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SOJA3: Higher Revenue Outlook Will Support Repricing Despite Softer Margins

Rising Global Food Demand Will Fuel Resilient Seed Systems

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SOJA3
AnalystHighTarget
Not Invested
Published 31 Aug 2025
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Update shared on 28 Apr 2026

Fair value Decreased 19%
28 Apr
R$6.58
AnalystHighTarget's Fair Value
R$12.00
45.2% undervalued intrinsic discount
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1Y
-39.9%
7D
6.0%

Analysts have adjusted their price target on Boa Safra Sementes to R$12.00, reflecting updated assumptions around a lower discount rate, higher revenue growth expectations, slightly softer profit margins, and a reduced future P/E multiple.

Valuation Changes

  • Fair Value: revised from R$14.79 to R$12.00, a reduction of about 19%.
  • Discount Rate: adjusted from 18.75% to 18.09%, a modest decrease in the rate used to discount future cash flows.
  • Revenue Growth: updated from 4.65% to 7.25%, indicating higher projected top line expansion in R$ terms.
  • Net Profit Margin: moved from 5.76% to 5.50%, reflecting slightly softer expected profitability.
  • Future P/E: reduced from 28.76x to 15.65x, a sizeable cut in the assumed earnings multiple applied to Boa Safra Sementes.

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