Poultry Industry News, Comments & More

JBS SA Reports on Q3 of FY 2021

11/11/2021

In a press release dated November10th multinational JBS SA (JBSAY) announced results for the 3rd Quarter ending October 30th

 

The following table summarizes the results for the period compared with the values for the corresponding quarter of the previous fiscal year (Values expressed as US$ x 1,000 except EPS. Conversion US$1= BRL 5.27)

 

3rd Quarter Ending October 30th

2021

2020

Difference (%)

Sales:

$17,609,376

$13,323,403

+32.3

Gross profit:

$3,663,656

$2,243,032

+63.3

Operating income:

$2,070,722

$955,270

+116.8

Pre-tax Income

Net Income

$1,866,334

$1,454,356

$756,033

$603,086

+146.8

+141.2

Diluted earnings per share:

$0.57

$0.22

+159.1

Gross Margin (%)

20.8

16.8

+23.8

Operating Margin (%)

11.8

7.2

+63.9

Profit Margin (%)

8.3

4.5

+84.4

Long-term Debt and leases:

Oct. 30 2021/Dec. 30 2020

$15,295,378

$12,695,649

+20.5

12 Months Trailing:

     

Return on Assets (%)

8.4

   

Return on Equity (%)

32.0

   

Operating Margin (%)

7.3

   

Profit Margin (%)

4.4

   

Total Assets Oct. 30 2021/Dec. 30 2020

$37,267,459

$31,081,937

+19.9

Intraday Market Capitalization

$17,060,000

   

 

52-Week Range in Share Price: $7.66 to $14.50 50-day Moving average $13.55

Market Close Pre-release Wednesday November 9th $13.77

Close Post-release Thursday November 10th $14.15

Forward P/E 13.7 Beta 0.3

 

Performance of subsidiaries:-

 

JBS USA Beef: Revenue $7.34B EBITDA $1.60B with margin of 21.8 percent

 

JBS USA Pork: Revenue $2.07B EBITDA $0.23B with margin of 10.8 percent

 

Pilgrim’s Pride: Revenue $3.80B EBITDA $0.46B with Margin of 11.8 percent

 

SEARA: Revenue $1.82B EBITDA $0.19B with Margin of 10.2 percent

 

JBS Brazil: Revenue $2.90B EBITDA $0.18B with Margin of 6.1 percent


 
Copyright © 2021 Simon M. Shane