ABEV
Ambev S.A.
NYSEUSDEQUITY
Consumer Defensive
DELAYED
Buy
+53/100
Last price
3.19
▼ 0.06 (1.85%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
3.10
Prev close
3.25
Day high
3.30
Day low
3.22
Volume
27.27M
Market cap
$49.64B
P/E (TTM)
16.95
52W range
2.10 – 3.45
Day trading desk
Gap from prior close
-4.62%
Prior close 3.25
VWAP
3.24
-1.51% from price
Relative volume
3.31×
Unusually busy
Session range
7.10%
3.10 – 3.32
Position in range
41%
Mid range
ATR (14D)
0.09
2.80% of price
Prior day high
3.35
PDH
Prior day low
3.24
PDL
Bid / ask spread
—
Quote not published
Session volume
90.74M
Avg 27.39M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+11.81%
+9.9%
1M
+6.62%
+5.5%
3M
+6.62%
+2.1%
6M
+8.42%
-9.8%
YTD
+30.36%
+16.1%
1Y
+48.39%
+32.0%
3Y
+24.81%
-57.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ABEV open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
0
Total on file
Fundamentals
Market cap$49.64B
Enterprise value$34.94B
Revenue (TTM)$88.27B
Gross profit$45.81B
EBITDA$26.79B
Net income$16.25B
EPS (TTM)$0.19
Free cash flow$19.86B
Total cash$18.35B
Total debt$2.95B
Book value / share$1.10
Shares outstanding15.42B
Float4.05B
Short % of float—
Dividend yield4.17%
Beta (5Y)0.22
Valuation & profitability ratios
Trailing P/E16.95
Forward P/E14.98
PEG ratio2.12
Price / sales—
Price / book2.93
EV / revenue0.40
EV / EBITDA1.30
Gross margin51.90%
Operating margin23.74%
Profit margin18.41%
Return on equity18.40%
Return on assets10.30%
Debt / equity3.32
Current ratio1.02
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $88.24B | $89.45B | $79.74B | $79.71B | -1.4% |
| Operating revenue | $131.35B | $134.13B | $120.12B | $125.91B | -2.1% |
| Cost of revenue | $42.86B | $43.62B | $39.29B | $40.42B | -1.7% |
| Gross profit | $45.38B | $45.84B | $40.45B | $39.29B | -1.0% |
| Selling, general & admin | $25.14B | $26.39B | $23.44B | $23.97B | -4.7% |
| Total operating expense | $23.06B | $24.33B | $21.67B | $21.88B | -5.2% |
| Operating income | $22.32B | $21.51B | $18.77B | $17.40B | +3.8% |
| Net interest income | -$512.10M | -$598.80M | -$778.50M | -$873.00M | +14.5% |
| Pre-tax income | $19.42B | $19.49B | $15.04B | $14.24B | -0.3% |
| Tax provision | $3.43B | $4.64B | $75.50M | -$655.60M | -26.0% |
| Net income | $15.50B | $14.44B | $14.50B | $14.46B | +7.4% |
| Net income to common | $15.50B | $14.44B | $14.50B | $14.46B | +7.4% |
| Basic EPS | 0.94 | 0.92 | 0.92 | 0.94 | +2.2% |
| Diluted EPS | 0.93 | 0.91 | 0.92 | 0.93 | +2.2% |
| EBIT | $22.14B | $21.89B | $17.85B | $17.13B | +1.2% |
| EBITDA | $28.97B | $29.01B | $24.27B | $23.08B | -0.1% |
| Basic shares | 15.62B | 15.73B | 15.74B | 15.74B | -0.7% |
| Diluted shares | 15.68B | 15.82B | 15.84B | 15.85B | -0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $18.64B | $28.60B | $16.06B | $14.93B | -34.8% |
| Cash & short-term investments | $20.32B | $29.84B | $16.34B | $15.38B | -31.9% |
| Accounts receivable | $6.35B | $6.27B | $5.74B | $5.35B | +1.3% |
| Inventory | $10.52B | $11.69B | $9.08B | $12.56B | -10.0% |
| Total current assets | $43.88B | $54.16B | $36.56B | $37.82B | -19.0% |
| Property, plant & equipment | $27.64B | $30.17B | $26.63B | $30.06B | -8.4% |
| Goodwill & intangibles | $52.58B | $56.87B | $48.05B | $49.82B | -7.5% |
| Total assets | $145.09B | $162.51B | $132.64B | $137.96B | -10.7% |
| Total current liabilities | $45.60B | $49.39B | $41.01B | $40.54B | -7.7% |
| Current debt | $154.30M | $163.60M | $151.20M | $273.30M | -5.7% |
| Long-term debt | $256.90M | $324.00M | $391.00M | $454.30M | -20.7% |
| Total debt | $3.39B | $3.45B | $3.50B | $3.85B | -1.9% |
| Total liabilities | $56.31B | $62.93B | $52.50B | $54.63B | -10.5% |
| Shareholder equity | $87.91B | $98.64B | $78.97B | $81.96B | -10.9% |
| Working capital | -$1.72B | $4.77B | -$4.44B | -$2.72B | -136.2% |
| Net tangible assets | $35.33B | $41.77B | $30.92B | $32.14B | -15.4% |
| Shares issued | 15.76B | 15.76B | 15.75B | 15.75B | +0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $15.99B | $14.85B | $14.96B | $14.89B | +7.7% |
| Depreciation & amortisation | $6.83B | $7.13B | $6.42B | $5.96B | -4.1% |
| Stock-based compensation | $454.20M | $400.90M | $331.60M | $313.90M | +13.3% |
| Change in working capital | -$1.62B | -$165.00M | -$296.10M | -$2.68B | -879.4% |
| Operating cash flow | $24.45B | $26.10B | $24.71B | $20.64B | -6.3% |
| Capital expenditure | -$4.59B | -$4.75B | -$6.00B | -$6.53B | +3.3% |
| Investing cash flow | -$4.95B | -$5.46B | -$5.77B | -$5.00B | +9.4% |
| Share buybacks | -$1.93B | -$467.60M | -$119.00M | -$54.10M | -311.8% |
| Dividends paid | -$20.46B | -$4.06B | -$11.92B | -$12.24B | -404.5% |
| Financing cash flow | -$26.77B | -$10.35B | -$16.12B | -$16.34B | -158.6% |
| Free cash flow | $19.86B | $21.35B | $18.71B | $14.11B | -7.0% |
| End cash position | $18.64B | $28.60B | $16.06B | $14.85B | -34.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $20.15B | $22.46B | $24.81B | $20.85B | $20.09B | -10.3% |
| Operating revenue | $20.15B | $33.63B | $37.03B | $31.02B | $20.09B | -40.1% |
| Cost of revenue | $9.70B | $10.88B | $11.75B | $10.12B | $10.05B | -10.9% |
| Gross profit | $10.45B | $11.58B | $13.06B | $10.73B | $10.04B | -9.8% |
| Selling, general & admin | $6.37B | $6.23B | $6.69B | $5.83B | $6.18B | +2.1% |
| Total operating expense | $5.69B | $5.71B | $5.66B | $5.46B | $5.67B | -0.5% |
| Operating income | $4.76B | $5.87B | $7.39B | $5.27B | $4.37B | -18.9% |
| Net interest income | -$144.20M | -$168.85M | -$235.48M | -$162.35M | -$90.90M | +14.6% |
| Pre-tax income | $4.34B | $4.93B | $5.93B | $5.21B | $3.42B | -12.0% |
| Tax provision | $864.50M | $1.05B | $1.40B | $350.17M | $629.10M | -17.3% |
| Net income | $3.39B | — | — | — | $2.72B | — |
| Net income to common | $3.39B | $3.77B | $4.35B | $4.75B | $2.72B | -10.1% |
| Basic EPS | 0.22 | 0.24 | 0.28 | 0.30 | 0.18 | -8.9% |
| Diluted EPS | 0.22 | 0.24 | 0.28 | 0.30 | 0.18 | -8.5% |
| EBIT | $4.88B | $5.55B | $6.78B | $5.93B | $3.92B | -12.0% |
| EBITDA | $6.41B | $7.15B | $8.60B | $7.53B | $5.63B | -10.4% |
| Basic shares | 15.51B | 15.61B | 15.60B | 15.60B | 15.61B | -0.6% |
| Diluted shares | 15.58B | 15.67B | 15.67B | 15.67B | 15.69B | -0.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $16.61B | $17.99B | $18.64B | $18.31B | $16.40B | — | -7.7% |
| Cash & short-term investments | $18.35B | $19.64B | $20.32B | $19.84B | $17.52B | — | -6.6% |
| Accounts receivable | $5.57B | $5.93B | $6.35B | $5.59B | $5.09B | — | -6.1% |
| Inventory | $10.42B | $10.40B | $10.52B | $10.47B | $11.35B | — | +0.2% |
| Total current assets | $40.47B | $42.83B | $43.88B | $41.94B | $40.79B | — | -5.5% |
| Property, plant & equipment | $25.64B | $26.39B | $27.64B | $26.40B | $27.48B | — | -2.8% |
| Goodwill & intangibles | $50.65B | $51.87B | $52.58B | $51.31B | $53.04B | — | -2.3% |
| Total assets | $138.21B | $142.76B | $145.09B | $140.75B | $142.16B | — | -3.2% |
| Total current liabilities | $39.62B | $41.66B | $45.60B | $36.58B | $36.87B | — | -4.9% |
| Current debt | $1.07B | $144.20M | $154.30M | $168.21M | $174.53M | — | +644.5% |
| Long-term debt | $1.88B | $234.23M | $256.90M | $264.07M | $299.23M | — | +700.7% |
| Total debt | $2.95B | $3.11B | $3.39B | $2.90B | $3.16B | — | -5.0% |
| Total liabilities | $49.32B | $51.94B | $56.31B | $48.03B | $48.95B | — | -5.0% |
| Retained earnings | $7.52B | $4.31B | — | $7.43B | $4.32B | $2.99B | +74.5% |
| Shareholder equity | $88.31B | $90.13B | $87.91B | $92.03B | $92.47B | — | -2.0% |
| Working capital | $852.70M | $1.17B | -$1.72B | $5.36B | $3.92B | — | -27.1% |
| Net tangible assets | $37.66B | $38.26B | $35.33B | $40.72B | $39.43B | — | -1.6% |
| Shares issued | 15.76B | 15.76B | 15.76B | 15.76B | 15.76B | — | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $3.47B | $3.89B | $4.53B | $4.86B | $2.79B | — | -10.6% |
| Depreciation & amortisation | $1.53B | $1.60B | $1.82B | $1.60B | $1.70B | — | -4.5% |
| Stock-based compensation | $97.40M | $93.12M | $148.09M | $100.00M | $107.10M | — | +4.6% |
| Change in working capital | -$948.00M | -$3.58B | $4.30B | $693.61M | -$2.27B | — | +73.6% |
| Operating cash flow | $4.71B | $3.16B | $13.25B | $6.92B | $3.05B | — | +49.1% |
| Capital expenditure | -$879.90M | -$466.86M | -$1.63B | -$1.04B | -$1.09B | — | -88.5% |
| Investing cash flow | -$851.00M | -$2.42B | -$2.03B | -$1.17B | -$961.30M | — | +64.8% |
| Share buybacks | — | -$413.46M | -$90.87M | $0 | -$774.60M | -$1.06B | — |
| Dividends paid | -$1.18B | -$1.52M | -$9.69B | -$2.08B | -$2.08B | — | -77,518.1% |
| Financing cash flow | -$4.47B | -$1.20B | -$10.74B | -$3.22B | -$3.96B | — | -271.0% |
| Free cash flow | $3.83B | $2.69B | $11.62B | $5.88B | $1.96B | — | +42.2% |
| End cash position | $16.61B | $17.99B | $18.64B | $18.31B | $16.40B | — | -7.7% |
Options analytics
Put / call volume
0.86
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
2.50
-22.4% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+50.0%
Puts bid over calls
Call volume
7
Contracts, this expiry
Put volume
6
Contracts, this expiry
Heaviest call OI
2.50
0 contracts
Heaviest put OI
2.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.03 | 0.04 | +25.0% |
| Mar 2026 | 0.04 | 0.05 | +14.0% |
| Dec 2025 | 0.05 | 0.05 | -0.9% |
| Sep 2025 | 0.04 | 0.04 | +9.6% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.05 | 4 | $21.68B | +4.0% |
| Next quarter | 0.06 | 4 | $25.73B | +3.7% |
| Current year | 0.20 | 7 | $90.65B | +2.7% |
| Next year | 0.21 | 7 | $95.11B | +4.9% |
Analyst targets & ownership
Mean target$3.35
High target$4.00
Low target$2.64
Implied upside4.86%
Analyst count10
ConsensusHOLD
Strong buy / Buy2 / 1
Hold6
Sell / Strong sell2 / 0
Held by insiders0.00%
Held by institutions7.17%
Institutions holding500
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
2.98
+7.12% from price
SMA 20
2.99
+7.69% from price
SMA 50
2.96
+8.75% from price
SMA 100
3.05
+4.63% from price
SMA 200
2.97
+8.56% from price
EMA 12
3.02
+5.58% from price
EMA 26
2.99
+6.73% from price
EMA 50
2.99
+6.73% from price
RSI (14)
68.6
Neutral
MACD (12,26,9)
0.03
Hist 0.03
ATR (14)
0.09
2.77% of price
Realised vol 30D
31.1%
Annualised
Bollinger upper
3.18
20, 2σ
Bollinger lower
2.80
20, 2σ
50 / 200 cross
Death
2.96 vs 2.97
Trend bias
Above 200
+8.56%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.57
Less volatile than market
Correlation to SPY
0.23
Largely independent
Realised vol 30D
31.1%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-19.0%
Peak to trough
Max drawdown 5Y
-46.2%
Peak to trough
ATR 14
0.09
2.77% of price
Beta (reported)
0.22
5Y monthly, from filing
Short interest
Shares short
141.90M
Prior 130.35M
Change vs prior
+8.9%
Shorts adding
% of float
—
—
% of shares out
0.92%
Against total outstanding
Days to cover
4.5
Liquid
Float
4.05B
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 15, 26 | Scotiabank | DOWNGRADE | Sector Outperform | Sector Perform |
| May 14, 26 | UBS | MAINTAINED | Sell | Sell |
| May 6, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 16, 26 | UBS | DOWNGRADE | Neutral | Sell |
| Feb 17, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Nov 26, 25 | Bernstein | DOWNGRADE | Outperform | Market Perform |
| Aug 20, 25 | UBS | MAINTAINED | Neutral | Neutral |
| Aug 1, 25 | HSBC | DOWNGRADE | Buy | Hold |
| Jun 4, 25 | UBS | MAINTAINED | Neutral | Neutral |
| May 12, 25 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 22, 25 | UBS | DOWNGRADE | Buy | Neutral |
| Apr 7, 25 | Morgan Stanley | DOWNGRADE | Equal-Weight | Underweight |
Dividends & splits
Forward rate$0.14 / yr
Forward yield4.17%
5-year avg yield3.76%
Payout ratio78.96%
Ex-dividend dateSep 23, 2026
Next pay dateJan 11, 2027
Last split5:1
Split dateNov 11, 2013
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-09-09
Corporate Changes & Voting Matters
6-K · 2026-08-14
Corporate Changes & Voting Matters
6-K · 2026-08-10
Corporate Changes & Voting Matters
6-K · 2026-07-31
Corporate Changes & Voting Matters
6-K · 2026-07-30
Corporate Changes & Voting Matters
6-K · 2026-06-10
Corporate Changes & Voting Matters
6-K · 2026-06-01
Corporate Changes & Voting Matters
6-K · 2026-05-29
Headlines
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Barrons.com · 1d ago
U.S. shares of Brazilian companies rally after first round election result
Investing.com · 2d ago
Ambev SA's Dividend Analysis
GuruFocus.com · 14d ago
Ambev (ABEV) Q2 2026 Earnings Call Transcript
Motley Fool · 64d ago
Ambev (ABEV) Q2 2026 Earnings Call Transcript
Motley Fool · 68d ago
Ambev SA (ABEV) (Q2 2026) Earnings Call Highlights: Strong Beer Growth and Digital Expansion ...
GuruFocus.com · 68d ago
Ambev Q2 Earnings Call Highlights
MarketBeat · 68d ago
Ambev: Q2 Earnings Snapshot
Associated Press · 69d ago
PRIVATE STRATEGY · BY QUALIFICATION
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