Contrarian Opportunity with Very Attractive Dividend
Political interventions by the Lula government, particularly regarding dividends and management, have shaken investor confidence.
Falling oil prices meant that there were no positive external impulses.
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Despite geopolitical risks and state influence, the Brazilian oil giant Petrobras (NYSE: PBR) remains an exciting value for contrarian investors. The ADRs of the stock are currently trading at a price level (in USD) similar to February 2005, even though the company is now operating significantly stronger. The P/E ratio of 10.1 indicates a favorable valuation compared to the international industry average. The dividend yield is particularly attractive: For the entire year of 2024, there was a substantial distribution of 14.3%! This makes Petrobras...
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