AMBEV SA-ADR (ABEV) Stock Fundamental Analysis

NYSE:ABEV • US02319V1035

3.12 USD
-0.08 (-2.5%)
Last: Feb 13, 2026, 12:40 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to ABEV. ABEV was compared to 33 industry peers in the Beverages industry. ABEV scores excellent on profitability, but there are some minor concerns on its financial health. ABEV is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • ABEV had positive earnings in the past year.
  • ABEV had a positive operating cash flow in the past year.
  • Of the past 5 years ABEV 4 years were profitable.
  • ABEV had a positive operating cash flow in 4 of the past 5 years.
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 5B 10B 15B 20B 25B

1.2 Ratios

  • ABEV has a Return On Assets of 10.38%. This is amongst the best in the industry. ABEV outperforms 81.82% of its industry peers.
  • ABEV has a Return On Equity (15.95%) which is comparable to the rest of the industry.
  • ABEV's Return On Invested Capital of 19.27% is amongst the best of the industry. ABEV outperforms 93.94% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ABEV is significantly above the industry average of 11.48%.
  • The last Return On Invested Capital (19.27%) for ABEV is above the 3 year average (17.11%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.38%
ROE 15.95%
ROIC 19.27%
ROA(3y)10.1%
ROA(5y)9.71%
ROE(3y)16.88%
ROE(5y)16.28%
ROIC(3y)17.11%
ROIC(5y)16.49%
ABEV Yearly ROA, ROE, ROICABEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • The Profit Margin of ABEV (16.08%) is better than 84.85% of its industry peers.
  • In the last couple of years the Profit Margin of ABEV has declined.
  • Looking at the Operating Margin, with a value of 25.18%, ABEV belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
  • ABEV's Operating Margin has declined in the last couple of years.
  • ABEV's Gross Margin of 51.50% is fine compared to the rest of the industry. ABEV outperforms 60.61% of its industry peers.
  • ABEV's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 25.18%
PM (TTM) 16.08%
GM 51.5%
OM growth 3Y0.69%
OM growth 5Y-5.02%
PM growth 3Y-2.46%
PM growth 5Y-6.55%
GM growth 3Y0.12%
GM growth 5Y-2.55%
ABEV Yearly Profit, Operating, Gross MarginsABEV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • ABEV has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • ABEV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
ABEV Yearly Shares OutstandingABEV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 50B 100B 150B

2.2 Solvency

  • ABEV has an Altman-Z score of 4.93. This indicates that ABEV is financially healthy and has little risk of bankruptcy at the moment.
  • ABEV has a Altman-Z score of 4.93. This is amongst the best in the industry. ABEV outperforms 84.85% of its industry peers.
  • The Debt to FCF ratio of ABEV is 0.15, which is an excellent value as it means it would take ABEV, only 0.15 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.15, ABEV belongs to the top of the industry, outperforming 87.88% of the companies in the same industry.
  • A Debt/Equity ratio of 0.02 indicates that ABEV is not too dependend on debt financing.
  • ABEV has a Debt to Equity ratio of 0.02. This is amongst the best in the industry. ABEV outperforms 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.15
Altman-Z 4.93
ROIC/WACC1.06
WACC18.13%
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 20B 40B 60B 80B

2.3 Liquidity

  • ABEV has a Current Ratio of 1.11. This is a normal value and indicates that ABEV is financially healthy and should not expect problems in meeting its short term obligations.
  • ABEV has a worse Current ratio (1.11) than 60.61% of its industry peers.
  • ABEV has a Quick Ratio of 1.11. This is a bad value and indicates that ABEV is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ABEV has a Quick ratio (0.80) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 0.8
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 10B 20B 30B 40B 50B

More info and screens

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

3

3. Growth

3.1 Past

  • ABEV shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.64%.
  • Measured over the past 5 years, ABEV shows a small growth in Earnings Per Share. The EPS has been growing by 4.26% on average per year.
EPS 1Y (TTM)-0.64%
EPS 3Y-1.32%
EPS 5Y4.26%
EPS Q2Q%-16.39%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-11.93%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.08% on average over the next years. This is quite good.
  • ABEV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.33% yearly.
EPS Next Y12.34%
EPS Next 2Y10.33%
EPS Next 3Y13.57%
EPS Next 5Y12.08%
Revenue Next Year4.38%
Revenue Next 2Y4.87%
Revenue Next 3Y6.08%
Revenue Next 5Y5.33%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.33, ABEV is valued on the expensive side.
  • 66.67% of the companies in the same industry are more expensive than ABEV, based on the Price/Earnings ratio.
  • ABEV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.67.
  • Based on the Price/Forward Earnings ratio of 15.84, the valuation of ABEV can be described as correct.
  • 69.70% of the companies in the same industry are more expensive than ABEV, based on the Price/Forward Earnings ratio.
  • ABEV's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.69.
Industry RankSector Rank
PE 17.33
Fwd PE 15.84
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

  • ABEV's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. ABEV is cheaper than 87.88% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ABEV indicates a rather cheap valuation: ABEV is cheaper than 90.91% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.65
EV/EBITDA 8.03
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 decent profitability rating of ABEV may justify a higher PE ratio.
  • ABEV's earnings are expected to grow with 13.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.4
PEG (5Y)4.07
EPS Next 2Y10.33%
EPS Next 3Y13.57%

More info and screens

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

2

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.36%, ABEV has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.66, ABEV has a dividend in line with its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.80, ABEV is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.36%

5.2 History

  • The dividend of ABEV decreases each year by -12.44%.
  • ABEV has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-12.44%
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

  • ABEV pays out 85.75% of its income as dividend. This is not a sustainable payout ratio.
DP85.75%
EPS Next 2Y10.33%
EPS Next 3Y13.57%
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 5B 10B 15B 20B
ABEV Dividend Payout.ABEV Dividend Payout, showing the Payout Ratio.ABEV Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

AMBEV SA-ADR

NYSE:ABEV (2/13/2026, 12:40:00 PM)

3.12

-0.08 (-2.5%)

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-0.33%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap48.72B
Revenue(TTM)N/A
Net Income(TTM)14.75B
Analysts51
Price Target2.71 (-13.14%)
Short Float %3.66%
Short Ratio5.21
Dividend
Industry RankSector Rank
Dividend Yield 1.36%
Yearly Dividend0.05
Dividend Growth(5Y)-12.44%
DP85.75%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.95%
Min EPS beat(2)-9.56%
Max EPS beat(2)-4.34%
EPS beat(4)1
Avg EPS beat(4)-3.44%
Min EPS beat(4)-9.56%
Max EPS beat(4)7.94%
EPS beat(8)3
Avg EPS beat(8)-0.99%
EPS beat(12)6
Avg EPS beat(12)3.27%
EPS beat(16)9
Avg EPS beat(16)7.96%
Revenue beat(2)0
Avg Revenue beat(2)-6%
Min Revenue beat(2)-8.64%
Max Revenue beat(2)-3.37%
Revenue beat(4)1
Avg Revenue beat(4)-3.56%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)1.61%
Revenue beat(8)2
Avg Revenue beat(8)-4.62%
Revenue beat(12)2
Avg Revenue beat(12)-4.37%
Revenue beat(16)5
Avg Revenue beat(16)-2.84%
PT rev (1m)8.77%
PT rev (3m)7.43%
EPS NQ rev (1m)-0.15%
EPS NQ rev (3m)-0.15%
EPS NY rev (1m)2.04%
EPS NY rev (3m)2.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.4%
Valuation
Industry RankSector Rank
PE 17.33
Fwd PE 15.84
P/S 2.75
P/FCF 11.65
P/OCF 9.6
P/B 2.73
P/tB 6.4
EV/EBITDA 8.03
EPS(TTM)0.18
EY5.77%
EPS(NY)0.2
Fwd EY6.31%
FCF(TTM)0.27
FCFY8.59%
OCF(TTM)0.33
OCFY10.42%
SpS1.13
BVpS1.14
TBVpS0.49
PEG (NY)1.4
PEG (5Y)4.07
Graham Number2.15
Profitability
Industry RankSector Rank
ROA 10.38%
ROE 15.95%
ROCE 21.93%
ROIC 19.27%
ROICexc 23.11%
ROICexgc 58.42%
OM 25.18%
PM (TTM) 16.08%
GM 51.5%
FCFM 23.61%
ROA(3y)10.1%
ROA(5y)9.71%
ROE(3y)16.88%
ROE(5y)16.28%
ROIC(3y)17.11%
ROIC(5y)16.49%
ROICexc(3y)21.47%
ROICexc(5y)20.62%
ROICexgc(3y)60.94%
ROICexgc(5y)58.16%
ROCE(3y)19.48%
ROCE(5y)18.77%
ROICexgc growth 3Y12.62%
ROICexgc growth 5Y3.42%
ROICexc growth 3Y6.91%
ROICexc growth 5Y0.69%
OM growth 3Y0.69%
OM growth 5Y-5.02%
PM growth 3Y-2.46%
PM growth 5Y-6.55%
GM growth 3Y0.12%
GM growth 5Y-2.55%
F-Score8
Asset Turnover0.65
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.15
Debt/EBITDA 0.07
Cap/Depr 64.28%
Cap/Sales 5.04%
Interest Coverage 27.15
Cash Conversion 86.78%
Profit Quality 146.79%
Current Ratio 1.11
Quick Ratio 0.8
Altman-Z 4.93
F-Score8
WACC18.13%
ROIC/WACC1.06
Cap/Depr(3y)89.96%
Cap/Depr(5y)100.59%
Cap/Sales(3y)7.01%
Cap/Sales(5y)7.92%
Profit Quality(3y)124.82%
Profit Quality(5y)123.82%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.64%
EPS 3Y-1.32%
EPS 5Y4.26%
EPS Q2Q%-16.39%
EPS Next Y12.34%
EPS Next 2Y10.33%
EPS Next 3Y13.57%
EPS Next 5Y12.08%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-11.93%
Revenue Next Year4.38%
Revenue Next 2Y4.87%
Revenue Next 3Y6.08%
Revenue Next 5Y5.33%
EBIT growth 1Y18.16%
EBIT growth 3Y7.82%
EBIT growth 5Y5.86%
EBIT Next Year38.94%
EBIT Next 3Y15.01%
EBIT Next 5Y11.24%
FCF growth 1Y50.18%
FCF growth 3Y11.93%
FCF growth 5Y9.91%
OCF growth 1Y26.58%
OCF growth 3Y4.45%
OCF growth 5Y7.26%

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 5 / 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 7 / 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 3 / 10 and the dividend payout ratio is 85.75%.