企業概要
JBS N.V. is a global leader in the processing of animal proteins, orchestrating the end-to-end production and marketing of beef, pork, lamb, and poultry alongside prepared foods and leather operations. The enterprise operates within the Consumer Defensive sector, specifically classified under the Packaged Foods industry, which implies a business model resilient to economic downturns due to the essential nature of protein consumption. As the largest entity in its category, the company commands a market capitalization of $19.73 billion and generates annual revenue reaching $86.18 billion, supported by a workforce of 283,000 employees. These valuation and revenue figures underscore a massive scale of operation that positions JBS as a dominant player with significant global market share, necessitating diversified supply chains and extensive logistical networks to manage such a vast asset base.
財務健全性
The company reports a trailing twelve-month revenue of $86.18 billion, yielding a net income of $2.02 billion and an EBITDA of $6.29 billion, which highlights a significant cost structure where operating expenses and taxes consume approximately 76% of the gross revenue before reaching net profit. While free cash flow stands at $254.51 million, this figure represents the cash remaining after capital expenditures, indicating limited immediate financial flexibility for aggressive expansion or heavy debt reduction without external financing. Profitability analysis reveals a gross margin of 13.1%, an operating margin of 4.3%, and a profit margin of 2.3%, suggesting that the business relies on high volume rather than high pricing power to generate earnings. On the balance sheet, cash holdings of $4.57 billion are contrasted against total debt of $23.99 billion, resulting in a debt-to-equity ratio of 251.95, which signifies a highly leveraged financial structure typical of capital-intensive industrial firms. The current ratio of 1.60 indicates that the company holds 1.60 units of current assets for every unit of current liabilities, demonstrating adequate short-term liquidity to meet obligations. Return on equity is calculated at 25.3% while return on assets sits at 6.4%, metrics that reveal management's effectiveness in generating returns relative to shareholder equity and total asset deployment, respectively.
バリュエーション評価
Valuation metrics show a trailing P/E ratio of 9.75 compared to a forward P/E of 9.77, implying that the market expects earnings growth to be roughly in line with current performance rather than a significant acceleration or deceleration in the near term. The price-to-book ratio stands at 2.26, indicating that the market values the company at more than double its book value, reflecting expectations of future growth or intangible assets not captured on the balance sheet. Alternative valuation multiples include a price-to-sales ratio of 0.23 and an EV/EBITDA of 6.36, suggesting that the stock is priced at a significant discount relative to its sales and earnings generation capabilities. The stock has traded between a 52-week high of $18.49 and a 52-week low of $12.37, with the current price positioning within this historical range subject to prevailing market conditions. Beta data is listed as N/A, meaning volatility relative to the broader market cannot be quantified using standard historical measures provided in the current dataset.
Growth & Income
Revenue growth for the trailing twelve months is reported at 15.5%, whereas earnings growth is negative at -10.5%, indicating that top-line expansion is occurring while profitability is contracting, likely due to rising input costs or margin compression in specific geographic segments. The company offers a dividend yield of 7.3% with a payout ratio of 18.1%, a combination that suggests the dividend is well-covered by earnings despite the negative earnings growth rate, though reliance on cash reserves or debt financing to sustain this payout warrants monitoring. Given the high payout ratio and negative earnings growth, the sustainability of the dividend depends on operational improvements or cash flow generation rather than earnings expansion. Overall, the profile presents a high-yield income opportunity tempered by stagnant or declining profitability and a capital-intensive growth model that prioritizes scale over immediate margin expansion.