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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 4.00
ABV's Cash to Debt is ranked higher than
79% of the 229 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 0.42 vs. ABV: 4.00 )
ABV' s 10-Year Cash to Debt Range
Min: 0.15   Max: 4
Current: 4

0.15
4
Equity to Asset 0.62
ABV's Equity to Asset is ranked higher than
81% of the 231 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 0.51 vs. ABV: 0.62 )
ABV' s 10-Year Equity to Asset Range
Min: 0.29   Max: 0.62
Current: 0.62

0.29
0.62
Interest Coverage 6.16
ABV's Interest Coverage is ranked higher than
63% of the 165 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 14.35 vs. ABV: 6.16 )
ABV' s 10-Year Interest Coverage Range
Min: 0.42   Max: 9.47
Current: 6.16

0.42
9.47
F-Score: 8
Z-Score: 8.15
M-Score: -3.23
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 44.16
ABV's Operating margin (%) is ranked higher than
97% of the 232 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 14.60 vs. ABV: 44.16 )
ABV' s 10-Year Operating margin (%) Range
Min: 6.22   Max: 44.16
Current: 44.16

6.22
44.16
Net-margin (%) 27.41
ABV's Net-margin (%) is ranked higher than
96% of the 232 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 9.07 vs. ABV: 27.41 )
ABV' s 10-Year Net-margin (%) Range
Min: 8.96   Max: 31.85
Current: 27.41

8.96
31.85
ROE (%) 22.26
ABV's ROE (%) is ranked higher than
90% of the 227 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 10.93 vs. ABV: 22.26 )
ABV' s 10-Year ROE (%) Range
Min: 6.83   Max: 36.57
Current: 22.26

6.83
36.57
ROA (%) 13.88
ABV's ROA (%) is ranked higher than
93% of the 234 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 4.98 vs. ABV: 13.88 )
ABV' s 10-Year ROA (%) Range
Min: 3.54   Max: 18.73
Current: 13.88

3.54
18.73
ROC (Joel Greenblatt) (%) 110.23
ABV's ROC (Joel Greenblatt) (%) is ranked higher than
97% of the 233 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 25.41 vs. ABV: 110.23 )
ABV' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 9.52   Max: 144.67
Current: 110.23

9.52
144.67
Revenue Growth (%) 5.50
ABV's Revenue Growth (%) is ranked higher than
74% of the 208 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 5.60 vs. ABV: 5.50 )
ABV' s 10-Year Revenue Growth (%) Range
Min: -68.8   Max: 338
Current: 5.5

-68.8
338
EBITDA Growth (%) 7.70
ABV's EBITDA Growth (%) is ranked higher than
79% of the 194 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 6.90 vs. ABV: 7.70 )
ABV' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 30.7
Current: 7.7

0
30.7
EPS Growth (%) 2.00
ABV's EPS Growth (%) is ranked higher than
70% of the 194 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 12.90 vs. ABV: 2.00 )
ABV' s 10-Year EPS Growth (%) Range
Min: -73.9   Max: 516.2
Current: 2

-73.9
516.2
» ABV's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

ABV Guru Trades in Q1 2013

RS Investment Management 92,590 sh (New)
Jim Simons 3,557,200 sh (+53.2%)
John Keeley 6,788 sh (+35.62%)
Ken Fisher 9,226,608 sh (+4.83%)
Howard Marks 16,448 sh (unchged)
Manning & Napier Advisors, Inc 47,050 sh (unchged)
Jean-Marie Eveillard 3,575 sh (unchged)
Sarah Ketterer 67,600 sh (unchged)
Caxton Associates Sold Out
Jeremy Grantham 562,900 sh (-10.13%)
Steven Cohen 7,600 sh (-19.65%)
» More
Q2 2013

ABV Guru Trades in Q2 2013

Lee Ainslie 1,262,247 sh (New)
Manning & Napier Advisors, Inc 9,614,532 sh (+20334.7%)
Howard Marks 36,688 sh (+123.05%)
Ken Fisher 9,374,418 sh (+1.6%)
Jean-Marie Eveillard 3,575 sh (unchged)
John Keeley Sold Out
Sarah Ketterer Sold Out
RS Investment Management Sold Out
Jim Simons 3,329,700 sh (-6.4%)
Jeremy Grantham 463,900 sh (-17.59%)
Steven Cohen 2,527 sh (-66.75%)
» More
Q3 2013

ABV Guru Trades in Q3 2013

Caxton Associates 8,400 sh (New)
Steven Cohen 15,159 sh (+499.88%)
Lee Ainslie 2,581,599 sh (+104.52%)
Howard Marks 47,180 sh (+28.6%)
Manning & Napier Advisors, Inc 10,870,612 sh (+13.06%)
Jean-Marie Eveillard 3,575 sh (unchged)
Jeremy Grantham 451,900 sh (-2.59%)
Ken Fisher 2,092,495 sh (-77.68%)
Jim Simons 540,500 sh (-83.77%)
» More
Q4 2013

ABV Guru Trades in Q4 2013

Ken Fisher Sold Out
Steven Cohen Sold Out
Jim Simons Sold Out
Caxton Associates Sold Out
Manning & Napier Advisors, Inc Sold Out
Jeremy Grantham Sold Out
Howard Marks Sold Out
Jean-Marie Eveillard Sold Out
Lee Ainslie Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with ABV

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Lee Ainslie 2013-12-31 Sold Out 1.3%$35.95 - $40.12 $ 37.2-3%0
Jean-Marie Eveillard 2013-12-31 Sold Out $35.95 - $40.12 $ 37.2-3%0
Lee Ainslie 2013-09-30 Add 104.52%0.66%$33.94 - $39.23 $ 37.22%2581599
Lee Ainslie 2013-06-30 New Buy0.64%$33.73 - $43.6 $ 37.2-6%1262247
John Keeley 2013-06-30 Sold Out 0.01%$33.73 - $43.6 $ 37.2-6%0
John Keeley 2013-03-31 Add 35.62%$41.52 - $47.06 $ 37.2-17%6788
John Keeley 2012-12-31 Reduce -35.05%$39.04 - $42.81 $ 37.2-9%5005
Lee Ainslie 2012-03-31 Sold Out 0.29%$34.48 - $44.1 $ 37.24%0
Lee Ainslie 2011-12-31 Reduce -92.09%2.85%$29.92 - $36.26 $ 37.210%571743
Lee Ainslie 2011-09-30 New Buy3.09%$27.98 - $35.64 $ 37.216%7224183
John Keeley 2011-09-30 New Buy0.01%$27.98 - $35.64 $ 37.216%8336
Premium More recent guru trades are included for Premium Members only!!
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Top Ranked Articles about Companhia de Bebidas das Americas Ambev

Top Guru-Held South American Stocks as of the Third Quarter
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which companies based out of South America were held by the highest number of gurus. Read more...
South American Beverage Companies
The beverage market in South America has been weak in 2012, and 2013 didn’t start as strong as many had expected. That said, the market seems to be recovering as growth comes back to life, above all in Brazil, Latin America’s biggest economy. Here I want to take a look at two big South American brewers: Almighty AmBev (ABV) and the Chilean national champion Compania Cervecerias Unidas (CCU). Read more...
Weekly Guru Bargains Highlights: ABV, BBD, ITUB, 7775, HDB
According to GuruFocus updates , these stocks have declined the most since Gurus have bought. Read more...
Manning & Napier's Increase in Facebook and Other Top Increases
Manning & Napier Advisors is a Guru-ranked fund that offers equity and fixed income portfolios as well as a range of blended asset portfolios, such as life cycle funds, that use a mix of stocks and bonds. As of June 30, 2013, the fund managed $46.3 billion in client assets. During the second quarter Manning & Napier Advisors bought into 23 companies, bringing the fund’s total to 352 stocks valued at approximately $19.5 billion. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 21.60
ABV's P/E(ttm) is ranked higher than
64% of the 211 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 19.20 vs. ABV: 21.60 )
ABV' s 10-Year P/E(ttm) Range
Min: 5.6   Max: 3033.47
Current: 21.6

5.6
3033.47
P/B 6.78
ABV's P/B is ranked lower than
60% of the 217 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 2.16 vs. ABV: 6.78 )
ABV' s 10-Year P/B Range
Min: 0.4   Max: 6.78
Current: 6.78

0.4
6.78
P/S 4.41
ABV's P/S is ranked lower than
78% of the 240 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 2.20 vs. ABV: 4.41 )
ABV' s 10-Year P/S Range
Min: 0.02   Max: 5.58
Current: 4.41

0.02
5.58
PFCF 25.16
ABV's PFCF is ranked higher than
63% of the 163 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 21.92 vs. ABV: 25.16 )
ABV' s 10-Year PFCF Range
Min: 0.04   Max: 25.16
Current: 25.16

0.04
25.16
EV-to-EBIT 20.25
ABV's EV-to-EBIT is ranked higher than
53% of the 226 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 15.60 vs. ABV: 20.25 )
ABV' s 10-Year EV-to-EBIT Range
Min: 2.4   Max: 47.1
Current: 20.25

2.4
47.1
PEG 1.51
ABV's PEG is ranked higher than
77% of the 172 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 2.33 vs. ABV: 1.51 )
ABV' s 10-Year PEG Range
Min: 0.09   Max: 159.11
Current: 1.51

0.09
159.11
Shiller P/E 24.17
ABV's Shiller P/E is ranked higher than
62% of the 156 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 22.07 vs. ABV: 24.17 )
ABV' s 10-Year Shiller P/E Range
Min: 13.56   Max: 64
Current: 24.17

13.56
64

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.36
ABV's Dividend Yield is ranked higher than
85% of the 193 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 1.90 vs. ABV: 3.36 )
ABV' s 10-Year Dividend Yield Range
Min: 0.41   Max: 10.12
Current: 3.36

0.41
10.12
Dividend Payout 0.18
ABV's Dividend Payout is ranked higher than
89% of the 171 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 0.33 vs. ABV: 0.18 )
ABV' s 10-Year Dividend Payout Range
Min: 0.17   Max: 54.5
Current: 0.18

0.17
54.5
Dividend growth (3y) -50.10
ABV's Dividend growth (3y) is ranked higher than
63% of the 145 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 7.40 vs. ABV: -50.10 )
ABV' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 97.3
Current: -50.1

0
97.3
Yield on cost (5-Year) 1.46
ABV's Yield on cost (5-Year) is ranked lower than
59% of the 194 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 2.17 vs. ABV: 1.46 )
ABV' s 10-Year Yield on cost (5-Year) Range
Min: 0.18   Max: 4.39
Current: 1.46

0.18
4.39
Share Buyback Rate 6.10
ABV's Share Buyback Rate is ranked higher than
97% of the 149 Companies
in the Global Beverages - Brewers industry.

( Industry Median: -0.50 vs. ABV: 6.10 )
ABV' s 10-Year Share Buyback Rate Range
Min: 78.7   Max: -457.9
Current: 6.1

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.50
ABV's Price/DCF (Projected) is ranked higher than
69% of the 168 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 1.50 vs. ABV: 1.50 )
ABV' s 10-Year Price/DCF (Projected) Range
Min: 0.28   Max: 2.1
Current: 1.5

0.28
2.1
Price/Median PS Value 4.70
ABV's Price/Median PS Value is ranked lower than
61% of the 230 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 1.10 vs. ABV: 4.70 )
ABV' s 10-Year Price/Median PS Value Range
Min: 0.01   Max: 2.79
Current: 4.7

0.01
2.79
Earnings Yield (Greenblatt) 4.90
ABV's Earnings Yield (Greenblatt) is ranked higher than
58% of the 224 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 6.40 vs. ABV: 4.90 )
ABV' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.1   Max: 42.4
Current: 4.9

2.1
42.4
Forward Rate of Return (Yacktman) 590.78
ABV's Forward Rate of Return (Yacktman) is ranked higher than
99% of the 189 Companies
in the Global Beverages - Brewers industry.

( Industry Median: 9.81 vs. ABV: 590.78 )
ABV' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -13   Max: 83.8
Current: 590.78

-13
83.8

Business Description

Industry: Beverages - Alcoholic » Beverages - Brewers
Compare:SAM, SBMRY, HINKY, FMX, CCU » details
Traded in other countries:BBS.Germany, AMNA.Germany
Companhia de Bebidas das Américas Ambev is the successor of Companhia Cervejaria Brahma ("Brahma") and Companhia Antarctica Paulista Indústria Brasileira de Bebidas e Conexos ("Antarctica"), two of the oldest brewers in Brazil. Antarctica was founded in 1885. Brahma was founded in 1888 as Villiger & Cia. Ambev's main business is beer and market brands such as Skol, Brahma, Antarctica, Quilmes, Labatt, Presidente, among others. The Company also operates in the soft drinks (CSD) and non-alcoholic and non-carbonated (NANC) businesses with proprietary brands such as Guaraná Antarctica and Fusion, among others, in Brazil and through a partnership with PepsiCo in many countries where we operate. In 1997, Brahma acquired the exclusive rights to produce, sell and distribute Pepsi CSD products in northeastern Brazil and in 1999, obtained the exclusive rights to produce, sell and distribute Pepsi CSD products throughout Brazil. In addition, the firm has franchise agreements for Pepsi products in Argentina, Bolivia, Uruguay, Peru and the Dominican Republic. In 1994, Brahma began its international presence through beer operations in Argentina, Paraguay and Venezuela. In 2003, after the creation of Ambev, the Company accelerated its expansion outside Brazil through a business combination with Quinsa, establishing a leading presence in the beer markets of Argentina, Bolivia, Paraguay and Uruguay. In 2003 and also during 2004, Ambev completed a series of acquisitions in markets such as Central America, Peru, Ecuador and the Dominican Republic. In the following year, the Company also started to operate in the beer industry in Canada through the merger of an indirect holding company of Labatt. Finally, in May 2012, Ambev expanded its operations in the Caribbean through a strategic alliance with E. León Jimenes S.A.Currently Ambev has operations in 16 countries: Brazil, Canada, Argentina, Bolivia, Chile, Paraguay, Uruguay, Guatemala, Dominican Republic, Ecuador, Peru, El Salvador, Nicaragua, Saint Vincent, Dominica and Antigua.

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