AMBEV SA-ADR (ABEV) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:ABEV • US02319V1035
2.9 USD
0 (0%)
At close: Feb 4, 2026
2.9101 USD
+0.01 (+0.35%)
After Hours: 2/4/2026, 8:04:00 PM
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 decent growth rate and is not valued too expensively. With these ratings, ABEV could be worth investigating further for quality investing!.
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.
- 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.
1.2 Ratios
- With an excellent Return On Assets value of 10.38%, ABEV belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
- ABEV has a Return On Equity (15.95%) which is comparable to the rest of the industry.
- ABEV's Return On Invested Capital of 19.27% is amongst the best of the industry. ABEV outperforms 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 11.45%.
- The 3 year average ROIC (17.11%) for ABEV is below the current ROIC(19.27%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.38% | ||
| ROE | 15.95% | ||
| ROIC | 19.27% |
ROA(3y)10.1%
ROA(5y)9.71%
ROE(3y)16.88%
ROE(5y)16.28%
ROIC(3y)17.11%
ROIC(5y)16.49%
1.3 Margins
- ABEV has a better Profit Margin (16.08%) than 84.85% of its industry peers.
- ABEV's Profit Margin has declined in the last couple of years.
- The Operating Margin of ABEV (25.18%) is better than 81.82% of its industry peers.
- In the last couple of years the Operating Margin of ABEV has declined.
- The Gross Margin of ABEV (51.50%) is better than 60.61% of its industry peers.
- ABEV's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.18% | ||
| PM (TTM) | 16.08% | ||
| GM | 51.5% |
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%
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.
- The number of shares outstanding for ABEV remains at a similar level compared to 1 year ago.
- The number of shares outstanding for ABEV remains at a similar level compared to 5 years ago.
- Compared to 1 year ago, ABEV has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 4.67 indicates that ABEV is not in any danger for bankruptcy at the moment.
- The Altman-Z score of ABEV (4.67) is better than 81.82% of its industry peers.
- The Debt to FCF ratio of ABEV is 0.15, which is an excellent value as it means it would take ABEV, only 0.15 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 0.15, ABEV belongs to the top of the industry, outperforming 87.88% of the companies in the same industry.
- A Debt/Equity ratio of 0.02 indicates that ABEV is not too dependend on debt financing.
- ABEV has a Debt to Equity ratio of 0.02. This is amongst the best in the industry. ABEV outperforms 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.15 | ||
| Altman-Z | 4.67 |
ROIC/WACC1.06
WACC18.13%
2.3 Liquidity
- ABEV has a Current Ratio of 1.11. This is a normal value and indicates that ABEV is financially healthy and should not expect problems in meeting its short term obligations.
- ABEV's Current ratio of 1.11 is on the low side compared to the rest of the industry. ABEV is outperformed by 60.61% of its industry peers.
- ABEV has a Quick Ratio of 1.11. 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 of 0.80. This is comparable to the rest of the industry: ABEV outperforms 51.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
- ABEV shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.30%.
- Measured over the past 5 years, ABEV shows a small growth in Earnings Per Share. The EPS has been growing by 3.40% on average per year.
- The Revenue has grown by 12.18% in the past year. This is quite good.
- The Revenue has been growing by 11.46% on average over the past years. This is quite good.
EPS 1Y (TTM)7.3%
EPS 3Y3.53%
EPS 5Y3.4%
EPS Q2Q%9.09%
Revenue 1Y (TTM)12.18%
Revenue growth 3Y7.08%
Revenue growth 5Y11.46%
Sales Q2Q%-5.65%
3.2 Future
- The Earnings Per Share is expected to grow by 10.32% on average over the next years. This is quite good.
- The Revenue is expected to grow by 5.65% on average over the next years.
EPS Next Y8.56%
EPS Next 2Y5.65%
EPS Next 3Y6.55%
EPS Next 5Y10.32%
Revenue Next Year3.04%
Revenue Next 2Y3.71%
Revenue Next 3Y4.26%
Revenue Next 5Y5.65%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 16.11, ABEV is valued correctly.
- Based on the Price/Earnings ratio, ABEV is valued a bit cheaper than 69.70% of the companies in the same industry.
- ABEV's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.25.
- Based on the Price/Forward Earnings ratio of 14.87, the valuation of ABEV can be described as correct.
- 69.70% of the companies in the same industry are more expensive than ABEV, based on the Price/Forward Earnings ratio.
- The average S&P500 Price/Forward Earnings ratio is at 27.50. ABEV is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.11 | ||
| Fwd PE | 14.87 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ABEV is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, ABEV is valued cheaply inside the industry as 90.91% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.93 | ||
| EV/EBITDA | 7.31 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of ABEV may justify a higher PE ratio.
PEG (NY)1.88
PEG (5Y)4.74
EPS Next 2Y5.65%
EPS Next 3Y6.55%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.82%, ABEV has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.74, 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 Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
5.2 History
- The dividend of ABEV decreases each year by -12.44%.
- ABEV has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-12.44%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 85.75% of the earnings are spent on dividend by ABEV. This is not a sustainable payout ratio.
DP85.75%
EPS Next 2Y5.65%
EPS Next 3Y6.55%
2.9
0 (0%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-30 2025-10-30/bmo
Earnings (Next)02-12 2026-02-12/bmo
Inst Owners8.7%
Inst Owner Change-0.02%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap45.29B
Revenue(TTM)89.45B
Net Income(TTM)14.75B
Analysts53
Price Target2.49 (-14.14%)
Short Float %3.66%
Short Ratio5.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
Yearly Dividend0.05
Dividend Growth(5Y)-12.44%
DP85.75%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.95%
Min EPS beat(2)-9.56%
Max EPS beat(2)-4.34%
EPS beat(4)1
Avg EPS beat(4)-3.44%
Min EPS beat(4)-9.56%
Max EPS beat(4)7.94%
EPS beat(8)3
Avg EPS beat(8)-0.99%
EPS beat(12)6
Avg EPS beat(12)3.27%
EPS beat(16)9
Avg EPS beat(16)7.96%
Revenue beat(2)0
Avg Revenue beat(2)-6%
Min Revenue beat(2)-8.64%
Max Revenue beat(2)-3.37%
Revenue beat(4)1
Avg Revenue beat(4)-3.56%
Min Revenue beat(4)-8.64%
Max Revenue beat(4)1.61%
Revenue beat(8)2
Avg Revenue beat(8)-4.62%
Revenue beat(12)2
Avg Revenue beat(12)-4.37%
Revenue beat(16)5
Avg Revenue beat(16)-2.84%
PT rev (1m)0%
PT rev (3m)-1.23%
EPS NQ rev (1m)-0.15%
EPS NQ rev (3m)-0.15%
EPS NY rev (1m)2.04%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.11 | ||
| Fwd PE | 14.87 | ||
| P/S | 2.58 | ||
| P/FCF | 10.93 | ||
| P/OCF | 9.01 | ||
| P/B | 2.56 | ||
| P/tB | 6 | ||
| EV/EBITDA | 7.31 |
EPS(TTM)0.18
EY6.21%
EPS(NY)0.2
Fwd EY6.73%
FCF(TTM)0.27
FCFY9.15%
OCF(TTM)0.32
OCFY11.1%
SpS1.12
BVpS1.13
TBVpS0.48
PEG (NY)1.88
PEG (5Y)4.74
Graham Number2.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.38% | ||
| ROE | 15.95% | ||
| ROCE | 21.93% | ||
| ROIC | 19.27% | ||
| ROICexc | 23.11% | ||
| ROICexgc | 58.42% | ||
| OM | 25.18% | ||
| PM (TTM) | 16.08% | ||
| GM | 51.5% | ||
| FCFM | 23.61% |
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 Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 0.15 | ||
| Debt/EBITDA | 0.07 | ||
| Cap/Depr | 64.28% | ||
| Cap/Sales | 5.04% | ||
| Interest Coverage | 27.15 | ||
| Cash Conversion | 86.78% | ||
| Profit Quality | 146.79% | ||
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 4.67 |
F-Score8
WACC18.13%
ROIC/WACC1.06
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)7.3%
EPS 3Y3.53%
EPS 5Y3.4%
EPS Q2Q%9.09%
EPS Next Y8.56%
EPS Next 2Y5.65%
EPS Next 3Y6.55%
EPS Next 5Y10.32%
Revenue 1Y (TTM)12.18%
Revenue growth 3Y7.08%
Revenue growth 5Y11.46%
Sales Q2Q%-5.65%
Revenue Next Year3.04%
Revenue Next 2Y3.71%
Revenue Next 3Y4.26%
Revenue Next 5Y5.65%
EBIT growth 1Y18.16%
EBIT growth 3Y7.82%
EBIT growth 5Y5.86%
EBIT Next Year38.94%
EBIT Next 3Y15.01%
EBIT Next 5Y12.21%
FCF growth 1Y50.18%
FCF growth 3Y11.93%
FCF growth 5Y9.91%
OCF growth 1Y26.58%
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 85.75%.