AMBEV SA-ADR (ABEV) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:ABEV • US02319V1035

2.94 USD
+0.03 (+1.03%)
At close: Feb 6, 2026
2.95 USD
+0.01 (+0.34%)
After Hours: 2/6/2026, 8:16:34 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall ABEV gets a fundamental rating of 6 out of 10. We evaluated ABEV against 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 correct valuation and a medium growth rate. This makes ABEV very considerable for quality investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • ABEV had positive earnings in the past year.
  • ABEV had a positive operating cash flow in the past year.
  • Each year in the past 5 years ABEV has been profitable.
  • Each year in the past 5 years ABEV had a positive operating cash flow.
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 5B 10B 15B 20B 25B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 10.38%, ABEV belongs to the top 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.
  • Looking at the Return On Invested Capital, with a value of 19.27%, ABEV belongs to the top of the industry, outperforming 93.94% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ABEV is significantly above the industry average of 11.48%.
  • The 3 year average ROIC (17.11%) for ABEV is below the current ROIC(19.27%), indicating increased profibility in the last year.
Industry RankSector 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%
ABEV Yearly ROA, ROE, ROICABEV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • ABEV has a Profit Margin of 16.08%. This is amongst the best in the industry. ABEV outperforms 84.85% of its industry peers.
  • In the last couple of years the Profit Margin of ABEV has declined.
  • ABEV's Operating Margin of 25.18% is amongst the best of the industry. ABEV outperforms 81.82% of its industry peers.
  • In the last couple of years the Operating Margin of ABEV has declined.
  • ABEV has a better Gross Margin (51.50%) than 60.61% of its industry peers.
  • ABEV's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
ABEV Yearly Profit, Operating, Gross MarginsABEV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ABEV is creating some value.
  • ABEV has about the same amout of shares outstanding than it did 1 year ago.
  • ABEV has about the same amout of shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ABEV has an improved debt to assets ratio.
ABEV Yearly Shares OutstandingABEV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 50B 100B 150B

2.2 Solvency

  • An Altman-Z score of 4.70 indicates that ABEV is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 4.70, ABEV belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • ABEV has a debt to FCF ratio of 0.15. This is a very positive value and a sign of high solvency as it would only need 0.15 years to pay back of all of its debts.
  • ABEV's Debt to FCF ratio of 0.15 is amongst the best of the industry. ABEV outperforms 87.88% of its industry peers.
  • A Debt/Equity ratio of 0.02 indicates that ABEV is not too dependend on debt financing.
  • ABEV's Debt to Equity ratio of 0.02 is amongst the best of the industry. ABEV outperforms 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF 0.15
Altman-Z 4.7
ROIC/WACC1.06
WACC18.13%
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 20B 40B 60B 80B

2.3 Liquidity

  • A Current Ratio of 1.11 indicates that ABEV should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.11, ABEV is doing worse than 60.61% of the companies in the same industry.
  • A Quick Ratio of 0.80 indicates that ABEV may have some problems paying its short term obligations.
  • ABEV has a Quick ratio (0.80) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 0.8
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 10B 20B 30B 40B 50B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.30% over the past year.
  • 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.
  • ABEV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 12.18%.
  • Measured over the past years, ABEV shows a quite strong growth in Revenue. The Revenue has been growing by 11.46% on average per year.
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

  • Based on estimates for the next years, ABEV will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.32% on average per year.
  • ABEV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.65% yearly.
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

  • 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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 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 0.5 1

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.33, 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.
  • When comparing the Price/Earnings ratio of ABEV to the average of the S&P500 Index (27.92), we can say ABEV is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 15.17 indicates a correct valuation of ABEV.
  • 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 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.33
Fwd PE 15.17
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 90.91% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, ABEV is valued cheaper than 90.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.15
EV/EBITDA 7.38
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ABEV does not grow enough to justify the current Price/Earnings ratio.
  • The decent profitability rating of ABEV may justify a higher PE ratio.
PEG (NY)1.91
PEG (5Y)4.81
EPS Next 2Y5.65%
EPS Next 3Y6.55%

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

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.82%, ABEV has a reasonable but not impressive dividend return.
  • ABEV's Dividend Yield is comparable with the industry average which is at 1.73.
  • Compared to an average S&P500 Dividend Yield of 1.83, ABEV has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.82%

5.2 History

  • The dividend of ABEV decreases each year by -12.44%.
  • ABEV has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-12.44%
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

  • 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%
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 5B 10B 15B 20B
ABEV Dividend Payout.ABEV Dividend Payout, showing the Payout Ratio.ABEV Dividend Payout.PayoutRetained Earnings

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AMBEV SA-ADR

NYSE:ABEV (2/6/2026, 8:16:34 PM)

After market: 2.95 +0.01 (+0.34%)

2.94

+0.03 (+1.03%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)10-30
Earnings (Next)02-12
Inst Owners8.7%
Inst Owner Change-0.02%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap45.91B
Revenue(TTM)89.45B
Net Income(TTM)14.75B
Analysts53
Price Target2.49 (-15.31%)
Short Float %3.66%
Short Ratio5.21
Dividend
Industry RankSector 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 RankSector Rank
PE 16.33
Fwd PE 15.17
P/S 2.63
P/FCF 11.15
P/OCF 9.19
P/B 2.61
P/tB 6.12
EV/EBITDA 7.38
EPS(TTM)0.18
EY6.12%
EPS(NY)0.19
Fwd EY6.59%
FCF(TTM)0.26
FCFY8.97%
OCF(TTM)0.32
OCFY10.88%
SpS1.12
BVpS1.13
TBVpS0.48
PEG (NY)1.91
PEG (5Y)4.81
Graham Number2.14
Profitability
Industry RankSector 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 RankSector 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 4.7
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%.