Petroleo Brasileiro S.A.- Petrobras (PBR) vs YPF Sociedad Anonima (YPF)

Petroleo Brasileiro S.A.- Petrobras and YPF Sociedad Anonima are both Oil & Gas Integrated companies. Petroleo Brasileiro S.A.- Petrobras is the larger, with a market value of $70.0B against $15.2B — 4.6× the size. Petroleo Brasileiro S.A.- Petrobras trades at the lower P/E: 4.8× against 14.2×. YPF Sociedad Anonima grew revenue faster over the last twelve months: 21.4% against 20.8%. Petroleo Brasileiro S.A.- Petrobras has the higher net margin (24.5% vs 9.42%) and the higher return on invested capital (15.5% vs 15.4%). Across the 22 metrics below, Petroleo Brasileiro S.A.- Petrobras leads on 19 and YPF Sociedad Anonima on 3.

Valuation

Metric PBR YPF Oil & Gas Integrated median
P/E 4.77 14.15 8.84
P/S 1.17 6.73 1.10
P/B 1.31 11.90 1.43
Price to free cash flow 5.87 47.46 8.19
EV/EBITDA 3.29 22.58 4.43
EV/Sales 1.65 7.04 1.48
Earnings yield 20.97% 7.07% 9.76%
Free cash flow yield 17.04% 2.11% 7.35%

Profitability

Metric PBR YPF Oil & Gas Integrated median
Gross margin 50.75% 38.62% 39.93%
Operating margin 34.15% 22.96% 17.07%
Net margin 24.52% 9.42% 10.24%
Free cash flow margin 19.89% 0.00% 11.16%
Return on equity 30.66% 0.00% 14.86%
Return on assets 11.05% 6.69% 7.07%
Return on invested capital 15.53% 15.42% 12.85%

Growth

Metric PBR YPF Oil & Gas Integrated median
Revenue growth (TTM) 20.79% 21.40% 13.45%
EPS growth (last fiscal year) 162.07% (135.23%) (14.54%)
Revenue growth, 5-year CAGR 10.69% 14.19% 12.04%
Net income growth, 5-year CAGR 76.66% 0.00% 0.00%

Health

Metric PBR YPF Oil & Gas Integrated median
Debt to equity 0.65 0.76 0.53
Current ratio 0.85 1.24 1.19
Net debt to EBITDA 1.23 1.95 0.80

Dividend

Metric PBR YPF Oil & Gas Integrated median
Dividend yield 3.83% — 3.83%
Payout ratio 0.18 — 0.34

Size

Metric PBR YPF Oil & Gas Integrated median
Market cap 69.96b 15.20b 47.17b

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