Ambev SA ADR

ABEV · NYSE · Consumer Defensive / Beverages - Brewers

2.76USD+0.03 (+1.10%)

Price History

Full chart

Market Stats

Previous Close2.73

Open2.75

Day Range2.74 – 2.78

52-Week Range2.25 – 3.42

Volume13.01M

Market Cap43.16B

P/E (TTM)14.74

Forward P/E13.14

EPS0.19

Dividend Yield4.84%

Beta0.22

50-Day Avg3.00

200-Day Avg3.03

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.

Company Details

SectorConsumer Defensive
IndustryBeverages - Brewers
CEOMr. Carlos Eduardo Klutzenschell Lisboa
Employees39.00K
HeadquartersRua Dr. Renato Paes de Barros, 1017, São Paulo, SP, Brazil, 04530-001, USA
Websitehttps://www.ambev.com.br

Leadership

Mr. Carlos Eduardo Klutzenschell LisboaCEO & Member of Board of Executive Officers · b. 1969
Mr. Guilherme Fleury de Figueiredo Ferraz ParolariCFO, Investor Relations Officer & Member of the Executive Board
Mr. Valdecir DuarteSupply VP Officer & Member of Executive Board · b. 1981
Ms. Carla Smith de Vasconcellos Crippa PradoVP of Corporate Affairs & Member of Executive Board of Officers · b. 1982
Mr. Joao Coelho Rua Derbli de CarvalhoCommercial VP Officer & Member of Executive Board · b. 1983
Mr. Guilherme Malik ParenteLegal & Compliance Vice President Officer, Secretary & Member of Executive Board Officers
Paula GuzDirector of Marketing Transformation
Stella Pescaroli LopesDraftline Media & Data Director
Guilherme YokaichiyaInvestor Relations Officer

Financials

Income Statement

Currency: BRL	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: BRL	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	2.87B	3.17B	3.25B	5.25B	6.53B	7.33B	8.68B	12.01B	15.96B	17.61B	19.58B	20.71B	23.19B	25.23B	27.13B	32.48B	35.08B	38.08B	46.72B	45.60B	47.90B	50.23B	52.01B	58.38B	72.85B	79.71B	79.74B	89.45B	88.24B
Growth (%)	-	+10.51%	+2.39%	+61.62%	+24.30%	+12.25%	+18.55%	+38.30%	+32.88%	+10.37%	+11.16%	+5.79%	+11.98%	+8.79%	+7.50%	+19.73%	+8.01%	+8.55%	+22.69%	-2.39%	+5.04%	+4.87%	+3.53%	+12.26%	+24.80%	+9.41%	+0.04%	+12.18%	-1.35%
Cost of Revenue	1.71B	1.81B	1.91B	2.84B	3.37B	3.34B	4.04B	4.78B	5.74B	5.95B	6.60B	7.22B	7.73B	8.45B	9.00B	10.61B	11.57B	12.81B	16.06B	16.68B	18.03B	19.25B	21.68B	27.07B	35.66B	40.42B	39.29B	43.62B	42.86B
Gross Profit	1.16B	1.36B	1.34B	2.41B	3.16B	3.98B	4.64B	7.23B	10.22B	11.66B	12.98B	13.50B	15.46B	16.78B	18.13B	21.87B	23.51B	25.27B	30.66B	28.92B	29.87B	30.98B	30.33B	31.31B	37.19B	39.29B	40.45B	45.84B	45.38B
Gross Margin	40.56%	42.92%	41.35%	45.84%	48.42%	54.38%	53.43%	60.19%	64.02%	66.23%	66.30%	65.15%	66.66%	66.52%	66.83%	67.34%	67.01%	66.35%	65.62%	63.43%	62.36%	61.68%	58.32%	53.64%	51.05%	49.29%	50.72%	51.24%	51.42%
Operating Expense	676.63M	910.50M	878.59M	2.08B	1.16B	2.60B	2.67B	5.06B	7.23B	7.33B	5.24B	5.67B	6.28B	6.76B	6.69B	8.18B	8.08B	9.44B	11.88B	11.82B	13.32B	13.83B	14.25B	15.34B	20.11B	21.60B	21.61B	24.04B	23.06B
Operating Income	487.80M	451.14M	464.64M	326.56M	2.00B	1.38B	1.96B	2.16B	2.99B	4.34B	7.74B	7.83B	9.18B	10.02B	11.44B	13.69B	15.43B	15.83B	18.78B	17.11B	16.55B	17.15B	16.07B	15.97B	17.08B	17.69B	18.83B	21.80B	22.32B
Operating Margin	16.99%	14.22%	14.30%	6.22%	30.61%	18.83%	22.63%	18.02%	18.71%	24.62%	39.52%	37.79%	39.57%	39.72%	42.18%	42.16%	43.99%	41.56%	40.19%	37.51%	34.56%	34.14%	30.91%	27.36%	23.44%	22.19%	23.62%	24.37%	25.30%
EBITDA	545.72M	536.44M	560.05M	528.83M	2.08B	2.59B	3.45B	3.89B	6.31B	7.44B	9.06B	9.38B	10.92B	11.90B	13.49B	15.83B	16.82B	17.77B	20.84B	19.18B	18.98B	19.30B	19.44B	20.77B	20.99B	23.08B	24.27B	29.01B	28.97B
EBITDA Margin	19.01%	16.91%	17.24%	10.07%	31.93%	35.42%	39.76%	32.39%	39.51%	42.27%	46.29%	45.27%	47.09%	47.18%	49.73%	48.75%	47.95%	46.66%	44.61%	42.06%	39.63%	38.43%	37.39%	35.59%	28.82%	28.96%	30.44%	32.43%	32.84%
Net Income	468.83M	330.81M	322.30M	470.14M	784.60M	1.51B	1.41B	1.16B	1.55B	2.81B	5.00B	5.12B	5.99B	7.56B	5.15B	6.35B	9.56B	12.07B	12.42B	12.55B	7.27B	10.99B	11.78B	11.38B	12.67B	14.46B	14.50B	14.44B	15.50B
Net Income Margin	16.33%	10.43%	9.92%	8.96%	12.02%	20.62%	16.26%	9.67%	9.69%	15.93%	25.55%	24.71%	25.81%	29.97%	18.97%	19.54%	27.24%	31.68%	26.59%	27.51%	15.18%	21.89%	22.65%	19.49%	17.39%	18.14%	18.19%	16.14%	17.57%
R&D	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	-	-	-	-	-	-
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	-	-	-	-	-	-
Interest Expense	0	0	0	0	0	537.50M	93.10M	646.50M	1.18B	1.08B	1.40B	1.45B	1.35B	606.10M	468.10M	557.10M	618.90M	697.40M	3.56B	1.54B	4.27B	1.28B	462.06M	414.78M	1.43B	596.10M	578.43M	2.40B	2.72B
Interest Expense % of Total Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	7.34%	1.07%	5.38%	7.41%	6.12%	7.15%	6.99%	5.81%	2.40%	1.73%	1.72%	1.76%	1.83%	7.62%	3.38%	8.91%	2.55%	0.89%	0.71%	1.97%	0.75%	0.73%	2.68%	3.08%

Balance Sheet

Currency: BRL	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: BRL	1997-12-31	1998-12-31	1999-12-31	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	4.63B	4.69B	5.43B	8.64B	11.03B	12.38B	14.83B	33.02B	33.47B	35.56B	35.48B	41.81B	40.10B	42.68B	46.14B	54.16B	68.67B	72.14B	90.18B	83.84B	86.85B	94.13B	101.74B	125.20B	138.60B	137.96B	132.64B	162.51B	145.09B
Total Liabilities	3.01B	3.21B	3.76B	5.05B	7.58B	8.17B	10.33B	15.82B	13.49B	16.12B	19.05B	20.80B	17.80B	18.11B	20.70B	24.70B	24.86B	28.50B	39.84B	37.19B	40.85B	38.26B	39.19B	50.05B	54.58B	54.63B	52.50B	62.93B	56.31B
Total Equity	1.56B	1.44B	1.61B	3.59B	3.45B	4.21B	4.50B	17.19B	19.98B	19.44B	18.12B	20.79B	22.02B	24.36B	23.09B	25.40B	42.99B	42.22B	48.33B	44.83B	45.59B	56.25B	61.28B	73.82B	82.64B	81.96B	78.97B	98.64B	87.91B
Cash	11.94M	20.54M	33.64M	44.70M	2.41B	2.77B	1.20B	1.29B	836.78M	1.54B	2.31B	3.30B	4.04B	5.91B	8.08B	8.93B	11.29B	9.72B	13.62B	7.88B	10.35B	11.46B	11.90B	17.09B	16.63B	14.93B	16.06B	28.60B	18.64B
Total Debt	1.58B	1.89B	1.98B	2.19B	4.57B	4.49B	5.98B	7.81B	7.20B	9.54B	9.87B	10.68B	7.28B	6.77B	4.11B	3.17B	2.91B	2.72B	3.60B	5.40B	4.57B	4.10B	3.06B	4.79B	3.13B	3.85B	3.50B	3.45B	3.39B
Net Debt	1.57B	1.87B	1.95B	2.15B	2.16B	1.72B	4.78B	6.52B	6.36B	8.01B	7.56B	7.38B	3.24B	862.10M	-4.03B	-6.08B	-8.63B	-7.00B	-10.02B	-2.48B	-5.79B	-7.36B	-8.84B	-12.30B	-13.50B	-11.08B	-12.56B	-25.14B	-15.25B

Cash Flow

Currency: BRL	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: BRL	2000-12-31	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	470.14M	1.01B	3.60B	2.53B	3.42B	4.15B	5.99B	7.21B	7.03B	8.70B	10.06B	12.67B	14.32B	15.31B	15.90B	23.58B	12.34B	18.26B	18.35B	18.38B	18.86B	22.90B	20.64B	24.71B	26.10B	24.45B
Investing Cash Flow	-	-1.69B	-1.60B	-2.01B	110.73M	-1.62B	-3.79B	-2.15B	-2.21B	-1.55B	-3.17B	-186.90M	-5.72B	-3.81B	-4.77B	-6.00B	-5.90B	-3.07B	-3.68B	-4.84B	-6.80B	-7.73B	-5.00B	-5.77B	-5.46B	-4.95B
Financing Cash Flow	-	1.42B	-2.91B	-346.70M	-3.43B	-2.97B	-1.47B	-4.25B	-4.01B	-5.93B	-4.86B	-10.67B	-7.83B	-9.51B	-13.14B	-15.33B	-11.65B	-13.25B	-13.66B	-12.28B	-8.60B	-16.04B	-16.34B	-16.12B	-10.35B	-26.77B
Capital Expenditure	137.78M	446.80M	522.40M	862.20M	1.27B	1.37B	1.43B	1.59B	1.96B	1.44B	2.29B	3.20B	3.02B	3.81B	4.49B	5.26B	4.13B	3.20B	3.57B	5.07B	4.69B	7.68B	6.53B	6.00B	4.75B	4.59B
Free Cash Flow	470.14M	559.80M	3.07B	1.67B	2.15B	2.78B	4.56B	5.62B	5.08B	7.26B	7.78B	9.47B	11.30B	11.50B	11.40B	18.32B	8.21B	15.06B	14.78B	13.31B	14.16B	15.22B	14.11B	18.71B	21.35B	19.86B
Dividends Paid	-	313.40M	335.60M	1.03B	603.06M	2.27B	1.79B	2.05B	2.80B	3.56B	5.03B	5.49B	5.62B	7.33B	12.06B	11.49B	10.33B	8.82B	8.81B	7.87B	6.85B	11.12B	12.24B	11.92B	4.06B	20.46B
FCF to OCF	100.00%	55.61%	85.47%	65.89%	62.74%	67.00%	76.18%	78.01%	72.17%	83.46%	77.27%	74.74%	78.92%	75.12%	71.73%	77.69%	66.52%	82.46%	80.54%	72.42%	75.11%	66.48%	68.35%	75.70%	81.80%	81.23%
Dividend Paid to FCF	-	55.98%	10.92%	61.66%	28.11%	81.72%	39.28%	36.52%	55.20%	49.05%	64.70%	58.00%	49.73%	63.75%	105.76%	62.72%	125.80%	58.58%	59.66%	59.13%	48.37%	73.01%	86.77%	63.73%	19.00%	103.04%

Earnings

Report Date	Dec 31, 2000	Aug 13, 2009	Nov 12, 2009	Mar 4, 2010	May 5, 2010	Aug 12, 2010	Nov 3, 2010	Mar 3, 2011	May 4, 2011	Aug 11, 2011	Nov 9, 2011	Mar 8, 2012	Apr 30, 2012	Jul 31, 2012	Oct 31, 2012	Feb 27, 2013	Apr 30, 2013	Jul 31, 2013	Nov 29, 2013	Feb 26, 2014	May 7, 2014	Jul 31, 2014	Oct 31, 2014	Feb 26, 2015	May 6, 2015	Jul 30, 2015	Oct 30, 2015	Feb 25, 2016	May 4, 2016	Jul 29, 2016	Oct 28, 2016	Mar 2, 2017	May 4, 2017	Jul 27, 2017	Oct 26, 2017	Mar 1, 2018	May 9, 2018	Jul 26, 2018	Oct 25, 2018	Feb 28, 2019	May 7, 2019	Jul 25, 2019	Oct 25, 2019	Feb 27, 2020	May 7, 2020	Jul 30, 2020	Oct 29, 2020	Feb 25, 2021	May 6, 2021	Jul 29, 2021	Oct 28, 2021	Mar 8, 2022	May 5, 2022	Jul 28, 2022	Oct 27, 2022	Mar 2, 2023	May 4, 2023	Aug 3, 2023	Oct 31, 2023	Mar 4, 2024	May 8, 2024	Aug 1, 2024	Oct 31, 2024	Feb 26, 2025	May 8, 2025	Jul 31, 2025	Oct 30, 2025	Feb 12, 2026	May 5, 2026	Jul 30, 2026	Oct 29, 2026
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.33	0.07	0.11	0.07	0.06	0.08	0.12	0.07	0.05	0.06	0.09	0.05	0.05	0.05	0.08	0.05	0.04	0.06	0.08	0.06	0.03	0.04	0.08	0.05	0.04	0.04	0.06	0.03	0.02	0.02	0.05	0.02	0.02	0.03	0.04	0.03	0.03	0.03	0.03	0.04	0.03	0.04	0.05	0.05	0.03	0.05	0.05	0.04	0.04	0.04	0.05	0.04	0.04	0.05
EPS Actual	0.00	0.04	0.04	0.07	0.06	0.05	0.07	0.10	0.08	0.07	0.07	0.11	0.09	0.06	0.08	0.12	0.07	0.26	0.10	0.13	0.07	0.06	0.07	0.12	0.06	0.05	0.05	0.07	0.05	0.04	0.06	0.08	0.04	0.04	0.06	0.09	0.04	0.04	0.05	0.06	0.04	0.05	0.04	0.07	0.01	0.02	0.03	0.08	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.06	0.05	0.03	0.05	0.06	0.05	0.03	0.04	0.05	0.04	0.03	0.04	0.05	0.05	0.04	0.05
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-21.21%	42.86%	18.18%	0.00%	0.00%	-12.50%	0.00%	-14.29%	0.00%	-16.67%	-22.22%	0.00%	-20.00%	20.00%	0.00%	-20.00%	0.00%	0.00%	12.50%	-33.33%	33.33%	25.00%	-25.00%	-20.00%	25.00%	0.00%	16.67%	-66.67%	0.00%	50.00%	60.00%	50.00%	50.00%	33.33%	0.00%	33.33%	33.33%	33.33%	100.00%	25.00%	0.00%	25.00%	20.00%	0.00%	0.00%	-20.00%	5.80%	0.00%	-25.00%	0.00%	0.00%	25.00%	0.00%	0.00%
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Pre-market	-	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap43.16B

Enterprise Value40.30B

Trailing P/E14.74

Forward P/E13.14

PEG Ratio1.90

Price / Sales0.48

Price / Book2.59

EPS0.19

Book Value1.17

Revenue (TTM)89.02B

Gross Profit (TTM)46.09B

EBITDA26.68B

Profit Margin17.69%

Operating Margin26.05%

Return on Equity17.65%

Return on Assets10.27%

Shares Outstanding15.41B

Shares Float4.04B

Beta0.22

Dividend Yield4.84%

Dividend Rate0.14

Payout Ratio82.17%

Analyst Ratings

Hold

Based on 11 analystsTarget 3.19

Strong Buy
1
Buy
2
Hold
5
Sell
1
Strong Sell
2

Ownership Breakdown

Institutions: 7.08%
Insiders: 0.00%
Retail / Other: 92.92%

Top Institutional Holders

Arnhold & S. Bleichroeder Advisers, LLC
698.65M4.53%
GQG Partners LLC
185.07M1.20%
BlackRock Inc
33.06M0.21%
The Goldman Sachs Group Inc
28.98M0.19%
Loomis, Sayles & Company LP
27.00M0.18%
Renaissance Technologies Corp
24.91M0.16%
Delaware Management Holdings Inc
23.00M0.15%
Brandes Investment Partners & Co
20.53M0.13%
Exchange Traded Concepts, LLC
13.63M0.09%
Bank of America Corp
12.87M0.08%
Morgan Stanley - Brokerage Accounts
12.75M0.08%
Allspring Global Investments Holdings, LLC
11.83M0.08%
Arrowstreet Capital Limited Partnership
11.49M0.07%

Top Fund Holders

First Eagle Global A
166.79M1.08%
GQG Partners Emerging Markets Equity R6
104.33M0.68%
First Eagle Overseas A
71.99M0.47%
First Eagle Amundi International AU-C
24.96M0.16%
iShares Latin America 40 ETF
23.42M0.15%
Quantex Global Value CHF R
16.00M0.10%
JNL/Loomis Sayles Global Growth I
10.98M0.07%

Dividends

20262×

0.01Sep 23, 20260.01Jun 24, 2026

20254×

0.13Dec 22, 20250.02Aug 11, 20250.02May 19, 20250.02Mar 18, 2025

20241×

0.11Dec 23, 2024

20231×

0.15Dec 22, 2023

20221×

0.15Dec 20, 2022

20212×

0.11Dec 20, 20210.01Jan 14, 2021

20201×

0.08Dec 18, 2020

20191×

0.12Dec 20, 2019

20183×

0.08Dec 19, 20180.04Jun 18, 20180.02Feb 1, 2018

20173×

0.10Dec 19, 20170.05Jun 26, 20170.02Jan 24, 2017

20164×

0.07Dec 22, 20160.05Nov 1, 20160.04Jul 12, 20160.03Feb 1, 2016

20151×

0.04Dec 22, 2015

Stock Splits

Nov 11, 20135:1
Dec 28, 20105:1
Jun 9, 20056:5