ABEV

Ambev S.A.

Fundamental data last updated:June 28, 2026

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company profile

SECTOR

Consumer Defensive

industry

Beverages - Alcoholic

Exchange

NYSE

County of HQ

BR

Next Earnings Date

07/30/2026

Business Summary

Ambev S.A., operating through its various subsidiaries, is a prominent player in the beverage and food industry across the Americas. The company is engaged in the manufacturing, marketing, and distribution of a diverse portfolio of products, including various types of beer (both packaged and on tap), carbonated soft drinks, other non-alcoholic beverages, malt, and food items. Its extensive operations are structured into four primary geographical divisions: Brazil; Central America and the Caribbean; Latin America South; and Canada. Ambev's vast selection of beer labels features widely recognized names such as Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe, Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee. Beyond alcoholic offerings, the company also provides a comprehensive range of non-alcoholic drinks. These include bottled water, isotonic and energy beverages, coconut water, powdered and natural fruit juices, and ready-to-drink teas. These products are sold under popular brands like Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi, Canada Dry, Squirt, Red Rock, Pepsi-Cola, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike's. Products are made available to consumers through a multifaceted distribution approach, combining its own direct distribution network with a system that leverages third-party distributors. Ambev S.A. was founded in 1885 and maintains its corporate headquarters in São Paulo, Brazil. It operates as a subsidiary of Interbrew International B.V.

 


VALUATION

P/E

3.14

Market Cap ($M USD)

$48.82B

Forward P/E

1.84

PEG

0.03

PRICE TO SALES

2.89

PRICE TO BOOK

2.84

EV / EBITDA

8.52

5-Year Average P/E

Free Cash Flow Yield

8.68%

DCF Value

$6.52

Graham Number

$11.39

Price to FCF

11.53

EV to FCF

10.85

Earnings Yield

6.10%

FCF Yield

8.68%

DIVIDEND

Yield

9.87%

Annual Payout

$1.62

Payout Ratio

88.93%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.00

Next Year EPS Growth Estimate

$1.70

Next Year Revenue Growth Estimate

$11.93T

Return on Equity (ROE)

17.19%

FREE CASH FLOW

Operating Margin

25.31%

Debt-to-Equity

0.06

Piotroski F-Score

8

Altman Z-Score

4.11

Return on Invested Capital (ROIC)

21.48%

Current Ratio

1.03

Quick Ratio

0.78

Net Debt to EBITDA

-0.53

Interest Coverage

22.84

Gross Profit margin

49.69%

FCF PER SHARE

$1.42

REVENUE PER SHARE

$5.65

Gainseekers Quantitative Analysis

Summary

Ambev S.A. appears to be a compelling deep value opportunity. Recent pricing indicated it traded significantly below its DCF Value and Graham Number, suggesting a market mispricing. With a Forward P/E of 1.94 and an Earnings Yield of 6.11%, the stock is priced attractively for growth. The Altman Z-score of 4.09 underscores its financial stability, signaling low bankruptcy risk. This combination of undervaluation and safety makes it a standout in the consumer defensive sector.

AI Exposure / Tech Reliance

Operating in the alcoholic beverages industry, Ambev is somewhat insulated from rapid AI and tech disruptions. Its core business relies on brand strength and distribution networks rather than tech innovation. However, leveraging AI for supply chain efficiencies could enhance its operational resilience.

The Bull Case

For value and GARP investors, Ambev's allure lies in its robust ROIC of 21.48% and a strong Piotroski F-Score of 8, indicating operational efficiency and financial health. The Free Cash Flow Yield of 8.70% highlights its ability to generate cash, while an operating margin of 25.31% reflects solid pricing power. These metrics paint a picture of a company with efficient capital allocation and a strong competitive position.

The Bear Case

Despite its strengths, Ambev faces structural risks. Its Price/Book and Price/Sales ratios, both hovering around 2.8, suggest a premium valuation relative to its book and sales. The stock's proximity to its 52-week high, just 4.86% away, indicates potential technical overextension. Additionally, the high payout ratio of 88.93% raises concerns about dividend sustainability if earnings falter.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$3.20

Institutional Ownership %

1-Year Beta

0.27

Insider Buying % (6 Mo)

Distance to 52-Week High

10.22%

Distance to 52-Week Low

32.91%

EARNINGS SURPRISE %

0.00%

50-DAY SMA

$3.13

200-DAY SMA

$2.73

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.