WallStSmart

National Energy Services Reunited Corp Ordinary Shares (NESR)vsPetróleo Brasileiro S.A. - Petrobras (PBR-A)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Petróleo Brasileiro S.A. - Petrobras generates 34841% more annual revenue ($498.09B vs $1.43B). PBR-A leads profitability with a 21.6% profit margin vs 4.5%. PBR-A trades at a lower P/E of 5.2x. PBR-A earns a higher WallStSmart Score of 65/100 (C+).

NESR

Buy

57

out of 100

Grade: C

Growth: 9.3Profit: 5.0Value: 3.7Quality: 5.5
Piotroski: 2/9Altman Z: 1.61

PBR-A

Buy

65

out of 100

Grade: C+

Growth: 2.7Profit: 8.5Value: 5.7Quality: 4.8
Piotroski: 4/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NESRSignificantly Overvalued (-43.0%)

Margin of Safety

-43.0%

Fair Value

$14.96

Current Price

$23.90

$8.94 premium

UndervaluedFair: $14.96Overvalued

Intrinsic value data unavailable for PBR-A.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NESR3 strengths · Avg: 9.3/10
Revenue GrowthGrowth
33.5%10/10

Revenue surging 33.5% year-over-year

EPS GrowthGrowth
112.8%10/10

Earnings expanding 112.8% YoY

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

PBR-A6 strengths · Avg: 9.5/10
P/E RatioValuation
5.2x10/10

Attractively priced relative to earnings

Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Operating MarginProfitability
32.0%10/10

Strong operational efficiency at 32.0%

Market CapQuality
$111.87B9/10

Large-cap with strong market position

Return on EquityProfitability
23.9%9/10

Every $100 of equity generates 24 in profit

Profit MarginProfitability
21.6%9/10

Keeps 22 of every $100 in revenue as profit

Areas to Watch

NESR4 concerns · Avg: 3.5/10
P/E RatioValuation
38.4x4/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.614/10

Distress zone — elevated risk

Return on EquityProfitability
6.5%3/10

ROE of 6.5% — below average capital efficiency

Profit MarginProfitability
4.5%3/10

4.5% margin — thin

PBR-A3 concerns · Avg: 2.7/10
Revenue GrowthGrowth
0.4%4/10

0.4% revenue growth

PEG RatioValuation
4.092/10

Expensive relative to growth rate

EPS GrowthGrowth
-7.2%2/10

Earnings declined 7.2%

Comparative Analysis Report

WallStSmart Research

Bull Case : NESR

The strongest argument for NESR centers on Revenue Growth, EPS Growth, Price/Book. Revenue growth of 33.5% demonstrates continued momentum.

Bull Case : PBR-A

The strongest argument for PBR-A centers on P/E Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 21.6% and operating margin at 32.0%.

Bear Case : NESR

The primary concerns for NESR are P/E Ratio, Altman Z-Score, Return on Equity. Thin 4.5% margins leave little buffer for downturns.

Bear Case : PBR-A

The primary concerns for PBR-A are Revenue Growth, PEG Ratio, EPS Growth.

Key Dynamics to Monitor

NESR profiles as a hypergrowth stock while PBR-A is a value play — different risk/reward profiles.

NESR carries more volatility with a beta of 0.38 — expect wider price swings.

NESR is growing revenue faster at 33.5% — sustainability is the question.

PBR-A generates stronger free cash flow (3.3B), providing more financial flexibility.

Bottom Line

PBR-A scores higher overall (65/100 vs 57/100), backed by strong 21.6% margins. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

National Energy Services Reunited Corp Ordinary Shares

ENERGY · OIL & GAS EQUIPMENT & SERVICES · USA

National Energy Services Reunited Corp. The company is headquartered in Houston, Texas.

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Petróleo Brasileiro S.A. - Petrobras

ENERGY · OIL & GAS INTEGRATED · USA

Petrleo Brasileiro SA - Petrobras produces and sells oil and gas in Brazil and internationally. The company is headquartered in Rio de Janeiro, Brazil.

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