Ambev (ABEV3.SA) Stock Price

Ambev Price

B3·CLOSED
15.64BRL-0.28 (-1.77 %)
Market closed

Revenue has compounded at 8.9% per year over the past 19 years to 88.24 B BRL. Earnings per share have grown at 9.4% per year over the last 19 years. Ambev's net margin stands at 17.6%, broadly stable from 17.4% several years earlier. Ambev currently offers a dividend yield of about 7.12%. The payout ratio is around 113% of earnings. Analysts set a median price target of 15.30 BRL, implying 2.2% below the current price. Of 20 analysts, 1 rate the stock a buy — an overall Hold consensus. The stock trades about 34% above its 52-week low.

Ambev stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Ambev over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Ambev stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Ambev's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Ambev Stock Price History
DateAmbev Price
7/24/202615.64 BRL
7/23/202615.92 BRL
7/22/202616.13 BRL
7/21/202615.80 BRL
7/20/202615.79 BRL
7/17/202615.63 BRL
7/16/202615.60 BRL
7/15/202615.57 BRL
7/14/202615.81 BRL
7/13/202615.86 BRL
7/10/202615.82 BRL
7/9/202615.72 BRL
7/8/202615.59 BRL
7/7/202615.61 BRL
7/6/202615.88 BRL
7/3/202616.29 BRL
7/2/202616.30 BRL
7/1/202616.20 BRL
6/30/202616.29 BRL
6/29/202616.67 BRL
6/26/202616.73 BRL
6/25/202616.39 BRL
6/24/202616.38 BRL
6/23/202616.37 BRL
6/22/202616.17 BRL
6/19/202616.20 BRL
6/18/202616.26 BRL
6/17/202616.55 BRL
6/16/202616.37 BRL
6/15/202616.75 BRL
6/12/202616.57 BRL
6/11/202616.36 BRL
6/10/202616.22 BRL
6/9/202616.21 BRL
6/8/202616.08 BRL
6/5/202616.12 BRL
6/3/202616.20 BRL
6/2/202616.59 BRL
6/1/202616.51 BRL
5/29/202616.08 BRL
5/28/202616.56 BRL
5/27/202616.68 BRL
5/26/202616.49 BRL
5/25/202616.30 BRL
5/22/202616.12 BRL
5/21/202616.33 BRL
5/20/202616.06 BRL
5/19/202615.81 BRL
5/18/202615.81 BRL
5/15/202615.69 BRL
5/14/202615.77 BRL
5/13/202615.91 BRL
5/12/202616.13 BRL
5/11/202616.25 BRL
5/8/202616.32 BRL
5/7/202616.41 BRL
5/6/202616.95 BRL
5/5/202616.65 BRL
5/4/202614.44 BRL
4/30/202614.51 BRL
4/29/202614.33 BRL
4/28/202614.58 BRL
4/27/202614.54 BRL
4/24/202614.50 BRL
4/23/202614.74 BRL
4/22/202615.00 BRL
4/20/202615.31 BRL
4/17/202615.33 BRL
4/16/202615.43 BRL
4/15/202615.83 BRL
4/14/202615.89 BRL
4/13/202615.93 BRL
4/10/202616.12 BRL
4/9/202616.06 BRL
4/8/202615.86 BRL
4/7/202615.48 BRL
4/6/202615.45 BRL
4/2/202615.28 BRL
4/1/202615.36 BRL
3/31/202615.25 BRL
3/30/202614.84 BRL
3/27/202614.73 BRL
3/26/202614.83 BRL
3/25/202615.01 BRL
3/24/202614.70 BRL
3/23/202614.66 BRL
3/20/202614.47 BRL
3/19/202614.77 BRL
3/18/202614.74 BRL
3/17/202615.02 BRL
3/16/202615.10 BRL
3/13/202615.00 BRL
3/12/202614.95 BRL
3/11/202615.43 BRL
3/10/202615.45 BRL
3/9/202615.41 BRL
3/6/202615.23 BRL
3/5/202615.29 BRL
3/4/202615.60 BRL
3/3/202615.57 BRL
3/2/202615.91 BRL
2/27/202616.27 BRL
2/26/202616.41 BRL
2/25/202616.44 BRL
2/24/202616.58 BRL
2/23/202616.19 BRL
2/20/202616.03 BRL
2/19/202616.17 BRL
2/18/202616.13 BRL
2/13/202616.33 BRL
2/12/202616.52 BRL
2/11/202615.77 BRL
2/10/202615.66 BRL
2/9/202615.39 BRL
2/6/202615.37 BRL
2/5/202615.48 BRL
2/4/202615.30 BRL
2/3/202615.38 BRL
2/2/202615.06 BRL
1/30/202614.91 BRL
1/29/202614.76 BRL
1/28/202614.95 BRL
1/27/202614.87 BRL
1/26/202615.05 BRL
1/23/202614.98 BRL
1/22/202614.59 BRL
1/21/202614.31 BRL
1/20/202614.07 BRL
1/19/202614.09 BRL
12/17/202513.97 BRL
12/16/202514.16 BRL
12/15/202514.28 BRL
12/12/202514.04 BRL
12/11/202513.78 BRL
12/10/202513.60 BRL
12/9/202513.64 BRL
12/8/202513.62 BRL
12/5/202513.61 BRL
12/4/202513.95 BRL
12/3/202514.15 BRL
12/2/202514.00 BRL
12/1/202514.01 BRL
11/28/202513.86 BRL
11/27/202513.72 BRL
11/26/202513.67 BRL
11/25/202513.74 BRL
11/24/202513.77 BRL
11/21/202513.62 BRL
11/19/202513.41 BRL
11/18/202513.74 BRL
11/17/202513.76 BRL
11/14/202513.69 BRL
11/13/202513.63 BRL
11/12/202513.62 BRL
11/11/202513.59 BRL
11/10/202513.18 BRL
11/7/202513.12 BRL
11/6/202513.08 BRL
11/5/202513.18 BRL
11/4/202513.16 BRL
11/3/202512.91 BRL
10/31/202512.71 BRL
10/30/202512.59 BRL
10/29/202512.03 BRL
10/28/202512.03 BRL
10/27/202512.15 BRL
10/24/202512.11 BRL
10/23/202512.12 BRL
10/22/202512.07 BRL
10/21/202512.22 BRL
10/20/202512.36 BRL
10/17/202512.37 BRL
10/16/202512.15 BRL
10/15/202511.99 BRL
10/14/202512.05 BRL
10/13/202511.86 BRL
10/10/202511.81 BRL
10/9/202511.72 BRL
10/8/202511.88 BRL
10/7/202511.71 BRL
10/6/202511.85 BRL
10/3/202511.87 BRL
10/2/202511.93 BRL
10/1/202511.99 BRL
9/30/202512.09 BRL
9/29/202512.41 BRL
9/26/202512.46 BRL
9/25/202512.46 BRL
9/24/202512.38 BRL
9/23/202512.46 BRL
9/22/202512.36 BRL
9/19/202512.55 BRL
9/18/202512.52 BRL
9/17/202512.79 BRL
9/16/202512.71 BRL
9/15/202512.63 BRL
9/12/202512.58 BRL
9/11/202512.52 BRL
9/10/202512.36 BRL
9/9/202512.33 BRL
9/8/202512.14 BRL
9/5/202512.25 BRL
9/4/202512.16 BRL
9/3/202511.90 BRL
9/2/202512.16 BRL
9/1/202512.30 BRL
8/29/202512.35 BRL
8/28/202512.25 BRL
8/27/202512.15 BRL
8/26/202512.18 BRL
8/25/202512.12 BRL
8/22/202512.21 BRL
8/21/202512.06 BRL
8/20/202512.10 BRL
8/19/202512.07 BRL
8/18/202512.07 BRL
8/15/202512.04 BRL
8/14/202512.02 BRL
8/13/202512.12 BRL
8/12/202512.23 BRL
8/11/202512.31 BRL
8/8/202512.37 BRL
8/7/202512.54 BRL
8/6/202512.48 BRL
8/5/202512.36 BRL
8/4/202512.41 BRL
8/1/202512.29 BRL
7/31/202512.46 BRL
7/30/202513.15 BRL
7/29/202513.19 BRL
7/28/202513.06 BRL
Access this data via the Eulerpool API

Ambev Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
58.38 B BRL
15.97 B BRL
11.38 B BRL
Jan 1, 2021
72.85 B BRL
17.08 B BRL
12.67 B BRL
Jan 1, 2022
79.71 B BRL
17.69 B BRL
14.46 B BRL
Jan 1, 2023
79.74 B BRL
18.83 B BRL
14.50 B BRL
Jan 1, 2024
89.45 B BRL
21.80 B BRL
14.44 B BRL
Jan 1, 2025
88.24 B BRL
20.02 B BRL
15.50 B BRL
Jan 1, 2026 (e)
91.89 B BRL
24.30 B BRL
16.18 B BRL
Jan 1, 2027 (e)
96.32 B BRL
25.81 B BRL
17.61 B BRL

Ambev Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 26, 2026, 4:35 AM
 
REVENUEB BRL
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB BRL
EBITB BRL
EBIT MARGIN%
NET INCOMEB BRL
NET INCOME GROWTH%
DIV.BRL
DIV. GROWTH%
SHARESB
201220132014201520162017201820192020202120222023202420252026e2027e
32.2334.7938.0846.7245.6047.9050.2352.6058.3872.8579.7179.7489.4588.2491.8996.32
18.827.949.4522.69-2.395.044.874.7110.9924.799.410.0412.19-1.354.134.82
68.0767.2466.3565.6263.4362.3361.6458.7953.6451.0549.2950.7251.2447.8647.8647.86
21.9423.3925.2730.6628.9229.8630.9630.9231.3137.1939.2940.4545.8442.2343.9846.10
13.8615.3615.8318.7817.1116.4316.9916.0715.9717.0817.6918.8321.8020.0224.3025.81
43.0044.1641.5640.1937.5134.2933.8230.5627.3623.4422.1923.6224.3722.6826.4426.80
10.519.5412.0712.4212.557.3311.0211.7811.3812.6714.4614.5014.4415.5016.1817.61
21.61-9.2626.532.970.99-41.5650.356.86-3.4011.3514.100.30-0.447.384.348.85
1.950.550.720.130.13
457.1430.91
15.6115.8115.8415.8615.8315.8415.8615.8715.8715.8615.8415.8315.8015.6615.6615.66
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Ambev generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Ambev retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Ambev's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Ambev has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Ambev's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Ambev stock margins

The Ambev margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Ambev. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Ambev.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
53.64 %
27.36 %
19.49 %
Jan 1, 2021
51.05 %
23.44 %
17.39 %
Jan 1, 2022
49.29 %
22.19 %
18.14 %
Jan 1, 2023
50.72 %
23.62 %
18.19 %
Jan 1, 2024
51.24 %
24.37 %
16.14 %
Jan 1, 2025
47.86 %
22.68 %
17.57 %
Jan 1, 2026 (e)
47.86 %
26.44 %
17.60 %
Jan 1, 2027 (e)
47.86 %
26.80 %
18.28 %

Ambev Stock Revenue, EBIT, Earnings per Share

The Ambev earnings per share therefore indicates how much revenue Ambev has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
3.68 BRL
1.01 BRL
0.72 BRL
Jan 1, 2021
4.59 BRL
1.08 BRL
0.80 BRL
Jan 1, 2022
5.03 BRL
1.12 BRL
0.91 BRL
Jan 1, 2023
5.04 BRL
1.19 BRL
0.92 BRL
Jan 1, 2024
5.66 BRL
1.38 BRL
0.91 BRL
Jan 1, 2025
5.64 BRL
1.28 BRL
0.99 BRL
Jan 1, 2026 (e)
5.86 BRL
1.55 BRL
1.03 BRL
Jan 1, 2027 (e)
6.14 BRL
1.65 BRL
1.12 BRL

Ambev business model & stock analysis

Ambev SA is the largest beer producer in Latin America and was founded in 1999 through the merger of the two Brazilian companies Brahma and Antarctica. Today, Ambev operates in 16 countries and employs over 30,000 employees. The business model of Ambev is based on the production and distribution of beer, soft drinks, and other alcoholic beverages. The company relies on a vertically integrated value chain that covers all steps from raw material procurement to production, distribution, marketing, and sales. The different divisions of Ambev include both the premium segment and the mass market. The company's most well-known brands include Brahma, Antarctica, Skol, Bohemia, Quilmes, Budweiser, and Stella Artois. Overall, Ambev offers a wide range of beers, sodas, and other soft drinks, as well as spirits and water. Ambev follows a clear brand strategy that is tailored to the respective target markets. For example, the Brahma brand is primarily targeted at the Brazilian market, while Skol is present in other Latin American countries. With Budweiser and Stella Artois, Ambev is also present in the premium segment and can achieve higher margins here. Over the years, Ambev has also diversified into other areas, including retail and gastronomy. For example, the company operates over 1,000 of its own sales outlets in Brazil, including restaurants and bars. Additionally, Ambev is also active in the logistics sector and operates a vast network of warehouses and distribution centers. The history of Ambev dates back to the mid-19th century when the two companies Brahma and Antarctica were founded. Both companies evolved into leading beer producers in Brazil over the years and eventually achieved international success. In 1999, the two companies merged to form Ambev SA, creating the largest beer producer in Latin America. In the following years, Ambev continued to expand and acquired, among others, the Argentinean beer producer Quilmes and the Mexican Grupo Modelo. Today, Ambev is a globally operating company with a wide range of products and services. The company relies on a clear brand strategy and an efficient value chain to successfully compete in the competitive beverage market.

Ambev SWOT Analysis

Strengths

Ambev SA, a leading beverage company headquartered in Brazil, possesses several strengths, including:

  • Strong brand portfolio with popular and well-established brands
  • Extensive distribution network, ensuring wide market reach
  • Diversified product offerings catering to various consumer preferences
  • Efficient supply chain management, enabling cost-effective operations

Despite its strengths, Ambev SA also has some weaknesses that could hinder its growth and performance:

  • Dependence on the Brazilian market, making it vulnerable to economic fluctuations
  • Intense competition in the beverage industry, challenging market share
  • Reliance on a few key customers for a significant portion of revenue
  • Limited presence in certain international markets compared to global competitors

Ambev SA has several opportunities that can be leveraged to its advantage:

  • Expanding into emerging markets with growing beverage demand
  • Developing and marketing healthier beverage options to tap into health-conscious trends
  • Increasing investment in research and development for product innovation
  • Acquiring or partnering with local breweries to strengthen international presence

Ambev SA faces certain threats that could pose challenges to its business:

  • Changing consumer preferences and shifting towards non-alcoholic beverages
  • Stringent regulations and potential legal restrictions on alcohol marketing
  • Economic uncertainties and currency fluctuations impacting purchasing power
  • Increased environmental concerns and sustainability expectations in the industry

Weaknesses

Despite its strengths, Ambev SA also has some weaknesses that could hinder its growth and performance:

  • Dependence on the Brazilian market, making it vulnerable to economic fluctuations
  • Intense competition in the beverage industry, challenging market share
  • Reliance on a few key customers for a significant portion of revenue
  • Limited presence in certain international markets compared to global competitors

Ambev SA has several opportunities that can be leveraged to its advantage:

  • Expanding into emerging markets with growing beverage demand
  • Developing and marketing healthier beverage options to tap into health-conscious trends
  • Increasing investment in research and development for product innovation
  • Acquiring or partnering with local breweries to strengthen international presence

Ambev SA faces certain threats that could pose challenges to its business:

  • Changing consumer preferences and shifting towards non-alcoholic beverages
  • Stringent regulations and potential legal restrictions on alcohol marketing
  • Economic uncertainties and currency fluctuations impacting purchasing power
  • Increased environmental concerns and sustainability expectations in the industry

Opportunities

Ambev SA has several opportunities that can be leveraged to its advantage:

  • Expanding into emerging markets with growing beverage demand
  • Developing and marketing healthier beverage options to tap into health-conscious trends
  • Increasing investment in research and development for product innovation
  • Acquiring or partnering with local breweries to strengthen international presence

Ambev SA faces certain threats that could pose challenges to its business:

  • Changing consumer preferences and shifting towards non-alcoholic beverages
  • Stringent regulations and potential legal restrictions on alcohol marketing
  • Economic uncertainties and currency fluctuations impacting purchasing power
  • Increased environmental concerns and sustainability expectations in the industry

Threats

Ambev SA faces certain threats that could pose challenges to its business:

  • Changing consumer preferences and shifting towards non-alcoholic beverages
  • Stringent regulations and potential legal restrictions on alcohol marketing
  • Economic uncertainties and currency fluctuations impacting purchasing power
  • Increased environmental concerns and sustainability expectations in the industry

Ambev Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Ambev historical P/E ratio, EBIT multiple, and P/S ratio

Ambev annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Ambev shares outstanding

The number of shares of Ambev was 15.66 B in 2025. This indicates how many shares Ambev is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
15.87 B Stocks
Jan 1, 2021
15.86 B Stocks
Jan 1, 2022
15.84 B Stocks
Jan 1, 2023
15.83 B Stocks
Jan 1, 2024
15.80 B Stocks
Jan 1, 2025
15.66 B Stocks
Jan 1, 2026 (e)
15.66 B Stocks
Jan 1, 2027 (e)
15.66 B Stocks

Ambev stock splits

In Ambev's history, there have been no stock splits.

Ambev Dividend History

27 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.04BRLYTD
Jun 23, 20260.04BRL 93.9%1/1
20251.11BRL 355.1%
Mar 17, 20250.13BRL 47.9%1/4
May 16, 20250.13BRL 0.3%2/4
Aug 8, 20250.13BRL 0.2%3/4
Dec 19, 20250.73BRL 469.1%4/4
20240.24BRL 66.5%
20230.73BRL 4.2%
20220.76BRL 262.8%
20210.21BRL 49.2%
20200.41BRL 15.7%
20190.49BRL 10.8%
20180.55BRL 1.9%
20170.54BRL 15.6%

Ambev dividend history and estimates

In 2025, Ambev paid a dividend amounting to 1.11 BRL. Dividend means that Ambev distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2020 (e)
0.41 BRL
0.00 BRL
0.49 BRL
Jan 1, 2021 (e)
0.21 BRL
0.00 BRL
0.13 BRL
Jan 1, 2022 (e)
0.76 BRL
0.00 BRL
0.76 BRL
Jan 1, 2023 (e)
0.73 BRL
0.00 BRL
0.73 BRL
Jan 1, 2024 (e)
0.24 BRL
0.00 BRL
0.24 BRL
Jan 1, 2025 (e)
1.11 BRL
0.00 BRL
1.11 BRL
Jan 1, 2026 (e)
0.04 BRL
0.09 BRL
0.00 BRL
Jan 1, 2027 (e)
0.00 BRL
0.13 BRL
0.00 BRL

Ambev dividend payout ratio

In 2025, Ambev had a payout ratio of 112.51%. The payout ratio indicates the percentage of the company's profits that Ambev distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
57.69 %
Jan 1, 2021
26.30 %
Jan 1, 2022
83.51 %
Jan 1, 2023
79.70 %
Jan 1, 2024
26.79 %
Jan 1, 2025
112.51 %
Jan 1, 2026 (e)
13.06 %
Jan 1, 2027 (e)
12.00 %

Current Ambev forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
5.63 %
Buy5.00 % (1)
Hold60.00 % (12)
Sell35.00 % (7)
12M Price Target
15.30
Last Price
15.64
Currency
BRL
12M Return Potential
-2.17 %
LTM Return
0 %

Ambev Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/2/20240.24BRL21.20 BBRL2024 Q1
2/29/20240.30BRL24.10 BBRL2023 Q4
7/26/20230.18BRL18.85 BBRL2023 Q2
5/3/20230.21BRL19.36 BBRL2023 Q1
2/22/20230.27BRL24.00 BBRL2022 Q4
10/27/20220.18BRL20.58 BBRL2022 Q3
7/28/20220.14BRL17.65 BBRL2022 Q2
5/5/20220.20BRL18.31 BBRL2022 Q1
2/24/20220.26BRL21.62 BBRL2021 Q4
10/28/20210.15BRL17.02 BBRL2021 Q3

EESG©

Eulerpool ESG Scorecard© for the Ambev stock

68/100
94
Environment
67
Social
42
Governance
E

Environment

20
Scope 1 - Direct Emissions484,000
Scope 2 - Indirect emissions from purchased energy452,000
Scope 3 - Indirect emissions within the value chain4,302,000
Total CO₂ emissions936,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees27.32
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Ambev shareholder structure

% Name
53.82387%
Anheuser-Busch Inbev SA
Anheuser-Busch Inbev SA
10.26524%
Fundação Antonio e Helena Zerrenner - FAHZ
Fundação Antonio e Helena Zerrenner - FAHZ
8.21034%
Ambrew SARL
Ambrew SARL
1.07224%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
0.95876%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
0.77761%
Santander Rio Asset Management G.F.C.I.S.A.
Santander Rio Asset Management G.F.C.I.S.A.
...

Ambev Executives and Management Board

MD

Mr. Michel Doukeris

(52)

Chairman of the Board · since 2021

CL

Mr. Carlos Lisboa

(55)

Chief Executive Officer · since 2018

GP

Mr. Guilherme De Figueiredo Ferraz Parolari.

Chief Financial, Investor Relations and Shared Services Officer

LK

Ms. Leticia Kina

(48)

Legal and Compliance Vice President Officer

JC

Mr. Joao Coelho de Carvalho

(42)

Sales Vice President Officer

Frequently asked questions about Ambev

The business model of Ambev SA is focused on the production, distribution, and sale of beverages. As a leading brewery company, Ambev SA specializes in the production of beer, carbonated soft drinks, and other non-alcoholic beverages. With a strong presence in the Latin American market, the company utilizes an integrated approach, from sourcing raw materials to distribution through a vast network. Ambev SA aims to constantly innovate its product portfolio and marketing strategies to cater to changing consumer demands and maintain a competitive edge in the beverage industry.

All fundamentals and in-depth analysis of Ambev

Our stock analysis for Ambev stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Ambev. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.