3R PETROLEUM ÓLEO E GÁS S.A. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27.8 BRL | -15.66% |
|
-0.86% | +5.78% |
| Jun. 14 | Brazil agency workers overseeing oil licenses vote to strike | RE |
| May. 23 | Brazil's 3R and Enauta to follow Petrobras into Foz do Amazonas exploration | RE |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,074 | 6,797 | 7,667 | 6,307 | 6,768 | - | - |
| Enterprise Value (EV) 1 | 4,002 | 4,363 | 7,937 | 13,744 | 13,530 | 12,013 | 10,891 |
| P/E ratio | -78.7 x | -3,355 x | 51.7 x | 14.8 x | 4.05 x | 2.54 x | 2.54 x |
| Yield | - | - | - | - | - | 3.36% | 17.8% |
| Capitalization / Revenue | 19.9 x | 9.34 x | 4.45 x | 1.12 x | 0.75 x | 0.64 x | 0.61 x |
| EV / Revenue | 19.6 x | 5.99 x | 4.61 x | 2.45 x | 1.5 x | 1.13 x | 0.98 x |
| EV / EBITDA | 75 x | 12.3 x | 11.2 x | 7.31 x | 3.58 x | 2.17 x | 1.89 x |
| EV / FCF | - | - | -6.7 x | -2.69 x | -13.8 x | 10.4 x | 5.5 x |
| FCF Yield | - | - | -14.9% | -37.1% | -7.22% | 9.59% | 18.2% |
| Price to Book | 3.78 x | 1.65 x | 1.79 x | 1.15 x | 0.96 x | 0.7 x | 0.63 x |
| Nbr of stocks (in thousands) | 109,504 | 202,593 | 203,088 | 239,985 | 240,429 | - | - |
| Reference price 2 | 37.20 | 33.55 | 37.75 | 26.28 | 28.15 | 28.15 | 28.15 |
| Announcement Date | 3/17/21 | 2/23/22 | 3/8/23 | 3/6/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 32.4 | 204.3 | 727.8 | 1,722 | 5,620 | 9,031 | 10,651 | 11,153 |
| EBITDA 1 | - | 53.37 | 356.1 | 709.6 | 1,880 | 3,780 | 5,528 | 5,761 |
| EBIT 1 | - | 13.74 | 415 | 271.1 | 1,266 | 2,874 | 4,096 | 4,284 |
| Operating Margin | - | 6.72% | 57.03% | 15.74% | 22.52% | 31.82% | 38.46% | 38.41% |
| Earnings before Tax (EBT) 1 | - | -301.6 | -44.58 | -214.1 | 590.8 | 2,321 | 3,457 | 3,654 |
| Net income 1 | - | -276.5 | -0.905 | 149.6 | 425.2 | 1,890 | 2,696 | 2,862 |
| Net margin | - | -135.39% | -0.12% | 8.68% | 7.57% | 20.92% | 25.31% | 25.66% |
| EPS 2 | -0.7500 | -0.4729 | -0.0100 | 0.7300 | 1.780 | 6.955 | 11.07 | 11.08 |
| Free Cash Flow 1 | - | - | - | -1,185 | -5,103 | -977 | 1,152 | 1,982 |
| FCF margin | - | - | - | -68.82% | -90.8% | -10.82% | 10.82% | 17.77% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | 20.84% | 34.41% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 42.73% | 69.25% |
| Dividend per Share 2 | - | - | - | - | - | - | 0.9457 | 5.014 |
| Announcement Date | 9/21/20 | 3/17/21 | 2/23/22 | 3/8/23 | 3/6/24 | - | - | - |
1BRL in Million2BRL
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 250 | 375.3 | 399.6 | 502.4 | 445.1 | 573.7 | 836.6 | 2,360 | 1,849 | 2,008 | 2,083 | 2,205 | 2,266 | - | - |
| EBITDA 1 | 82.63 | 198.5 | 205.8 | 193 | 112.6 | 155.6 | 199.5 | 828.6 | 696.6 | 724.6 | 699.1 | 799.2 | 849.3 | - | - |
| EBIT 1 | 91.53 | 138.1 | 171.7 | 108.2 | -141.8 | 72.68 | 74.91 | 607.2 | 511.1 | 506.5 | 479.9 | 566.5 | 592.1 | - | - |
| Operating Margin | 36.61% | 36.79% | 42.97% | 21.53% | -31.86% | 12.67% | 8.95% | 25.73% | 27.63% | 25.23% | 23.04% | 25.69% | 26.13% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | -247.4 | 54.5 | 100.2 | -111.8 | 574.9 | -258.9 | 193 | 284 | 201 | - | - |
| Net income 1 | - | -292.1 | - | 431.9 | -38.97 | 12.69 | 77.02 | -83.49 | 407.2 | -235.6 | 147 | 216 | 152 | - | - |
| Net margin | - | -77.84% | - | 85.96% | -8.75% | 2.21% | 9.21% | -3.54% | 22.02% | -11.74% | 7.06% | 9.8% | 6.71% | - | - |
| EPS 2 | 0.0200 | -1.650 | 0.2600 | 2.110 | -0.2312 | 0.0600 | 0.3700 | -0.3800 | 1.730 | -0.9800 | 0.9937 | 1.281 | 1.308 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.5500 | 0.5500 |
| Announcement Date | 2/23/22 | 5/3/22 | 8/11/22 | 11/9/22 | 3/8/23 | 4/27/23 | 8/9/23 | 11/8/23 | 3/6/24 | 5/9/24 | - | - | - | - | - |
1BRL in Million2BRL
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | 270 | 7,437 | 6,762 | 5,245 | 4,123 |
| Net Cash position 1 | - | 71.4 | 2,434 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | 0.3809 x | 3.955 x | 1.789 x | 0.9487 x | 0.7158 x |
| Free Cash Flow 1 | - | - | - | -1,185 | -5,103 | -977 | 1,152 | 1,982 |
| ROE (net income / shareholders' equity) | - | 4.36% | -6.84% | 6.84% | 8.62% | 22.4% | 31.4% | 26.2% |
| ROA (Net income/ Total Assets) | - | - | - | 4.28% | 3% | 1.41% | 8.85% | 12.3% |
| Assets 1 | - | - | - | 3,499 | 14,182 | 134,218 | 30,480 | 23,273 |
| Book Value Per Share 2 | - | 9.840 | 20.30 | 21.10 | 22.80 | 29.20 | 40.40 | 44.40 |
| Cash Flow per Share 2 | - | - | - | 0.4400 | 4.440 | 7.480 | 13.00 | - |
| Capex 1 | - | - | 148 | 1,276 | 6,111 | 2,061 | 1,989 | 2,509 |
| Capex / Sales | - | - | 20.29% | 74.06% | 108.74% | 22.82% | 18.67% | 22.5% |
| Announcement Date | 9/21/20 | 3/17/21 | 2/23/22 | 3/8/23 | 3/6/24 | - | - | - |
1BRL in Million2BRL
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
28.15
BRL
Average target price
57.52
BRL
Spread / Average Target
+104.33%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.78% | 1.24B | |
| -14.85% | 1,816B | |
| +11.94% | 437B | |
| +55.23% | 259B | |
| +10.17% | 230B | |
| +2.23% | 94.46B | |
| -10.49% | 76B | |
| -.--% | 53.3B | |
| -7.61% | 48.61B | |
| +21.60% | 47.98B |
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- Financials 3R Petroleum Óleo e Gás S.A.
