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What this page is: Delvantic's full research page for Ambev S.A. (ABEV) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Ambev S.A.
ABEV NYSE
Consumer Defensive · Beverages - Brewers
São Paulo, SP 04530-001, Brazil
ambev.com.br
Price
$2.84
Market Cap
$43.8B
Employees
39,000
Beta
0.26
Avg Volume
27,020,932
Last Dividend
$0.03
CEO
Mr. Carlos Eduardo Klutzenschell Lisboa
Ambev S.A. is a Brazil-based beverage company focused on producing, distributing, and selling beer and non-alcoholic drinks across the Americas. The company operates through three main geographic segments: Latin America North, centered on Brazil and including several Caribbean and Central American markets; Latin America South, covering countries such as Argentina, Bolivia, Paraguay, Uruguay, and Chile; and Canada, where it operates primarily through the Labatt brand. Ambev S.A. offers a broad portfolio that spans mainstream and premium beers, carbonated soft drinks, and other non-alcoholic, non-carbonated beverages. Its portfolio includes well-known global and local brands such as Brahma, Budweiser, Corona, Pepsi, and Lipton, allowing it to serve diverse consumer preferences and price points. Headquartered in Brazil, Ambev S.A. plays a significant role in the regional beverage supply chain, leveraging extensive distribution networks, strong brand recognition, and partnerships with global brand owners to maintain a leading presence in the Latin American and Canadian beverage markets.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 13 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 30, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+0.0%
Oct '25
+16.1%
Jan '26
+0.0%
Feb '26
+25.0%
May '26
+33.3%
Jul '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jul 30, 2026 | $0.03 | $0.04 +33.3% | — | — |
| May 5, 2026 | $0.04 | $0.05 +25.0% | — | — |
| Feb 12, 2026 | $0.05 | $0.05 +0.0% | — | — |
| Jan 23, 2026 | $1.61 | $1.87 +16.1% | — | — |
| Oct 30, 2025 | $0.04 | $0.04 +0.0% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
Last updated: Aug 13, 2026 10:40pm (10h ago)| Filed | Form | Document |
|---|---|---|
| Aug 10, 2026 | 6-K | View |
| Aug 10, 2026 | 6-K | View |
| Jul 31, 2026 | 6-K | View |
| Jul 31, 2026 | 4 | View |
| Jul 30, 2026 | 144 | View |
| Jul 30, 2026 | 6-K | View |
| Jul 30, 2026 | 6-K | View |
| Jul 30, 2026 | 6-K | View |
| Jul 30, 2026 | 6-K | View |
| Jul 30, 2026 | 6-K | View |
| Jul 10, 2026 | 6-K | View |
| Jul 10, 2026 | 6-K | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 14, 2026 8:42am (just now)
Current data · timestamped when a report runs
$2.84
Change · Aug 14
+0.02 (+0.71%)
Day Range
$2.82 – $2.88
52-Week Range
$2.10 – $3.45
50-Day MA
$3.08
200-Day MA
$2.88
Volume
23,606,553.00
Share Structure
Outstanding
15,452,795,091.00
Float
4,025,453,098.00
Free Float
26.0%
Low free float
— 26.0% of shares trade freely, ~74% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Why there are no quarterly figures for Ambev S.A.
This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
14.86
Stock Price: $2.84
EPS (Diluted): 0.19
EPS (Diluted): 0.19
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
2.60
Stock Price: $2.84
Total Equity: $17.16B
Shares: 15,683,900,000
Total Equity: $17.16B
Shares: 15,683,900,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
7.10
Market Cap: $43.79B
Total Debt: $654.72M
Cash: $3.60B
EBITDA: $5.83B
Total Debt: $654.72M
Cash: $3.60B
EBITDA: $5.83B
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$41.4B
Market Cap: $43.79B
Total Debt: $654.72M
Cash: $3.60B
Total Debt: $654.72M
Cash: $3.60B
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
51.4%
Gross Profit: $8.77B
Revenue: $17.06B
Revenue: $17.06B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
26.4%
Operating Income: $4.51B
Revenue: $17.06B
Revenue: $17.06B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
17.6%
Net Income: $3.00B
Revenue: $17.06B
Revenue: $17.06B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
17.5%
Net Income: $3.00B
Total Equity: $17.16B
Total Equity: $17.16B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
25.1%
Operating Income: $4.51B
Tax Rate: N/A
Equity: $17.16B
Total Debt: $654.72M
Cash: $3.60B
Tax Rate: N/A
Equity: $17.16B
Total Debt: $654.72M
Cash: $3.60B
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
0.96
Current Assets: $8.48B
Current Liabilities: $8.81B
Current Liabilities: $8.81B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.04
Short-Term Debt: $225.65M
Long-Term Debt: $429.07M
Total Debt: $654.72M
Total Equity: $17.16B
Long-Term Debt: $429.07M
Total Debt: $654.72M
Total Equity: $17.16B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$1.09
Revenue: $17.06B
Shares: 15,683,900,000
Shares: 15,683,900,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$1.09
Total Equity: $17.16B
Shares: 15,683,900,000
Shares: 15,683,900,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$0.24
Operating CF: $4.73B
CapEx: -$887.39M
Shares: 15,683,900,000
CapEx: -$887.39M
Shares: 15,683,900,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
1.1%
Last Dividend: $0.03
Stock Price: $2.84
Stock Price: $2.84
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $3.00B
Net Income: $3.00B
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 12, 2026 10:22am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.1B | $15.4B | $15.4B | $17.3B | $17.1B |
| Cost of Revenue | $6.9B | $7.8B | $7.6B | $8.4B | $8.3B |
| Gross Profit | $7.2B | $7.6B | $7.8B | $8.9B | $8.8B |
| Operating Expenses | $3.9B | $4.2B | $4.2B | $4.6B | $4.3B |
| Operating Income | $3.3B | $3.4B | $3.6B | $4.2B | $4.5B |
| Net Income | $2.4B | $2.8B | $2.8B | $2.8B | $3.0B |
| EBITDA | $4.3B | $4.6B | $4.9B | $5.6B | $5.8B |
| EPS | $0.16 | $0.18 | $0.18 | $0.18 | $0.19 |
| EPS (Diluted) | $0.15 | $0.18 | $0.18 | $0.18 | $0.19 |
Balance Sheet (Annual)
Last updated: Aug 12, 2026 10:22am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3.2B | $2.9B | $3.1B | $5.5B | $3.6B |
| Total Current Assets | $7.5B | $7.3B | $7.1B | $10.5B | $8.5B |
| Total Assets | $26.8B | $26.7B | $25.6B | $31.4B | $28.0B |
| Current Liabilities | $7.5B | $7.8B | $7.9B | $9.5B | $8.8B |
| Long-Term Debt | $435.6M | $539.0M | $425.9M | $420.7M | $429.1M |
| Total Liabilities | $10.6B | $10.6B | $10.1B | $12.2B | $10.9B |
| Total Equity | $16.2B | $16.1B | $15.5B | $19.2B | $17.2B |
| Retained Earnings | — | — | — | — | — |
Cash Flow (Annual)
Last updated: Aug 12, 2026 10:22am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $4.4B | $4.0B | $4.8B | $5.0B | $4.7B |
| Capital Expenditure | -$1.5B | -$1.3B | -$1.2B | -$918.0M | -$887.4M |
| Free Cash Flow | $2.9B | $2.7B | $3.6B | $4.1B | $3.8B |
| Acquisitions (net) | -$25.9M | $-579,930 | -$9.0M | $2.0M | -$17.7M |
| Net Debt Issued / (Repaid) | -$413.5M | $8.6M | -$34.3M | -$22.3M | -$24.4M |
| Dividends Paid | -$512.1M | -$69.1M | -$105.1M | — | — |
| Stock Buybacks | — | — | — | — | — |
| Net Change in Cash | -$169.3M | -$135.3M | $547.1M | $2.0B | -$1.4B |
Growth Trends (YoY %)
Last updated: Aug 12, 2026 10:22am (1d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +9.4% | +0.0% | +12.2% | -1.4% |
| Gross Profit Growth | +5.6% | +2.9% | +13.3% | -1.0% |
| Operating Income Growth | +3.6% | +6.5% | +15.8% | +7.0% |
| Net Income Growth | +14.1% | +0.3% | -0.4% | +7.4% |
| EBITDA Growth | +5.2% | +6.8% | +14.6% | +4.2% |
Dividend History (Last 20)
Last updated: Aug 12, 2026 10:22am (1d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-24 | $0.01 | — | — | — |
| 2025-08-11 | $0.02 | — | — | — |
| 2025-05-19 | $0.02 | — | — | — |
| 2025-03-18 | $0.02 | — | — | — |
| 2024-12-23 | $0.04 | — | — | — |
| 2023-12-22 | $0.15 | — | — | — |
| 2022-12-20 | $0.15 | — | — | — |
| 2021-12-20 | $0.02 | — | — | — |
| 2021-01-14 | $0.01 | — | — | — |
| 2020-12-18 | $0.08 | — | — | — |
| 2019-12-20 | $0.12 | — | — | — |
| 2018-12-19 | $0.08 | — | — | — |
| 2018-06-18 | $0.04 | — | — | — |
| 2018-02-01 | $0.02 | — | — | — |
| 2017-12-19 | $0.09 | — | — | — |
| 2017-06-26 | $0.05 | — | — | — |
| 2017-01-24 | $0.02 | — | — | — |
| 2016-12-22 | $0.06 | — | — | — |
| 2016-11-01 | $0.05 | — | — | — |
| 2016-07-12 | $0.03 | — | — | — |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-30 | Moreira Ricardo Manuel Frangatos Pires | S-Sale | 468,040.00 | $3.08 | $1.4M |
Industry Benchmarks
Compares ABEV against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
Not applicable for this companies
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
Not applicable for this companies
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
Not applicable for this companies
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for this companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for this companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
Not applicable for this companies
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for ABEV — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for ABEV — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for ABEV — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for ABEV — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37