Ambev Valuation

Is AMNA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AMNA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AMNA (€2.04) is trading below our estimate of fair value (€3.31)

Significantly Below Fair Value: AMNA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AMNA?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for AMNA. This is calculated by dividing AMNA's market cap by their current preferred multiple.
What is AMNA's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	n/a

AMNA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.2x
Enterprise Value/EBITDA	7.6x
PEG Ratio	1.7x

Price to Earnings Ratio vs Peers

How does AMNA's PE Ratio compare to its peers?

The above table shows the PE ratio for AMNA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	27.7x
KUL Kulmbacher Brauerei Aktien-Gesellschaft	23.7x	n/a	€140.4m
HEIA Heineken	38.8x	25.2%	€40.9b
2502 Asahi Group Holdings	15.7x	6.9%	JP¥2.7t
HEIO Heineken Holding	32.7x	n/a	€17.5b
AMNA Ambev	14.2x	8.5%	€196.6b

Price-To-Earnings vs Peers: AMNA is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (27.7x).

Price to Earnings Ratio vs Industry

How does AMNA's PE Ratio compare vs other companies in the European Beverage Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	11.1%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	11.1%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: AMNA is good value based on its Price-To-Earnings Ratio (14.2x) compared to the European Beverage industry average (17.1x).

Price to Earnings Ratio vs Fair Ratio

What is AMNA'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.

AMNA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.2x
Fair PE Ratio	23.8x

Price-To-Earnings vs Fair Ratio: AMNA is good value based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (23.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.