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    JBSS3   BRJBSSACNOR8

JBS S.A.

(JBSS3)
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JBS S A : Brazil's JBS brings forward goal of eliminating deforestation in supply chain

06/30/2021 | 06:35pm EDT

SAO PAULO, June 30 (Reuters) - Brazilian meat company JBS SA , the world's second largest food producer, said on Wednesday it aims to eliminate illegal deforestation from its supply chain by 2025, moving up its previous goal for doing so by five years.

JBS said the supply chain pledge was the most comprehensive and challenging target among meatpackers in Brazil, since it involves monitoring cattle suppliers in all geographical regions in which the company operates.

Using blockchain technology, JBS is able to track direct and indirect suppliers, which it says is key to tackling the risk of deforestation in its supply chain.

Brazil has a large indirect cattle supplier industry of farmers who pass animals to other farms while they are still growing before they are sent to the slaughterhouse. Given a lack of information about the properties where the animals have passed through, companies sometimes struggle to ensure that all laws were followed.

"We are at a mature moment in the value chain," said Márcio Nappo, JBS's director of sustainability. "Ranchers understand they have to respect environment laws to access a broader market," he said during a video conference.

In operation since 2009, JBS's cattle monitoring system already assesses almost 80,000 supplier farms and covers an area of 85 million hectares that is bigger than France, the company said. (Reporting by Nayara Figueiredo Writing by Ana Mano Editing by Rosalba O'Brien)


ę Reuters 2021
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Analyst Recommendations on JBS S.A.
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Financials
Sales 2021 316 B 59 727 M 59 727 M
Net income 2021 12 225 M 2 314 M 2 314 M
Net Debt 2021 48 749 M 9 227 M 9 227 M
P/E ratio 2021 6,76x
Yield 2021 4,41%
Capitalization 81 857 M 15 420 M 15 493 M
EV / Sales 2021 0,41x
EV / Sales 2022 0,39x
Nbr of Employees 250 000
Free-Float 32,6%
Chart JBS S.A.
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JBS S.A. Technical Analysis Chart | JBSS3 | BRJBSSACNOR8 | MarketScreener
Technical analysis trends JBS S.A.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Last Close Price 32,60 BRL
Average target price 43,00 BRL
Spread / Average Target 31,9%
EPS Revisions
Managers and Directors
Gilberto Tomazoni Chief Executive & Operating Officer
Guilherme Perboyre Cavalcanti Chief Financial & Investor Relations Officer
Jeremiah Alphonsus O'Callaghan Chairman
Eliseo Santiago Perez Fernandez Director-Administration & Control
Gilberto Meirelles Xandˇ Baptista Independent Director
Sector and Competitors
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