BRF S.A
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
BRF S.A (BRFS3) - Net Assets
Latest net assets as of June 2025: R$18.10 Billion BRL
Based on the latest financial reports, BRF S.A (BRFS3) has net assets worth R$18.10 Billion BRL as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$64.29 Billion) and total liabilities (R$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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$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 S.A - Net Assets Trend (1999–2024)
This chart illustrates how BRF S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BRF S.A (1999–2024)
The table below shows the annual net assets of BRF S.A from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$16.50 Billion | +5.47% |
| 2023-12-31 | R$15.64 Billion | +32.32% |
| 2022-12-31 | R$11.82 Billion | +33.96% |
| 2021-12-31 | R$8.83 Billion | +0.14% |
| 2020-12-31 | R$8.81 Billion | +8.16% |
| 2019-12-31 | R$8.15 Billion | +8.19% |
| 2018-12-31 | R$7.53 Billion | -35.70% |
| 2017-12-31 | R$11.71 Billion | -4.15% |
| 2016-12-31 | R$12.22 Billion | -11.68% |
| 2015-12-31 | R$13.84 Billion | -11.82% |
| 2014-12-31 | R$15.69 Billion | +6.76% |
| 2013-12-31 | R$14.70 Billion | +0.82% |
| 2012-12-31 | R$14.58 Billion | +3.30% |
| 2011-12-31 | R$14.11 Billion | +3.47% |
| 2010-12-31 | R$13.64 Billion | -40.51% |
| 2009-12-31 | R$22.92 Billion | +2763.21% |
| 2008-12-31 | R$800.55 Million | -75.18% |
| 2007-12-31 | R$3.23 Billion | +50.83% |
| 2006-12-31 | R$2.14 Billion | +75.01% |
| 2005-12-31 | R$1.22 Billion | +25.93% |
| 2004-12-31 | R$970.38 Million | +27.66% |
| 2003-12-31 | R$760.10 Million | +12.50% |
| 2002-12-31 | R$675.64 Million | +0.42% |
| 2001-12-31 | R$672.80 Million | -13.80% |
| 2000-12-31 | R$780.48 Million | +16.05% |
| 1999-12-31 | R$672.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BRF S.A'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 503440496230.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$4.97 Billion | 32.97% |
| Common Stock | R$13.35 Billion | 88.49% |
| Other Comprehensive Income | R$3.22 Billion | 21.37% |
| Total Equity | R$15.09 Billion | 100.00% |
BRF S.A Competitors by Market Cap
The table below lists competitors of BRF S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dixons Carphone plc
PINK:DSITF
|
$1.20 Billion |
|
Mizuho Leasing Company, Limited
F:LFB
|
$1.20 Billion |
|
Keller Group plc
PINK:KLRGF
|
$1.20 Billion |
|
Husqvarna AB Series A
LSE:0GWI
|
$1.20 Billion |
|
Deutsche Wohnen SE
PINK:DWHHF
|
$1.19 Billion |
|
Trigano SA
LSE:0NX0
|
$1.19 Billion |
|
LG Display Co Ltd
NYSE:LPL
|
$1.19 Billion |
|
Precision Drilling Corporation
NYSE:PDS
|
$1.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BRF S.A'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 increased equity by 1,483,237,000.
- Other factors decreased equity by 2,101,593,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$3.21 Billion | +21.3% |
| Dividends Paid | R$1.14 Billion | -7.59% |
| Share Repurchases | R$1.29 Billion | -8.54% |
| Other Comprehensive Income | R$1.48 Billion | +9.83% |
| Other Changes | R$-2.10 Billion | -13.93% |
| Total Change | R$- | 1.09% |
Book Value vs Market Value Analysis
This analysis compares BRF S.A'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: 1.93x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 375.96x to 1.93x 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 | R$0.05 | R$17.95 | x |
| 2000-12-31 | R$1.36 | R$17.95 | x |
| 2001-12-31 | R$1.00 | R$17.95 | x |
| 2002-12-31 | R$1.00 | R$17.95 | x |
| 2003-12-31 | R$1.13 | R$17.95 | x |
| 2004-12-31 | R$3.46 | R$17.95 | x |
| 2005-12-31 | R$4.35 | R$17.95 | x |
| 2006-12-31 | R$6.04 | R$17.95 | x |
| 2007-12-31 | R$8.28 | R$17.95 | x |
| 2008-12-31 | R$0.86 | R$17.95 | x |
| 2009-12-31 | R$35.99 | R$17.95 | x |
| 2010-12-31 | R$14.82 | R$17.95 | x |
| 2011-12-31 | R$15.39 | R$17.95 | x |
| 2012-12-31 | R$15.95 | R$17.95 | x |
| 2013-12-31 | R$16.01 | R$17.95 | x |
| 2014-12-31 | R$17.04 | R$17.95 | x |
| 2015-12-31 | R$15.27 | R$17.95 | x |
| 2016-12-31 | R$14.05 | R$17.95 | x |
| 2017-12-31 | R$13.27 | R$17.95 | x |
| 2018-12-31 | R$8.17 | R$17.95 | x |
| 2019-12-31 | R$9.70 | R$17.95 | x |
| 2020-12-31 | R$10.58 | R$17.95 | x |
| 2021-12-31 | R$10.46 | R$17.95 | x |
| 2022-12-31 | R$10.71 | R$17.95 | x |
| 2023-12-31 | R$10.97 | R$17.95 | x |
| 2024-12-31 | R$9.31 | R$17.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BRF S.A 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 | R$7.37 Million |
| 2000 | 6.59% | 2.75% | 0.72x | 3.34x | R$-26.01 Million |
| 2001 | 25.01% | 6.91% | 1.00x | 3.60x | R$100.96 Million |
| 2002 | 1.22% | 0.28% | 0.97x | 4.45x | R$-59.33 Million |
| 2003 | 16.19% | 3.23% | 1.38x | 3.64x | R$47.04 Million |
| 2004 | 30.47% | 6.05% | 1.93x | 2.60x | R$198.66 Million |
| 2005 | 29.52% | 7.02% | 1.42x | 2.97x | R$238.57 Million |
| 2006 | 5.57% | 2.25% | 1.08x | 2.29x | R$-92.96 Million |
| 2007 | 9.96% | 4.84% | 1.01x | 2.03x | R$-1.30 Million |
| 2008 | -336.50% | -23.42% | 0.75x | 19.13x | R$-2.59 Billion |
| 2009 | 0.92% | 0.76% | 0.62x | 1.96x | R$-2.08 Billion |
| 2010 | 5.90% | 3.55% | 0.82x | 2.04x | R$-558.79 Million |
| 2011 | 9.72% | 5.32% | 0.86x | 2.13x | R$-39.62 Million |
| 2012 | 5.58% | 2.85% | 0.93x | 2.11x | R$-644.60 Million |
| 2013 | 7.25% | 3.48% | 0.94x | 2.21x | R$-403.08 Million |
| 2014 | 14.27% | 7.67% | 0.80x | 2.32x | R$665.99 Million |
| 2015 | 23.02% | 9.66% | 0.80x | 2.99x | R$1.76 Billion |
| 2016 | -3.15% | -1.10% | 0.79x | 3.63x | R$-1.56 Billion |
| 2017 | -10.05% | -3.36% | 0.74x | 4.04x | R$-2.25 Billion |
| 2018 | -64.13% | -14.79% | 0.71x | 6.09x | R$-5.16 Billion |
| 2019 | 15.37% | 3.63% | 0.80x | 5.28x | R$423.70 Million |
| 2020 | 17.69% | 3.85% | 0.79x | 5.78x | R$659.91 Million |
| 2021 | 4.96% | 0.87% | 0.86x | 6.61x | R$-426.80 Million |
| 2022 | -27.42% | -5.74% | 0.93x | 5.13x | R$-4.22 Billion |
| 2023 | -13.59% | -3.78% | 0.94x | 3.84x | R$-3.52 Billion |
| 2024 | 21.30% | 5.24% | 0.98x | 4.15x | R$1.70 Billion |
Industry Comparison
This section compares BRF S.A's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $10,736,970,833
- Average return on equity (ROE) among peers: 9.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BRF S.A (BRFS3) | R$18.10 Billion | 11.10% | 2.55x | $1.19 Billion |
| The Campbell's Company (C1PB34) | $3.90 Billion | 15.43% | 2.82x | $3.58 Billion |
| Camil Alimentos S.A (CAML3) | $3.46 Billion | 6.27% | 2.21x | $30.31 Million |
| JBS S.A (JBSS3) | $395.12 Million | 9.13% | 4.53x | $2.78 Billion |
| JOSAPAR Joaquim Oliveira S.A. Participações (JOPA3) | $495.55 Million | 6.78% | 1.44x | $8.24 Million |
| The Kraft Heinz Company (KHCB34) | $49.53 Billion | 5.76% | 0.82x | $4.22 Billion |
| M. Dias Branco S.A. Indústria e Comércio de Alimentos (MDIA3) | $6.65 Billion | 11.49% | 0.46x | $280.95 Million |