Marfrig Global Foods S.A. (MRFG3) - Net Assets
Based on the latest financial reports, Marfrig Global Foods S.A. (MRFG3) has net assets worth R$14.92 Billion BRL as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$137.44 Billion) and total liabilities (R$122.53 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$14.92 Billion |
| % of Total Assets | 10.85% |
| Annual Growth Rate | 34.73% |
| 5-Year Change | 467.38% |
| 10-Year Change | 2263.37% |
| Growth Volatility | 124.93 |
Marfrig Global Foods S.A. - Net Assets Trend (2003–2024)
This chart illustrates how Marfrig Global Foods 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 Marfrig Global Foods S.A. (2003–2024)
The table below shows the annual net assets of Marfrig Global Foods S.A. from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R$19.94 Billion | -19.89% |
| 2023-12-31 | R$24.89 Billion | -5.90% |
| 2022-12-31 | R$26.45 Billion | +374.71% |
| 2021-12-31 | R$5.57 Billion | +58.56% |
| 2020-12-31 | R$3.51 Billion | +97.83% |
| 2019-12-31 | R$1.78 Billion | -55.72% |
| 2018-12-31 | R$4.01 Billion | +52.26% |
| 2017-12-31 | R$2.63 Billion | +139.34% |
| 2016-12-31 | R$1.10 Billion | +30.48% |
| 2015-12-31 | R$843.63 Million | -59.28% |
| 2014-12-31 | R$2.07 Billion | -33.58% |
| 2013-12-31 | R$3.12 Billion | -27.55% |
| 2012-12-31 | R$4.31 Billion | +25.91% |
| 2011-12-31 | R$3.42 Billion | -14.71% |
| 2010-12-31 | R$4.01 Billion | +5.89% |
| 2009-12-31 | R$3.79 Billion | +37.78% |
| 2008-12-31 | R$2.75 Billion | +110.44% |
| 2007-12-31 | R$1.31 Billion | +431.62% |
| 2006-12-31 | R$245.61 Million | +39.85% |
| 2005-12-31 | R$175.62 Million | +184.59% |
| 2004-12-31 | R$61.71 Million | +61.99% |
| 2003-12-31 | R$38.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marfrig Global Foods 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 18191.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$4.23 Billion | 149.65% |
| Common Stock | R$10.37 Billion | 367.10% |
| Other Comprehensive Income | R$-10.07 Billion | -356.42% |
| Total Equity | R$2.82 Billion | 100.00% |
Marfrig Global Foods S.A. Competitors by Market Cap
The table below lists competitors of Marfrig Global Foods S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
L&K Engineering Suzhou Co Ltd
SHG:603929
|
$5.84 Billion |
|
AAK AB (publ.)
F:6AA0
|
$5.84 Billion |
|
QMMM Holdings Limited Ordinary Shares
NASDAQ:QMMM
|
$5.84 Billion |
|
Jiangsu Financial Leasing Co Ltd Class A
SHG:600901
|
$5.85 Billion |
|
Rhythm Pharmaceuticals Inc
NASDAQ:RYTM
|
$5.84 Billion |
|
Nestle (Malaysia) Bhd
KLSE:4707
|
$5.83 Billion |
|
Hebei Yangyuan ZhiHui Beverage Co Ltd
SHG:603156
|
$5.83 Billion |
|
YTL Corporation Bhd
KLSE:4677
|
$5.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marfrig Global Foods S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,631,324,000 to 2,824,144,000, a change of -4,807,180,000 (-63.0%).
- Net income of 2,795,401,000 contributed positively to equity growth.
- Dividend payments of 3,135,078,000 reduced retained earnings.
- Share repurchases of 1,849,212,000 reduced equity.
- Other comprehensive income decreased equity by 4,830,849,000.
- Other factors increased equity by 2,212,558,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$2.80 Billion | +98.98% |
| Dividends Paid | R$3.14 Billion | -111.01% |
| Share Repurchases | R$1.85 Billion | -65.48% |
| Other Comprehensive Income | R$-4.83 Billion | -171.06% |
| Other Changes | R$2.21 Billion | +78.34% |
| Total Change | R$- | -62.99% |
Book Value vs Market Value Analysis
This analysis compares Marfrig Global Foods 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: 6.62x
- 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 decreased from 68.80x to 6.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | R$0.30 | R$20.70 | x |
| 2005-12-31 | R$0.86 | R$20.70 | x |
| 2006-12-31 | R$1.08 | R$20.70 | x |
| 2007-12-31 | R$6.29 | R$20.70 | x |
| 2008-12-31 | R$10.09 | R$20.70 | x |
| 2009-12-31 | R$14.96 | R$20.70 | x |
| 2010-12-31 | R$11.09 | R$20.70 | x |
| 2011-12-31 | R$9.34 | R$20.70 | x |
| 2012-12-31 | R$11.74 | R$20.70 | x |
| 2013-12-31 | R$5.79 | R$20.70 | x |
| 2014-12-31 | R$3.73 | R$20.70 | x |
| 2015-12-31 | R$1.23 | R$20.70 | x |
| 2016-12-31 | R$1.74 | R$20.70 | x |
| 2017-12-31 | R$3.83 | R$20.70 | x |
| 2018-12-31 | R$1.08 | R$20.70 | x |
| 2019-12-31 | R$0.99 | R$20.70 | x |
| 2020-12-31 | R$2.98 | R$20.70 | x |
| 2021-12-31 | R$5.76 | R$20.70 | x |
| 2022-12-31 | R$8.55 | R$20.70 | x |
| 2023-12-31 | R$11.90 | R$20.70 | x |
| 2024-12-31 | R$3.13 | R$20.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marfrig Global Foods 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): 98.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.88%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 48.69x
- Recent ROE (98.98%) is above the historical average (23.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 40.47% | 1.91% | 3.85x | 5.50x | R$18.81 Million |
| 2005 | 19.16% | 2.47% | 2.02x | 3.83x | R$16.09 Million |
| 2006 | 29.10% | 3.02% | 1.24x | 7.77x | R$42.21 Million |
| 2007 | 6.63% | 2.54% | 0.77x | 3.38x | R$-43.28 Million |
| 2008 | -1.30% | -0.57% | 0.68x | 3.35x | R$-308.49 Million |
| 2009 | 12.96% | 5.64% | 0.79x | 2.93x | R$123.99 Million |
| 2010 | 3.62% | 0.88% | 0.70x | 5.85x | R$-246.47 Million |
| 2011 | -22.92% | -3.55% | 0.88x | 7.32x | R$-1.07 Billion |
| 2012 | -5.39% | -1.36% | 0.65x | 6.16x | R$-639.53 Million |
| 2013 | -30.16% | -4.87% | 1.05x | 5.88x | R$-1.22 Billion |
| 2014 | -37.85% | -4.86% | 0.75x | 10.33x | R$-934.82 Million |
| 2015 | -91.10% | -3.00% | 0.95x | 32.03x | R$-650.35 Million |
| 2016 | -74.92% | -3.61% | 0.93x | 22.35x | R$-769.87 Million |
| 2017 | -20.21% | -4.77% | 0.48x | 8.90x | R$-722.73 Million |
| 2018 | 207.18% | 4.70% | 1.12x | 39.36x | R$1.33 Billion |
| 2019 | 35.26% | 0.45% | 1.54x | 51.04x | R$156.23 Million |
| 2020 | 157.62% | 4.89% | 1.71x | 18.86x | R$3.09 Billion |
| 2021 | 110.85% | 5.08% | 1.78x | 12.26x | R$3.95 Billion |
| 2022 | 74.79% | 3.32% | 0.92x | 24.44x | R$3.61 Billion |
| 2023 | -19.89% | -1.15% | 1.01x | 17.16x | R$-2.28 Billion |
| 2024 | 98.98% | 1.88% | 1.08x | 48.69x | R$2.51 Billion |
Industry Comparison
This section compares Marfrig Global Foods S.A.'s net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $10,908,667,623
- Average return on equity (ROE) among peers: 31.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marfrig Global Foods S.A. (MRFG3) | R$14.92 Billion | 40.47% | 8.21x | $5.84 Billion |
| BRF S.A (BRFS3) | $22.92 Billion | 0.92% | 0.96x | $5.61 Billion |
| Conagra Brands, Inc. (C1AG34) | $8.93 Billion | 12.90% | 1.34x | $6.89 Billion |
| The Campbell's Company (C1PB34) | $3.79 Billion | 14.94% | 3.02x | $6.11 Billion |
| Camil Alimentos S.A (CAML3) | $849.30 Million | 16.08% | 2.22x | $485.87 Million |
| JBS S.A (JBSS3) | $86.03 Million | 184.68% | 17.89x | $33.48 Billion |
| JOSAPAR Joaquim Oliveira S.A. Participações (JOPA3) | $495.55 Million | 6.78% | 1.44x | $34.86 Million |
| The Kraft Heinz Company (KHCB34) | $49.33 Billion | 5.56% | 0.79x | $26.07 Billion |
| M. Dias Branco S.A. Indústria e Comércio de Alimentos (MDIA3) | $865.26 Million | 13.45% | 0.86x | $1.53 Billion |
About Marfrig Global Foods S.A.
Marfrig Global Foods S.A., through its subsidiaries, operates in the food industry in Brazil and internationally. It operates through Beef " North America; Beef " South America; and Poultry, Pork and Processed Products " BRF segments. The company produces, processes, distributes, and sells animal-based proteins, such as beef, pork, lamb, fish, and poultry; pastas, margarine, pet food, and plant-b… Read more