Financials JBS S.A.

Equities

JBSS3

BRJBSSACNOR8

Food Processing

Market Closed - Sao Paulo 16:07:49 2024-04-26 EDT 5-day change 1st Jan Change
22.91 BRL +3.57% Intraday chart for JBS S.A. +3.57% -8.03%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 68,758 62,069 88,382 48,776 55,253 50,817 - -
Enterprise Value (EV) 1 111,752 116,501 157,661 127,948 129,311 126,469 122,639 117,146
P/E ratio 11.3 x 13.7 x 4.59 x 3.17 x -51.9 x 12.1 x 9.27 x 8.11 x
Yield 2.1% 1.77% 5.27% - 4.01% 3.84% 3.14% 10.3%
Capitalization / Revenue 0.34 x 0.23 x 0.25 x 0.13 x 0.15 x 0.14 x 0.13 x 0.12 x
EV / Revenue 0.55 x 0.43 x 0.45 x 0.34 x 0.36 x 0.34 x 0.32 x 0.29 x
EV / EBITDA 5.62 x 3.94 x 3.45 x 3.7 x 7.54 x 5.15 x 4.71 x 4.11 x
EV / FCF 8.71 x 3.83 x 9.18 x - 68.1 x 6.19 x 6.6 x 6.8 x
FCF Yield 11.5% 26.1% 10.9% - 1.47% 16.2% 15.1% 14.7%
Price to Book 2.32 x 1.54 x 1.97 x 1.05 x 1.27 x 1.07 x 1.08 x 1.02 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 22.91 22.91 22.91
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 1 204,524 270,204 350,696 374,852 363,816 373,618 389,091 408,019
EBITDA 1 19,881 29,555 45,662 34,568 17,159 24,544 26,065 28,479
EBIT 1 13,449 21,717 36,634 24,715 6,434 13,901 15,217 17,073
Operating Margin 6.58% 8.04% 10.45% 6.59% 1.77% 3.72% 3.91% 4.18%
Earnings before Tax (EBT) 1 7,498 8,264 27,192 18,284 -1,398 6,648 8,439 8,872
Net income 1 6,068 4,598 20,487 15,458 -1,061 4,433 5,669 8,487
Net margin 2.97% 1.7% 5.84% 4.12% -0.29% 1.19% 1.46% 2.08%
EPS 2 2.280 1.730 8.260 6.930 -0.4800 1.891 2.472 2.825
Free Cash Flow 1 12,833 30,398 17,170 - 1,900 20,447 18,570 17,229
FCF margin 6.27% 11.25% 4.9% - 0.52% 5.47% 4.77% 4.22%
FCF Conversion (EBITDA) 64.55% 102.85% 37.6% - 11.07% 83.31% 71.25% 60.5%
FCF Conversion (Net income) 211.47% 661.08% 83.81% - - 461.28% 327.56% 203.01%
Dividend per Share 2 0.5406 0.4184 2.001 - 1.000 0.8786 0.7205 2.365
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 Q3 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 92,625 97,192 90,867 92,191 98,928 92,866 86,684 89,383 91,409 96,341 89,317 95,026 97,207 99,170 -
EBITDA 1 13,929 13,150 10,085 10,363 9,546 4,574 2,162 4,473 5,412 5,108 5,161 6,810 7,068 5,643 -
EBIT 1 11,645 10,646 7,649 7,698 6,993 1,950 -427.5 1,815 2,797 2,249 2,637 4,065 4,001 2,792 -
Operating Margin 12.57% 10.95% 8.42% 8.35% 7.07% 2.1% -0.49% 2.03% 3.06% 2.33% 2.95% 4.28% 4.12% 2.82% -
Earnings before Tax (EBT) 1 9,817 7,645 7,213 5,207 5,511 353 -2,149 -128.1 791 87.9 927.4 2,294 2,632 1,088 -
Net income 1 7,586 6,473 5,142 3,952 4,014 2,350 -1,453 -263.6 572.7 82.6 677.7 1,535 1,799 681 -
Net margin 8.19% 6.66% 5.66% 4.29% 4.06% 2.53% -1.68% -0.29% 0.63% 0.09% 0.76% 1.62% 1.85% 0.69% -
EPS 2 3.010 2.690 2.290 1.780 1.810 1.060 -0.6500 -0.1200 0.2600 0.0400 0.1838 0.6097 0.6977 0.3313 0.1430
Dividend per Share 2 - 1.000 - - - - - - - - 0.3000 0.8800 0.9100 0.9000 -
Announcement Date 21-11-10 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 - - - - -
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 75,652 71,822 66,329
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.163 x 1.842 x 1.517 x 2.29 x 4.316 x 3.082 x 2.756 x 2.329 x
Free Cash Flow 1 12,833 30,398 17,170 - 1,900 20,447 18,570 17,229
ROE (net income / shareholders' equity) 22% 13.2% 48.6% 34.2% -2.37% 11.7% 14% 17.8%
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 46,658 151,233 173,001 168,793
Book Value Per Share 2 11.10 15.40 19.20 20.90 19.50 21.30 21.30 22.60
Cash Flow per Share 2 5.160 8.950 8.660 5.980 5.180 1.800 6.170 6.740
Capex 1 4,089 5,622 9,389 10,974 7,132 6,535 7,483 9,185
Capex / Sales 2% 2.08% 2.68% 2.93% 1.96% 1.75% 1.92% 2.25%
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
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
22.91 BRL
Average target price
32.29 BRL
Spread / Average Target
+40.96%
Consensus