AMBEV SA-ADR (ABEV) Fundamental Analysis & Valuation

NYSE:ABEV • US02319V1035

Current stock price

2.71 USD
-0.09 (-3.21%)
At close:
2.7226 USD
+0.01 (+0.46%)
After Hours:

This ABEV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. ABEV Profitability Analysis

1.1 Basic Checks

  • ABEV had positive earnings in the past year.
  • In the past year ABEV had a positive cash flow from operations.
  • Each year in the past 5 years ABEV has been profitable.
  • In the past 5 years ABEV always reported a positive cash flow from operatings.
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

  • Looking at the Return On Assets, with a value of 10.69%, ABEV belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
  • With a decent Return On Equity value of 17.63%, ABEV is doing good in the industry, outperforming 64.71% of the companies in the same industry.
  • ABEV has a better Return On Invested Capital (18.02%) than 88.24% of its industry peers.
  • ABEV had an Average Return On Invested Capital over the past 3 years of 16.60%. This is above the industry average of 11.65%.
  • The last Return On Invested Capital (18.02%) for ABEV is above the 3 year average (16.60%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 10.69%
ROE 17.63%
ROIC 18.02%
ROA(3y)10.17%
ROA(5y)10.02%
ROE(3y)16.88%
ROE(5y)16.72%
ROIC(3y)16.6%
ROIC(5y)15.64%
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

  • With an excellent Profit Margin value of 17.57%, ABEV belongs to the best of the industry, outperforming 85.29% of the companies in the same industry.
  • ABEV's Profit Margin has declined in the last couple of years.
  • ABEV has a better Operating Margin (25.64%) than 82.35% of its industry peers.
  • ABEV's Operating Margin has declined in the last couple of years.
  • With a decent Gross Margin value of 51.42%, ABEV is doing good in the industry, outperforming 61.76% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ABEV has remained more or less at the same level.
Industry RankSector Rank
OM 25.64%
PM (TTM) 17.57%
GM 51.42%
OM growth 3Y4.6%
OM growth 5Y-1.87%
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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7

2. ABEV Health Analysis

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 less shares outstanding than it did 1 year ago.
  • ABEV has less shares outstanding than it did 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 4.09 indicates that ABEV is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 4.09, ABEV belongs to the best of the industry, outperforming 85.29% of the companies in the same industry.
  • The Debt to FCF ratio of ABEV is 0.17, which is an excellent value as it means it would take ABEV, only 0.17 years of fcf income to pay off all of its debts.
  • ABEV has a better Debt to FCF ratio (0.17) than 88.24% of its industry peers.
  • 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 82.35% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.17
Altman-Z 4.09
ROIC/WACC1
WACC18.01%
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.
  • ABEV has a Current ratio of 0.96. This is in the lower half of the industry: ABEV underperforms 64.71% of its industry peers.
  • ABEV has a Quick Ratio of 0.96. 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 (0.73) which is in line with its industry peers.
  • 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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4

3. ABEV Growth Analysis

3.1 Past

  • ABEV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.65%.
  • Measured over the past 5 years, ABEV shows a small growth in Earnings Per Share. The EPS has been growing by 4.73% on average per year.
  • Looking at the last year, ABEV shows a decrease in Revenue. The Revenue has decreased by -1.35% in the last year.
  • Measured over the past years, ABEV shows a quite strong growth in Revenue. The Revenue has been growing by 8.61% on average per year.
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

  • The Earnings Per Share is expected to grow by 10.73% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.47% on average over the next years.
EPS Next Y10.56%
EPS Next 2Y9.14%
EPS Next 3Y8.03%
EPS Next 5Y10.73%
Revenue Next Year4.08%
Revenue Next 2Y4.65%
Revenue Next 3Y4.7%
Revenue Next 5Y5.47%

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 2030 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 2030 0.5 1 1.5

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6

4. ABEV Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 15.94, ABEV is valued correctly.
  • ABEV's Price/Earnings ratio is a bit cheaper when compared to the industry. ABEV is cheaper than 64.71% of the companies in the same industry.
  • ABEV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.23.
  • Based on the Price/Forward Earnings ratio of 14.01, the valuation of ABEV can be described as correct.
  • 64.71% of the companies in the same industry are more expensive than ABEV, based on the Price/Forward Earnings ratio.
  • ABEV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.28, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.94
Fwd PE 14.01
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

  • Based on the Enterprise Value to EBITDA ratio, ABEV is valued cheaply inside the industry as 91.18% of the companies are valued more expensively.
  • ABEV's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ABEV is cheaper than 88.24% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.29
EV/EBITDA 7.23
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.
PEG (NY)1.51
PEG (5Y)3.37
EPS Next 2Y9.14%
EPS Next 3Y8.03%

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3

5. ABEV Dividend Analysis

5.1 Amount

  • ABEV has a Yearly Dividend Yield of 1.27%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.85, ABEV has a dividend in line with its industry peers.
  • ABEV's Dividend Yield is slightly below the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.27%

5.2 History

  • On average, the dividend of ABEV grows each year by 24.56%, which is quite nice.
  • 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

  • ABEV pays out 131.99% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of ABEV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP131.99%
EPS Next 2Y9.14%
EPS Next 3Y8.03%
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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ABEV Fundamentals: All Metrics, Ratios and Statistics

AMBEV SA-ADR

NYSE:ABEV (3/20/2026, 8:04:00 PM)

After market: 2.7226 +0.01 (+0.46%)

2.71

-0.09 (-3.21%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners9.33%
Inst Owner Change-11.46%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap42.32B
Revenue(TTM)88.24B
Net Income(TTM)15.50B
Analysts52
Price Target2.71 (0%)
Short Float %3.8%
Short Ratio6.67
Dividend
Industry RankSector Rank
Dividend Yield 1.27%
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)0%
PT rev (3m)4.93%
EPS NQ rev (1m)0.92%
EPS NQ rev (3m)0.74%
EPS NY rev (1m)0.55%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)0.67%
Revenue NQ rev (3m)1.13%
Revenue NY rev (1m)-1.59%
Revenue NY rev (3m)-1.59%
Valuation
Industry RankSector Rank
PE 15.94
Fwd PE 14.01
P/S 2.54
P/FCF 11.29
P/OCF 9.17
P/B 2.55
P/tB 6.35
EV/EBITDA 7.23
EPS(TTM)0.17
EY6.27%
EPS(NY)0.19
Fwd EY7.14%
FCF(TTM)0.24
FCFY8.86%
OCF(TTM)0.3
OCFY10.9%
SpS1.07
BVpS1.06
TBVpS0.43
PEG (NY)1.51
PEG (5Y)3.37
Graham Number2.02
Profitability
Industry RankSector Rank
ROA 10.69%
ROE 17.63%
ROCE 22.74%
ROIC 18.02%
ROICexc 22.65%
ROICexgc 67.44%
OM 25.64%
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)16.6%
ROIC(5y)15.64%
ROICexc(3y)21.16%
ROICexc(5y)19.56%
ROICexgc(3y)62.81%
ROICexgc(5y)55.66%
ROCE(3y)20.95%
ROCE(5y)19.73%
ROICexgc growth 3Y15.36%
ROICexgc growth 5Y5.55%
ROICexc growth 3Y9.49%
ROICexc growth 5Y4.85%
OM growth 3Y4.6%
OM growth 5Y-1.87%
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 25.51
Cash Conversion 83.01%
Profit Quality 128.1%
Current Ratio 0.96
Quick Ratio 0.73
Altman-Z 4.09
F-Score7
WACC18.01%
ROIC/WACC1
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 Y10.56%
EPS Next 2Y9.14%
EPS Next 3Y8.03%
EPS Next 5Y10.73%
Revenue 1Y (TTM)-1.35%
Revenue growth 3Y3.45%
Revenue growth 5Y8.61%
Sales Q2Q%-8.24%
Revenue Next Year4.08%
Revenue Next 2Y4.65%
Revenue Next 3Y4.7%
Revenue Next 5Y5.47%
EBIT growth 1Y3.28%
EBIT growth 3Y8.2%
EBIT growth 5Y6.58%
EBIT Next Year35.79%
EBIT Next 3Y14.75%
EBIT Next 5Y10.61%
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 Fundamental Analysis 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 3 / 10 and the dividend payout ratio is 131.99%.