past year PBR had a positive cash flow from operations.
In the past 5 years PBR has always been profitable.
In the past 5 years PBR always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of PBR (6.59%) is better than 75.12% of its industry peers.
With an excellent Return On Equity value of 19.38%, PBR belongs to the best of the industry, outperforming 87.08% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 10.06%, PBR belongs to the top of the industry, outperforming 83.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PBR is below the industry average of 20.87%.
The last Return On Invested Capital (10.06%) for PBR is well below the 3 year average (17.44%), which needs to be investigated, but indicates that PBR had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.59% | ||
| ROE | 19.38% | ||
| ROIC | 10.06% |
ROA(3y)11.46%
ROA(5y)9.22%
ROE(3y)31.56%
ROE(5y)24.91%
ROIC(3y)17.44%
ROIC(5y)14.59%
1.3 Margins
The Profit Margin of PBR (15.69%) is better than 67.46% of its industry peers.
In the last couple of years the Profit Margin of PBR has declined.
PBR's Operating Margin of 29.39% is fine compared to the rest of the industry. PBR outperforms 72.25% of its industry peers.
In the last couple of years the Operating Margin of PBR has grown nicely.
PBR has a Gross Margin (43.62%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of PBR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.39% | ||
| PM (TTM) | 15.69% | ||
| GM | 43.62% |
OM growth 3Y-6.15%
OM growth 5Y4.54%
PM growth 3Y-31.85%
PM growth 5Y-10.9%
GM growth 3Y0.92%
GM growth 5Y5.33%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PBR is creating value.
PBR has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, PBR has less shares outstanding
PBR has a worse debt/assets ratio than last year.
2.2 Solvency
PBR has an Altman-Z score of 1.28. This is a bad value and indicates that PBR is not financially healthy and even has some risk of bankruptcy.
PBR has a Altman-Z score of 1.28. This is comparable to the rest of the industry: PBR outperforms 50.72% of its industry peers.
The Debt to FCF ratio of PBR is 3.53, which is a good value as it means it would take PBR, 3.53 years of fcf income to pay off all of its debts.
PBR has a better Debt to FCF ratio (3.53) than 72.73% of its industry peers.
A Debt/Equity ratio of 0.77 indicates that PBR is somewhat dependend on debt financing.
PBR has a worse Debt to Equity ratio (0.77) than 66.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 3.53 | ||
| Altman-Z | 1.28 |
ROIC/WACC1.5
WACC6.72%
2.3 Liquidity
PBR has a Current Ratio of 0.76. This is a bad value and indicates that PBR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of PBR (0.76) is worse than 71.29% of its industry peers.
A Quick Ratio of 0.51 indicates that PBR may have some problems paying its short term obligations.
With a Quick ratio value of 0.51, PBR is not doing good in the industry: 83.73% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The earnings per share for PBR have decreased strongly by -17.37% in the last year.
Measured over the past years, PBR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.66% on average per year.
The Revenue has decreased by -4.13% in the past year.
PBR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.18% yearly.
EPS 1Y (TTM)-17.37%
EPS 3Y3.04%
EPS 5Y16.66%
EPS Q2Q%-12.39%
Revenue 1Y (TTM)-4.13%
Revenue growth 3Y2.73%
Revenue growth 5Y10.18%
Sales Q2Q%-1.28%
3.2 Future
The Earnings Per Share is expected to grow by 1.60% on average over the next years.
PBR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.71% yearly.
EPS Next Y24.05%
EPS Next 2Y-2.67%
EPS Next 3Y0.26%
EPS Next 5Y1.6%
Revenue Next Year-1.86%
Revenue Next 2Y-1.47%
Revenue Next 3Y0.03%
Revenue Next 5Y-3.71%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 4.65, the valuation of PBR can be described as very cheap.
Based on the Price/Earnings ratio, PBR is valued cheaper than 94.26% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.29. PBR is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 5.09, the valuation of PBR can be described as very cheap.
Based on the Price/Forward Earnings ratio, PBR is valued cheaply inside the industry as 95.69% of the companies are valued more expensively.
PBR is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.65 | ||
| Fwd PE | 5.09 |
4.2 Price Multiples
PBR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PBR is cheaper than 87.56% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PBR is valued cheaper than 93.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.13 | ||
| EV/EBITDA | 3.38 |
4.3 Compensation for Growth
PBR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of PBR may justify a higher PE ratio.
PEG (NY)0.19
PEG (5Y)0.28
EPS Next 2Y-2.67%
EPS Next 3Y0.26%
5. Dividend
5.1 Amount
PBR has a Yearly Dividend Yield of 3.74%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.71, PBR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, PBR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
5.2 History
The dividend of PBR is nicely growing with an annual growth rate of 68.55%!
PBR has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)68.55%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PBR pays out 92.83% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PBR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP92.83%
EPS Next 2Y-2.67%
EPS Next 3Y0.26%
12.32
+0.08 (+0.65%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.63%
Inst Owner Change-2.73%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap79.39B
Revenue(TTM)490.83B
Net Income(TTM)77.37B
Analysts78.95
Price Target15.41 (25.08%)
Short Float %0.8%
Short Ratio0.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.74% |
Yearly Dividend2.92
Dividend Growth(5Y)68.55%
DP92.83%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.5%
Min EPS beat(2)-25.5%
Max EPS beat(2)10.49%
EPS beat(4)2
Avg EPS beat(4)-4.81%
Min EPS beat(4)-25.5%
Max EPS beat(4)14.05%
EPS beat(8)3
Avg EPS beat(8)-8.25%
EPS beat(12)5
Avg EPS beat(12)-3.16%
EPS beat(16)7
Avg EPS beat(16)-3.06%
Revenue beat(2)0
Avg Revenue beat(2)-2.51%
Min Revenue beat(2)-4.3%
Max Revenue beat(2)-0.71%
Revenue beat(4)1
Avg Revenue beat(4)-3.06%
Min Revenue beat(4)-7.91%
Max Revenue beat(4)0.67%
Revenue beat(8)1
Avg Revenue beat(8)-4.93%
Revenue beat(12)2
Avg Revenue beat(12)-3.68%
Revenue beat(16)3
Avg Revenue beat(16)-2.89%
PT rev (1m)-1.39%
PT rev (3m)-4.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.46%
EPS NY rev (1m)3.1%
EPS NY rev (3m)4.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)6.35%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)4.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.65 | ||
| Fwd PE | 5.09 | ||
| P/S | 0.88 | ||
| P/FCF | 4.13 | ||
| P/OCF | 2.15 | ||
| P/B | 1.09 | ||
| P/tB | 1.12 | ||
| EV/EBITDA | 3.38 |
EPS(TTM)2.65
EY21.51%
EPS(NY)2.42
Fwd EY19.64%
FCF(TTM)2.99
FCFY24.23%
OCF(TTM)5.74
OCFY46.6%
SpS14
BVpS11.34
TBVpS10.96
PEG (NY)0.19
PEG (5Y)0.28
Graham Number26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.59% | ||
| ROE | 19.38% | ||
| ROCE | 14.56% | ||
| ROIC | 10.06% | ||
| ROICexc | 10.61% | ||
| ROICexgc | 10.76% | ||
| OM | 29.39% | ||
| PM (TTM) | 15.69% | ||
| GM | 43.62% | ||
| FCFM | 21.32% |
ROA(3y)11.46%
ROA(5y)9.22%
ROE(3y)31.56%
ROE(5y)24.91%
ROIC(3y)17.44%
ROIC(5y)14.59%
ROICexc(3y)18.75%
ROICexc(5y)15.7%
ROICexgc(3y)19.11%
ROICexgc(5y)16.14%
ROCE(3y)25.25%
ROCE(5y)21.12%
ROICexgc growth 3Y-7.85%
ROICexgc growth 5Y10.24%
ROICexc growth 3Y-7.66%
ROICexc growth 5Y12.26%
OM growth 3Y-6.15%
OM growth 5Y4.54%
PM growth 3Y-31.85%
PM growth 5Y-10.9%
GM growth 3Y0.92%
GM growth 5Y5.33%
F-Score3
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 3.53 | ||
| Debt/EBITDA | 1.4 | ||
| Cap/Depr | 131.19% | ||
| Cap/Sales | 19.67% | ||
| Interest Coverage | 14.18 | ||
| Cash Conversion | 92.35% | ||
| Profit Quality | 135.88% | ||
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.51 | ||
| Altman-Z | 1.28 |
F-Score3
WACC6.72%
ROIC/WACC1.5
Cap/Depr(3y)94.35%
Cap/Depr(5y)77.72%
Cap/Sales(3y)11.93%
Cap/Sales(5y)10.87%
Profit Quality(3y)191.06%
Profit Quality(5y)478.72%
High Growth Momentum
Growth
EPS 1Y (TTM)-17.37%
EPS 3Y3.04%
EPS 5Y16.66%
EPS Q2Q%-12.39%
EPS Next Y24.05%
EPS Next 2Y-2.67%
EPS Next 3Y0.26%
EPS Next 5Y1.6%
Revenue 1Y (TTM)-4.13%
Revenue growth 3Y2.73%
Revenue growth 5Y10.18%
Sales Q2Q%-1.28%
Revenue Next Year-1.86%
Revenue Next 2Y-1.47%
Revenue Next 3Y0.03%
Revenue Next 5Y-3.71%
EBIT growth 1Y-19%
EBIT growth 3Y-3.58%
EBIT growth 5Y15.19%
EBIT Next Year36.32%
EBIT Next 3Y11.47%
EBIT Next 5Y9.5%
FCF growth 1Y-40.39%
FCF growth 3Y-9.76%
FCF growth 5Y12.88%
OCF growth 1Y-12.98%
OCF growth 3Y0.15%
OCF growth 5Y14.93%
PETROLEO BRASILEIRO-SPON ADR / PBR FAQ
Can you provide the ChartMill fundamental rating for PETROLEO BRASILEIRO-SPON ADR?
ChartMill assigns a fundamental rating of 5 / 10 to PBR.
What is the valuation status for PBR stock?
ChartMill assigns a valuation rating of 9 / 10 to PETROLEO BRASILEIRO-SPON ADR (PBR). This can be considered as Undervalued.
What is the profitability of PBR stock?
PETROLEO BRASILEIRO-SPON ADR (PBR) has a profitability rating of 7 / 10.
How financially healthy is PETROLEO BRASILEIRO-SPON ADR?
The financial health rating of PETROLEO BRASILEIRO-SPON ADR (PBR) is 3 / 10.
Is the dividend of PETROLEO BRASILEIRO-SPON ADR sustainable?
The dividend rating of PETROLEO BRASILEIRO-SPON ADR (PBR) is 4 / 10 and the dividend payout ratio is 92.83%.