Added to YB: 2026-05-19
Pitch date: 2026-05-16
PPC [neutral]
Pilgrim's Pride Corporation
+1.42%
current return
Author Info
Quipus Capital is an investment knowledge repository, i.e. a growing compendium of information about companies and industries, from the perspective of a long-only, long-term, operator-mindset investor. I look at hundreds of global companies, read a lot, and build expert networks. I condense all that information in Quipus and send it to you, ideally not more than once or twice a month. Sign up for the newsletter.
Company Info
Pilgrim's Pride Corporation produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.
Market Cap
$6.6B
Pitch Price
$28.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
4.19
P/E
7.39
EV/Sales
0.51
Sector
Food Products
Category
value
US Meatpacking ($PPC): Cheap enough?
PPC (overview): Leading US chicken processor (15% capacity), integrated model. 80% fresh/commodity exposure (vs Tyson's 15-20%), 50% retail, foodservice mix. Europe (20% OpInc) branded/prepared focused (60% rev), Mexico (10% OpInc) commodity-heavy. $1.6B EBIT, $1.1B NI, $7B mcap (~6x P/E). Risk: US cyclicality repeating 2014-21 downturn, though lower peak cap profitability vs then. 2019-26 avg 15% pre-tax ROC implies 10x multiple. Cheap if cycle avoids deep trough; near-term margin pressure likely.
Read full article (4 min)