- Petrobras reported a 4Q adjusted Ebitda of R$66.85 billion, which was below the estimated R$74.45 billion.
- The company’s net income stood at R$31.04 billion, falling short of the estimated R$36.09 billion.
- However, Petrobras surpassed sales estimates, with sales reaching R$134.26 billion against the expected R$129.91 billion.
- The net debt to adjusted Ebitda ratio was reported to be 0.85 times.
- Petrobras also reported a free cash flow of R$39.85 billion.
- The company’s net debt totalled $44.70 billion.
- Recurring net income for the period was R$40.99 billion.
- For the year 2023, Petrobras reported a net income of R$124.6 billion.
- The company received 7 buy ratings, 5 hold ratings, and 1 sell rating.
A look at Petroleo Brasileiro Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Long-Term Outlook for Petroleo Brasileiro
According to Smartkarma’s Smart Scores, Petroleo Brasileiro, also known as Petrobras, has a positive long-term outlook. The company scores a 3 out of 5 for Value, indicating that it may be priced fairly in the market. However, it scores a 5 out of 5 for both Dividend and Growth, suggesting that it has a strong track record of paying dividends and has potential for future growth.
Petrobras also scores a 3 out of 5 for Resilience, meaning it may face some risks and challenges in the future. However, it scores a 4 out of 5 for Momentum, indicating that it has been performing well in the market. Overall, the higher scores for Dividend and Growth suggest that Petrobras may be a good long-term investment option.
Petroleo Brasileiro S.A. – Petrobras is an oil and gas exploration and production company that also refines, markets, and supplies oil products. It operates in South America and other parts of the world, with a diverse portfolio of assets including oil tankers, distribution pipelines, power plants, and petrochemical units. With its strong dividend and growth scores, Petrobras may be a promising option for investors looking for long-term returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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