Obermatt

Ambev

SAO:ABEV3 · BRABEVACNOR1
BeveragesX-Large

360

90
EV / EBIT81
Price / Owner Earnings71
Owner Earnings Yield88
Dividend Yield91
Price/Sales12
EV / Gross Profit38
Price/Book34
Return on Capital80
Cash Return on Capital78
Return on Equity56
EBIT Margin84
Gross Profitability49
Cash Conversion58
Accruals69
Owner Earnings Margin94
Sales growth67
Profit Growth88
Long-Term EPS Growth38
Owner Earnings Growth55
Reinvestment32
Price momentum76
Debt load89
Refinancing22
Debt Payback100
Liquidity71
Analyst ratings13
Opinion Changes54
Price Target Upside12
Market mood19
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Ambev generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryBelgium
IndustryBeverages
SizeX-Large
TypePublic Company
ExchangeBOVESPA
Founded2005
Employees30,360
ISINBRABEVACNOR1
Last UpdateApr 2, 2026
Themes
DistilleryPackaging ServicesFast-Moving Consumer GoodsBrewingFinanceHospitality

Description

Ambev S.A. operates in the production, distribution, and sale of beer, carbonated soft drinks (CSDs), other alcoholic beverages, and non-alcoholic and non-carbonated products directly in 11 countries across the Americas. The company is the largest b…

Analysis

Quality compounder

Ambev S.A. earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess.

On valuation, the picture is fair. The owner-earnings multiple stands at 17.4×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 4% a year, against analyst forecasts of 3%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 18/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
52
2023202420252026

All-time high

98

Jan 2026

All-time low

30

Oct 2025

Average rank

63

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
12
47
29
31
Price/Earnings
49
68
62
52
Price/Book
34
55
46
49
Dividend Yield
91
78
86
76
Value (overall)
40
58
56
54

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →