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Ambev S.A. ABEV

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Price alert · ABEV

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2.72 USD +0.07 (+2.84%)

Nov 4, 2026, 10:24 AM EST

2.69 Day range 2.73
2.28 52-week range 3.45
YTD
+9.92%
1 year
+13.60%

Financial health

Altman Z-Score

4.00 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A4 / 5 overall

  • DCF 4
  • Return on Equity 4
  • Return on Assets 5
  • Debt / Equity 4
  • P/E 3
  • P/B 2

Valuation

P/E 13.7×
FY 2016: 20.0×FY 2017: 45.5×FY 2018: 21.7×FY 2019: 24.9×FY 2020: 22.1×FY 2021: 19.3×FY 2022: 15.6×FY 2023: 14.8×FY 2024: 12.5×FY 2025: 13.7×
FY 2016 5y median 14.8× FY 2025
P/S 2.4×
FY 2016: 5.5×FY 2017: 7.0×FY 2018: 4.8×FY 2019: 5.6×FY 2020: 4.3×FY 2021: 3.4×FY 2022: 2.8×FY 2023: 2.7×FY 2024: 2.0×FY 2025: 2.4×
FY 2016 5y median 2.7× FY 2025
P/B 2.4×
FY 2016: 5.6×FY 2017: 7.4×FY 2018: 4.2×FY 2019: 4.8×FY 2020: 3.4×FY 2021: 3.0×FY 2022: 2.8×FY 2023: 2.7×FY 2024: 1.8×FY 2025: 2.4×
FY 2016 5y median 2.7× FY 2025
P/FCF 10.6×
FY 2016: 30.5×FY 2017: 22.3×FY 2018: 16.2×FY 2019: 22.0×FY 2020: 17.6×FY 2021: 16.1×FY 2022: 16.0×FY 2023: 11.5×FY 2024: 8.5×FY 2025: 10.6×
FY 2016 5y median 11.5× FY 2025
EV/EBITDA 6.8×
FY 2016: 12.9×FY 2017: 17.4×FY 2018: 12.0×FY 2019: 14.6×FY 2020: 11.4×FY 2021: 11.0×FY 2022: 9.3×FY 2023: 8.3×FY 2024: 5.4×FY 2025: 6.8×
FY 2016 5y median 8.3× FY 2025
EV/Sales 2.2×
FY 2016: 5.4×FY 2017: 6.9×FY 2018: 4.6×FY 2019: 5.5×FY 2020: 4.1×FY 2021: 3.2×FY 2022: 2.7×FY 2023: 2.5×FY 2024: 1.7×FY 2025: 2.2×
FY 2016 5y median 2.5× FY 2025
FCF Yield 9.4%
FY 2016: 3.3%FY 2017: 4.5%FY 2018: 6.2%FY 2019: 4.5%FY 2020: 5.7%FY 2021: 6.2%FY 2022: 6.2%FY 2023: 8.7%FY 2024: 11.8%FY 2025: 9.4%
FY 2016 5y median 8.7% FY 2025

Profitability

Gross Margin 51.4%
FY 2016: 63.4%FY 2017: 62.4%FY 2018: 61.7%FY 2019: 58.3%FY 2020: 53.6%FY 2021: 51.1%FY 2022: 49.3%FY 2023: 50.7%FY 2024: 51.2%FY 2025: 51.4%
FY 2016 5y median 51.1% FY 2025
Operating Margin 25.3%
FY 2016: 37.5%FY 2017: 34.6%FY 2018: 34.1%FY 2019: 30.9%FY 2020: 27.4%FY 2021: 23.4%FY 2022: 22.2%FY 2023: 23.6%FY 2024: 24.4%FY 2025: 25.3%
FY 2016 5y median 23.6% FY 2025
Net Margin 17.6%
FY 2016: 27.5%FY 2017: 15.2%FY 2018: 21.9%FY 2019: 22.7%FY 2020: 19.5%FY 2021: 17.4%FY 2022: 18.1%FY 2023: 18.2%FY 2024: 16.1%FY 2025: 17.6%
FY 2016 5y median 17.6% FY 2025
ROE 17.6%
FY 2016: 28.0%FY 2017: 15.9%FY 2018: 19.5%FY 2019: 19.2%FY 2020: 15.4%FY 2021: 15.3%FY 2022: 17.6%FY 2023: 18.4%FY 2024: 14.6%FY 2025: 17.6%
FY 2016 5y median 17.6% FY 2025
ROIC 17.7%
FY 2016: 28.5%FY 2017: 16.9%FY 2018: 20.9%FY 2019: 19.6%FY 2020: 14.7%FY 2021: 16.2%FY 2022: 18.0%FY 2023: 20.2%FY 2024: 14.5%FY 2025: 17.7%
FY 2016 5y median 17.7% FY 2025
ROA 10.5%
FY 2016: 15.0%FY 2017: 8.4%FY 2018: 11.7%FY 2019: 11.6%FY 2020: 9.1%FY 2021: 9.1%FY 2022: 10.5%FY 2023: 10.9%FY 2024: 8.9%FY 2025: 10.5%
FY 2016 5y median 10.5% FY 2025

Growth (YoY)

Revenue -1.4%
FY 2016: -2.4%FY 2017: 5.0%FY 2018: 4.9%FY 2019: 3.5%FY 2020: 12.3%FY 2021: 24.8%FY 2022: 9.4%FY 2023: 0.0%FY 2024: 12.2%FY 2025: -1.4%
FY 2016 FY 2025
Operating Income 2.4%
FY 2016: -8.9%FY 2017: -3.2%FY 2018: 3.6%FY 2019: -6.3%FY 2020: -0.6%FY 2021: 6.9%FY 2022: 3.6%FY 2023: 6.5%FY 2024: 15.8%FY 2025: 2.4%
FY 2016 FY 2025
EPS (diluted) 8.8%
FY 2016: 1.3%FY 2017: -40.5%FY 2018: 48.9%FY 2019: 5.7%FY 2020: -2.7%FY 2021: 11.1%FY 2022: 13.7%FY 2023: 1.1%FY 2024: -1.1%FY 2025: 8.8%
FY 2016 FY 2025
Free Cash Flow -7.0%
FY 2016: -55.2%FY 2017: 83.4%FY 2018: -1.9%FY 2019: -9.9%FY 2020: 6.4%FY 2021: 7.5%FY 2022: -7.3%FY 2023: 32.6%FY 2024: 14.1%FY 2025: -7.0%
FY 2016 FY 2025

Financial Health

Current Ratio 1.0×
FY 2016: 0.8×FY 2017: 0.9×FY 2018: 1.0×FY 2019: 1.1×FY 2020: 1.1×FY 2021: 1.0×FY 2022: 0.9×FY 2023: 0.9×FY 2024: 1.1×FY 2025: 1.0×
FY 2016 5y median 1.0× FY 2025
Quick Ratio 0.7×
FY 2016: 0.7×FY 2017: 0.7×FY 2018: 0.8×FY 2019: 0.9×FY 2020: 0.8×FY 2021: 0.7×FY 2022: 0.6×FY 2023: 0.7×FY 2024: 0.9×FY 2025: 0.7×
FY 2016 5y median 0.7× FY 2025
Debt / Equity 0.1×
FY 2016: 0.1×FY 2017: 0.1×FY 2018: 0.1×FY 2019: 0.0×FY 2020: 0.1×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.1×
FY 2016 5y median 0.0× FY 2025
Net Debt / EBITDA -0.5×
FY 2016: -0.1×FY 2017: -0.3×FY 2018: -0.4×FY 2019: -0.5×FY 2020: -0.6×FY 2021: -0.6×FY 2022: -0.5×FY 2023: -0.5×FY 2024: -0.9×FY 2025: -0.5×
FY 2016 5y median -0.5× FY 2025
Interest Coverage 8.2×
FY 2016: 11.1×FY 2017: 3.9×FY 2018: 13.4×FY 2019: 34.8×FY 2020: 38.5×FY 2021: 11.9×FY 2022: 29.7×FY 2023: 32.6×FY 2024: 9.1×FY 2025: 8.2×
FY 2016 5y median 11.9× FY 2025

Dividends

Dividend Yield 9.7%
FY 2016: 4.1%FY 2017: 2.6%FY 2018: 3.7%FY 2019: 2.7%FY 2020: 2.7%FY 2021: 4.5%FY 2022: 5.4%FY 2023: 5.5%FY 2024: 2.2%FY 2025: 9.7%
FY 2016 5y median 5.4% FY 2025
Payout Ratio 132.0%
FY 2016: 82.3%FY 2017: 121.3%FY 2018: 80.2%FY 2019: 66.8%FY 2020: 60.2%FY 2021: 87.7%FY 2022: 84.7%FY 2023: 82.2%FY 2024: 28.1%FY 2025: 132.0%
FY 2016 5y median 84.7% FY 2025

Annual · latest fiscal year ends 2025-12-31