AMBEV SA-ADR (ABEV) Stock Fundamental Analysis

NYSE:ABEV • US02319V1035

3.07 USD
-0.01 (-0.32%)
At close: Feb 20, 2026
3.08 USD
+0.01 (+0.33%)
After Hours: 2/20/2026, 8:15:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to ABEV. ABEV was compared to 33 industry peers in the Beverages industry. ABEV has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ABEV has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year ABEV was profitable.
  • In the past year ABEV had a positive cash flow from operations.
  • ABEV had positive earnings in each of the past 5 years.
  • Each year in the past 5 years ABEV had a positive operating cash flow.
ABEV Yearly Net Income VS EBIT VS OCF VS FCFABEV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

1.2 Ratios

  • The Return On Assets of ABEV (10.69%) is better than 81.82% of its industry peers.
  • ABEV's Return On Equity of 17.63% is fine compared to the rest of the industry. ABEV outperforms 60.61% of its industry peers.
  • The Return On Invested Capital of ABEV (18.06%) is better than 90.91% of its industry peers.
  • ABEV had an Average Return On Invested Capital over the past 3 years of 16.62%. This is significantly above the industry average of 11.46%.
  • The 3 year average ROIC (16.62%) for ABEV is below the current ROIC(18.06%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 10.69%
ROE 17.63%
ROIC 18.06%
ROA(3y)10.17%
ROA(5y)10.02%
ROE(3y)16.88%
ROE(5y)16.72%
ROIC(3y)16.62%
ROIC(5y)15.65%
ABEV Yearly ROA, ROE, ROICABEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • ABEV has a better Profit Margin (17.57%) than 84.85% of its industry peers.
  • In the last couple of years the Profit Margin of ABEV has declined.
  • ABEV has a Operating Margin of 25.70%. This is amongst the best in the industry. ABEV outperforms 81.82% of its industry peers.
  • In the last couple of years the Operating Margin of ABEV has declined.
  • ABEV has a Gross Margin of 51.42%. This is in the better half of the industry: ABEV outperforms 60.61% of its industry peers.
  • In the last couple of years the Gross Margin of ABEV has remained more or less at the same level.
Industry RankSector Rank
OM 25.7%
PM (TTM) 17.57%
GM 51.42%
OM growth 3Y4.73%
OM growth 5Y-1.8%
PM growth 3Y-1.06%
PM growth 5Y-2.06%
GM growth 3Y1.42%
GM growth 5Y-0.84%
ABEV Yearly Profit, Operating, Gross MarginsABEV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ABEV is destroying value.
  • ABEV has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for ABEV has been reduced compared to 5 years ago.
  • Compared to 1 year ago, ABEV has a worse debt to assets ratio.
ABEV Yearly Shares OutstandingABEV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B
ABEV Yearly Total Debt VS Total AssetsABEV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

2.2 Solvency

  • An Altman-Z score of 4.29 indicates that ABEV is not in any danger for bankruptcy at the moment.
  • ABEV has a Altman-Z score of 4.29. This is amongst the best in the industry. ABEV outperforms 81.82% of its industry peers.
  • ABEV has a debt to FCF ratio of 0.17. This is a very positive value and a sign of high solvency as it would only need 0.17 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 0.17, ABEV belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
  • ABEV has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • ABEV's Debt to Equity ratio of 0.03 is amongst the best of the industry. ABEV outperforms 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.17
Altman-Z 4.29
ROIC/WACC0.99
WACC18.25%
ABEV Yearly LT Debt VS Equity VS FCFABEV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.3 Liquidity

  • A Current Ratio of 0.96 indicates that ABEV may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.96, ABEV is doing worse than 66.67% of the companies in the same industry.
  • A Quick Ratio of 0.73 indicates that ABEV may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.73, ABEV is in line with its industry, outperforming 51.52% of the companies in the same industry.
  • The current and quick ratio evaluation for ABEV is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.96
Quick Ratio 0.73
ABEV Yearly Current Assets VS Current LiabilitesABEV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.65% over the past year.
  • The Earnings Per Share has been growing slightly by 4.73% on average over the past years.
  • Looking at the last year, ABEV shows a decrease in Revenue. The Revenue has decreased by -1.35% in the last year.
  • The Revenue has been growing by 8.61% on average over the past years. This is quite good.
EPS 1Y (TTM)1.65%
EPS 3Y-0.57%
EPS 5Y4.73%
EPS Q2Q%-9.68%
Revenue 1Y (TTM)-1.35%
Revenue growth 3Y3.45%
Revenue growth 5Y8.61%
Sales Q2Q%-8.24%

3.2 Future

  • ABEV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.44% yearly.
  • Based on estimates for the next years, ABEV will show a small growth in Revenue. The Revenue will grow by 5.68% on average per year.
EPS Next Y9.81%
EPS Next 2Y9.08%
EPS Next 3Y12.71%
EPS Next 5Y11.44%
Revenue Next Year4.2%
Revenue Next 2Y4.72%
Revenue Next 3Y5%
Revenue Next 5Y5.68%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ABEV Yearly Revenue VS EstimatesABEV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20B 40B 60B 80B 100B
ABEV Yearly EPS VS EstimatesABEV Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.5 1

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6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.06, ABEV is valued on the expensive side.
  • ABEV's Price/Earnings ratio is a bit cheaper when compared to the industry. ABEV is cheaper than 69.70% of the companies in the same industry.
  • ABEV is valuated rather cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • ABEV is valuated correctly with a Price/Forward Earnings ratio of 15.73.
  • Based on the Price/Forward Earnings ratio, ABEV is valued a bit cheaper than 66.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.02, ABEV is valued a bit cheaper.
Industry RankSector Rank
PE 17.06
Fwd PE 15.73
ABEV Price Earnings VS Forward Price EarningsABEV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ABEV indicates a rather cheap valuation: ABEV is cheaper than 87.88% of the companies listed in the same industry.
  • ABEV's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ABEV is cheaper than 87.88% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.59
EV/EBITDA 7.84
ABEV Per share dataABEV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.2 0.4 0.6 0.8 1

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The excellent profitability rating of ABEV may justify a higher PE ratio.
  • A more expensive valuation may be justified as ABEV's earnings are expected to grow with 12.71% in the coming years.
PEG (NY)1.74
PEG (5Y)3.6
EPS Next 2Y9.08%
EPS Next 3Y12.71%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • ABEV has a Yearly Dividend Yield of 4.44%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.75, ABEV pays a better dividend. On top of this ABEV pays more dividend than 93.94% of the companies listed in the same industry.
  • ABEV's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 4.44%

5.2 History

  • The dividend of ABEV is nicely growing with an annual growth rate of 24.56%!
  • ABEV has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)24.56%
Div Incr Years0
Div Non Decr Years0
ABEV Yearly Dividends per shareABEV Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 131.99% of the earnings are spent on dividend by ABEV. This is not a sustainable payout ratio.
  • ABEV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP131.99%
EPS Next 2Y9.08%
EPS Next 3Y12.71%
ABEV Yearly Income VS Free CF VS DividendABEV Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B
ABEV Dividend Payout.ABEV Dividend Payout, showing the Payout Ratio.ABEV Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

AMBEV SA-ADR

NYSE:ABEV (2/20/2026, 8:15:36 PM)

After market: 3.08 +0.01 (+0.33%)

3.07

-0.01 (-0.32%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners8.7%
Inst Owner Change-11.53%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap47.94B
Revenue(TTM)88.24B
Net Income(TTM)15.50B
Analysts51
Price Target2.71 (-11.73%)
Short Float %3.68%
Short Ratio5.46
Dividend
Industry RankSector Rank
Dividend Yield 4.44%
Yearly Dividend0.25
Dividend Growth(5Y)24.56%
DP131.99%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.53%
Min EPS beat(2)1.5%
Max EPS beat(2)13.57%
EPS beat(4)2
Avg EPS beat(4)0.29%
Min EPS beat(4)-9.56%
Max EPS beat(4)13.57%
EPS beat(8)4
Avg EPS beat(8)-0.77%
EPS beat(12)6
Avg EPS beat(12)0.67%
EPS beat(16)10
Avg EPS beat(16)6.31%
Revenue beat(2)0
Avg Revenue beat(2)-3.37%
Min Revenue beat(2)-5.28%
Max Revenue beat(2)-1.46%
Revenue beat(4)0
Avg Revenue beat(4)-4.69%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)-1.46%
Revenue beat(8)2
Avg Revenue beat(8)-3.04%
Revenue beat(12)2
Avg Revenue beat(12)-4.35%
Revenue beat(16)3
Avg Revenue beat(16)-3.72%
PT rev (1m)8.77%
PT rev (3m)4.18%
EPS NQ rev (1m)1.96%
EPS NQ rev (3m)1.8%
EPS NY rev (1m)-0.16%
EPS NY rev (3m)-1.7%
Revenue NQ rev (1m)0.95%
Revenue NQ rev (3m)1.42%
Revenue NY rev (1m)-1.48%
Revenue NY rev (3m)-1.95%
Valuation
Industry RankSector Rank
PE 17.06
Fwd PE 15.73
P/S 2.83
P/FCF 12.59
P/OCF 10.22
P/B 2.84
P/tB 7.08
EV/EBITDA 7.84
EPS(TTM)0.18
EY5.86%
EPS(NY)0.2
Fwd EY6.36%
FCF(TTM)0.24
FCFY7.94%
OCF(TTM)0.3
OCFY9.78%
SpS1.08
BVpS1.08
TBVpS0.43
PEG (NY)1.74
PEG (5Y)3.6
Graham Number2.09
Profitability
Industry RankSector Rank
ROA 10.69%
ROE 17.63%
ROCE 22.79%
ROIC 18.06%
ROICexc 22.7%
ROICexgc 67.59%
OM 25.7%
PM (TTM) 17.57%
GM 51.42%
FCFM 22.51%
ROA(3y)10.17%
ROA(5y)10.02%
ROE(3y)16.88%
ROE(5y)16.72%
ROIC(3y)16.62%
ROIC(5y)15.65%
ROICexc(3y)21.19%
ROICexc(5y)19.57%
ROICexgc(3y)62.89%
ROICexgc(5y)55.71%
ROCE(3y)20.98%
ROCE(5y)19.75%
ROICexgc growth 3Y15.51%
ROICexgc growth 5Y5.63%
ROICexc growth 3Y9.63%
ROICexc growth 5Y4.93%
OM growth 3Y4.73%
OM growth 5Y-1.8%
PM growth 3Y-1.06%
PM growth 5Y-2.06%
GM growth 3Y1.42%
GM growth 5Y-0.84%
F-Score7
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.17
Debt/EBITDA 0.08
Cap/Depr 67.19%
Cap/Sales 5.2%
Interest Coverage 25.57
Cash Conversion 82.86%
Profit Quality 128.1%
Current Ratio 0.96
Quick Ratio 0.73
Altman-Z 4.29
F-Score7
WACC18.25%
ROIC/WACC0.99
Cap/Depr(3y)75.79%
Cap/Depr(5y)95.86%
Cap/Sales(3y)6.01%
Cap/Sales(5y)7.35%
Profit Quality(3y)134.99%
Profit Quality(5y)124.54%
High Growth Momentum
Growth
EPS 1Y (TTM)1.65%
EPS 3Y-0.57%
EPS 5Y4.73%
EPS Q2Q%-9.68%
EPS Next Y9.81%
EPS Next 2Y9.08%
EPS Next 3Y12.71%
EPS Next 5Y11.44%
Revenue 1Y (TTM)-1.35%
Revenue growth 3Y3.45%
Revenue growth 5Y8.61%
Sales Q2Q%-8.24%
Revenue Next Year4.2%
Revenue Next 2Y4.72%
Revenue Next 3Y5%
Revenue Next 5Y5.68%
EBIT growth 1Y3.52%
EBIT growth 3Y8.34%
EBIT growth 5Y6.66%
EBIT Next Year36.17%
EBIT Next 3Y16.61%
EBIT Next 5Y12.56%
FCF growth 1Y-6.98%
FCF growth 3Y12.07%
FCF growth 5Y6.99%
OCF growth 1Y-6.32%
OCF growth 3Y5.81%
OCF growth 5Y5.33%

AMBEV SA-ADR / ABEV FAQ

What is the ChartMill fundamental rating of AMBEV SA-ADR (ABEV) stock?

ChartMill assigns a fundamental rating of 6 / 10 to ABEV.


Can you provide the valuation status for AMBEV SA-ADR?

ChartMill assigns a valuation rating of 6 / 10 to AMBEV SA-ADR (ABEV). This can be considered as Fairly Valued.


What is the profitability of ABEV stock?

AMBEV SA-ADR (ABEV) has a profitability rating of 8 / 10.


What is the financial health of AMBEV SA-ADR (ABEV) stock?

The financial health rating of AMBEV SA-ADR (ABEV) is 7 / 10.


How sustainable is the dividend of AMBEV SA-ADR (ABEV) stock?

The dividend rating of AMBEV SA-ADR (ABEV) is 6 / 10 and the dividend payout ratio is 131.99%.