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PBR - Petróleo Brasileiro ...

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Petróleo Brasileiro S.A. - Petrobras

PBR

NYSE

Petróleo 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.

11.8 USD

0.15 (1.27%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

53.68B

83.97B

124.47B

102.41B

91.42B

108.83B

129.56B

154.24B

183.62B

218.59B

Revenue %

-

56.41

48.24

-17.73

-10.73

19.05

19.05

19.05

19.05

Ebitda

16.99B

44.9B

70.05B

52.3B

25.52B

47.97B

57.11B

67.98B

80.93B

96.35B

Ebitda %

31.65

53.47

56.28

51.07

27.92

44.08

44.08

44.08

44.08

Ebit

5.54B

33.2B

56.84B

39.02B

13.04B

32.19B

38.32B

45.62B

54.31B

64.66B

Ebit %

10.33

39.54

45.66

38.1

14.27

29.58

29.58

29.58

29.58

Depreciation

11.45B

11.7B

13.22B

13.28B

12.48B

15.78B

18.78B

22.36B

26.62B

31.69B

Depreciation %

21.32

13.93

10.62

12.97

13.65

14.5

14.5

14.5

14.5

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

12.37B

11.12B

10.77B

15.55B

7.53B

14.88B

17.71B

21.09B

25.1B

29.88B

Total Cash %

23.04

13.24

8.65

15.18

8.24

13.67

13.67

13.67

13.67

Receivables

7.33B

7.71B

6.32B

7.31B

5.53B

8.95B

10.65B

12.68B

15.09B

17.97B

Receivables %

13.65

9.19

5.07

7.14

6.05

8.22

8.22

8.22

8.22

Inventories

5.68B

7.25B

8.78B

7.68B

6.71B

8.95B

10.65B

12.68B

15.1B

17.97B

Inventories %

10.58

8.64

7.05

7.5

7.34

8.22

8.22

8.22

8.22

Payable

6.86B

5.48B

5.46B

4.81B

6.08B

7.63B

9.08B

10.81B

12.87B

15.32B

Payable %

12.78

6.53

4.39

4.7

6.65

7.01

7.01

7.01

7.01

Cap Ex

-5.87B

-6.33B

-9.58B

-12.11B

-14.64B

-11.76B

-14B

-16.66B

-19.84B

-23.62B

Cap Ex %

-10.94

-7.53

-7.7

-11.83

-16.02

-10.8

-10.8

-10.8

-10.8

Weighted Average Cost Of Capital

Price

11.8

Beta

Diluted Shares Outstanding

1.61B

Costof Debt

6.37

Tax Rate

After Tax Cost Of Debt

3.88

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

60.31B

Total Equity

19.03B

Total Capital

79.34B

Debt Weighting

76.02

Equity Weighting

23.98

Wacc

3.95

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

53.68B

83.97B

124.47B

102.41B

91.42B

108.83B

129.56B

154.24B

183.62B

218.59B

Ebitda

16.99B

44.9B

70.05B

52.3B

25.52B

47.97B

57.11B

67.98B

80.93B

96.35B

Ebit

5.54B

33.2B

56.84B

39.02B

13.04B

32.19B

38.32B

45.62B

54.31B

64.66B

Tax Rate

39.06

39.06

39.06

39.06

39.06

39.06

39.06

39.06

39.06

39.06

Ebiat

-27.99B

23.38B

38.89B

27.43B

7.95B

17.39B

20.7B

24.64B

29.34B

34.93B

Depreciation

11.45B

11.7B

13.22B

13.28B

12.48B

15.78B

18.78B

22.36B

26.62B

31.69B

Receivables

7.33B

7.71B

6.32B

7.31B

5.53B

8.95B

10.65B

12.68B

15.09B

17.97B

Inventories

5.68B

7.25B

8.78B

7.68B

6.71B

8.95B

10.65B

12.68B

15.1B

17.97B

Payable

6.86B

5.48B

5.46B

4.81B

6.08B

7.63B

9.08B

10.81B

12.87B

15.32B

Cap Ex

-5.87B

-6.33B

-9.58B

-12.11B

-14.64B

-11.76B

-14B

-16.66B

-19.84B

-23.62B

Ufcf

-28.57B

25.41B

42.38B

28.05B

9.81B

17.3B

23.53B

28.01B

33.35B

39.7B

Wacc

3.95

3.95

3.95

3.95

3.95

Pv Ufcf

16.65B

21.78B

24.94B

28.56B

32.71B

Sum Pv Ufcf

124.64B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

3.95

Free Cash Flow T1

40.49B

Terminal Value

2.08T

Present Terminal Value

1.71T

Intrinsic Value

Enterprise Value

1.84T

Net Debt

57.04B

Equity Value

1.78T

Diluted Shares Outstanding

1.61B

Equity Value Per Share

1.1k

Projected DCF

1103.66 0.989%

DCF Levered

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