Ambev ABEV
Ambev S.A. is a Brazilian beverage company, a subsidiary of AB InBev, that produces and distributes beer, soft drinks and other non-alcoholic beverages in Latin America, with brands such as Skol, Brahma and Antarctica. Ambev presents solid financial health with net cash (ND/EBITDA -0.57), an operating margin of 23.74%, and earnings growth of 24.6%, supporting a reasonable valuation (P/E 14.55) and an attractive dividend yield of 5.5%.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Ambev S.A. is a Brazilian beverage company, a subsidiary of AB InBev, that produces and distributes beer, soft drinks and other non-alcoholic beverages in Latin America, with brands such as Skol, Brahma and Antarctica. Ambev presents solid financial health with net cash (ND/EBITDA -0.57), an operating margin of 23.74%, and earnings growth of 24.6%, supporting a reasonable valuation (P/E 14.55) and an attractive dividend yield of 5.5%.
Score by category
| Category | Score |
|---|---|
| Financial health | 8.1 |
| Quality / Moat | 7.8 |
| Valuation | 7.5 |
| Growth | 5.9 |
| Dividend | 7.6 |
| Momentum | 7.0 |
| Risk & Context | 5.5 |
OVERALL SCORE: 7.2/10
Context and risks
Ambev is domiciled in Brazil, an emerging market with weak institutional governance, capital controls, and limited minority shareholder protection. Although it is not a state-owned company, the country's institutional quality justifies a -1.5 penalty on the base risk, which already captures market volatility.
News considered in the analysis
- Ambev SA's Dividend Analysis — Análisis genérico de dividendo sin información nueva sobre la empresa.
- Ambev (ABEV) Q2 2026 Earnings Call Transcript — La transcripción de resultados del Q2 2026 confirma el crecimiento de beneficios del 24.6% y la expansión digital, información ya parcialmente reflejada en el precio.
- Ambev SA (ABEV) (Q2 2026) Earnings Call Highlights: Strong Beer Growth and Digital Expansion ... — Los resultados del Q2 2026 muestran un sólido crecimiento en cerveza y expansión digital, lo que respalda la nota de crecimiento, aunque el mercado ya lo ha descontado en gran medida.
- Ambev Q2 Earnings Call Highlights — Los aspectos destacados de la llamada de resultados del Q2 2026 son consistentes con las métricas reportadas, sin sorpresas materiales nuevas.
- CCU vs. ABEV: Which Stock Should Value Investors Buy Now? — Comparativa genérica de valoración entre dos acciones sin información específica nueva sobre Ambev.
Verdict: Hold or buy on dips; fundamentals are solid and valuation is reasonable, but governance risk in Brazil limits upside potential.
Main risk: The main risk is exposure to Brazil, with weak institutional governance, capital controls, and limited minority shareholder protection, which could affect dividend repatriation and the stock's valuation.
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