Ambev S.A (ABEVN) - Net Assets

Latest as of September 2025: MX$92.73 Billion MXN ≈ $5.34 Billion USD

Based on the latest financial reports, Ambev S.A (ABEVN) has net assets worth MX$92.73 Billion MXN (≈ $5.34 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (MX$140.75 Billion ≈ $8.10 Billion USD) and total liabilities (MX$48.03 Billion ≈ $2.76 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of Ambev S.A to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets MX$92.73 Billion
% of Total Assets 65.88%
Annual Growth Rate 7.66%
5-Year Change 32.51%
10-Year Change 97.84%
Growth Volatility 10.39

Ambev S.A - Net Assets Trend (2013–2024)

This chart illustrates how Ambev S.A's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Ambev S.A for the complete picture of this company's asset base.

Annual Net Assets for Ambev S.A (2013–2024)

The table below shows the annual net assets of Ambev S.A from 2013 to 2024. For live valuation and market cap data, see ABEVN market cap overview.

Year Net Assets Change
2024-12-31 MX$99.58 Billion
≈ $5.73 Billion		 +24.25%
2023-12-31 MX$80.14 Billion
≈ $4.61 Billion		 -3.82%
2022-12-31 MX$83.33 Billion
≈ $4.80 Billion		 -0.82%
2021-12-31 MX$84.02 Billion
≈ $4.84 Billion		 +11.80%
2020-12-31 MX$75.15 Billion
≈ $4.32 Billion		 +20.13%
2019-12-31 MX$62.56 Billion
≈ $3.60 Billion		 +8.70%
2018-12-31 MX$57.55 Billion
≈ $3.31 Billion		 +19.93%
2017-12-31 MX$47.98 Billion
≈ $2.76 Billion		 +2.85%
2016-12-31 MX$46.65 Billion
≈ $2.68 Billion		 -7.32%
2015-12-31 MX$50.33 Billion
≈ $2.90 Billion		 +15.33%
2014-12-31 MX$43.64 Billion
≈ $2.51 Billion		 -1.31%
2013-12-31 MX$44.22 Billion
≈ $2.55 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Ambev S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components MX$98.64 Billion 100.00%
Total Equity MX$98.64 Billion 100.00%

Ambev S.A Competitors by Market Cap

The table below lists competitors of Ambev S.A ranked by their market capitalization.

Company Market Cap
Cheniere Energy Inc
NYSE MKT:LNG
 $44.96 Billion
Ciena Corp
NYSE:CIEN
 $45.06 Billion
Itaú Unibanco Holding S.A
F:BVXB
 $45.17 Billion
RIO Tinto Ltd
AU:RIO
 $45.18 Billion
UCB S.A. UNSP.ADR 1/2
F:UNC0
 $44.84 Billion
Compagnie de Saint-Gobain S.A.
PA:SGO
 $44.75 Billion
Carvana Co
NYSE:CVNA
 $44.74 Billion
Woodside Energy Group Ltd
AU:WDS
 $44.55 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ambev S.A's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 78,969,300,000 to 98,642,100,000, a change of 19,672,800,000 (24.9%).
  • Net income of 14,437,200,000 contributed positively to equity growth.
  • Dividend payments of 4,056,400,000 reduced retained earnings.
  • Share repurchases of 467,600,000 reduced equity.
  • New share issuances of 17,500,000 increased equity.
  • Other factors increased equity by 9,742,100,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income MX$14.44 Billion +14.64%
Dividends Paid MX$4.06 Billion -4.11%
Share Repurchases MX$467.60 Million -0.47%
Share Issuances MX$17.50 Million +0.02%
Other Changes MX$9.74 Billion +9.88%
Total Change MX$- 24.91%

Book Value vs Market Value Analysis

This analysis compares Ambev S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 7.97x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 17.07x to 7.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 MX$2.93 MX$49.98 x
2018-12-31 MX$3.58 MX$49.98 x
2019-12-31 MX$3.90 MX$49.98 x
2020-12-31 MX$4.69 MX$49.98 x
2021-12-31 MX$5.25 MX$49.98 x
2022-12-31 MX$5.21 MX$49.98 x
2023-12-31 MX$5.01 MX$49.98 x
2024-12-31 MX$6.27 MX$49.98 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ambev S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 14.64%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 16.14%
  • • Asset Turnover: 0.55x
  • • Equity Multiplier: 1.65x
  • Recent ROE (14.64%) is below the historical average (20.05%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2013 22.23% 27.25% 0.51x 1.61x MX$5.26 Billion
2014 28.58% 31.68% 0.53x 1.71x MX$7.84 Billion
2015 25.71% 26.59% 0.52x 1.87x MX$7.59 Billion
2016 27.99% 27.51% 0.54x 1.87x MX$8.06 Billion
2017 15.94% 15.31% 0.55x 1.89x MX$2.73 Billion
2018 19.57% 21.95% 0.53x 1.67x MX$5.39 Billion
2019 19.22% 22.40% 0.52x 1.66x MX$5.65 Billion
2020 15.42% 19.49% 0.47x 1.70x MX$4.00 Billion
2021 15.33% 17.39% 0.53x 1.68x MX$4.41 Billion
2022 17.64% 18.14% 0.58x 1.68x MX$6.26 Billion
2023 18.36% 18.19% 0.60x 1.68x MX$6.60 Billion
2024 14.64% 16.14% 0.55x 1.65x MX$4.57 Billion

Industry Comparison

This section compares Ambev S.A's net assets metrics with peer companies in the Beverages - Brewers industry.

Industry Context

  • Industry: Beverages - Brewers
  • Average net assets among peers: $210,161,000,000
  • Average return on equity (ROE) among peers: 9.85%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ambev S.A (ABEVN) MX$92.73 Billion 22.23% 0.52x $44.92 Billion
Fomento Económico Mexicano S.A.B. de C.V (FEMSAUBD) $210.16 Billion 9.85% 0.41x $24.02 Billion

About Ambev S.A

MX:ABEVN Mexico Beverages - Brewers
Market Cap
$44.92 Billion
MX$780.51 Billion MXN
Market Cap Rank
#584 Global
#19 in Mexico
Share Price
MX$49.98
Change (1 day)
-2.00%
52-Week Range
MX$39.50 - MX$55.74
All Time High
MX$117.75
Categories
Companies in Mexico Beverages - Brewers
About

Ambev S.A., through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada. The company offers beer, ready-to-drink cocktails and spritzers, soft drinks, water, teas, and isotonic drinks under the Brahma, Skol, Antarctica, Original, Quilmes, A… Read more