Petroleo Brasileiro S.A.- Petrobras (PBR) vs Shell PLC Unsponsored ADR (SHEL)

Petroleo Brasileiro S.A.- Petrobras and Shell PLC Unsponsored ADR are both Oil & Gas Integrated companies. Shell PLC Unsponsored ADR is the larger, with a market value of $274.6B against $76.9B — 3.6× the size. Petroleo Brasileiro S.A.- Petrobras trades at the lower P/E: 5.2× against 10.5×. Petroleo Brasileiro S.A.- Petrobras grew revenue faster over the last twelve months: 20.8% against 10.1%. Petroleo Brasileiro S.A.- Petrobras has the higher net margin (24.5% vs 8.55%) and the higher return on invested capital (15.5% vs 13.1%). Both pay a dividend; Petroleo Brasileiro S.A.- Petrobras yields more (14.7% vs 4.38%). Across the 23 metrics below, Petroleo Brasileiro S.A.- Petrobras leads on 18 and Shell PLC Unsponsored ADR on 5.

Valuation

Metric PBR SHEL Oil & Gas Integrated median
P/E 5.16 10.46 11.88
P/S 1.26 0.88 1.20
P/B 1.41 1.47 1.56
Price to free cash flow 6.35 8.14 9.74
EV/EBITDA 3.48 4.27 4.94
EV/Sales 1.74 0.99 1.57
Earnings yield 19.39% 9.56% 7.58%
Free cash flow yield 15.76% 12.29% 6.71%

Profitability

Metric PBR SHEL Oil & Gas Integrated median
Gross margin 50.75% 27.55% 39.18%
Operating margin 34.15% 14.81% 14.90%
Net margin 24.52% 8.55% 8.76%
Free cash flow margin 19.89% 10.81% 9.61%
Return on equity 30.66% 14.24% 12.22%
Return on assets 11.05% 6.76% 6.47%
Return on invested capital 15.53% 13.13% 10.61%

Growth

Metric PBR SHEL Oil & Gas Integrated median
Revenue growth (TTM) 20.79% 10.06% 5.63%
EPS growth (last fiscal year) 162.07% 18.58% —
Revenue growth, 5-year CAGR 10.69% 8.36% 12.04%
Net income growth, 5-year CAGR 76.66% 0.00% 0.00%

Health

Metric PBR SHEL Oil & Gas Integrated median
Debt to equity 0.65 0.40 0.55
Current ratio 0.85 1.43 1.18
Net debt to EBITDA 1.23 0.61 0.80

Dividend

Metric PBR SHEL Oil & Gas Integrated median
Dividend yield 14.73% 4.38% 5.01%
Payout ratio 1.25 0.26 0.29

Size

Metric PBR SHEL Oil & Gas Integrated median
Market cap 76.88b 274.55b 51.12b

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