• JBS’s 1Q Adjusted Ebitda outperformed estimates with R$6.43 billion, up from R$2.16 billion year on year (y/y), the estimate was R$5.18 billion.
• Seara’s Adjusted Ebitda was at R$1.19 billion, higher than the estimate of R$1.01 billion.
• JBS Brasil’s Adjusted Ebitda increased to R$643.3 million from R$296.6 million y/y, beating an estimate of R$585.4 million.
• JBS North America Beef experienced an Adjusted Ebitda loss of R$48.6 million, less than the estimated loss of R$143.8 million.
• JBS USA Pork’s Adjusted Ebitda was at R$1.55 billion, greatly surpassing the estimate of R$836.8 million.
• JBS Australia Adjusted Ebitda turned a profit with R$614 million, as compared to a loss of R$17.7 million y/y, but slightly lower than the estimate of R$655.7 million.
• Pilgrim’s Pride had an Adjusted Ebitda of R$2.48 billion, a 78% increase y/y, outpacing the estimate of R$2.31 billion.
• The net income was declared at R$1.65 billion, a significant improvement from the loss of R$1.45 billion y/y, and beyond the estimate of R$675.5 million.
• The net revenue was reported at R$89.15 billion, a slight increase of 2.8% y/y, almost in line with the estimate of R$89.19 billion.
• The company’s net debt was at R$79.27 billion, a reduction of 4.9% from the previous year, nearly matching the estimate of R$78.8 billion.
• The net debt / Ebitda ratio slightly increased to 3.7 times, up by 18% y/y.
A look at JBS S/A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assessed JBS S/A, a leading meat processor, utilizing their proprietary Smart Scores system. The scores for JBS S/A indicate a favorable long-term outlook for investors, with a strong emphasis on dividends and momentum. The company received a high score of 5 for its dividend yield, signaling a promising return for shareholders. Additionally, JBS S/A scored well in terms of momentum with a score of 4, suggesting positive market performance and investor interest.
Although JBS S/A scored lower in areas such as growth and resilience, with scores of 2 for both factors, the overall outlook remains positive. The company’s core business of processing meats, including beef, pork, lamb, and chicken, positions it strongly in the global market. With a focus on delivering value to investors and a solid dividend track record, JBS S/A is well-positioned to weather market fluctuations and drive long-term growth.
### JBS S.A. operates as a processor of a range of meats. The Company processes meats, such as beef, pork, lamb, and chicken, as well as the hides. JBS exports its products throughout the world. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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