Ambev stock
ABEVNYSEAmbev S.A., Consumer DefensiveISIN US02319V1035
70Score 70 out of 100, Strong
Price and trend
34 / 100
Price history
+11% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 7.4% below it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Sharply down: the price has fallen very quickly lately (RSI 25).
The price is 18% below its 52-week high. Largest decline in 20 years: 81% (February 2013 to January 2025).
Chart figures for advanced users
- SMA 50$3.00
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$3.03
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)25
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$2.30
- The lowest closing price of the last twelve months.
- Resistance$3.43
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Ambev S.A. belongs to the Beverages (Alcoholic) industry (Brazil) and, with a market value of $43.98B, is number 5 of 21 companies in its industry on MEQIRI.
- American depositary receipt (ADR): 1 ADR = 1 share.
- In fiscal 2025 it reported revenue of $15.88B (down 1.4% year on year) and earnings of $2.79B (up 7.4%).
Show more
- MEQIRI Score 70 out of 100 (Strong): rank 64 of 295 in Consumer Defensive, median 62.
- The P/E is 15.3 (Beverages (Alcoholic) median 13.8, own median of recent years 19.6).
- Our model puts fair value at $2.61, with the price 7% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- More cash than debtCash $3.94B, financial debt $488.57M.Stability 73
- High return on capitalReturn on invested capital 25% in fiscal 2025, Beverages (Alcoholic) median 8%.Profitability 84
- Earnings turn into cashFree cash flow 157% of earnings over the last 12 months.Fundamentals 100
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are fundamentals and profitability, while momentum and technical analysis hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among stocks ranked 101 to 1,000.
From 2016 to 2025, 13 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What lowers it
- solid fundamentals
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $2.01 and expensive above $3.73 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $2.70 (cash-flow model) and $2.53 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is slightly above both parts; given how much the stock swings, that still counts as fair.
Calculated with a cost of equity of 13.5%. At 14.5% the fair value would be $2.43, at 12.5% it would be $2.86.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (13.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue fell 1.6% on the twelve months before. Revenue has grown solidly since 2006, at about 9% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 51%, operating 25%, net 18%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 11 Feb 2027in 91 days
- Last reported
- 29 Oct 2026in line with expectations
Analyst estimates
Analysts have cut their 2027 earnings estimate by 3.3% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- 1.03−2.0%
- Revenue
- $15.96B−2.8%
- Earnings per share
- 1.08−3.3%
- Revenue
- $16.8B−2.4%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: −4.3%Ambev confirmed its Brazil Beer cash COGS per hectoliter guidance of a 4.5% to 7.5% increase, unchanged from before.
“Finally, as we approach year-end, our guidance for Brazil Beer cash COGS per hectoliter, excluding the sale of non-Ambev Marketplace products, remains unchanged, estimated to increase between 4.5% and 7.5%.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 29 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 2 insiders sold, $1.63M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
Shares and prices per ordinary share as filed with the SEC, not per depositary receipt (1 ADR = 1 share).
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Ambev
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
295 rated companies in Consumer Defensive
- This company
- 70
- Sector median
- 62
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Beverages (Alcoholic)
The next larger and next smaller companies by market value
- Kweichow Moutai600519.SS $262.79B83
- Anheuser-Busch InBev SA/NVABI.BR $147.17B67
- DiageoDEO $55.52B67
- HeinekenHEIA.AS $51.24B70
- Constellation BrandsSTZ $24.39B66
- Pernod RicardRI.PA $19.96B62
- CarlsbergCARL-B.CO $19.83B69
- Asahi Group Holdings2502.T $15.7B58
ETFs that hold Ambev
Held by 44 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI Brazil UCITS ETF USD (Dist)IQQB | 2.82% | 0.74% | €403.94M |
| Franklin FTSE Brazil UCITS ETF USDFLXB | 2.79% | 0.19% | €232.67M |
| iShares MSCI EM Latin America UCITS ETF USDIUSC | 1.42% | 0.20% | €1.71B |
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| Franklin EM Multi-Factor Equity UCITS ETFFLXE | 0.91% | 0.30% | €102.26M |
| WisdomTree Emerging Markets Equity Income UCITS ETF AccWTD8 | 0.89% | 0.46% | €256.08M |
| Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETFEHDL | 0.69% | 0.49% | €262.11M |
| iShares BIC 50 UCITS ETFIQQ9 | 0.64% | 0.74% | €99.3M |
| iShares MSCI EM Consumer Growth UCITS ETFCEMG | 0.48% | 0.60% | €31.52M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = R$5.5565)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 5 Nov 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.