Ambev Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Aug '25 Aug 15, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Market Capitalization	187,731	184,649	216,110	228,568	242,713	246,228	Upgrade
Market Cap Growth	15.93%	-14.56%	-5.45%	-5.83%	-1.43%	-16.18%	Upgrade
Enterprise Value	174,103	167,834	203,494	214,301	227,345	232,227	Upgrade
Last Close Price	12.04	11.41	12.68	12.85	13.06	12.76	Upgrade
PE Ratio	12.86	12.79	14.90	15.81	19.16	21.64	Upgrade
Forward PE	12.15	12.12	14.40	17.62	20.13	22.38	Upgrade
PS Ratio	2.05	2.06	2.71	2.87	3.33	4.22	Upgrade
PB Ratio	2.01	1.85	2.70	2.74	2.89	3.28	Upgrade
P/TBV Ratio	4.76	4.42	6.99	7.11	7.70	9.39	Upgrade
P/FCF Ratio	8.67	8.65	11.55	16.20	15.94	17.39	Upgrade
P/OCF Ratio	7.14	7.08	8.74	11.07	10.60	13.06	Upgrade
PEG Ratio	2.66	2.85	2.15	2.20	3.21	3.21	Upgrade
EV/Sales Ratio	1.90	1.88	2.55	2.69	3.12	3.98	Upgrade
EV/EBITDA Ratio	6.08	6.28	8.68	9.59	10.64	11.26	Upgrade
EV/EBIT Ratio	7.61	7.75	10.80	12.15	13.15	14.27	Upgrade
EV/FCF Ratio	8.04	7.86	10.88	15.19	14.93	16.40	Upgrade
Debt / Equity Ratio	0.03	0.04	0.04	0.05	0.04	0.06	Upgrade
Debt / EBITDA Ratio	0.11	0.12	0.14	0.17	0.14	0.23	Upgrade
Debt / FCF Ratio	0.15	0.16	0.19	0.27	0.21	0.34	Upgrade
Asset Turnover	0.64	0.61	0.59	0.58	0.55	0.51	Upgrade
Inventory Turnover	3.91	4.09	3.49	3.38	3.83	3.99	Upgrade
Quick Ratio	0.72	0.80	0.62	0.58	0.67	0.79	Upgrade
Current Ratio	1.11	1.10	0.89	0.93	0.99	1.06	Upgrade
Return on Equity (ROE)	16.05%	16.52%	18.30%	17.80%	16.49%	17.04%	Upgrade
Return on Assets (ROA)	10.00%	9.18%	8.70%	7.97%	8.19%	8.97%	Upgrade
Return on Capital (ROIC)	14.59%	14.51%	13.78%	12.65%	12.94%	13.98%	Upgrade
Return on Capital Employed (ROCE)	21.70%	19.20%	20.60%	18.10%	17.30%	17.70%	Upgrade
Earnings Yield	7.86%	7.82%	6.71%	6.33%	5.22%	4.62%	Upgrade
FCF Yield	11.54%	11.56%	8.66%	6.17%	6.27%	5.75%	Upgrade
Dividend Yield	5.54%	5.85%	5.76%	5.93%	4.62%	3.84%	Upgrade
Payout Ratio	85.75%	28.10%	82.21%	84.67%	87.72%	60.20%	Upgrade
Buyback Yield / Dilution	0.48%	0.15%	0.06%	0.06%	0.06%	0.01%	Upgrade
Total Shareholder Return	6.02%	6.00%	5.82%	5.99%	4.69%	3.85%	Upgrade

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.