ABEV Dividend: Ambev SA Yield Insights

Breakdown	TTM	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Revenue	91,719	89,452	79,736	79,708	72,854	58,378
Revenue Growth (YoY)	14%	12%	0%	9%	25%	12%
Cost of Revenue	44,487	43,615	39,291	40,422	35,659	27,066
Gross Profit	47,231	45,837	40,445	39,286	37,194	31,312
Selling, General & Admin	26,686	23,261	20,587	21,455	19,771	15,388
Research & Development	--	--	--	--	--	--
Operating Expenses	24,141	23,935	21,407	21,455	19,721	14,888
Other Non Operating Income (Expenses)	-2,455	-2,123	-729	-1,089	-913	-964
Pretax Income	19,856	19,487	15,035	14,235	13,759	13,494
Income Tax Expense	4,670	4,640	75	-655	636	1,762
Net Income	14,752	14,437	14,501	14,457	12,670	11,379
Net Income Growth	2%	0%	0%	14%	11%	-3%
Shares Outstanding (Diluted)	15,676.75	15,814.74	15,838.61	15,848.63	15,857.45	15,867.57
Shares Change (YoY)	-1%	0%	0%	0%	0%	0%
EPS (Diluted)	0.93	0.91	0.91	0.91	0.79	0.71
EPS Growth	3%	0%	0%	14%	11%	-3%
Free Cash Flow	21,655	21,349	18,707	14,109	15,223	14,163
Free Cash Flow Per Share	1.38	1.34	1.18	0.89	0.95	0.89
Gross Margin	51.49%	51.24%	50.72%	49.28%	51.05%	53.63%
Operating Margin	25.17%	24.48%	23.87%	22.37%	23.98%	28.13%
Profit Margin	16.08%	16.13%	18.18%	18.13%	17.39%	19.49%
Free Cash Flow Margin	23.61%	23.86%	23.46%	17.7%	20.89%	24.26%
EBITDA	30,279	29,028	25,454	23,787	22,869	21,591
EBITDA Margin	33.01%	32.45%	31.92%	29.84%	31.39%	36.98%
D&A For EBITDA	7,189	7,126	6,417	5,956	5,396	5,167
EBIT	23,090	21,902	19,037	17,831	17,473	16,424
EBIT Margin	25.17%	24.48%	23.87%	22.37%	23.98%	28.13%
Effective Tax Rate	23.51%	23.81%	0.49%	-4.6%	4.62%	13.05%

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