ABEV3 Stock Overview
Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas.
Price History & Performance
|Historical stock prices|
|Current Share Price||R$13.61|
|52 Week High||R$18.17|
|52 Week Low||R$12.81|
|1 Month Change||-3.41%|
|3 Month Change||-11.62%|
|1 Year Change||-20.27%|
|3 Year Change||-27.88%|
|5 Year Change||-25.30%|
|Change since IPO||-21.78%|
Recent News & Updates
Is Ambev (BVMF:ABEV3) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
|ABEV3||BR Beverage||BR Market|
Return vs Industry: ABEV3 underperformed the BR Beverage industry which returned -14% over the past year.
Return vs Market: ABEV3 exceeded the BR Market which returned -29% over the past year.
|ABEV3 Average Weekly Movement||3.0%|
|Beverage Industry Average Movement||4.2%|
|Market Average Movement||5.8%|
|10% most volatile stocks in BR Market||9.2%|
|10% least volatile stocks in BR Market||2.9%|
Stable Share Price: ABEV3 is less volatile than 75% of BR stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ABEV3's weekly volatility (3%) has been stable over the past year.
About the Company
Ambev S.A., through its subsidiaries, produces, distributes, and sells beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products in the Americas. The company operates through four segments: Brazil; Central America and the Caribbean; Latin America South; and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, and Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.
Ambev Fundamentals Summary
|ABEV3 fundamental statistics|
Is ABEV3 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ABEV3 income statement (TTM)|
|Cost of Revenue||R$37.13b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Jul 28, 2022
|Earnings per share (EPS)||0.85|
|Net Profit Margin||18.03%|
How did ABEV3 perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Is ABEV3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ABEV3?
Other financial metrics that can be useful for relative valuation.
|What is ABEV3's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ABEV3's PE Ratio compare to its peers?
|ABEV3 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
1876 Budweiser Brewing Company APAC
291 China Resources Beer (Holdings)
Price-To-Earnings vs Peers: ABEV3 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (22.5x).
Price to Earnings Ratio vs Industry
How does ABEV3's PE Ratio compare vs other companies in the Global Beverage Industry?
Price-To-Earnings vs Industry: ABEV3 is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the South American Beverage industry average (12.9x)
Price to Earnings Ratio vs Fair Ratio
What is ABEV3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||15.9x|
|Fair PE Ratio||16.1x|
Price-To-Earnings vs Fair Ratio: ABEV3 is good value based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.1x).
Share Price vs Fair Value
What is the Fair Price of ABEV3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ABEV3 (R$13.61) is trading below our estimate of fair value (R$15.75)
Significantly Below Fair Value: ABEV3 is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: ABEV3 is poor value based on its PEG Ratio (1.3x)
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How is Ambev forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABEV3's forecast earnings growth (12.2% per year) is above the savings rate (9.1%).
Earnings vs Market: ABEV3's earnings (12.2% per year) are forecast to grow faster than the BR market (6.2% per year).
High Growth Earnings: ABEV3's earnings are forecast to grow, but not significantly.
Revenue vs Market: ABEV3's revenue (5.3% per year) is forecast to grow slower than the BR market (5.5% per year).
High Growth Revenue: ABEV3's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ABEV3's Return on Equity is forecast to be low in 3 years time (18.9%).
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How has Ambev performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABEV3 has high quality earnings.
Growing Profit Margin: ABEV3's current net profit margins (18%) are lower than last year (20.7%).
Past Earnings Growth Analysis
Earnings Trend: ABEV3's earnings have grown by 7.6% per year over the past 5 years.
Accelerating Growth: ABEV3's earnings growth over the past year (4.2%) is below its 5-year average (7.6% per year).
Earnings vs Industry: ABEV3 earnings growth over the past year (4.2%) underperformed the Beverage industry 24.8%.
Return on Equity
High ROE: ABEV3's Return on Equity (17.4%) is considered low.
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How is Ambev's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ABEV3's short term assets (R$34.5B) exceed its short term liabilities (R$33.2B).
Long Term Liabilities: ABEV3's short term assets (R$34.5B) exceed its long term liabilities (R$14.0B).
Debt to Equity History and Analysis
Debt Level: ABEV3 has more cash than its total debt.
Reducing Debt: ABEV3's debt to equity ratio has reduced from 10.5% to 0.7% over the past 5 years.
Debt Coverage: ABEV3's debt is well covered by operating cash flow (3906.4%).
Interest Coverage: ABEV3's interest payments on its debt are well covered by EBIT (246.2x coverage).
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What is Ambev current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABEV3's dividend (4.43%) is higher than the bottom 25% of dividend payers in the BR market (1.73%).
High Dividend: ABEV3's dividend (4.43%) is low compared to the top 25% of dividend payers in the BR market (7.82%).
Stability and Growth of Payments
Stable Dividend: ABEV3 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ABEV3's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (70.6%), ABEV3's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (71.2%), ABEV3's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jean Neto (47 yo)
Mr. Jean Jereissati Neto has been Chief Executive Officer of Ambev S.A. since January 1, 2020 serves as its Member of Executive Board. He served as Chief Sales Officer and Chief Marketing Officer at Ambev...
Experienced Management: ABEV3's management team is considered experienced (2.4 years average tenure).
Experienced Board: ABEV3's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Ambev S.A.'s employee growth, exchange listings and data sources
- Name: Ambev S.A.
- Ticker: ABEV3
- Exchange: BOVESPA
- Founded: 1885
- Industry: Brewers
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: R$214.288b
- Shares outstanding: 15.74b
- Website: https://www.ambev.com.br
Number of Employees
- Ambev S.A.
- Rua Dr. Renato Paes de Barros, 1017
- 3rd Floor
- São Paulo
- São Paulo
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/29 00:00|
|End of Day Share Price||2022/06/29 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.