PPC
Pilgrim's Pride Corporation
PPC's fundamentals are weak and it looks expensive: trading at 20x earnings, above its usual 12x. Its downside scenario is about ten times its upside.
PPC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Stable |
PPC's revenue, profitability and balance sheet are currently stable, but its cash flow is under pressure.
PPC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.8x | $10.55 | -61% |
| Fair | 12x | $16.68 | -39% |
| Forward | 12x | $27.25 | — |
| Current | 20x | $27.25 | — |
| Expensive | 36x | $48.32 | +77% |
Historical ranges are pointers, not guarantees.
PPC's PE is in its expensive range at 20x. On analysts' estimates for next year's earnings, today's price would be 12x, in its fair range.
PPC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect PPC's earnings and profitability to decline, with its revenue holding steady.
PPC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.19 | +62% |
| Q3 2026 | $1.35 | -74% |
| Q2 2026 | $2.30 | -56% |
| Q1 2026 | $3.73 | -27% |
| Q4 2025 | $4.54 | -0.7% |
| Q3 2025 | $5.17 | +25% |
| Q2 2025 | $5.20 | +63% |
| Q1 2025 | $5.08 | +145% |
| Q4 2024 | $4.57 | +236% |
PPC's earnings per share have fallen from their peak: $1.35 over the past year, against $5.20 in mid-2025.
PPC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.7B | -2.2% |
| Q2 2026 | $4.6B | -2.8% |
| Q1 2026 | $4.5B | +1.6% |
| Q4 2025 | $4.5B | +3.3% |
| Q3 2025 | $4.8B | +3.8% |
| Q2 2025 | $4.8B | +4.3% |
| Q1 2025 | $4.5B | +2.3% |
| Q4 2024 | $4.4B | -3.5% |
PPC's revenue grew through 2022 and has held roughly level since: $4.7B last quarter, down 2.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.1% | -6.2 points |
| Q2 2026 | 1.4% | -9.3 points |
| Q1 2026 | 3.6% | -5.5 points |
| Q4 2025 | 4.5% | -2.5 points |
| Q3 2025 | 10% | -0.7 points |
| Q2 2025 | 11% | +1.1 points |
| Q1 2025 | 9.1% | +3.3 points |
| Q4 2024 | 7% | +2.9 points |
PPC's operating margin was 4.1% last quarter, down 6.2 points from the same quarter a year ago.
PPC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $11M | -96% |
| Q2 2026 | $76.8M | -77% |
| Q1 2026 | -$95.4M | -440% |
| Q4 2025 | $10M | -94% |
| Q3 2025 | $275.9M | -51% |
| Q2 2025 | $339.1M | -45% |
| Q1 2025 | $28.1M | -84% |
| Q4 2024 | $176.6M | +16% |
PPC still generates free cash flow, though less than at its 2024 peak: $2M over the past year.
PPC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +190K shares |
| 1 year | +0.2% | +507K shares |
| 3 years | +0.7% | +1.7M shares |
| 5 years | -2.1% | -5.2M shares |
| Available history | -4.3% | -10.7M shares |
PPC has 239M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2022 | $79.6M |
| Q2 2022 | $93M |
| Q1 2022 | $27M |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q3 2020 | $29.9M |
| Q2 2020 | $50M |
PPC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.2x | Moderate |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.0x | Healthy |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
PPC's net debt is about 2.2 years of its operating earnings (EBITDA), up from 1.1 years a year ago.
PPC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.5 | Neutral |
| Stochastic | 40.3 | Neutral |
PPC's weekly RSI is 39 (neutral) and its Stochastic is 40 (neutral).
PPC PE vs Consumer Defensive Sector
| Metric | PPC | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 19x | 3.6% above |
| PE % | 67 | 18 | 49 pts above |
PPC is trading at 20x earnings, in line with the Consumer Defensive sector's median of 19x.
PPC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.3 | 3.5% below |
| 20 week MA | $28.9 | 5.7% below |
| 50 week MA | $33.3 | 18% below |
| 100 week MA | $39.7 | 31% below |
| 200 week MA | $35.7 | 24% below |
PPC is in a downtrend: it's below all five of its weekly moving averages, and 24% below its 200-week average.
PPC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $33.0 | $19.4 | -41% |
| 2021 | $19.4 | $27.6 | +42% |
| 2022 | $27.6 | $23.8 | -14% |
| 2023 | $23.8 | $27.7 | +16% |
| 2024 | $27.7 | $45.9 | +66% |
| 2025 | $45.9 | $39.8 | -13% |
| 2026 YTD | $39.8 | $27.3 | -32% |
PPC has finished lower in three of the last six years. It's down 32% so far in 2026.