JBS (BVMF:JBSS3) Full Year 2024 Results
Key Financial Results
- Revenue: R$417.0b (up 15% from FY 2023).
- Net income: R$9.62b (up from R$1.06b loss in FY 2023).
- Profit margin: 2.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
- EPS: R$4.34 (up from R$0.48 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
JBS EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.
The primary driver behind last 12 months revenue was the Beef North America segment contributing a total revenue of R$131.3b (31% of total revenue). Notably, cost of sales worth R$354.2b amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to R$26.1b (49% of total expenses). Explore how JBSS3's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Food industry in Brazil.
Performance of the Brazilian Food industry.
The company's shares are up 9.9% from a week ago.
Risk Analysis
Be aware that JBS is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...
Valuation is complex, but we're here to simplify it.
Discover if JBS might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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