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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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Ambev S.A. is a leading Brazilian brewer and beverage company that produces and distributes beer, soft drinks and other drinks across Brazil and several Latin American markets. Long-term growth could be supported by scale, premiumization, expansion of non-alcoholic and ready-to-drink categories, and pricing and distribution strength that may support steady cash generation.
Key risks include Brazilian macroeconomic and currency volatility, swings in commodity and packaging costs, regulatory or tax changes, and competitive pressure that could hurt volumes and margins.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 19421.70M | 19487.30M | 15035.90M | 14235.70M | 13759.20M |
| Minority interest | -485.00M | -409.70M | -434.20M | -433.30M | -451.60M |
| Net income | 15503.40M | 14437.20M | 14501.90M | 14457.90M | 12671.00M |
| Selling general administrative | 5862.92M | 6201.10M | 5273.70M | 5236.80M | 4877.40M |
| Selling and marketing expenses | 19276.99M | 20191.30M | 18163.10M | 18732.70M | 16968.20M |
| Gross profit | 45378.34M | 45837.60M | 40445.30M | 39286.70M | 37194.60M |
| Reconciled depreciation | 6832.10M | 7126.40M | 6415.20M | 5956.30M | 5396.70M |
| Ebit | 19623.03M | 21885.50M | 17851.60M | 17687.90M | 17080.20M |
| Ebitda | 26318.74M | 29011.90M | 24269.50M | 26351.60M | 22866.70M |
| Depreciation and amortization | 6695.71M | 7126.40M | 6417.90M | 8663.70M | 5786.50M |
| Operating income | 23317.70M | 21801.70M | 18831.00M | 17687.90M | 17080.20M |
| Other operating expenses | 64924.87M | 67651.00M | 60905.90M | 61966.40M | 55447.20M |
| Interest expense | 949.10M | 2398.20M | 578.43M | 2328.30M | 1431.80M |
| Tax provision | 3433.30M | 4640.40M | 75.50M | -655.60M | 636.60M |
| Interest income | 1403.40M | 1623.90M | 2204.80M | 2167.70M | 1101.50M |
| Net interest income | -512.10M | -598.80M | -778.50M | 353.80M | -114.20M |
| Income tax expense | 3433.22M | 4640.40M | 75.50M | -655.60M | 636.60M |
| Total revenue | 88242.47M | 89452.70M | 79736.90M | 79708.80M | 72854.30M |
| Total operating expenses | 22060.74M | 24035.90M | 21614.30M | 21544.30M | 19787.50M |
| Cost of revenue | 42864.13M | 43615.10M | 39291.60M | 40422.10M | 35659.70M |
| Total other income expense net | -3896.00M | -2314.40M | -3795.10M | -3452.20M | -3321.00M |
| Net income from continuing ops | 15988.40M | 14846.90M | 15515.32M | 14891.30M | 13122.60M |
| Net income applicable to common shares | - | - | - | 14457.94M | 12670.97M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 148112.68M | 162507.95M | 132644.13M | 137958.10M | 138602.50M |
| Intangible assets | 11042.70M | 12530.71M | 10041.73M | 9222.20M | 8689.00M |
| Other current assets | 2807.43M | 2776.08M | 4866.37M | 1037.90M | 1082.90M |
| Total liab | 59337.90M | 62927.80M | 52500.33M | 54630.30M | 54584.90M |
| Total stockholder equity | 87914.04M | 98642.10M | 78969.29M | 81955.60M | 82643.00M |
| Other current liab | 21835.89M | 15299.40M | 15171.20M | 15155.10M | 2827.80M |
| Common stock | 58275.08M | 58226.00M | 58177.93M | 58130.50M | 58042.50M |
| Capital stock | 58275.10M | 58226.00M | 58177.90M | 58130.50M | 58042.50M |
| Retained earnings | 18036.34M | 53637.02M | 43189.84M | 36906.90M | 31191.64M |
| Other liab | - | - | - | 11301.58M | 13465.05M |
| Good will | 41538.39M | 44342.67M | 38003.64M | 40594.00M | 42411.30M |
| Other assets | - | - | -2494.61M | 19718.40M | 0.10M |
| Cash | 18638.23M | 28595.70M | 16059.00M | 14926.40M | 16627.70M |
| Total current liabilities | 45599.31M | 49389.20M | 41004.90M | 40540.50M | 38866.40M |
| Current deferred revenue | - | 0.03M | 0.01M | - | 10113.60M |
| Net debt | -13288.64M | -25143.00M | -12557.90M | -11081.40M | -13527.20M |
| Short term debt | 1167.33M | 1276.36M | 1298.10M | 1056.90M | 847.10M |
| Short long term debt | 154.30M | 163.60M | 151.20M | 1056.90M | 847.10M |
| Short long term debt total | 5349.59M | 3452.70M | 3501.10M | 3845.00M | 3100.50M |
| Other stockholder equity | -2947.61M | -68557.30M | -26802.50M | -65671.09M | -61778.30M |
| Property plant equipment | - | - | - | 30055.69M | 29224.26M |
| Total current assets | 43875.60M | 54155.78M | 36563.05M | 37816.70M | 38627.10M |
| Long term investments | 609.10M | 579.90M | 531.30M | 551.00M | 498.10M |
| Net tangible assets | - | - | - | 32139.35M | 31542.76M |
| Short term investments | 1681.69M | 1242.00M | 277.20M | 454.50M | 1914.60M |
| Net receivables | 10228.16M | 9852.20M | 5741.46M | 8202.60M | 7404.20M |
| Long term debt | 256.90M | 324.00M | 391.00M | 2788.10M | 2253.40M |
| Inventory | 10520.09M | 11689.80M | 9619.02M | 12923.00M | 11000.30M |
| Accounts payable | 22596.09M | 25223.50M | 23195.10M | 24328.50M | 25077.90M |
| Accumulated other comprehensive income | 14550.23M | 108973.40M | 4404.02M | 23825.10M | 24600.50M |
| Non currrent assets other | 11318.73M | 20728.63M | 20874.17M | 13279.70M | 14424.90M |
| Non current assets total | 104237.09M | 108352.16M | 96081.08M | 100141.40M | 99975.30M |
| Capital lease obligations | 2975.70M | 2965.10M | 2958.90M | 3117.40M | 2639.30M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -441.50M | -5463.40M | -5766.00M | -5004.10M | -241.27M |
| Change to liabilities | - | - | - | 726.62M | 6157.50M |
| Total cashflows from investing activities | -4950.18M | -5463.40M | - | -5004.14M | -7734.88M |
| Net borrowings | -1278.70M | -1446.30M | - | -810.10M | -2801.93M |
| Total cash from financing activities | -26771.52M | -10351.99M | -16115.20M | -16337.90M | -16041.80M |
| Net income | 15503.40M | 14846.90M | 14501.94M | 14891.30M | 13122.60M |
| Change in cash | -9957.44M | 12536.66M | 1206.90M | -1745.10M | -493.10M |
| Begin period cash flow | 28595.67M | 16059.00M | 14852.10M | 16597.20M | 17090.30M |
| End period cash flow | 18638.23M | 28595.67M | 16059.00M | 14852.10M | 16597.20M |
| Total cash from operating activities | 24450.28M | 26099.03M | 24711.40M | 20642.20M | 22901.00M |
| Issuance of capital stock | - | 17.50M | 14.50M | 23.80M | 3.42M |
| Depreciation | 6829.87M | 7126.40M | 6415.20M | 5956.30M | 5396.70M |
| Other cashflows from investing activities | 6.15M | 164.00M | - | 15.00M | 15.01M |
| Dividends paid | 20463.51M | 4056.38M | 11921.95M | 12242.30M | 11115.30M |
| Change to inventory | -30.90M | -1702.55M | 1300.77M | -3088.00M | -3499.50M |
| Change to account receivables | -312.89M | 220.44M | -1373.88M | -322.51M | 341.43M |
| Sale purchase of stock | -1925.65M | -467.60M | -118.99M | -54.10M | -44.20M |
| Other cashflows from financing activities | -3103.64M | -4399.22M | -2731.01M | -2980.40M | -2080.30M |
| Change to netincome | - | - | - | 2911.87M | 1833.84M |
| Capital expenditures | 4590.47M | 4749.10M | 6004.10M | 6533.10M | 7677.10M |
| Change in working capital | -1616.01M | -165.00M | -296.10M | -2683.90M | 2999.40M |
| Stock based compensation | 454.20M | 400.90M | 331.62M | 313.90M | 387.60M |
| Other non cash items | 4304.06M | -1024.96M | 3504.94M | 2820.20M | 358.10M |
| Free cash flow | 19859.81M | 21349.93M | 18707.30M | 14109.10M | 15223.90M |
Sector: Consumer Defensive Industry: Beverages - Brewers
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ABEV Ambev SA ADR |
- -% |
2.79 | 15.10 | 13.33 | 0.53 | 2.70 | 2.60 | 7.74 |
| BUD Anheuser Busch Inbev NV ADR |
-1.24 1.46% |
83.96 | 21.47 | 17.61 | 2.39 | 1.67 | 3.49 | 9.94 |
| BUDFF Anheuser-Busch InBev SA/NV |
- -% |
84.01 | 21.54 | 17.39 | 2.39 | 1.65 | 3.49 | 9.94 |
| HINKF Heineken N.V |
- -% |
94.39 | 20.24 | 16.16 | 1.92 | 2.69 | 2.58 | 12.55 |
| HEINY Heineken NV |
-0.54 1.15% |
46.34 | 17.57 | 13.18 | 1.56 | 2.09 | 1.96 | 8.74 |
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.
Rua Dr. Renato Paes de Barros, 1017, São Paulo, SP, Brazil, 04530-001
55 80 0725 8000
39000
| Name | Title | Year Born |
|---|---|---|
| Mr. Jean Jereissati Neto | CEO & Member of Exec. Board | 1974 |
| Mr. Lucas Machado Lira | Member of Board of Exec. Officers, Chief Financial & IR and Shared Services Officer | 1977 |
| Mr. Eduardo Braga Cavalcanti de Lacerda | VP Officer of Commercial & Member of Exec. Board of Officers | 1977 |
| Mr. Ricardo Morais Pereira de Melo | VP Officer of People and Management & Member of Exec. Board of Officers | 1972 |
| Mr. Rodrigo Figueiredo de Souza | VP Officer of Procurement & Member of Exec. Board of Officers | 1976 |
| Mr. Daniel Cocenzo | VP Officer of Sales & Member of Exec. Board of Officers | 1975 |
| Ms. Leticia Rudge Barbosa Kina | VP Officer of Legal & Compliance, Member of Exec. Board of Officers and Sec. | 1977 |
| Mr. Paulo André Zagman | VP Officer of Logistics & Member of Exec. Board of Officers | 1977 |
| Mr. Eduardo Eiji Horai | VP Officer of Information Technology & Member of Board of Exec. Officers | 1986 |
| Mr. Daniel Wakswaser Cordeiro | VP Officer of Marketing & Member of Exec. Board of Officers | 1985 |
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