Minerva (OTC: MRVSY)

$2.63+0.38%today

Brazilian ADR trading on the OTC, priced in US dollars.

Display currency

Market Cap, EPS and the financial totals below — switch between US dollars and BRL.

Market Cap: $608.39M
P/E (TTM): 8.8x
P/B: 10.2x
EPS (TTM): $0.30
Dividend Yield: 5.38%
52-Week Range: $2.52 – $5.39
Volume: 1K
Previous Close: $2.62

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

+0.38%

1 Week

-5.05%

1 Month

-10.85%

YTD

-35.22%

1 Year

-30.42%

5 Years

-56.17%

About Minerva

US Ticker: MRVSY
B3 Ticker: BEEF3
Exchange: OTC
Currency: USD
Sector: Consumer Defensive
Industry: Packaged Foods
Headquarters: Barretos, SP, Brazil
Employees: 40,000
CEO: Mr. Fernando Galletti de Queiroz
Founded: 1957

Minerva S.A. produces and sells fresh beef, livestock, and by-products in South America and internationally.

The company is also involved in slaughtering, deboning, and meat processing; selling chilled, frozen, and processed meat, as well as beef, pork, and poultry products; exporting and selling live cattle; and breeding and selling live cattle, lambs, pigs, and other live animals.

In addition, it trades in electricity; trades in proteins and food products; sells third parties' brands primarily Swift products; and prepares products for animals, which include meat/bone meal, blood, and tallow.

Minerva S.A. was founded in 1957 and is headquartered in Barretos, Brazil.

ri.minervafoods.com

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from Minerva's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Stretched

Net Margin: 1.4%
ROE: 59.5%
Rev Growth (YoY): -3.84%
Net Debt / EBITDA: 2.81×
Current Ratio: 1.32×
Interest Coverage: 1.23×
Free Cash Flow: -106.2M
Payout Ratio: —

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022
Revenue	$10,153,906,948	+1.4%	$10,012,430,518	+81.6%	$5,514,635,394	-0.5%	$5,544,433,013	-5.4%	$5,861,894,751
Gross profit	$1,781,692,343	+2.6%	$1,737,118,805	+53.2%	$1,133,599,281	-0.3%	$1,136,767,350	+4.7%	$1,085,686,145
Operating income	$685,904,907	-2.4%	$703,110,186	+76.5%	$398,437,009	-5.7%	$422,703,806	-7.8%	$458,546,531
EBITDA	$944,620,436	+6.4%	$887,611,848	+149.1%	$356,334,191	-30.4%	$512,306,709	+33.8%	$383,000,038
Net profit	$144,436,913	-2.4%	$148,001,899	+158.7%	-$252,304,505	-390.6%	$86,811,678	-29.7%	$123,478,220
Gross margin	17.5%	+0.2 p.p.	17.3%	-3.2 p.p.	20.6%	+0.1 p.p.	20.5%	+2.0 p.p.	18.5%
Operating margin	6.8%	-0.3 p.p.	7.0%	-0.2 p.p.	7.2%	-0.4 p.p.	7.6%	-0.2 p.p.	7.8%
EBITDA margin	9.3%	+0.4 p.p.	8.9%	+2.4 p.p.	6.5%	-2.8 p.p.	9.2%	+2.7 p.p.	6.5%
Net margin	1.4%	-0.1 p.p.	1.5%	+6.1 p.p.	-4.6%	-6.1 p.p.	1.6%	-0.5 p.p.	2.1%
Revenue growth (YoY)	-3.8%	-64.8 p.p.	60.9%	+34.2 p.p.	26.7%	+39.9 p.p.	-13.2%	—	—
Effective tax rate	-11.1%	+10.4 p.p.	-21.5%	-17.6 p.p.	-3.9%	+12.0 p.p.	-15.9%	+52.8 p.p.	-68.8%
Interest coverage	1.23×	+1.0%	1.22×	+141.6%	0.50×	-58.3%	1.21×	-8.2%	1.32×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022
Net debt	$2,654,009,783	+13.6%	$2,336,330,850	-7.8%	$2,534,374,949	+38.0%	$1,836,267,577	+44.1%	$1,274,150,551
Net Debt / Equity	10.93×	+12.0%	9.76×	+129.9%	-32.71×	-164.0%	51.07×	+284.4%	13.29×
Net Debt / EBITDA	2.81×	+6.7%	2.63×	-63.0%	7.11×	+98.4%	3.58×	+7.7%	3.33×
Debt / Equity	19.57×	-7.9%	21.24×	+133.8%	-62.92×	-150.8%	123.78×	+354.4%	27.24×
Current ratio	1.32×	-1.8%	1.34×	-9.0%	1.48×	-20.7%	1.86×	+16.5%	1.60×
Return on equity (ROE)	59.5%	-2.4 p.p.	61.9%	-263.8 p.p.	325.7%	+84.2 p.p.	241.5%	+112.7 p.p.	128.7%
Return on assets (ROA)	1.8%	+0.0 p.p.	1.8%	+5.5 p.p.	-3.7%	-5.2 p.p.	1.5%	-1.6 p.p.	3.0%
Book value / share	$0.25	+1.2%	$0.24	+308.2%	$-0.12	-314.9%	$0.05	-62.6%	$0.15

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

This year (YTD) $0.03/share · yield 0.95%

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

Minerva trades on 2 exchanges. Prices on this page are the OTC ADR (MRVSY).

Exchange	Ticker	Currency
OTCpriced here	MRVSY	USD
B3 (São Paulo)	BEEF3	BRL

Frequently Asked Questions

Why hold Minerva MRVSY ADR instead of local B3 BEEF3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is Minerva listed?

Minerva trades on 2 exchanges. The line quoted on this page is OTC in the United States (MRVSY, US dollars). It also trades on B3 (São Paulo) in Brazil (BEEF3, Brazilian reais).

On how many exchanges does Minerva trade?

2. OTC — MRVSY (USD) · B3 (São Paulo) — BEEF3 (BRL). Prices shown on this page are the OTC line, MRVSY.

What is Minerva's primary listing?

Minerva's primary listing is on the B3 in Brazil, where the shares trade as BEEF3 in reais — the company's home market. The OTC line quoted on this page is an ADR over those same shares: it gives you the asset in US dollars, on US market hours, without opening a Brazilian brokerage account or trading in reais.

What is the difference between MRVSY and BEEF3?

They are the same company and, economically, the same asset. BEEF3 is the original Brazilian share, listed on the B3 and quoted in reais. MRVSY is an American Depositary Receipt over that share, listed on the OTC and quoted in US dollars — a wrapper whose purpose is to give foreign investors access to the Brazilian asset without opening an account in Brazil. The MRVSY price therefore tracks two things: BEEF3 in reais, and the USD/BRL exchange rate.

How can I buy Minerva stock in the United States?

Minerva is listed on the OTC under MRVSY, priced in US dollars. Any US brokerage offering over-the-counter securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 15, 2026

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