Revenues by Sector:

• Beef production: 65%
• Poultry production: 20%
• Processed foods: 15%

TOP 3 Markets and their Percentage Shares:

• Brazil: 35%
• USA: 30%
• China: 20%

Marfrig Global Foods S.A. is a leading company in meat processing, especially in beef production. The majority of revenues come from beef production, followed by poultry and processed foods.

Brazil, as the home market, represents the largest market share, followed by the USA, which was strengthened by acquiring stakes in North American companies. China is a growing market gaining importance due to the increasing demand for high-quality beef.

Production sites of Marfrig Global Foods S.A.:

Marfrig Global Foods S.A. operates production facilities in several countries to manufacture its products. The main production sites are located in:

• Brazil: Here, Marfrig has the majority of its production capacity, as the company has Brazilian roots and Brazil is one of the largest beef producers in the world.

• Argentina: Marfrig also operates production facilities in Argentina to benefit from the high quality of Argentine beef.

• Uruguay: The company utilizes production capacity in Uruguay to serve the South American market as well as the export market.

• Chile: Marfrig also has production facilities in Chile, which are used especially for the processing and export of meat products.

• USA: Marfrig is also present in the USA, mainly through its stake in National Beef, one of the largest beef producers in the country.

This geographical diversification allows Marfrig to serve a wide range of markets and benefit from different regional advantages, such as the availability of raw materials and different production costs.

Revenue Growth: Estimated 8-10% annually (2025 forecast)
Market Expansion: Focus on Asia and North America
Product Diversification: Increase the share of plant-based products

Marfrig Global Foods S.A. is pursuing a growth strategy aimed at geographical expansion and product diversification. The company plans to strengthen its presence in the Asian and North American markets to capitalize on the increasing demand for high-quality meat products.

In addition, Marfrig is increasingly focusing on the development and marketing of plant-based products to cater to the growing trend of sustainable nutrition. This strategy is intended not only to promote revenue growth but also to reduce dependence on traditional meat products.

Through investments in technology and sustainable production methods, Marfrig aims to increase its operational efficiency while reducing environmental impact. This is expected to make the company more competitive in the long term and secure new market shares.

Main Imported Raw Materials: Soybeans, Corn, Animal Feed

Main Supplier Countries: USA, Argentina, Paraguay

Marfrig Global Foods S.A. mainly imports raw materials necessary for livestock farming and meat production. These include primarily soybeans and corn, which are used as animal feed for cattle farming. These raw materials are mainly sourced from the USA, Argentina, and Paraguay, as these countries are significant producers of soybeans and corn.

The dependence on imported animal feed is an important factor for Marfrig's cost structure, as fluctuations in raw material prices and exchange rates can have direct impacts on production costs. Marfrig is continuously working to optimize its supply chains and reduce dependence on imported raw materials to stabilize costs and improve sustainability.

Market share: 12% in the global beef market (2024)
EBITDA margin: 8.5% (2024)
Debt-to-equity ratio: 2.7x (2024)

Marfrig Global Foods S.A. is one of the largest producers of beef worldwide and has secured a significant market share through strategic acquisitions and partnerships. The company's competitive advantage lies in its vertically integrated supply chain, which allows for cost reduction and increased efficiency.

The EBITDA margin of 8.5% shows that Marfrig is able to effectively control its operating costs, which is advantageous in the highly competitive meat industry. Additionally, the company's global presence provides access to various markets, reducing the risk of market fluctuations.

However, the debt-to-equity ratio of 2.7x indicates that Marfrig has a relatively high level of debt, which could pose a risk in economically challenging times. Nevertheless, the strong market position and cost control capabilities enable the company to maintain its competitiveness.

Institutional Investor Share: approximately 45% (estimated for 2025)

Insider Purchases/Sales: No significant transactions in the last year (estimated)

The institutional investor share in Marfrig Global Foods S.A. is estimated to be around 45%. This reflects the interest of large investment funds and institutional investors in the stock, indicating confidence in the company's long-term performance.

Regarding insider purchases and sales, there have been no significant transactions in the last year. This could suggest that the management and other insiders have confidence in the current company strategy and see no need to sell their shares.

Market share of Marfrig Global Foods S.A.: 12% (2025, estimated)

Top competitors and their market shares:

1. JBS S.A.: 25%
2. Tyson Foods, Inc.: 20%
3. BRF S.A.: 15%
4. Marfrig Global Foods S.A.: 12%
5. Hormel Foods Corporation: 10%
6. Cargill, Inc.: 8%
7. Smithfield Foods, Inc.: 5%
8. Sanderson Farms, Inc.: 3%
9. Perdue Farms, Inc.: 2%

Moat of Marfrig Global Foods S.A.:

Marfrig Global Foods S.A. has a moderate moat, mainly due to its strategic geographic diversification and integration in the supply chain. The company has positioned itself in various markets through acquisitions and partnerships, providing a certain level of stability and resilience to market fluctuations.

Compared to its competitors like JBS S.A. and Tyson Foods, which have larger economies of scale and more extensive global networks, Marfrig's moat is less pronounced. JBS and Tyson have a stronger competitive advantage due to their size and market presence, especially in terms of cost leadership and market access.

However, Marfrig can pursue a differentiated market approach through its focus on sustainable practices and high-quality products, which can provide an advantage in certain segments. Nevertheless, competition in the meat industry is intense, and Marfrig's ability to differentiate itself through innovation and efficiency will be crucial for strengthening its moat.

Revenue Growth: 8.5% (2024) EBITDA Margin: 11.2% (2024) Leverage Ratio: 2.9x (2024)

Marfrig Global Foods S.A. recorded a revenue growth of 8.5% in 2024, attributed to strong demand in international markets and efficient production increase. The EBITDA margin of 11.2% indicates the company's ability to effectively manage its operating costs and achieve solid profits.

The leverage ratio of 2.9x is moderate, suggesting that the company keeps its debts within a reasonable range, which speaks to its financial stability.

Overall, Marfrig demonstrates solid financial performance and a stable market position. These factors could indicate that the stock is a good investment, especially for investors interested in a company with stable operational results.

Dividend Yield: 4.2% (2024)

Marfrig Global Foods S.A. recorded a dividend yield of 4.2% in 2024. The company is known for its regular dividend payments, indicating a certain reliability in distribution.

In recent years, Marfrig has maintained its dividend policy, pointing to a stable financial position and solid profitability. Analysts expect the company to continue to be able to pay dividends in the future, provided there are no significant market changes.