Financials JBS S.A. OTC Markets

Equities

JBSAY

US4661101034

Food Processing

Market Closed - OTC Markets 15:57:49 2024-06-18 EDT 5-day change 1st Jan Change
10.55 USD +3.63% Intraday chart for JBS S.A. -1.31% +4.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 68,758 62,069 88,382 48,776 55,253 65,235 - -
Enterprise Value (EV) 1 111,752 116,501 157,661 127,948 129,311 141,670 138,124 133,597
P/E ratio 11.3 x 13.7 x 4.59 x 3.17 x -51.9 x 10.4 x 11.3 x 10.5 x
Yield 2.1% 1.77% 5.27% - 4.01% 3.14% 3.26% 5.95%
Capitalization / Revenue 0.34 x 0.23 x 0.25 x 0.13 x 0.15 x 0.17 x 0.16 x 0.16 x
EV / Revenue 0.55 x 0.43 x 0.45 x 0.34 x 0.36 x 0.37 x 0.35 x 0.32 x
EV / EBITDA 5.62 x 3.94 x 3.45 x 3.7 x 7.54 x 5.48 x 5.19 x 4.69 x
EV / FCF 8.71 x 3.83 x 9.18 x - 68.1 x 10.5 x 9.33 x 9.03 x
FCF Yield 11.5% 26.1% 10.9% - 1.47% 9.48% 10.7% 11.1%
Price to Book 2.32 x 1.54 x 1.97 x 1.05 x 1.27 x 1.36 x 1.39 x 1.28 x
Nbr of stocks (in thousands) 2,665,041 2,623,374 2,328,910 2,218,116 2,218,116 2,218,116 - -
Reference price 2 25.80 23.66 37.95 21.99 24.91 29.41 29.41 29.41
Announcement Date 20-03-25 21-03-24 22-03-21 23-03-21 24-03-26 - - -
1BRL in Million2BRL
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 204,524 270,204 350,696 374,852 363,816 377,931 397,627 413,023
EBITDA 1 19,881 29,555 45,662 34,568 17,159 25,873 26,596 28,464
EBIT 1 13,449 21,717 36,634 24,715 6,434 15,327 15,431 16,728
Operating Margin 6.58% 8.04% 10.45% 6.59% 1.77% 4.06% 3.88% 4.05%
Earnings before Tax (EBT) 1 7,498 8,264 27,192 18,284 -1,398 8,400 8,535 8,745
Net income 1 6,068 4,598 20,487 15,458 -1,061 6,047 5,896 7,682
Net margin 2.97% 1.7% 5.84% 4.12% -0.29% 1.6% 1.48% 1.86%
EPS 2 2.280 1.730 8.260 6.930 -0.4800 2.818 2.599 2.794
Free Cash Flow 1 12,833 30,398 17,170 - 1,900 13,431 14,804 14,798
FCF margin 6.27% 11.25% 4.9% - 0.52% 3.55% 3.72% 3.58%
FCF Conversion (EBITDA) 64.55% 102.85% 37.6% - 11.07% 51.91% 55.66% 51.99%
FCF Conversion (Net income) 211.47% 661.08% 83.81% - - 222.11% 251.08% 192.62%
Dividend per Share 2 0.5406 0.4184 2.001 - 1.000 0.9221 0.9586 1.750
Announcement Date 20-03-25 21-03-24 22-03-21 23-03-21 24-03-26 - - -
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 2025 Q2
Net sales 1 97,192 90,867 92,191 98,928 92,866 86,684 89,383 91,409 96,341 89,147 94,811 98,729 99,784 95,317 -
EBITDA 1 13,150 10,085 10,363 9,546 4,574 2,162 4,473 5,412 5,108 6,429 7,284 7,625 6,872 6,342 -
EBIT 1 10,646 7,649 7,698 6,993 1,950 -427.5 1,815 2,797 2,249 3,735 4,433 4,381 3,618 3,667 -
Operating Margin 10.95% 8.42% 8.35% 7.07% 2.1% -0.49% 2.03% 3.06% 2.33% 4.19% 4.68% 4.44% 3.63% 3.85% -
Earnings before Tax (EBT) 1 7,645 7,213 5,207 5,511 353 -2,149 -128.1 791 87.9 1,821 2,544 2,987 2,550 - -
Net income 1 6,473 5,142 3,952 4,014 2,350 -1,453 -263.6 572.7 82.6 1,646 1,723 2,055 1,733 - -
Net margin 6.66% 5.66% 4.29% 4.06% 2.53% -1.68% -0.29% 0.63% 0.09% 1.85% 1.82% 2.08% 1.74% - -
EPS 2 2.690 2.290 1.780 1.810 1.060 -0.6500 -0.1200 0.2600 0.0400 0.7400 0.6723 0.7257 0.5423 0.5615 0.8200
Dividend per Share 2 1.000 - - - - - - - - - 0.8800 0.9100 0.9000 - -
Announcement Date 22-03-21 22-05-11 22-08-11 22-11-10 23-03-21 23-05-11 23-08-14 23-11-13 24-03-26 24-05-14 - - - - -
1BRL in Million2BRL
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 42,994 54,432 69,279 79,172 74,058 76,436 72,889 68,363
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.163 x 1.842 x 1.517 x 2.29 x 4.316 x 2.954 x 2.741 x 2.402 x
Free Cash Flow 1 12,833 30,398 17,170 - 1,900 13,431 14,804 14,798
ROE (net income / shareholders' equity) 22% 13.2% 48.6% 34.2% -2.37% 15.6% 13.7% 15.8%
ROA (Net income/ Total Assets) 5.05% 3.17% 11% 7.44% -2.27% 2.93% 3.28% 5.03%
Assets 1 120,242 145,071 185,456 207,680 46,658 206,314 179,918 152,786
Book Value Per Share 2 11.10 15.40 19.20 20.90 19.50 21.70 21.10 23.00
Cash Flow per Share 2 5.160 8.950 8.660 5.980 5.180 5.850 7.150 7.150
Capex 1 4,089 5,622 9,389 10,974 7,132 6,697 7,576 9,345
Capex / Sales 2% 2.08% 2.68% 2.93% 1.96% 1.77% 1.91% 2.26%
Announcement Date 20-03-25 21-03-24 22-03-21 23-03-21 24-03-26 - - -
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
BUY
Number of Analysts
15
Last Close Price
29.41 BRL
Average target price
34.58 BRL
Spread / Average Target
+17.58%
Consensus