JBS N.V. (JBS) 10-Year Financial Performance & Capital Metrics

JBS • • Industrial / General

Consumer DefensivePackaged FoodsTraditional Packaged FoodsMulti-Portfolio Food Conglomerates

AboutJBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products. In addition, the company is involved in beef processing, such as slaughtering, refrigerating, industrializing, and production of canned beef by-products, as well as fish processing; leather production, processing, and commercialization; production and commercialization of steel cans, plastic resin, soap base for production, soap bar, biodiesel, glycerin, olein, oily acid, collagen, and wrapper derived from cattle tripe; industrial waste management; cold storage; and purchase and sale of soybeans, tallow, palm oil, caustic soda, and stearin. Further, it engages in chicken and pork processing, including raising, slaughtering, and processing of broiler chickens and hogs; production and commercialization of beef and food products; production of pet food and concentrates; electric power production, cogeneration, and commercialization; operates distribution centers and harbors; and provides transportation services and dog biscuits. Additionally, it produces beef jerky; offers cattle fattening and warehousing services; operates logistics; and trades in by products from processing. The company was founded in 1953 and is based in Amstelveen, Netherlands.Show more

Revenue $416.95B +14.6%
EBITDA $33.46B +137.9%
Net Income $9.62B +1006.3%
EPS (Diluted) 30.55 +1514.4%
Gross Margin 15.06% +38.1%
EBITDA Margin 8.02% +107.6%
Operating Margin 5.7% +291.1%
Net Margin 2.31% +890.9%
ROE 19.75% +1001.1%
ROIC 12.47% +333.3%
Debt/Equity 2.68 +14.1%
Interest Coverage 14.43 +371.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.3%
✓Good 3Y average ROE of 16.7%
✓Trading at only 0.7x book value
✓Efficient asset utilization: 1.7x turnover

✗Weaknesses

✗High debt to equity ratio of 2.7x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.22%

5Y15.31%

3Y4.78%

TTM-6.1%

Profit (Net Income) CAGR

10Y16.79%

5Y9.64%

3Y-23.22%

TTM22.87%

EPS CAGR

10Y45.67%

5Y68.04%

3Y52.7%

TTM231.11%

ROCE

10Y Avg13.07%

5Y Avg15.5%

3Y Avg11.44%

Latest14.06%

Peer Comparison

Multi-Portfolio Food Conglomerates

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HRLHormel Foods Corporation	13.6B	24.72	28.41	1.55%	3.95%	6.04%	3.93%	0.36
POSTPost Holdings, Inc.	5.06B	98.10	17.80	2.97%	4.11%	8.92%	9.64%	1.97
CPBCampbell Soup Company	8.02B	26.90	13.38	6.4%	5.69%	14.6%	8.79%	1.85
GISGeneral Mills, Inc.	24.33B	45.60	11.12	-1.87%	15.24%	30.67%	9.42%	1.66
KHCThe Kraft Heinz Company	28.69B	24.24	10.73	-2.98%	-17.35%	-10.5%	11.01%	0.40
CAGConagra Brands, Inc.	8.31B	17.37	7.21	-3.64%	7.42%	9.53%	15.68%	0.93
JBSJBS N.V.	12.29B	15.09	0.49	14.61%	2.4%	94.15%	100%	2.68
BGSB&G Foods, Inc.	359.1M	4.49	-1.41	-6.3%	-13.61%	-53.21%	28.86%	3.96

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	162.91B	170.38B	163.17B	181.68B	204.52B	270.2B	362.5B	383.97B	363.82B	416.95B
Revenue Growth %	0.35%	0.05%	-0.04%	0.11%	0.13%	0.32%	0.34%	0.06%	-0.05%	0.15%
Cost of Goods Sold+	140.32B	149.07B	139.4B	155.34B	172.58B	224.99B	294.01B	322.93B	324.17B	354.18B
COGS % of Revenue	0.86%	0.87%	0.85%	0.86%	0.84%	0.83%	0.81%	0.84%	0.89%	0.85%
Gross Profit+	22.59B	21.31B	23.77B	26.34B	31.95B	45.22B	68.49B	61.04B	39.65B	62.77B
Gross Margin %	0.14%	0.13%	0.15%	0.14%	0.16%	0.17%	0.19%	0.16%	0.11%	0.15%
Gross Profit Growth %	0.21%	-0.06%	0.12%	0.11%	0.21%	0.42%	0.51%	-0.11%	-0.35%	0.58%
Operating Expenses+	13.47B	14.73B	17.04B	19.18B	18.5B	24.77B	35.14B	35.75B	34.35B	39.01B
OpEx % of Revenue	0.08%	0.09%	0.1%	0.11%	0.09%	0.09%	0.1%	0.09%	0.09%	0.09%
Selling, General & Admin	13.4B	14.4B	17.11B	16.38B	18.49B	23.99B	29.77B	34.95B	33.98B	36.99B
SG&A % of Revenue	0.08%	0.08%	0.1%	0.09%	0.09%	0.09%	0.08%	0.09%	0.09%	0.09%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	66.73M	325.27M	-69.15M	2.8B	5.16M	778.1M	5.36B	798.25M	332.58M	1.99B
Operating Income+	9.12B	6.58B	6.73B	7.16B	13.45B	20.45B	33.35B	25.29B	5.3B	23.76B
Operating Margin %	0.06%	0.04%	0.04%	0.04%	0.07%	0.08%	0.09%	0.07%	0.01%	0.06%
Operating Income Growth %	0.11%	-0.28%	0.02%	0.06%	0.88%	0.52%	0.63%	-0.24%	-0.79%	3.48%
EBITDA+	12.79B	11.06B	11.17B	11.93B	18.54B	26.85B	42.68B	35.38B	14.06B	33.46B
EBITDA Margin %	0.08%	0.06%	0.07%	0.07%	0.09%	0.1%	0.12%	0.09%	0.04%	0.08%
EBITDA Growth %	0.19%	-0.14%	0.01%	0.07%	0.55%	0.45%	0.59%	-0.17%	-0.6%	1.38%
D&A (Non-Cash Add-back)	3.67B	4.48B	4.45B	4.78B	5.09B	6.4B	9.33B	10.09B	8.76B	9.69B
EBIT	9.12B	7.04B	6.69B	7.33B	13.2B	21.27B	33.65B	25.89B	5.96B	25.69B
Net Interest Income+	-2.46B	-3.32B	-4.5B	-3.65B	-4.07B	-3.77B	-830.84M	-1.07B	-1.41B	-1.19B
Interest Income	0	0	0	0	0	0	144.33M	268.42M	326.44M	453.73M
Interest Expense	2.46B	3.32B	4.5B	3.65B	4.07B	3.77B	975.16M	1.34B	1.73B	1.65B
Other Income/Expense	-1.24B	0	-5.58B	0	-5.95B	-12.19B	-5.13B	-6.5B	-6.7B	-8.94B
Pretax Income+	7.88B	290.82M	1.15B	-1.1B	7.5B	8.26B	28.22B	18.79B	-1.4B	14.82B
Pretax Margin %	0.05%	0%	0.01%	-0.01%	0.04%	0.03%	0.08%	0.05%	-0%	0.04%
Income Tax+	2.75B	-274.26M	126.29M	-1.31B	1.03B	3.61B	6.93B	2.17B	-668.94M	4.12B
Effective Tax Rate %	0.59%	0.8%	0.46%	-0.02%	0.81%	0.56%	0.75%	0.84%	0.76%	0.65%
Net Income+	4.64B	233.56M	534.2M	25.2M	6.07B	4.6B	21.24B	15.85B	-1.06B	9.62B
Net Margin %	0.03%	0%	0%	0%	0.03%	0.02%	0.06%	0.04%	-0%	0.02%
Net Income Growth %	1.28%	-0.95%	1.29%	-0.95%	239.82%	-0.24%	3.62%	-0.25%	-1.07%	10.06%
Net Income (Continuing)	5.13B	565.09M	1.03B	210.12M	6.46B	4.65B	21.28B	16.62B	-729.14M	10.7B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.59B	1.14B	1.85B	2.3B	2.85B	3.42B	3.68B	3.46B	3.65B	5.59B
EPS (Diluted)+	1.60	0.09	0.19	0.01	2.28	1.73	8.58	7.09	-2.16	30.55
EPS Growth %	1.25%	-0.95%	1.21%	-0.95%	-	-0.24%	3.96%	-0.17%	-1.3%	15.14%
EPS (Basic)	1.60	0.09	0.19	0.01	2.28	1.73	8.58	7.09	-2.16	30.55
Diluted Shares Outstanding	2.9B	2.73B	2.85B	2.67B	2.67B	2.66B	2.48B	2.25B	2.22B	2.22B
Basic Shares Outstanding	2.9B	2.72B	2.83B	2.66B	2.66B	2.66B	2.48B	2.25B	2.22B	2.22B
Dividend Payout Ratio	0.1%	4.72%	0.17%	5.04%	0%	0.31%	0.35%	0.28%	-	0.46%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	49.81B	33.92B	36.11B	36.9B	41.92B	60.54B	83.91B	79.39B	78.6B	106.02B
Cash & Short-Term Investments	18.84B	9.36B	11.74B	8.94B	10.03B	19.68B	23.24B	13.18B	22.12B	34.76B
Cash Only	18.84B	9.36B	11.74B	8.94B	10.03B	19.68B	23.24B	13.18B	22.12B	34.76B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	12.12B	9.59B	9.33B	9.66B	11.14B	14B	19.88B	20.23B	16.42B	23.13B
Days Sales Outstanding	27.15	20.54	20.88	19.4	19.87	18.91	20.01	19.24	16.47	20.25
Inventory	13.98B	12.28B	12.45B	14.5B	17.35B	22.7B	33.95B	37.85B	32.99B	41.02B
Days Inventory Outstanding	36.37	30.07	32.6	34.08	36.69	36.83	42.15	42.78	37.14	42.27
Other Current Assets	4.86B	2.69B	2.58B	3.8B	3.41B	4.15B	6.85B	8.12B	7.08B	7.11B
Total Non-Current Assets+	72.69B	68.9B	72.59B	77.25B	84.42B	103.26B	123.34B	128.72B	127.53B	145.92B
Property, Plant & Equipment	36.48B	34.09B	34.53B	36.28B	44.06B	54.74B	67.05B	73.16B	73.37B	86.05B
Fixed Asset Turnover	4.47x	5.00x	4.73x	5.01x	4.64x	4.94x	5.41x	5.25x	4.96x	4.85x
Goodwill	24.41B	21.92B	22.49B	23.78B	24.5B	28.89B	32.56B	30.41B	29.56B	33.54B
Intangible Assets	6.89B	5.01B	5.51B	5.82B	6.05B	7.82B	12B	10.33B	9.61B	11.17B
Long-Term Investments	354.13M	362.63M	64.01M	84.97M	93.63M	171.1M	243.19M	294.84M	274.02M	237.24M
Other Non-Current Assets	4.55B	7.52B	10B	11.29B	9.71B	11.65B	11.48B	14.52B	14.71B	14.92B
Total Assets+	122.5B	102.82B	108.7B	114.15B	126.34B	163.8B	207.25B	208.11B	206.13B	251.94B
Asset Turnover	1.33x	1.66x	1.50x	1.59x	1.62x	1.65x	1.75x	1.85x	1.76x	1.65x
Asset Growth %	0.49%	-0.16%	0.06%	0.05%	0.11%	0.3%	0.27%	0%	-0.01%	0.22%
Total Current Liabilities+	40.14B	33.35B	29.18B	21.6B	28.46B	40.84B	59.81B	55.16B	47.91B	72.18B
Accounts Payable	12.42B	10.72B	9.99B	12.17B	15.44B	22.2B	30.22B	31.01B	25.45B	33.84B
Days Payables Outstanding	32.31	26.24	26.17	28.58	32.65	36.01	37.51	35.05	28.66	34.88
Short-Term Debt	20.91B	18.15B	13.53B	3.83B	4.09B	6.66B	14.6B	11.3B	8.91B	17.42B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	3.55B	1.46B	2.17B	1.57B	3.37B	4.33B	5.66B	4.09B	4.87B	9.25B
Current Ratio	1.24x	1.02x	1.24x	1.71x	1.47x	1.48x	1.40x	1.44x	1.64x	1.47x
Quick Ratio	0.89x	0.65x	0.81x	1.04x	0.86x	0.93x	0.84x	0.75x	0.95x	0.90x
Cash Conversion Cycle	31.22	24.37	27.32	24.89	23.91	19.73	24.65	26.97	24.95	27.64
Total Non-Current Liabilities+	52.74B	45.95B	53.38B	64.6B	65.4B	79.42B	99.65B	103.14B	111.22B	129.38B
Long-Term Debt	44.98B	38.11B	43.5B	53.23B	50.95B	61.34B	80.6B	84.13B	92.51B	106.77B
Capital Lease Obligations	0	0	0	0	3.77B	4.81B	6.78B	7.2B	7.21B	8.66B
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	7.77B	7.84B	9.88B	11.37B	10.68B	13.27B	12.26B	11.82B	11.51B	13.95B
Total Liabilities	92.88B	79.3B	82.56B	86.2B	93.86B	120.26B	159.45B	158.3B	159.13B	201.57B
Total Debt+	65.88B	56.26B	57.02B	57.06B	59.75B	74.11B	103.61B	104.41B	110.33B	134.93B
Net Debt	47.04B	46.9B	45.28B	48.13B	49.72B	54.43B	80.37B	91.23B	88.2B	100.17B
Debt / Equity	2.22x	2.39x	2.18x	2.04x	1.84x	1.70x	2.17x	2.10x	2.35x	2.68x
Debt / EBITDA	5.15x	5.09x	5.10x	4.78x	3.22x	2.76x	2.43x	2.95x	7.85x	4.03x
Net Debt / EBITDA	3.68x	4.24x	4.05x	4.03x	2.68x	2.03x	1.88x	2.58x	6.27x	2.99x
Interest Coverage	3.71x	1.98x	1.49x	1.96x	3.31x	5.43x	34.20x	18.84x	3.06x	14.43x
Total Equity+	29.62B	23.52B	26.14B	27.95B	32.48B	43.54B	47.8B	49.81B	47B	50.37B
Equity Growth %	0.16%	-0.21%	0.11%	0.07%	0.16%	0.34%	0.1%	0.04%	-0.06%	0.07%
Book Value per Share	10.22	8.60	9.19	10.48	12.18	16.40	19.28	22.09	21.19	22.71
Total Shareholders' Equity	28.03B	22.37B	24.29B	25.65B	29.64B	40.12B	44.12B	46.34B	43.35B	44.78B
Common Stock	23.58B	23.58B	23.58B	23.58B	23.58B	23.58B	23.58B	23.58B	23.58B	23.58B
Retained Earnings	4.76B	3.65B	2.28B	2.49B	5.22B	7.17B	13.49B	18.65B	15.38B	18.35B
Treasury Stock	-903.57M	-1.63B	0	-624.14M	-605.72M	-303.56M	-3.04B	0	0	0
Accumulated OCI	387.79M	-3.44B	-1.78B	-10.39M	1.23B	9.47B	9.88B	3.9B	4.18B	2.65B
Minority Interest	1.59B	1.14B	1.85B	2.3B	2.85B	3.42B	3.68B	3.46B	3.65B	5.59B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.38B	3.67B	5.2B	7.44B	13.77B	23.78B	21.48B	13.33B	11.5B	23.56B
Operating CF Margin %	0.05%	0.02%	0.03%	0.04%	0.07%	0.09%	0.06%	0.03%	0.03%	0.06%
Operating CF Growth %	-0.18%	-0.5%	0.42%	0.43%	0.85%	0.73%	-0.1%	-0.38%	-0.14%	1.05%
Net Income	4.64B	233.56M	534.2M	25.2M	6.07B	4.6B	20.49B	15.46B	-1.06B	9.62B
Depreciation & Amortization	3.69B	4.5B	4.47B	4.8B	6.31B	7.84B	9.03B	9.85B	10.73B	11.81B
Stock-Based Compensation	39.74M	143.3M	122.64M	118.11M	49.19M	-5.25M	63.43M	39.13M	34.42M	85.6M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-190.33M	599.92M	1.95B	4.52B	4.71B	13.37B	12.74B	-3.16B	-1.61B	9.39B
Working Capital Changes	-797.57M	-1.81B	-1.87B	-2.02B	-3.37B	-2.02B	-20.84B	-8.85B	3.41B	-7.34B
Change in Receivables	1.05B	-225.97M	-234.03M	673.18M	-259.22M	778.49M	-4.27B	-1.3B	3.13B	-2.02B
Change in Inventory	-866.69M	-1.16B	-1.06B	-2.13B	-3.13B	-3.53B	-11.79B	-6.78B	-300.66M	-4.73B
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-20.76B	-3.54B	-2.43B	-1.74B	-5.85B	-7.83B	-18.86B	-13.12B	-7.02B	-7.73B
Capital Expenditures	-5.45B	-3.48B	-3.11B	-2.83B	-4.24B	-5.99B	-9.62B	-11.23B	-7.49B	-8.08B
CapEx % of Revenue	0.03%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	169.72M	423.38M	2.53B	1.13B	625.42M	339.15M	102.65M	81.04M	485.19M	382.02M
Cash from Financing+	15.17B	-8.1B	-634.37M	-9.99B	-6.44B	-9.02B	-844.5M	-8.76B	5.01B	-7.3B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-482.73M	-1.1B	-93.35M	-126.88M	-5.98M	-1.44B	-7.4B	-4.44B	-2.22B	-4.44B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	8.42B	-6.92B	43.55M	135.29M	-38.77M	-712.53M	-575.4M	-939.51M	-218.37M	-1.16B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.93B	187.16M	2.09B	4.62B	9.53B	17.8B	11.86B	2.11B	4.01B	15.47B
FCF Margin %	0.01%	0%	0.01%	0.03%	0.05%	0.07%	0.03%	0.01%	0.01%	0.04%
FCF Growth %	-0.64%	-0.9%	10.18%	1.21%	1.06%	0.87%	-0.33%	-0.82%	0.9%	2.86%
FCF per Share	0.67	0.07	0.74	1.73	3.57	6.70	4.78	0.93	1.81	6.98
FCF Conversion (FCF/Net Income)	1.59x	15.70x	9.74x	295.35x	2.27x	5.17x	1.01x	0.84x	-10.84x	2.45x
Interest Paid	4.14B	4.12B	3.91B	4.4B	3.6B	3.5B	3.94B	4.8B	6.44B	8.02B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.79%	0.88%	2.15%	0.09%	20.08%	12.1%	46.51%	32.48%	-2.19%	19.75%
Return on Invested Capital (ROIC)	10.21%	6.72%	7.12%	7.28%	12.75%	17.02%	22.12%	14.09%	2.88%	12.47%
Gross Margin	13.87%	12.51%	14.57%	14.5%	15.62%	16.73%	18.89%	15.9%	10.9%	15.06%
Net Margin	2.85%	0.14%	0.33%	0.01%	2.97%	1.7%	5.86%	4.13%	-0.29%	2.31%
Debt / Equity	2.22x	2.39x	2.18x	2.04x	1.84x	1.70x	2.17x	2.10x	2.35x	2.68x
Interest Coverage	3.71x	1.98x	1.49x	1.96x	3.31x	5.43x	34.20x	18.84x	3.06x	14.43x
FCF Conversion	1.59x	15.70x	9.74x	295.35x	2.27x	5.17x	1.01x	0.84x	-10.84x	2.45x
Revenue Growth	35.23%	4.58%	-4.23%	11.34%	12.57%	32.11%	34.16%	5.92%	-5.25%	14.61%

Frequently Asked Questions

Valuation & Price

JBS N.V. (JBS) has a price-to-earnings (P/E) ratio of 0.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

JBS N.V. (JBS) reported $372.40B in revenue for fiscal year 2024. This represents a 209% increase from $120.47B in 2014.

JBS N.V. (JBS) grew revenue by 14.6% over the past year. This is steady growth.

Yes, JBS N.V. (JBS) is profitable, generating $8.95B in net income for fiscal year 2024 (2.3% net margin).

Dividend & Returns

Yes, JBS N.V. (JBS) pays a dividend with a yield of 13.25%. This makes it attractive for income-focused investors.

JBS N.V. (JBS) has a return on equity (ROE) of 19.8%. This is reasonable for most industries.

JBS N.V. (JBS) generated $2.05B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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