Ambev S.A.
ABEV · Price history
Price at last available close
$3.19
+$0.15 (+4.93%) 1M
2026-10-09
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Company & revenue
About Ambev S.A.
Financial breakdown: year ended FY2025 · Research updated Oct 2, 2026
Who they are
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.
How they make money
Ambev brews, bottles and distributes beer and non-alcoholic beverages, selling through distributors and directly to retailers. Revenue depends on beverage volumes, prices and product mix; its operating regions are Brazil, Central America and the Caribbean, Latin America South, and Canada.
Products & services
Beer; Carbonated soft drinks; Other non-alcoholic beverages
Brands & revenue mix
Separate brand revenue is not available in this research.
Separate brand revenue is not available in this research.
Separate brand revenue is not available in this research.
Separate brand revenue is not available in this research.
Separate brand revenue is not available in this research.
Separate brand revenue is not available in this research.
Separate brand revenue is not available in this research.
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Geographic revenue
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Customer types
- Beverage distributors
- Supermarkets and other retailers
- Bars and restaurants
Business relationships & partnerships
- PepsiCo — Licensed production and bottling of PepsiCo beverages in covered territories.
Strengths
- Research interpretation: a broad brand portfolio and established distribution network support access to retail outlets.
Risks
- Beverage demand and competitive pricing: 2025 volumes declined 3.3%, partly offset by 2.1% higher net revenue per hectoliter.
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
38
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
56
Fair
Financial Strength
38
Business Quality / Moat
50
Management
100
Growth Quality
19
Risk / Durability
88
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
46
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
49/100
Building Historical Record
Model Score 49/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Recent buyback activity is present
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for ABEV
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can ABEV maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is ABEV's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is ABEV likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What future growth or profitability would be needed to justify ABEV's current valuation?
Essential Investment Snapshot
Wall Street Score
38
Opportunity Score
46
Market Cap
$49.29B
P/E Ratio
14.6
EPS
$0.20
52-Week High
$3.45
52-Week Low
$2.10
Beta
0.27
Intrinsic Value
$3.08
Analyst Target
$3.17
Shares Outstanding
15.68B
Total Revenue
$16.97B
Total Debt
$567.1M
Dividend Yield (TTM)
3.79%
Liquidation Value / Share
$1.09
Dividend / Share (TTM)
$0.12
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Building upward momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ABEV
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on ABEV.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Research interpretation: a broad brand portfolio and established distribution network support access to retail outlets.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Beverages - Alcoholic industry.
- −Beverage demand and competitive pricing: 2025 volumes declined 3.3%, partly offset by 2.1% higher net revenue per hectoliter.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
37
Sep 8, 2026
Change
+1.6
points
Current Score
38
Oct 1, 2026
Category Changes
ABEV increased 1.6 points because Moat improved by 5.4 points, Valuation improved by 4.4 points.
Positive Contributors
- + Moat improved by 5.4 points
- + Valuation improved by 4.4 points
Projected Score
Projected Score
44
Projected Change
+5.8%
Preliminary comparable-period financial changes suggest improvement of approximately 5.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Near Fair ValueCurrent Price
$3.19
Model Intrinsic Value
$3.08
Difference
+$0.11
+3.6% vs IV
Margin of Safety
-3.6%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.97B | $16.97B | $17.20B | $15.33B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $8.16B | $8.24B | $8.39B | $7.56B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $8.81B | $8.73B | $8.81B | $7.78B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $4.83B | $4.83B | $5.08B | $4.51B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $4.13B | $4.43B | $4.62B | $4.16B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $5.71B | $5.57B | $5.58B | $4.67B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $4.68B | $4.29B | $4.19B | $3.62B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $523.4M | $523.2M | $461.2M | $111.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $3.93B | $3.73B | $3.75B | $2.89B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $704.4M | $660.2M | $892.3M | $14.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $3.12B | $2.98B | $2.78B | $2.79B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.20 | $0.19 | $0.18 | $0.18 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 15.51B | 15.62B | 15.81B | 15.84B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 15.58B | 15.68B | 15.81B | 15.84B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Earnings analysis is not currently available.
Insider Activity
Guru / Smart Money
Guru Score
14
Smart Money
14
Number of Gurus
2
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
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Premium unlocks the full historical outperformance record: completed predictions, results chart, win rate, and calibration statistics.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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