Minerva Future Growth

Future criteria checks 5/6

Minerva is forecast to grow earnings and revenue by 51.9% and 8.6% per annum respectively. EPS is expected to grow by 61.6% per annum. Return on equity is forecast to be 42.1% in 3 years.

Key information

51.9%

Earnings growth rate

61.61%

EPS growth rate

Food earnings growth	10.2%
Revenue growth rate	8.6%
Future return on equity	42.05%
Analyst coverage	Good
Last updated	29 Oct 2025

Recent future growth updates

Minerva S.A. Just Missed Earnings - But Analysts Have Updated Their Models

Nov 10

Minerva S.A. Just Missed EPS By 35%: Here's What Analysts Think Will Happen Next

Aug 11

Recent updates

Minerva S.A. (BVMF:BEEF3) Stock Rockets 28% But Many Are Still Ignoring The Company

Sep 11

Minerva (BVMF:BEEF3) Has A Somewhat Strained Balance Sheet

Apr 21

A Piece Of The Puzzle Missing From Minerva S.A.'s (BVMF:BEEF3) 25% Share Price Climb

Mar 15

Acquisition Of Marfrig's Assets Will Increase Production Capacity By 35%

Feb 12 Increased production capacity and geographic diversification enhance revenue stability and growth amid rising global protein demand.

Minerva S.A. Just Missed Earnings - But Analysts Have Updated Their Models

Nov 10

A Piece Of The Puzzle Missing From Minerva S.A.'s (BVMF:BEEF3) 26% Share Price Climb

Aug 28

We Think You Can Look Beyond Minerva's (BVMF:BEEF3) Lackluster Earnings

Aug 14

Minerva S.A. Just Missed EPS By 35%: Here's What Analysts Think Will Happen Next

Aug 11

Earnings and Revenue Growth Forecasts

BOVESPA:BEEF3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	58,253	1,099	2,933	2,729	11
12/31/2026	57,052	915	3,125	2,421	12
12/31/2025	54,393	1,077	3,048	1,705	12
6/30/2025	44,330	-847	3,969	4,803	N/A
3/31/2025	38,078	-1,201	4,457	5,249	N/A
12/31/2024	34,069	-1,559	5,814	6,556	N/A
9/30/2024	29,521	1	4,236	4,950	N/A
6/30/2024	28,087	71	3,473	4,249	N/A
3/31/2024	27,697	100	3,297	4,061	N/A
12/31/2023	26,892	421	1,983	2,697	N/A
9/30/2023	27,565	365	2,067	2,838	N/A
6/30/2023	28,935	351	1,984	2,759	N/A
3/31/2023	30,130	658	1,519	2,286	N/A
12/31/2022	30,978	653	2,321	3,135	N/A
9/30/2022	31,645	831	1,928	2,705	N/A
6/30/2022	30,575	762	1,265	2,007	N/A
3/31/2022	28,391	454	1,752	2,385	N/A
12/31/2021	26,965	599	2,090	2,595	N/A
9/30/2021	25,162	563	1,415	1,786	N/A
6/30/2021	22,931	549	2,005	2,329	N/A
3/31/2021	21,043	685	2,252	2,556	N/A
12/31/2020	19,406	697	2,869	3,224	N/A
9/30/2020	18,563	827	3,285	3,625	N/A
6/30/2020	17,937	686	3,355	3,625	N/A
3/31/2020	17,562	319	2,922	3,237	N/A
12/31/2019	17,123	16	1,511	1,758	N/A
9/30/2019	16,873	-320	1,630	1,857	N/A
6/30/2019	16,700	-369	1,097	1,308	N/A
3/31/2019	16,411	-1,181	N/A	1,382	N/A
12/31/2018	16,215	-1,265	N/A	1,330	N/A
9/30/2018	15,570	-1,486	N/A	877	N/A
6/30/2018	14,650	-1,268	N/A	1,048	N/A
3/31/2018	13,493	-398	N/A	621	N/A
12/31/2017	12,104	-281	N/A	550	N/A
9/30/2017	10,695	45	N/A	1,041	N/A
6/30/2017	9,811	6	N/A	311	N/A
3/31/2017	9,453	151	N/A	494	N/A
12/31/2016	9,649	195	N/A	582	N/A
9/30/2016	9,846	249	N/A	426	N/A
6/30/2016	9,700	-245	N/A	994	N/A
3/31/2016	9,706	-167	N/A	722	N/A
12/31/2015	9,525	-801	N/A	959	N/A
9/30/2015	8,898	-1,179	N/A	971	N/A
6/30/2015	8,316	-926	N/A	718	N/A
3/31/2015	7,745	-1,074	N/A	940	N/A
12/31/2014	6,987	-418	N/A	319	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEEF3 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (11.5%).

Earnings vs Market: BEEF3 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BEEF3 is expected to become profitable in the next 3 years.

Revenue vs Market: BEEF3's revenue (8.6% per year) is forecast to grow faster than the BR market (6.9% per year).

High Growth Revenue: BEEF3's revenue (8.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: BEEF3's Return on Equity is forecast to be very high in 3 years time (42.1%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/02 19:17
End of Day Share Price	2025/10/31 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Minerva S.A. is covered by 20 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gabriel Vaz de Lima	Barclays
Georgia Jorge	BB Banco de Investimento S.A.
Isabella Simonato	BofA Global Research

Minerva Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 9.3% to R$7.62

Consensus EPS estimates fall from profit to R$0.22 loss

Price target decreased by 7.6% to R$7.61

Minerva S.A. Just Missed Earnings - But Analysts Have Updated Their Models

Consensus EPS estimates increase by 11%

Minerva S.A. Just Missed EPS By 35%: Here's What Analysts Think Will Happen Next

Recent updates

Price target increased by 9.3% to R$7.62

Minerva S.A. (BVMF:BEEF3) Stock Rockets 28% But Many Are Still Ignoring The Company

Second quarter 2025 earnings: EPS and revenues exceed analyst expectations

New major risk - Shareholder dilution

New major risk - Revenue and earnings growth

New minor risk - Negative shareholders equity

First quarter 2025 earnings released: EPS: R$0.27 (vs R$0.34 loss in 1Q 2024)

Minerva S.A. (BOVESPA:BEEF3) acquired 13 new assets of Marfrig Global Foods S.A. from Marfrig Global Foods S.A. (BOVESPA:MRFG3) for approximately BRL 790 million.

Minerva (BVMF:BEEF3) Has A Somewhat Strained Balance Sheet

Minerva S.A., Annual General Meeting, Apr 30, 2025

A Piece Of The Puzzle Missing From Minerva S.A.'s (BVMF:BEEF3) 25% Share Price Climb

Minerva S.A. to Report Q1, 2025 Results on May 07, 2025

Minerva S.A. to Report Q4, 2024 Results on Mar 19, 2025

Acquisition Of Marfrig's Assets Will Increase Production Capacity By 35%

Consensus EPS estimates fall from profit to R$0.22 loss

New minor risk - Share price stability

Price target decreased by 7.6% to R$7.61

Minerva S.A. Just Missed Earnings - But Analysts Have Updated Their Models

Third quarter 2024 earnings: Revenues exceed analyst expectations

Consensus EPS estimates increase by 11%

Minerva S.A. (BOVESPA:BEEF3) completed the acquisition of Certain cattle and sheep slaughter units from Marfrig Global Foods S.A.

A Piece Of The Puzzle Missing From Minerva S.A.'s (BVMF:BEEF3) 26% Share Price Climb

We Think You Can Look Beyond Minerva's (BVMF:BEEF3) Lackluster Earnings

Minerva S.A. Just Missed EPS By 35%: Here's What Analysts Think Will Happen Next

Second quarter 2024 earnings: EPS misses analyst expectations

Price target decreased by 9.1% to R$8.41

New minor risk - Profit margin trend

New minor risk - Profit margin trend

Consensus EPS estimates fall by 21%

Full year 2023 earnings: EPS and revenues miss analyst expectations

Minerva S.A., Annual General Meeting, Apr 29, 2024

Is Minerva S.A. (BVMF:BEEF3) Potentially Undervalued?

Price target decreased by 9.9% to R$11.85

Investors Can Find Comfort In Minerva's (BVMF:BEEF3) Earnings Quality

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 10%, revenue downgraded

Consensus EPS estimates fall by 15%

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates fall by 19%

Is Now An Opportune Moment To Examine Minerva S.A. (BVMF:BEEF3)?

Price target decreased by 8.2% to R$13.70

Minerva S.A. (BOVESPA:BEEF3) agreed to acquire Minerva S.A. (BOVESPA:BEEF3) for BRL 7.5 billion.

Consensus EPS estimates fall by 25%

Minerva's (BVMF:BEEF3) Dividend Will Be Reduced To R$0.1943

New minor risk - Profit margin trend

Second quarter 2023 earnings: Revenues in line with analyst expectations

Minerva S.A. Announces Interim Dividend, Payable on August 23, 2023

Minerva (BVMF:BEEF3) Is Experiencing Growth In Returns On Capital

Minerva (BVMF:BEEF3) Has A Somewhat Strained Balance Sheet

First quarter 2023 earnings: EPS misses analyst expectations

Is Minerva S.A. (BVMF:BEEF3) Potentially Undervalued?

Consensus EPS estimates fall by 11%

Minerva Foods Declares Dividend

Consensus EPS estimates fall by 47%

Full year 2022 earnings released

Teys, Cargill Reportedly on Track to Offload Australian Abattoir Business

Now 21% undervalued after recent price drop

Minerva (BVMF:BEEF3) Has A Pretty Healthy Balance Sheet

Minerva (BVMF:BEEF3) Knows How To Allocate Capital Effectively

Consensus EPS estimates fall by 10%

Minerva S.A. (BOVESPA:BEEF3) entered into a non binding agreement to acquire Breeders & Packers Uruguay S.A from NH Foods Ltd. (TSE:2282).

Minerva Reportedly to Buy Uruguayan Meatpacker from NH Foods

Consensus forecasts updated

Less than half of directors are independent

Minerva Reportedly Hungry for Meat Venture

Third quarter 2022 earnings released

Is Minerva (BVMF:BEEF3) Using Too Much Debt?

Minerva S.A. to Report Q3, 2022 Results on Nov 09, 2022

What Does Minerva S.A.'s (BVMF:BEEF3) Share Price Indicate?