B3 · BRL

BEEF3

Minerva S.A.

R$3.90-0.51% (-R$0.02)
Day's range
R$3.91 – R$4.06
Day's volume
R$70.7M
52-week range
R$2.97 – R$7.58

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BEEF3 in numbers

Market cap
R$3.9B
P/E
8.51
P/B
2.47
Dividend yield (12m)
5.02%
Net debt/EBITDA
4.55

The 12-month dividend yield of BEEF3 is 5.02%, below its 5-year average of 5.04%.

BEEF3 price history

10/01/202510/01/2026
Compare with

BEEF3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-37.82%-48.12%-54.78%
Volatility (annualized)31.42%41.43%42.09%
Largest drawdown-47.18%-53.12%-74.15%
Positive months5/1214/3625/60

How much did investing in BEEF3 return?

R$1,000.00 invested on 10/01/2021 would be worth R$467.21 today.

Value today in BEEF3
R$467.21
Return over the period
-53.28%
Return per year
-14.12%
In the Ibovespa
R$1,801.83

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

BEEF3 fundamentals

Valuation

  • P/E
    8.51
  • P/B
    2.47
  • EV/EBITDA
    5.35
  • EV/EBIT
    6.75
  • EV/Revenue
    0.46
  • P/EBIT
    1.01
  • P/S
    0.07
  • P/OCF
    1.00
  • P/FCF
    1.44
  • Earnings yield
    14.82%
  • PEG ratio
    0.06
  • Earnings per share
    R$0.46
  • Book value per share
    R$1.58

Debt

  • Net debt
    R$22.3B
  • Net debt/EBITDA
    4.55
  • Net debt/Equity
    10.22
  • Debt/Equity
    17.07
  • Current ratio
    1.43
  • Quick ratio
    1.20
  • Cash ratio
    0.73

Efficiency

  • Gross margin
    16.83%
  • EBITDA margin
    8.57%
  • Operating margin
    6.80%
  • Net margin
    0.85%
  • Asset turnover
    1.22

Profitability

  • ROE
    29.04%
  • ROA
    1.05%
  • ROIC
    15.88%
  • Payout
    42.69%

Growth

  • Revenue CAGR (5 years)
    20.07%
  • Earnings CAGR (5 years)
    -3.52%
  • Revenue growth (year)
    60.94%
  • Earnings growth (year)
    152.00%
  • Revenue growth (quarter)
    29.10%
  • Earnings growth (quarter)
    154.14%

What is BEEF3's fair price?

Two classic value formulas, with today's numbers. The current price is R$3.90.

Graham's fair price
R$4.03
3.45% above the price

√(22.50 × R$0.46 × R$1.58)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$7.99
104.99% above the price

R$0.48 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

BEEF3's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E7.11-1.9810.7712.0610.708.03380.39-1.46
P/B3.0435.446.887.419.796.66-21.82-6.14
EV/EBITDA5.297.626.956.496.486.017.769.23
Dividend yield2.86%0.00%7.37%4.33%10.63%2.53%0.00%0.00%
Earnings per shareR$0.81-R$2.57R$0.69R$1.07R$0.99R$1.27R$0.03-R$3.36
Book value per shareR$1.89R$0.14R$1.09R$1.75R$1.08R$1.53-R$0.58-R$0.80
ROE42.81%-1,787.17%63.84%61.42%91.55%82.98%-5.74%420.03%
ROIC17.79%11.78%14.72%20.86%21.03%20.73%0.00%7.70%
Gross margin17.35%20.56%20.50%18.52%17.23%19.76%19.23%17.57%
EBITDA margin8.80%9.09%9.53%9.16%8.83%10.83%10.08%5.53%
Net margin1.48%-4.58%1.57%2.11%2.22%3.59%0.09%-7.80%
Net debt/EBITDA4.096.635.183.723.793.354.207.17

BEEF3's financial statements

Line202520242023202220212020
Net revenueR$54.8BR$34.1BR$26.9BR$31BR$27BR$19.4B
Cost of revenue-R$45.3B-R$27.1B-R$21.4B-R$25.2B-R$22.3B-R$15.6B
Gross profitR$9.5BR$7BR$5.5BR$5.7BR$4.6BR$3.8B
EBITDAR$4.8BR$3.1BR$2.6BR$2.8BR$2.4BR$2.1B
EBITR$3.8BR$2.4BR$2.1BR$2.4BR$2BR$1.8B
Financial result-R$3.2B-R$3.9B-R$1.7B-R$2B-R$1.4B-R$1B
Income before taxR$698.3M-R$1.5BR$341.2MR$388.1MR$585.6MR$766M
Income taxR$150M-R$58.8MR$54.4MR$267MR$13.3M-R$68.9M
Net incomeR$810.5M-R$1.6BR$421.1MR$652.5MR$598.9MR$697.1M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

BEEF3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
BEEF3Minerva8.512.475.02%29.04%R$3.9B
RIAA3RIAA32.350.6745.40%28.35%R$3.6B
PFRM3PROFARMA DISTRIB PROD FARMACEUTICOS S.A.5.940.648.70%10.71%R$917.5M
WLMM4WLM PART. E COMÉRCIO DE MÁQUINAS E VEÍCULOS S.A.7.370.7112.38%9.63%R$590.4M
WLMM3WLM PART. E COMÉRCIO DE MÁQUINAS E VEÍCULOS S.A.7.740.7510.71%9.63%R$590.4M
DMVF3D1000 VAREJO FARMA PARTICIPAÇÕES S.A.14.080.330.00%2.35%R$306.1M

Does BEEF3 pay dividends?

Dividend yield per year

  • 2.52%2017
  • 0.00%2018
  • 0.00%2019
  • 2.53%2020
  • 10.63%2021
  • 4.33%2022
  • 7.37%2023
  • 0.00%2024
  • 2.86%2025
  • 0.79%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend04/28/202605/13/2026R$0.03
Dividend12/15/202512/29/2025R$0.16
Dividend08/14/202308/23/2023R$0.19
Dividend04/18/202305/02/2023R$0.36
Dividend08/17/202208/29/2022R$0.22
Dividend04/27/202205/09/2022R$0.34
Dividend11/10/202111/25/2021R$0.35
Dividend04/12/202104/20/2021R$0.73
Interest on equity12/30/202001/11/2021R$0.04
Dividend11/06/202011/13/2020R$0.26
Dividend04/03/201704/17/2017R$0.26
Dividend03/06/201203/15/2012R$0.11
See all 15 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity03/06/201203/15/2012R$0.20
Dividend03/03/201104/04/2011R$0.06
Dividend04/30/200805/15/2008R$0.12
Splits, reverse splits and bonus shares
EventLast day to ownRatio
Bonus shares10/22/20092.00% in shares

About Minerva

Sector
Consumo Não Cíclico
Segment
Carnes e Derivados
Listing segment
Novo Mercado
Tag along
100.00%
Free float
44.49%
Shares issued
1B common
Average daily trading
R$59.9M
Ibovespa weight
0.07%
Listed since
07/20/2007
CNPJ
67.620.377/0001-14

A Minerva S.A. é uma companhia brasileira de alimentos com foco em carne bovina in natura, processados e subprodutos, com plataforma produtiva distribuída no Brasil e em outros países da América do Sul. A empresa tem perfil exportador relevante e atende mercados da Ásia, Oriente Médio e demais destinos internacionais. No segmento de carnes e derivados, a companhia opera plantas de abate e desossa, além de ativos de industrialização e distribuição voltados a canais de varejo e food service. O desempenho operacional acompanha variáveis como ciclo pecuário, disponibilidade de gado e spread entre custos e preços de venda. Na B3, a empresa negocia sob o ticker BEEF3. A organização foi fundada em 1924 e reporta quadro superior a 21 mil colaboradores.

Investor website
ShareholdersAs of 12/31/2026, from the Formulário de Referência filed with the CVM.
ShareholderCommonPreferredTotal
VDQ HOLDING S.A.Controlling28.89%0.00%28.89%
SALIC INTERNATIONAL INVESTMENT COMPANY24.34%0.00%24.34%
Outros45.88%0.00%45.88%
Ações Tesouraria0.88%0.00%0.88%

Questions about BEEF3

How much is BEEF3 today?

BEEF3 is at R$3.90 (-0.51% on the day), last traded on 10/01/2026.

How much did BEEF3 pay in dividends in 2025?

BEEF3 paid R$0.16 per share in 2025, a dividend yield of 2.86%.

What are the P/E and P/B of BEEF3?

BEEF3 trades at a P/E of 8.51 and a P/B of 2.47.

How much did BEEF3 return in 12 months?

BEEF3 returned -37.82% in 12 months, with annualized volatility of 31.42% and a largest drawdown of -47.18%.

What sector is BEEF3 in?

Minerva is in the Consumo Não Cíclico sector, Carnes e Derivados segment.