# 3R Petroleum Oleo E Gas SA Ordinary Shares (BRAV3.SA)

Canonical: https://gigainvestors.com/s/BRAV3.SA

Analysis as of: 2026-10-16T07:41:13.160Z. 

Listing currency: BRL. Reporting currency: BRL.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: BRL 20.69 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 57% since May 2022

Story as of 2026-10-16T10:01:28.967Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in oil & gas e&p; annual sales are BRL 11.6 billion.

- Source: https://eodhd.com/api/fundamentals/BRAV3.SA.json#2025-12-31 (filed 2026-10-16T07:41:13.160Z); FY2025: revenue 11622991000; grossProfit 2685598000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 23.1% to 31.3% during 2023–25.

- Source: https://eodhd.com/api/fundamentals/BRAV3.SA.json#2023-12-31 (filed 2026-10-16T07:41:13.160Z); FY2023: grossProfit / revenue = 31.3%.

- Source: https://eodhd.com/api/fundamentals/BRAV3.SA.json#2024-12-31 (filed 2026-10-16T07:41:13.160Z); FY2024: grossProfit / revenue = 26.7%.

- Source: https://eodhd.com/api/fundamentals/BRAV3.SA.json#2025-12-31 (filed 2026-10-16T07:41:13.160Z); FY2025: grossProfit / revenue = 23.1%.

### Where the cash goes

Reinvests 30.7% of cash earnings; paid dividends in 1 of 5 years.

- Source: https://eodhd.com/api/fundamentals/BRAV3.SA.json#2022-12-31 (filed 2026-10-16T07:41:13.160Z); FY2022: growth capex 1272676000; upkeep 279302000; cash acquisitions 0; owner earnings 139455800. Growth capex plus acquisitions / owner earnings = 9.126016988895406.

- Source: https://eodhd.com/api/fundamentals/BRAV3.SA.json#2023-12-31 (filed 2026-10-16T07:41:13.160Z); FY2023: growth capex 4723807000; upkeep 620100000; owner earnings 396171400. Growth capex / owner earnings = 11.923644664910189.

- Source: https://eodhd.com/api/fundamentals/BRAV3.SA.json#2025-12-31 (filed 2026-10-16T07:41:13.160Z); FY2025: growth capex 146715000; upkeep 2727236000; cash acquisitions 26314000; owner earnings 563129200. Growth capex plus acquisitions / owner earnings = 0.30726341308530974.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:41:13.160Z); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,94531000],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 60.3% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); BRAV3.SA SharesStats.PercentInsiders = 60.27 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.8 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16T07:41:13.160Z); Closing price 20.69 BRL; reporting-to-trading FX 1; FY2025 annual sales per share 24.909644336809514; price multiple 0.8306019837234667. FY2025 cash earnings/share 1.206862165484949. Closing-price date 2026-10-15.

## Monthly share-price history (BRL per share)

- 2020-11: BRL 23.43 per share

- 2020-12: BRL 36.40 per share

- 2021-01: BRL 31.80 per share

- 2021-02: BRL 35.20 per share

- 2021-03: BRL 37.38 per share

- 2021-04: BRL 42.73 per share

- 2021-05: BRL 40.09 per share

- 2021-06: BRL 44.36 per share

- 2021-07: BRL 37.88 per share

- 2021-08: BRL 37.61 per share

- 2021-09: BRL 41.68 per share

- 2021-10: BRL 31.84 per share

- 2021-11: BRL 27.19 per share

- 2021-12: BRL 33.03 per share

- 2022-01: BRL 37.64 per share

- 2022-02: BRL 33.35 per share

- 2022-03: BRL 41.20 per share

- 2022-04: BRL 45.51 per share

- 2022-05: BRL 47.99 per share

- 2022-06: BRL 34.60 per share

- 2022-07: BRL 33.49 per share

- 2022-08: BRL 36.81 per share

- 2022-09: BRL 35.06 per share

- 2022-10: BRL 45.78 per share

- 2022-11: BRL 36.41 per share

- 2022-12: BRL 37.16 per share

- 2023-01: BRL 44.13 per share

- 2023-02: BRL 35.84 per share

- 2023-03: BRL 29.01 per share

- 2023-04: BRL 31.67 per share

- 2023-05: BRL 30.31 per share

- 2023-06: BRL 29.85 per share

- 2023-07: BRL 35.55 per share

- 2023-08: BRL 32.92 per share

- 2023-09: BRL 31.58 per share

- 2023-10: BRL 32.44 per share

- 2023-11: BRL 29.98 per share

- 2023-12: BRL 26.28 per share

- 2024-01: BRL 27.38 per share

- 2024-02: BRL 27.95 per share

- 2024-03: BRL 32.99 per share

- 2024-04: BRL 33.17 per share

- 2024-05: BRL 28.20 per share

- 2024-06: BRL 27.48 per share

- 2024-07: BRL 27.06 per share

- 2024-08: BRL 26.37 per share

- 2024-09: BRL 17.63 per share

- 2024-10: BRL 16.98 per share

- 2024-11: BRL 19.88 per share

- 2024-12: BRL 23.52 per share

- 2025-01: BRL 22.43 per share

- 2025-02: BRL 18.01 per share

- 2025-03: BRL 23.10 per share

- 2025-04: BRL 17.36 per share

- 2025-05: BRL 18.90 per share

- 2025-06: BRL 17.40 per share

- 2025-07: BRL 19.74 per share

- 2025-08: BRL 20.05 per share

- 2025-09: BRL 17.98 per share

- 2025-10: BRL 14.76 per share

- 2025-11: BRL 13.64 per share

- 2025-12: BRL 16.84 per share

- 2026-01: BRL 18.90 per share

- 2026-02: BRL 18.64 per share

- 2026-03: BRL 20.57 per share

- 2026-04: BRL 19.13 per share

- 2026-05: BRL 20.25 per share

- 2026-06: BRL 19.30 per share

- 2026-07: BRL 19.80 per share

- 2026-08: BRL 17.13 per share

- 2026-09: BRL 18.12 per share

- 2026-10: BRL 20.91 per share

## Annual estimated value (BRL per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.