BRF S.A. is a publicly-held company in Brazil and is therefore subject to the requirements of the Brazilian Corporation Law and the rules and regulations of the CVM.
We were founded as Perdigão by the Brandalise and Ponzoni families in 1934 as Ponzoni, Brandalise e Cia. in the southern State of Santa Catarina and remained under the Brandalise family's management until September 1994. In 1940, we expanded our operations from general trading, with an emphasis on food and food-related products, to include pork processing. During the 1950s, we entered the poultry processing business. During the 1970s, we broadened the distribution of our products to include export markets, starting with Saudi Arabia. From 1980 through 1990, we expanded our export markets to include Japan in 1985 and Europe in 1990. We also undertook a series of acquisitions in the poultry and pork processing business and made investments in other businesses.
From 1990 through 1993, we suffered substantial losses because of increased financial expenses, underinvestment in product development, limited capacity and modest marketing of our products. By September 1994, we faced a liquidity crisis, as a result of which the Brandalise family sold their interest in our company, consisting of 80.68% of our common shares and 65.54% of our preferred shares, to eight Brazilian pension funds. Upon acquiring control of our company, the eight original pension funds hired a new team of executive officers who restructured management and implemented capital increases and modernization programs.
|Comps ($MM TTM)||Market Cap||Gross Margin||EV/EBITDA||Ret on Assets||Assets||Liabilities||Revenue||G Profit||Net Income||EBITDA||EV|
|Tyson Foods (TSN)||31,183||12%||11.5||6%||33,097||19,015||42,405||5,022||2,035||3,517||40,529|
|Industrias Bachoco (IBA)||24,138||0%||52,866||14,700||0||0||0||0||10,572|
|Hormel Foods (HRL)||23,423||20%||16.5||12%||8,109||2,188||9,497||1,885||979||1,393||23,008|
|Pilgrims Pride (PPC)||7,819||9%||8.9||5%||6,603||4,273||11,003||981||357||809||7,194|
|Berry Global Group (BERY)||5,353||18%||14.6||2%||16,469||14,851||8,878||1,613||404||1,103||16,080|
|Dunxin Financial Holdings (DXF)||4,960||0%||869||0||0||0||0||4,960|
|Performance Food Group (PFGC)||4,923||17%||13.6||3%||6,163||4,830||15,548||2,631||175||446||6,048|
|Flowers Foods (FLO)||4,840||0%||15.3||6%||3,209||1,916||4,087||0||183||373||5,717|
|Armstrong World Industries (AWI)||4,699||39%||17.5||11%||1,510||1,142||791||306||167||301||5,251|
|Boston Beer (SAM)||4,270||48%||21.9||12%||1,016||297||1,234||588||118||194||4,243|
|Lancaster Colony (LANC)||4,044||25%||17.1||16%||962||213||1,328||337||152||226||3,870|
|Deckers Outdoor (DECK)||3,957||52%||9.9||16%||1,692||775||2,087||1,076||279||382||3,779|
|Sanderson Farms (SAFM)||3,464||8%||16.8||3%||1,774||356||3,440||279||53||203||3,423|
|China Xiangtai Food (PLIN)||0%||51||27||0||0||0||0||-3|
|Balance Sheet ($MM)||2018-12-31|
|Income Statement ($MM)||2018-12-31|
|Cost of Revenue|
|Cash Flow ($MM)||2018-12-31|