| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 2 | — | 1 | — | 1 | — | — |
| total | individual payouts | |
|---|---|---|
| 2026 | 0.02 |
—
—
|
| 2025 | 0.14 |
—
—
—
—
|
| 2024 | 0.11 |
—
|
| 2023 | 0.15 |
—
|
| 2022 | 0.14 |
—
|
| 2021 | 0.10 |
—
—
|
| 2020 | 0.08 |
—
|
| 2018 | 0.15 |
—
—
—
|
| 2017 | 0.02 |
—
—
—
|
| 2016 | 0.12 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 3,347.85 | 5,757.84 | 3,777.06 | 3,755.69 |
| Receivables | 1,838.19 | 1,826.60 | 1,786.52 | 1,632.02 |
| Inventory | 1,926.69 | 2,167.29 | 1,884.15 | 2,061.34 |
| Other | 210.86 | 288.80 | 342.44 | 486.27 |
| 7,323.59 | 10,040.52 | 7,858.12 | 8,009.93 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 4,645.98 | 4,676.44 | 4,252.34 | 4,101.52 |
| ST’ Debt | 260.01 | 236.64 | 209.06 | 212.47 |
| Other | 1,363.26 | 2,321.02 | 1,978.70 | 2,105.89 |
| 8,213.32 | 9,156.76 | 8,166.82 | 7,841.18 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 4,266.01 | 3,987.47 | — | — |
—
|
| ’25 | 3,840.31 | 3,545.92 | 3,827.56 | — |
15,804.23
|
| ’24 | 4,093.78 | 3,840.47 | 3,984.04 | 4,666.23 |
16,584.53
|
| ’23 | 3,952.35 | 3,817.42 | 4,161.08 | 4,040.46 |
15,971.30
|
| ’22 | 3,529.26 | 3,655.37 | 3,928.11 | 4,326.85 |
15,439.59
|
| ’21 | 3,045.08 | 2,192.97 | 3,539.48 | 4,722.37 |
13,499.90
|
| ’20 | 2,846.93 | 2,166.25 | 2,904.00 | 3,408.35 |
11,325.53
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 600.25 | 957.68 | — | — |
—
|
| ’25 | 205.52 | 545.31 | 1,305.18 | — |
4,379.07
|
| ’24 | 145.00 | 636.02 | 1,415.89 | 2,641.81 |
4,838.72
|
| ’23 | (110.94) | 684.50 | 1,630.58 | 2,745.55 |
4,949.69
|
| ’22 | 99.49 | 453.62 | 1,131.92 | 2,313.34 |
3,998.38
|
| ’21 | 519.15 | 119.52 | 1,481.18 | 2,123.76 |
4,243.61
|
| ’20 | 348.81 | 282.08 | 1,316.12 | 1,711.01 |
3,658.03
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 517.99 | 788.88 | — | — |
—
|
| ’25 | 69.63 | 354.74 | 1,107.44 | — |
3,586.87
|
| ’24 | (52.79) | 459.62 | 1,228.90 | 2,354.14 |
3,989.86
|
| ’23 | (328.31) | 419.01 | 1,366.41 | 2,320.83 |
3,777.94
|
| ’22 | (63.43) | 91.59 | 817.42 | 1,913.26 |
2,758.85
|
| ’21 | 283.52 | (42.54) | 1,002.45 | 1,633.52 |
2,876.95
|
| ’20 | 51.51 | 186.54 | 1,102.97 | 1,427.58 |
2,768.59
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.05 | 0.04 | — | — |
—
|
| ’25 | 0.04 | 0.03 | 0.06 | — |
0.18
|
| ’24 | 0.05 | 0.03 | 0.04 | 0.05 |
0.17
|
| ’23 | 0.04 | 0.03 | 0.05 | 0.06 |
0.18
|
| ’22 | 0.04 | 0.04 | 0.04 | 0.06 |
0.18
|
| ’21 | 0.03 | 0.03 | 0.04 | 0.04 |
0.15
|
| ’20 | 0.02 | 0.01 | 0.03 | 0.08 |
0.14
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡ | 2.42 | 2.40 | 1.82 | 1.76 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.32 | 3.23 | 2.82 | 2.64 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47,108 | 42,774 | 42,167 | 39,606 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.33 | 0.37 | 0.39 | 0.40 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15,439.59 | 15,971.30 | 16,584.53 | 15,804.23 | — | — | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 49.29% | 50.72% | 51.24% | 51.42% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,757.44 | 3,011.69 | 3,612.95 | 3,478.43 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.86% | 18.86% | 21.79% | 22.01% | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,884.43 | 2,996.57 | 2,752.62 | 2,863.52 | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,153.74 | 1,285.51 | 1,321.24 | 1,223.63 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.98 | 1.01 | 1.05 | 1.01 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.18 | 0.18 | 0.17 | 0.18 | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.25 | 0.31 | 0.31 | 0.28 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.08) | (0.07) | (0.05) | (0.05) | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.18 | 0.24 | 0.25 | 0.23 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.03 | 1.02 | 1.17 | 1.02 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15,741.90 | 15,744.80 | 15,734.50 | 15,617.50 | — | — | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 14.39 | 15.33 | 10.88 | 13.72 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.64 | 2.72 | 1.76 | 2.43 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.53 | 2.71 | 1.58 | 2.26 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.49 | 2.56 | 1.45 | 2.23 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.94 | 10.80 | 6.01 | 9.10 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,998.38 | 4,949.69 | 4,838.72 | 4,379.07 | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,239.52) | (1,171.75) | (848.85) | (792.20) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,758.85 | 3,777.94 | 3,989.86 | 3,586.87 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (527.58) | (889.73) | 883.76 | (308.70) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 730.38 | 701.27 | 640.13 | 606.59 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2,301.64) | (2,646.58) | (5,117.71) | (3,170.46) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16,140.59 | 16,052.80 | 18,462.22 | 15,899.57 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.69% | 10.90% | 9.44% | 9.90% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.47% | 17.58% | 18.93% | 20.51% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.66% | 18.05% | 15.51% | 16.16% | — | — | — |
ROE
|
Ambev S.A. (ABEV), Latin America’s beer powerhouse and Anheuser-Busch InBev subsidiary, has weathered Brazil’s brutal headwinds—from recessions and COVID lockdowns to inflation and currency woes—emerging leaner and meaner. Revenue plunged to $11.33 billion in 2020 but roared back 46% to a record $16.58 billion by 2024, fueled by premium brand gains and ruthless efficiency: revenue per employee surged 60% to $393,306 amid a 21% headcount cut. Free cash flow hit $3.99 billion, the highest since 2017, backed by a fortress balance sheet with negative net debt of -$5.12 billion.
Yet profitability shows scars—gross margins down to 51.2%, net income dipping to $2.75 billion in 2024—while ROE holds at a solid 15.5% and ROIC climbs to 18.9%. The real shocker: multiples have cratered to PE 10.9x, PS 1.8x, and EV/FCF 6x, decoupling wildly from fundamentals as the stock languishes near multi-year lows, hammered by Brazil risk and ABI overhang, despite 67% FCF growth from pandemic troughs.
Consensus analysts stay neutral with modest price targets, but this “FCF machine” at bargain-basement prices screams undervaluation for contrarians betting on LatAm rebound. Catalysts like ABI spin-off rumors or fiscal reforms could ignite a re-rating, though weather, taxes, and BRL weakness lurk—making Ambev a high-conviction “show-me” play worth watching closely.
Keep track of companies that you follow and research.
Full access to our data with predictions and indicators that we calculate daily.
Full access to our screener with tons of custom values and customizable email notifications.
Excel export of financials and screeners you define and save.