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ABEV US​

Ambev S.a. American Depositary Receipt(ABEV US)

$3.30-0.031.05%Ext:$3.38+0.082.54%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Ambev S.a. American Depositary Receipt — Company Profile

Ambev S.A., operating through its various subsidiaries, is a prominent player in the beverage and food industry across the Americas. The company is engaged in the manufacturing, marketing, and distribution of a diverse portfolio of products, including various types of beer (both packaged and on tap), carbonated soft drinks, other non-alcoholic beverages, malt, and food items. Its extensive operations are structured into four primary geographical divisions: Brazil; Central America and the Caribbean; Latin America South; and Canada. Ambev's vast selection of beer labels features widely recognized names such as Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe, Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee. Beyond alcoholic offerings, the company also provides a comprehensive range of non-alcoholic drinks. These include bottled water, isotonic and energy beverages, coconut water, powdered and natural fruit juices, and ready-to-drink teas. These products are sold under popular brands like Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi, Canada Dry, Squirt, Red Rock, Pepsi-Cola, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike's. Products are made available to consumers through a multifaceted distribution approach, combining its own direct distribution network with a system that leverages third-party distributors. Ambev S.A. was founded in 1885 and maintains its corporate headquarters in São Paulo, Brazil. It operates as a subsidiary of Interbrew International B.V.

Sector
Consumer Defensive
Industry
Beverages - Alcoholic
Exchange
UN
CEO
Carlos Eduardo Klutzenschell Lisboa
Headquarters
São Paulo, D5, BR
IPO Date
Mar 5, 1997
Employees
39,000
Website
www.ambev.com.br

Key Metrics

Price
$2.99
Market Cap
$46.20B
Revenue (TTM)
$22.46B
Net Income (TTM)
$3.77B
EPS (TTM)
0.24
P/E (TTM)
2.97
P/B (TTM)
0.51
Dividend Yield
4.08%
ROE (TTM)
4.18%
ROA (TTM)
2.64%
Operating Margin
26.12%
Beta
0.58

Dividends

Last Dividend
$0.01
Last Yield
0.04%

Summary

Ambev S.A., operating through its various subsidiaries, is a prominent player in the beverage and food industry across the Americas. The company is engaged in the manufacturing, marketing, and distribution of a diverse portfolio of products, including various types of beer (both packaged and on tap), carbonated soft drinks, other non-alcoholic beverages, malt, and food items. Its extensive operations are structured into four primary geographical divisions: Brazil; Central America and the Caribbean; Latin America South; and Canada. Ambev's vast selection of beer labels features widely recognized names such as Skol, Brahma, Antarctica, Brahva, Brahva Gold, Extra, Bud Light, Beck, Leffe, Hoegaarden, Bucanero, Cristal, Mayabe, Cacique, Presidente, Brahma Light, Presidente Light, Presidente Golden Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Budweiser, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee. Beyond alcoholic offerings, the company also provides a comprehensive range of non-alcoholic drinks. These include bottled water, isotonic and energy beverages, coconut water, powdered and natural fruit juices, and ready-to-drink teas. These products are sold under popular brands like Guaraná Antarctica, Gatorade, H2OH!, Lipton Iced Tea, Fusion, Do Bem, Pepsi, Canada Dry, Squirt, Red Rock, Pepsi-Cola, Seven Up, Nutrl, Bud Light Seltzer, Palm Bay, and Mike's. Products are made available to consumers through a multifaceted distribution approach, combining its own direct distribution network with a system that leverages third-party distributors. Ambev S.A. was founded in 1885 and maintains its corporate headquarters in São Paulo, Brazil. It operates as a subsidiary of Interbrew International B.V.

Website
www.ambev.com.br
Location
São Paulo, D5, BR
Phone55 11 2122 1414
Employees39,000
CEOCarlos Eduardo Klutzenschell Lisboa
SectorConsumer Defensive
IndustryBeverages - Alcoholic
IPO DateMar 5, 1997

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Latest Documents

SEC Filings(1.1K)

Expand
  • 6-KCurrent report (foreign private issuer)21 Oct
  • 6-KCurrent report (foreign private issuer)14 Oct
  • 6-KCurrent report (foreign private issuer)9 Oct
  • 6-KCurrent report (foreign private issuer)9 Oct
  • 4Statement of changes in beneficial ownership8 Oct
  • 3Initial statement of beneficial ownership11 Sep
  • 6-KCurrent report (foreign private issuer)9 Sep
  • 6-KCurrent report (foreign private issuer)9 Sep
  • 6-KCurrent report (foreign private issuer)13 Aug
  • 6-KCurrent report (foreign private issuer)13 Aug
  • 6-KCurrent report (foreign private issuer)13 Aug
  • 6-KCurrent report (foreign private issuer)10 Aug
  • 6-KCurrent report (foreign private issuer)10 Aug
  • 6-KCurrent report (foreign private issuer)31 Jul
  • 4Statement of changes in beneficial ownership31 Jul
  • 144Moreira Ricardo Manuel Frangatos Pires30 Jul
  • 6-KCurrent report (foreign private issuer)30 Jul
  • 6-KCurrent report (foreign private issuer)30 Jul
  • 6-KCurrent report (foreign private issuer)30 Jul
  • 6-KCurrent report (foreign private issuer)30 Jul

News

  • Is Ambev (ABEV) a Solid Growth Stock? 3 Reasons to Think "Yes"9 Oct
  • Are Consumer Staples Stocks Lagging Ambev (ABEV) This Year?9 Oct
  • Bank of America Reaffirms Underperform Rating for Ambev (NYSE:ABEV)7 Oct
  • Investors Buy Large Volume of Ambev Call Options (NYSE:ABEV)5 Oct
  • Ambev S.A. $ABEV Stock Sold by Corient Private Wealth LP5 Oct
  • Archford Capital Strategies LLC Sells 352,698 Shares of Ambev S.A. $ABEV10 Sep
  • Ambev: Strong Beverage Leader That Can Win From Brazil's Election Uncertainty3 Sep
  • Ambev S.A. $ABEV Shares Sold by Bank of America Corp DE13 Aug
  • Ambev S.A. (ABEV) Q2 2026 Earnings Call Transcript30 Jul
  • Ambev Q2 Earnings Call Highlights30 Jul

Mentions in Filings

  • … Unibanco for the past 10 years, as well as Alternate President of Fundação Itaú Unibanco de Previdência for the past 5 years. He began his career in 1986, working at companies such as White Martins Gases Industriais S.A., <strong>Ambev</strong>, Rio de Janeiro Refrescos Ltda., and Casas Sendas Comércio e Indústria. He holds a bachelor's degree in Electrical Engineering and a master's degree in Control and Systems Optimization, both from the Pontifical Catholic Un …
    Itau Unibanco Holding S.A.Ambev S.a. American Depositary Receipt·EX-99.1 - 6-K - Current report (foreign private issuer)·Q4 26·2 Oct
  • … and/ or end of the reporting period in relation to net assets. 175 Dimensional Emerging Core Equity Market ETF SCHEDULE OF INVESTMENTS January 31, 2026 (Unaudited) Shares Value COMMON STOCKS — (97.3%) BRAZIL — (3.3%) \*Allianca Saude e Participacoes SA 100 $ 90 Allied Tecnologia SA 17,146 27,411 Allos SA 283,377 1,672,479 Alupar Investimento SA 27,414 177,767 <strong>Ambev</strong> SA 392,600 1,113,562
    Dimensional ETF TrustAmbev S.a. American Depositary Receipt·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … Unibanco for the past 10 years, as well as Alternate President of Fundação Itaú Unibanco de Previdência for the past 5 years. He began his career in 1986, working at companies such as White Martins Gases Industriais S.A., <strong>Ambev</strong>, Rio de Janeiro Refrescos Ltda., and Casas Sendas Comércio e Indústria. He holds a bachelor's degree in Electrical Engineering and a master's degree in Control and Systems Optimization, both from the Pontifical Catholic Un …
    Itau Unibanco Holding S.A.Ambev S.a. American Depositary Receipt·EX-99.1 - 6-K - Current report (foreign private issuer)·Q3 26·6 Aug
  • … r the six-month period ended 30 June 2026 and 2025 for a table showing the calculation of our net debt as of 30 June 2026. Apart from operating results net of capital expenditures, the net debt was mainly impacted by payments of interest and taxes (USD 3.8 billion increase of net debt), the payments for the share buybacks of AB InBev and <strong>Ambev</strong> (USD 1.8 billion increase of net debt), the reacquisition of the 49.9% minority stake in our US-based
    Anheuser-Busch InBev SA/NVAmbev S.a. American Depositary Receipt·EX-99.1 - 6-K - Current report (foreign private issuer)·Q2 26·30 Jul
  • … compared to 31 December 2025. In addition to operating results net of capital expenditures, the change in net debt primarily reflects the payment of interest and tax (3.8 billion US dollar), share buybacks by AB InBev and <strong>Ambev</strong> (1.8 billion US dollar), the reacquisition of the 49.9% minority stake in our US-based metal container plants (2.9 billion US dollar), the acquisition of an 85% controlling stake in BeatBox (0.5 billion US dollar), dividen …
    Anheuser-Busch InBev SA/NVAmbev S.a. American Depositary Receipt·EX-99.2 - 6-K - Current report (foreign private issuer)·Q3 26·30 Jul
  • … ngs Ltd †\* | | 1% | | 62 | | 86.70 | | 5,375 | | Consumer Staples (4%): | | | | | | | | | | | KOF | Coca-Cola FEMSA, S.A.B. de C.V. (ADR) † | | 1% | | 46 | | 117.81 | | 5,419 | | ABEV | Companhia de Bebidas das Americas (<strong>Ambev</strong>) (ADR) † | | 1% | | 1,647 | | 3.27 | | 5,386 | | MNST | Monster Beverage Corporation \* | | 1% | | 116 | | 46.63 | | 5,409 | | TGT | Target Corporation | | 1% | | 35 | | 152.38 | | 5,333 | | Energy (6%): | | | | | | | | | …
    FT 13295Ambev S.a. American Depositary Receipt·487 - FORM S-6 TO EFFECTIVE AMENDMENT·Q4 26·22 Oct

Key Stats

Trading

Px/Chg 1D$2.99 / +3.10%
Prev Close$3.02
% of 52Wk H88.12%
Avg Volume26.34M
Beta0.58
Mkt Cap46.20B
FD Mkt Cap46.98B

Float

Shrs Out/Float15.45B / 15.45B
Short Float0.01%
Days to Cover4.62
Stock Repurchased$413.46M

Current Valuation

EV32.02B
EV/EBITDA1.11
EV/Sales0.36
P/B0.51
P/S0.52
FCF Yield5.83%
ROE4.18%
ROA2.64%
Current Ratio1.03

Dividend

Cash$0.01
Yield4.08%
Yield (TTM)4.08%

Estimates

P/E2.97
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Mar '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings6.503.122.712.7410.4113.53
Price / Sales1.120.570.490.441.822.27
Price / Book Value0.510.550.500.400.510.57
Price / Free Cash Flow6.003.202.101.853.8918.93
ENTERPRISE VALUE METRICS
Enterprise Value29,665.235,470.027,896.715,332.132,820.936,806.1
Enterprise Value / Sales0.790.440.350.171.321.64
Enterprise Value / EBITDA2.441.541.150.533.825.15
Enterprise Value / EBIT3.162.071.560.704.846.64

Financials

Full Financials
Millions BRL5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue4.9%72,854.379,708.879,736.989,452.788,242.5
Gross Income5.1%37,194.639,286.740,445.345,837.645,378.4
EBITDA8.4%20,993.323,084.724,269.529,011.928,974.5
EBIT9.2%15,596.617,128.417,851.621,885.522,142.4
Net Income5.2%12,671.014,457.914,501.914,437.215,503.4
EPS (Diluted)5.5%0.800.910.920.910.99
BALANCE SHEET
Cash & ST Inv2.3%18,542.315,380.916,336.229,837.720,319.9
Total Assets1.7%138,602.5137,958.1132,644.3162,507.9148,112.7
Total Liabilities2.1%54,584.954,630.252,500.562,927.859,337.9
Total Shareholder Equity1.6%82,643.081,955.678,969.398,642.187,914.0
CASH FLOW
Net Operating Cash Flow1.6%22,901.020,642.224,711.426,099.024,450.3
Cap Ex-12.1%-7,677.1-6,533.1-6,004.1-4,749.1-4,590.5
Free Cash Flow6.9%15,223.914,109.118,707.321,349.919,859.8

Enterprise Value Bridge

Millions BRL23 Oct '26
Price (As of 23 Oct '26)3.32
Basic Shares15,452.83
Market Cap51,226.1
Diluted Shares15,674.97
Fully Diluted Shares Outstanding15,674.97
Fully Diluted Market Cap51,962.5
+Consolidated Debt3,105.7
−In-the-Money Convertible Debt—
+Capital Leases2,727.3
+Operating Leases—
−Cash & Equivalents-17,991.9
−Short-term Investments-1,648.7
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest697.9
+Pension Liabilities—
Enterprise Value37,037.9

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