Sunday 11 October 2026
Export all ABEV data to Excel Powerpack
Ambev S.A.
ABEV Consumer Defensive Beverages Brewers
Ambev S.A.’s revenue for fiscal 2025 (year ended December 2025) was $15.8 billion, down 4.70% from fiscal 2024. In the quarter to June 2026, revenue grew 3.83%, EPS was flat, free cash flow grew 1,033.0% and total debt rose 6.24%, each against the same quarter a year earlier.
3.19
0.00
0.00%
Follow ABEV
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.13 | 44.07 | 19.60 | 25.89 | 21.41 | 18.97 | 14.39 | 15.33 | 10.88 | 13.72 |
Piotroski F-Score |
6 | 6 | 6 | 5 | 4 | 5 | 5 | 7 | 7 | 7 |
P/S ratio |
6.09 | 6.92 | 4.48 | 5.50 | 4.25 | 3.26 | 2.64 | 2.72 | 1.76 | 2.43 |
Altman Z-Score |
5.65 | 6.26 | 5.06 | 6.54 | 4.18 | 3.86 | 3.78 | 4.00 | 2.99 | 3.94 |
Altman Z″-Score (non-manufacturers) |
2.68 | 2.59 | 3.43 | 5.34 | 3.23 | 3.17 | 3.21 | 3.40 | 3.83 | 3.88 |
P/FCF ratio |
33.26 | 22.44 | 15.59 | 21.42 | 17.39 | 15.32 | 14.78 | 11.50 | 7.30 | 9.92 |
Beneish M-Score |
(2.18) | (3.03) | (2.97) | (2.62) | (3.03) | (2.82) | (2.54) | (2.71) | (2.84) | (2.76) |
P/Operating CF |
36.54 | 37.61 | 23.86 | 29.91 | 28.14 | 20.75 | 17.62 | 15.83 | 11.02 | 29.53 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 27 |
P/B ratio |
5.95 | 6.91 | 3.91 | 4.62 | 3.30 | 2.83 | 2.53 | 2.71 | 1.58 | 2.26 |
Price to Tangible BV |
25.48 | 27.84 | 12.92 | 13.62 | 9.01 | 7.22 | 6.28 | 6.76 | 3.68 | 5.07 |
EV/Sales |
6.02 | 6.75 | 4.30 | 5.33 | 4.00 | 3.04 | 2.49 | 2.56 | 1.45 | 2.23 |
EV/EBITDA |
13.32 | 16.13 | 10.28 | 13.44 | 10.83 | 9.87 | 8.40 | 8.07 | 4.47 | 6.66 |
EV/Operating CF |
22.25 | 18.09 | 12.06 | 15.24 | 12.39 | 9.68 | 9.62 | 8.24 | 4.96 | 7.53 |
EV/FCF |
32.91 | 21.89 | 14.95 | 20.75 | 16.37 | 14.28 | 13.94 | 10.80 | 6.01 | 9.10 |
Quick Ratio |
0.63 | 0.66 | 0.75 | 0.83 | 0.80 | 0.68 | 0.59 | 0.63 | 0.83 | 0.68 |
Current Ratio |
0.83 | 0.86 | 1.02 | 1.10 | 1.06 | 0.99 | 0.93 | 0.89 | 1.10 | 0.96 |
Net Debt/EBITDA |
(0.14) | (0.41) | (0.44) | (0.43) | (0.67) | (0.71) | (0.50) | (0.52) | (0.95) | (0.59) |
Debt/Assets |
6.44% | 2.94% | 2.57% | 3.01% | 3.83% | 2.24% | 2.73% | 2.64% | 2.12% | 2.33% |
Debt/Equity |
0.12 | 0.05 | 0.04 | 0.05 | 0.06 | 0.04 | 0.05 | 0.04 | 0.03 | 0.04 |
Asset Turnover |
0.51 | 0.59 | 0.52 | 0.52 | 0.45 | 0.54 | 0.59 | 0.60 | 0.59 | 0.56 |
Operating CF/Net income |
0.98 | 2.44 | 1.62 | 1.56 | 1.66 | 1.81 | 1.43 | 1.70 | 1.81 | 1.58 |
Capex/Depreciation |
(1.14) | (0.86) | (0.86) | (1.04) | (0.89) | (1.37) | (1.07) | (0.91) | (0.64) | (0.65) |
Interest Coverage |
3.72 | 3.85 | 3.72 | 3.41 | 3.02 | 3.15 | 2.24 | 3.00 | 4.83 | 5.29 |
| 25.03% | 16.17% | 19.60% | 18.89% | 14.51% | 15.58% | 17.66% | 18.05% | 15.51% | 16.16% | |
| 13.95% | 8.96% | 11.39% | 11.58% | 8.82% | 9.40% | 10.69% | 10.90% | 9.44% | 9.90% | |
ROIC |
24.47% | 25.78% | 22.00% | 18.89% | 16.92% | 15.70% | 15.47% | 17.58% | 18.93% | 20.51% |
Return on Tangible Assets |
87.94% | 49.37% | 53.52% | 46.77% | 42.73% | 43.72% | 52.90% | 65.36% | 41.32% | 59.81% |
Average Days of Receivables |
78.37 | 63.36 | 51.07 | 59.47 | 47.46 | 37.10 | 37.56 | 42.01 | 40.20 | 41.26 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
31.09% | 30.35% | 29.53% | 29.14% | 30.09% | 29.99% | 30.07% | 29.39% | 29.50% | 28.49% |
Intangible Assets out of Total Assets |
0.43 | 0.42 | 0.43 | 0.41 | 0.38 | 0.37 | 0.36 | 0.36 | 0.35 | 0.36 |
Share Based Compensation of Revenue |
0.37% | 0.44% | 0.32% | 0.39% | 0.36% | 0.53% | 0.39% | 0.42% | 0.45% | 0.51% |
Graham Net Nets |
(0.05) | (0.04) | (0.05) | (0.04) | (0.06) | (0.07) | (0.08) | (0.07) | (0.06) | (0.03) |
Graham Number |
2.15 | 1.80 | 2.12 | 2.02 | 1.73 | 1.81 | 2.04 | 2.03 | 2.12 | 2.11 |
Earnings Yield |
4.73% | 2.27% | 5.10% | 3.86% | 4.67% | 5.27% | 6.95% | 6.52% | 9.19% | 7.29% |
Free Cash Flow Yield |
3.01% | 4.46% | 6.41% | 4.67% | 5.75% | 6.53% | 6.77% | 8.69% | 13.71% | 10.08% |
Revenue per Share |
0.83 | 0.96 | 0.87 | 0.85 | 0.72 | 0.86 | 0.98 | 1.01 | 1.05 | 1.01 |
Operating CF per Share |
0.23 | 0.36 | 0.31 | 0.30 | 0.23 | 0.27 | 0.25 | 0.31 | 0.31 | 0.28 |
Capex per Share |
(0.07) | (0.06) | (0.06) | (0.08) | (0.06) | (0.09) | (0.08) | (0.07) | (0.05) | (0.05) |
Free Cash Flow per Share |
0.15 | 0.29 | 0.25 | 0.22 | 0.18 | 0.18 | 0.18 | 0.24 | 0.25 | 0.23 |
Cash per Share |
0.15 | 0.21 | 0.20 | 0.19 | 0.24 | 0.23 | 0.19 | 0.21 | 0.37 | 0.24 |
Shareholders Equity per Share |
0.85 | 0.96 | 1.00 | 1.01 | 0.93 | 0.99 | 1.03 | 1.02 | 1.17 | 1.02 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.85 | 0.96 | 1.00 | 1.01 | 0.93 | 0.99 | 1.03 | 1.02 | 1.17 | 1.02 |
Free Cash Flow |
2,392.60 | 4,626.72 | 3,951.50 | 3,421.58 | 2,768.59 | 2,876.95 | 2,758.85 | 3,777.94 | 3,989.86 | 3,586.87 |
Working Capital |
(1,401.05) | (1,243.56) | 137.16 | 661.40 | 361.71 | (44.32) | (527.58) | (889.73) | 883.76 | (308.70) |
Capital Expenditures |
(1,146.54) | (971.45) | (949.01) | (1,236.24) | (889.43) | (1,366.66) | (1,239.52) | (1,171.75) | (848.85) | (792.20) |
Net Current Asset Value |
(3,814.05) | (4,432.12) | (3,077.75) | (2,930.77) | (2,852.34) | (2,957.00) | (3,256.77) | (3,192.26) | (1,626.29) | (2,227.43) |
EV/EBIT |
16.05 | 19.68 | 12.71 | 17.32 | 14.23 | 12.98 | 11.23 | 10.82 | 5.94 | 8.37 |
Capex to Sales |
0.09 | 0.06 | 0.07 | 0.09 | 0.08 | 0.10 | 0.08 | 0.07 | 0.05 | 0.05 |
Price to Operating Income |
16.23 | 20.18 | 13.26 | 17.88 | 15.12 | 13.92 | 11.90 | 11.52 | 7.20 | 9.12 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.18 | 0.19 | 0.20 | 0.21 | 0.21 | 0.18 | 0.20 | 0.24 | 0.24 | 0.25 |
Cash ROIC |
13.82% | 24.12% | 20.15% | 17.38% | 14.38% | 14.61% | 13.86% | 18.79% | 16.05% | 17.68% |
Accounts Receivable Turnover |
5.17 | 5.54 | 6.07 | 6.51 | 6.22 | 9.49 | 10.43 | 9.32 | 9.05 | 8.75 |
Accounts Payable Turnover |
1.42 | 1.66 | 1.40 | 1.43 | 1.39 | 1.57 | 1.67 | 1.68 | 1.73 | 1.72 |
Inventory Turnover |
3.72 | 4.35 | 3.73 | 3.67 | 3.51 | 3.76 | 3.45 | 3.55 | 3.95 | 3.79 |
Average Days of Payables |
237.87 | 239.82 | 266.13 | 253.73 | 260.80 | 256.69 | 219.68 | 215.47 | 211.09 | 202.18 |
Days of Inventory on Hand |
95.14 | 87.38 | 102.32 | 100.66 | 102.57 | 112.60 | 116.69 | 89.36 | 97.83 | 89.58 |
Average Receivables |
2,527.19 | 2,705.79 | 2,263.62 | 2,047.20 | 1,822.02 | 1,422.25 | 1,480.42 | 1,713.52 | 1,832.40 | 1,806.56 |
Average Payables |
3,364.46 | 3,414.38 | 3,778.38 | 3,831.36 | 3,785.22 | 4,199.37 | 4,679.68 | 4,679.21 | 4,661.21 | 4,464.39 |
Average Inventory |
1,285.38 | 1,299.51 | 1,415.32 | 1,496.45 | 1,495.26 | 1,756.95 | 2,270.77 | 2,214.94 | 2,046.99 | 2,025.72 |
Average Assets |
25,784.08 | 25,619.68 | 26,477.46 | 25,767.28 | 25,034.87 | 24,985.56 | 26,202.75 | 26,645.56 | 28,348.85 | 28,057.08 |
Average Common Equity |
14,370.91 | 14,201.57 | 15,386.59 | 15,798.33 | 15,215.51 | 15,073.90 | 15,854.53 | 16,096.70 | 17,257.51 | 17,180.90 |
Columns are period end dates