Ambev S.A.
Research Ambev S.A. (ABEV) on Bullrun: valuation model: 8.6% overvalued, market cap USD 49.29B, P/E 16.3, dividend yield 0.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerABEV
- ExchangeNYSE
- CountryBrazil
- SectorConsumer Defensive
- IndustryBeverages-Brewers
- CurrencyUSD
- Valuation signal8.6% overvalued
- Market capUSD 49.29B
- P/E16.3
- Dividend yield0.7%
- Financial periodQ2 2026
- RevenueBRL 20.15B
- Net incomeBRL 3.39B
- Free cash flowBRL 3.83B
- Gross margin51.9%
Valuation Snapshot
Bullrun's latest valuation model marks Ambev S.A. as 8.6% overvalued; latest market cap is USD 49.29B; P/E is 16.3; dividend yield is 0.7%.
Peer valuation comparison
Latest P/E is 16.29x versus a Consumer Defensive sector median of 17.24x (5.5% below).
Latest dividend yield is 0.71% versus a Consumer Defensive sector median of 3.01% (76.4% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | BRL 88.24B | BRL 15.50B | BRL 19.86B | 51.4% | 0.99 | BRL 18.64B | BRL 3.39B | BRL 87.91B |
| FY2024 | BRL 89.45B | BRL 14.44B | BRL 21.35B | 51.2% | 0.91 | BRL 28.60B | BRL 3.45B | BRL 98.64B |
| FY2023 | BRL 79.74B | BRL 14.50B | BRL 18.71B | 50.7% | 0.92 | BRL 16.06B | BRL 3.50B | BRL 78.97B |
| FY2022 | BRL 79.71B | BRL 14.46B | BRL 14.11B | 49.3% | 0.93 | BRL 14.93B | BRL 3.85B | BRL 81.96B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 49.29B | 16.3 | 0.7% | 0.02 |
| 2025 | 2025-12-31 | USD 38.57B | 13.7 | 1.6% | 0.04 |
| 2024 | 2024-12-31 | USD 29.10B | 10.9 | n/a | n/a |
| 2023 | 2023-12-29 | USD 44.07B | 14.7 | 5.4% | 0.15 |
| 2022 | 2022-12-30 | USD 42.82B | 17.0 | 5.5% | 0.15 |
| 2021 | 2021-12-31 | USD 44.07B | 18.7 | 4.6% | 0.13 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.02 USD, yield 0.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.04 BRL |
| FY2023 | 0.15 BRL |
| FY2022 | 0.15 BRL |
About Ambev S.A.
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.
ETFs that hold Ambev S.A.
Ambev S.A. is one of the ten largest holdings of 2 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| VanEck Morningstar Global Wide Moat UCITS ETF A USD | 1.95% | 0.52% |
| Franklin EM Multi-Factor Equity UCITS ETF | 1.03% | 0.30% |
Related stock research
Other Consumer Defensive stocks
Frequently asked questions
Is Ambev S.A. overvalued or undervalued?
Bullrun's valuation model currently marks Ambev S.A. as 8.6% overvalued.
What is Ambev S.A.'s market cap?
Ambev S.A.'s market capitalization is USD 49.29B.
What is Ambev S.A.'s P/E ratio?
Ambev S.A.'s price-to-earnings (P/E) ratio is 16.3.
Does Ambev S.A. pay a dividend?
Ambev S.A. has a dividend yield of 0.7%.
What does Ambev S.A. do?
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.