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Minerva SA
(OTC:MRVSY)
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Rating:56Neutral
Price Target:
$2.50
▼(-16.11% Downside)
Action:Reiterated
Date:10/29/26
The score is primarily held back by financial risk from very high leverage and thin margins despite improving operations and solid cash generation. Technicals also weigh on the outlook as the stock is in a pronounced downtrend with negative momentum. Offsetting these risks, valuation is attractive with a low P/E and a high dividend yield.
Positive Factors
Revenue Growth
The approximately 88% TTM revenue increase indicates strong recent expansion in the company’s sales base and operating scale. If sustained, this growth can improve plant utilization, strengthen customer reach, and provide greater operating leverage across its beef processing and export platform.
Negative Factors
Very High Leverage
Debt is exceptionally large relative to shareholders’ equity, leaving Minerva with limited balance-sheet flexibility. The thin equity cushion increases sensitivity to earnings volatility, refinancing conditions, and interest expense, and may restrict the company’s ability to fund expansion or absorb operating setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The approximately 88% TTM revenue increase indicates strong recent expansion in the company’s sales base and operating scale. If sustained, this growth can improve plant utilization, strengthen customer reach, and provide greater operating leverage across its beef processing and export platform.
Read all positive factors
Minerva SA (MRVSY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$490.32M
Dividend Yield7.45%
Average Volume (3M)69.00
Price to Earnings (P/E)5.8
Beta (1Y)0.17
Revenue Growth39.84%
EPS GrowthN/A
CountryUS
Employees40,000
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)1.85
Shares Outstanding250,135,540
10 Day Avg. Volume0
30 Day Avg. Volume69
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)4.18
Price to Sales (P/S)0.10
P/FCF Ratio1.56
Enterprise Value/Market Cap7.65
Enterprise Value/Revenue0.06
Enterprise Value/Gross Profit0.40
Enterprise Value/Ebitda0.66
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Minerva SA Business Overview & Revenue Model
Company Description
Minerva S.A. is a prominent South American enterprise specializing in the production and distribution of fresh beef, livestock, and their derivatives. Its comprehensive operations encompass the slaughtering, deboning, and processing of both bovine...
How the Company Makes Money
Minerva makes money primarily by selling beef and beef-related products produced in its slaughtering and processing facilities. The core revenue model is based on: (1) procurement of live cattle (its main input), (2) conversion into marketable pro...
Minerva SA Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Positive
Minerva Foods reported strong financial and operational performance in Q3 2025, with record revenue, EBITDA, and free cash flow generation. The successful integration of new assets and reduction in net leverage further strengthened the company's position. However, challenges such as increased cattle prices and potential risks in the Chinese market were noted. Overall, the company's strategic initiatives and geographic diversification have positioned it well to navigate these challenges.Positive Updates
Record-Breaking Revenue and EBITDA
Minerva Foods achieved a record gross revenue of BRL 16.3 billion and a record EBITDA of BRL 1.4 billion with an EBITDA margin of 8.9% for Q3 2025. Annual gross revenue also reached a record high of approximately BRL 54.4 billion with EBITDA totaling BRL 4.6 billion.
Negative Updates
Impact of Cattle Price Increases on Gross Margin
The gross margin was impacted negatively due to a 25% increase in cattle prices compared to the previous quarter, although this was partially offset by scale gains and cost dilution.
Read all updates
Q3-2025 Updates
Positive
Negative
Record-Breaking Revenue and EBITDA
Minerva Foods achieved a record gross revenue of BRL 16.3 billion and a record EBITDA of BRL 1.4 billion with an EBITDA margin of 8.9% for Q3 2025. Annual gross revenue also reached a record high of approximately BRL 54.4 billion with EBITDA totaling BRL 4.6 billion.
Read all positive updates
Company Guidance
In the third quarter of 2025, Minerva Foods reported record financial performance, achieving gross revenue of BRL 16.3 billion and an EBITDA of BRL 1.4 billion, with an EBITDA margin of 8.9%. Over the last 12 months, the company posted gross revenue of approximately BRL 54.4 billion and EBITDA totaled BRL 4.7 billion. Exports were a significant driver, contributing 61% of consolidated gross revenue for the quarter. The company also reported a net income of BRL 120 million for Q3, bringing the year-to-date total to BRL 763 million. Net leverage improved, reaching 2.5x net debt over EBITDA, supported by a robust cash position of BRL 14.9 billion. Additionally, Minerva successfully completed the integration of newly acquired assets ahead of schedule, contributing BRL 3.9 billion in Q3 gross revenue. The company highlighted strategic advancements, including a BRL 2 billion debenture issuance and continued progress in sustainability initiatives.Minerva SA Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
28
Negative
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.76B | 53.75B | 34.07B | 26.89B | 30.98B | 26.97B |
| Gross Profit | 9.45B | 8.96B | 7.00B | 5.51B | 5.74B | 4.65B |
| EBITDA | 5.69B | 4.65B | 2.20B | 2.48B | 2.02B | 1.95B |
| Net Income | 464.34M | 794.57M | -1.56B | 421.05M | 652.53M | 598.88M |
Balance Sheet | ||||||
| Total Assets | 46.66B | 45.85B | 42.14B | 28.59B | 21.40B | 20.07B |
| Cash, Cash Equivalents and Short-Term Investments | 14.91B | 15.02B | 14.46B | 12.68B | 7.07B | 7.30B |
| Total Debt | 29.34B | 27.81B | 30.12B | 21.58B | 13.80B | 13.44B |
| Total Liabilities | 44.49B | 43.96B | 42.05B | 27.93B | 20.34B | 19.42B |
| Stockholders Equity | 1.58B | 1.31B | -478.64M | 174.38M | 506.83M | 654.13M |
Cash Flow | ||||||
| Free Cash Flow | 2.83B | 3.51B | 5.81B | 1.98B | 2.32B | 2.09B |
| Operating Cash Flow | 3.98B | 4.61B | 6.56B | 2.70B | 3.13B | 2.59B |
| Investing Cash Flow | -1.25B | -1.16B | -6.47B | -2.48B | -1.66B | -568.52M |
| Financing Cash Flow | -97.97M | -2.54B | 799.69M | 5.35B | -1.45B | -1.97B |
Minerva SA Technical Analysis
Negative
2.98
Price Trends
3.12
Negative
2.95
Negative
3.27
Negative
Market Momentum
-0.21
Positive
22.31
Positive
-0.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MRVSY, the sentiment is Negative. The current price of 2.98 is below the 20-day moving average (MA) of 3.18, below the 50-day MA of 3.12, and below the 200-day MA of 3.27, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 22.31 is Positive, neither overbought nor oversold. The STOCH value of -0.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MRVSY.
Minerva SA Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $7.31B | 8.10 | 12.99% | 6.40% | -1.57% | 3.81% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $11.50B | 33.17 | 4.33% | 5.60% | 0.73% | -54.64% | |
58 Neutral | $13.03B | 17.44 | 17.67% | 8.22% | 334.15% | -18.31% | |
56 Neutral | $490.32M | 5.81 | 33.71% | 7.45% | 39.84% | ― | |
51 Neutral | $6.57B | 20.45 | 8.53% | 17.80% | -0.17% | -74.01% | |
47 Neutral | $6.73B | -3.54 | -26.28% | 8.69% | -1.80% | -323.82% |
* Consumer Defensive Sector Average
MRVSY
Minerva SA
1.97
-3.16
-61.57%
CAG
Conagra Brands
14.09
-2.17
-13.33%
HRL
Hormel Foods
20.90
0.45
2.18%
PPC
Pilgrim's Pride
27.61
-10.49
-27.53%
JBS
JBS
12.16
-0.07
-0.57%
SFD
Smithfield Foods
18.55
-2.56
-12.11%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.