BRF SA ADR (BRFS) - Net Assets
Based on the latest financial reports, BRF SA ADR (BRFS) has net assets worth $18.10 Billion USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($64.29 Billion) and total liabilities ($46.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore BRF SA ADR operating cash flow efficiency to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.10 Billion |
| % of Total Assets | 28.16% |
| Annual Growth Rate | 13.65% |
| 5-Year Change | 87.2% |
| 10-Year Change | 19.25% |
| Growth Volatility | 541.29 |
BRF SA ADR - Net Assets Trend (1999–2024)
This chart illustrates how BRF SA ADR's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market value of BRF SA ADR.
Annual Net Assets for BRF SA ADR (1999–2024)
The table below shows the annual net assets of BRF SA ADR from 1999 to 2024. Read BRFS current and long-term liabilities for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $16.50 Billion | +5.47% |
| 2023-12-31 | $15.64 Billion | +32.32% |
| 2022-12-31 | $11.82 Billion | +33.96% |
| 2021-12-31 | $8.83 Billion | +0.14% |
| 2020-12-31 | $8.81 Billion | +8.16% |
| 2019-12-31 | $8.15 Billion | +8.19% |
| 2018-12-31 | $7.53 Billion | -35.70% |
| 2017-12-31 | $11.71 Billion | -4.15% |
| 2016-12-31 | $12.22 Billion | -11.68% |
| 2015-12-31 | $13.84 Billion | -11.82% |
| 2014-12-31 | $15.69 Billion | +6.76% |
| 2013-12-31 | $14.70 Billion | +0.82% |
| 2012-12-31 | $14.58 Billion | +3.30% |
| 2011-12-31 | $14.11 Billion | +3.47% |
| 2010-12-31 | $13.64 Billion | -40.51% |
| 2009-12-31 | $22.92 Billion | +2763.21% |
| 2008-12-31 | $800.55 Million | -75.18% |
| 2007-12-31 | $3.23 Billion | +50.83% |
| 2006-12-31 | $2.14 Billion | +75.01% |
| 2005-12-31 | $1.22 Billion | +25.93% |
| 2004-12-31 | $970.38 Million | +27.66% |
| 2003-12-31 | $760.10 Million | +12.50% |
| 2002-12-31 | $675.64 Million | +0.42% |
| 2001-12-31 | $672.80 Million | -13.80% |
| 2000-12-31 | $780.48 Million | +16.05% |
| 1999-12-31 | $672.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BRF SA ADR's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 213916896230.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.08 Billion | 13.78% |
| Common Stock | $13.35 Billion | 88.49% |
| Other Comprehensive Income | $1.00 Billion | 6.65% |
| Total Equity | $15.09 Billion | 100.00% |
BRF SA ADR Competitors by Market Cap
The table below lists competitors of BRF SA ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Perseus Mining Ltd
TO:PRU
|
$5.39 Billion |
|
Jfrog Ltd
NASDAQ:FROG
|
$5.39 Billion |
|
Avantor Inc
NYSE:AVTR
|
$5.39 Billion |
|
Ufp Industries Inc
NASDAQ:UFPI
|
$5.39 Billion |
|
Shanghai RAAS Blood Products Co Ltd Class A
SHE:002252
|
$5.38 Billion |
|
Genpact Limited
F:35G
|
$5.38 Billion |
|
Oberbank AG
VI:OBS
|
$5.38 Billion |
|
Blue Owl Capital Corporation
NYSE:OBDC
|
$5.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BRF SA ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,923,428,000 to 15,085,651,000, a change of 162,223,000 (1.1%).
- Net income of 3,213,274,000 contributed positively to equity growth.
- Dividend payments of 1,144,453,000 reduced retained earnings.
- Share repurchases of 1,288,242,000 reduced equity.
- Other comprehensive income decreased equity by 737,624,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.21 Billion | +21.3% |
| Dividends Paid | $1.14 Billion | -7.59% |
| Share Repurchases | $1.29 Billion | -8.54% |
| Other Comprehensive Income | $-737.62 Million | -4.89% |
| Other Changes | $119.27 Million | +0.79% |
| Total Change | $- | 1.09% |
Book Value vs Market Value Analysis
This analysis compares BRF SA ADR's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.36x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 70.79x to 0.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $0.05 | $3.38 | x |
| 2000-12-31 | $1.36 | $3.38 | x |
| 2001-12-31 | $1.00 | $3.38 | x |
| 2002-12-31 | $1.00 | $3.38 | x |
| 2003-12-31 | $1.13 | $3.38 | x |
| 2004-12-31 | $3.46 | $3.38 | x |
| 2005-12-31 | $4.35 | $3.38 | x |
| 2006-12-31 | $6.04 | $3.38 | x |
| 2007-12-31 | $8.28 | $3.38 | x |
| 2008-12-31 | $0.86 | $3.38 | x |
| 2009-12-31 | $35.99 | $3.38 | x |
| 2010-12-31 | $14.82 | $3.38 | x |
| 2011-12-31 | $15.39 | $3.38 | x |
| 2012-12-31 | $15.95 | $3.38 | x |
| 2013-12-31 | $16.01 | $3.38 | x |
| 2014-12-31 | $17.04 | $3.38 | x |
| 2015-12-31 | $15.27 | $3.38 | x |
| 2016-12-31 | $14.05 | $3.38 | x |
| 2017-12-31 | $13.27 | $3.38 | x |
| 2018-12-31 | $8.17 | $3.38 | x |
| 2019-12-31 | $9.70 | $3.38 | x |
| 2020-12-31 | $10.58 | $3.38 | x |
| 2021-12-31 | $10.46 | $3.38 | x |
| 2022-12-31 | $10.71 | $3.38 | x |
| 2023-12-31 | $10.97 | $3.38 | x |
| 2024-12-31 | $9.31 | $3.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BRF SA ADR utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.30%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.24%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 4.15x
- Recent ROE (21.30%) is above the historical average (-7.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 11.10% | 4.38% | 0.81x | 3.13x | $7.37 Million |
| 2000 | 6.59% | 2.75% | 0.72x | 3.34x | $-26.01 Million |
| 2001 | 25.01% | 6.91% | 1.00x | 3.60x | $100.96 Million |
| 2002 | 1.22% | 0.28% | 0.97x | 4.45x | $-59.33 Million |
| 2003 | 16.19% | 3.23% | 1.38x | 3.64x | $47.04 Million |
| 2004 | 30.47% | 6.05% | 1.93x | 2.60x | $198.66 Million |
| 2005 | 29.52% | 7.02% | 1.42x | 2.97x | $238.57 Million |
| 2006 | 5.57% | 2.25% | 1.08x | 2.29x | $-92.96 Million |
| 2007 | 9.96% | 4.84% | 1.01x | 2.03x | $-1.30 Million |
| 2008 | -336.50% | -23.42% | 0.75x | 19.13x | $-2.59 Billion |
| 2009 | 0.92% | 0.76% | 0.62x | 1.96x | $-2.08 Billion |
| 2010 | 5.90% | 3.55% | 0.82x | 2.04x | $-558.79 Million |
| 2011 | 9.72% | 5.32% | 0.86x | 2.13x | $-39.62 Million |
| 2012 | 5.58% | 2.85% | 0.93x | 2.11x | $-644.60 Million |
| 2013 | 7.25% | 3.48% | 0.94x | 2.21x | $-403.08 Million |
| 2014 | 14.27% | 7.67% | 0.80x | 2.32x | $665.99 Million |
| 2015 | 23.02% | 9.66% | 0.80x | 2.99x | $1.76 Billion |
| 2016 | -3.15% | -1.10% | 0.79x | 3.63x | $-1.56 Billion |
| 2017 | -10.05% | -3.36% | 0.74x | 4.04x | $-2.25 Billion |
| 2018 | -64.13% | -14.79% | 0.71x | 6.09x | $-5.16 Billion |
| 2019 | 15.37% | 3.63% | 0.80x | 5.28x | $423.70 Million |
| 2020 | 17.69% | 3.85% | 0.79x | 5.78x | $659.91 Million |
| 2021 | 4.96% | 0.87% | 0.86x | 6.61x | $-426.80 Million |
| 2022 | -27.42% | -5.74% | 0.93x | 5.13x | $-4.22 Billion |
| 2023 | -13.59% | -3.78% | 0.94x | 3.84x | $-3.52 Billion |
| 2024 | 21.30% | 5.24% | 0.98x | 4.15x | $1.70 Billion |
Industry Comparison
This section compares BRF SA ADR's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $73,698,554
- Average return on equity (ROE) among peers: -90.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BRF SA ADR (BRFS) | $18.10 Billion | 11.10% | 2.55x | $5.38 Billion |
| Above Food Ingredients Inc. Common Stock (ABVE) | $29.11 Million | -156.27% | 0.05x | $28.57 Million |
| Agape ATP Corporation Common Stock (ATPC) | $4.25 Million | -15.94% | 0.02x | $2.29 Million |
| B&G Foods Inc (BGS) | $49.99 Million | 30.34% | 10.00x | $430.20 Million |
| BranchOut Food Inc. Common Stock (BOF) | $5.57 Million | -109.92% | 1.60x | $54.98 Million |
| Bellring Brands LLC (BRBR) | $486.40 Million | 25.31% | 0.22x | $1.82 Billion |
| BRC Inc. (BRCC) | $46.51 Million | -36.00% | 4.07x | $132.99 Million |
| Bridgford Foods Corporation (BRID) | $36.90 Million | 17.89% | 0.43x | $68.08 Million |
| Borealis Foods Inc. (BRLS) | $4.64 Million | -566.46% | 12.96x | $19.53 Million |
| Better Choice Company Inc (BTTR) | $-80.79K | 0.00% | 0.00x | $5.13 Million |
About BRF SA ADR
BRF S.A. raises, produces, and slaughters poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, pet food, and other products. The company offers frozen whole and cut chicken, frozen pork, and turkey, and halal products for Islamic markets; processed foods, such as marinated, frozen, seasoned whole, and cut chicken, roosters, sausages, ham produ… Read more