AMBEV SA-ADR (ABEV) Stock Fundamental Analysis

NYSE:ABEV • US02319V1035

3.11 USD
-0.09 (-2.81%)
At close: Feb 13, 2026
3.1099 USD
0 (0%)
After Hours: 2/13/2026, 8:04:00 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 gets an excellent profitability rating and is at the same time showing great financial health properties. ABEV has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

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

1.2 Ratios

  • ABEV's Return On Assets of 11.39% is amongst the best of the industry. ABEV outperforms 84.85% of its industry peers.
  • ABEV has a better Return On Equity (17.43%) than 60.61% of its industry peers.
  • ABEV has a better Return On Invested Capital (19.58%) than 93.94% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ABEV is significantly above the industry average of 11.46%.
  • The last Return On Invested Capital (19.58%) for ABEV is above the 3 year average (17.11%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 11.39%
ROE 17.43%
ROIC 19.58%
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

  • ABEV has a better Profit Margin (17.73%) than 84.85% of its industry peers.
  • ABEV's Profit Margin has declined in the last couple of years.
  • The Operating Margin of ABEV (25.66%) is better than 81.82% of its industry peers.
  • ABEV's Operating Margin has declined in the last couple of years.
  • ABEV's Gross Margin of 51.77% is fine compared to the rest of the industry. ABEV outperforms 60.61% of its industry peers.
  • In the last couple of years the Gross Margin of ABEV has declined.
Industry RankSector Rank
OM 25.66%
PM (TTM) 17.73%
GM 51.77%
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

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ABEV is still 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

  • An Altman-Z score of 4.99 indicates that ABEV is not in any danger for bankruptcy at the moment.
  • ABEV's Altman-Z score of 4.99 is amongst the best of the industry. ABEV outperforms 84.85% of its industry peers.
  • ABEV has a debt to FCF ratio of 0.14. This is a very positive value and a sign of high solvency as it would only need 0.14 years to pay back of all of its debts.
  • ABEV has a better Debt to FCF ratio (0.14) than 87.88% of its industry peers.
  • ABEV has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
  • ABEV's Debt to Equity ratio of 0.02 is amongst the best of the industry. ABEV outperforms 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.14
Altman-Z 4.99
ROIC/WACC1.08
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 1.15. This is a normal value and indicates that ABEV is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.15, ABEV perfoms like the industry average, outperforming 42.42% of the companies in the same industry.
  • ABEV has a Quick Ratio of 1.15. This is a bad value and indicates that ABEV is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 0.86, ABEV is doing good in the industry, outperforming 60.61% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.15
Quick Ratio 0.86
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

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

3

3. Growth

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.
EPS 1Y (TTM)1.65%
EPS 3Y-0.57%
EPS 5Y4.73%
EPS Q2Q%-9.68%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.24%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.44% on average over the next years. This is quite good.
  • 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.
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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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 17.28, which indicates a rather expensive current valuation of ABEV.
  • Based on the Price/Earnings ratio, ABEV is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
  • ABEV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.68.
  • ABEV is valuated correctly with a Price/Forward Earnings ratio of 15.92.
  • Based on the Price/Forward Earnings ratio, ABEV is valued a bit cheaper than 66.67% of the companies in the same industry.
  • ABEV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.28
Fwd PE 15.92
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

  • 87.88% of the companies in the same industry are more expensive than ABEV, based on the Enterprise Value to EBITDA ratio.
  • 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 12.29
EV/EBITDA 7.76
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.
  • ABEV has a very decent profitability rating, which may justify a higher PE ratio.
  • ABEV's earnings are expected to grow with 12.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.76
PEG (5Y)3.65
EPS Next 2Y9.08%
EPS Next 3Y12.71%

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

3

5. Dividend

5.1 Amount

  • ABEV has a Yearly Dividend Yield of 1.65%. Purely for dividend investing, there may be better candidates out there.
  • ABEV's Dividend Yield is comparable with the industry average which is at 1.61.
  • Compared to an average S&P500 Dividend Yield of 1.84, ABEV has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.65%

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 91.30% of its income as dividend. This is not a sustainable payout ratio.
DP91.3%
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 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, 8:04:00 PM)

After market: 3.1099 0 (0%)

3.11

-0.09 (-2.81%)

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-11.73%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap48.57B
Revenue(TTM)N/A
Net Income(TTM)16.04B
Analysts51
Price Target2.71 (-12.86%)
Short Float %3.66%
Short Ratio5.21
Dividend
Industry RankSector Rank
Dividend Yield 1.65%
Yearly Dividend0.05
Dividend Growth(5Y)-12.44%
DP91.3%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)2%
Min EPS beat(2)-9.56%
Max EPS beat(2)13.57%
EPS beat(4)2
Avg EPS beat(4)1.9%
Min EPS beat(4)-9.56%
Max EPS beat(4)13.57%
EPS beat(8)3
Avg EPS beat(8)-1.24%
EPS beat(12)6
Avg EPS beat(12)3.58%
EPS beat(16)9
Avg EPS beat(16)5.59%
Revenue beat(2)0
Avg Revenue beat(2)-6.96%
Min Revenue beat(2)-8.64%
Max Revenue beat(2)-5.28%
Revenue beat(4)1
Avg Revenue beat(4)-3.92%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)1.61%
Revenue beat(8)2
Avg Revenue beat(8)-4.4%
Revenue beat(12)2
Avg Revenue beat(12)-4.7%
Revenue beat(16)4
Avg Revenue beat(16)-3.61%
PT rev (1m)8.77%
PT rev (3m)5.51%
EPS NQ rev (1m)-1.64%
EPS NQ rev (3m)-7.11%
EPS NY rev (1m)2.02%
EPS NY rev (3m)2.96%
Revenue NQ rev (1m)-2.84%
Revenue NQ rev (3m)-7.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.4%
Valuation
Industry RankSector Rank
PE 17.28
Fwd PE 15.92
P/S 2.8
P/FCF 12.29
P/OCF 10.09
P/B 2.75
P/tB 6.23
EV/EBITDA 7.76
EPS(TTM)0.18
EY5.79%
EPS(NY)0.2
Fwd EY6.28%
FCF(TTM)0.25
FCFY8.14%
OCF(TTM)0.31
OCFY9.91%
SpS1.11
BVpS1.13
TBVpS0.5
PEG (NY)1.76
PEG (5Y)3.65
Graham Number2.14
Profitability
Industry RankSector Rank
ROA 11.39%
ROE 17.43%
ROCE 22.29%
ROIC 19.58%
ROICexc 24.18%
ROICexgc 61.75%
OM 25.66%
PM (TTM) 17.73%
GM 51.77%
FCFM 22.81%
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 Turnover0.64
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.14
Debt/EBITDA 0.06
Cap/Depr 63.46%
Cap/Sales 4.95%
Interest Coverage 24.58
Cash Conversion 82.95%
Profit Quality 128.66%
Current Ratio 1.15
Quick Ratio 0.86
Altman-Z 4.99
F-Score8
WACC18.13%
ROIC/WACC1.08
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)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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-8.24%
Revenue Next Year4.2%
Revenue Next 2Y4.72%
Revenue Next 3Y5%
Revenue Next 5Y5.68%
EBIT growth 1Y16.3%
EBIT growth 3Y7.82%
EBIT growth 5Y5.86%
EBIT Next Year38.94%
EBIT Next 3Y15.01%
EBIT Next 5Y11.24%
FCF growth 1Y22.77%
FCF growth 3Y11.93%
FCF growth 5Y9.91%
OCF growth 1Y11.25%
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 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 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 91.3%.