JBS S.A
JBS S.A., together with its subsidiaries, engages in the processing of animal protein worldwide. The company trades in 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, a… Read more
JBS S.A (JBSS3) - Net Assets
Latest net assets as of March 2025: R$47.41 Billion BRL
Based on the latest financial reports, JBS S.A (JBSS3) has net assets worth R$47.41 Billion BRL as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$239.48 Billion) and total liabilities (R$192.07 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$47.41 Billion |
| % of Total Assets | 19.8% |
| Annual Growth Rate | 16.99% |
| 5-Year Change | -81.34% |
| 10-Year Change | -71.36% |
| Growth Volatility | 750.3 |
JBS S.A - Net Assets Trend (2004–2024)
This chart illustrates how JBS 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 JBS S.A (2004–2024)
The table below shows the annual net assets of JBS S.A from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$8.12 Billion | -16.31% |
| 2023-12-31 | R$9.71 Billion | -80.51% |
| 2022-12-31 | R$49.81 Billion | +4.21% |
| 2021-12-31 | R$47.80 Billion | +9.77% |
| 2020-12-31 | R$43.54 Billion | +34.06% |
| 2019-12-31 | R$32.48 Billion | +16.23% |
| 2018-12-31 | R$27.95 Billion | +6.91% |
| 2017-12-31 | R$26.14 Billion | +11.16% |
| 2016-12-31 | R$23.52 Billion | -17.09% |
| 2015-12-31 | R$28.37 Billion | +10.62% |
| 2014-12-31 | R$25.64 Billion | +10.85% |
| 2013-12-31 | R$23.13 Billion | +7.93% |
| 2012-12-31 | R$21.43 Billion | -0.77% |
| 2011-12-31 | R$21.60 Billion | +15.54% |
| 2010-12-31 | R$18.69 Billion | -2.38% |
| 2009-12-31 | R$19.15 Billion | +212.31% |
| 2008-12-31 | R$6.13 Billion | +101.02% |
| 2007-12-31 | R$3.05 Billion | +3445.87% |
| 2006-12-31 | R$86.03 Million | -78.23% |
| 2005-12-31 | R$395.12 Million | +12.23% |
| 2004-12-31 | R$352.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to JBS 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 2371.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$2.96 Billion | 40.97% |
| Common Stock | R$3.80 Billion | 52.65% |
| Other Comprehensive Income | R$426.73 Million | 5.91% |
| Other Components | R$34.18 Million | 0.47% |
| Total Equity | R$7.22 Billion | 100.00% |
JBS S.A Competitors by Market Cap
The table below lists competitors of JBS S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
D'Ieteren Group SA
PINK:SIEVF
|
$2.78 Billion |
|
Pilbara Minerals Limited
PINK:PILBF
|
$2.78 Billion |
|
Vita Coco Company Inc
NASDAQ:COCO
|
$2.78 Billion |
|
VICTORIAS SECRECT DL -01
F:8FR
|
$2.79 Billion |
|
Beijing Sinnet Technology Co Ltd
SHE:300383
|
$2.78 Billion |
|
GULFP.EN.OP. NEW21 DL-01
F:G2U0
|
$2.78 Billion |
|
Yunnan Lincang Xinyuan Germanium Industrial Co Ltd
SHE:002428
|
$2.78 Billion |
|
JA Solar Technology Co Ltd
SHE:002459
|
$2.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JBS S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,025,044,000 to 7,223,153,847, a change of -1,801,890,153 (-20.0%).
- Net income of 1,766,870,000 contributed positively to equity growth.
- Dividend payments of 759,301,000 reduced retained earnings.
- Share repurchases of 7,614,000 reduced equity.
- Other comprehensive income increased equity by 4,625,991,022.
- Other factors decreased equity by 7,427,836,174.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$1.77 Billion | +24.46% |
| Dividends Paid | R$759.30 Million | -10.51% |
| Share Repurchases | R$7.61 Million | -0.11% |
| Other Comprehensive Income | R$4.63 Billion | +64.04% |
| Other Changes | R$-7.43 Billion | -102.83% |
| Total Change | R$- | -19.97% |
Book Value vs Market Value Analysis
This analysis compares JBS 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: 23.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.74x to 23.62x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$44.12 | R$76.93 | x |
| 2005-12-31 | R$50.55 | R$76.93 | x |
| 2006-12-31 | R$0.16 | R$76.93 | x |
| 2007-12-31 | R$2.84 | R$76.93 | x |
| 2008-12-31 | R$4.27 | R$76.93 | x |
| 2009-12-31 | R$7.54 | R$76.93 | x |
| 2010-12-31 | R$5.89 | R$76.93 | x |
| 2011-12-31 | R$7.58 | R$76.93 | x |
| 2012-12-31 | R$7.11 | R$76.93 | x |
| 2013-12-31 | R$7.66 | R$76.93 | x |
| 2014-12-31 | R$8.28 | R$76.93 | x |
| 2015-12-31 | R$9.24 | R$76.93 | x |
| 2016-12-31 | R$8.19 | R$76.93 | x |
| 2017-12-31 | R$8.54 | R$76.93 | x |
| 2018-12-31 | R$9.62 | R$76.93 | x |
| 2019-12-31 | R$11.12 | R$76.93 | x |
| 2020-12-31 | R$15.11 | R$76.93 | x |
| 2021-12-31 | R$17.80 | R$76.93 | x |
| 2022-12-31 | R$20.56 | R$76.93 | x |
| 2023-12-31 | R$4.07 | R$76.93 | x |
| 2024-12-31 | R$3.26 | R$76.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JBS 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): 24.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.29%
- • Asset Turnover: 1.90x
- • Equity Multiplier: 5.63x
- Recent ROE (24.46%) is above the historical average (18.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 36.24% | 9.48% | 0.76x | 5.05x | R$90.48 Million |
| 2005 | 9.14% | 2.27% | 0.73x | 5.53x | R$-3.42 Million |
| 2006 | 185.10% | 7.88% | 1.24x | 18.93x | R$150.29 Million |
| 2007 | -5.40% | -1.17% | 1.67x | 2.77x | R$-470.49 Million |
| 2008 | 0.42% | 0.09% | 1.88x | 2.62x | R$-587.75 Million |
| 2009 | 1.26% | 0.63% | 0.80x | 2.51x | R$-1.53 Billion |
| 2010 | -1.66% | -0.54% | 1.25x | 2.49x | R$-2.05 Billion |
| 2011 | -0.37% | -0.12% | 1.30x | 2.29x | R$-2.14 Billion |
| 2012 | 3.49% | 0.95% | 1.52x | 2.41x | R$-1.34 Billion |
| 2013 | 4.22% | 1.00% | 1.35x | 3.13x | R$-1.27 Billion |
| 2014 | 8.53% | 1.69% | 1.47x | 3.44x | R$-351.47 Million |
| 2015 | 17.33% | 2.85% | 1.33x | 4.58x | R$1.96 Billion |
| 2016 | 1.04% | 0.14% | 1.66x | 4.60x | R$-2.00 Billion |
| 2017 | 2.20% | 0.33% | 1.50x | 4.48x | R$-1.89 Billion |
| 2018 | 0.10% | 0.01% | 1.59x | 4.45x | R$-2.54 Billion |
| 2019 | 20.48% | 2.97% | 1.62x | 4.26x | R$3.10 Billion |
| 2020 | 11.46% | 1.70% | 1.65x | 4.08x | R$586.38 Million |
| 2021 | 48.15% | 6.06% | 1.69x | 4.70x | R$16.83 Billion |
| 2022 | 33.35% | 4.12% | 1.80x | 4.49x | R$10.82 Billion |
| 2023 | -11.76% | -0.29% | 8.54x | 4.72x | R$-1.96 Billion |
| 2024 | 24.46% | 2.29% | 1.90x | 5.63x | R$1.04 Billion |
Industry Comparison
This section compares JBS S.A's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $10,801,197,595
- Average return on equity (ROE) among peers: 8.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JBS S.A (JBSS3) | R$47.41 Billion | 36.24% | 4.05x | $2.78 Billion |
| BRF S.A (BRFS3) | $780.48 Million | 6.46% | 2.27x | $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 |
| 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 |