STOCK COMPARISON
Heineken vs Ambev S.A.: Fair Value & Quality
Both stocks run through our valuation models. Here is how Heineken (HEIA) and Ambev S.A. (ABEV) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Heineken as the less overvalued of the two: Heineken trades at €78.58 versus a fair value of €65.06 (-17%), while Ambev S.A. trades at ARS 14,120 versus ARS 6,060 (-57%).
Heineken
HEIA.AS · EUR · Consumer Staples
-17%
upside to fair value
overvalued
Price€78.58
Fair Value€65.06
Quality66/100
Ambev S.A.
ABEV.BA · ARS · Consumer Staples
-57%
upside to fair value
overvalued
PriceARS 14,120
Fair ValueARS 6,060
Quality80/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
HeinekenAmbev S.A.
Valuation
22.9×P/E (TTM)52.5×
1.72×P/S (TTM)—
2.75×P/B—
10.8×EV/EBITDA—
1.39×PEG7.20×
2.5%Dividend yield0.0%
€1.90Dividend per shareARS 0.86
Profitability
7%Net margin18%
13%Operating margin26%
10%Return on equity17%
4%Return on assets10%
Growth
-3%Revenue growth (YoY)-0%
0.0%Avg. growth/yr (3Y)3.4%
7.8%Avg. growth/yr (5Y)—
Balance & size
0.84×Debt / equity0.00×
$49BMarket cap$159B
mixedGrowth qualitymixed
Ambev S.A. leads: 3 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Heinekenof which business quality 57 · market factors 72
Ambev S.A.of which business quality 73 · market factors 81
ProfitabilityMargins and returns on capital today
36
61
Quality GrowthAre margins and returns improving?
51
53
CashflowEarnings quality: real cash, not paper profit
60
84
Fin. StrengthBalance sheet, leverage, solvency risk
40
72
InvestmentDisciplined investing over empire-building
87
87
Low VolatilityCalm price path (market factor)
91
77
MomentumPrice trend over the last 3–12 months (market factor)
57
78
52W MomentumDistance to the 52-week high (market factor)
75
92
Net IssuanceBuybacks instead of dilution
90
87
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Heineken
DCF Models€58.05
Earnings-Based€24.79
Dividend Discount€38.27
Multiples€64.54
Asset-Based€21.67
Growth DCF€60.36
Economic Profit€32.47
Growth Earnings€57.38
22 of 26 models see the stock below the current price.
Ambev S.A.
DCF ModelsARS 6,014
Earnings-BasedARS 3,985
MultiplesARS 5,607
Asset-BasedARS 1,153
Growth DCFARS 5,661
Economic ProfitARS 3,650
Growth EarningsARS 4,595
22 of 22 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Heineken
Bear €34.90Fair Value €65.06Bull €89.04
€78.58 = current price (white tick)
Ambev S.A.
Bear ARS 4,515Fair Value ARS 6,060Bull ARS 7,575
ARS 14,120 = current price (white tick)
Compare two other stocks
Tap a field and type again, ticker or company name.
Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Heineken · Consumer Staples
Quality score66 · Top 25%
Fair value upside-17% · below median
Ambev S.A. · Consumer Staples
Quality score80 · Top 25%
Fair value upside-57% · bottom 25%
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Heineken as the less overvalued of the two: Heineken trades at €78.58 versus a fair value of €65.06 (-17%), while Ambev S.A. trades at ARS 14,120 versus ARS 6,060 (-57%).
Ambev S.A. has the higher quality score (80/100).
See the full analysis →
More comparisons
Popular match-ups from the same sectors, all with fair value and quality score.
Free · Top-25 report
See the undervalued quality stocks every month
Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.
A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
