BRF Historical Income Statement

BRFS Stock  USD 3.17  0.03  0.94%   
Historical analysis of BRF SA income statement accounts such as Interest Expense of 3.1 B, Selling General Administrative of 7.9 B or Total Revenue of 56.3 B can show how well BRF SA ADR performed in making a profits. Evaluating BRF SA income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of BRF SA's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining BRF SA ADR latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether BRF SA ADR is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BRF SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.

About BRF Income Statement Analysis

BRF SA ADR Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to BRF SA shareholders. The income statement also shows BRF investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

BRF SA Income Statement Chart

BRF SA ADR Income Statement is one of the three primary financial statements used for reporting BRF's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of BRF SA ADR revenue and expense. BRF SA Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, BRF SA's Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 3.1 B in 2024, whereas EBIT is likely to drop slightly above 748.6 M in 2024.

Total Revenue

Total revenue comprises all receipts BRF SA ADR generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of BRF SA ADR minus its cost of goods sold. It is profit before BRF SA operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of BRF SA ADR. It is also known as BRF SA overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from BRF SA's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into BRF SA ADR current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BRF SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
At this time, BRF SA's Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 3.1 B in 2024, whereas EBIT is likely to drop slightly above 748.6 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit10.2B8.1B8.3B5.6B
Total Revenue48.3B53.8B53.6B56.3B

BRF SA income statement Correlations

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0.930.610.860.40.86-0.06-0.020.470.870.63-0.61-0.92-0.51-0.290.040.440.6-0.22-0.650.54-0.67-0.66-0.750.75
0.770.610.730.110.74-0.16-0.280.090.760.26-0.48-0.62-0.37-0.14-0.460.430.330.16-0.690.4-0.44-0.32-0.890.73
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0.480.40.110.60.530.680.660.880.490.830.29-0.340.36-0.21-0.080.420.740.20.080.05-0.26-0.03-0.250.37
0.950.860.741.00.53-0.05-0.120.381.00.77-0.56-0.79-0.45-0.15-0.220.410.740.03-0.710.57-0.65-0.48-0.830.8
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0.450.470.090.460.880.380.770.840.360.610.35-0.440.41-0.30.020.560.540.050.19-0.06-0.21-0.15-0.230.32
0.960.870.760.990.491.0-0.07-0.150.360.75-0.58-0.81-0.47-0.15-0.230.410.720.02-0.730.58-0.65-0.49-0.850.81
0.690.630.260.790.830.770.180.190.610.75-0.23-0.54-0.16-0.13-0.010.280.850.05-0.340.39-0.5-0.28-0.430.59
-0.56-0.61-0.48-0.480.29-0.560.80.750.35-0.58-0.230.530.970.11-0.160.16-0.220.370.88-0.610.580.620.5-0.47
-0.87-0.92-0.62-0.79-0.34-0.790.00.03-0.44-0.81-0.540.530.410.270.23-0.51-0.440.120.56-0.480.550.620.83-0.86
-0.45-0.51-0.37-0.370.36-0.450.830.750.41-0.47-0.160.970.410.06-0.260.2-0.190.540.83-0.530.480.690.33-0.33
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-0.130.04-0.46-0.23-0.08-0.22-0.160.050.02-0.23-0.01-0.160.23-0.26-0.25-0.320.09-0.650.040.01-0.22-0.330.54-0.47
0.50.440.430.440.420.410.450.370.560.410.280.16-0.510.20.16-0.320.230.150.110.1-0.14-0.2-0.50.51
0.620.60.330.770.740.740.220.210.540.720.85-0.22-0.44-0.19-0.120.090.23-0.13-0.430.38-0.27-0.28-0.330.34
-0.05-0.220.160.060.20.030.270.110.050.020.050.370.120.540.34-0.650.15-0.130.230.030.090.79-0.290.22
-0.66-0.65-0.69-0.650.08-0.710.60.590.19-0.73-0.340.880.560.830.120.040.11-0.430.23-0.670.480.520.62-0.54
0.520.540.40.530.050.57-0.34-0.39-0.060.580.39-0.61-0.48-0.530.360.010.10.380.03-0.67-0.39-0.23-0.470.47
-0.76-0.67-0.44-0.63-0.26-0.650.250.22-0.21-0.65-0.50.580.550.480.41-0.22-0.14-0.270.090.48-0.390.540.55-0.62
-0.59-0.66-0.32-0.45-0.03-0.480.290.21-0.15-0.49-0.280.620.620.690.43-0.33-0.2-0.280.790.52-0.230.540.31-0.4
-0.86-0.75-0.89-0.82-0.25-0.830.090.21-0.23-0.85-0.430.50.830.330.130.54-0.5-0.33-0.290.62-0.470.550.31-0.92
0.850.750.730.790.370.8-0.08-0.170.320.810.59-0.47-0.86-0.33-0.14-0.470.510.340.22-0.540.47-0.62-0.4-0.92
Click cells to compare fundamentals

BRF SA Account Relationship Matchups

BRF SA income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization2.0B2.7B2.9B3.0B3.2B3.4B
Interest Expense2.8B2.2B2.9B3.2B2.9B3.1B
Selling General Administrative866.2M2.4B2.3B2.2B7.5B7.9B
Total Revenue33.4B39.5B48.3B53.8B53.6B56.3B
Gross Profit8.1B9.5B10.2B8.1B8.3B5.6B
Other Operating Expenses30.4B36.5B45.5B54.0B52.8B55.5B
Operating Income3.9B2.8B3.0B484.1M788.0M1.4B
Ebit3.9B2.8B3.0B484.1M788.0M748.6M
Ebitda5.9B5.5B5.9B3.5B4.0B2.8B
Cost Of Revenue25.4B30.0B38.2B45.7B45.3B47.6B
Total Operating Expenses5.0B6.5B7.3B8.3B7.5B4.3B
Income Before Tax1.1B1.1B(34.8M)(2.8B)(2.0B)(1.9B)
Total Other Income Expense Net(2.9B)(1.7B)(3.0B)(3.3B)(2.8B)(2.6B)
Net Income1.2B1.5B419.5M(3.1B)(2.0B)(1.9B)
Income Tax Expense(125.9M)(242.3M)(552.1M)285.6M(115.9M)(110.1M)
Net Income Applicable To Common Shares297.6M1.4B419.5M(3.2B)(2.8B)(2.7B)
Minority Interest252.7M227.8M(17.9M)(24.8M)(112.6M)(106.9M)
Research Development67.8M65.2M42.0M33.4M48.0M50.4M
Selling And Marketing Expenses4.9B3.8B4.6B5.1B5.9B4.5B
Discontinued Operations(2.3B)(904.6M)(79.9M)(50.9M)(45.9M)(48.1M)
Net Income From Continuing Ops1.1B1.4B517.3M(3.1B)(3.6B)(3.4B)
Tax Provision(195.4M)(242.3M)(552.1M)285.6M(56.9M)(59.7M)
Interest Income1.2B378.1M489.9M651.9M790.1M599.3M
Net Interest Income(1.8B)(2.1B)(2.6B)(2.6B)(3.0B)(3.1B)
Reconciled Depreciation1.5B2.4B2.7B3.0B3.2B2.3B
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BRF SA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BRF SA's short interest history, or implied volatility extrapolated from BRF SA options trading.

Pair Trading with BRF SA

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if BRF SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in BRF SA will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to BRF SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BRF SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back BRF SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling BRF SA ADR to buy it.
The correlation of BRF SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BRF SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BRF SA ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for BRF SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether BRF SA ADR is a strong investment it is important to analyze BRF SA's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact BRF SA's future performance. For an informed investment choice regarding BRF Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BRF SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the BRF SA ADR information on this page should be used as a complementary analysis to other BRF SA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running BRF SA's price analysis, check to measure BRF SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BRF SA is operating at the current time. Most of BRF SA's value examination focuses on studying past and present price action to predict the probability of BRF SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BRF SA's price. Additionally, you may evaluate how the addition of BRF SA to your portfolios can decrease your overall portfolio volatility.
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Is BRF SA's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of BRF SA. If investors know BRF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about BRF SA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.02
Earnings Share
(0.30)
Revenue Per Share
39.415
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0065
The market value of BRF SA ADR is measured differently than its book value, which is the value of BRF that is recorded on the company's balance sheet. Investors also form their own opinion of BRF SA's value that differs from its market value or its book value, called intrinsic value, which is BRF SA's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BRF SA's market value can be influenced by many factors that don't directly affect BRF SA's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BRF SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if BRF SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BRF SA's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.