AmbevFRA:AMNA -0.72%81 FCF Margin % is 11.99% as of Mar. 2026, which is 49% below its 10-year median of 23.67. GuruFocus rates FRA:AMNA with a GF Score™ of 81/100 and a GF Value™ of €2.36 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 210 Beverages - Alcoholic companies, Ambev ranks better than 96.19% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Ambev's Free Cash Flow for the
three
months ended in Mar. 2026 was €446 Mil. Ambev's Revenue for the
three
months ended in Mar. 2026 was €3,716 Mil. Therefore, Ambev's FCF Margin % for the quarter that ended in Mar. 2026 was 11.99%.
The historical rank and industry rank for Ambev's FCF Margin % or its related term are showing as below:
FRA:AMNA'
s FCF Margin % Range Over the Past 10 Years
Min: 17.7 Med: 23.67 Max: 31.44
Current: 24.94
During the past 13 years, the highest FCF Margin % of Ambev was 31.44%. The lowest was 17.70%. And the median was 23.67%.
FRA:AMNA's FCF Margin % is ranked better than 96.19% of 210
companies
in the Beverages - Alcoholic industry
Industry Median: 4.875
vs FRA:AMNA: 24.94
Ambev FCF Margin % Related Terms
Ambev FCF Margin % Historical Data
* Premium members only.
The historical data trend for Ambev's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Brewers subindustry, Ambev's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ambev FCF Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Ambev's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Ambev's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ambev (FRA:AMNA) has a FCF Margin % of 11.99% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ambev and its competitors. This is 49% below median its historical median of 23.67. Over the past decade, Ambev's FCF Margin % has ranged from 17.70 to 31.44. According to the industry distribution chart, Ambev ranks #8 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 3.8%.
Is Ambev's FCF Margin % too high?
Ambev's current FCF Margin % of 11.99% is 49% below median its 10-year median of 23.67. Over the past 10 years, this metric has ranged from a low of 17.70 to a high of 31.44. The Beverages - Alcoholic industry median FCF Margin % is 4.88. Ambev's value of 11.99% is 145.9% above this industry median. Based on the distribution chart, Ambev ranks #8 out of 210 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Ambev has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ambev's FCF Margin % compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Ambev ranks #8 out of 210 companies for FCF Margin %. This places Ambev in the top 4% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 4.88. Ambev's value of 11.99% is 145.9% above this benchmark. Historically, Ambev's own FCF Margin % has ranged from 17.70 to 31.44 over the past decade. While the company's 10-year median is 23.67 vs. the industry median of 4.88, Ambev has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Beverages - Alcoholic company?
The median FCF Margin % among Beverages - Alcoholic companies is 4.88, based on 210 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ambev's current FCF Margin % of 11.99% is 145.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ambev and its competitors. For the Beverages - Alcoholic industry, the median FCF Margin % is 4.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambev's current FCF Margin % is 11.99%, which is 49% below median its own 10-year median of 23.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambev stock overvalued right now?
Based on GuruFocus' analysis, Ambev (FRA:AMNA) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.36, compared to a current price of €2.74 — trading 16.1% above its estimated fair value. The current FCF Margin % is 11.99%, which is 49% below median its 10-year median of 23.67 and 145.9% above the Beverages - Alcoholic industry median of 4.88. Ambev's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Ambev (FRA:AMNA), the current FCF Margin % is 11.99% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ambev (FRA:AMNA) Overvalued in 2026?
Based on GuruFocus' analysis, Ambev stock appears to be overvalued.
The current stock price of €2.74 is trading 16.1% above its estimated GF Value™ of €2.36.
GuruFocus considers Ambev to be Modestly Overvalued.
Key valuation signals for FRA:AMNA:
FCF Margin %: 11.99% (49% below median its 10-year median of 23.67)
GF Value™: €2.36 vs. price of €2.74 (16.1% above fair value)
Industry Position: 145.9% above the Beverages - Alcoholic median (#8 of 210)
No single metric tells the full story. See the FRA:AMNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ambev is the largest brewer in Latin America and the Caribbean and is Anheuser-Busch InBev's subsidiary in the region. It produces, distributes, and sells beer and PepsiCo products in Brazil and other Latin American countries and owns Argentina's largest brewer, Quinsa. Ambev was formed in 1999 through the merger of Brazil's two largest beverage companies, Brahma and Antarctica. In 2004, Ambev combined with Canadian brewer Labatt, giving AB InBev a controlling interest of 62%.
81GF Score
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