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Ambev Overview
About Ambev
Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving AB InBev a controlling interest of 62%.
Founded
2005
HQ
Employees
42.2K
Website
Sectors
Financials (LTM)
EV
$45B
Ambev Financials
Ambev reported last 12-month revenue of $17B and EBITDA of $6B.
In the same LTM period, Ambev generated $8B in gross profit, $6B in EBITDA, and $3B in net income.
Revenue (LTM)
Ambev P&L
In the most recent fiscal year, Ambev reported revenue of $17B and EBITDA of $6B.
Ambev expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $17B | XXX | $17B | XXX | XXX | XXX |
| Gross Profit | $8B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 46% | XXX | 50% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $6B | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 17% | XXX | 17% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ambev Stock Performance
Ambev has current market cap of $48B, and enterprise value of $45B.
Market Cap Evolution
Ambev's stock price is $3.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $45B | $48B | 0.0% | XXX | XXX | XXX | $0.19 |
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Start Free TrialAmbev Valuation Multiples
Ambev trades at 2.6x EV/Revenue multiple, and 8.0x EV/EBITDA.
EV / Revenue (LTM)
Ambev Financial Valuation Multiples
As of March 16, 2026, Ambev has market cap of $48B and EV of $45B.
Equity research analysts estimate Ambev's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ambev has a P/E ratio of 16.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $48B | XXX | $48B | XXX | XXX | XXX |
| EV (current) | $45B | XXX | $45B | XXX | XXX | XXX |
| EV/Revenue | 2.6x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 8.0x | XXX | 8.1x | XXX | XXX | XXX |
| EV/EBIT | 10.4x | XXX | 10.4x | XXX | XXX | XXX |
| EV/Gross Profit | 5.7x | XXX | 5.2x | XXX | XXX | XXX |
| P/E | 16.4x | XXX | 16.4x | XXX | XXX | XXX |
| EV/FCF | 14.1x | XXX | 11.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ambev Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Ambev Margins & Growth Rates
Ambev's revenue in the last 12 month grew by 1%.
Ambev's revenue per employee in the last FY averaged $0.4M.
Ambev's rule of 40 is 34% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ambev's rule of X is 36% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ambev Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 34% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 36% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ambev Public Comps
See public comps and valuation multiples for other Alcohol comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Heineken | XXX | XXX | XXX | XXX | XXX | XXX |
| Diageo | XXX | XXX | XXX | XXX | XXX | XXX |
| Wuliangye | XXX | XXX | XXX | XXX | XXX | XXX |
| Backus | XXX | XXX | XXX | XXX | XXX | XXX |
| Xinghuacun Fenjiu | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ambev M&A Activity
Ambev acquired XXX companies to date.
Last acquisition by Ambev was on XXXXXXXX, XXXXX. Ambev acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ambev
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAmbev Investment Activity
Ambev invested in XXX companies to date.
Ambev made its latest investment on XXXXXXXX, XXXXX. Ambev invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ambev
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ambev
| When was Ambev founded? | Ambev was founded in 2005. |
| Where is Ambev headquartered? | Ambev is headquartered in Brazil. |
| How many employees does Ambev have? | As of today, Ambev has over 42K employees. |
| Who is the CEO of Ambev? | Ambev's CEO is Carlos Eduardo Klutzenschell Lisboa. |
| Is Ambev publicly listed? | Yes, Ambev is a public company listed on NYSE. |
| What is the stock symbol of Ambev? | Ambev trades under ABEV ticker. |
| When did Ambev go public? | Ambev went public in 1996. |
| Who are competitors of Ambev? | Ambev main competitors are Heineken, Diageo, Wuliangye, Backus. |
| What is the current market cap of Ambev? | Ambev's current market cap is $48B. |
| What is the current revenue of Ambev? | Ambev's last 12 months revenue is $17B. |
| What is the current revenue growth of Ambev? | Ambev revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Ambev? | Current revenue multiple of Ambev is 2.6x. |
| Is Ambev profitable? | Yes, Ambev is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ambev? | Ambev's last 12 months EBITDA is $6B. |
| What is Ambev's EBITDA margin? | Ambev's last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of Ambev? | Current EBITDA multiple of Ambev is 8.0x. |
| What is the current FCF of Ambev? | Ambev's last 12 months FCF is $3B. |
| What is Ambev's FCF margin? | Ambev's last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of Ambev? | Current FCF multiple of Ambev is 14.1x. |
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