AMBEV SA-ADR (ABEV) Fundamental Analysis & Valuation

NYSE:ABEV • US02319V1035

Current stock price

2.86 USD
-0.01 (-0.35%)
At close:
2.8554 USD
0 (-0.16%)
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

  • With an excellent Return On Assets value of 10.69%, ABEV belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 17.63%, ABEV is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 18.02%, ABEV belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ABEV is above the industry average of 11.84%.
  • 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

  • ABEV has a better Profit Margin (17.57%) than 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 25.64%, 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 25.64%
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.
  • Compared to 5 years ago, ABEV has less shares outstanding
  • 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 4.09. This indicates that ABEV is financially healthy and has little risk of bankruptcy at the moment.
  • ABEV has a Altman-Z score of 4.09. This is amongst the best in the industry. ABEV outperforms 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.
  • ABEV has a better Debt to FCF ratio (0.17) 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.
  • ABEV has a better Debt to Equity ratio (0.03) than 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 0.17
Altman-Z 4.09
ROIC/WACC1
WACC18%
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's Current ratio of 0.96 is on the low side compared to the rest of the industry. ABEV is outperformed by 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 has a Quick ratio (0.73) which is in line with its industry peers.
  • 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

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

  • ABEV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.73% yearly.
  • ABEV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.47% yearly.
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 15.89, ABEV is valued correctly.
  • Based on the Price/Earnings ratio, ABEV is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.70. ABEV is valued slightly cheaper when compared to this.
  • ABEV is valuated correctly with a Price/Forward Earnings ratio of 14.40.
  • ABEV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ABEV is cheaper than 66.67% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.84. ABEV is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 15.89
Fwd PE 14.4
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 cheaper than 93.94% of the companies in the same industry.
  • 90.91% 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 11.61
EV/EBITDA 7.22
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)1.5
PEG (5Y)3.36
EPS Next 2Y9.14%
EPS Next 3Y8.03%

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

3

5. ABEV Dividend Analysis

5.1 Amount

  • ABEV has a Yearly Dividend Yield of 1.76%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.70, ABEV has a dividend in line with its industry peers.
  • ABEV's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.76%

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.
  • 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 (3/13/2026, 8:08:27 PM)

After market: 2.8554 0 (-0.16%)

2.86

-0.01 (-0.35%)

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 ChangeN/A
Market Cap44.66B
Revenue(TTM)88.24B
Net Income(TTM)15.50B
Analysts52
Price Target2.71 (-5.24%)
Short Float %3.75%
Short Ratio6.25
Dividend
Industry RankSector Rank
Dividend Yield 1.76%
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)0.9%
EPS NQ rev (3m)0.74%
EPS NY rev (1m)0.52%
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 15.89
Fwd PE 14.4
P/S 2.61
P/FCF 11.61
P/OCF 9.43
P/B 2.62
P/tB 6.53
EV/EBITDA 7.22
EPS(TTM)0.18
EY6.29%
EPS(NY)0.2
Fwd EY6.94%
FCF(TTM)0.25
FCFY8.61%
OCF(TTM)0.3
OCFY10.6%
SpS1.09
BVpS1.09
TBVpS0.44
PEG (NY)1.5
PEG (5Y)3.36
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)16.6%
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%
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%.