BRF Future Growth

Future criteria checks 3/6

BRF is forecast to grow earnings and revenue by 105.4% and 4.9% per annum respectively. EPS is expected to grow by 91.9% per annum. Return on equity is forecast to be 10.9% in 3 years.

Key information

105.4%

Earnings growth rate

91.9%

EPS growth rate

Food earnings growth	58.0%
Revenue growth rate	4.9%
Future return on equity	10.9%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

BRF S.A. (BVMF:BRFS3) Annual Results: Here's What Analysts Are Forecasting For This Year

Feb 29

Recent updates

BRF (BVMF:BRFS3) Has A Somewhat Strained Balance Sheet

Mar 27

BRF S.A. (BVMF:BRFS3) Annual Results: Here's What Analysts Are Forecasting For This Year

Feb 29

Analyst Estimates: Here's What Brokers Think Of BRF S.A. (BVMF:BRFS3) After Its First-Quarter Report

May 18

Is There Now An Opportunity In BRF S.A. (BVMF:BRFS3)?

May 09

Is BRF (BVMF:BRFS3) Using Too Much Debt?

Mar 26

Is Now The Time To Look At Buying BRF S.A. (BVMF:BRFS3)?

Jan 27

Earnings and Revenue Growth Forecasts

BOVESPA:BRFS3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	62,582	686	1,641	6,024	4
12/31/2025	58,780	1,073	1,863	5,243	10
12/31/2024	55,929	895	407	5,036	10
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: BRFS3 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (9.9%).

Earnings vs Market: BRFS3 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BRFS3 is expected to become profitable in the next 3 years.

Revenue vs Market: BRFS3's revenue (4.9% per year) is forecast to grow slower than the BR market (7.1% per year).

High Growth Revenue: BRFS3's revenue (4.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BRFS3's Return on Equity is forecast to be low in 3 years time (10.9%).

BRF Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target increased by 9.8% to R$16.17

Price target increased by 9.0% to R$15.45

BRF S.A. (BVMF:BRFS3) Annual Results: Here's What Analysts Are Forecasting For This Year

Price target increased by 7.7% to R$13.86

Price target increased by 9.1% to R$13.16

Consensus EPS estimates fall by 86%

Recent updates

New minor risk - Share price stability

Price target increased by 9.8% to R$16.17

Price target increased by 9.0% to R$15.45

BRF (BVMF:BRFS3) Has A Somewhat Strained Balance Sheet

BRF S.A. (BVMF:BRFS3) Annual Results: Here's What Analysts Are Forecasting For This Year

Full year 2023 earnings released

A Piece Of The Puzzle Missing From BRF S.A.'s (BVMF:BRFS3) Share Price

Price target increased by 7.7% to R$13.86

Price target increased by 9.1% to R$13.16

Is BRF (BVMF:BRFS3) Using Debt In A Risky Way?

BRF S.A., Annual General Meeting, Mar 28, 2024

Consensus EPS estimates fall by 86%

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Share price stability

At R$10.05, Is BRF S.A. (BVMF:BRFS3) Worth Looking At Closely?

Lacklustre Performance Is Driving BRF S.A.'s (BVMF:BRFS3) Low P/S

Consensus EPS estimates fall by 47%

Second quarter 2023 earnings: Revenues miss analyst expectations

Consensus EPS estimates upgraded to R$0.93 loss

Consensus EPS estimates fall by 22%

Now 22% undervalued

Consensus EPS estimates upgraded to R$0.76 loss

Consensus EPS estimates fall by 23%

Price target decreased by 8.6% to R$10.20

Analyst Estimates: Here's What Brokers Think Of BRF S.A. (BVMF:BRFS3) After Its First-Quarter Report

First quarter 2023 earnings: Revenues exceed analyst expectations

Consensus EPS estimates fall by 14%

Is There Now An Opportunity In BRF S.A. (BVMF:BRFS3)?

Consensus EPS estimates fall by 11%

Price target decreased by 12% to R$11.74

Is BRF (BVMF:BRFS3) Using Too Much Debt?

Price target decreased by 7.0% to R$12.47

Price target decreased by 11% to R$13.41

High number of new and inexperienced directors

Price target decreased by 7.8% to R$14.56

Price target decreased by 8.4% to R$15.03

BRF S.A. to Report Q4, 2022 Results on Feb 28, 2023

Consensus EPS estimates fall by 22%

Now 26% undervalued after recent price drop

Is Now The Time To Look At Buying BRF S.A. (BVMF:BRFS3)?

Consensus forecasts updated

BRF S.A. Announces Executive Changes

Consensus forecasts updated

Price target decreased to R$17.50

BRF S.A., Annual General Meeting, Apr 12, 2023

High number of new and inexperienced directors

Third quarter 2022 earnings: EPS misses analyst expectations

Consensus forecasts updated

BRF S.A. SHS to Be Deleted from OTC Equity

BRF S.A Announces Executive Changes

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

BRF S.A. Announces That Its Production Facility Located At KIZAD, Abu Dhabi, in the United Arab Emirates Authorize by the Saudi Food and Drug Authority

Consensus forecasts updated

Consensus forecasts updated

BRF S.A. Announces Grazielle Tallia Parenti Shall Cease to Integrate the Company's Executive Board

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target decreased to R$21.38

Now 25% undervalued after recent price drop

Price target decreased to R$22.00

Price target decreased to R$23.15

High number of new and inexperienced directors

Consensus forecasts updated

Price target decreased to R$26.38

Full year 2021 earnings: EPS exceeds analyst expectations

Consensus forecasts updated

Investor sentiment deteriorated over the past week

Consensus forecasts updated

Consensus forecasts updated

Third quarter 2021 earnings released: R$0.34 loss per share (vs R$0.27 profit in 3Q 2020)