Ambev SA (ABEV3) Ratios
Ambev SA Ratios
BR:ABEV3's free cash flow for Q3 2026 was $6.54B. For the 2026 fiscal year, BR:ABEV3's free cash flow was decreased by $-1.13B and operating cash flow was $7.68B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.96 | 1.10 | 0.89 | 0.93 | 0.99 |
| Quick Ratio | 0.73 | 0.86 | 0.66 | 0.61 | 0.71 |
| Cash Ratio | 0.41 | 0.58 | 0.39 | 0.37 | 0.43 |
| Solvency Ratio | 0.38 | 0.34 | 0.40 | 0.37 | 0.33 |
| Operating Cash Flow Ratio | 0.54 | 0.53 | 0.60 | 0.51 | 0.59 |
| Short-Term Operating Cash Flow Coverage | 20.95 | 159.50 | 163.43 | 75.53 | 101.97 |
| Net Current Asset Value | $ -15.46B | $ -8.77B | $ -15.94B | $ -16.81B | $ -15.96B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.04 | 0.02 | 0.03 | 0.03 | 0.02 |
| Debt-to-Equity Ratio | 0.06 | 0.04 | 0.04 | 0.05 | 0.04 |
| Debt-to-Capital Ratio | 0.06 | 0.03 | 0.04 | 0.04 | 0.04 |
| Long-Term Debt-to-Capital Ratio | 0.02 | 0.00 | 0.00 | 0.01 | 0.00 |
| Financial Leverage Ratio | 1.68 | 1.65 | 1.68 | 1.68 | 1.68 |
| Debt Service Coverage Ratio | 11.06 | 8.99 | 8.01 | 7.14 | 10.09 |
| Interest Coverage Ratio | 21.09 | 8.56 | 6.52 | 5.75 | 9.48 |
| Debt to Market Cap | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 0.40 | 0.38 | 0.41 | 0.44 | 0.31 |
| Net Debt to EBITDA | -0.49 | -0.87 | -0.52 | -0.48 | -0.64 |
| Profitability Margins | |||||
| Gross Profit Margin | 47.86% | 51.24% | 50.72% | 49.29% | 51.05% |
| EBIT Margin | 22.68% | 24.47% | 22.39% | 21.76% | 21.52% |
| EBITDA Margin | 30.42% | 32.43% | 30.44% | 29.22% | 28.95% |
| Operating Profit Margin | 22.68% | 24.37% | 23.62% | 22.19% | 23.44% |
| Pretax Profit Margin | 22.01% | 21.79% | 18.86% | 17.86% | 18.89% |
| Net Profit Margin | 17.57% | 16.14% | 18.19% | 18.14% | 17.39% |
| Continuous Operations Profit Margin | 18.12% | 16.59% | 18.99% | 18.68% | 18.01% |
| Net Income Per EBT | 79.83% | 74.09% | 96.45% | 101.56% | 92.09% |
| EBT Per EBIT | 97.03% | 89.38% | 79.85% | 80.48% | 80.56% |
| Return on Assets (ROA) | 10.47% | 8.88% | 10.93% | 10.48% | 9.14% |
| Return on Equity (ROE) | 17.63% | 14.64% | 18.36% | 17.64% | 15.33% |
| Return on Capital Employed (ROCE) | 19.53% | 19.27% | 20.55% | 18.16% | 17.13% |
| Return on Invested Capital (ROIC) | 15.89% | 14.52% | 20.26% | 17.96% | 16.19% |
| Return on Tangible Assets | 16.23% | 13.67% | 17.14% | 16.40% | 14.48% |
| Earnings Yield | 7.16% | 7.82% | 7.06% | 6.73% | 5.36% |
| Efficiency Ratios | |||||
| Receivables Turnover | 8.63 | 14.27 | 13.89 | 14.90 | 15.20 |
| Payables Turnover | 2.04 | 1.73 | 1.69 | 1.66 | 1.42 |
| Inventory Turnover | 4.37 | 3.73 | 4.08 | 3.13 | 3.24 |
| Fixed Asset Turnover | 3.19 | 2.96 | 2.99 | 2.65 | 2.49 |
| Asset Turnover | 0.60 | 0.55 | 0.60 | 0.58 | 0.53 |
| Working Capital Turnover Ratio | 57.99 | 550.10 | -22.26 | -53.80 | 89.65 |
| Cash Conversion Cycle | -53.50 | -87.68 | -99.83 | -78.49 | -120.09 |
| Days of Sales Outstanding | 42.31 | 25.58 | 26.28 | 24.49 | 24.01 |
| Days of Inventory Outstanding | 83.46 | 97.83 | 89.36 | 116.69 | 112.60 |
| Days of Payables Outstanding | 179.26 | 211.09 | 215.47 | 219.68 | 256.69 |
| Operating Cycle | 125.77 | 123.41 | 115.64 | 141.19 | 136.60 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.57 | 1.66 | 1.57 | 1.31 | 1.46 |
| Free Cash Flow Per Share | 1.27 | 1.36 | 1.19 | 0.90 | 0.97 |
| Dividend Paid and CapEx Coverage Ratio | 0.98 | 2.96 | 1.38 | 1.10 | 1.22 |
| Capital Expenditure Coverage Ratio | 5.33 | 5.50 | 4.12 | 3.16 | 2.98 |
| Operating Cash Flow Coverage Ratio | 4.57 | 7.56 | 7.06 | 5.37 | 7.31 |
| Operating Cash Flow to Sales Ratio | 0.28 | 0.29 | 0.31 | 0.26 | 0.31 |
| Free Cash Flow Yield | 9.17% | 11.56% | 9.11% | 6.57% | 6.45% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 14.00 | 12.76 | 14.16 | 14.85 | 18.64 |
| Price-to-Sales (P/S) Ratio | 2.45 | 2.07 | 2.57 | 2.69 | 3.24 |
| Price-to-Book (P/B) Ratio | 2.46 | 1.87 | 2.60 | 2.62 | 2.86 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 10.90 | 8.65 | 10.97 | 15.22 | 15.52 |
| Price-to-Operating Cash Flow Ratio | 8.85 | 7.08 | 8.31 | 10.40 | 10.31 |
| Price-to-Earnings Growth (PEG) Ratio | 1.84 | 0.00 | 0.00 | 1.09 | 1.49 |
| Enterprise Value Multiple | 7.57 | 5.50 | 7.94 | 8.74 | 10.56 |
| Enterprise Value | 203.17B | 159.58B | 192.75B | 203.64B | 222.71B |
| EV to EBITDA | 7.57 | 5.50 | 7.94 | 8.74 | 10.56 |
| EV to Sales | 2.30 | 1.78 | 2.42 | 2.55 | 3.06 |
| EV to Free Cash Flow | 10.23 | 7.47 | 10.30 | 14.43 | 14.63 |
| EV to Operating Cash Flow | 8.31 | 6.11 | 7.80 | 9.87 | 9.73 |
| Tangible Book Value Per Share | 2.32 | 2.71 | 2.04 | 2.13 | 2.09 |
| Shareholders’ Equity Per Share | 5.63 | 6.27 | 5.02 | 5.21 | 5.25 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.18 | 0.24 | -0.01 | -0.05 | 0.05 |
| Revenue Per Share | 5.65 | 5.69 | 5.06 | 5.06 | 4.63 |
| Net Income Per Share | 0.99 | 0.92 | 0.92 | 0.92 | 0.81 |
| Tax Burden | 0.80 | 0.74 | 0.96 | 1.02 | 0.92 |
| Interest Burden | 0.97 | 0.89 | 0.84 | 0.82 | 0.88 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.29 | 0.30 | 0.07 | 0.07 | 0.07 |
| Stock-Based Compensation to Revenue | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 |
| Income Quality | 1.58 | 1.76 | 1.70 | 1.39 | 1.75 |
Currency in BRL
