AMBEV SA-ADR (ABEV) Fundamental Analysis & Valuation

NYSE:ABEV • US02319V1035

Current stock price

3.19 USD
+0.04 (+1.27%)
At close:
3.17 USD
-0.02 (-0.63%)
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.
  • ABEV had a positive operating cash flow in the past year.
  • ABEV had positive earnings in each of the past 5 years.
  • ABEV had a positive operating cash flow in each 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 2025 5B 10B 15B 20B 25B

1.2 Ratios

  • With an excellent Return On Assets value of 10.69%, ABEV belongs to the best 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 Return On Invested Capital of 18.02%. This is amongst the best in the industry. ABEV outperforms 88.24% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ABEV is above the industry average of 11.81%.
  • The last Return On Invested Capital (18.02%) for ABEV is above the 3 year average (16.51%), 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)16.51%
ROIC(5y)15.59%
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

  • Looking at the Profit Margin, with a value of 17.57%, ABEV belongs to the top of the industry, outperforming 85.29% of the companies in the same industry.
  • In the last couple of years the Profit Margin of ABEV has declined.
  • Looking at the Operating Margin, with a value of 25.64%, ABEV belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
  • 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.
  • The number of shares outstanding for ABEV has been reduced compared to 5 years ago.
  • ABEV has a worse debt/assets ratio than last year.
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

  • ABEV has an Altman-Z score of 4.30. This indicates that ABEV is financially healthy and has little risk of bankruptcy at the moment.
  • ABEV has a better Altman-Z score (4.30) than 85.29% of its industry peers.
  • 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.
  • With an excellent Debt to FCF ratio value of 0.17, ABEV belongs to the best of the industry, outperforming 88.24% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.03, ABEV belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.17
Altman-Z 4.3
ROIC/WACC1
WACC17.98%
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 61.76% of the companies in the same industry.
  • 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 comparable to the rest of the 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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4

3. ABEV Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.65% over the past year.
  • 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.
  • ABEV shows a decrease in Revenue. In the last year, the revenue decreased by -1.35%.
  • 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

  • Based on estimates for the next years, ABEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.73% on average per year.
  • Based on estimates for the next years, ABEV will show a small growth in Revenue. The Revenue will grow by 5.47% on average per year.
EPS Next Y11.51%
EPS Next 2Y9.6%
EPS Next 3Y8.72%
EPS Next 5Y10.73%
Revenue Next Year4.11%
Revenue Next 2Y4.65%
Revenue Next 3Y4.75%
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

  • Based on the Price/Earnings ratio of 17.72, the valuation of ABEV can be described as rather expensive.
  • ABEV's Price/Earnings ratio is in line with the industry average.
  • ABEV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.78.
  • The Price/Forward Earnings ratio is 15.60, which indicates a correct valuation of ABEV.
  • Based on the Price/Forward Earnings ratio, ABEV is valued a bit cheaper than the industry average as 67.65% of the companies are valued more expensively.
  • ABEV's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.54.
Industry RankSector Rank
PE 17.72
Fwd PE 15.6
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 82.35% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ABEV is valued cheaply inside the industry as 88.24% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.68
EV/EBITDA 7.92
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

  • ABEV's 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)1.54
PEG (5Y)3.74
EPS Next 2Y9.6%
EPS Next 3Y8.72%

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3

5. ABEV Dividend Analysis

5.1 Amount

  • ABEV has a Yearly Dividend Yield of 1.12%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.75, ABEV has a dividend in line with its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.83, ABEV is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.12%

5.2 History

  • On average, the dividend of ABEV grows each year by 24.56%, which is quite nice.
  • ABEV has paid a dividend for at least 10 years, which is a reliable track record.
  • ABEV has decreased its dividend recently.
Dividend Growth(5Y)24.56%
Div Incr Years1
Div Non Decr Years1
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 2Y9.6%
EPS Next 3Y8.72%
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 (4/10/2026, 8:04:45 PM)

After market: 3.17 -0.02 (-0.63%)

3.19

+0.04 (+1.27%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners10%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner Change3.81%
Market Cap49.82B
Revenue(TTM)88.24B
Net Income(TTM)15.50B
Analysts52
Price Target2.95 (-7.52%)
Short Float %3.82%
Short Ratio6.55
Dividend
Industry RankSector Rank
Dividend Yield 1.12%
Yearly Dividend0.26
Dividend Growth(5Y)24.56%
DP131.99%
Div Incr Years1
Div Non Decr Years1
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)8.95%
PT rev (3m)18.5%
EPS NQ rev (1m)1.05%
EPS NQ rev (3m)2.9%
EPS NY rev (1m)0.85%
EPS NY rev (3m)0.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.01%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-1.56%
Valuation
Industry RankSector Rank
PE 17.72
Fwd PE 15.6
P/S 2.85
P/FCF 12.68
P/OCF 10.3
P/B 2.86
P/tB 7.13
EV/EBITDA 7.92
EPS(TTM)0.18
EY5.64%
EPS(NY)0.2
Fwd EY6.41%
FCF(TTM)0.25
FCFY7.89%
OCF(TTM)0.31
OCFY9.71%
SpS1.12
BVpS1.11
TBVpS0.45
PEG (NY)1.54
PEG (5Y)3.74
Graham Number2.12
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)16.51%
ROIC(5y)15.59%
ROICexc(3y)21.06%
ROICexc(5y)19.49%
ROICexgc(3y)62.51%
ROICexgc(5y)55.48%
ROCE(3y)20.84%
ROCE(5y)19.67%
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 4.3
F-Score7
WACC17.98%
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 Y11.51%
EPS Next 2Y9.6%
EPS Next 3Y8.72%
EPS Next 5Y10.73%
Revenue 1Y (TTM)-1.35%
Revenue growth 3Y3.45%
Revenue growth 5Y8.61%
Sales Q2Q%-8.24%
Revenue Next Year4.11%
Revenue Next 2Y4.65%
Revenue Next 3Y4.75%
Revenue Next 5Y5.47%
EBIT growth 1Y3.28%
EBIT growth 3Y8.2%
EBIT growth 5Y6.58%
EBIT Next Year35.81%
EBIT Next 3Y14.85%
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.


Can you provide the profitability details for AMBEV SA-ADR?

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


What are the PE and PB ratios of AMBEV SA-ADR (ABEV) stock?

The Price/Earnings (PE) ratio for AMBEV SA-ADR (ABEV) is 17.72 and the Price/Book (PB) ratio is 2.86.


What is the expected EPS growth for AMBEV SA-ADR (ABEV) stock?

The Earnings per Share (EPS) of AMBEV SA-ADR (ABEV) is expected to grow by 11.51% in the next year.