Voltar à classificação

Pilgrim's Pride Corporation (PPC)

NEUTRAL
Consumer DefensivePackaged FoodsUnited States

Fundamental

67

Preço

$31.79

Capitalização de Mercado

$7.68B

Parte 1 · Quanto vale a empresa

Visão Geral

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.

Como gera receita

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.

Receita por segmento

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.

Vantagem competitiva

Nenhuma vantagem identificada · Nenhuma

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.

O que impulsiona a procura

Defensivo

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.

Principais riscos

  • 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.

Concentração de clientes

Os principais clientes representam 16.8% da receita

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.

Os argumentos a favor

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.

Os argumentos contra

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 de agosto de 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.

Balanço & Liquidez

Receita

$18.44B

Últimos 12 meses (até 28/06/2026)

Resultado Líquido

$546M

Últimos 12 meses (até 28/06/2026)

Fluxo de Caixa Livre

$1.12B

Capital Próprio Total

$3.68B

Passivo Total

$6.65B

Rácio de Liquidez

1.36

Cobertura de Juros

5.61

Dívida/EBITDA

1.50

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Subvalorizada

Valor Justo

$93.64

Preço Atual

$31.79

Margem de Segurança

+66.1%

Intervalo de Valor Justo

$60.87 - $126.42

Métodos de Estimativa

Analyst Target:$33.64
DCF:$321.37
PE-based:$22.57
Graham Growth:$117.89
EPV:$38.26
Consenso dos Analistas:Comprar (5B / 9H / 0S)
Última Surpresa de Resultados:-8.16%

Métricas de Avaliação

Rácio P/E

13.82

ROE

29.4%

Rácio P/B

2.02

P/FCF

10.36

Margem Bruta

9.6%

ROIC

10.0%

Radar de Rentabilidade

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.

Critérios de Análise Fundamental

Aprovado (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

Reprovado (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%

Indisponível (1)

  • Dividend Payout NaN%

Piotroski F-Score

6/9

Sinais mistos: algumas áreas requerem atenção

score
criteria

Qualidade dos Resultados

2.24

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

0.3%

Número de ações estável

Governação

Equipa Executiva

NomeCargoIdade
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-

Risco de Auditoria

7

Risco do Conselho

10

Risco de Remuneração

3

Risco dos Direitos dos Acionistas

5

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Latest News

Recent headlines for PPC, sourced from Markets Gazette.

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

    Pilgrim's Pride Corp. shares surged following a $1.2 billion stock offer from JBS NV, which aims to acquire the remaining shares of the chicken producer it does not already own. This significant offer represents a substantial premium for Pilgrim's Pride shareholders, driving the stock's largest gain in five years. The proposed acquisition by JBS, a major player in the global meatpacking industry, signals strong strategic interest and potential consolidation within the sector. Investors are likely to view this development favorably, anticipating a successful completion of the deal and a positive outcome for Pilgrim's Pride stakeholders.

via Markets Gazette