SLC Agrícola (BVMF:SLCE3) Full Year 2024 Results
Key Financial Results
- Revenue: R$6.92b (down 4.4% from FY 2023).
- Net income: R$509.4m (down 43% from FY 2023).
- Profit margin: 7.4% (down from 12% in FY 2023). The decrease in margin was primarily driven by lower revenue.
- EPS: R$1.16 (down from R$2.08 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SLC Agrícola EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.
The primary driver behind last 12 months revenue was the Land and Agricultural Operation segment contributing a total revenue of R$7.13b (103% of total revenue). Notably, cost of sales worth R$4.61b amounted to 67% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling R$1.01b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how SLCE3's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Food industry in Brazil.
Performance of the Brazilian Food industry.
The company's shares are down 2.9% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for SLC Agrícola (1 is concerning!) that you need to be mindful of.
Valuation is complex, but we're here to simplify it.
Discover if SLC Agrícola 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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