AMBEV SA-ADR (ABEV) Fundamental Analysis & Valuation

NYSE:ABEV • US02319V1035

Current stock price

2.93 USD
-0.04 (-1.35%)
At close:
2.9308 USD
+0 (+0.03%)
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.
  • 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

  • ABEV's Return On Assets of 10.69% is amongst the best of the industry. ABEV outperforms 82.35% of its industry peers.
  • ABEV has a better Return On Equity (17.63%) than 64.71% of its industry peers.
  • ABEV's Return On Invested Capital of 18.02% is amongst the best of the industry. ABEV outperforms 88.24% of its industry peers.
  • ABEV had an Average Return On Invested Capital over the past 3 years of 16.51%. This is above the industry average of 11.81%.
  • The 3 year average ROIC (16.51%) for ABEV is below the current ROIC(18.02%), indicating increased profibility in the last year.
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

  • ABEV has a Profit Margin of 17.57%. This is amongst the best in the industry. ABEV outperforms 85.29% of its industry peers.
  • In the last couple of years the Profit Margin of ABEV has declined.
  • With an excellent Operating Margin value of 25.64%, ABEV belongs to the best 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.
  • ABEV has a better Gross Margin (51.42%) than 61.76% of its industry peers.
  • ABEV's Gross Margin has been stable in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ABEV is creating some value.
  • The number of shares outstanding for ABEV has been reduced compared to 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

  • ABEV has an Altman-Z score of 4.17. This indicates that ABEV is financially healthy and has little risk of bankruptcy at the moment.
  • ABEV has a better Altman-Z score (4.17) 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.
  • Looking at the Debt to FCF ratio, with a value of 0.17, ABEV belongs to the top of the industry, outperforming 88.24% of the companies in the same industry.
  • A Debt/Equity ratio of 0.03 indicates that ABEV is not too dependend on debt financing.
  • ABEV has a Debt to Equity ratio of 0.03. This is amongst the best in the industry. ABEV outperforms 82.35% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.17
Altman-Z 4.17
ROIC/WACC1
WACC17.99%
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.
  • With a Current ratio value of 0.96, ABEV is not doing good in the industry: 61.76% of the companies in the same industry are doing better.
  • 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.
  • Looking at the Quick ratio, with a value of 0.73, ABEV is in line with its industry, outperforming 52.94% of the companies in the same industry.
  • ABEV does not score too well on the current and quick ratio evaluation. However, as it has 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%.
  • The Earnings Per Share has been growing slightly by 4.73% on average over the past years.
  • 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 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

  • The Price/Earnings ratio is 16.28, which indicates a correct valuation of ABEV.
  • Compared to the rest of the industry, the Price/Earnings ratio of ABEV indicates a somewhat cheap valuation: ABEV is cheaper than 61.76% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of ABEV to the average of the S&P500 Index (25.60), we can say ABEV is valued slightly cheaper.
  • ABEV is valuated correctly with a Price/Forward Earnings ratio of 14.75.
  • Based on the Price/Forward Earnings ratio, ABEV is valued a bit cheaper than 67.65% of the companies in the same industry.
  • ABEV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.28
Fwd PE 14.75
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 88.24% of the companies are valued more expensively.
  • 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 11.89
EV/EBITDA 7.49
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)3.44
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 1.81%.
  • ABEV's Dividend Yield is comparable with the industry average which is at 1.87.
  • ABEV's Dividend Yield is comparable with the S&P500 average which is at 1.88.
Industry RankSector Rank
Dividend Yield 1.81%

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.
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 2Y9.14%
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 (4/2/2026, 6:31:42 PM)

After market: 2.9308 +0 (+0.03%)

2.93

-0.04 (-1.35%)

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 Change-0.24%
Market Cap45.76B
Revenue(TTM)88.24B
Net Income(TTM)15.50B
Analysts52
Price Target2.71 (-7.51%)
Short Float %3.82%
Short Ratio6.55
Dividend
Industry RankSector Rank
Dividend Yield 1.81%
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)8.77%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.9%
EPS NY rev (1m)0.68%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)-0.28%
Revenue NQ rev (3m)1.01%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-1.59%
Valuation
Industry RankSector Rank
PE 16.28
Fwd PE 14.75
P/S 2.68
P/FCF 11.89
P/OCF 9.66
P/B 2.69
P/tB 6.68
EV/EBITDA 7.49
EPS(TTM)0.18
EY6.14%
EPS(NY)0.2
Fwd EY6.78%
FCF(TTM)0.25
FCFY8.41%
OCF(TTM)0.3
OCFY10.36%
SpS1.1
BVpS1.09
TBVpS0.44
PEG (NY)1.54
PEG (5Y)3.44
Graham Number2.1
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 4.17
F-Score7
WACC17.99%
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.


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 16.28 and the Price/Book (PB) ratio is 2.69.


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 10.56% in the next year.