ABEV

Ambev S.A.

Consumer Defensive · $44.6B market cap

Share price

$2.99

close of Oct 3, 2026

Fair value

$2.72

Sticker Price

Payback Price

$1.09

buy price

Fairly Valued

ABEV is Fairly Valued: at $2.99 it's within 10% of its fair value of $2.72. Its buy price (Payback Price) is $1.09, 64% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings grow slowly (under 7% a year), but cash flow is steady, so we value it on its cash flow instead of its earnings.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.9% a year✗

Equity per share growth9.6% a year✗

Sales growth9.2% a year✗

Free cash flow growth7.0% a year✗

Return on invested capital17.5%✓

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Superinvestors

3 of the investors we track hold ABEV. In Q2 2026, 2 trimmed. Who we track

First Eagle Investment Management

First Eagle Investment Management · as of Q2 2026

$1.1B

349,323,217 shares

Richard Pzena

Pzena Investment Management · as of Q2 2026

$11.7M

3,739,889 shares

Dodge & Cox Funds

Dodge & Cox Funds · as of Q2 2026

$793K

252,700 shares

Moves in Q2 2026

Trimmed: Richard Pzena, Dodge & Cox Funds

Insider activity

Since Jul 30, 2026: no open-market purchases and 1 sale worth $1.4M. Why purchases matter

Sales

Moreira Ricardo Manuel Frangatos Pires

director · 2026-07-30

Sold

$1.4M

About Ambev S.A.

Ambev S.A., operating through its various subsidiaries, is a prominent player in the beverage and food industry across the Americas. The company is engaged in the manufacturing, marketing, and distribution of a diverse portfolio of products, including various types of beer (both packaged and on tap), carbonated soft drinks, other non-alcoholic beverages, malt, and food items. Its extensive operations are structured…

Beverages - Alcoholic