Petroleo Brasileiro S.A.- Petrobras
Find Ratings ReportsPETROLEO BRASILEIRO SA- PETR's gross profit margin for the third quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the subsector, the net income growth did not. PETROLEO BRASILEIRO SA- PETR has weak liquidity. Currently, the Quick Ratio is 0.64 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 11.88% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 25552.0 | 32411.0 |
EBITDA ($mil) | 14008.0 | 17216.0 |
EBIT ($mil) | 10813.0 | 14220.0 |
Net Income ($mil) | 5456.0 | 8763.0 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
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Cash & Equiv. ($mil) | 13409.0 | 6785.0 |
Total Assets ($mil) | 204788.0 | 175262.0 |
Total Debt ($mil) | 60997.0 | 53831.0 |
Equity ($mil) | 77084.0 | 68898.0 |
Profitability | Q3 FY23 | Q3 FY22 |
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Gross Profit Margin | 63.27 | 58.9 |
EBITDA Margin | 54.82 | 53.11 |
Operating Margin | 42.32 | 43.87 |
Sales Turnover | 0.52 | 0.68 |
Return on Assets | 13.12 | 19.4 |
Return on Equity | 34.86 | 49.37 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 0.95 | 1.17 |
Debt/Capital | 0.44 | 0.44 |
Interest Expense | 1285.0 | 910.0 |
Interest Coverage | 8.41 | 15.63 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 6507.73 | 6522.1 |
Div / share | 0.47 | 2.59 |
EPS | 0.84 | 1.35 |
Book value / share | 11.85 | 10.56 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1.7646054E7 | 1.794228E7 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 10.08 for the Petroleum and Coal Products Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.23 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.66. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, PETROLEO BRASILEIRO SA- PETR proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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PBR 3.54 | Peers 10.08 | PBR 2.14 | Peers 5.50 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PBR is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. PBR is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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PBR 2.32 | Peers 8.33 | PBR 0.16 | Peers 0.44 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. PBR is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. PBR trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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PBR 1.23 | Peers 1.66 | PBR -20.93 | Peers 15.58 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. PBR is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PBR is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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PBR 0.90 | Peers 0.93 | PBR -10.87 | Peers -15.91 | |||||||||||||||||||||
Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. PBR is trading at a valuation on par with its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. PBR has a sales growth rate that significantly exceeds its peers. |
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