AMBEV SA-ADR (ABEV) Fundamental Analysis & Valuation

NYSE:ABEV • US02319V1035

Current stock price

2.855 USD
-0.06 (-1.89%)
Last:

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

  • In the past year ABEV was profitable.
  • 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

  • Looking at the Return On Assets, with a value of 10.69%, ABEV belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
  • With a decent Return On Equity value of 17.63%, ABEV is doing good in the industry, outperforming 60.61% of the companies in the same industry.
  • ABEV has a Return On Invested Capital of 18.02%. 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 11.83%.
  • The last Return On Invested Capital (18.02%) for ABEV is above the 3 year average (16.51%), 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)16.51%
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

  • The Profit Margin of ABEV (17.57%) is better than 81.82% of its industry peers.
  • ABEV's Profit Margin has declined in the last couple of years.
  • The Operating Margin of ABEV (25.64%) is better than 81.82% of its industry peers.
  • 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.
  • In the last couple of years the Gross Margin of ABEV has remained more or less at the same level.
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) below the Cost of Capital (WACC), ABEV is destroying value.
  • Compared to 1 year ago, ABEV has less shares outstanding
  • Compared to 5 years ago, ABEV has less shares outstanding
  • The debt/assets ratio for ABEV is higher compared to a year ago.
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 4.04 indicates that ABEV is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of ABEV (4.04) is better than 81.82% 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.
  • With an excellent Debt to FCF ratio value of 0.17, ABEV belongs to the best of the industry, outperforming 87.88% of the companies in the same industry.
  • ABEV has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • With an excellent Debt to Equity ratio value of 0.03, ABEV belongs to the best 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 4.04
ROIC/WACC0.96
WACC18.81%
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.
  • The Current ratio of ABEV (0.96) is worse than 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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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%.
  • 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.
  • Looking at the last year, ABEV shows a decrease in Revenue. The Revenue has decreased by -1.35% in the last 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 10.43% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.19% on average over the next years.
EPS Next Y11.51%
EPS Next 2Y9.6%
EPS Next 3Y8.72%
EPS Next 5Y10.43%
Revenue Next Year4.19%
Revenue Next 2Y4.77%
Revenue Next 3Y4.85%
Revenue Next 5Y5.19%

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 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

  • A Price/Earnings ratio of 15.03 indicates a correct valuation of ABEV.
  • 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.
  • The average S&P500 Price/Earnings ratio is at 26.91. ABEV is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 13.80, the valuation of ABEV can be described as correct.
  • Based on the Price/Forward Earnings ratio, ABEV is valued a bit cheaper than the industry average as 78.79% of the companies are valued more expensively.
  • ABEV's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 21.99.
Industry RankSector Rank
PE 15.03
Fwd PE 13.8
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ABEV indicates a rather cheap valuation: ABEV is cheaper than 90.91% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ABEV is valued cheaply inside the industry as 93.94% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.21
EV/EBITDA 7.08
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.
  • ABEV has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.31
PEG (5Y)3.17
EPS Next 2Y9.6%
EPS Next 3Y8.72%

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3

5. ABEV Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.25%, ABEV has a reasonable but not impressive dividend return.
  • 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 slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.25%

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.
  • The dividend of ABEV decreased recently.
Dividend Growth(5Y)24.56%
Div Incr Years1
Div Non Decr Years1
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 2Y9.6%
EPS Next 3Y8.72%
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 (4/29/2026, 10:03:05 AM)

2.855

-0.06 (-1.89%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-12
Earnings (Next)05-05
Inst Owners10%
Inst Owner Change0.47%
Ins OwnersN/A
Ins Owner Change3.81%
Market Cap44.53B
Revenue(TTM)88.24B
Net Income(TTM)15.50B
Analysts52
Price Target3 (5.08%)
Short Float %3.8%
Short Ratio6.66
Dividend
Industry RankSector Rank
Dividend Yield 1.25%
Yearly Dividend0.26
Dividend Growth(5Y)24.56%
DP131.99%
Div Incr Years1
Div Non Decr Years1
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)10.93%
PT rev (3m)20.66%
EPS NQ rev (1m)-2.88%
EPS NQ rev (3m)-0.97%
EPS NY rev (1m)0.98%
EPS NY rev (3m)1.51%
Revenue NQ rev (1m)-0.17%
Revenue NQ rev (3m)0.5%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)-1.49%
Valuation
Industry RankSector Rank
PE 15.03
Fwd PE 13.8
P/S 2.52
P/FCF 11.21
P/OCF 9.11
P/B 2.53
P/tB 6.3
EV/EBITDA 7.08
EPS(TTM)0.19
EY6.65%
EPS(NY)0.21
Fwd EY7.25%
FCF(TTM)0.25
FCFY8.92%
OCF(TTM)0.31
OCFY10.98%
SpS1.13
BVpS1.13
TBVpS0.45
PEG (NY)1.31
PEG (5Y)3.17
Graham Number2.19493 (-23.12%)
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 4.04
F-Score7
WACC18.81%
ROIC/WACC0.96
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 Y11.51%
EPS Next 2Y9.6%
EPS Next 3Y8.72%
EPS Next 5Y10.43%
Revenue 1Y (TTM)-1.35%
Revenue growth 3Y3.45%
Revenue growth 5Y8.61%
Sales Q2Q%-8.24%
Revenue Next Year4.19%
Revenue Next 2Y4.77%
Revenue Next 3Y4.85%
Revenue Next 5Y5.19%
EBIT growth 1Y3.28%
EBIT growth 3Y8.2%
EBIT growth 5Y6.58%
EBIT Next Year35.81%
EBIT Next 3Y14.85%
EBIT Next 5Y9.65%
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 15.03 and the Price/Book (PB) ratio is 2.53.


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 11.51% in the next year.