Financials BRF S.A. Nyse

Equities

BRFS

US10552T1079

Food Processing

Market Closed - Nyse 04:00:02 2024-06-26 pm EDT After market 04:59:58 pm
3.84 USD 0.00% Intraday chart for BRF S.A. 3.83 -0.26%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 28,574 17,802 18,205 8,927 23,182 34,625 - -
Enterprise Value (EV) 1 42,203 31,954 35,537 25,706 32,657 46,643 45,340 42,903
P/E ratio 95.1 x 12.9 x 43.4 x -2.75 x -9.27 x 20.1 x 21.3 x 16.2 x
Yield - - - - - 1.33% 1.22% 1.38%
Capitalization / Revenue 0.83 x 0.45 x 0.38 x 0.17 x 0.43 x 0.61 x 0.59 x 0.55 x
EV / Revenue 1.22 x 0.81 x 0.74 x 0.48 x 0.61 x 0.83 x 0.78 x 0.68 x
EV / EBITDA 7.94 x 6.1 x 6.39 x 6.6 x 6.92 x 6.12 x 6.17 x 5.56 x
EV / FCF 14.7 x 10.4 x -24 x -26.7 x 19.3 x 115 x 24.3 x 26.1 x
FCF Yield 6.81% 9.6% -4.16% -3.75% 5.18% 0.87% 4.11% 3.82%
Price to Book 3.62 x 2.03 x 2.06 x 0.79 x 1.56 x 2.07 x 1.95 x 2.11 x
Nbr of stocks (in thousands) 811,760 807,707 808,412 1,078,117 1,678,656 1,664,656 - -
Reference price 2 35.20 22.04 22.52 8.280 13.81 20.80 20.80 20.80
Announcement Date 3/3/20 2/25/21 2/22/22 2/28/23 2/26/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 34,618 39,470 48,343 53,805 53,615 56,391 58,490 62,831
EBITDA 1 5,317 5,241 5,559 3,896 4,721 7,624 7,349 7,720
EBIT 1 2,953 2,847 3,010 -136 836 4,295 3,882 3,850
Operating Margin 8.53% 7.21% 6.23% -0.25% 1.56% 7.62% 6.64% 6.13%
Earnings before Tax (EBT) 1 897.1 1,148 -35 -2,805 -1,985 2,050 1,894 2,216
Net income 1 297.6 1,384 419.5 -3,166 -2,029 1,151 1,331 1,718
Net margin 0.86% 3.51% 0.87% -5.88% -3.78% 2.04% 2.28% 2.73%
EPS 2 0.3700 1.710 0.5187 -3.008 -1.490 1.037 0.9787 1.286
Free Cash Flow 1 2,875 3,066 -1,479 -964 1,690 407 1,862 1,641
FCF margin 8.3% 7.77% -3.06% -1.79% 3.15% 0.72% 3.18% 2.61%
FCF Conversion (EBITDA) 54.07% 58.5% - - 35.81% 5.34% 25.34% 21.26%
FCF Conversion (Net income) 966.02% 221.6% - - - 35.36% 139.94% 95.52%
Dividend per Share 2 - - - - - 0.2769 0.2543 0.2867
Announcement Date 3/3/20 2/25/21 2/22/22 2/28/23 2/26/24 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 13,724 12,041 12,939 14,056 14,769 13,178 12,205 13,806 14,426 13,378 13,904 14,632 15,059 14,222
EBITDA 1 1,687 121 1,368 1,374 1,032 607 1,006 1,205 1,903 2,117 2,079 1,998 2,097 1,821
EBIT 1 1,071 -527.1 140.4 563.4 -313 -179.4 -361.3 452.3 924 1,482 1,338 1,098 1,166 1,052
Operating Margin 7.8% -4.38% 1.09% 4.01% -2.12% -1.36% -2.96% 3.28% 6.41% 11.07% 9.62% 7.5% 7.74% 7.4%
Earnings before Tax (EBT) 1 - -1,301 -469.6 -119 -915 -1,039 -1,461 -221.4 737 714.7 552.7 837 971 -
Net income 1 921.3 -1,572 -559.2 -122.6 -912.2 -1,034 -1,359 -387 751.4 505 504.9 837 971 -
Net margin 6.71% -13.06% -4.32% -0.87% -6.18% -7.85% -11.13% -2.8% 5.21% 3.77% 3.63% 5.72% 6.45% -
EPS 2 - -1.614 -0.5189 -0.1137 -0.8489 -0.9591 -1.260 -0.2400 0.7300 0.3022 0.3234 0.4238 0.4735 0.2400
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/22/22 5/4/22 8/10/22 11/9/22 2/28/23 5/15/23 8/14/23 11/13/23 2/26/24 5/7/24 - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,629 14,152 17,332 16,779 9,475 12,019 10,715 8,278
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.563 x 2.7 x 3.118 x 4.307 x 2.007 x 1.576 x 1.458 x 1.072 x
Free Cash Flow 1 2,875 3,066 -1,479 -964 1,690 407 1,863 1,641
ROE (net income / shareholders' equity) 16.2% 16.3% 4.76% -31.5% -15.5% 10.7% 10.4% 11.2%
ROA (Net income/ Total Assets) 0.71% 3.03% - -5.57% -3.52% 5.19% 3.99% 4.57%
Assets 1 42,042 45,683 - 56,879 57,562 22,197 33,332 37,593
Book Value Per Share 2 9.730 10.80 10.90 10.50 8.870 10.00 10.70 9.850
Cash Flow per Share 2 3.100 6.310 5.510 1.780 2.340 3.160 3.180 -
Capex 1 1,255 2,462 3,681 2,840 2,249 2,698 3,069 3,356
Capex / Sales 3.63% 6.24% 7.61% 5.28% 4.19% 4.78% 5.25% 5.34%
Announcement Date 3/3/20 2/25/21 2/22/22 2/28/23 2/26/24 - - -
1BRL in Million2BRL
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
20.8 BRL
Average target price
18.82 BRL
Spread / Average Target
-9.53%
Consensus