SLC Agrícola S.A. Price & Performance (SLCJY)

SLC Agrícola reported a 4% year-on-year revenue decline to nearly BRL7 billion, mainly due to lower yields from adverse weather. However, the company expanded its planted area by 10.6% and acquired Sierentz Agro Brasil, adding 96,000 hectares. The move signals ongoing growth despite operational headwinds and market volatility.12

Financial forecasts show SLC Agrícola’s net debt rising over 40% to BRL4.57 billion in 2025, with leverage at 1.69x EBITDA. Despite this, analysts maintain an "outperform" consensus, citing improved margins and a projected 3.23% dividend yield, reflecting confidence in the company’s strategic trajectory and operational resilience.23

SLC Agrícola’s recent clearing of 5,200 hectares of native vegetation comes as it shifts toward an asset-light strategy and grows direct exports. However, this move may conflict with zero-deforestation commitments of top customers like Cargill, Amaggi LD, and Bunge, potentially straining key commercial relationships.45