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B3 · BRL

BRAV3

Brava Energia SA

R$18.24+0.66% (R$0.12)
Day's range
R$18.13 – R$18.50
Day's volume
R$25.9m
52-week range
R$13.29 – R$22.28

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See how BRAV3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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BRAV3 in numbers

Market cap
R$8.5bn
P/E
155.60
P/B
0.69
Dividend yield (12m)
0.68%
Net debt/EBITDA
3.75

The 12-month dividend yield of BRAV3 is 0.68%, below its 5-year average of 1.81%.

BRAV3 price history

01/10/202501/10/2026
Compare with

BRAV3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+24.26%-42.80%-41.71%
Volatility (annualised)34.85%46.28%49.06%
Largest drawdown-16.22%-58.40%-71.24%
Positive months7/1217/3629/60

How much did investing in BRAV3 return?

R$1,000.00 invested on 01/10/2021 would be worth R$583.51 today.

Value today in BRAV3
R$583.51
Return over the period
-41.65%
Return per year
-10.22%
In the Ibovespa
R$1,809.10

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

BRAV3 fundamentals

Valuation

  • P/E
    155.60
  • P/B
    0.69
  • EV/EBITDA
    5.24
  • EV/EBIT
    10.91
  • EV/Revenue
    2.42
  • P/EBIT
    3.09
  • P/S
    0.69
  • P/OCF
    1.99
  • P/FCF
    5.57
  • Earnings yield
    9.17%
  • PEG ratio
    —
  • Earnings per share
    R$0.12
  • Book value per share
    R$26.44

Debt

  • Net debt
    R$21.4bn
  • Net debt/EBITDA
    3.75
  • Net debt/Equity
    1.74
  • Debt/Equity
    2.12
  • Current ratio
    1.26
  • Quick ratio
    1.13
  • Cash ratio
    0.81

Efficiency

  • Gross margin
    27.86%
  • EBITDA margin
    46.25%
  • Operating margin
    22.20%
  • Net margin
    0.44%
  • Asset turnover
    0.30

Profitability

  • ROE
    0.44%
  • ROA
    0.13%
  • ROIC
    0.00%
  • Payout
    105.44%

Growth

  • Revenue CAGR (5 years)
    92.02%
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    33.19%
  • Earnings growth (year)
    255.13%
  • Revenue growth (quarter)
    21.44%
  • Earnings growth (quarter)
    -96.53%

What is BRAV3's fair price?

Two classic value formulas, with today's numbers. The current price is R$18.24.

Graham's fair price
R$8.35
54.22% below the price

√(22.50 × R$0.12 × R$26.44)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$9.41
48.42% below the price

R$0.56 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

BRAV3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E5.54-12.0015.5950.46-7,393.60-15.38——
P/B0.661.041.141.741.603.70——
EV/EBITDA6.7810.3910.7915.838.04———
Dividend yield0.00%3.27%0.57%4.60%0.59%3.14%——
Earnings per shareR$3.04-R$1.96R$1.69R$0.74-R$0.00-R$2.37-R$0.12R$1.60
Book value per shareR$25.34R$22.67R$23.15R$21.38R$20.61R$9.84R$0.89R$12.04
ROE11.99%-8.64%7.28%3.45%-0.02%-24.07%-13.50%13.29%
ROIC6.06%4.44%4.65%0.00%0.00%-9.65%-8.82%21.40%
Gross margin26.69%26.68%31.28%51.49%56.10%47.99%50.52%42.48%
EBITDA margin40.02%42.90%33.56%31.95%73.15%-64.98%-24.84%70.34%
Net margin12.14%-10.42%7.21%8.68%-0.12%-126.92%-98.66%53.34%
Net debt/EBITDA5.107.477.442.12-4.53——-2.93

BRAV3 financial statements

Line202520242023202220212020
Net revenueR$11.6bnR$8.7bnR$5.6bnR$1.7bnR$727.8mR$204.3m
Cost of sales-R$8.5bn-R$6.4bn-R$3.9bn-R$835.5m-R$319.5m-R$106.2m
Gross profitR$3.1bnR$2.3bnR$1.8bnR$886.9mR$408.3mR$98m
EBITDAR$4.7bnR$3.7bnR$1.9bnR$550.4mR$532.4m-R$132.7m
EBITR$2.2bnR$2.5bnR$1.3bnR$271.1mR$415m-R$172.4m
Net finance result-R$762.7m-R$3.8bn-R$675.1m-R$485.2m-R$459.6m-R$129.3m
Profit before taxR$1.5bn-R$1.3bnR$590.8m-R$214.1m-R$44.6m-R$301.6m
Income tax-R$42.2mR$420.1m-R$165.6mR$341.8mR$60.6mR$25.1m
Net incomeR$1.4bn-R$909.7mR$405.2mR$149.6m-R$905k-R$259.2m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

BRAV3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
BRAV3Brava Energia155.600.690.68%0.44%R$8.5bn
PETR4PETROLEO BRASILEIRO S.A. PETROBRAS4.801.337.37%27.73%R$675.7bn
PETR3PETROLEO BRASILEIRO S.A. PETROBRAS5.281.466.69%27.73%R$676.7bn
PRIO3PRIO S.A.13.961.910.00%13.71%R$54bn

Does BRAV3 pay dividends?

Dividend yield per year

  • 2017
  • 2018
  • 2019
  • 3.14%2020
  • 0.59%2021
  • 4.60%2022
  • 0.57%2023
  • 3.27%2024
  • 0.00%2025
  • 0.68%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend20/04/202601/05/2026R$0.12
Dividend30/04/202401/07/2024R$0.39
Dividend29/04/202430/06/2024R$0.39
Dividend28/04/202315/05/2023R$0.15
Dividend26/04/202230/05/2022R$1.71
Dividend30/04/202110/05/2021R$0.19
Dividend16/04/202028/04/2020R$1.14
Dividend18/04/201906/05/2019R$1.91
Dividend11/04/201820/04/2018R$1.54
Dividend19/04/201710/05/2017R$0.15
Dividend12/04/201628/04/2016R$0.15
Dividend17/04/201505/05/2015R$0.15
See all 16 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend29/04/201110/05/2011R$0.00
Dividend16/04/2014—R$0.16
Dividend19/04/2013—R$0.00
Dividend16/04/2012—R$0.00

About Brava Energia

Sector
Energia
Segment
Exploração e Produção de Petróleo
Listing segment
Novo Mercado
Tag along
100.00%
Free float
59.74%
Shares issued
464.56m ordinary
Average daily trading
R$109.8m
Ibovespa weight
0.19%
Listed since
12/11/2020
CNPJ
12.091.809/0001-55

A Brava Energia S.A., listada na B3 sob o ticker BRAV3, atua em exploração e produção de petróleo e gás natural no Brasil. A companhia resultou da combinação de negócios entre 3R Petroleum e Enauta, com mudança de marca concluída em 2024, mantendo foco em ativos de óleo e gás com perfil complementar. Seu portfólio reúne operações onshore e offshore, incluindo campos maduros terrestres e ativos em águas rasas e profundas. A estratégia operacional combina aumento de eficiência, otimização de custos de extração e desenvolvimento de reservas em ativos já em produção. No desenho de negócios, a empresa busca equilibrar geração de caixa de ativos maduros com projetos de maior produtividade, além de capturar sinergias entre sistemas produtivos, infraestrutura e comercialização. A integração de ativos herdados das companhias originárias é um eixo central da execução operacional. Em posição de mercado, a Brava se apresenta como uma das principais independentes brasileiras de óleo e gás, com atuação concentrada no mercado doméstico e exposição às condições de preço do petróleo e do gás.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
ECOPETROL INVESTIMENTOS DO BRASIL LTDA.Controlling51.00%0.00%51.00%
Banco Bradesco S.A.12.18%0.00%12.18%
Outros36.81%0.00%36.81%
Ações Tesouraria0.00%0.00%0.00%

Questions about BRAV3

How much is BRAV3 today?

BRAV3 is at R$18.24 (0.66% on the day), last traded on 01/10/2026.

How much did BRAV3 pay in dividends in 2025?

BRAV3 paid R$0.00 per share in 2025, a dividend yield of 0.00%.

What are the P/E and P/B of BRAV3?

BRAV3 trades at a P/E of 155.60 and a P/B of 0.69.

How much did BRAV3 return in 12 months?

BRAV3 returned 24.26% in 12 months, with annualised volatility of 34.85% and a largest drawdown of -16.22%.

What sector is BRAV3 in?

Brava Energia is in the Energia sector, Exploração e Produção de Petróleo segment.