<p>为了证明选择个股的努力是值得的，努力超越市场指数基金的回报是有意义的。但选股的风险在于你可能会购买表现不佳的公司。我们遗憾地报告，长期持有 <strong>Minerva S.A.</strong> (BVMF:BEEF3) 的股东经历了这样的情况，股价在三年内下跌了 55%，而市场回报约为 58%。此外，股价在大约一个季度内下跌了 14%。这对持有者来说并不愉快。</p>
<p>虽然过去三年对 Minerva 的股东来说很艰难，但过去一周却显示出了一些希望。因此，让我们看看长期的基本面，看看它们是否是负回报的驱动因素。</p>
<p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
<p>不可否认，市场有时是有效的，但价格并不总是反映基础业务的表现。通过比较每股收益（EPS）和股价随时间的变化，我们可以感受到投资者对公司的态度是如何随着时间而变化的。</p>
<p>在过去三年中，Minerva 的股价下降，而其 EPS 也随之下降，最终出现亏损。由于公司已经陷入亏损状态，因此很难将 EPS 的变化与股价变化进行比较。然而，我们可以说，在这种情况下，我们预计会看到股价下跌。</p>
<p>您可以在下面看到 EPS 随时间的变化（通过点击图片发现确切的数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/36313803-earnings-per-share-growth-1-dark-2/1769763942883?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/36313803-earnings-per-share-growth-1-dark-2/1769763942883"/></p>
<p>BOVESPA:BEEF3 每股收益增长 2026 年 1 月 30 日</p>
<p>在买入或卖出股票之前，我们始终建议仔细检查历史增长趋势，相关信息可在此处获得。</p>
<h2>股息情况如何？</h2>
<p>除了衡量股价回报外，投资者还应考虑总股东回报（TSR）。TSR 包括任何分拆或折扣融资的价值，以及任何股息，假设股息被再投资。可以说，TSR 提供了股票产生回报的更全面的图景。实际上，Minerva 过去三年的 TSR 为-45%，超过了之前提到的股价回报。因此，公司支付的股息提升了_总_股东回报。</p>
<h2>不同的视角</h2>
<p>我们高兴地报告，Minerva 的股东在一年内获得了 45% 的总股东回报。当然，这包括股息。这确实超过了过去五年每年约 1.2% 的损失。这让我们有些谨慎，但业务可能已经扭转了局面。虽然考虑市场条件对股价的不同影响是非常值得的，但还有其他因素更为重要。尽管如此，请注意，Minerva 在我们的投资分析中显示出 <strong>两个警告信号</strong>，其中一个令人有些担忧...</p>
<p>当然，<strong>Minerva 可能不是最佳的投资股票</strong>。因此，您可能希望查看这份 <strong>免费的</strong> 成长型股票集合。</p>
<p><em>请注意，本文中引用的市场回报反映了当前在巴西交易所交易的股票的市场加权平均回报。</em></p>

BRAZ

<p>Minerva S.A. (BVMF:BEEF3) 的股东在过去三年中面临了 55% 的股价下跌，而市场回报率为 58%。尽管最近一周表现积极，但该公司的长期表现仍令人担忧，三年的总股东回报率（TSR）为-45%。然而，过去一年的 TSR 为 45%，得益于分红。投资者应保持谨慎，因为在投资分析中，Minerva 显示出两个警示信号，表明潜在风险</p>

<p>In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But the risk of stock picking is that you will likely buy under-performing companies. We regret to report that long term <strong>Minerva S.A.</strong> (BVMF:BEEF3) shareholders have had that experience, with the share price dropping 55% in three years, versus a market return of about 58%. Furthermore, it's down 14% in about a quarter. That's not much fun for holders.</p>
<div class="lb-trans"><p>为了证明选择个股的努力是值得的，努力超越市场指数基金的回报是有意义的。但选股的风险在于你可能会购买表现不佳的公司。我们遗憾地报告，长期持有 <strong>Minerva S.A.</strong> (BVMF:BEEF3) 的股东经历了这样的情况，股价在三年内下跌了 55%，而市场回报约为 58%。此外，股价在大约一个季度内下跌了 14%。这对持有者来说并不愉快。</p>
</div><p>While the last three years has been tough for Minerva shareholders, this past week has shown signs of promise. So let's look at the longer term fundamentals and see if they've been the driver of the negative returns.</p>
<div class="lb-trans"><p>虽然过去三年对 Minerva 的股东来说很艰难，但过去一周却显示出了一些希望。因此，让我们看看长期的基本面，看看它们是否是负回报的驱动因素。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要&#34;释放&#34;美国的石油和天然气，这 15 只美国股票的发展将受益。</p>
</div><p>There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.</p>
<div class="lb-trans"><p>不可否认，市场有时是有效的，但价格并不总是反映基础业务的表现。通过比较每股收益（EPS）和股价随时间的变化，我们可以感受到投资者对公司的态度是如何随着时间而变化的。</p>
</div><p>Minerva saw its share price decline over the three years in which its EPS also dropped, falling to a loss. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. However, we can say we'd expect to see a falling share price in this scenario.</p>
<div class="lb-trans"><p>在过去三年中，Minerva 的股价下降，而其 EPS 也随之下降，最终出现亏损。由于公司已经陷入亏损状态，因此很难将 EPS 的变化与股价变化进行比较。然而，我们可以说，在这种情况下，我们预计会看到股价下跌。</p>
</div><p>You can see below how EPS has changed over time (discover the exact values by clicking on the image).</p>
<div class="lb-trans"><p>您可以在下面看到 EPS 随时间的变化（通过点击图片发现确切的数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/36313803-earnings-per-share-growth-1-dark-2/1769763942883" alt="" original-src="https://images.simplywall.st/asset/chart/36313803-earnings-per-share-growth-1-dark-2/1769763942883"/></p>
<p>BOVESPA:BEEF3 Earnings Per Share Growth January 30th 2026</p>
<div class="lb-trans"><p>BOVESPA:BEEF3 每股收益增长 2026 年 1 月 30 日</p>
</div><p>Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.</p>
<div class="lb-trans"><p>在买入或卖出股票之前，我们始终建议仔细检查历史增长趋势，相关信息可在此处获得。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Minerva's TSR for the last 3 years was -45%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the <em>total</em> shareholder return.</p>
<div class="lb-trans"><p>除了衡量股价回报外，投资者还应考虑总股东回报（TSR）。TSR 包括任何分拆或折扣融资的价值，以及任何股息，假设股息被再投资。可以说，TSR 提供了股票产生回报的更全面的图景。实际上，Minerva 过去三年的 TSR 为-45%，超过了之前提到的股价回报。因此，公司支付的股息提升了_总_股东回报。</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>We're pleased to report that Minerva shareholders have received a total shareholder return of 45% over one year. Of course, that includes the dividend. That certainly beats the loss of about 1.2% per year over the last half decade. This makes us a little wary, but the business might have turned around its fortunes. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Even so, be aware that Minerva is showing <strong>2 warning signs in our investment analysis</strong> , and 1 of those is a bit concerning...</p>
<div class="lb-trans"><p>我们高兴地报告，Minerva 的股东在一年内获得了 45% 的总股东回报。当然，这包括股息。这确实超过了过去五年每年约 1.2% 的损失。这让我们有些谨慎，但业务可能已经扭转了局面。虽然考虑市场条件对股价的不同影响是非常值得的，但还有其他因素更为重要。尽管如此，请注意，Minerva 在我们的投资分析中显示出 <strong>两个警告信号</strong>，其中一个令人有些担忧...</p>
</div><p>Of course <strong>Minerva may not be the best stock to buy</strong>. So you may wish to see this <strong>free</strong> collection of growth stocks.</p>
<div class="lb-trans"><p>当然，<strong>Minerva 可能不是最佳的投资股票</strong>。因此，您可能希望查看这份 <strong>免费的</strong> 成长型股票集合。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Brazilian exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了当前在巴西交易所交易的股票的市场加权平均回报。</em></p>
</div>

Minerva（BVMF:BEEF3）股东经历了强劲的一周，但这并未减轻他们三年来的损失之痛