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JBS NV (MEX:JBSN) Piotroski F-Score : 5 (As of Jun. 30, 2025)


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What is JBS NV Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

JBS NV has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for JBS NV's Piotroski F-Score or its related term are showing as below:

MEX:JBSN' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of JBS NV was 8. The lowest was 4. And the median was 6.


JBS NV Piotroski F-Score Historical Data

The historical data trend for JBS NV's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

JBS NV Piotroski F-Score Chart

JBS NV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 7.00 5.00 4.00 6.00

JBS NV Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 6.00 6.00 5.00

Competitive Comparison of JBS NV's Piotroski F-Score

For the Packaged Foods subindustry, JBS NV's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


JBS NV's Piotroski F-Score Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, JBS NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where JBS NV's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 5834.045 + 13662.596 + 12706.546 + 10387.59 = MXN42,591 Mil.
Cash Flow from Operations was 0 + 0 + 0 + -11515.219 = MXN-11,515 Mil.
Revenue was 342198.817 + 392888.142 + 604396.022 + 405488.427 = MXN1,744,971 Mil.
Gross Profit was 52762.648 + 64670.685 + 89714.432 + 54501.517 = MXN261,649 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(680942.25 + 746817.242 + 805616.482 + 859634.358 + 850867.279) / 5 = MXN788775.5222 Mil.
Total Assets at the begining of this year (Mar24) was MXN680,942 Mil.
Long-Term Debt & Capital Lease Obligation was MXN418,822 Mil.
Total Current Assets was MXN354,531 Mil.
Total Current Liabilities was MXN218,435 Mil.
Net Income was -931.154 + 2019.752 + 618.113 + 5485.672 = MXN7,192 Mil.

Revenue was 315711.084 + 322403.069 + 299349.309 + 297102.029 = MXN1,234,565 Mil.
Gross Profit was 34923.859 + 38982.745 + 35030.496 + 38928.273 = MXN147,865 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(692856.72 + 700572.887 + 756597.274 + 715853.155 + 680942.25) / 5 = MXN709364.4572 Mil.
Total Assets at the begining of last year (Mar23) was MXN692,857 Mil.
Long-Term Debt & Capital Lease Obligation was MXN333,794 Mil.
Total Current Assets was MXN250,305 Mil.
Total Current Liabilities was MXN148,746 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

JBS NV's current Net Income (TTM) was 42,591. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

JBS NV's current Cash Flow from Operations (TTM) was -11,515. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=42590.777/680942.25
=0.06254683

ROA (Last Year)=Net Income/Total Assets (Mar23)
=7192.383/692856.72
=0.01038077

JBS NV's return on assets of this year was 0.06254683. JBS NV's return on assets of last year was 0.01038077. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

JBS NV's current Net Income (TTM) was 42,591. JBS NV's current Cash Flow from Operations (TTM) was -11,515. ==> -11,515 <= 42,591 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=418821.712/788775.5222
=0.53097707

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=333793.757/709364.4572
=0.47055326

JBS NV's gearing of this year was 0.53097707. JBS NV's gearing of last year was 0.47055326. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=354530.935/218434.576
=1.62305319

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=250304.696/148745.73
=1.68276895

JBS NV's current ratio of this year was 1.62305319. JBS NV's current ratio of last year was 1.68276895. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

JBS NV's number of shares in issue this year was 2218.116. JBS NV's number of shares in issue last year was 2218.116. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=261649.282/1744971.408
=0.14994474

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=147865.373/1234565.491
=0.11977119

JBS NV's gross margin of this year was 0.14994474. JBS NV's gross margin of last year was 0.11977119. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=1744971.408/680942.25
=2.56258355

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1234565.491/692856.72
=1.78184819

JBS NV's asset turnover of this year was 2.56258355. JBS NV's asset turnover of last year was 1.78184819. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+0+0+1+1+1
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

JBS NV has an F-score of 5 indicating the company's financial situation is typical for a stable company.

JBS NV  (MEX:JBSN) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


JBS NV Piotroski F-Score Related Terms

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JBS NV Business Description

Traded in Other Exchanges
Address
Avenue Marginal Direita do Tiete, 500, Bloco I, 3rd Floor, Sao Paulo, SP, BRA, 05118-100
JBS SA is a protein food company, selling protein products, which include fresh and frozen cuts of beef, pork, lamb, fish, whole chickens, and chicken parts, to retailers (such as supermarkets, club stores and other retail distributors), and foodservice companies (such as restaurants, hotels, foodservice distributors and additional processors). The food products are marketed under different brands such as Swift, Just Bare, Pilgrim's Pride, Sunnyvalley, Reserva Friboi, Great Southern, etc., globally. The company's reportable segments are Beef North America, which generates maximum revenue, Brazil, Seara, Pork USA, Pilgrim's Pride, Australia, and Others. Geographically, it derives key revenue from North and Central America, followed by South America, Australia, Europe, and other regions.

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