1. Brazil Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
BRF S.A.

BRF S.A.

BRFS3.SA
BRF S.A.BR flagB3 S.A.
17.95
BRL
-1.02
- -
28.75BMarket Cap
BRF S.A.
BRFS3.SA
(B3 S.A.)

Recent

price

17.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
17.4
24.79
28.11
28.42
30.38
31.72
36.4
33.1
33.54
35.42
39.23
46.44
56.96
51.12
39.42
37.13
39.34
Revenue per Share
0.13
0.88
1.5
0.84
1.16
2.43
3.52
-0.44
-1.33
-5.22
0.18
1.79
0.49
-3.01
-1.49
1.94
2.21
Basic EPS, GAAP
-1.85
2.7
-0.04
0.81
2.28
4.3
2.98
0.77
-0.1
-0.36
3.91
5.81
2.58
0.19
2.19
5.93
6.85
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
1.4
- -
- -
- -
- -
- -
- -
- -
0.69
0.7
Dividend per Share
-0.2
- -
15.63
13.63
16.37
13.63
14.09
14.79
14.76
9.6
9.77
11.61
12.17
9.95
9.81
8.08
9.36
Book Value per Share
9.54
10.26
10.63
10.76
10.87
12.43
9.98
6.58
5.35
2.95
3.64
4.23
3.15
5.12
6.99
5.94
7.18
Tangible Book Value per Share
914
915
914
914
915
914
885
842
844
852
853
850
849
1,053
1,360
1,653
1,626
Basic Weighted Avg Shares
15,906
22,681
25,706
25,974
27,787
29,007
32,197
27,884
28,314
30,188
33,447
39,470
48,343
53,805
53,615
61,379
63,949
Sales/Revenue/Turnover
0.49
6.6
7.57
5.21
7.2
11.55
13.77
6.82
2.21
-0.16
8.54
7.9
5.92
-0.27
1.42
10.88
11.19
Operating Margin (%)
545
780
886
942
1,117
1,230
1,317
1,410
1,632
1,747
2,301
2,394
2,746
2,992
3,225
3,525
3,533
Depreciation Expense
123
804
1,367
770
1,062
2,225
3,111
-372
-1,126
-4,448
152
1,518
419
-3,166
-2,029
3,213
3,586
Net Income, GAAP
65.1
19.62
10.28
- -
11.24
14.17
- -
604.55
- -
- -
- -
- -
- -
- -
- -
26.89
26.42
Effective Tax Rate (%)
0.77
3.55
5.32
2.96
3.82
7.67
9.66
-1.34
-3.98
-14.73
0.45
3.85
0.87
-5.88
-3.78
5.24
5.61
Profit Margin (%)
4,319
4,166
3,136
4,108
4,806
7,919
7,559
6,253
4,311
4,542
1,517
7,472
5,018
4,206
6,564
10,010
11,199
Working Capital
5,854
4,975
4,601
7,078
7,485
8,850
12,551
15,717
15,413
17,785
17,543
23,498
24,260
22,005
20,421
22,488
21,881
LT Debt
12,996
13,637
14,110
14,589
14,696
15,690
13,836
12,219
11,713
7,532
8,013
8,814
8,826
11,823
15,644
16,499
18,102
Total Equity
0.17
5.56
8.01
- -
7.13
10.82
- -
-31.24
- -
- -
- -
- -
- -
- -
- -
11.65
11.82
Return on Invested Capital (%)
7.6
15.34
12.14
- -
7.26
12.43
- -
-30.37
- -
- -
- -
- -
- -
- -
- -
13.11
13.69
Return on Capital (%)
- -
- -
19.13
5.76
7.75
16.22
24.97
-2.99
-9.03
-43.1
1.84
16.69
4.15
-30.44
-17.03
24.07
23.86
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
2,245
2,897
2,981
LT Borrowings
19,510
18,027
18,703
LT Finance Leases
2,978
3,131
3,178
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,621
1,600
1,602
Market Capitalization
41,957
32,264
32,742

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
30,830
31,459
32,864
Cash, Cash Equivalents & STI
12,059
12,982
15,094
Accounts Receivable, Net
6,075
5,028
3,903
Inventories
9,573
9,482
10,027
Total Current Liabilities
20,821
21,571
21,665
Payables & Accruals
16,257
16,832
16,834
ST Debt
2,245
2,897
2,981
Deferred Revenue
476
430
369

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.49%
16.37%
5.47%
Free Cash Flow
40.4%
311.9%
229.13%
Net Income, GAAP
0.26%
-63.86%
-258.4%
Sales/Revenue/Turnover
8.25%
13.18%
14.48%
Total Cash Common Dividend
- -
- -
-2.71%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
13,178
12,205
13,806
14,426
53,615
2024
13,378
14,930
15,523
17,549
61,379
2025
15,512
15,365
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.96
-1.26
-0.24
- -
-1.49
2024
0.3
0.59
0.62
0.43
1.94
2025
0.7
0.46
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
0.71
0.69
2025
- -
- -
- -
- -
- -
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Business
BRF S.A. (BRFS3.SA) is a leading Brazilian multinational food company that produces and sells a wide range of protein-based products, including poultry, pork, and processed meats under brands such as Sadia, Perdigão, and Qualy; pet food through brands like Guabi Natural and Pet Love; and plant-based alternatives via its Sweet line. The company offers fresh and frozen meats, ready-to-eat meals, spreads, pizzas, pastries, sauces, and industrial ingredients for foodservice and retail customers worldwide. BRF operates in over 140 countries, with major production facilities in Brazil, the Middle East, Asia, and Europe, targeting consumers, food processors, and quick-service restaurants. Founded in 1931 and headquartered in São Paulo, Brazil, BRF resulted from the 2009 merger of Sadia and Perdigão, positioning it as one of the world's largest protein producers by volume. In recent developments, BRF completed the acquisition of a majority stake in Seekor in 2024 to expand its pet food portfolio in Latin America; launched new sustainable packaging initiatives and halal-certified product lines for Middle Eastern markets in 2025; and formed a strategic partnership with Marfrig Global Foods to enhance beef processing capabilities amid supply chain optimizations. These moves support BRF's focus on diversification into pet nutrition and plant-based segments while strengthening export operations in Asia and the EU.