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BRF S.A. (BRFS)

NYSE - NYSE Delayed Price. Currency in USD
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2.9800-0.0800 (-2.61%)
At close: 4:00PM EDT

2.9900 +0.01 (0.34%)
Before hours: 7:15AM EDT

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  • K
    Karel
    Perfect investment stock .. At the moment very underrated .. Good buy .. Zack A. 😉
    Bullish
  • e
    erick
    Any update of this company??
  • E
    ExtremeHackInvestor
    Great quarter - Appears per Google translate of the Q2 management report that net income increased 60% and net leverage decreased to 2.89X compared to 3.74X. Margins took a small hit due to Covid-related costs and Fx rate conversion from international segment. This company is profitable and on its way to a strong recovery. Here's the Google translation:

    OPERATIONAL HIGHLIGHTS (Continued Operations)

    SOCIAL RESPONSIBILITY
    • R $ 218 million invested in 2Q20 in initiatives to combat the Covid-19 pandemic and in
    preservation of health and safety

    CONSOLIDATED
    • Net revenue of R $ 9,104 million in 2Q20 (+ 9.2% y / y)
    • Adjusted EBITDA of R $ 1,031 million in 2Q20 (-15.4% y / y1)
    • Adjusted EBITDA margin of 11.3% in 2Q20 (-3.3 p.p. a / a1)
    • Net income of R $ 307 million in 2Q20 (+ 60.8% y / y2)

    BRAZIL SEGMENT
    • Net revenue of R $ 4,643 million in 2Q20 (+ 13.7% y / y)
    • Adjusted EBITDA of R $ 544 million in 2Q20 (+ 17.7% y / y1)
    • Adjusted EBITDA margin of 11.7% in 2Q20 (+0.4 p.p. a / a1)

    INTERNATIONAL SEGMENT
    • Net revenue of R $ 4,207 million in 2Q20 (+ 5.6% y / y)
    • Adjusted EBITDA of R $ 468 million in 2Q20 (-32.5% y / y)
    • Adjusted EBITDA margin of 11.1% in 2Q20 (-6.3 p.p. a / a)

    FINANCIAL HIGHLIGHTS
    • Operating cash generation of R $ 1,418 million in 2Q20 vs. R $ 1,162 million in 2Q19.
    • Net leverage (net debt / Adjusted EBITDA) of 2.89x in 2Q20 vs. 3.74x in 2Q19.
    • Total liquidity of R $ 12.2 billion at the end of 2Q203
    • Extension of the average debt term from 3.2 to 4.9 years

    Fx rate for conversion to is R$5.44 to $1 USD
    Bullish
  • E
    ExtremeHackInvestor
    Moody's Ba2 rating of BRFS on July 3, 2020: BRF S.A.'s (BRF) Ba2 ratings reflect its strong business profile and leadership in both processed foods in Brazil and global poultry exports. After a strong deterioration in its operational and financial performance over 2016-18, the company is in a clear path of recovery in operational performance, which we expect to continue through 2020, reflecting initiatives taken by the company to turnaround its operations, increase volumes and improve profitability in its main markets, which resulted in improved operational and financial performance. Offsetting these positive attributes are the low geographic diversity in terms of production footprint and heavy concentration in one protein (poultry), and strong exposure to grain prices and currency volatility. Main risks to performance in 2020 include possible forced reduction in production due to the coronavirus outbreak in Brazil and weaker domestic consumption in the country as a consequence of recession, higher unemployment levels and lower disposable income, but we expect international markets will continue to benefit from the effect of the African Swine Fever (ASF) on animal protein demand and prices. BRF has an adequate liquidity profile, with about BRL8.3 billion in cash and equivalents and BRL 1.5 billion available under committed credit facilities at the end of 1Q20, which covers all debt obligations through at least mid-2023.
  • H
    Harry
    This has been about as bad as it one could imagine for BRFS - meat ban, trucking strike, giant move down in the currency. But any lifting of meat bans, strengthening currency, de-leveraging or restructuring can be a big positive catalyst. In the very big picture, Brazil's chicken, pork and meat are important to the world. It's geographic separation from Europe/US/Asia means that it is isolated from the diseases of those other meat-producing countries. Russia, for example, is having a big problem with a swine disease outbreak now, and China has an African swine fever outbreak and avian flu.
  • C
    ComedyClubster
    Best news for BRFS shareholders. The merger talks have been terminated. BRFS to profitability soon!
  • P
    Pepe le Pew
    Q1 released yesterday - Revenue up 21% Y/Y, EBITA up 67% Y/Y, cash generation of BR 1.5 Billion, and cash on hand of BR 9 Billion. Why isn’t this at $10.00?
  • P
    Puck
    Huge demand in China for BRFS product and at very favourable pricing. Q1 results were impressive and company says Covid 19 presents opportunity. See you at $10 by July.
  • H
    Harry
    China and the rapidly spreading swine fever epidemic is going to be a huge boost for BRF, right when it needs it, coming off the restructuring. The shares are not taking into account how much this will help the company get back on its feet.
  • J
    Jerry
    will close green around 7:90 today and tomorrow it's going to start uptrend
  • H
    Harry
    What is happening? Has Russia decided to buy BRF pork again?
  • H
    Harry
    China Allows Meat Exports from 13 Brazil Plants, including BRF. BRF's pork plant in Lajeado is among them, CEO Lorival Luz says at event in Sao Paulo
  • Y
    Yahoo Finance Insights
    BRFS is up 6.59% to 7.28
  • b
    babar
    I bought 10 k I think company knows that is why stock is more than that down 5.25 now I bought 5.29
  • Y
    Yahoo Finance Insights
    BRFS is down -13.16% to 8.18
  • h
    huy
    Why go up With out a new
  • m
    mulita
    Anyone here ? This msgboard is empty.....great for BRFS
  • M
    Magnanimous
    DES MOINES, Iowa (AP) — The federal government has decided to once again allow raw beef products to be imported into the United States from Brazil, a move that has angered some cattlemen and food safety groups who are voicing concerns about the quality of the meat.
    A spokeswoman for the U.S. Department of Agriculture’s Food Safety and Inspection Service said Friday the agency recently conducted on-site audits of Brazil’s raw beef production facilities to verify improvement in practices since 2017, when the USDA suspended importation of Brazilian beef over safety concerns.
    “FSIS confirmed that Brazil has implemented necessary corrective actions and has determined that Brazil’s food safety inspection system governing raw intact beef is equivalent to that of the U.S.” the agency spokeswoman said.
    She said the suspension ended Friday. Raw beef from Brazil will be “subject to re-inspection” at U.S. ports of entry, she said.
    A spokesman for the National Cattlemen’s Beef Association said the group has concerns about quality given Brazil’s history of foot-and-mouth disease and its record of repeated food safety violations at ports-of-entry.
    “You can rest assured that NCBA will keep an eagle eye focus on all developments with Brazil and we expect nothing less than the highest level of scrutiny from USDA and customs officials,” said Kent Bacus, the group’s senior director of international trade and market access, in a statement.
    Environmental and food safety group Food & Water Watch Action said it’s not convinced product quality issues have been resolved.
    “It took two U.S. taxpayer-funded audits this past year for Brazil to have allegedly gotten its act together. We are not convinced," said Tony Corbo, a spokesman for the group.
    He said consumers will be taking a gamble every time they eat beef in the United States because there will be no country-of-origin labeling requirements on Brazilian beef.
  • Y
    Yahoo Finance Insights
    BRFS reached a new 52 Week Low at 5.99
  • b
    babar
    I think no one check this stock any more