AMBEV SA-ADR (ABEV) Stock Fundamental Analysis
NYSE:ABEV • US02319V1035
3.08 USD
-0.08 (-2.53%)
At close: Mar 2, 2026
2.9201 USD
-0.16 (-5.19%)
Pre-Market: 3/3/2026, 8:44:08 AM
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. ABEV has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ABEV is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year ABEV was profitable.
- In the past year ABEV had a positive cash flow from operations.
- In the past 5 years ABEV has always been profitable.
- ABEV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- ABEV has a Return On Assets of 10.69%. This is amongst the best in the industry. ABEV outperforms 81.82% of its industry peers.
- With a decent Return On Equity value of 17.63%, ABEV is doing good in the industry, outperforming 63.64% of the companies in the same industry.
- ABEV has a Return On Invested Capital of 18.06%. This is amongst the best in 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 11.66%.
- The 3 year average ROIC (16.62%) for ABEV is below the current ROIC(18.06%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- ABEV has a better Profit Margin (17.57%) than 84.85% of its industry peers.
- ABEV's Profit Margin has declined in the last couple of years.
- ABEV has a better Operating Margin (25.70%) than 81.82% of its industry peers.
- In the last couple of years the Operating Margin of ABEV has declined.
- ABEV's Gross Margin of 51.42% 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 remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
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.
- Compared to 1 year ago, ABEV has less shares outstanding
- 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.
2.2 Solvency
- ABEV has an Altman-Z score of 4.29. This indicates that ABEV is financially healthy and has little risk of bankruptcy at the moment.
- ABEV's Altman-Z score of 4.29 is amongst the best of 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's Debt to FCF ratio of 0.17 is amongst the best of the industry. ABEV outperforms 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.17 | ||
| Altman-Z | 4.29 |
ROIC/WACC1
WACC17.98%
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: 66.67% 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.
- ABEV has a Quick ratio (0.73) which is comparable to the rest of the 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.73 |
3. Growth
3.1 Past
- ABEV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.65%.
- ABEV shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.73% yearly.
- The Revenue has decreased by -1.35% in the past year.
- The Revenue has been growing by 8.61% on average over the past years. This is quite good.
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 11.44% on average per year.
- 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
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 17.11, the valuation of ABEV can be described as rather expensive.
- Based on the Price/Earnings ratio, ABEV is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
- ABEV is valuated rather cheaply when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
- ABEV is valuated correctly with a Price/Forward Earnings ratio of 15.75.
- Based on the Price/Forward Earnings ratio, ABEV is valued a bit cheaper than the industry average as 69.70% of the companies are valued more expensively.
- ABEV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.11 | ||
| Fwd PE | 15.75 |
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 87.88% of the companies listed in the same industry.
- ABEV's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ABEV is cheaper than 87.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.61 | ||
| EV/EBITDA | 7.86 |
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 an outstanding profitability rating, which 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)1.74
PEG (5Y)3.61
EPS Next 2Y9.08%
EPS Next 3Y12.71%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.23%, ABEV is a good candidate for dividend investing.
- 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.
- ABEV's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.23% |
5.2 History
- The dividend of ABEV is nicely growing with an annual growth rate of 24.56%!
- 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
5.3 Sustainability
- ABEV pays out 131.99% of its income as dividend. 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%
3.08
-0.08 (-2.53%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)02-12 2026-02-12/bmo
Earnings (Next)05-05 2026-05-05
Inst Owners8.7%
Inst Owner Change-11.48%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap48.10B
Revenue(TTM)88.24B
Net Income(TTM)15.50B
Analysts51
Price Target2.71 (-12.01%)
Short Float %3.75%
Short Ratio6.25
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.11 | ||
| Fwd PE | 15.75 | ||
| P/S | 2.84 | ||
| P/FCF | 12.61 | ||
| P/OCF | 10.24 | ||
| P/B | 2.85 | ||
| P/tB | 7.09 | ||
| EV/EBITDA | 7.86 |
EPS(TTM)0.18
EY5.84%
EPS(NY)0.2
Fwd EY6.35%
FCF(TTM)0.24
FCFY7.93%
OCF(TTM)0.3
OCFY9.76%
SpS1.09
BVpS1.08
TBVpS0.43
PEG (NY)1.74
PEG (5Y)3.61
Graham Number2.09
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 4.29 |
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%.