Pilgrims Pride Corp

Consumer Staples
Meat/Poultry/Fish
www.pilgrims.com

Earnings Score
Moat Score
Safety Score

Market Cap $11.05B
PE 9
Debt $3.20B
Cash $2.08B
EV $12.17B
FCF $1.39B

Earnings

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Sales & Net Margins

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Earnings	$1.21B
EBIT	$1.66B
ROE	38%
ROA	15%
FCF	$1.39B
Equity	$3.15B
Growth Stability	12%
PE	9.14
PEG	0.2
PB	3.51
P/FCF	7.96
P/S	0.61
Price/Cash	0.19
Debt/Equity	1.02
Debt/FCF	2.31
Net Margins	7%
Gross Margins	14%
Op. Margins	9%
Earnings CAGR	1%
Sales Growth YoY	2%
Sales Growth QoQ	2%
Sales CAGR	24%
FCF CAGR	5%
Equity CAGR	14%
Earnings Stability	0
Earnings Growth YoY	70%
Earnings Growth QoQ	26%

Earnings CAGR 5Y	47%
Sales CAGR 5Y	10%
FCF CAGR 5Y	32%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	89%
Equity CAGR 3Y	14%
Market Cap	$11.05B
Revenue	$17.98B
Assets	$10.96B
Total Debt	$3.20B
Cash	$2.08B
Shares Outstanding	236.83M
EV	12.17B
Earnings Score	6%
Moat Score	93%
Safety Score	61%
Final Score	53%
Working Capital	1.38B
Current Ratio	1.35
Gross Profit	$2.48B
Shares Growth 3y	-0%
Equity Growth QoQ	-26%
Equity Growth YoY	-10%

Assets & ROA

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Stockholders Equity & ROE

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Pilgrim's Pride is the second-largest poultry producer in the U.S. (62% of 2021 sales), Europe (26%), and Mexico (12%). The 2019 purchase of Tulip, the U.K.'s largest hog producer, marks the firm's entrance into the pork market, which represents about 10% of sales. Pilgrim's sells its protein to chain restaurants, food processors, and retail chains. Channel exposure is split evenly between retail and food service, with the majority of food-service revenue coming from quick-service restaurants. JBS owns 80% of Pilgrim's outstanding shares; it attempted to purchase the remaining 20% in late 2021, but the board rejected JBS's $26.50 offer as inadequate, and we concur.

SEC Filings

Direct access to Pilgrims Pride Corp (PPC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 30
2024
- 10-K Dec 29
- 10-Q Sep 29
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 24
- 10-Q Jun 25
- 10-Q Mar 26

Sector Comparison

How does Pilgrims Pride Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Pilgrims Pride Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 1%

Stability 0%

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Pilgrims Pride Corp Discounted Cash Flow

Fully customizable DCF calculator online for Pilgrims Pride Corp.

Years

Calculation mode

= $19B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.4B	$1.5B	$1.5B	$1.6B	$1.7B	$1.8B	$1.8B	$1.9B	$2B	$2.1B	$2.2B	$22B
DCF		$1.3B	$1.3B	$1.2B	$1.1B	$1.1B	$1B	$989M	$942M	$898M	$855M	$8.6B
Value	$19B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	05/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	8%	-	4%	6%	2%	4%	1%	0%	4%	2%	6%	7%
ROA	-	-	24%	17%	8%	11%	4%	2%	13%	5%	14%	15%
ROE	-	-	49%	37%	12%	18%	4%	1%	26%	10%	26%	38%

Bad Net Margins (6.63%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	05/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	2.12	5.97	16.67	7.38	6.29	-59.29	17.77	27.83	2.09	2.31
Debt over Equity	0.82	-	1.14	1.49	1.18	0.93	0.9	1.26	1.14	1	0.75	1.02
Growth Stability	-	-	-	100%	44%	99%	20%	12%	100%	100%	100%	12%

Neutral Debt/FCF ratio (2.31)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.02)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (12%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	05/2016	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-	-	9%	2%	4%	6%	22%	18%	-1%	3%	10%
Earnings YoY growth	-	-	-	58%	-64%	85%	-79%	-67%	2K%	-57%	238%	47%
Equity YoY growth	-	-	-	107%	9%	26%	2%	1%	10%	17%	27%	11%
FCF YoY growth	-	-	-	-4%	-69%	123%	16%	-115%	-431%	-34%	1K%	32%