ABEV
Ambev S.A.
ABEV lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to hold roughly steady.
ABEV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
ABEV's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
ABEV PE Valuation
ABEV has no meaningful PE right now: it lost money over the past year.
ABEV Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect ABEV's earnings, revenue and profitability to hold roughly steady.
ABEV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.19 | +12% |
| Q1 2026 | $0.18 | +13% |
| Q4 2025 | $0.18 | +13% |
| Q3 2025 | $0.18 | +13% |
| Q2 2025 | $0.17 | +13% |
| Q1 2025 | $0.16 | 0% |
| Q4 2024 | $0.16 | 0% |
| Q3 2024 | $0.16 | 0% |
ABEV earned $0.19 per share over the past year, up 12% from the year before.
ABEV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.6B | +0.3% |
| Q1 2026 | $4B | -0.1% |
| Q4 2025 | $4.4B | -8.2% |
| Q3 2025 | $3.7B | -5.7% |
| Q2 2025 | $3.6B | +0.2% |
| Q1 2025 | $4B | +11% |
| Q4 2024 | $4.8B | +35% |
| Q3 2024 | $4B | +8.8% |
ABEV's revenue fell from its 2024 peak and has held roughly level since: $3.6B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 24% | +1.7 points |
| Q1 2026 | 26% | +0.7 points |
| Q4 2025 | 30% | +2 points |
| Q3 2025 | 30% | +6.2 points |
| Q2 2025 | 22% | +1.5 points |
| Q1 2025 | 25% | +1.3 points |
| Q4 2024 | 28% | -0.2 points |
| Q3 2024 | 24% | -0.1 points |
ABEV's operating margin was 24% last quarter, up 1.7 points from the same quarter a year ago.
ABEV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $686M | +95% |
| Q1 2026 | $482.3M | +617% |
| Q4 2025 | $2.1B | -6.2% |
| Q3 2025 | $1.1B | -15% |
| Q2 2025 | $351.2M | -16% |
| Q1 2025 | $67.3M | +$120.6M |
| Q4 2024 | $2.2B | +6.2% |
| Q3 2024 | $1.2B | +4.2% |
ABEV generated $4.3B in free cash flow over the past year, up 11% from the year before.
ABEV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -94.9M shares |
| 1 year | -1% | -157M shares |
| 3 years | -1.7% | -266M shares |
| 5 years | -1.7% | -276M shares |
| Available history | -1.7% | -268M shares |
ABEV has 15.6B diluted shares, down 1% from a year ago, with $491M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $400.9M |
| Q1 2026 | $74M |
| Q4 2025 | $16.3M |
| Q3 2025 | — |
| Q2 2025 | $138.7M |
| Q1 2025 | $189.2M |
| Q4 2024 | $17.9M |
| Q3 2024 | $40,821 |
ABEV spent $491M buying back its own shares over the past year, up 42% from the year before.
ABEV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.5x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
ABEV has more cash than debt.
ABEV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.8 | Neutral |
| Stochastic | 14.5 | Oversold |
ABEV's weekly RSI is 43 (neutral) and its Stochastic is 15 (oversold).
ABEV PE vs Consumer Defensive Sector
| Metric | ABEV | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 19x | — |
ABEV has no meaningful PE right now: it lost money over the past year.
ABEV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.98 | 8.4% below |
| 20 week MA | $2.99 | 8.7% below |
| 50 week MA | $2.94 | 7.1% below |
| 100 week MA | $2.59 | 5.4% above |
| 200 week MA | $2.58 | 5.8% above |
ABEV has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 5.8% above its 200-week average.
ABEV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.71 | $3.05 | -35% |
| 2021 | $3.05 | $2.74 | -10% |
| 2022 | $2.74 | $2.81 | +2.6% |
| 2023 | $2.81 | $2.80 | -0.4% |
| 2024 | $2.80 | $1.87 | -33% |
| 2025 | $1.87 | $2.43 | +30% |
| 2026 YTD | $2.43 | $2.73 | +12% |
ABEV has finished lower in four of the last six years. It's up 12% so far in 2026.