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BEEF11 · B3 · Brazil · Alimentos
In shortMinerva S/A is profitable, generates cash and carries heavy debt, with revenue growing (+60.9% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 7.0% | 40/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.5% | 26/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 194.9% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 10.4% | 69/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.34× | 45/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 21.21× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.64× | 39/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.81× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.68 | 15/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 6.5% | 46/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 4.40× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 27.6% | 9/100 |
| Operating margin volatility | 0.3% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 21.0% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | -9.7% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
BRL millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 26,965 | 30,978 | 26,892 | 34,069 | 54,830 |
| Cost of revenue | 22,320 | 25,240 | 21,378 | 27,066 | 45,317 |
| Gross profit | 4,645 | 5,737 | 5,514 | 7,003 | 9,513 |
| Selling, general & admin | 2,624 | 3,360 | 3,484 | 4,637 | 5,763 |
| Operating income | 2,035 | 2,423 | 2,050 | 2,428 | 3,848 |
| Interest expense | 1,525 | 2,222 | 2,096 | 4,902 | 4,776 |
| Pre-tax income | 586 | 388 | 341 | (1,505) | 698 |
| Income tax | 13 | 267 | 54 | 59 | 150 |
| Net income | 599 | 653 | 421 | (1,559) | 810 |
| Diluted EPS | BRL1.03 | BRL1.12 | BRL0.72 | −BRL2.65 | BRL0.82 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
1.68 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: CVM (dados.cvm.gov.br). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 18, 2026