ABEV

ABEV — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($3.08)
DCF$15.18+392.7%
Graham Number$2.11-31.6%
Reverse DCFimplied g: -20.0%
DDM$6.39+107.3%
EV/EBITDA$3.14+1.8%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $12.53B
Rev: -8.2% / EPS: -10.1%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$15.18
Current Price$3.08
Upside / Downside+392.7%
Net Debt (used)-$16.93B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$15.30$18.17$21.51$25.38$29.84
8.0%$12.77$15.08$17.77$20.87$24.45
9.0%$11.02$12.94$15.18$17.75$20.72
10.0%$9.73$11.37$13.28$15.47$17.99
11.0%$8.74$10.17$11.82$13.72$15.90

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.18
Yahoo: $1.10

Results

Graham Number$2.11
Current Price$3.08
Margin of Safety-31.6%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$3.08
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth-8.2%
Historical Earnings Growth-10.1%
Base FCF (TTM)$12.53B
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: $0.31

Results

DDM Intrinsic Value / share$6.39
Current Price$3.08
Upside / Downside+107.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $27.22B
Current: 1.2×
Default: -$16.93B

Results

Implied Equity Value / share$3.14
Current Price$3.08
Upside / Downside+1.8%
Implied EV$32.04B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$24.93B-$20.93B-$16.93B-$12.93B-$8.93B
-2.8x$-3.32$-3.58$-3.84$-4.09$-4.35
-0.8x$0.16$-0.09$-0.35$-0.61$-0.86
1.2x$3.65$3.39$3.14$2.88$2.62
3.2x$7.13$6.88$6.62$6.37$6.11
5.2x$10.62$10.36$10.11$9.85$9.60