Ratings Ambev S.A. Buenos Aires S.E.

Equities

ABEV

ARBCOM4601V4

End-of-day quote Buenos Aires S.E. Other stock markets 23:00:00 06/06/2024 BST			5-day change	1st Jan Change
8,567 ^ARS	-2.23%		+2.72%	+5.03%

05-16	Tranche Update on Ambev S.A.'s Equity Buyback Plan announced on May 19, 2023.	CI
05-16	Ambev S.A.'s Equity Buyback announced on May 19, 2023, has closed with 13,000,000 shares, representing 0.08% for BRL 176.31 million.	CI

Summary

The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
The company presents an interesting fundamental situation from a short-term investment perspective.

Strengths

Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
The company returns high margins, thereby supporting business profitability.
Thanks to a sound financial situation, the firm has significant leeway for investment.
This company will be of major interest to investors in search of a high dividend stock.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Analyst opinion has improved significantly over the past four months.
The group usually releases upbeat results with huge surprise rates.

Weaknesses

The potential for earnings per share (EPS) growth in the coming years appears limited according to current analyst estimates.
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

Ratings chart - Surperformance

Sector: Brewers

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
AMBEV S.A.	+5.03%	34.56B		-
ANHEUSER-BUSCH INBEV SA/NV	-1.06%	127B		A-
HEINEKEN N.V.	+2.78%	57.55B		B+
CONSTELLATION BRANDS, INC.	+3.80%	45.76B		C+
HEINEKEN HOLDING N.V.	-0.07%	23.4B	-	B+
CARLSBERG A/S	+14.48%	19.34B		B
ASAHI GROUP HOLDINGS, LTD.	+10.76%	18.85B		A-
BUDWEISER BREWING COMPANY APAC LIMITED	-33.79%	16.34B		B
CHINA RESOURCES BEER (HOLDINGS) COMPANY LIMITED	-8.48%	13B		B-
TSINGTAO BREWERY COMPANY LIMITED	+6.01%	12.44B		B-

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ESG Refinitiv

Financials

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