# JBS N.V. (JBS.US)

Canonical: https://gigainvestors.com/s/JBS

Analysis as of: 2026-10-16T07:29:28.657Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $12.72 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Christopher Davis](https://gigainvestors.com/DAV): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 29% since Mar 2026 · "JBS stock slips as adjusted earnings miss estimates despite record revenue" (finance.yahoo.com, Aug 2026)

Story as of 2026-10-16T09:58:59.028Z; price observation 2026-10-15.

- 2026-08-11: JBS stock slips as adjusted earnings miss estimates despite record revenue ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/jbs-stock-slips-adjusted-earnings-123242294.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in packaged foods; annual sales are USD 86.2 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1791942/000121390026034213/ea0282342-20f_jbsnv.htm#000121390026034213 (filed 2026-03-25); FY2025: revenue 86184182000; grossProfit 11299280000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 10.9% to 15% during 2023–25.

- Source: https://www.sec.gov/Archives/edgar/data/1791942/000121390026034213/ea0282342-20f_jbsnv.htm#000121390026034213 (filed 2026-03-25); FY2023: grossProfit / revenue = 10.9%.

- Source: https://www.sec.gov/Archives/edgar/data/1791942/000121390026034213/ea0282342-20f_jbsnv.htm#000121390026034213 (filed 2026-03-25); FY2024: grossProfit / revenue = 15%.

- Source: https://www.sec.gov/Archives/edgar/data/1791942/000121390026034213/ea0282342-20f_jbsnv.htm#000121390026034213 (filed 2026-03-25); FY2025: grossProfit / revenue = 13.1%.

### Where the cash goes

Paid dividends in 3 of 3 years.

- Source: https://www.sec.gov/Archives/edgar/data/1791942/000121390026034213/ea0282342-20f_jbsnv.htm#000121390026034213 (filed 2026-03-25); FY2023: growth capex 0; upkeep 1502137000; owner earnings 448060000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1791942/000121390026034213/ea0282342-20f_jbsnv.htm#000121390026034213 (filed 2026-03-25); FY2024: growth capex 0; upkeep 1480298000; owner earnings 2476119000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1791942/000121390026034213/ea0282342-20f_jbsnv.htm#000121390026034213 (filed 2026-03-25); FY2025: growth capex 0; upkeep 2099269000; owner earnings 2233584000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-25); Dividend observations: [[2023,6318000],[2024,4293000],[2025,1573855000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 57.8% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); JBS.US SharesStats.PercentInsiders = 57.753 percentage points; cache date 2026-10-16.

### What the price says

The price is 0.2 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-25); Closing price 12.72 USD; reporting-to-trading FX 1; FY2025 annual sales per share 80.4650736711796; price multiple 0.15808100856255053. FY2025 cash earnings/share 2.085365283280962. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-06: $14.61 per share

- 2025-07: $13.80 per share

- 2025-08: $16.21 per share

- 2025-09: $14.93 per share

- 2025-10: $13.21 per share

- 2025-11: $14.69 per share

- 2025-12: $14.42 per share

- 2026-01: $15.75 per share

- 2026-02: $16.89 per share

- 2026-03: $17.96 per share

- 2026-04: $16.06 per share

- 2026-05: $12.47 per share

- 2026-06: $11.85 per share

- 2026-07: $14.02 per share

- 2026-08: $13.44 per share

- 2026-09: $11.29 per share

- 2026-10: $12.72 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 20-F filing](https://www.sec.gov/Archives/edgar/data/1791942/000121390026034213/ea0282342-20f_jbsnv.htm); period 2025-12-31, filed 2026-03-25.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.