ABEV Chart
About

Ambev S.A., through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada. The company offers beer, ready-to-drink cocktails and spritzers, soft drinks, water, teas, and isotonic drinks under the Brahma, Skol, Antarctica, Original, Quilmes, Andes Origen, Patricia, Paceha, Huari, Pilsen, Presidente, Balboa, Guaraná Antarctica, and Beats brands. It sells its products to distributors, supermarkets, and retailers within a broad distribution network. The company was founded in 1853 and is headquartered in São Paulo, Brazil. Ambev S.A. operates as a subsidiary of Interbrew International B.V.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Beverages - Brewers Market Cap 50.44B
Enterprise Value 34.37B Income 15.50B Sales 88.24B
Book/sh 1.09 Cash/sh 1.30 Dividend Yield 9.62%
Payout 120.26% Employees 39000 IPO —
P/E 17.94 Forward P/E 15.15 PEG —
P/S 0.57 P/B 2.97 P/C —
EV/EBITDA 1.26 EV/Sales 0.39 Quick Ratio 0.66
Current Ratio 0.96 Debt/Eq 3.81 LT Debt/Eq —
EPS (ttm) 0.18 EPS next Y 0.21 EPS Growth -10.10%
Revenue Growth -8.20% Earnings 2026-05-05 ROA 9.14%
ROE 16.98% ROIC — Gross Margin 51.42%
Oper. Margin 28.19% Profit Margin 17.57% Shs Outstand 15.62B
Shs Float 4.28B Short Float — Short Ratio 6.34
Short Interest — 52W High 3.24 52W Low 1.87
Beta 0.24 Avg Volume 27.54M Volume 21.82M
Target Price $3.07 Recom Hold Prev Close $3.13
Price $3.23 Change 3.19%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.07
Mean price target
2. Current target
$3.19
Latest analyst target
3. DCF / Fair value
$14.45
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.19
Low
$2.05
High
$4.00
Mean
$3.07

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-17 main Barclays Equal-Weight → Equal-Weight $3
2025-11-26 down Bernstein Outperform → Market Perform $3
2025-08-20 main UBS Neutral → Neutral $2
2025-08-01 down HSBC Buy → Hold —
2025-06-04 main UBS Neutral → Neutral $3
2025-05-12 main Barclays Equal-Weight → Equal-Weight $3
2025-04-22 down UBS Buy → Neutral —
2025-04-07 down Morgan Stanley Equal-Weight → Underweight —
2025-03-05 main UBS Buy → Buy $3
2025-01-22 down Citigroup Buy → Neutral —
2025-01-21 main Barclays Equal-Weight → Equal-Weight $2
2024-07-31 main UBS Buy → Buy $3
2024-05-09 main Barclays Equal-Weight → Equal-Weight $3
2024-03-04 down Barclays Overweight → Equal-Weight $3
2023-11-22 init Jefferies — → Hold $3
2023-05-24 init Bernstein — → Outperform $4
2022-07-13 up JP Morgan Neutral → Overweight —
2021-11-03 up B of A Securities Underperform → Neutral —
2021-10-06 up Barclays Equal-Weight → Overweight $4
2021-06-17 up Barclays Underweight → Equal-Weight $4
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-339.05M-13.87M-770.10M-106.78M
TaxRateForCalcs0.240.010.340.05
NormalizedEBITDA30.44B27.04B25.35B23.31B
TotalUnusualItems-1.42B-2.77B-2.27B-2.32B
TotalUnusualItemsExcludingGoodwill-1.42B-2.77B-2.27B-2.32B
NetIncomeFromContinuingOperationNetMinorityInterest14.44B14.50B14.46B12.67B
ReconciledDepreciation7.13B6.42B5.96B5.40B
ReconciledCostOfRevenue43.62B39.29B40.42B35.66B
EBITDA29.01B24.27B23.08B20.99B
EBIT21.89B17.85B17.13B15.60B
NetInterestIncome-598.80M-778.50M-873.00M-994.10M
InterestExpense2.40B2.82B2.89B1.84B
InterestIncome1.62B1.12B964.30M1.14B
NormalizedIncome15.52B17.26B15.95B14.89B
NetIncomeFromContinuingAndDiscontinuedOperation14.44B14.50B14.46B12.67B
TotalExpenses67.95B60.96B62.31B55.66B
TotalOperatingIncomeAsReported21.80B18.83B17.69B17.08B
DilutedAverageShares15.68B15.81B15.84B15.85B
BasicAverageShares15.62B15.73B15.74B15.74B
DilutedEPS0.930.910.920.91
BasicEPS0.940.920.920.92
DilutedNIAvailtoComStockholders14.44B14.50B14.46B12.67B
NetIncomeCommonStockholders14.44B14.50B14.46B12.67B
NetIncome14.44B14.50B14.46B12.67B
MinorityInterests-409.70M-458.50M-433.30M-451.60M
NetIncomeIncludingNoncontrollingInterests14.85B14.96B14.89B13.12B
NetIncomeContinuousOperations14.85B14.96B14.89B13.12B
TaxProvision4.64B75.50M-655.60M636.60M
PretaxIncome19.49B15.04B14.24B13.76B
OtherIncomeExpense-1.42B-2.96B-2.29B-2.44B
SpecialIncomeCharges-431.20M56.10M1.55B595.70M
GainOnSaleOfPPE121.30M86.40M88.80M66.10M
OtherSpecialCharges453.20M-79.10M-1.58B-695.00M
WriteOff0.000.0016.60M0.00
RestructuringAndMergernAcquisition99.30M109.40M101.80M165.40M
EarningsFromEquityInterest3.90M-185.30M-29.10M-115.70M
GainOnSaleOfSecurity-993.40M-2.83B-3.81B-2.92B
NetNonOperatingInterestIncomeExpense-598.80M-778.50M-873.00M-994.10M
TotalOtherFinanceCost-175.50M-915.80M-1.06B300.80M
InterestExpenseNonOperating2.40B2.82B2.89B1.84B
InterestIncomeNonOperating1.62B1.12B964.30M1.14B
OperatingIncome21.51B18.77B17.40B17.19B
OperatingExpense24.33B21.67B21.88B20.00B
OtherOperatingExpenses-2.13B-1.72B-1.41B-839.00M
OtherTaxes64.80M-39.70M-674.30M-1.00B
SellingGeneralAndAdministration26.39B23.44B23.97B21.85B
SellingAndMarketingExpense20.19B18.16B18.73B16.97B
GeneralAndAdministrativeExpense6.20B5.27B5.24B4.88B
OtherGandA6.20B5.27B5.24B4.88B
GrossProfit45.84B40.45B39.29B37.19B
CostOfRevenue43.62B39.29B40.42B35.66B
TotalRevenue89.45B79.74B79.71B72.85B
ExciseTaxes27.42B25.23B24.85B22.05B
OperatingRevenue134.13B120.12B125.91B110.16B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber29.81M4.38M8.50M5.80M
OrdinarySharesNumber15.73B15.75B15.74B15.74B
ShareIssued15.76B15.75B15.75B15.74B
TotalDebt3.45B3.50B3.85B3.13B
TangibleBookValue41.77B30.92B32.14B31.54B
InvestedCapital99.13B79.51B82.68B83.13B
WorkingCapital4.77B-4.44B-2.72B-239.20M
NetTangibleAssets41.77B30.92B32.14B31.54B
CapitalLeaseObligations2.97B2.96B3.12B2.64B
CommonStockEquity98.64B78.97B81.96B82.64B
TotalCapitalization98.97B79.36B82.41B82.91B
TotalEquityGrossMinorityInterest99.58B80.14B83.33B84.02B
MinorityInterest938.40M1.17B1.37B1.37B
StockholdersEquity98.64B78.97B81.96B82.64B
OtherEquityInterest-68.56B-77.88B-68.42B-61.78B
GainsLossesNotAffectingRetainedEarnings108.97B98.67B92.25B86.38B
CapitalStock58.23B58.18B58.13B58.04B
CommonStock58.23B58.18B58.13B58.04B
TotalLiabilitiesNetMinorityInterest62.93B52.50B54.63B54.58B
TotalNonCurrentLiabilitiesNetMinorityInterest13.54B11.50B14.09B15.72B
OtherNonCurrentLiabilities1.14B1.08B1.90B3.45B
DerivativeProductLiabilities6.70M11.70M0.003.45B
EmployeeBenefits2.24B2.01B2.16B3.19B
TradeandOtherPayablesNonCurrent2.30B2.31B2.78B3.01B
NonCurrentDeferredLiabilities5.01B3.32B3.73B3.21B
NonCurrentDeferredTaxesLiabilities5.01B3.32B3.73B3.21B
LongTermDebtAndCapitalLeaseObligation2.18B2.20B2.79B2.25B
LongTermCapitalLeaseObligation1.85B1.81B2.33B1.99B
LongTermDebt324.00M391.00M454.30M267.20M
LongTermProvisions670.90M559.60M739.00M603.80M
CurrentLiabilities49.39B41.01B40.54B38.87B
OtherCurrentLiabilities3.59B4.86B4.24B2.80B
CurrentDebtAndCapitalLeaseObligation1.28B1.30B1.06B877.60M
CurrentCapitalLeaseObligation1.11B1.15B783.60M653.00M
CurrentDebt163.60M151.20M273.30M224.60M
OtherCurrentBorrowings163.60M151.20M199.00M194.10M
LineOfCredit0.0074.30M30.50M
CurrentProvisions440.90M418.40M180.70M172.30M
PayablesAndAccruedExpenses44.08B34.43B35.06B35.02B
CurrentAccruedExpenses2.78B2.13B2.34B2.44B
Payables41.30B32.30B32.72B32.58B
DividendsPayable8.49B1.53B1.46B1.43B
TotalTaxPayable7.59B7.58B6.93B6.08B
IncomeTaxPayable1.94B1.34B1.12B1.49B
AccountsPayable25.22B23.20B24.33B25.08B
TotalAssets162.51B132.64B137.96B138.60B
TotalNonCurrentAssets108.35B96.08B100.14B99.98B
OtherNonCurrentAssets1.46B1.52B1.91B2.06B
DefinedPensionBenefit70.50M57.30M56.60M27.90M
NonCurrentDeferredAssets8.69B7.97B6.44B4.73B
NonCurrentDeferredTaxesAssets8.69B7.97B6.44B4.73B
NonCurrentAccountsReceivable10.50B11.33B11.32B12.33B
FinancialAssets0.001.70M1.50M1.60M
InvestmentsAndAdvances579.90M531.30M551.00M498.10M
InvestmentinFinancialAssets184.50M242.20M219.10M192.90M
HeldToMaturitySecurities184.50M242.20M219.10M192.90M
LongTermEquityInvestment395.40M289.10M331.90M305.20M
InvestmentsinJointVenturesatCost289.10M331.90M305.20M
GoodwillAndOtherIntangibleAssets56.87B48.05B49.82B51.10B
OtherIntangibleAssets12.53B10.04B9.22B8.69B
Goodwill44.34B38.00B40.59B42.41B
NetPPE30.17B26.63B30.06B29.22B
AccumulatedDepreciation-54.46B-43.25B-41.88B-39.16B
GrossPPE84.63B69.88B71.93B68.38B
ConstructionInProgress2.52B2.55B4.35B5.40B
OtherProperties4.41B302.10M220.50M
MachineryFurnitureEquipment57.02B50.12B50.39B46.91B
BuildingsAndImprovements3.47B2.93B2.70B2.31B
LandAndImprovements17.20B14.29B14.49B13.54B
Properties0.000.000.000.00
CurrentAssets54.16B36.56B37.82B38.63B
OtherCurrentAssets1.56B1.05B1.04B1.08B
HedgingAssetsCurrent1.22B378.00M272.30M597.40M
PrepaidAssets537.90M358.30M645.90M
Inventory11.69B9.08B12.56B10.35B
InventoriesAdjustmentsAllowances-141.10M-142.50M-160.20M-157.80M
OtherInventories570.00M358.30M645.90M
FinishedGoods4.47B2.99B4.09B3.63B
WorkInProcess739.00M826.50M845.70M672.50M
RawMaterials6.62B5.41B7.79B6.21B
Receivables9.85B9.18B8.20B7.40B
TaxesReceivable3.58B3.44B2.85B2.61B
AccountsReceivable6.27B5.74B5.35B4.79B
AllowanceForDoubtfulAccountsReceivable-839.90M-721.00M-679.10M-668.30M
GrossAccountsReceivable7.11B6.46B6.03B5.46B
CashCashEquivalentsAndShortTermInvestments29.84B16.34B15.38B18.54B
OtherShortTermInvestments1.24B277.20M454.50M1.91B
CashAndCashEquivalents28.60B16.06B14.93B16.63B
CashEquivalents16.98B8.97B8.66B11.39B
CashFinancial11.62B7.09B6.27B5.23B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow21.35B18.71B14.11B15.22B
RepurchaseOfCapitalStock-467.60M-119.00M-54.10M-44.20M
RepaymentOfDebt-1.94B-1.41B-1.08B-3.12B
IssuanceOfDebt489.10M49.80M274.90M315.20M
IssuanceOfCapitalStock17.50M14.50M23.80M9.10M
CapitalExpenditure-4.75B-6.00B-6.53B-7.68B
EndCashPosition28.60B16.06B14.85B16.60B
BeginningCashPosition16.06B14.85B16.60B17.09B
EffectOfExchangeRateChanges2.25B-1.62B-1.05B382.60M
ChangesInCash10.28B2.83B-699.90M-875.70M
FinancingCashFlow-10.35B-16.12B-16.34B-16.04B
CashFlowFromContinuingFinancingActivities-10.35B-16.12B-16.34B-16.04B
NetOtherFinancingCharges-4.40B-2.73B-3.26B-2.09B
CashDividendsPaid-4.06B-11.92B-12.24B-11.12B
CommonStockDividendPaid-4.06B-11.92B-12.24B-11.12B
NetCommonStockIssuance-450.10M-104.50M-30.30M-35.10M
CommonStockPayments-467.60M-119.00M-54.10M-44.20M
CommonStockIssuance17.50M14.50M23.80M9.10M
NetIssuancePaymentsOfDebt-1.45B-1.36B-810.00M-2.80B
NetLongTermDebtIssuance-1.45B-1.36B-810.00M-2.80B
LongTermDebtPayments-1.94B-1.41B-1.08B-3.12B
LongTermDebtIssuance489.10M49.80M274.90M315.20M
InvestingCashFlow-5.46B-5.77B-5.00B-7.74B
CashFlowFromContinuingInvestingActivities-5.46B-5.77B-5.00B-7.74B
NetOtherInvestingChanges-6.60M400.00K15.00M15.00M
NetInvestmentPurchaseAndSale-888.60M136.40M1.41B-241.30M
SaleOfInvestment136.40M1.41B
PurchaseOfInvestment-888.60M-6.30M-30.00M-241.30M
NetBusinessPurchaseAndSale10.30M-52.80M-33.00M-133.30M
SaleOfBusiness10.30M0.000.00500.00K
PurchaseOfBusiness0.00-52.80M-33.00M-133.80M
NetPPEPurchaseAndSale-4.58B-5.85B-6.40B-7.38B
SaleOfPPE170.60M154.10M133.90M301.70M
PurchaseOfPPE-4.75B-6.00B-6.53B-7.68B
OperatingCashFlow26.10B24.71B20.64B22.90B
CashFlowFromContinuingOperatingActivities26.10B24.71B20.64B22.90B
TaxesRefundPaid-3.62B-1.63B-919.00M-1.31B
InterestReceivedCFO1.63B1.25B1.09B377.10M
InterestPaidCFO-742.10M-666.10M-826.30M-498.20M
DividendReceivedCFO26.60M12.90M6.60M13.10M
ChangeInWorkingCapital-165.00M-296.10M-2.68B3.00B
ChangeInPayablesAndAccruedExpense1.32B-223.10M726.60M6.16B
ChangeInPayable1.32B-223.10M726.60M6.16B
ChangeInInventory-1.70B1.30B-3.09B-3.50B
ChangeInReceivables220.40M-1.37B-322.50M341.40M
OtherNonCashItems1.05B593.40M-748.40M71.70M
StockBasedCompensation400.90M331.60M313.90M387.60M
UnrealizedGainLossOnInvestmentSecurities0.000.00-95.00M-77.00M
ProvisionandWriteOffofAssets348.00M233.80M232.70M244.60M
AssetImpairmentCharge379.10M358.40M351.80M200.80M
DeferredTax4.91B253.80M-316.00M853.20M
DeferredIncomeTax4.91B253.80M-316.00M853.20M
DepreciationAmortizationDepletion7.13B6.42B5.96B5.40B
DepreciationAndAmortization7.13B6.42B5.96B5.40B
AmortizationCashFlow686.60M
AmortizationOfIntangibles686.60M
Depreciation7.13B6.42B5.96B5.40B
OperatingGainsLosses-99.00M2.89B3.38B1.11B
EarningsLossesFromEquityInvestments-3.90M185.30M29.10M115.70M
GainLossOnInvestmentSecurities65.10M1.64B2.69B688.00M
NetForeignCurrencyExchangeGainLoss-38.90M1.15B751.10M453.90M
GainLossOnSaleOfPPE-121.30M-86.40M-88.80M-142.80M
NetIncomeFromContinuingOperations14.85B14.96B14.89B13.12B
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for ABEV
Date User Asset Broker Type Position Size Entry Price Patterns