Added to YB: 2022-12-05
Pitch date: 2022-12-05
ABEV [bullish]
Ambev S.A.
+34.1%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
BRL 227.6B
Pitch Price
BRL 2.43
Price Target
N/A
Dividend
7.56%
EV/EBITDA
7.55
P/E
14.20
EV/Sales
2.41
Sector
Beverages
Category
turnaround
Buy Brazilian Consumer Stocks, Not Natural Resources
ABEV: Play Brazil's income redistribution under Lula via consumer, not commodities (Petrobras/Vale face tax risk). Ambev is a debt-free monopoly brewer at 20x depressed earnings; beer volumes rebound as lower class recovers + BRL stabilizes. Rose 20x in Lula's 1st term; sees 4-5x upside w/ limited downside. Rent, don't own.
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