BRF Income Statement Research
| BRFS Stock | USD 3.39 0.04 1.17% |
BRF |
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 BRF SA Valuation and BRF SA Correlation analysis. 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 Profit | 10.2B | 8.1B | 8.3B | 5.6B | Total Revenue | 48.3B | 53.8B | 53.6B | 56.3B |
BRF SA income statement Correlations
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BRF SA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
BRF SA income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 2.8B | 2.2B | 2.9B | 3.2B | 2.9B | 3.1B | |
| Total Revenue | 33.4B | 39.5B | 48.3B | 53.8B | 53.6B | 56.3B | |
| Gross Profit | 8.1B | 9.5B | 10.2B | 8.1B | 8.3B | 5.6B | |
| Operating Income | 3.9B | 2.8B | 3.0B | 484.1M | 788.0M | 1.4B | |
| Ebit | 3.9B | 2.8B | 3.0B | 484.1M | 788.0M | 748.6M | |
| Ebitda | 5.9B | 5.5B | 5.9B | 3.5B | 4.0B | 2.8B | |
| Cost Of Revenue | 25.4B | 30.0B | 38.2B | 45.7B | 45.3B | 47.6B | |
| Income Before Tax | 1.1B | 1.1B | (34.8M) | (2.8B) | (2.0B) | (1.9B) | |
| Net Income | 1.2B | 1.5B | 419.5M | (3.1B) | (2.0B) | (1.9B) | |
| Income Tax Expense | (125.9M) | (242.3M) | (552.1M) | 285.6M | (115.9M) | (110.1M) | |
| Minority Interest | 252.7M | 227.8M | (17.9M) | (24.8M) | (112.6M) | (106.9M) | |
| Research Development | 67.8M | 65.2M | 42.0M | 33.4M | 48.0M | 50.4M | |
| Tax Provision | (195.4M) | (242.3M) | (552.1M) | 285.6M | (56.9M) | (59.7M) | |
| Interest Income | 1.2B | 378.1M | 489.9M | 651.9M | 790.1M | 599.3M | |
| Net Interest Income | (1.8B) | (2.1B) | (2.6B) | (2.6B) | (3.0B) | (3.1B) |
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.Moving together with BRF Stock
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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.Check out BRF SA Valuation and BRF SA Correlation analysis. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for BRF Stock analysis
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 (0.29) | 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.