PBR.A News and Headlines - Petroleo Brasileiro Petrobras
The stock of Petroleo Brasileiro SA Petrobras (NYSE:PBR, 30-year Financials) appears to be modestly undervalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value
Oaktree Capital Management recently disclosed its portfolio updates for the second quarter of 2020, which ended on June 30.
Founded by Howard Marks (Trades, Portfolio) and several fellow investors in 1995, Oaktree Capital Management is a global investing firm that specializes in alternative and credit strategies. The Los Angeles-based firm now has over 39 portfolio managers and 950 employees in offices around the globe. Marks serves as co-chairman (along with Bruce Karsh) and chief financial officer. The firm's core investment philosophy has six tenets: risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing.
In order to have a higher chance to come across bargains, investors can screen the market for stocks that are likely trading at discount to their intrinsic value. In this article, I have used the projected free cash flow (FCF) valuation model.
Unlike the discounted cash flow or discounted earnings valuation model, the projected FCF model can apply to companies whose history of revenue and earnings is not consistent. The projected FCF uses normalized free cash flow and book value.
Thus, the investors may want to consider the following stocks, as they are undervalued according to the projected FCF model
Boston-based Capital Growth Management specializes in swift and bold sector calls, typically establishing large short-term positions in companies that it expects will see strong growth in the near future. Heebner is the co-founder of the firm and believes that placing large bets on his convictions is the way to investing success.
Based on the above criteria, CGM’s biggest new buys for the fourth quarter were in D.R. Horton Inc. (DHI) and Lennar Corp. (LEN),
Baron Funds recently released its portfolio updates for the first quarter of 2020, which ended on March 31.
Founded by Ron Baron (Trades, Portfolio) in 1982, Baron Funds is a long-term asset management firm that invests in well-researched value opportunities led by quality management teams. The firm seeks to ignore short-term market fluctuations as long as they do not change a company’s fundamentals. Baron manages the Growth and Partners funds and co-manages the Asset Fund, with a preference for small and mid-cap companies that demonstrate strong competitive advantages and growth prospects.
Based on its investing criteria, the
Oaktree Capital Management recently disclosed its portfolio updates for the first quarter of 2020, which ended on March 31.
Founded by Howard Marks (Trades, Portfolio) and several fellow investors in 1995, Oaktree Capital Management is a global investing firm that specializes in alternative and credit strategies. The Los Angeles-based firm now has over 39 portfolio managers and 950 employees in offices around the globe. Marks serves as co-chairman (along with Bruce Karsh) and chief financial officer. The firm’s core investment philosophy has six tenets: risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing.
To Our Shareholders:
CGM Mutual Fund increased 1.8% during the fourth quarter of 2019, compared to the Standard and PoorÄs 500 Index (S&P 500 Index) which increased 9.1% and the ICE BofAML U.S. Corporate, Government and Mortgage Index* which returned 0.1% over the same period. For the twelve months ended December 31, 2019, CGM Mutual Fund increased 2.1% the S&P 500 Index increased 31.5% and the ICE BofAML U.S. Corporate, Government and Mortgage Index returned 9.0%.
The Year in Review and Economic Outlook
The longest bull market in history continued into its tenth year in 2019. After a
Investors who are interested in enhancing their possibilities to unearth high-quality companies may find value in screening for stocks whose market capitalization exceeds $10 billion, but that still trade at not more than 1.5 times the book value.
The following securities have also received positive recommendation ratings from sell-side analysts on Wall Street.
Petroleo Brasileiro SA Petrobras
The first company to consider is Petroleo Brasileiro SA Petrobras (PBR). Shares of the Brazilian petroleum corporation closed at $15.94 on Tuesday for a market capitalization of $103.96 billion.
The price-book ratio of 1.38 is above the industry median of 0.96, ranking higher
Itau Unibanco Holding SA
During the quarter, the guru trimmed his Itau Unibanco Holding SA (ITUB) stake by 41.62%. The portfolio was impacted by -3.77%.
The Brazilian bank has a market cap of $84.58 billion and an enterprise value of $102.55 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 16.74% and return on assets of 1.61% are outperforming 83% of companies in the Banks industry.
According to the GuruFocus All-In-One Screener, the following energy stocks are popular among gurus as of Sept. 23.
Exxon Mobil Corp. (XOM) is held by 24 gurus
The company, which produces and refines oil around the world, has a market cap of $306.04 billion. Its revenue of $271 billion has fallen at a rate of 4% over a 10-year period.
The stock was trading with a price-earnings ratio of 17.40 on Monday. The share price of $72.14 was 17.20% below the 52-week high and 11.88% above the 52-week low. Over the last 10
While gurus hold positions in these companies, their share prices and returns continue to decline. The following are the worst-performing stocks over the past six months with a long-term presence in more than five gurus' portfolios.
Shares of HDFC Bank Ltd. (HDB) declined 6.49% over the past six months. The stock is held by seven gurus.
The Indian bank has a $94.70 billion market cap. The stock was trading with a price-earnings ratio of 13.74. As of Thursday, the share price of $102 was 21.46% below the 52-week high and 21.15% above
Oaktree Capital Management disclosed this week its top five buys for the second quarter were Vistra Energy Corp. (VST), Berry Petroleum Corp. (BRY), Petroleo Brasileiro SA Petrobas (PBR), Star Bulk Carriers Corp. (SBLK) and Huya Inc. (HUYA).
Since its formation in 1995, Oaktree Chairman Howard Marks (Trades, Portfolio) has been responsible for ensuring the firm’s adherence to its core investment philosophy and communicating closely with clients concerning the firm’s products and strategies. Oaktree, which is involved in less efficient markets and alternative investments, invests heavily in debt, preferred stocks and convertible bonds.
To Our Shareholders:
CGM Mutual Fund increased 6.5% during the third quarter of 2018 compared to a return of 7.7% for the Standard and Poor’s 500 Index (S&P 500 Index) and 0.0% for the ICE BofAML U.S. Corporate, Government & Mortgage Index*. For the first nine months of the year, CGM Mutual Fund decreased -3.2% while the S&P 500 Index increased 10.6% and the ICE BofAML U.S. Corporate, Government & Mortgage Index decreased -1.6%.
International trade issues have been at the forefront of the news for much of the year and continued to impact markets around the world into the
Sometimes, an investment just goes the other way on you, such as PG&E Corp. (PCG) for Seth Klarman (Trades, Portfolio), Herbalife (HLF) for Bill Ackman (Trades, Portfolio) or Apple (AAPL) for Warren Buffett (Trades, Portfolio). Even the best money managers in the world make mistakes. Many have been shook by the short-term volatility across the oil and gas market.
That being said, anyone counting out oil and gas long term is making the same mistake. In fact, what if the riff between
Anglo American PLC (NGLOY)
In the second quarter, the guru increased his position by 69.03% and added 4.71% in the third quarter.
With a market cap of $30 billion, the miner produces platinum, diamonds and coal. Its revenue of $27.81 billion has declined 0.20% over the last five years.
Heebner is the largest shareholder of the company among the gurus with 0.14% of outstanding shares, followed by Ken Fisher (
Want to buy shares of an automaker or an oil company? If you reply yes, then your valuation process will need to include the effects of economic and commodity cycles, as well as the basic business valuation.
In chapter 10 of "The Little Book of Valuation: How to Value a Company, Pick a Stock and Profit," Aswath Damodaran looks under the hoods of companies with valuations that may be driven as much by external factors as by their own operational competence. Even mature companies in these sectors can produce volatile earnings and cash flows.
Two types of valuations are required,
Shares of Leju Holdings Ltd. (LEJU) jumped more than 18% after reporting a first-quarter loss of 13 cents per share on revenue of $81.52 million. The company managed to beat revenue expectations by $3.62 million and earnings estimates by four cents.
Revenues from e-commerce services were $53.5 million, an increase of 40% from the same quarter of 2017. Revenues from online advertising services were $27.1 million, a 5% increase, and revenues from listing services were $0.9 million, a 79% decrease.
Looking ahead, the company expects total revenues to be between
The guru trimmed 6.02% off his Embraer SA (ERJ) stake, impacting the portfolio by -0.53%.
The Brazilian aerospace company, which produces commercial, military, executive and agricultural aircraft, has a market cap of $4.64 billion and an enterprise value of $5.97 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. Its return on equity of 4.91% and return assets of 1.64% are underperforming 54% of companies in the
On Friday, Ken Heebner (Trades, Portfolio)’s Capital Growth Management (CGM) disclosed 22 new buys for fourth-quarter 2017 among three portfolios: CGM Mutual Fund (LOMMX), CGM Focus Fund (CGMFX) and CGM Realty Fund (CGMRX).
CGM has a history of making bold and swift sector calls and making big bets based on Heebner’s convictions. The firm’s top six bets for the quarter include Petroleo Brasileiro SA Petrobas (PBR), Skechers USA Inc. (SKX), United Rentals Inc. (URI), Teck Resources Ltd. (TECK), Melco Resorts and Entertainment Ltd. (MLCO) and Best Buy Co. Inc. (BBY).
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