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Pilgrim's Pride Corporation (PPC)

NEUTRAL
Consumer DefensivePackaged FoodsUnited States

Fundamental

67

Kurs

$31.79

Marktkapitalisierung

$7.68B

Teil 1 · Was das Unternehmen wert ist

Übersicht

Pilgrim's Pride raises, processes and sells chicken, and to a lesser extent pork, to grocery chains, foodservice operators and restaurants across the US, the UK, continental Europe and Mexico. It contracts with independent farmers who raise its birds under company supervision, then owns and runs the hatcheries, feed mills and processing plants that turn live birds into fresh, frozen and prepared chicken products, sold partly under its own brands and largely under retailers' private labels. JBS, the Brazilian meat producer, owns a large majority of its shares.

Wie das Geld verdient wird

Revenue comes from selling processed chicken and pork by the pound to large retail and foodservice customers under contracts that are periodically renegotiated. Profitability is squeezed between two volatile costs it does not control: feed (corn and soybean meal), its largest expense, and wholesale chicken prices, which move with industry-wide supply and consumer demand. Because margins are thin and highly sensitive to this spread, results swing significantly from year to year even when sales volumes stay roughly stable.

Umsatz nach Segment

US59.5%

Chicken and prepared-food products sold across the US to retail, foodservice and club-store customers; the largest and most mature market.

Europe29.1%

Fresh and prepared chicken sold in the UK and continental Europe under company and retailer private-label brands, run mainly through the Moy Park and Pilgrim's UK operations.

Mexico11.5%

Chicken production and sales in Mexico, the smallest of the three regional segments.

Wettbewerbsvorteil

Kein erkennbarer Vorteil · Keiner

Chicken is a commodity: consumers and foodservice buyers choose largely on price, and Pilgrim's Pride's scale as one of the largest US processors lowers costs somewhat but does not let it charge more than smaller rivals for the same cut of meat. Feed costs and wholesale chicken prices are set by industry-wide supply and demand that no single producer, however large, can control.

Was die Nachfrage antreibt

Defensiv

Chicken is the most affordable major protein, so consumer demand for it stays fairly steady through economic cycles and can even rise when shoppers trade down from beef or dining out. What swings sharply is not demand but the margin between wholesale chicken prices and feed costs, which behaves more like a commodity spread than a typical demand cycle.

Wichtigste Risiken

  • Feed cost volatility — Corn and soybean meal are Pilgrim's Pride's largest input costs, and a spike in grain prices, driven by weather, biofuel demand or trade disruptions, directly squeezes margins that the company cannot always pass through to customers.
  • Wholesale chicken price cyclicality — Chicken prices swing with industry-wide production levels; when processors collectively grow supply too fast, prices and margins fall across the whole sector regardless of how efficiently any single company operates.
  • Animal health and biosecurity risk — An outbreak of avian influenza or another disease can force the destruction of flocks, disrupt supply and trigger export restrictions from importing countries, hitting volume and costs at the same time.
  • Litigation and regulatory exposure — Pilgrim's Pride has faced antitrust investigations and litigation over alleged price-fixing in the broiler-chicken industry, and adverse outcomes or new regulation could bring fines or changes to how the company can operate.

Kundenkonzentration

Die größten Kunden machen 16.8 % des Umsatzes aus

The two largest US customers together account for about 17% of consolidated net sales, with no single customer above 10%, among a base that includes Chick-fil-A, Kroger, Costco, Walmart and McDonald's across its markets.

Die Argumente dafür

Buyers argue that geographic diversification across the US, UK, Europe and Mexico smooths out regional supply swings, that a shift toward more prepared and branded products reduces exposure to raw commodity pricing, and that scale as one of the world's largest chicken producers supports cost efficiency through the cycle.

Die Argumente dagegen

Sellers fear that chicken remains a low-margin commodity business whose profits are set by the gap between feed costs and wholesale prices that no producer controls, that past antitrust litigation signals structural pricing risk across the industry, and that majority ownership by JBS limits minority shareholders' influence over capital allocation.

Written by the editors, published on 18. August 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Bilanz & Liquidität

Umsatz

$18.44B

Letzte 12 Monate (bis 28.6.2026)

Nettogewinn

$546M

Letzte 12 Monate (bis 28.6.2026)

Freier Cashflow

$1.12B

Gesamtes Eigenkapital

$3.68B

Gesamtverbindlichkeiten

$6.65B

Current Ratio

1.36

Zinsdeckungsgrad

5.61

Schulden/EBITDA

1.50

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

Unterbewertet

Innerer Wert

$93.64

Aktueller Kurs

$31.79

Sicherheitsmarge

+66.1%

Innerer-Wert-Spanne

$60.87 - $126.42

Bewertungsmethoden

Analyst Target:$33.64
DCF:$321.37
PE-based:$22.57
Graham Growth:$117.89
EPV:$38.26
Analystenkonsens:Kaufen (5B / 9H / 0S)
Letzte Gewinnüberraschung:-8.16%

Bewertungskennzahlen

P/E-Verhältnis

13.82

ROE

29.4%

P/B-Verhältnis

2.02

P/FCF

10.36

Bruttomarge

9.6%

ROIC

10.0%

Rentabilitäts-Radar

Value Creation (Economic Moat)

ROIC

10.0%

WACC

6.7%

ROIC − WACC

+3.3 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamentalanalyse-Kriterien

Bestanden (18)

  • EPS shows upward trend
  • Price CAGR 5.44%
  • ROIC 10.0%
  • P/FCF 10.36
  • P/B Ratio 2.02
  • Debt/Equity ratio
  • Operating Margin 5.0%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 14.8%
  • Revenue Growth 5Y 8.9%
  • PEG Ratio 0.18
  • Earnings Quality (OCF/NI) 2.24
  • Share Dilution 0.3%
  • Piotroski F-Score 6/9

Nicht bestanden (8)

  • Gross Margin 9.6%
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Fairly valued)
  • Analyst Consensus 36% Buy
  • Earnings Surprise avg -9.9%
  • Net Margin Trend 3.0% vs 6.8%

Nicht verfügbar (1)

  • Dividend Payout NaN%

Piotroski F-Score

6/9

Gemischte Signale: Einige Bereiche bedürfen Aufmerksamkeit

score
criteria

Gewinnqualität

2.24

Hohe Qualität: Gewinne durch Cashflow gedeckt

Aktienverwässerung

0.3%

Aktienanzahl ist stabil

Unternehmensführung

Führungsteam

NamePositionAlter
Mr. Fabio SandriPresident & CEO53
Mr. Matthew R. GalvanoniCFO & Chief Accounting Officer52
Mr. Andrew RojeskiHead of Strategy, Investor Relations & Net-Zero Programs-
Ms. Lisa BurdickHead of Human Resources-
Ms. Kendra WaldbusserHead of Global Food Safety & Quality Assurance-
Mr. Jesus MunozPresident of Pilgrim's Mexico-

Prüfungsrisiko

7

Vorstandsrisiko

10

Vergütungsrisiko

3

Aktionärsrechterisiko

5

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

Latest News

Recent headlines for PPC, sourced from Markets Gazette.

  • 7d agoPOSITIVE
    JBS Seeks Rest of Pilgrim’s Pride Stake in $1.2 Billion Deal

    Pilgrim's Pride Corp. shares surged following an offer from JBS NV to acquire the remaining stake in the chicken producer for approximately $1.2 billion. This all-stock deal values the company at $1.2 billion. JBS, already a major shareholder, aims to consolidate its ownership. For investors in Pilgrim's Pride, this represents a significant premium on their current holdings, potentially offering a lucrative exit or a continued stake in a larger, integrated entity under JBS's control.

via Markets Gazette