- JBS 1Q Adjusted Ebitda reached R$6.43 billion, surpassing the previous year’s R$2.16 billion and R$5.18 billion estimate.
- Seara Adjusted Ebitda came in at R$1.19 billion compared to R$147.0 million y/y, above the estimated R$1.01 billion.
- JBS Brasil’s Adjusted Ebitda was R$643.3 million, jumping from the last year’s R$296.6 million and beating the R$585.4 million estimate.
- JBS North America Beef had an Adjusted Ebitda loss of R$48.6 million, which outperformed the estimated loss of R$143.8 million.
- JBS USA Pork Adjusted Ebitda soared to R$1.55 billion from R$231.7 million y/y, strongly ahead of the R$836.8 million estimate.
- JBS Australia’s Adjusted Ebitda was a positive R$614 million, up from a loss of R$17.7 million y/y, albeit slightly below the estimated R$655.7 million.
- Pilgrim’s Pride posted an Adjusted Ebitda R$2.48 billion, a 78% y/y increase, and topped the R$2.31 billion estimate.
- Net income bounced back to a R$1.65 billion gain from a R$1.45 billion loss y/y, greatly outperforming the R$675.5 million estimate.
- Net revenue showed a slight increase to R$89.15 billion, a 2.8% y/y growth, barely missing the R$89.19 billion estimate.
- JBS Brasil’s net revenue grew by 17% y/y to R$14.23 billion, exceeding the R$12.58 billion estimate.
- JBS North America Beef’s net revenue increased by 1% to R$27.64 billion, but fell short of the R$28.74 billion estimate.
- JBS Australia’s net revenue was R$7.16 billion, down 1.1% y/y, and missing the R$7.29 billion estimate.
- The adjusted Ebitda margin was 7.2%, well up from 2.5% y/y and beating the 5.79% estimate.
- Net debt decreased 4.9% y/y to R$79.27 billion, marginally exceeding the R$78.8 billion estimate, while net debt/Ebitda ratio increased by 18% y/y to 3.7 times.
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 are optimistic about the long-term outlook for JBS S/A, a meat processing company, based on the Smartkarma Smart Scores. While the company scores high in dividend payouts and momentum, it falls behind in growth and resilience factors. The value score for JBS S/A is moderate, indicating a fair valuation compared to its peers. With a strong focus on dividends and a positive market momentum, investors may see potential in JBS S/A despite challenges in growth and resilience areas.
JBS S/A, a global meat processor, has been noted for its robust dividend policy, earning a top score in this aspect. However, concerns arise regarding its growth prospects and resilience to market fluctuations, with lower scores in these categories. Despite these challenges, the company shows strong momentum, which can be an attractive factor for investors looking for short to medium-term opportunities in the meat industry.
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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