Ambev S.A. - ADR
ABEV
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+ FollowMarket Cap$50.94B
Close$
Earnings Call Q4 2025
February 13, 2026 - AI Summary
Strong Performance in 2025: Ambev reported a consolidated normalized EBITDA margin expansion of 50 basis points, reaching 33.4%, driven by a net revenue per hectoliter growth of 7.5% and successful resource allocation. The company returned approximately BRL 20 billion to shareholders, including BRL 13.2 billion in dividends and a BRL 2.5 billion share buyback program, the highest in its history.
Demand for Beer Remains Robust: Despite challenging weather conditions impacting the beer industry in Brazil, especially in the first half of 2025, Ambev's performance improved in the second half of the year. The company capitalized on favorable conditions in December to achieve low single-digit market share gains, indicating that consumers' love for beer remains strong.
Challenges with Core Brands: While premium brands showed high growth rates, the core segment struggled due to external factors such as unseasonable weather affecting out-of-home occasions, which primarily impact core beer sales. The management believes there is significant potential to revitalize core brands and maintain accessibility through targeted innovations like Skol Zero Zero.
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$5.88
76.7% upside
Current Fair Value
76.7% upsideUndervalued by 76.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $50.94 Billion |
|---|---|
| Enterprise Value | $42.33 Billion |
| Dividend Yield | $0.13 (4.32%) |
| Earnings per Share | $0.99 |
| Beta | 0.27 |
| Outstanding Shares | 15,513,700,000 |
Return
| Return on Equity | 18.40% |
|---|---|
| Return on Assets | 11.76% |
| Return on Invested Capital | 22.91% |
Valuation & Multiples
| P/E Ratio | 16.19 |
|---|---|
| PEG | 65.76 |
| Price to Sales | 0.67 |
| Price to Book Ratio | 0.67 |
| Enterprise Value to Revenue | 0.48 |
| Enterprise Value to EBIT | 1.87 |
| Enterprise Value to Net Income | 2 |
| Total Debt to Enterprise | 0.19 |
| Debt to Equity | 0.09 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
July 30, 2026
EPS Estimate
$0.04
Average shareholder expectationRevenue Estimate
$4.05 B
Average shareholder expectationNext Earnings Call
Expected Date
October 29, 2026
EPS Estimate
$0.05
Average shareholder expectationRevenue Estimate
$4.16 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.0000▼ 4.93% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.08%▼ 6.70% |
|---|---|
| Total Invested | $36.19M▼ 98.90% |
| Investors Holding | 42▼ 367.00% |
ESG Score
No data
About Ambev S.A.
39,000 employees
CEO: Carlos Eduardo Klutzenschell Lisboa 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 c...