Stock Performance - BRF's stock closed at $3 75 with a +0 54% movement compared to the previous day [1] - The stock underperformed compared to the S&P 500's daily gain of 1%, the Dow's gain of 0 78%, and the Nasdaq's gain of 1 51% [1] - Over the past month, BRF's shares lost 12 85%, lagging behind the Consumer Staples sector's loss of 5 65% and the S&P 500's loss of 2 14% [1] Financial Results and Estimates - BRF is anticipated to report an EPS of $0 15, marking stability compared to the same quarter of the previous year [2] - The company is projected to report a revenue of $2 74 billion, reflecting a 61 67% rise from the equivalent quarter last year [2] - The Zacks Consensus EPS estimate has shifted 2 38% upward over the past month [5] Valuation Metrics - BRF has a Forward P/E ratio of 8 67, signifying a discount compared to the industry average of 16 33 [6] - The company holds a PEG ratio of 0 21, significantly lower than the industry average of 2 71 [6] Industry and Sector Analysis - The Food - Miscellaneous industry, part of the Consumer Staples sector, has a Zacks Industry Rank of 202, placing it in the bottom 20% of all industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7] Analyst Estimates and Stock Performance - Changes in analyst estimates are directly linked with the stock price performance in the near future [4] - The Zacks Rank system, which includes these estimate changes, has a track record of success with 1 stocks delivering an average annual return of +25% since 1988 [5] - BRF currently holds a Zacks Rank of 3 (Hold) [5]

Core Insights - Investors are comparing BRF (BRFS) and Kerry Group PLC (KRYAY) to determine which stock offers better value for investment [1] Valuation Metrics - BRF has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision activity compared to Kerry Group PLC, which has a Zacks Rank of 4 (Sell) [3] - BRF's forward P/E ratio is 8.86, significantly lower than KRYAY's forward P/E of 18.80, suggesting BRF may be undervalued [5] - The PEG ratio for BRF is 0.22, while KRYAY's PEG ratio is 1.91, indicating BRF has a better valuation relative to its expected earnings growth [5] - BRF's P/B ratio is 1.43, compared to KRYAY's P/B of 2.26, further supporting the argument that BRF is more attractively valued [6] - Overall, BRF has a Value grade of A, while KRYAY has a Value grade of C, highlighting BRF's superior valuation metrics [6] Conclusion - Given the stronger estimate revision activity and more attractive valuation metrics, BRF is positioned as the superior option for value investors at this time [7]

Financial Data and Key Metrics Changes - The company reported a net revenue of BRL15.5 billion, a 12% increase compared to the same period in 2023 [8][21] - EBITDA reached BRL3 billion, with a margin of 19.1%, marking the best quarterly result in the company's history [5][8] - Free cash flow performance was BRL1.8 billion, with the financial cycle converging to one day, the lowest level on record [9][20] - Net profit was BRL1 billion, with a 34% reduction in net debt compared to the same quarter of 2023 [21][20] Business Line Data and Key Metrics Changes - In Brazil, the processed categories achieved a 16.6% EBITDA margin, with significant market share gains [10][11] - The international segment saw an EBITDA margin of 22.2%, driven by good export price levels and recovery in pork cutlet margins [12][14] - The ingredients and pet segments reported an EBITDA margin of 13.3%, with increased participation in value-added items [14] Market Data and Key Metrics Changes - In Brazil, the company achieved a 40% market share in Bastos products, reflecting improvements in commercial execution [6] - The international market showed positive performance, particularly in Turkiye and the GCC, with a focus on market diversification [7][12] - The processed products in Turkiye accounted for 25% of turnover, indicating strong growth in that region [13] Company Strategy and Development Direction - The company continues to implement its BRF+ 2.0 strategy, which has been integrated into its culture and is yielding positive operational results [7][22] - There is a focus on expanding the value-added product portfolio and enhancing market presence, particularly in the Middle East [24] - The company is prioritizing growth investments, with a project pipeline of BRL1 billion for evaluation [43][63] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about stable demand in the domestic market, with expectations for continued price improvements [29][30] - The company anticipates a strong performance in the upcoming holiday season, with significant sales from Christmas kits [56] - Management highlighted the importance of operational efficiency and continuous improvement across all geographies [39][71] Other Important Information - The company celebrated its 90th anniversary of Perdigão, launching new campaigns to strengthen brand preference [11] - Sustainability efforts were highlighted, including certifications and educational programs benefiting local communities [17] - The company reported a diversified and long-term debt profile, maintaining a comfortable liquidity position [18] Q&A Session All Questions and Answers Question: Domestic market demand and pricing outlook - Management noted stable demand in the domestic market, with potential for price improvements due to competitive chicken pricing [29][30] Question: International market dynamics and processed goods - Management highlighted the growth of processed goods in Turkiye and the Gulf region, with expectations for continued market share gains [41][42] Question: Capital allocation priorities - The company emphasized prioritizing growth investments while also considering shareholder returns through a buyback program [62][63] Question: Grain prices and competition - Management discussed the stable grain scenario and the company's strategies to mitigate competition for corn purchases [66][70] Question: Insights on pork prices and international negotiations - Management provided insights on the international pork market, indicating no significant threats to pricing from external competition [96][97]

brf Sadia (2) Qualy 2 @ Barrit) brf Mapet 3Q24 RESULTS BIG CHICKE QUEIJO PERDIGÃO 90 ANOS 3Q24 Legal notice This presentation may include some statements that express the expectations, beliefs and assumptions of BRF S.A. ("BRF" or "Company") management about future events or results. Such statements do not correspond to historical facts, and are based on currently available competitive, financial and economic data, and on current projections about the industries in which BRF operates. Verbs such as "anticip ...

Financial Performance - The company reported a loss per share of R$ 0.61716 for the basic calculation, compared to a loss of R$ 2.21937 in the previous period[11]. - Net sales for Q3 2024 reached 13,163.9 million BRL, a 7.5% increase compared to 12,244.9 million BRL in Q3 2023[13]. - Gross profit for Q3 2024 was 3,592.9 million BRL, up from 2,601.8 million BRL in Q3 2023, reflecting a 38.2% increase[13]. - Operating income for Q3 2024 was 2,188.4 million BRL, compared to 769.4 million BRL in Q3 2023, marking a significant improvement[13]. - Net income for Q3 2024 was 1,024.6 million BRL, a recovery from a net loss of 387.0 million BRL in Q3 2023[13]. - Comprehensive income for Q3 2024 was 1,268.3 million BRL, compared to a loss of 367.2 million BRL in Q3 2023[16]. - The company reported a financial income of 218.5 million BRL in Q3 2024, down from 225.4 million BRL in Q3 2023[13]. - Selling expenses increased to 1,742.5 million BRL in Q3 2024 from 1,631.1 million BRL in Q3 2023, reflecting a 6.8% rise[13]. - The company experienced a foreign exchange loss of 25.1 million BRL in Q3 2024, compared to a gain of 315.5 million BRL in Q3 2023[13]. - The company reported a net income of R$1,137 million in 3Q24, a significant increase of 533.2% year-on-year, driven by a 12.4% revenue growth and reduced interest expenses[167]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to R$ 59,447,936 thousand, a decrease from R$ 59,752,626 thousand as of December 31, 2023[9]. - Current assets decreased to R$ 18,487,940 thousand from R$ 19,776,434 thousand, while total current liabilities decreased to R$ 22,880,495 thousand from R$ 25,546,764 thousand[9]. - Total liabilities decreased to R$ 59,447,936 thousand from R$ 60,489,987 thousand, indicating a reduction of approximately 1.7%[9]. - The company’s equity increased to R$ 16,530,050 thousand from R$ 14,923,428 thousand, showing a growth of about 10.8%[9]. - The company’s cash and cash equivalents were R$ 4,447,284 thousand, a decrease from R$ 4,701,549 thousand[9]. - Marketable securities decreased to R$ 34,120 thousand from R$ 412,107 thousand, a significant decline of approximately 91.7%[9]. - As of September 30, 2024, total shareholders' equity (consolidated) reached BRL 17,652,865, reflecting a robust financial standing[19]. Revenue and Growth - Consolidated revenues rose to R$48,024,931 in 2024 compared to R$43,297,294 in 2023, marking an increase of 11.5%[23]. - Revenues for the parent company increased to R$39,822,343 in 2024 from R$39,353,845 in 2023, representing a growth of 1.2%[23]. - The gross added value for the parent company increased to R$14,171,793 in 2024 from R$11,676,564 in 2023, a rise of 21.4%[23]. - The net added value for the parent company was R$12,022,805 in 2024, compared to R$9,627,652 in 2023, reflecting a growth of 24.5%[23]. Cash Flow and Investments - Net cash provided by operating activities for the parent company reached R$6,602,171 in 2024, up from R$601,758 in 2023[20]. - The consolidated net cash provided by operating activities was R$8,004,387 in 2024, significantly higher than R$2,275,778 in 2023[20]. - The company reported a net cash used in investing activities of R$2,333,557 in 2024, compared to R$1,554,505 in 2023[20]. - Proceeds from debt issuance amounted to R$2,005,582 in 2024, an increase from R$1,643,025 in 2023[20]. - Free cash flow for 3Q24 was R$1,839 million, an increase of R$1,859 million compared to 3Q23, indicating strong cash generation capabilities[178]. - The company's operating cash flow was R$3,362 million in 3Q24, up R$2,439 million year-on-year, with a cash conversion cycle reduced to 1.0 day, down 6.6 days from the previous year[180]. Market Position and Strategy - In Brazil, the company gained a 40% market share in processed products, with an EBITDA of R$1.2 billion and a margin of 16.6%[46]. - The International segment recorded a record EBITDA of R$1.6 billion, with a margin of 22.2%, driven by increased sales of processed products[48]. - BRF has gained 70 new export authorizations in 2024, enhancing its market diversification strategy[48]. - The partnership with Marfrig is a strategic driver for growth, focusing on operational and commercial synergies[39]. - The company continues to focus on sustainability, achieving animal welfare certification in Turkey and receiving the Gold Seal in the Brazilian GHG Protocol Program for transparency in emissions[50]. Operational Efficiency - The company captured R$330 million in efficiency gains from its BRF+ program in the quarter, totaling R$1.137 billion year-to-date[139]. - The company invested R$223 million in growth initiatives, focusing on production capacity for both domestic and international markets[186]. - Total CAPEX for 3Q24 was R$785 million, a 4.3% increase year-over-year, with significant allocations for biological assets and leasing[185]. - CAPEX for efficiency projects increased by 35.9% year-over-year, highlighting ongoing improvements in agricultural efficiency and cost reductions[187]. Financial Health and Credit Rating - Moody's upgraded the company's credit rating from "Ba3" to "Ba2" with a stable outlook, indicating improved financial health[196]. - The average term of debt increased to 8.5 years in 3Q24, reflecting a strategic focus on long-term financial stability[195]. - The company experienced a reduction in interest expenses by R$68 million in 3Q24 compared to 3Q23, attributed to lower average gross indebtedness and a decrease in the basic interest rate[162].

BRF (BRFS) is likely to register growth in top and bottom lines when it reports third-quarter 2024 earnings on Nov. 13. The Zacks Consensus Estimate for revenues is pegged at $2.90 billion, which indicates a 2.6% increase from the year-ago level. The consensus mark for quarterly earnings has remained unchanged in the past 30 days at 13 cents per share, indicating an improvement from a loss of 5 cents in the year-ago quarter.BRF, which produces and slaughters poultry and pork livestock for the production, pr ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today November 1st:BRF (BRFS) : This Brazil-based food company focused on the production and sale of poultry, pork, beef cuts, milk, dairy products, and processed food products, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.BRF has a PEG ratio of 0.26 compared with 2.09 for the industry. The company possess ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, October 31: BRF S.A. (BRFS) : This meat processing company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days. BRF S.A. has a PEG ratio of 0.25 compared with 2.10 for the industry. The company possesses a Growth Score of A. The Progressive Corporation (PGR) : This insurance holding company carries a Zacks Rank #1, and ...

In the latest trading session, BRF (BRFS) closed at $4.45, marking a -0.89% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.16%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq increased by 0.78%. The chicken, beef and pork producer's shares have seen an increase of 2.75% over the last month, surpassing the Consumer Staples sector's loss of 3.18% and the S&P 500's gain of 1.67%. The investment community will be paying clo ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today October 29th:The Greenbrier Companies (GBX) : This company which is a leading supplier of transportation equipment and services to the railroad and related industries, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.2% over the last 60 days.The Greenbrier Companies has a PEG ratio of 0.51 compared with 1.6 for the industry. Th ...