Ambev (ABEV3) Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 4/6 |
ABEV3 Community Fair Values
Create NarrativeSee what 46 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Ambev S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R$16.43 |
| 52 Week High | R$17.04 |
| 52 Week Low | R$11.68 |
| Beta | 0.23 |
| 1 Month Change | 13.23% |
| 3 Month Change | 5.32% |
| 1 Year Change | 17.27% |
| 3 Year Change | 10.86% |
| 5 Year Change | -16.13% |
| Change since IPO | -5.57% |
Recent News & Updates
Analysis Article • May 08
Ambev S.A. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Shareholders of Ambev S.A. ( BVMF:ABEV3 ) will be pleased this week, given that the stock price is up 13% to R$16.41...
Narrative Update • May 01
ABEV3: Profitability Focus And Execution Risk Will Shape Fairly Valued Outlook
Narrative Update Overview The analyst price target for Ambev has been adjusted from about R$15.09 to roughly R$15.37, as analysts factor in updated expectations for profitability-led earnings and cash flow and incorporate the mixed tone of recent rating and target changes. Analyst Commentary Recent research on Ambev reflects a mix of optimism around earnings quality and caution on execution risk, which helps explain the modest reset in price targets.
Narrative Update • Apr 17
ABEV3: Profitability And Cash Generation Will Support Future Return Potential
Analysts now see Ambev's fair value at about R$19.77 versus roughly R$17.49 previously, reflecting updated views on profit margins and future P/E multiples after recent research, including a price target increase at Barclays and a downgrade at UBS. Analyst Commentary Recent Street research around Ambev highlights a mix of views, with some bullish analysts focusing on earnings quality and cash generation potential as key drivers behind their updated assumptions.Recent updates
Analysis Article • May 08
Ambev S.A. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Shareholders of Ambev S.A. ( BVMF:ABEV3 ) will be pleased this week, given that the stock price is up 13% to R$16.41...Narrative Update • May 01
ABEV3: Profitability Focus And Execution Risk Will Shape Fairly Valued Outlook
Narrative Update Overview The analyst price target for Ambev has been adjusted from about R$15.09 to roughly R$15.37, as analysts factor in updated expectations for profitability-led earnings and cash flow and incorporate the mixed tone of recent rating and target changes. Analyst Commentary Recent research on Ambev reflects a mix of optimism around earnings quality and caution on execution risk, which helps explain the modest reset in price targets.Narrative Update • Apr 17
ABEV3: Profitability And Cash Generation Will Support Future Return Potential
Analysts now see Ambev's fair value at about R$19.77 versus roughly R$17.49 previously, reflecting updated views on profit margins and future P/E multiples after recent research, including a price target increase at Barclays and a downgrade at UBS. Analyst Commentary Recent Street research around Ambev highlights a mix of views, with some bullish analysts focusing on earnings quality and cash generation potential as key drivers behind their updated assumptions.Narrative Update • Apr 01
ABEV3: Profitability Led Earnings And Cash Flow Will Shape Fairly Valued Outlook
Analysts have raised their main price target for Ambev shares to R$3.00 from R$2.50, citing expectations that the company is entering 2026 positioned for profitability-led earnings and cash flow growth. Analyst Commentary Bullish analysts are framing the new R$3.00 price target as a reflection of growing confidence in Ambev’s ability to convert profitability into more resilient earnings and cash generation as the company approaches 2026.Narrative Update • Mar 18
ABEV3: Profitability Focus And Cash Flow Execution Will Shape Fairly Valued Outlook
Analysts have lifted the fair value estimate for Ambev to R$15.09 from R$14.81, citing updated views on profitability-led earnings and cash flow growth that align with higher Street price targets such as Barclays' move to R$3.00 from R$2.50. Analyst Commentary Bullish Takeaways Bullish analysts view the higher US$3.00 price target as more in line with expectations for profitability-led earnings, which they see as better supporting the updated fair value estimate.
Narrative Update • Mar 04
ABEV3: Profitability Expectations Will Heighten Execution Risks And Limit Share Rerating
Analysts have raised their fair value estimate for Ambev to R$11.0 from R$10.6, highlighting expectations that profitability-led earnings and cash flow growth are in line with the recent uptick in Street price targets. Analyst Commentary The latest research points to a more constructive view on Ambev’s ability to generate earnings and cash flow, with a higher fair value estimate and a higher external price target helping frame the current debate on the shares.Narrative Update • Feb 18
ABEV3: Profitability Execution Risk May Limit Appeal Despite Cash Flow Outlook
Analysts have nudged their Ambev price target higher, with the fair value estimate moving from R$13.98 to R$14.81, citing expectations for profitability-led earnings and cash flow growth into 2026. Analyst Commentary Recent research has focused on how Ambev might balance earnings quality with cash generation as it approaches 2026.Narrative Update • Feb 04
ABEV3: Special Dividend Plan Will Support Future Return Potential
Analysts have nudged their price target on Ambev higher to US$17.49 from US$17.00. They point to updated assumptions around revenue growth, discount rate, profit margin and future P/E as the key drivers behind the change.Narrative Update • Jan 20
ABEV3: Dividend Payouts And Buybacks Will Support A Balanced Outlook
Analysts have inched their price target for Ambev down from US$14.00 to about US$13.98. This reflects slightly revised assumptions around revenue growth, margins and future P/E multiples, while keeping their overall view broadly unchanged.Analysis Article • Jan 13
Why We Like The Returns At Ambev (BVMF:ABEV3)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Narrative Update • Jan 06
ABEV3: Dividend Plans And Share Buybacks Will Define A Balanced Risk Outlook
Analysts have nudged their price target on Ambev to US$14.00. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.Analysis Article • Dec 26
Ambev S.A. (BVMF:ABEV3) Investors Are Less Pessimistic Than Expected
When close to half the companies in Brazil have price-to-earnings ratios (or "P/E's") below 9x, you may consider Ambev...Narrative Update • Dec 14
ABEV3: Brazilian Alcoholic Beverage Slump Will Pressure Earnings And Share Price
Analysts have trimmed their price target on Ambev to R$10.10 from R$10.20, reflecting weaker expected revenue growth and margins as they factor in the recent double digit contraction in Brazilian alcoholic beverage production. Analyst Commentary Bearish analysts are increasingly aligning around a more cautious stance on Ambev as they reassess earnings power and growth visibility in light of the sharp contraction in Brazilian alcoholic beverage production.Analysis Article • Dec 08
Does Ambev (BVMF:ABEV3) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Nov 29
ABEV3: Persistent Production Declines Will Shape Near-Term Performance And Risk Outlook
Analysts have lowered their price target for Ambev from R$10.20 to R$10.10. They cite recent declines in alcoholic beverage production in Brazil as a key factor driving the adjustment.Narrative Update • Nov 15
ABEV3: Weaker Production And Consumer Environment Will Drive Near-Term Performance
Ambev's analyst price targets have been revised downward, with the most notable recent adjustments including a decrease from R$10.20 to R$10.10 and from $2.50 to $2.20. Analysts flag weaker industrial production and ongoing challenges in Brazil's beverage sector.Analysis Article • Nov 02
Ambev S.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
It's been a good week for Ambev S.A. ( BVMF:ABEV3 ) shareholders, because the company has just released its latest...Narrative Update • Nov 01
ABEV3: Future Performance Will Depend On Demand Recovery Amid Soft Market Trends
Ambev's analyst price target has been modestly reduced, with consensus moving down by approximately $0.12 per share. Analysts cited weaker beverage production trends and continuing soft demand in Brazil.Narrative Update • Oct 17
Digital Expansion And Premium Trends Will Secure Success
Analysts have slightly reduced their price target for Ambev, citing weaker industrial production data and a modest slowdown in expected revenue growth and profit margin. The fair value estimate has declined from R$14.13 to R$13.96.Narrative Update • Oct 03
Digital Expansion And Premium Trends Will Secure Success
Ambev's analyst price target has been revised downward, decreasing from $2.50 to $2.20. Analysts cite tempered expectations for both revenue growth and profit margins in their updated outlook.Analysis Article • Sep 28
The Trend Of High Returns At Ambev (BVMF:ABEV3) Has Us Very Interested
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Analysis Article • Sep 10
Ambev S.A.'s (BVMF:ABEV3) Price Is Out Of Tune With Earnings
With a price-to-earnings (or "P/E") ratio of 13x Ambev S.A. ( BVMF:ABEV3 ) may be sending bearish signals at the...Narrative Update • Sep 04
Digital Expansion And Premium Trends Will Secure Success
With no change in key metrics such as Future P/E (19.40x) and Net Profit Margin (17.26%), the consensus analyst price target for Ambev remained steady at R$14.41. What's in the News Ambev completed a share buyback, repurchasing 155,159,038 shares (0.99%) for BRL 1,930.82 million under the previously announced program.Analysis Article • Jul 26
Is Ambev (BVMF:ABEV3) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jun 02
Ambev S.A.'s (BVMF:ABEV3) Price Is Out Of Tune With Earnings
With a price-to-earnings (or "P/E") ratio of 15.2x Ambev S.A. ( BVMF:ABEV3 ) may be sending very bearish signals at the...
New Narrative • Nov 07
Innovation And Premium Branding Propel Revenue Growth Despite Economic Headwinds
Strategic pricing and premium brand focus drive revenue growth and enhance margins, with technology boosting market penetration and cost efficiency.Shareholder Returns
| ABEV3 | BR Beverage | BR Market | |
|---|---|---|---|
| 7D | -1.0% | 0.4% | -0.8% |
| 1Y | 17.3% | 6.7% | 13.0% |
Return vs Industry: ABEV3 exceeded the BR Beverage industry which returned 6.7% over the past year.
Return vs Market: ABEV3 exceeded the BR Market which returned 13% over the past year.
Price Volatility
| ABEV3 volatility | |
|---|---|
| ABEV3 Average Weekly Movement | 5.3% |
| Beverage Industry Average Movement | 4.3% |
| Market Average Movement | 4.9% |
| 10% most volatile stocks in BR Market | 8.1% |
| 10% least volatile stocks in BR Market | 1.9% |
Stable Share Price: ABEV3 has not had significant price volatility in the past 3 months compared to the BR market.
Volatility Over Time: ABEV3's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1853 | 39,000 | Carlos Eduardo Lisboa | www.ambev.com.br |
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.
Ambev S.A. Fundamentals Summary
| ABEV3 fundamental statistics | |
|---|---|
| Market cap | R$255.86b |
| Earnings (TTM) | R$15.58b |
| Revenue (TTM) | R$88.21b |
16.4x
P/E Ratio2.9x
P/S RatioIs ABEV3 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ABEV3 income statement (TTM) | |
|---|---|
| Revenue | R$88.21b |
| Cost of Revenue | R$42.80b |
| Gross Profit | R$45.41b |
| Other Expenses | R$29.83b |
| Earnings | R$15.58b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 30, 2026
| Earnings per share (EPS) | 1.00 |
| Gross Margin | 51.48% |
| Net Profit Margin | 17.66% |
| Debt/Equity Ratio | 0.4% |
How did ABEV3 perform over the long term?
See historical performance and comparisonDividends
6.8%
Current Dividend Yield86%
Payout RatioDoes ABEV3 pay a reliable dividends?
See ABEV3 dividend history and benchmarks| Ambev dividend dates | |
|---|---|
| Ex Dividend Date | Dec 19 2025 |
| Dividend Pay Date | Jul 06 2026 |
| Days until Ex dividend | 165 days |
| Days until Dividend pay date | 34 days |
Does ABEV3 pay a reliable dividends?
See ABEV3 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/02 01:21 |
| End of Day Share Price | 2026/06/01 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ambev S.A. is covered by 32 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Benjamin Theurer | Barclays |
| Benjamin Theurer | Barclays |
| Berenice Muñoz | Barclays |