BRF Future Growth

Future criteria checks 3/6

BRF is forecast to grow earnings and revenue by 89.9% and 4.6% per annum respectively. EPS is expected to grow by 95% per annum. Return on equity is forecast to be 10.4% in 3 years.

Key information

89.9%

Earnings growth rate

95.0%

EPS growth rate

Food earnings growth	27.7%
Revenue growth rate	4.6%
Future return on equity	10.4%
Analyst coverage	Good
Last updated	26 Mar 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BASE:BRFSD - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	61,882	2,332	1,641	5,920	2
12/31/2025	58,443	1,195	1,863	5,172	9
12/31/2024	54,952	1,118	407	4,841	8
12/31/2023	53,615	-2,029	1,523	3,939	N/A
9/30/2023	53,958	-3,692	961	3,557	N/A
6/30/2023	54,208	-3,428	1,122	3,943	N/A
3/31/2023	54,942	-2,612	1,100	4,086	N/A
12/31/2022	53,805	-3,115	-1,193	1,876	N/A
9/30/2022	52,761	-1,250	-1,629	1,585	N/A
6/30/2022	51,095	-1,403	-1,259	1,984	N/A
3/31/2022	49,793	-1,063	-2,794	351	N/A
12/31/2021	48,343	499	949	3,924	N/A
9/30/2021	46,093	455	-11	2,660	N/A
6/30/2021	43,646	947	559	2,944	N/A
3/31/2021	41,113	1,454	2,858	4,967	N/A
12/31/2020	39,470	1,384	3,932	5,839	N/A
9/30/2020	37,286	1,166	4,705	6,443	N/A
6/30/2020	35,803	1,384	4,502	6,023	N/A
3/31/2020	35,037	1,268	3,939	5,338	N/A
12/31/2019	33,447	1,202	1,202	2,521	N/A
9/30/2019	32,446	834	1,068	2,341	N/A
6/30/2019	31,788	-447	-725	573	N/A
3/31/2019	30,517	-2,083	-1,190	124	N/A
12/31/2018	30,188	-2,115	-1,148	296	N/A
9/30/2018	25,645	-3,086	-147	1,030	N/A
6/30/2018	26,575	-2,110	151	1,361	N/A
3/31/2018	27,535	-830	551	1,877	N/A
12/31/2017	28,314	-967	-765	649	N/A
9/30/2017	33,159	-779	N/A	462	N/A
6/30/2017	32,934	-891	N/A	1,474	N/A
3/31/2017	33,422	-693	N/A	888	N/A
12/31/2016	33,733	-372	N/A	1,821	N/A
9/30/2016	34,097	1,503	N/A	1,465	N/A
6/30/2016	33,871	2,172	N/A	1,848	N/A
3/31/2016	33,269	2,506	N/A	2,542	N/A
12/31/2015	32,197	2,928	N/A	4,133	N/A
9/30/2015	31,289	2,504	N/A	5,439	N/A
6/30/2015	30,246	2,389	N/A	5,101	N/A
3/31/2015	29,349	2,274	N/A	5,531	N/A
12/31/2014	29,007	2,135	N/A	5,002	N/A
9/30/2014	26,435	1,305	N/A	4,393	N/A
6/30/2014	26,775	1,020	N/A	4,212	N/A
3/31/2014	27,285	980	N/A	3,724	N/A
12/31/2013	27,787	1,015	N/A	3,319	N/A
9/30/2013	30,458	1,374	N/A	3,063	N/A
6/30/2013	30,072	1,177	N/A	2,596	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRFSD is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.2%).

Earnings vs Market: BRFSD is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BRFSD is expected to become profitable in the next 3 years.

Revenue vs Market: BRFSD's revenue (4.6% per year) is forecast to grow slower than the AR market (15.1% per year).

High Growth Revenue: BRFSD's revenue (4.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BRFSD's Return on Equity is forecast to be low in 3 years time (10.4%).