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Ambev S.A. (ABEV)

Consumer Defensive | Beverages - Brewers | São Paulo, Brazil | NYSE
3.06 USD -0.01 (-0.326%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 3.04 -0.02 (-0.019%) ⇩ (July 13, 2026, 7:44 p.m. EDT)

Short-term:★★★⯪☆Long-term:★★★☆☆Dividends:★★★☆☆
Hot Take | July 11, 2026, 3:46 a.m. EDT

Ambev presents a compelling value story with a fortress-like balance sheet and a massive moat in the Brazilian beer market, yet the stock is currently punished by a multi-year price decline that has erased nearly 60% of its value. While the business fundamentals remain robust—generating strong free cash flow and maintaining healthy margins—the market is pricing in persistent structural issues or macro risks in Brazil that have kept the share price depressed for years. The recent price action shows a slight recovery, trading above its 200-day average, which suggests the worst of the downtrend may be over, but the path forward remains uncertain. The high dividend yield of 5.56% is attractive but comes with a heavy payout ratio of 88.5%, meaning the company is returning almost all its earnings to shareholders, leaving little room for error if profitability dips. For investors, this is a classic 'value trap' candidate: the business is excellent, but the price hasn't caught up yet. The short-term outlook is cautiously optimistic due to the technical bounce, but the long-term bet relies entirely on the market finally recognizing that the low price reflects temporary macro headwinds rather than permanent business deterioration.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.081496
MSTL0.087140
AutoETS0.090181
AutoARIMA0.090182

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 52%
H-stat 0.36
Ljung-Box p 0.012
Jarque-Bera p 0.853
Excess Kurtosis 0.39
Attribute Value
Sector Consumer Defensive
Ex Dividend Date 2026-06-23
Last Dividend Date 2026-06-23
Debt to Equity Ratio 3.42
Revenue per Share 5.653
Market Cap 47,285,551,104
Trailing P/E 16.11
Forward P/E 14.22
Beta 0.27
Profit Margins 17.66%
Website https://www.ambev.com.br

As of July 11, 2026, 3:46 a.m. EDT: Speculators are positioning defensively with heavy open interest in out-of-the-money puts (strikes $2.00-$2.50) across multiple expirations, suggesting a fear of downside volatility or a 'crash' scenario. Conversely, call activity is concentrated at the money and slightly out-of-the-money, indicating a belief that the stock will trade sideways or drift upward rather than crash. The disparity in volume versus open interest for deep OTM puts suggests active selling or hedging against a drop, while the lack of significant call volume far above the current price implies limited bullish conviction for a major breakout.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.29% 1.31% 4.70% 4.69%
Dividend History
Date Dividend Yield %
2026-06-24 0.009000 0.287540
2025-08-11 0.023000 1.026786
2025-05-19 0.024000 0.941176
2025-03-18 0.022000 0.936170
2024-12-23 0.108000 5.684211
2023-12-22 0.147000 5.231317
2022-12-20 0.146000 5.289855
2021-12-20 0.108000 4.060150
2021-01-14 0.015000 0.471698
2020-12-18 0.079000 2.523962
2019-12-20 0.117000 2.560175
2018-12-19 0.083000 2.133676
2018-06-18 0.044000 0.881764
2018-02-01 0.022000 0.316547
2017-12-19 0.096000 1.548387
2017-06-26 0.049000 0.892532
2017-01-24 0.021000 0.386740
2016-12-22 0.067000 1.404612
2016-11-01 0.051000 0.905861
2016-07-12 0.039000 0.668954
2016-02-01 0.027000 0.583153
2015-12-22 0.039000 0.868597
2015-09-09 0.041000 0.815109
2015-06-02 0.033000 0.560272
2015-03-02 0.031000 0.492063
2015-01-08 0.035000 0.565428
2015-01-02 0.048000 0.806723
2014-10-28 0.093000 1.473851
2014-07-29 0.072000 0.983607
2014-04-03 0.057000 0.760000
2014-01-15 0.108000 1.510489
2013-09-16 0.055200 0.744939
2013-03-06 0.065200 0.714286
2012-12-27 0.087800 1.053769
2012-10-01 0.041600 0.652651
2012-06-22 0.026000 0.438005
2012-06-07 0.002600 0.043046
2012-03-01 0.091400 1.358906
2011-10-03 0.079200 1.678677
2011-07-07 0.049400 0.869106
2011-06-01 0.001800 0.034843
2011-03-10 0.066800 1.470070
2010-12-01 0.073080 1.553175
2010-09-30 0.071960 1.720543
2010-05-26 0.000080 0.002533
2010-03-19 0.024680 0.776003
2009-12-03 0.046960 1.414458
2009-09-16 0.033760 1.230141
2009-07-06 0.023160 1.063166
2009-06-09 0.001160 0.052968
2009-04-23 0.008240 0.467120
2009-01-15 0.006600 0.466497
2008-09-30 0.028520 1.567033
2008-07-22 0.038640 1.894118
2008-06-04 0.000280 0.011289
2008-04-15 0.040760 1.533715
2007-12-11 0.010560 0.377143
2007-09-26 0.032600 1.191520
2007-06-22 0.006720 0.241414
2007-06-05 0.001920 0.069364
2007-03-22 0.014240 0.699961
2006-06-01 0.011200 0.748263
2006-03-21 0.010760 0.745979
2005-12-22 0.015400 1.198630
2005-01-18 0.005433 0.331079
2004-09-21 0.006667 0.476214
2004-03-16 0.001533 0.139915
2003-09-30 0.014400 2.273685
2003-02-19 0.007867 1.685785
2000-12-19 0.008200 1.174925
2000-09-27 0.004267 0.853400
1999-12-28 0.006033 1.776591
1999-07-02 0.003100 0.978946
1999-01-11 0.004833 1.757455
1998-09-22 0.003967 1.560785
1998-04-21 0.004867 1.123155
1997-09-23 0.005233 1.106537
Additional Data
dividendRate 0.17
dividendYield 5.51
exDividendDate 2026-06-24
trailingAnnualDividendRate 0.859
trailingAnnualDividendYield 0.2798046
lastDividendValue 0.009
lastDividendDate 2026-06-24
dividendDate 2027-01-11

Info Dump

Attribute Value
52 Week Change 0.31196582
Address1 Rua Dr. Renato Paes de Barros, 1017
Address2 3rd Floor
All Time High 9.296
All Time Low 0.220833
Ask 3.07
Ask Size 205,200
Average Analyst Rating 3.0 - Hold
Average Daily Volume10 Day 23,598,830
Average Daily Volume3 Month 27,263,945
Average Volume 27,263,945
Average Volume10Days 23,598,830
Beta 0.265
Bid 3.06
Bid Size 27,700
Book Value 1.122877
City São Paulo
Country Brazil
Crypto Tradeable 0
Currency USD
Current Price 3.06
Current Ratio 1.028
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 3.11
Day Low 3.04
Debt To Equity 3.42
Display Name Ambev
Dividend Date 1,799,625,600
Dividend Rate 0.17
Dividend Yield 5.51
Earnings Call Timestamp End 1,777,995,000
Earnings Call Timestamp Start 1,777,995,000
Earnings Growth 0.024
Earnings Quarterly Growth 0.02
Earnings Timestamp 1,785,414,600
Earnings Timestamp End 1,785,414,600
Earnings Timestamp Start 1,785,414,600
Ebitda 27,010,926,592
Ebitda Margins 0.30621
Enterprise To Ebitda 1.181
Enterprise To Revenue 0.362
Enterprise Value 31,888,893,952
Eps Current Year 0.19591
Eps Forward 0.21522
Eps Trailing Twelve Months 0.19
Esg Populated 0
Ex Dividend Date 1,782,259,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 3.1532
Fifty Day Average Change -0.09319997
Fifty Day Average Change Percent -0.029557265
Fifty Two Week Change Percent 31.196583
Fifty Two Week High 3.45
Fifty Two Week High Change -0.3900001
Fifty Two Week High Change Percent -0.11304351
Fifty Two Week Low 2.1
Fifty Two Week Low Change 0.96000004
Fifty Two Week Low Change Percent 0.4571429
Fifty Two Week Range 2.1 - 3.45
Financial Currency BRL
First Trade Date Milliseconds 857,572,200,000
Five Year Avg Dividend Yield 5.12
Float Shares 4,204,712,746
Forward Eps 0.21522
Forward P E 14.218009
Free Cashflow 18,203,940,864
Full Exchange Name NYSE
Full Time Employees 39,000
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.51479
Gross Profits 45,409,562,624
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.06852
Implied Shares Outstanding 15,452,795,091
Industry Beverages - Brewers
Industry Disp Beverages - Brewers
Industry Key beverages-brewers
Ir Website http://www.mzweb.com.br/ambev2009/web/default_en.asp?idioma=1&conta=44
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,259,200
Last Dividend Value 0.009
Last Fiscal Year End 1,767,139,200
Last Split Date 1,384,128,000
Last Split Factor 5:1
Long Business Summary 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 company offers beer, ready-to-drink cocktails and spritzers, soft drinks, water, teas, and isotonic drinks under the Brahma, Skol, Antarctica, Original, Quilmes, Andes Origen, Patricia, Paceha, Huari, Pilsen, Presidente, Balboa, Guaraná Antarctica, and Beats brands. It sells its products to distributors, supermarkets, and retailers within a broad distribution network. The company was founded in 1853 and is headquartered in São Paulo, Brazil. Ambev S.A. operates as a subsidiary of Interbrew International B.V.
Long Name Ambev S.A.
Market us_market
Market Cap 47,285,551,104
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_134386019
Most Recent Quarter 1,774,915,200
Net Income To Common 15,577,716,736
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 47,175,457,031
Number Of Analyst Opinions 10
Open 3.04
Operating Cashflow 26,407,190,528
Operating Margins 0.26229
Payout Ratio 0.885
Peg Ratio 2.19
Phone 55 80 0725 8000
Post Market Change -0.018899918
Post Market Change Percent -0.61764437
Post Market Price 3.0411
Post Market Time 1,783,986,252
Previous Close 3.07
Price Eps Current Year 15.619416
Price Hint 4
Price To Book 2.7251425
Price To Sales Trailing12 Months 0.5360592
Profit Margins 0.1766
Quick Ratio 0.683
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.0
Region US
Regular Market Change -0.00999999
Regular Market Change Percent -0.325733
Regular Market Day High 3.11
Regular Market Day Low 3.04
Regular Market Day Range 3.04 - 3.11
Regular Market Open 3.04
Regular Market Previous Close 3.07
Regular Market Price 3.06
Regular Market Time 1,783,972,803
Regular Market Volume 21,175,716
Return On Assets 0.09784
Return On Equity 0.17251
Revenue Growth -0.001
Revenue Per Share 5.653
Sand P52 Week Change 0.20847368
Sector Consumer Defensive
Sector Disp Consumer Defensive
Sector Key consumer-defensive
Shares Outstanding 15,452,795,091
Shares Percent Shares Out 0.0081
Shares Short 137,819,004
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 133,769,687
Short Name Ambev S.A.
Short Ratio 4.77
Source Interval 15
State SP
Symbol ABEV
Target High Price 4.0
Target Low Price 2.55
Target Mean Price 3.3734
Target Median Price 3.435
Total Cash 19,640,588,288
Total Cash Per Share 1.259
Total Debt 3,105,732,096
Total Revenue 88,209,571,840
Tradeable 0
Trailing Annual Dividend Rate 0.859
Trailing Annual Dividend Yield 0.2798046
Trailing Eps 0.19
Trailing P E 16.105263
Trailing Peg Ratio 2.1895
Triggerable 1
Two Hundred Day Average 2.7784
Two Hundred Day Average Change 0.2816
Two Hundred Day Average Change Percent 0.101353295
Type Disp Equity
Volume 21,175,716
Website https://www.ambev.com.br
Zip 04,530-001