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Ambev SA ADR(ABEV)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ABEV
10/28/2026: ABEV (3-star) is a WEAK-BUY. BUY for 16 days. Simulated Profits (-11.75%). Updated daily EoD!
Ambev SA is a prominent beverage company and a key subsidiary of AB InBev, primarily focused on the beer and non-alcoholic segments across Latin America. The company leverages an expansive distribution network and a strong portfolio of regional brands to maintain a leading market position. Its primary investment story centers on the digital transformation of its business model through the BEES platform and the expansion of its 'Beyond Beer' categories. Investors should carefully monitor risks related to regional currency volatility, commodity price fluctuations, and intense competition. While Ambev may offer an attractive profile for value and dividend-oriented investors, its performance remains tied to the macroeconomic stability of its core operating regions.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is tied to regional economic expansion and consumer spending trends in Latin America. |
| Momentum investor | Mixed fit | Momentum is conditional on positive trends in the Brazilian economy and beer consumption volumes. |
| Value investor | Strong fit | Ambev often trades at valuations reflective of its strong market position and cash flow generation. |
| Dividend investor | Strong fit while signal remains positive | The company historically provides a consistent dividend yield, making it attractive for income-focused portfolios. |
| Low-risk investor | Weak fit | Exposure to emerging market currency risks and economic volatility makes it less suitable for risk-averse investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | ADR prices are heavily influenced by fluctuations in the Brazilian Real. |
| Valuation risk | Medium | Valuations are sensitive to regional political and economic stability. |
| Competition risk (Beverage industry) | High | Intense competition from local and global brewers puts pressure on market share and margins. |
| Business quality | Strong | The company possesses a powerful distribution moat and iconic regional brands. |
| Dividend income | Medium | Dividends are subject to tax treatments on foreign income and fluctuating earnings. |
| Execution risk | Medium | Successfully scaling the BEES digital platform is critical for future operational efficiency. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 21.77% | Avg. Invested days 50 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 44.25B USD | Price to earnings Ratio 15.11 | 1Y Target Price 3.35 |
Price to earnings Ratio 15.11 | 1Y Target Price 3.35 | ||
Volume (30-day avg) 23.4M shares | Beta 0.22 | 52 Weeks Range 2.10 - 3.42 | Updated Date 10/28/2026 |
52 Weeks Range 2.10 - 3.42 | Updated Date 10/28/2026 | ||
Dividends yield (FY) 4.72% | Basic EPS (TTM) 0.19 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Beer Segment | Production and sale of beer brands like Brahma and Skol across Latin America. | This is the primary revenue driver, benefiting from high consumption frequency in the region. |
| Non-Alcoholic Beverages | Soft drinks, water, and energy drinks produced via bottling partnerships. | Provides stable, diversified cash flow outside of alcohol sales. |
| Geography: Brazil & LatAm | Operational results across Brazil, Argentina, and other South American markets. | Investment success is highly dependent on the economic health of these specific regions. |
Earnings Date
Report Date 2026-10-29 | When Before Market | Estimate 0.05 | Actual - |
Profitability
Profit Margin 18.41% | Operating Margin (TTM) 23.74% |
Management Effectiveness
Return on Assets (TTM) 10.3% | Return on Equity (TTM) 18.4% |
Valuation
Trailing PE 15.11 | Forward PE 12.35 | Enterprise Value 41.79B | Price to Sales(TTM) 0.5 |
Enterprise Value 41.79B | Price to Sales(TTM) 0.5 | ||
Enterprise Value to Revenue 2.51 | Enterprise Value to EBITDA 7.45 | Shares Outstanding 15.42B | Shares Floating 4.05B |
Shares Outstanding 15.42B | Shares Floating 4.05B | ||
Percent Insiders - | Percent Institutions 7.21 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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