Frontierby eninvs

Language: EN / RU

← Region

Brava Energia USD

At a glance: strengths & risks
✓Revenue growing (+26% y/y, Q2 2026)✓Margins improving (46%→54%, Q2 2026)

Sector: Oil and gas

BR_BRAV

Price chart

18.18 BRLDay 0.33%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
18.18 BRL · 0.33%
Market cap
1.6 bn USD

Growth

Δ revenue y/y
25.7%
Δ EBITDA y/y
46.3%

Multiples

P/E (LTM)
68.2x
P/B (FY)
0.8x
P/E (ann.)
2.4x
EV/EBITDA (LTM)
3.3x
EV/EBITDA (ann.)
2.4x

Cash return

Dividend yield
0.7%
FCF yield (LTM)
8.9%

Liquidity

Daily turnover
—

Shares: yahoo_fundamentals_timeseries/BRAV3.SA

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)PARTIAL708.4
y/y 25.7%
224.8
y/y 38.7%
156.5
y/y 58.9%
381.3
y/y 46.3%
241.2
y/y -8.8%
138.1-21.78204.3
y/y 5.3%
2418.7
y/y 10.1%
29.2%2058.9Link
2026-03-31Q1 2026 (3M)PARTIAL624.8
y/y 22.2%
189.7
y/y 60.1%
149.1
y/y 81.3%
338.8
y/y 68.8%
-69.7
y/y -147.2%
166.5-104.28492.3
y/y 10.5%
2274.1
y/y 14.6%
-12.6%2118.1Link
2025-12-31Q4 2025 (3M)PARTIAL465.2
y/y 47.4%
-40.2
y/y -246.8%
152.8
y/y 183.9%
112.6
y/y 38.6%
-107.3
y/y 35.5%
259.5-109.87798.9
y/y 8.4%
2150.1
y/y 26.2%
11.6%1980.2Link
2025-09-30Q3 2025 (3M)PARTIAL568.3
y/y 49.3%
161.0
y/y -25.3%
129.1
y/y 37.9%
290.2
y/y -6.1%
-165.7
y/y -81.8%
240.3-145.07829.9
y/y 25.1%
2304.6
y/y 18.1%
1.3%1941.8Link
2025-06-30Q2 2025 (3M)PARTIAL563.6
y/y 22.8%
162.1
y/y 56.9%
98.5
y/y 110.3%
260.6
y/y 73.5%
188.2
y/y —
242.0-127.17793.9
y/y 101.2%
2197.2
y/y 145.4%
36.0%2204.1Link
2025-03-31Q1 2025 (3M)PARTIAL511.4
y/y 30.4%
118.5
y/y 19.7%
82.2
y/y 92.9%
200.7
y/y 41.7%
147.5
y/y —
143.9-154.77683.5
y/y 94.3%
1984.2
y/y 89.5%
32.0%2370.1Link
2024-12-31Q4 2024 (3M)PARTIAL315.6
y/y -17.4%
27.4
y/y -74.1%
53.8
y/y 26.2%
81.2
y/y -45.2%
-166.4
y/y -297.8%
105.9-233.47197.2
y/y 73.1%
1703.4
y/y 48.1%
-8.1%2151.8Link
2024-09-30Q3 2024 (3M)PARTIAL380.7
y/y -18.6%
215.5
y/y 79.1%
93.6
y/y 113.2%
309.1
y/y 88.2%
188.2
y/y —
-148.5-108.36259.4
y/y 63.9%
1951.6
y/y 87.4%
11.6%1814.9Link
2024-06-30Q2 2024 (3M)PARTIAL459.0
y/y 159.1%
103.3
y/y 551.7%
46.8
y/y 98.3%
150.2
y/y 280.4%
-19.8
y/y -485.0%
148.5-76.63874.6
y/y -2.0%
895.4
y/y -20.5%
-26.6%1698.2Link
2024-03-31Q1 2024 (3M)PARTIAL392.3
y/y 240.9%
99.0
y/y 578.9%
42.6
y/y 156.2%
141.6
y/y 353.7%
-44.9
y/y -1490.9%
22.2-93.63953.9
y/y 146.9%
1047.0
y/y 19.8%
-16.4%1669.3Link
2023-12-31Q4 2023 (3M)PARTIAL382.2
y/y —
105.6
y/y —
42.7
y/y —
148.3
y/y —
84.1
y/y —
126.4-6.14157.9
y/y —
1150.1
y/y —
8.0%1519.6Link
2023-09-30Q3 2023 (3M)PARTIAL467.7
y/y —
120.3
y/y —
43.9
y/y —
164.2
y/y —
-15.3
y/y —
89.5-84.93820.0
y/y —
1041.6
y/y —
-1.9%1537.8Link
2023-06-30Q2 2023 (3M)PARTIAL177.1
y/y —
15.9
y/y —
23.6
y/y —
39.5
y/y —
16.8
y/y —
-21.7-44.63954.7
y/y —
1125.8
y/y —
6.7%1546.6Link
2023-03-31Q1 2023 (3M)PARTIAL115.1
y/y —
14.6
y/y —
16.6
y/y —
31.2
y/y —
3.2
y/y —
9.7-34.11601.2
y/y —
873.6
y/y —
—71.9Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

02004006008002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%300%400%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-200-10001002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

05001 0001 5002 0002 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2023–2025 operating cash flow came to 2.91x of reported net profit; after capex, 0.88x. Loss years (2024) are left out of the ratio.
year202320242025
cash flow / profit2.37x—3.45x
accruals, % of assets-2.9%-6.2%-8.1%
Last twelve months (to 2025-Q3): 33.88x of profit came back as operating cash flow.
net debt / EBITDA 2.3x
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +50% vs +22% the year before — a +28.6 pp move. 3-year CAGR —.
revenue growth by year: 2024 +22% · 2025 +50%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Peer comparison

Group: Oil and gas. Each peer is shown as it trades and re-priced onto this company's market (Brazil) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
Aker BPglobal22.22.8x2.3x
LukoilRussia44.52.2x3.8x
Occidental Petroleumglobal54.55.1x4.3x
GazpromRussia32.32.8x4.9x
ConocoPhillipsglobal156.76.4x5.4x
RosneftRussia51.43.1x5.5x
Chevronglobal378.97.9x6.6x
SantosAustralia19.08.9x7.0x
TatneftRussia20.84.1x7.2x
Gazprom NeftRussia37.04.1x7.2x
Exxon Mobilglobal680.19.6x8.1x
NovatekRussia44.57.8x13.8x
Group median4.6x6.0x
Group average5.4x6.3x
This companyBrazil1.63.3x3.3x

Group median 4.6x as traded, 6.0x adjusted; this company 3.3x — a 46% discount.

Group average 5.4x as traded, 6.3x adjusted; against the average this company is at a 48% discount.

At the adjusted group median the market cap would be +188% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 22.2x, Russia 3.8x, South Africa 5.1x, Kazakhstan 6.6x, India 18.5x, Indonesia 4.8x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-01; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-04-220.1236 BRLEx-dividend: 0.1236 BRL per sharePaidYahoo Finance (ex-div)
2024-05-020.385 BRLEx-dividend: 0.385 BRL per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.rad.cvm.gov.br/ENET/frmConsultaExternaCVM.aspx?codigoCVM=25291

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Brava Energia — from primary filings.

Frequently asked questions

What is Brava Energia's P/E ratio?
Brava Energia trades at a P/E of 68.2x (price to trailing 12-month earnings).
What is Brava Energia's EV/EBITDA?
Brava Energia trades at 3.3x EV/EBITDA.
What is Brava Energia's P/B ratio?
Brava Energia trades at a P/B of 0.8x.
What is Brava Energia's dividend yield?
Brava Energia's trailing 12-month dividend yield is 0.7%.
What is Brava Energia's return on equity (ROE)?
Brava Energia's ROE is 29.2%.
What is Brava Energia's market capitalization?
Brava Energia's market cap is 1.6 bn USD.

See also: The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map