AMBEV SA-ADR (ABEV) Stock Fundamental Analysis

NYSE:ABEV • US02319V1035

3.16 USD
-0.03 (-0.94%)
At close: Feb 27, 2026
3.16 USD
0 (0%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, ABEV scores 6 out of 10 in our fundamental rating. ABEV was compared to 33 industry peers in the Beverages industry. Both the health and profitability get an excellent rating, making ABEV a very profitable company, without any liquidiy or solvency issues. ABEV has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

8

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.
  • Each year in the past 5 years ABEV has been profitable.
  • 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

  • ABEV has a better Return On Assets (10.69%) 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 63.64% of its industry peers.
  • ABEV's Return On Invested Capital of 18.06% is amongst the best of the industry. ABEV outperforms 87.88% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ABEV is above the industry average of 11.71%.
  • 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's Profit Margin of 17.57% is amongst the best of the industry. ABEV outperforms 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 25.70%, ABEV belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
  • In the last couple of years the Operating Margin of ABEV has declined.
  • Looking at the Gross Margin, with a value of 51.42%, ABEV is in the better half of the industry, outperforming 60.61% of the companies in the same industry.
  • ABEV's Gross Margin has been stable in the last couple of years.
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ABEV 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

  • An Altman-Z score of 4.33 indicates that ABEV is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of ABEV (4.33) is better than 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.
  • The Debt to FCF ratio of ABEV (0.17) is better than 87.88% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.03, ABEV belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.17
Altman-Z 4.33
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

  • ABEV has a Current 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 Current ratio of 0.96. This is in the lower half of the industry: ABEV underperforms 66.67% 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's Quick ratio of 0.73 is in line compared to the rest of the industry. ABEV outperforms 51.52% of 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

More info and screens

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.
  • 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.
  • The Revenue has decreased by -1.35% in the past 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 11.44% 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 5.68% yearly.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • ABEV is valuated rather expensively with a Price/Earnings ratio of 17.56.
  • 66.67% of the companies in the same industry are more expensive than ABEV, based on the Price/Earnings ratio.
  • ABEV is valuated rather cheaply when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 16.00, which indicates a correct valuation of ABEV.
  • Based on the Price/Forward Earnings ratio, ABEV is valued a bit cheaper than 69.70% of the companies in the same industry.
  • ABEV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.05, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.56
Fwd PE 16
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 87.88% of the companies are valued more expensively.
  • 87.88% of the companies in the same industry are more expensive than ABEV, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.81
EV/EBITDA 7.99
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)1.79
PEG (5Y)3.71
EPS Next 2Y9.08%
EPS Next 3Y12.71%

More info and screens

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

6

5. Dividend

5.1 Amount

  • ABEV has a Yearly Dividend Yield of 4.23%, which is a nice return.
  • Compared to an average industry Dividend Yield of 1.72, ABEV pays a better dividend. On top of this ABEV pays more dividend than 96.97% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, ABEV pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.23%

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

  • 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

More info and screens

Find the best dividend stocksShow peers with best dividend

AMBEV SA-ADR

NYSE:ABEV (2/27/2026, 8:04:00 PM)

After market: 3.16 0 (0%)

3.16

-0.03 (-0.94%)

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-11.48%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap49.35B
Revenue(TTM)88.24B
Net Income(TTM)15.50B
Analysts51
Price Target2.71 (-14.24%)
Short Float %3.68%
Short Ratio5.46
Dividend
Industry RankSector Rank
Dividend Yield 4.23%
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 17.56
Fwd PE 16
P/S 2.88
P/FCF 12.81
P/OCF 10.41
P/B 2.89
P/tB 7.2
EV/EBITDA 7.99
EPS(TTM)0.18
EY5.7%
EPS(NY)0.2
Fwd EY6.25%
FCF(TTM)0.25
FCFY7.81%
OCF(TTM)0.3
OCFY9.61%
SpS1.1
BVpS1.09
TBVpS0.44
PEG (NY)1.79
PEG (5Y)3.71
Graham Number2.1
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 4.33
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 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 Year35.68%
EBIT Next 3Y14.94%
EBIT Next 5Y12.37%
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%.