Ambev’s third-quarter fiscal 2026 results included year-over-year organic revenue growth of 7.6%, with volume up 0.8%. Normalized EBITDA rose 8.9%, and EPS rose 15.4%. Due to the consensus miss, shares fell around 5% in early trading on Oct. 29.
Ambev has monopoly-like positions across several markets, making it virtually impossible for a competitor to match the firm’s regional scale.
As a Latin American near pure-play, Ambev’s returns are more volatile than geographically diversified brewers such as Heineken and Carlsberg.
Metric | ABEV | FMX | HEIA |
|---|---|---|---|
Price/Earnings (Normalized) | 13.45 | 23.95 | 16.61 |
Price/Book Value | 2.45 | 3.59 | 2.48 |
Price/Sales | 2.53 | 0.87 | 1.58 |
Price/Cash Flow | 8.06 | 10.83 | 9.81 |
Metric | ABEV | FMX | HEIA |
|---|---|---|---|
Quick Ratio | 0.73 | 0.69 | 0.51 |
Current Ratio | 1.06 | 1.15 | 0.75 |
Interest Coverage | 7.91 | 4.26 | 5.67 |
Metric | ABEV | FMX | HEIA |
|---|---|---|---|
Return on Assets (Normalized) | 12.93% | 5.96% | 5.06% |
Return on Equity (Normalized) | 20.38% | 20.96% | 15.07% |
Return on Invested Capital (Normalized) | 20.37% | 10.12% | 7.96% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Fomento Economico Mexicano SAB de CV ADR FMX | LOCK|r&t&qWc | LOCK|G<$b | — | |||
| Anheuser-Busch InBev SA/NV BUDFF | LOCK|!@M&>c& | LOCK|QC | $170B | |||
| Anheuser-Busch InBev SA/NV ADR BUD | LOCK|^!d&lJS | LOCK|qDm | $170B | |||
| Heineken NV ADR HEINY | LOCK|<$$Z!^g | LOCK|@b | $53B | |||
| Heineken NV HINKF | — | LOCK|!BM | $53B | |||
| Heineken NV CDR (CAD Hedged) -BMO HNIKF | — | LOCK|^< | $53B | |||
| Heineken Holding NV ADR HKHHY | — | LOCK|GV@VN | $25B | |||
| Constellation Brands Inc Class A STZ | LOCK|Hg$!$^@ | LOCK|Y$ | $25B | |||
| Molson Coors Beverage Co Shs -B- Non-Voting TAP | LOCK|%q?p?z | LOCK|L@ | $7B |
United States